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Reasons to Aim Even Lower Than Before on the NASDAQ-100So you have this Local Double Harmonic setup with PPO Confirmation on the QQQ that is aiming for a 20-40% pull back which can be seen here: In addition to the setup above, you also have this longer term Ascending Broadening Wedge Pattern that goes all the way back to the beginning of 2016 and If the local Harmonic Plays out, we will likely hit the bottom Demand Line before ever having tested the Upper Supply Line and that would then confirm a Partial Rise which would give us a heightened 74% chance of breaking down below the wedge. Upon breaking below the wedge our typical price target for a wedge like this would be a 100% retrace of the pattern which in this case takes us back to 2016 levels at around $3,800
NASDAQ:NDXShort
by RizeSenpai
NVDA: Monthly Bearish ABCD Signal Pending Lowering Target to $80Last month I posted a setup that made the argument that NVDA was trading within the Pattern Completion Zone of a Bearish ABCD visible on the Monthly Timeframe and that all I was looking for was a Monthly PPO Confirmation Signal which would likely be triggered by a Bearish Negative Monthly Candle within the Zone; this situation remains the same we are still trading within the zone even after the earnings pop, but we simply haven't had that negative month yet, however it does seem like it will soon give me the signal that I want and it's something to pay attention to, at this point I'd say it'd be ok to put on a midsized bearish entry via 1-3 month NVDA Puts around the $480-$500 strike or NVDS Calls at the $36 strike and upon generating the bearish negative signal candle it will be appropriate to put on the full bearish entry. In addition, after the recent Price Action and Earnings, if we do get the signals we want here, NVDA will probably drop back down to around $80 The original setup can be found below:
NASDAQ:NVDAShort
by RizeSenpai
14
Snowflake - Is It Time To Stop Gambling On Chop?Snowflake, a Nasdaq company, has earnings looming post-market, which has IV on weekly calls and puts juiced to 150%. Yet people are still gambooling on the next big instawin. The problem is you'll blow your account and won't need TradingView anymore and won't be able to have any fun in your community. Really, a far better proposition if you want 5 and 8:1 odds on things that are like 10 or 20:1 against to hit is to deposit on a sportsbook and put the same risk into a 3-bet parlay on late season MLB. If you're right you'll even get paid the same day and not have to mess around with charts and bars all day. Snowflake is one of the tech sector dump casualties, but has never bounced. The monthly shows very clearly we're simply sitting in $90 worth of range spanning almost a year and a half. And while $90 in range is pretty good, the problem is that it doesn't pump. There will eventually be a change in market structure and the most likely target is under $110. Weekly bars show us that the May low has been taken out before earnings, and this is a factor that is not consistent with bank/fund sponsorship to take out the highs. Which hints to us that the largest players who can move the market of a company that is still valued at $49 billion while printing $650~ million in quarterly revenue are probably targeting the bottom of "the flag" and not the top. While the failure swing at $190 forms a double top and becomes a target, the problem is that everything is set up, with Jackson Hole as the Federal Reserve and the world's most critical financial policy decision pending on Friday, to continue to correct and correct violently into the fourth quarter. Nasdaq Futures - The Trend Is Your Friend, Until The End Moreover, a lot of the worldwide economic situation is being heavily driven by what's going on Mainland China with Xi Jinping and the Chinese Communist Party he still hasn't thrown away. Word in the Western media is that the regime's de facto state run corporations, for whatever reason, are sitting on something like $3 or $4 trillion in real estate debt that's about to explode in their hands. There's still the problem of natural disasters like the Beijing floods, economic calamities like the International Rules Based Order jawing and chattering about "de-risking" from China, and the impact of the virus that has claimed many, many more people than the few hundred thousand the CCP has officially reported to John Hopkins for the official trackers. Worst of all is the 24-year persecution and organ harvesting genocide against Falun Dafa's 100 million spiritual practitioners looms over the head of the Party. Even though Xi isn't responsible for the persecution and hasn't participated, it was done by former Chairman Jiang Zemin and the toad faction nested in Shanghai-Babylon, Xi is the one with his head in the prisoners' box because he's now the Chairman of the Party. And on top of that is an epidemic of arsons masquerading as climate change that have burned to death tens of thousands of hectares of trees and forests and their associated plants and animals. This world is out of control, but it's not allowed to stay out of control for long. And while it's on the brink, you're being told to get long by furus, Discord, Telegram, Wechat, Stocktwits, and Reddit, and are happy to take the bait, because you don't see the danger. So here's what's up for SNOW on earnings. A really likely theory is that it doesn't do much at all because the option sellers will just hold the price where it is in advance of Jackson Hole, let IV decline, collect all the premium from you as everything expires worthless on Friday and laugh. And somewhere along the way, Snowflake will have a $12 retrace to bring in breakup traders and take out short sellers to $165. But this $165 will be another form of optimal short entry to target the $100 mark before Q4 expires. If there's to be upside on this stock, based on the length of time and range of the chop and the specific price action amid the overall market and macro conditions, it would be a lot more likely to come after the lows get taken. Be careful.
