The Nasdaq looks to be failing, after this week's short squeeze. I would be careful with this thing. Lots of wild moves over the last 24 hours, with the primary signal being cryptocurrency popping up. These moves will trap a lot of traders. Be careful out there! God Bless! Luke 5:11
4 corrective waves succesfully done and now proceed to 5th wave. Probable targets are given on the chart. This was the most important part, the technical analysis. Neither global conditions (EU Energy crysis, war threats, inflation and covid rise), neither astrologic conditions (Jupiter retro will not leave 23 - 28th Oct) doesn' t allow a real bounce. And #dollar...
It's just x wave , don't enjoy it very much :-) Another uptrend for 5th of terminal c and it will go down for new low
It seems the condition of market is peculiar. Invert of yield curve and data from CALL/PUT ratio signal bearish state to the market. furthermore Technically it was the first leg of downtrend. There will be time squeeze for positions to bring back balance to the market.
It's ready to down, Nd100 Sell @ 12150 and 12200 Tp 1 : 11800 Tp 2: 11700 Tp 3: 11500 Tp 4 :11300 Tp 5 : 10800 SL : 12350
The triangle that I included in the previous analysis (contraction triangle) was replaced by a neutral reverse triangle, which was more logical because the post-pattern movement of a contraction triangle should have been a sharp drop, which is really unlikely to happen here. This neutral triangle is weaker and is more suitable for forming the last branch of the correction.
Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling. NDX Nasdaq 100 has been making a downchannel since it turned down after...
The Nasdaq100 NASDAQ:NDX couldn’t hold above the support levels mentioned in our last report at 11376 points and opened the week with a gap below the significant 50%Fib. Level to open at 11472 points signaling that the bears are controlling the market backed by the bad news of the economy, then bears confirmed their control after the FED rate hike of 0.75 %...
DASHED LINES: When the 12 EMA crosses above the 26 EMA on the 1D MACD we get a reliable signal that the price will rise (will be higher by the next alert). SOLID LINES: When the same occurs on the 2D MACD we get confirmation. And vice versa when the 12 EMAs cross below the 26 EMAs, the price will fall (will be lower by the next alert). —— As you can see,...
With similar double bottoms along the 200MA in both cases A raging bull run in both cases (~580%) however BTC's rise was a lot more rapid. As BTCUSD finishes its second top formation the NDX enters its second. This could be interpreted as BTC being "ahead" of the Nasdaq.
Jamie Dimon, the JPMorgan Chase CEO: "Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself." Jamie Dimon is predicting an economic "hurricane" caused by rising inflation...
NDX_US100_H4 Bearish Chyper Pattern Formation Possible revesal and hit target, if you like my idea follow me thank you
In my previous Nas100 analysis I said that the index can rise and test important 13k zone resistance. On Monday Nas100 reached that zone and yesterday it started to drop. The trend for this index is still strongly bearish and I expect a new leg down as long as 13k is intact. Sell rallies towards that zone can be a good strategy and bears can target the previous...
Using Fib circles to plot how price falls Both corrections are around -80% A fall like this allows for a third touch on the up channel that is apparent Bars pattern placed (red) is just my thoughts of how price could act if this scenario occurs
Short Nasdaq at the fair value gap. Take partials at zones I marked out. Dont miss out
There have been 3 very bad days for Nas100 and indices across the Globe with, in the Nas100 case, a drop of around 1000 points and a significant break under 13k important support. Now the index is in a normal rebound and this can offer bears a good opportunity to sell at higher prices. In my opinion, the sell zone is between 12750 and 13k and only above 13.300...
. US100 W1 8-5-22: 1Y RANGE BROKEN LOWER - Fundamentally war, sanctions, inflation will impact stocks negatively - Policy-wise US rate-hikes will impact stocks negatively - Seasonally Indices are supposed to be weak
In the light of a recession with the GDP seeing negative growth in Q1 and a tighter monetary policy from Fed as well as rate hikes from Fed does the high profile growth stocks see a slow down. The main buyer of these high profile growth stocks is NASDAQ where many of these stocks see a bearish market (e.g. Meta Platforms, Zoom and Netflix) as investors go from...