$NDX looks good, better than $DJIRecently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this.
As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco.
CAUTIOUS is the key word.
Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!!
Weekly chart shows #NDX holding above the weekly moving avg's & there was a bullish moving avg crossover, yellow circle, & has held.
12900 is an important level for #NASDAQ 100. Breaks that 13700 is next target.
$DJI looks okay. It held well until recently. It is close to forming a bearish crossover but we'll see. IMO likely not. While #DJI is much weaker as a whole cherry picking individual #stocks on the index should be okay. We stated $MSFT $AAPL have done well & newbie $AMGN & $VZ for yield.
#msft #aapl #amgn #VZ
NASDAQ 100 CFD
NASDAQ | ALL EYES ON BULLSDespite negativity on banking system default. NASDAQ is on the move with bulls printing new high everyday.
Technically speaking, US100 is trading in bullish flag with the breakout target comes at 15000. But we will move step by step. The upcoming resistance comes at 12900 which is horizontal level.
Previously, NASDAQ printed triple bottom around 10650 where the neckline comes at 12100. The target of triple bottom comes at 13700.
All signs shows strong bullish momentum. Any dip will be buying opportunity with appropiate stoploss.
Let us know what do you think of the idea?
RESET PINS AND PREPARE FOR STRIKES XXXNDX is at a critical inflection point
It is testing the 200 Day EMA and based on comparison to prior price patterns, it will likely fail.
This will trigger the next phase of this correction
I predict a few more strong days for NDX to trap the bulls, and then the pins will reset for the aggressive downturn.
I estimate the bottom will be July 2023.
Not financial advice.
Good luck
NQ with TLT overlayRemember that divergence between TLT and NQ I was talking about a couple of weeks ago? It's now closed, lol.
Long term bonds went up because of bank fears. Oddly, I think that's why tech is rallying, nevermind that yields are going down because banks are tanking.
What a strange market. Tough to trade.
Also, rate inversion makes sense if banks tank, so I am not shorting TLT any more. Gold exploded as well.
NASDAQ still has NIKKEI bubble biasNasdaq remains neutral on both the 1D and 1W time-frames (RSI = 53.821, MACD = 70.300, ADX = 31.405). The failure to cross boave August's High maintains the Nikkei bubble comparison that we posted a few months ago. As you see this Nikkei fractal since 1970 that led to the Bubble burst 1990 matches almost perfectly Nasdaq's price action from the 2008 Bubble until today. In order to invalidate this and a second year of Bear Market, Nasdaq needs to cross above the 13,800 August High and make a Higher High. Will it succeed?
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$NDX posts impressive rally! $DJI pumps but OIL & BANKS holdDidn't get the bottom but got most of this intraday rally.
Went green & we covered all exposure done today.
Very nice day!
Could rally more but WE ARE DONE.
Going to park in a few to hang out with the girls.
$TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
NASDAQ Bullish Flag and MA200 (1w) leading to 13600 by MayNasdaq found support on the MA200 (1w).
It is waving a Bullish Flag inside a Channel Up pattern.
All Fibonacci levels have formed Resistance levels that are filled one after the other.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13600 (on Fibonacci 0.5, the next in line after 0.236 and 0.382 got filled). This is also the August High.
Tips:
1. The RSI (1w) is on a Rising Support, currently supported by its MA too.
Please like, follow and comment!!
NASDAQ 1day MA100 rebound. 12200 the upside target.Nasdaq's Channel Down not only hit the Channel Down's bottom but also the 1day MA100. Major Double Support here.
The 4hour MA50 is resisting but we are still halfway a +4.60% rise so there is still room to buy this wave.
Our Target is 12200 (top of Channel Down).
Follow us, like the idea and leave a comment below!!
$VIX hits top part of Symmetrical triangle$VIX rarely tends to trade in a small & tight range.
#VIX Sold off big last couple months & traded in a decent range for a bit & recently, including today, popped big.
As you can see it hit the top part of the Triangle Formation.
Hard to call here but stocks gaining some momentum, being that many were OVERSOLD, including $DJI & $NDX, $SPX and so on, is not out of the question.
Risk reward @ day lows in #stocks was good. A lot of fear out there is good for reversals.
Keep eye out on 4 hour charts for a good idea of where we stand.
FYI $DJI 4hour close was NOT the best setup BUT it did form a BULLISH Engulfing with GOOD VOLUME.
IMO 32.5k on #DJI is good & if it breaks & holds that is a good sign.