NYSE:SNOW
by LordWrymouth
NAS100 H4 | Potential bearish reversalNAS100 is rising towards the sell entry at 14995.37 which is an overlap resistance and could potentially reverse from this level to drop lower. Stop loss is at 15124.07 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Take profit is at 14720.41 which is a swing-low support that aligns with a confluence of Fibonacci levels i.e. the 23.6% retracement and the 61.8% projection levels. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘Name of third party provider). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Name of third party provider. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): ** Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com FXCM Markets LLC (www.fxcm.com): Losses can exceed deposits.
FX:NAS100Short
by FXCM
Nasdaq NQ - Is It Time To Sell The Rip?Greed quickly became extreme at the end of July, and the beginning of August has severely punished bulls, who are still buying the dip and buying the dip. The July high on Nasdaq happened to occur along with the Dow and the SPX in that all three indexes swept out the January '22 pivot that amounted to a rejection that ended that unprecedented bull market. Looking at monthly bars, you can see how extreme this '23 bear market rally has been, and how far the Nasdaq is above its long-term trendlines, how the COVID points were never tested on SPX or Nasdaq, but were raided on the Dow... And you get some perspective on the weekly bars. Here's some key problems for bulls: 1. Equities don't like high interest rates. Big money is needed to move markets and that money likes to seek safe yield. When rates are really high, bonds are really cheap to buy, and money tends to flow into them instead of equities. 2. This means equities rallies in high interest rate environments are bear market rallies by definition. Smart money pumps and sells equities to fuel a buying spree in bonds. 3.With Fed rates pushing 5.5% and there being no chance of cuts until inflation goes from 4% to 2% sustained on a long term basis, ask yourself what really is the bull case that's going to lead to new all time highs? When you're dealing with multiple fundamental factors that are bearish, but price action is bullish, you absolutely have to be cautious, or else you're likely to get gibed. Moreover, geopolitical problems are really serious. The biggest problem is the situation in Mainland China with a Chinese Communist Party that is about to fall while the Western propaganda outlets report on absolutely nothing of significance. All the talk about "Taiwan War" is to make a pariah of Xi Jinping and his faction of Chinese nationalists. What all the globalists are really preparing for is how to take control of China when the CCP falls. To do this, they need to position a man that has been groomed to take control of the country, and this will be done using the Republic of Taiwan as a proxy. But "the best laid plans of mice and men" is an issue. Overhanging all of humanity's head like the Sword of Damocles is the 24-year persecution and organ harvesting genocide of Falun Dafa's 100 million spiritual practitioners by the CCP and former Chairman Jiang Zemin's faction. Although Xi has been killing toadJiang's toad faction for over a decade with the Anti-Corruption Campaign, the problem is that Xi is still the Chairman of the Party, and all of its sins in 100 years hang over his neck like a noose. If Xi is smart, he'll overthrow the Party Gorbachev style. And if he isn't, he'll go down with it. But either way, when the Party goes, the persecution will become the #1 issue that all of humanity will have to face, for the sin is extreme. Equities markets will not be bullish those days, and you truly will be in a new paradigm. So here's the short term price action on the Nasdaq. End of July and early August price action confirms that the top, for now, is in. This means that dips are no longer buyable. It's only that you can short the rips. This will remain true until a certain downside objective is met, and when this becomes true, that downside objective is pretty much