You can sell on NASDAQ after that we have a BB with the SL and TP as shown on the chart.
Nasdaq / US100 hit the top of the long term Channel Up and Resistance A (March 2022 top) and got rejected. Based on the previous Higher Highs, the rejection should form a Channel Down / Bear Flag. According to that, there is one final pull back pending to 14730. Buy it and target 15500. If anyhow the price crosses under the 1day MA50 or closes the 1day candle...
Nasdaq reached the R1 (15,300) last week, a highly important benchmark as it is the March 2022 Top. Being overbought on the 1D timeframe (RSI = 71.117, MACD = 398.240, ADX = 42.100), the current correction comes as a natural consequence. The target is the bottom of the three month Channel Up. Ideally we aim at the 4H MA200 (TP = 14,600), which has been previously...
You are looking at the 1h chart of the NDQ. Based on my EWC it looks like this pullback is just another bullish retracement which could find support. We started pulling back after reaching 1.618 (iii) vs. (i) which is the most common fibonacci target for third waves. Questions are ALWAYS welcome, trade safe!
Today's market action on NASDAQ Futures (NQM) provided quite a spectacle, as we witnessed an impressive pump that led to a new Higher High at 13683. With limited levels of resistance left in the upper echelons at 13817 and 13995, it appears we're running out of targets on the upside. Additionally, the VIX index is down, pointing to a relatively calm market...
Our last post on the Nasdaq index outlined our bearish stance on the general stock market. Today will be no different, and we will reiterate our grim opinions and provide more thoughts on the latest developments in the market. Since our last article, the Nasdaq index continued to drift lower; meanwhile, QQQ reached our price target of 280 USD and halted its...
On 11th August 2022, we stated the market was at its peak and due to reverse. Since then, the market has fallen more than 10% and reached our price target for QQQ. Furthermore, since fundamental and technical factors have not changed, we have no reason to change our bearish view. Accordingly, we maintain the price target for NQ1! at 11 000 USD. Additionally, we...
if were staying over 14700 and breaking 14875 id imagine its safe to stay long the index aiming for 15200. if we break thursdays low id imagine its safe to buy puts aiming for 14040. i dont think theres much rocking the price either direction, even with traders up in arms about this or that this week. most news is already priced in, and i wouldnt worry about...
Yesterday after the FOMC press conference Nasdaq 100 (and other major indexes) surrendered most of its earlier gains. We continue to maintain a bearish stance on the general stock market as we think NQ1! is headed lower. Our view is supported by bearish fundamental and technical factors. Additionally, the current high volatility pushes odds in favor of more...