Monthly Base Downside Crush 500+ points ( HARD SELL)Stock Pullback completed and coming weeks we will see new round of sell-off.
All explanation on the chart please have a look entry
🛑SUPPORT/RESISTANCE
✅S1= 9000
✅S2=8400
✴️R1=9300
✴️R2=9700
Please like, share, comments and follow me to get daily base analysis
Thank you for your support, I appreciate it.
Ndxshort
Bitcoin to predict NDX down ?Could Bitcoin predict NDX?
In the past 6 months, it happens Bitcoin successfully predicts two pivot points of NDX.
It only takes 1 or 2 working days.
Now 5/7 Bitcoin turns again from $10,000 to $8,000~9,000.
Path 1: Bitcoin predicts NDX turn again (5/11) - 70% chance
Path 2: Bitcoin back to $10,000 up - 10% chance
Path 3: Bitcoin hooks off from NDX - 20% chance
How do you think?
We're going down short-term whether you're a bull or bear.We need a correction in the short term, whether we're going on to make new highs or lows. So the orange line is currently in play.
IF we are indeed in a new uptrend and going to make higher highs, we should see major support around 7,500 (which still implies -10% over the next couple weeks). And a 3-wave move on the downside
IF we are continuing the downtrend, we should see more bad days than good coming up for the markets.
Personally I plan to short this market until we get to major fib supports.
Then maybe take some profits and wait to see if we get a good positive reaction off those levels.
The counter trend up-rally over the last month has been solely based on central bank liquidity injections. Amazon just reported that they might report a loss for Q2 and Apple says they can't give direction.
Which = Uncertainty = negative for markets
Nasdaq 100 (3H) / Primary & Alternate (Green) We are drifting into the inferior part of the channel. As you can see, prices are well contained within parallel lines since the bottom and have been flirting all the way up around the ML. This is not bullish price action. Within an impulse, the base channel is usually breached to the upside. We may have topped at the 1:1 extension in SPX and at the 1.272 in NDX. Bullish case still on the table (you never know) but less likely IMHO.
NASDAQ 100 Small Short or Big ShortHey, this one is pretty simple, can be retesting the green line number 1, there will reach a darn good resistance, if breaks and retest should reach near 6395, if go even lower we may see NDX go straight to line 2 like a ball droping out of your hand. Just kidding, but there is a possibility of reaching line 2. So stay sharp seeing these levels. If we have good news about a new vaccine should Stay near line 1 and go up again. Let`s hope for a vaccine. Watch out the fibo levels, there still a great possibility of going to lower levels. Its not a recommendation, so go decide yourself what you should do.
Warning! Nasdaq to 5900"""this is not financial advice""""
We are in very difficult time, the economy is at risk due to the lockdown and the huge unemployment numbers. The administration trying to motivate the market but bears are already in control. No one knows the bottom but the coming days we may see horrible horrible red charts. the next stop for nasdaq is 6570 if we break it we may see NDX touch 5900 or lower.