Currently, Nasdaq is taking a break from the exhausting ascent it has realized from the low of wave iv in turquoise. However, we expect the index to activate some more upwards momentum, expanding wave v in turquoise so that a higher top of wave i in orange can be reached. This done, Nasdaq should turn downwards and drop below the support at 13 566 points to...
Nasdaq is shuffling on, but the going is tough – to coin a phrase. However, we expect the bears to take more action soon! They should drag the index into the orange zone between 12 577 and 12 136 points, where wave ii in orange should end. Afterward, the bulls should take the helm again, inciting Nasdaq to develop wave iii in orange, which should reach about 14...
This year Nasdaq will be going nowhere as it will be traded within a range of around 10500-13000 and probably will end around 10000-12500 by the end of the year. It may test lower point and may touch higher point than the given range, however it won't crash and won't spike either. The reasons for these analysis is based on Index Value Rainbow indicator above. This...
Honeywell should push its fingers deep into the green honeypot between $194.17 and $178.41, breaking through the support at $196. There, the share should gain new strength by finishing wave 2 in green and turn upwards again. First, it should climb back above $196 and then take off from this mark, aiming for the resistance at $222.56. Once above this level, the...
Walgreens Boots Alliance should take its medicine as the share needs some more strength to make it above the resistance at $42.29. From there, the course should rise into the green zone between $52.38 and $59.29 to conclude wave 3 in green before we anticipate a countermovement. A 38% chance remains, though, that WBA could drop below the support at $32.70 instead,...
Like a (Nas-)duck before the thunderstorm, Nasdaq is facing the ascent we expect in the course of wave iii in orange. The index has been struggling to proceed with the upwards movement for some time – however, appropriate impulses are visible. Now, Nasdaq should climb further northwards to complete wave iii in orange before starting a countermovement into the...
Like an onion, the Nasdaq-chart currently features multiple layers, and the index has processed them all. Hence, there is a 40% chance that it could directly continue the ascent it has already begun and climb above the resistance at 13740 points. However, we rather expect Nasdaq to drop below the support at 10890 points and thus to dive deeper into the blue zone...
Did you know just how multifunctional banana leaves are? They can be used for cooking and packaging and to serve dishes, and can also be employed as roof or fence. Nasdaq is currently wrapped in a big green banana leaf between 11734 and 12343 points to finish wave 2 in green. Although this could have already been handled, we still give the index some time as long...
NASDAQ closed lower yesterday after negative free cashflow forecast from Micron Technology. But the tight labor market and upper pressure on wages have a big chance of further increasing the inflation. Investors are awaiting the Core CPI figures today, which, if above forecasted, as it often happens this year, will put the index into another bullish movement. On...
How many push-ups can you do? Nasdaq has accomplished several push-ups during the last weeks, and it should keep up this good work. We expect the tech-index to rise into the upper yellow zone between 14044 and 14798 points, where it should finish wave (3) in yellow. Afterwards, it should start a countermovement into the lower yellow zone between 13579 and 13058...
Nasdaq is looking for refreshment and thus is dabbling in the blue stream between 12317 and 11600 points in the sandy yellow river bed between 12894 and 10501 points. The index should dive a bit deeper into the water now to finish wave v in magenta just below the mark at 12100 points, but it could also decide to leave the river directly. In both cases, Nasdaq...
Just in time for the start of spring, the nasdaq floret has sprouted upwards from the depths of the orange soil between 12722 and 13948 points and has broken through the crust. We expect it to thrive and prosper further and stretch its leaves up to the resistance at 15152 points. From there, it should have caught enough rays of sunlight to grow even above the next...
In this post, I'll demonstrate the impact of regional conflicts on the market; whether what we're seeing is the beginning of a recession, or a reversal. I'll be going over Russia's invasion of Ukraine, referring to historical examples of regional conflicts and the impact they had on the market. War is tragic. I would like to clarify upfront that this post is...
Nasdaq 100 index grew approximately 10% since its low on 24th January 2022. At the moment, it experiences choppy price action. However, the situation looks less dire for NQ1! than a week or two weeks ago. The daily time frame continues to show bullish developments while the weekly time frame shows mixed conditions. We are turning increasingly bullish on NQ1! which...
Hi guys sharing just my thoughs of my today market gameplan. Today wil be crucial Non Farm Payrolls and Unemployment Rate numbers in conjuction with wednesdays sharp decline in ADP Non-Farm Employment Change. The long term unemployed rise sharply: static.seekingalpha.com Total payroll growth accelerated sharply immediately after the lockdowns were lifted, but...
All Info is on the chart. Good luck.