June High, July Low. Nasdaq to drop to close huge imbalances within the market on lower time frames.
Ndxshort
Bearish Count confirmedDiamond forming now on the 5 min chart in wave iii-iv
Now that we know that yellow zone has been held as resistance, we should expect a continuation down. Not sure if crypto is leading or the nasdaq, but if you look at them they're very correlated now.
I was sweating a bit yesterday but that sharp selloff this morning confirmed that we have topped in the nasdaq.
Give me BLOOD!!Bearish count is intact and favored.
Bullish count is only possible IMO if we can rise above 13,800 again.
Otherwise, looks like we might get a steep drop soon.
Bulls MIALooks at how many times we've flipped at that yellow zone.
Past price action tells us a reaction is likely there.
Looks like we're hitting a wall.
If we can break through this zone, we'll push to new highs.
BUT,
The upward price action looks corrective to me.
C wave extended 1.382 of the A wave.
Bearish Bias remains.
Buying the SQQQ. Stop loss if the NDX breaks above 13,850 or so.
Hit ResistanceWe're right in my 2nd target zone for this rally.
Looks like the price action has gotten stopped in that zone.
I see this as a opportunity to short.
I would set my stop at 13,800.
Watch Crypto. See if it follows tech downward.
Or maybe they'll just PAMP it up again. Who knows with all this free money.
The End Seems NearDivergence on the RSI 4 times! Usually after 3 there's no going back but sometimes with things like Bitcoin or apparently the Nasdaq, you can have more because of the FOMO.
We hit the 2.5-2.618 fib extension from the prior wave I cycle as shown.
I'm thinking we enter a complex wave 4 of larger cycle degree soon.
It's gonna be nasty and a lot of tech companies are gonna go bust.
But the bad money needs to be cleansed and the free market needs to decide who is allowed to stay in the game.
I'm looking for a 40-60% pullback. We will enter a bear market for the next year or two if this happens. I think we're nearly there.
I need a further breakdown of the RSI to confirm it, but if we keep selling off this week and it accelerates, remember this chart.
Precision EngineeringSee that? Look at this with BTC overlaid.
The whole market is going down.
Freaking nailed it.
Added to my short position.
Bottom or Continuation?What does that pattern look like to you?
Either i'm about to get wrecked by the tech sector.
Or I'm about to take a piece of Elon's market share. HAHAHA
3 Strikes, NDX is OUT!!!The Nasdaq was up to bat, but 3 strikes and you're out.
Look at the RSI. Higher lows on the momentum going back to 2018!!! = bullish, meanwhile price has been going down. This indicates a buildup of momentum that has not been discovered by the price yet. I'm putting my money on the fact that that momentum will be discovered here soon in a real way.
2018 guys. Think of that. We all know it's inflated. Everyone is just betting when the music is going to stop.
Doesn't matter who you are.
This thing is going to at least $15, but I'm shooting for a bit higher for at least $35-40 cause I think this could get bad.
Could be one of the most Asymmetric trades this year.
NDX/SPY and NDX/DJI looks like the NASDAQ is popping a bubbleIntroduction
For my adult life the advice has been to buy just by ETFs. And for the last decade or so the advise has also to been buy the NASDAQ ETF because it over-performs the other indices. It seems that advice is on the precipice of ending due to some long term indicators on the verge of flipping their switches.
The MFV VSTOP is set to 3x and right now price action has gone below the stop. IF we confirm below the arrow stays in place and right next to it we get that black dot which means the move is confirmed. Not shown to keep the main chart clean is the VSTOP on the current time frame which has already flipped bearish.
Price action is also leaning heavily on the 20 month SMA which, due to its use in a variety of other indicators is rather important.
The Chart also declares that we have a lot of divergence on some popular indicators
indicators
I could almost exactly use the same write up for NDX/DJI but this chart has the RSI with a double top instead of clear bearish divergence.
A look at NDX, SPY and DJI to try and guestimate what this dump could look like is very bearish indeed. The dotcom bubble burst was a historical economic event and it seems its ghost has come to haunt us. SPY and DJI will be less affected by this downtrend but will still take significant beatings over the next coupe of years. The fact that they don't go down as much means they are less likely to get a playable/dupe-able bull trap
Here is a replay of the dotcom pop on NDX with my general thoughts. It is on the three day with the daily BB in orange and the weekly in blue. There will be a lot of technical bounces on the way down and a put/short strategy seems very advisable.
My Conclusions
I am not going to go on at length about the dollar or inflation in consumer staples or the wallstreetbets effect. It looks pretty bad out there when you compare the most bullish US index to its brothers and that is generally bearish for the broader market. I am not a financial advisor and I don't have a CMT... purely self taught. But I am going to look to short in one way or another these bearish continuation patterns and I might even take some opportunistic logs when the price action first hits the weekly bollinger band. There is going to be a lot of pain over the next couple of years but there is nothing moral about being bad with money, or losing money.
Here is TSLA based off of my linked idea. Plenty of chances to swing trade in this dumpster fire of an equity if I can get some indicators to back up the TA. The main chart suggest we will get a multi-month bull trap. The chart where I replayed the NDX bubble burst also suggest a multi-month bull trap. Even though the macro situation is bearish you still have to be nibble enough to deal with the rallies however you decide. My other linked idea is how I potentially see BTC affected by the everything bubble
NASDAQThinking the NDX has been leading the dump and the DJIA & SP500 will dump harder % wise while NDX starts to lead the recovery IMO
NASDAQ - Elliott Wave CorrectionShort Term Bearish to complete the 5th wave of ABC correction.
- Happy Trading.
NDX:NAS100 Looking for Shorts if Monday's highs aren't breachedA longer / bigger time frame indicates a huge shorting opportunity, I've missed a couple of shorts but bought all the way up and knew there was upside still ahead, gamma squeeze anyone?
What do you think?
NDX aka NASDAQ IdeaG'days Guys
Here some overview on NDX. Referring on my previous projections which is still valid. Today projections just
to follow up the movement since previous positing was at 25th March.
Overall, NDX still on bearish movement which is expecting continue to falling to complete demand zone.
Let's see what happen next with this pair. Stay Tuned...
#Nasdaq - Be careful #NDX #NDX100The month of March and the first quarter of 2021 are coming to an end and there is a possibility of an April correction. Not in every market, but at least for the Nasdaq100, I can't argue it away at the moment.
The RSI has a double divergence and signals weakening momentum.
Therefore, in my opinion, we should wait for the end of the month and the end of the quarter before making further purchases. Not that someone gets angry because in 4 weeks there is a discount on the same Stocks of over 16 percent.
Therefore - be careful and watch out.
Greetings from Hanover
Stefan Bode
NDX aka NASDAQ IdeaHere were go,
Since a couple years ago, NASDAQ was continue to rise. For me this is, unhealthy movement.
If you guys understand on economic cycle, i reckon you guys understand why for me unhealthy.
In shorterm, I am expecting minor to medium trend might forming. I marked critical zone for trend confirmations.
Let's see what happen next with this pair. I welcome all comment and sharing an idea.
Cheers.
NDX Nasdaq100 Head and Shoulders PatternThis is a great example of how a Head and Shoulders pattern looks like!
$12100 is my first target!
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
