MDB better hold 529, or it could go down at least 30 points
Gold could break the weekly chart, and go to at least 2400.
If I take out the consideration of the first of the year shenanigans, then the NQ has already broken down and could go much lower.
if there is any end-of quarter selling rebalance today, there is little support for the /ES until the 4730 zone.
With many NQ stocks with failed bull flags, the NQ could go all the way to 16350.
The Japanese Nikkei better hold 28600, or it could go much lower.
StockTwits bullish sentiment is waaay too bullish. So I thought I would show NQ support levels, if markets sell off.
The SPX500 is forming a small rectangle. But on any break, the support levels are shown.
A break of 116'16 could see the /ZB go all the way down to 159. The NQ stocks don't like rising yields.
Many world markets, including the U.S. Russell 2000, have this topping pattern. But they haven't broken, yet.
The NQ broke down, as I predicted on an earlier TradingView share. Now, good support is around 15200.
If the /NQ goes to the equivalent /ES levels, it would be 200 points lower.
The Fed keeps pumping money into markets, saying inflation is "transitory". If these commodities break up, they will have to finally change their tune. I watch DBC and DBA, the commodity indexes ETFs.
The DAX needs to hold this support zone, or it could go down another 500 points.
Many with expiring unemployment benefits might be selling Bitcoin for living expenses. If Bitcoin works off the 4 hour oversold MACD by not reclaiming the trendline, then it could go at least 10,000 points lower.
NQ has to hold this hourly trendline, or there is little support on the way down.
If /ZC doesn't hold here, it could go waaay down, to the next level of support.
Bitcoin seeing successive price highs, but successive MACD lows. I call that the "3 Marching Lemmings Warning Sign".But the key is if the channel is broken to the downside.