NAS TOP 1H FVG FILL Short Swing to SSL May not reach the top of the FVG, filling it entirely. This is the best entry I can see to take past SSL & to July 18th Weekly Lows
Within this 1H FVG PA should respect it & tank to desired target.
Would classify this as a swing trade. Can scalp on 1 min on the way down if setups present themselves in regards to BOS, FVG, GCF, Order Blocks, targeting new lows or previous SSL .
GGs
NAS
NAS Longs into 4935 min FVGs below, 15 min FVGs have been filled would be comfortable throwing in half a percent here & letting it ride, if we go lower then I will be focusing on the 5 min breaker & the bottom of the 5 min FVG to be filled.
If we break that then this is invalid. 493 should be taken today no doubt.
NAS END OF WEEK REVIEW 8/26I generally do my review for the next week, but Friday was a big day so I'm documenting my thoughts. The market moved lower as anticipated, however did not think it was just going to fall off a cliff. I think we keep pushing down from here, I see areas for short term bullish price action but my outlook remains bearish into the coming month/months.
bearish wedge officially broke below, watch retest of org chanas i called before, we have officially broken below the bearish wedge. i, personally, expect the price to move below the old channel, but there is a small possibility for bulls to take tower at rest (though unlikely. could short now until it retest, close, then enter a long or a short of the break below, could wait for retest to enter a position, or could short now and close at 8/9k.
Joe Gun2Head Trade - NASDAQ rally run its course?Trade Idea: Selling NASDAQ
Reasoning: Has the rally run its course?
Entry Level: 13420
Take Profit Level: 13088
Stop Loss: 13512
Risk/Reward: 3.58:1
D isclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses . There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NAS possibly reached major resistance, big bear 40%+ DROP!
H&S would make sense in here to continue bear move in the bear market
some significant signs in VIX to support this bear reversal soon
AAPL bear Shark on daily - big bear sign
target for the bottom triangle & short squeeze already hit
ATH not likely in this rally due to economy condition & bear maket nature
US500 Outlook 8/7Outlook on US500 remains bullish while price remains above 3910. Aiming to fill daily imbalance before potential shift in sentiment. Targets annotated in chart. Monitoring intraday price action for potential trades with bias to the long side.
NASDAQ wave StructureAs you can see in the chart, I have outlined the current ABC waves which we are in right now. C wave consisting of converging diagonals broke the price upward from the Triangular Formation. We are currently in the last 5th wave of out converging diagonal. which will be followed by the downward trend in the market by next week probably.
NASDAQ price expected to stallNASDAQ - Intraday - We look to Sell at 12094 (stop at 12252)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We are assessed to be in a corrective mode higher. Prices expected to stall near trend line resistance. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 11707 and 11600
Resistance: 12000 / 12970 / 13600
Support: 11700 / 11200 / 10500
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Nasdaq Analysis As previously analysed the market is moving inside a triangle. We have now reached the top of this triangle which is also the monthly resistance area. Price should push back down. However if we do break out of this triangle to the upside, I expect price to retest and continue going up and my target will be area of 12500 first stop. I will analysis lower timeframe later on so do keep a eye out.
SPX OutlookSPX is in a major reversal, with the FED tapering now and interest rates increasing, the market no longer deems this crazy market valuations as fair, and we are starting to see the big companies off load employees, and reduce their bills, this is a tell tale sign that the growth we saw post Covid is well and truly over, with staggering inflation worldwide, the FED have no choice but to crush the stock market, in order for the cost of living to reduce, in order to get energy prices back to a reasonable level, the FED will use rates as a mean to reduce demand.
These prices simply are unjust are were only caused by the staggering money being printed to purchase assets after the initial crash in March 2020, they got so scared the printer went brrrrrrr, they printed of trillions in order to maintain valuations and even pushed it above ATH, then it suddenly becomes a shock when Inflation is at crazy levels, the problem I have with it, is how the retail trading market whilst there would have been a small % making a good profit, in trading crypto or stocks during the bull market, how many of our fellow traders are stuck with massively negative returns right now?
What this will cause eventually is people simply selling their long positions to the market, this in turn will cause a massive mean reversion as price returns to a previous balance in the market, if we exclude covids inflation, this is right back where we started, as you can see on the VP the majority of market orders happened in this previous balance, and the deflationary steps by the fed will cause this to crash right back into this range, and their is the potential we crash below this level.
At the end of the day we have only just started feeling the pain of the inflation, I personally believe this can get a lot worse, if you were asked in March 2020, when everything stopped, Oil went negative, markets were crazy, but did the fundamentals ever suggest a massive Bull run! the only thing that did cause the bull run was inflation.
So be prepared for major sell offs in all asset classes, and I mean all! money is going to return to bonds, and we will see the collapse of US stocks, Crypto, XAU, XAG and Major global currencies, the only thing that can save them is more inflation... but inflation is like a short term high, it works but then it stops, it is a cowards way of dealing with the direct problem, eventually it has negative effects. I will attach a few charts for you to see below this one.
What will also see which will be massive is a surge of flow into the USD, When XAU is sold, when stocks are sold, when everything is bearish the money flows back into the USD, this will be a catalyst in disrupting the major currencies, EUR, GBP ect, will get squashed in this mammoth surge, which will squash growth globally.
The pain is near and it is coming to a town near you... be prepared, manage your risk.
Take off for Norwegian Air Shuttle! Norwegian Air Shuttle
Short Term
We look to Buy a break of 9.21 (stop at 8.34)
We look to buy dips. Previous resistance located at 12.70. Previous support located at 9.00. Trading within the Channel formation. We look for a temporary move higher.
Our profit targets will be 12.69 and 13.49
Resistance: 11.50 / 12.70 / 24.00
Support: 9.00 / 6.00 / 5.00
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NAS Outlook 6/12Bullish on NAS until it prints a new low. My gut tells me it wants the buy side liquidity above 13000. But that is too far a way a target for any level of certainty at this point. Should price turn around then that will become a stronger outlook. If price prints a new low then I shall evaluate, at this point I am looking for a reversal. This could take multiple sessions/days to manifest. IF it manifests at all.