NASDAQ: Consolidating before the new bull leg.Nasdaq hit and held so far the 1D MA100 and is staying technically neutral on both the 4H and 1D time-frames (RSI = 48.402, MACD = 26.660, ADX = 22.654). This is largely part to the fact that the 4H MA50 (as well as the 4H MA200) is holding as the short term Resistance level.
The 4H RSI is on a HL trend line though and since the price closed above S1 (11,800) despite breaking it on the previous candle's wick, it is enough for uss to go long (TP = 12,220) on the short term, at least until the LH Zone (and R1 R2) break.
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QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report PredictionAfter the last price target was reached:
My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation .
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the QQQ will reach $288.
3. The year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation , will be restored. Inflation down to 3%.
My prediction for QQQ by the end of the year is $332, a 25% increase YOY.
Looking forward to read your opinion about it!
Nasdaq -> Ready For The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently retesting a quite obvious weekly support/resistance area which is turned very strong support once again.
You can also see that we recently broke above a down-trendline, created a double bottom and had a bullish ema-crossover, which are all very bullish signs, so from a weekly perspective I just do expect the continuation towards the upside.
On the daily timeframe however you can see that we are currently creating bearish market structure, so I am now just waiting for a bullish break and retest of the next resistance zone, before then also the daily timeframe looks quite promising for the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
11 Trade Ideas Predicting The DJI Crash | Where Is The Bottom?The Dow Jones Industrial Averages index has been holding much, much better compared to the S&P 500 and Nasdaq indexes.
While the other two indexes have been down considerably since we started to predict the crash (18% SPX & 25% NDX), the Dow Jones (DJI) has gone down only by 12%.
This is the last one of this series of articles.
Feel free to relax as we get started!
Thanks a lot for your support.
---
Let's start with the chart above on the Monthly timeframe.
The DJI closed last month below EMA10 and it is now signaling lower.
We use EMA10 to gauge the short-term potential of a cryptocurrency trading pair, stock or chart.
So the short-term potential has gone bearish... This we normally say based on the daily (24 hours per candle) timeframe.
Since this is the monthly, each candle is ~30X stronger than the daily.
Which means that this very simple signal can yet be very strong.
---
We started in late January to look at the Dow Jones.
We don't need/use 100 indicators, the very simple moving averages for us are more than enough.
Here we saw that the Dow Jones is no exception, it was also set to drop!
(Jan. 24) The Dow Jones Industrial Average Is No Exception (Crash)
Two days later we looked at the famous 'Falling Wedge" pattern and compared it to 2020-2018...
This one on the monthly timeframe.
(Jan. 26) Dow Jones Industrial Average Monthly Chart Analysis (30%+ Crash)
We can appreciate how the DJI was looking better than the SPX and NDX...
Yet, the indicators, such as the MACD, gave it away!
(Jan. 28) The Dow Jones Industrial Average: Not All Red
Dead cat bounce, anyone?
Easy to tell... We stay conservative though to not scare you away.
How to prevent a crash if the Feds policy do not change?
A: Impossible
(Feb. 7) DJI Weak Bounce
And here too for the initial phases of the correction we look at the classic ABC.
(Feb. 11) DJI Crash Last Reminder
To me, the next one was the biggest give away of all.
The long-term cycles are very strong but what to say when an index loses a 20 years long support?
We are talking about the MACD on this one...
(Feb. 14) DJI And The 20 Year MACD Support
We step back to sum it all up...
It is possible that the DJI goes for a 50% or more drop... Who knows, let's ask the chart!
(Mar. 4) DJI | Dow Jones Industrial Average (Additional 55% Drop)
By mid-March we shared the "bear-run"!
This is happening across all markets and will continue a bit longer before we see sustained/long-term growth.
(Mar. 13) DJI Bear Run
This is all for the major US Indexes.
We will go back to Bitcoin soon and then focus 100% on the Altcoins which is where the money grows.
---
In all, we published:
(1) 26 trade ideas for the SPX (all bearish).
(2) 14 trade ideas for the NDX (all bearish).
(3) 11 trade ideas for the DJI (all bearish).
For Bitcoin (BTCUSD), we share the Macro/Long-Term view as well as the short-term bounces/moves when prices go up.
You can count on us being here by the time the bottom is reached and when we hit $300,000 or more in 2025 and beyond.
Namaste.
14 Trade Ideas Predicting The NDX Crash | Where Is The Bottom? We looked at 25+ charts predicting the S&P 500 Index (SPX) market crash.
You can find this article in the 'RELATED IDEAS' at the bottom of this post.
Now, what about Nasdaq (NDX) and how far down can it really go?
