sngyuchao

11:04

sngyuchao Updated 

First video on how I analyze the Nasdaq 100 using Elliott Waves, Fibonacci extension levels, support and resistances, and technical indicators. Apologies first if it's not up to standards. I did this impromptu and didn't really prepare that much. Will do better next time :) Here's a summary on why I think it is bullish: 1. Cup and Handle 2. Wave counts...

06:56

sngyuchao

Today I want to discuss about the bull and bear cases for S&P and introduce the fractal concept Bull case: Cup with a handle uptrend can be considered 1-2-3 wave and recent downmove as 4th wave it is a possibility because wave 4 is in wave 1's terrority, similar to the big downtrend. But this can also be considered a leading diagonal downtrend sub-wave 5 ended...

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(apologies: using mobile to post this idea and can't seem to publish only one chart on a 4 chart layout. Bottom right chart please) I am convinced that NVDA is going to crash to a first price target of $300 very soon. It is well-known in Elliott Waves that a H&S set up is really the following: Left shoulder: wave 3 and 4 of previous up move Head: wave 5 of...

sngyuchao Updated 

On the chart, there are a couple of developments that I want to point out to draw a bearish scenario: 1. Cutting of trendline with 2 days of heavy volume. 2. MACD turning down below the 0 line and cutting the signal line. My analysis is based on my Elliott Wave Counts and also on study of a few underlying stocks like AMZN, TSLA, and NVDA (the more obvious bearish...

sngyuchao

I've written about this before recently. There can be no hope for AMZN because of the woke agenda for their shows. Similar to Disney. Of course, Disney is currently suffering a worse fate in terms of the stock price. But I am confident that it will crash even more.

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I've been a bear for a long time and my previous call for Nikkei was for a short. However, while price has indeed fallen, it did so in a corrective manner and I had to revisit my counts. In this analysis, I've redrawn the wave 3 such that it reaches the recent peak and the corrective wave after that became wave 4. I would expect first price target to be the...

sngyuchao

From my chart, it should be very obvious that the euphoria for NVDA has ended. We all know that this stock is over-priced. Yes, it is earning a lot more from the data centers (please see their financials if you are interested, but I don't trade from fundamental analysis). What we also know is that their executives have been selling into this price movement up....

sngyuchao

Serve DIS right for pursuing the Woke agenda. I guessed Little Mermaid is bad enough but Snow White is probably the straw that breaks the camel's back. I've been monitoring this for a long time and finally it broke down.

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From the chart, you can see that I've marked the dates of the premier of season 1, and also the official trailer date for season 2. Now, 19th July is probably the peak for this year's recovery. Amazon stock price will probably start crashing on 1st September because that's the release date for season 2. It will be a Black Friday for AMZN.

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From the chart now, you can see a huge red bar at a support. Also shown is how I've draw the ending diagonal for MSFT. A crash is inevitable.

sngyuchao

Regardless of your view of AI, we need to recognize that NVDA's run up recently is ridiculous. It is so high that even their executives are selling their shares. But that's besides the point. Looking at my plotting of the EW counts, one can see that I expect the price to start moving down and start moving down real fast. There is a gap area that I marked as...

sngyuchao

In addition to my previous call for MSFT to crash, admitting to forcing the count and ending-diagonal pattern, here is another reference to how the EW counts could be. I've provided the sub-counts for the primary wave 1,3, and 5 and also the Fibonacci extension levels. In summary, if this count is correct, the bear market has finally started and we will see a...

sngyuchao

From Fibonacci extension level, we have potentially reached the end of wave 5. The recent up move is also preceded by a triangle. On my previous post on Nikkei 225 on a shorter timeframe identifying a h&s setup also confirms that the peak was in.

sngyuchao Updated 

As shown in the chart, it is possible that Nikkei 225 is going to see a fall to the support later today and continue falling through to reach the initial target of 32580. A stop loss at 33808 and entry price at 33510 will give us a RRR of 930/298 = 3.12. Or a late entry will still be around 3 for the RRR. Good luck!

sngyuchao

I've been trying to see if MSFT has topped. But the primary counts (not shown) signals that the recent 3 days down could just be a correction. So I have to activate the alternate count here and use it as my primary. The chart shows a potential ending diagonal. If this count is correct, we have just seen MSFT broke the support trendline yesterday. And if this is...

sngyuchao Updated 

As can be seen in the chart, we noticed 3 items that could potentially spell the end of the up move for Tesla: 1. Bearish Engulfing Candle with high volume 2. RSI divergence with price (with RSI being too high in overbought area) 3. Elliott Wave C completion (potentially) What this means is that the first target we will see is $220 and the ultimate target is a...

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Nikkei 225, based on Oanda's CFD, has reached a fibonacci target level and it is now a good time to be in a short position.

sngyuchao

Bitcoin breaking down below $25,000 is a significant development to an Elliott Wave analyst. It means that we have confirmed the previous up move as a correction and not a new bullish cycle. Thus trades should be bias to the short side.