exclusively where an old low is. We have two areas of concern for lower prices. One is the June low at 14,250. Although I don't expect the market makers to take this point before September, it certainly is possible. More significant is the 14,850 pivot from the end of June. This number happens to result in a raid on the psychological 15,000 level, there's a gap nearby, and it can serve as a useful level to bounce for heading into the end of August. Keep in mind that August's monthly options expire on the 18th, which leave a solid 9 trading days remaining before the end of September. While you might feel that these targets are too far away to be realistic, keep in mind that dumping to 14,100 from where markets closed on Friday is really only 8%. 8% on QQQ amounts to like $25 and isn't that big of a deal compared to what some other three digit stuff does in a single day. And maybe you really don't believe it either way. But take a look at Apple, the most important stock on the market. It's showing you all the signs that you'd ever need to see that it's either topped or will raid $200 once before going down: Apple - So, You've Been Taught To Buy That Dip... Same with Microsoft Microsoft - Is The Top Already In? Same with Netflix Netflix - I Hope You Like Catching Knives The scary thing about tops is that the first time you get the sell off, the sell off tends to hurt longs, scare them out, and then you get a bounce that flirts with old highs. And that pattern leads to the "sell low, buy back higher" phenomenon. Which results in people buying the tops, hard, and permabears missing their chance to be short and missing the entire move down. But if you understand what's going on, you can capitalize on the early downside, the early bounce, and Godshort the top and ride the trend down. It's hard to do because of human emotions and the interference of long periods of time. But the wisdom is right here to do it. A potential timeline for the downside to finish is literally as early as Wednesday, because August CPI is on deck for Thursday. Another option is that CPI leads to the blowout under 15,000 and the bounce is into the end of August. Beware the JPM Collar. Expiring September 29, they're long on SPX puts with a strike of 4,200. Just ask yourself if America's most keystone systemically important bank is going to be expiring worthless like retail traders do.
CME_MINI:NQ1!Short
by LordWrymouth
Bitcoin - Accumulation PhasesIn this graph I show you all the accumulation phases bitcoin has been in so far. An accumulation phase is a stage that all assets go through. After a prolonged period of growth, the asset declines and enters an accumulation phase. It's during this time that savvy investors buy in, anticipating the next upward trend. It's important to note that we might remain within this trading range for another year before breaking out of it. While I believe a breakout will happen sooner, historical trends suggest otherwise, unless we replicate the 2011-2012 pattern. Regardless, this could present a favorable buying opportunity for Bitcoin within this range, with potential selling during the euphoria (distribution stage). To be able to see the chart like this, turn on logarithmic scale in your Tradingview.
INDEX:BTCUSDLong
by WealthNode
NQ Levels - CGG Newsletter (08/13/2023)Upside: 15172 → 15260 → 15333 → 15444 → 15582 Downside 14995 → 14947 → 14888 → 14810 → 14656 Technical Analysis: Similar to ES, NQ had a down week and closed right on its bullish trendline support tracing back to the lows made in March of this year. NQ had a much weaker close than ES, finishing down 0.69% in Friday's session. I am looking to see if NQ holds this trendline, where it is currently sitting at a Weekly level at 15098. The bearish price action set up somewhat of a falling wedge into the trendline support. Bullish momentum should see us hold the trendline. If the trendline does not hold, we could see a prime buying opportunity in the tech sector from 14888-14947. I would look to go long here and stay bullish until next thursday when the Jackson Hole Economic symposium starts.