Join me while we go over the trade ideas we published since early 2022, to see where we stand and what comes next...
(You can find all charts by visiting my profile - here )
Thanks a lot for your support.
--
We started by looking at our classic signals on the NDX chart.
We looked at EMA10/EMA21, previous corrections since 2018 as well as the MACD and RSI; it all pointed downwards.
At this point the NDX index was at 15,286.75...
(Jan. 19) NASDAQ Bearish Scenario Can Unfold
Just 4 days later we looked at the weekly chart and noticed how the NDX was moving below EMA50, one of our classic signals.
This is a bearish signals telling us of potentially lower prices...
(Jan. 23) Nasdaq To Hit Much Lower (Chart Update)
Later, we expanded on all my main/classic signals.
If you learn these signals by reading what we publish, as easy as they are, you can read any chart that being TradFi or Cryptocurrency...
(Jan. 24) NASDAQ Downward Pressure
Then we looked at the really long-term timeframe, monthly (M), and we predicted a potential 70% drop, this happened in January 26.
We also looked at Elliot Wave & more...
(Jan. 26) The Nasdaq Long-Term (Potential For Major Crash | ~70%)
If you want to know where the bottom is, look at this chart.
We followed this one by reading multiple timeframes, daily, weekly and monthly and going as far back as the year 2000 in our analysis... Our view remained the same and is still the same today, more correction before it is all over.
(Jan. 28) NASDAQ Index Continue Lower | Daily, Weekly & Monthly: All RED
Do you know about GAPs/Windows?
We study this signal in early February...
(Feb. 7) The GAP Gives It Away | Nasdaq
We also applied candlestick reading, which is the main system we use for charting.
High wave candles, full bearish candles on the chart as well as indicators such as the MACD.
(Feb. 23) Nasdaq (NDX) | Gives Additional Signals
In March only two trade ideas, the "bear run", now famous as well as another strong/bold prediction...
(Mar. 4) NDX | Nasdaq (Additional 65% Drop)
The ABC Correction is based on the Elliot Wave charting system... See how perfectly it works!
(Apr. 21) Nasdaq Extreme Bearishness Weekly
CONCLUSION | Bad news & Good news
The bad news is that we will have a long way to go!
The good news is that once we reach bottom, we will have DECADES of sustained and continued growth.
Namaste.
💾 DJI Bear-Run 2023 & Beyond | The New World OrderWhy do you think there is such a strong rush to close/shutdown everything crypto?
The traditional global financial system is about to crash and they don't want competition. Remember, they are owned by banks and banks are used to having a monopoly on money.
If the financial system crashes due to its many weaknesses, it will lose all of its customers to the other side.
If they can shut down the other side, people can just cry and rebel but they would have no other choice other than to use what is available.
Now there is an alternative.
So they will have to either come up with real solutions (not likely) or become obsolete as it is the norm.
The only constant is change in this world.
The DJI is about to crash.
We have a peak January 2022 followed by lower highs.
This month the DJI has gone below EMA10 and the indicators are trending down.
It seems that it will be worse than 2008... No worries, back in 2008 we didn't have Bitcoin, it will be interesting to see how things will develop this time around, to say the least.
Bitcoin was invented for this exact type of situation.
Will the experiment work?
Or will Bitcoin and Cryptocurrency go down with the rest of the old system that it is intended to be the solution for?
My money is on change.
If you look back at history, nothing ever stays the same.
Let it crash...
A New World Order will emerge.
Namaste.
💾 NDX Bear-Run 2023 & BeyondMonopolistic, abusive and centralized corporations will continue to dominate the world but slowly but surely become less and less relevant, new technologies, new systems based on openness, decentralization and fairness will start to emerge.
These new systems will start to go up as everything from the past starts to go down.
The crash will speed up and it will eventually become obvious.
Cryptocurrency will be the only place left for the world to look for cover.
It is the worst crash ever but this time an alternative exist.
Cryptocurrency will save the day.
Prepare yourself if you hold any of these stocks/indexes... It is going down.
Namaste.
Best guess: current situation in MarketI think the market is consolidating for the next push up... but probably won't be consolidating here anymore, rather lower is coming... I'm fully expectant and prepared for LOWER LOWS to come... so if you want to follow idea on Long, do know it's early still...
Tape Wise, market flipped bull mode on October 13th... price going lower is not "PER SE" a bear tape.
I'll update if I sense the stink of bear taking hold of market... his claws printed in Tape... for now price is just controlabelly and smoothly cooling off & falling lower (remember, "velocity" is not all there is to bear tape... yes, bear tape requires velocity, but a relatively speedy down trend is not on its own a bearish tape...)
