Rotuma

Rotuma

Nasdaq Composite Index(IXIC); A strong continuation of technical downtrends on display in the daily time frame. Two technical patterns need to be observed in the daily chart. The bearish flag pattern outlined in blue and the long-term price channel developed during the Covid-19 pandemic both aligned with the 10353 support line, which could trigger a sell-off....

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Dow Jones (DJI) fell below the crucial support line in Friday's trades following multiple failed attempts to break out at August 2022 highs. The index is currently on the verge of collapsing based on the previous activities around this area - May, June, and August 2022 and will need to hold above 33264 to avoid a major sell-off. Critical support estimates at...

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S&P 500 had two attempts to break through the critical resistance trendline highlighted in the daily chart in the last two weeks and failed. Friday's session closed at 3852, below 3860 crucial support zone, and will be closely watched by institutional traders in the next session. Bears are currently in control, indicated in the volume spike, and will try to...

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Nasdaq 100 ETF continues to trend upwards with lower highs and higher highs, a major challenge ahead at 121.88 Thursday's price action failed to break 118.68 in the daily time frame, a crucial point (critical support/resistance) in June, July, and September 2022, as marked on the chart. Price closed as a Doji pattern, indicating indecision between the buyers...

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E-mini Nasdaq recovered from Thursday's selloff but is still not out of the bearish trend. The index will likely retest 11710, a major obstacle that saw multiple failed attempts in the past. The index will need to hold above 12000 to confirm a change of direction to the upside. 11710 and 12000 are critical levels to watch in next week's session. The analysis is...

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SPY has cleared 382, but one more obstacle to go before taking off

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Four critical points highlighted on the daily chart could predict the future direction of the dollar. 113.58 has been a solid resistance level for more than two weeks and could be the breakout zone for the upside, with a potential target at 114.85. The critical support zone at 111.52 for five consecutive days could give way if the price fails to hold. The...

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Tesla(TSLA) fell below the H4 critical support curve at 235.42 in Friday's trades and closed below the previous support zone at 223.78, now a major resistance level to watch. Share price closed at 223.07 in Friday's trades, down 6.32%

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NVIDIA(NVDA) has the same fate as Microsoft, with the same price structure and heading in a similar direction. Share prices were smashed in Friday's trades, down 8.03%, dropping to around previous lows and closing just above the major support zone at 119.58.

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Microsoft(MSFT) dropped below the 240 support zone and wiped out the entire week's gains. Share price closed at 234 at the end of Friday's trades, down 5.09%. Critical support zone at 233. Share price hangs at previous lows and could continue south if it fails at the major support zone.

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APPLE(AAPL) shares had little chance of breaking at the top of the price channel, considering the potential five-wave price structure in full action. Share price fell 3.67% on Friday's trades and closed at 140.09. Critical resistance estimates at 140.62, support at 137.17. Share price could continue to the bottom of the channel at 131.58 if it fails at previous lows

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Apple's long-term price structure is not in good shape; The writing is on the wall. A long-term reverse pattern in play.

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US 30-Year Government Bonds Yield in full flight, breaking 2018 highs. Major support at 3.80 A complete five-wave pattern could land bond prices at 4.85-5.11

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The US 10 YR Bonds Yield has struck a resistance point at 3.83% following a strong rally. It will need to hold above 3.83% to continue the current trend. The 3.50% is a crucial support point; it could trigger a pullback and provide a relief rally for the stock market if it fails at this crucial level.

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The attached chart reveals the major support zone where major pullbacks seem to find support since Jan 2022. The recent retreat has tested the same spot and has risen to around 26.62, a crucial point in next week's session to the upside. 31.52 and 34.66 are potential targets if the price holds above 26.62; if it fails, it will likely come down to retest 20.48...

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QQQ - A potential reverse pattern to the downside combined with Elliot wave patterns. Price could fall to around 240-228 if it collapsed below 276. Current support is at 294. Bulls will attempt to defend this area to drive back to 312. Failure to hold at 294 will push the price down to 283 and 296 trading zone

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Investors took advantage of a bargain price after shares fell 14%. support at 0.2616 thewest.com.au

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A potential dead cat bounce I am expecting a test of the top of the channel if prices break 94.30, areas of interest at 95,97, and 100