CME_MINI:NQ1!Long
by peterjames_6
$CSSE pop expected 👁‍🗨️*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This afternoon my team purchased shares of Chicken Soup for the Soul NASDAQ:CSSE at $1.12 per share. NASDAQ:CSSE announced in April that their annual shareholder meeting would take place either on 6/27/23 or around that date. There hasn't been an official announcement since April regarding this meeting but either way no new information is expected to be delivered at the annual shareholder meeting regarding revenue sales (which is what most investors want to see). My team however is still expecting a pop due to the current technical analysis of the chart. Good luck. Our Entry: $1.12 Take Profit: $1.47 Stop Loss: $1.03 If you want to see more, please like and follow us @SimplyShowMeTheMoney
CLong
by SimplyShowMeTheMoney
$MQ reversal play 👁‍🗨️*This is not financial advice, so trade at your own risks* *My team digs deep and finds stocks that are expected to perform well based off multiple confluences* *Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management* This afternoon my team purchased shares of FinTech company Marqeta $MQ at $4 per share. Our Entry: $4.00 Take Profit: unclear (we will use the fib-tool to determine a good take profit) Stop Loss: $3.75 If you want to see more, please like and follow us @SimplyShowMeTheMoney
NASDAQ:MQLong
by SimplyShowMeTheMoney
5
IOT possible Long ideaWhile market was overreacting from the Fitch downgrade of the USA, traders did what they do best, they traded and analyzed. After a short holiday, I am back with monitoring markets and checking for some nice profit making possibilities. Therefore, I found a good play in making, Samsara Inc., ticker IOT. Things to consider when looking into this new tech stock are: 1. There is a Cup and Handle formation in forming, the pattern is far from done and it will need some time to be completed, so I will wait and monitor closely the price action. 2. There is a huge Double Bottom pattern in making as well, which needs to broke levels between $28.78 and $30.82 price range to be considered a valid break of the pattern. 3. My guess is that the price will fall from this level, up to the smaller support level sitting at around $21.69 to $22.58 price range. If it falls to that price level the Cup pattern will get it's Handle and this will be my first buy point. I will test this price range with 20-30% of planned buying. 4. If I am wrong and price continues to drop from that level, my Stop Loss will be sitting at $20 round. I will sell everything at this price range. 5. If by some chance we don't get Handle formation but we got the break of the Double Bottom pattern instead, I will be entering my trade at around $29.75 as my first buying opportunity. 6. My Stop Loss will be set at 8% range from the entry price, sitting at around $27.2 price level. Please be aware that this is on Weekly level and it will surely take some time for everything to be done as analyzed. Of course, as always, please do your own due diligence before investing your hard earned cash.
NYSE:IOTLong
by De_Banis
NQ Levels CGG Newsletter (08/06-11/2023)NQ is forming an ascending broadening wedge on the daily. Typically this is a bearish pattern, but I believe a bounce is due as NQ is close to a key daily level at 15333 and a golden pocket 61.8% retrace of at 15315. If we get the bounce, we can target the weekly level at 15709 inside the daily fair value gap above where the short GP lies (61.8% retrace is at 15695) If this bounce does not hold, we can expect the daily FVG to fill below at 15255-152128. Upside 15444 → 15552 → 15882 → 15695 → 15728 Downside 15333→ 15315 → 15254 → 15218 → 15172
CME_MINI:NQ1!