So: until Tape flips bear and trend is broken, we assume after lower prices, higher ONES will come...
DOW JONES 1929 - Worst is yet to come Federal Reserve raising rates vertical fasted in history.
1. More people getting bullish before mass bankruptcies are filed
2. Bull whip effect in full force too many new hired people from stimulus
3. FED are stuck and have to raise rates through a recession threat to defend the US Dollar and US bonds
4. They potentially avoided the blow off top but can they prevent the collapse?
5. Banks are running into liquidity issues already
6. Unemployment claims are skyrocketing from job layoffs not being reported.
Getting close to another support level on $DJI, SCALPING onlyAs stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity.
As stated before, SCALPING quick moves.
Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes.
$MSFT went from 249 - 252
$ZS 106 - 108.5
$TSLA 170 -177
$COIN 53-55.2
$RUN 21.9 - 22.95
Picked up some gold miners $BTG $KGC Possible consolidation in the industry.
Highest $VIX has been in a long time, Stocks prepping for run?$VIX pumped hard these last 2 days
Was interesting that it hadn't done much considering how much the #markets had fallen.
However, it could be short term topping out as #stocks are oversold atm.
25 has been an issue for some time now.
Other data is showing that we are likely setting up for a nice run.
Earnings recession is becoming more apparentFollowing the FOMC’s rate hike, markets continued to rally yesterday until the closing bell when tech giants Alphabet, Amazon, and Apple reported their earnings. Bleak numbers poured cold water on a rally, and in after-market trading, Nasdaq 100 index fell more than 2.5%. However, this move quickly recovered, highlighting the market's growing fragility. With VIX near yearly lows and now evident earnings recession, we will seek a decline in volume accompanying the rising price to suggest a rally’s exhaustion.
During the summer of 2022, we noted that declining corporate earnings and outlook downgrades in 3Q22 and 4Q22 would confirm our bearish thesis about the market progressing deeper into recession. With this being reflected in the data, we will pay very close attention to labor market data, which lags behind other indicators. To further confirm our bearish thesis, we want to see a pick-up in unemployment and small business bankruptcies, which will put the current mainstream narrative about “soft-landing” to the test (together with the FED not cutting rates).
Alphabet - full-year 2022 results.
Net income = $59.97 billion
(vs. net income of $76.03 billion in 2021; -21.1% YoY)
Operating income = $74.84 billion
(vs. $78.71 billion in 2021; -4.9% YoY)
Revenue = $282.83 billion
(vs. $257.63 billion in 2021; +9.8% YoY)
Alphabet disclosed that it expects to incur (in 1Q23) employee severance and related charges of $1.9 billion to $2.3 billion in relation to its layoffs of 12 000 people announced in January 2023. Additionally, it anticipates exit costs in regard to office space reductions of approximately $0.5 billion during that same quarter. Furthermore, the company expects a significant reduction in the depreciation of its equipment and servers throughout the entire year 2023.
Amazon - full-year 2022 results.
Net loss = $-2.7 billion
(vs. net income of $33.4 billion in 2021; -108% YoY)
Operating income = $12.2 billion
(vs. $24.9 billion in 2021; -51% YoY)
Net sales = $514 billion
(vs. $469.8 billion in 2021; +9.4% YoY)
Amazon saw a massive drop in net income (YoY) in 2022, from $33.4 billion to a net loss of $2.7 billion. The company expects its net sales to drop by more than 15% in 1Q23 (vs. the previous quarter) and suffer unfavorable impacts from exchange rates.
Apple - 1st quarter FY2023
Net income = $29.98 billion
(vs. $34.63 billion a year ago; -13.4%)
Net sales = $117.2 billion
(vs. $123.9 billion a year ago; -5.4% YoY)
Operating income = $36.01 billion
(vs. $41.48 billion a year ago; -13.2% YoY)
Illustration 1.01
Illustration 1.01 shows the daily chart of NQ1!. At the moment, the price deviated too far from its 20-day and 50-day SMAs, making a case for the retracement. A breakout below Support 1 will bolster the bearish odds in the short term. Contrarily, a breakout above Resistance 1 will be bullish.
Technical analysis
Daily time frame = Bullish
Weekly time frame = Bullish
Illustration 1.02
Illustration 1.02 displays the daily chart of QQQ. The yellow arrow hints at bullish volume growth. A decline in volume accompanying the rising price will hint at declining momentum and potential trend reversal.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.