by peterjames_6
TECH M! Retest and Continuation?? Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you think?? If it was worth your time, do give us a like. Anything on your mind? Feel free to leave us a comment :) DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING. WE, LIKE EVERYBODY ELSE HAVE THE RIGHT TO BE WRONG :)
NSE:TECHMLong
by TheChartereds
4
Observations on Market Trends and Financial ChangesUnraveling the Revolution: In the fast-paced world of financial markets and investments, the images attached to each company stock, bitcoin, and gold paint a compelling picture of soaring portfolio increases, ranging from 20% to a staggering 250% profit since January 2023, up to this point in August 2023. Amidst these fluctuations, recent developments, such as the GBP's interest rate hike, have prompted intriguing market reactions. Yesterday, as the GBP's interest rate rose by 25 basis points, the initial response was a momentary decline in its value against other currencies. However, to our surprise, a strong momentum swiftly pushed the pound upwards. Similar patterns were observed with the Euro, Bitcoin, and gold, all gaining ground against the US dollar. This display of strength signifies a shift in financial dynamics, with blockchain technologies, cryptocurrencies, AI, and the changing human behavior and understanding collectively working to challenge the once dominant US dollar, which had replaced the gold standard. As we navigate the current landscape, high-raising inflation has exposed vulnerabilities in our financial and psychological systems. We often place blame on external factors for the high cost of living, but it is crucial to recognize that our very own system is undergoing significant changes. Amidst these revolutionary shifts, market trends have led to doubled prices for tech companies, gold, oil, and even currency pairs like GBPUSD showing short-term potential at 1.4 and 1.6. Remarkably, Bitcoin's value is projected to soar to a high of 40k, and perhaps even reach an astonishing 80k, with a visionary projection of 345k. Let it be noted that these observations serve as insights rather than financial advice for trading. For informed decisions, seeking guidance from financial experts and market analysts is advisable. These transformative times call for careful navigation, where knowledge and understanding play key roles in making strategic choices. In conclusion, the financial world is witnessing a revolution, with unprecedented changes reshaping market trends and dynamics. As we move forward, adaptability and informed decisions will be vital for those seeking to ride the waves of this transformative era. Disclaimer: The information provided is for informational purposes only and should not be considered as financial advice. Always consult with a qualified professional for personalized guidance and market predictions.
PEPPERSTONE:XAUUSDLong
by lukiman
1
Nasdaq - Buy targets before continuation.I am eagerly anticipating Nasdaq to hit these targets. Once at least one of the two targets is achieved, I'll consider buying more stocks. If the second target also proves correct, I'll be even more inclined to invest further. After these targets have been hitted I expect a move towards ATH and beyond. It could take some months for these targets to play out depending if both of them will get hitted or not. I would say 3-6 months is reasonable. Good luck out there.
NASDAQ:NDXShort
by WealthNode
EQIX: A way to Short AI & Commercial Real Estate in One StockThis company deals with renting out Commercial Real Estate, mostly to do with Datacenters and other Internet Connected Operations, and due to that, this makes it a perfect stock to get Bearish Exposure to if you are both Bearish on the AI Big Tech Mania and Bearish on Commercial REITs One of the main risks for this stock is if their biggest clients, like MSFT and AMZN begin to shift away from using Equinix datacenters in favor of creating and using their own in order to save on costs. If MSFT's recent earnings call is anything to go off of, they are currently desperate to increase profit margins and reduce the costs associated with their business operations especially the costs associated with working with third parties. One area in which they could cut costs would be to reduce their reliance on Equinix datacenters, but in general as the AI Mania begins to wind down we could likely see the Equinix enterprise consumer base shrink even more, in which case we could see price begin to correct to reflect upon their lower cashflows as both the AI and Commercial REITs sectors continue to slow. Beyond that: We have a Bearish Shark with MACD and PPO Bearish Divergence and PPO Arrow Confirmation; with hardly any support below us. If it plays out we could see a decline of about 50% from the current price level.
NASDAQ:EQIXShort
by RizeSenpai
1
ZM - 3D timeframe hints at potential MACRO shiftHi guys, this is a Technical Analysis on Zoom. So many stocks have done well in this bull market and some not so much. My focus is to catch some potential ones that are down significantly from their blow off tops, in the process of bottoming. Note this is a 3 Day timeframe. This analysis is to see hints in these intermediate timeframes to see whether there is potential for these findings to impact the bigger picture or MACRO trend. Current Price action for the last 4 candles have printed support above the 50 DMA (green moving average) and 21 EMA (Yellow moving average) Note also the 50 Green DMA is starting to flatten out, indicating a potential BOTTOMING sign, since if you look left the things been signficantly pointed down since blow off top. Also note the 21 Yellow EMA is starting to slope up, trying to cross over the 50 DMA. This has happened only 1 time in the history of 3D Zoom chart but when it did, a massive bull run ensued after. This is something to OBSERVE. ANother plus point, we are above the 2 sloping trend lines that were resistance lines since July 2022 and Nov 2022. NOw lets look at the CANDLE characteristics of the 4. Its important to notice the UPPER WICKS forming -> this indicates selling pressure, and that we are hitting on some tough resistance, indicated by the RED rectangle. BUT note the highlighted candle formation -> This is a Dragonfly doji, which is a BULLISH candle pattern. I wont go into the details as i am not an expert but just note its not a traditional dragonfly so the power of its impact, may vary. (Again i could be wrong, so don't hold me to this and correct me if im wrong) Note the tail of the Doji, how it bounced off this major convergence of support between the July 2022 resistance line, and both MA. Great sign in my opinion for a bullish case. BUT also keep your mind on the various support lines below price action, if we get rejected here which is always a possibility, look for price to test: 1. Firstly the moving averages 2. The July 2022 resistance now flipped support 3. November 2022 resistance now flipped support 4. Lastly, the RED horizontal MAJOR bottom support at around $61. WHich we have never gone below in the history of ZOOM. Lets move onto my indicators: 1. RSI- Note the Red line, this is actually a reference to the BULLISH DIVERGENCE forming in zoom. Notice also the first white horizontal line, We have recently broken major resistance and formed a higher high in RSI. This is a good sign in my opinion. The 2nd white line above, is something that if we break would indicate MAJOR trend change, as we would break the June 2021 highs on RSI. 2. MACD -> momentum indicator -> Notice how the histogram bars have shortened and the Blue/Red lines have flattened. This in my opinion, this "quiteness", may indicate a "Calm before the storm" scenario. Also if we are crossed up where the Blue line is over the red and ABOVE the 0 level, that could be a sign for bullish momentum. Especially if the space between the 2 lines widens. 3. ADX & DI - Notice the green line is slowly moving above the White horizontal line, if we can get significantly above it, its may indicate a chance for further bullish momentum. If also the white line comes up and pierces the green line, that would add to the bullish momentum case. *BULLISH DIVERGENCE is a bullish pattern where price action on the charts shows lower lowers but the indicators show higher lows. This pushes price to "catch up" with what the indicators are showing, since normally price action should mirror indicators & vice versa. CONCLUSION: Price action is currently in an interesting zone of resistance. Getting above this would be monumental for ZM for sure. We have some great support levels hanging out below us, which could make for some nice BUY zones if price gets there. But in the great scheme of things, and in my opinion, NOT Financial advise -> Zoom is extremely cheap. There are some bullish signs like the dragonfly doji, potential EMA/DMA cross, Higher high RSI and more...... COuld these be the necessary catalysts to have zoom finally start a bull run, well....... TIME WILL TELL. THANK YOU for taking the time to tune in. Please support me by boosting, following and commenting. Feedback always helps and or expressing your thoughts would be great. DISCLAIMER: This is NOT FINANCIAL ADVISE. I am not a financial advisor. This is strictly my opinion and for educational expression. Trade with caution, always focusing on RISK MANAGEMENT. Protect yourselfs, deploy stop losses.
NASDAQ:ZMLong
by SafofAllTrades
Tech Stocks Looks Bullish Into Year's End (Neowave/Elliottwave)Based on Neowave principles, it seems like major stocks (and non-crypto tech stocks in particular) will continue to rally into the end of the year, followed by a long correction in 2024. After wave-E is finished in early 2025, we should see one of the largest bull markets since the 1990s. This will complete a 25-year correction which began in 2000 when the last tech bubble popped, and begin a new tech bubble which could last 10-20 years. This next bubble will likely be built on the backs of AI and crypto, as well as persistently high inflation.
NASDAQ:QQQLong
by Intuit