When is this rally short covering rally going to end? It already has. It's just bounced off monthly resistance. But besides this, how do you know it's the end of the rally? Surely the there must be more than one technical indicator? Well you're right. A crossover of the MACD and a break below the upward trending support would confirm this rally is over plus a...
Triangular geometry was designed to take on Keynesian markets.
Expect NAS100/NDX to break highs and break down. Corporate buybacks enter blackout period but early shorts must be punished and removed from the gravy train. Enter between 4437 and 4449, stop on close past 4462. Move to break even early after a momentum candle down.
Would love some opinions about this trade. looks like a correction to me.
I like when time balance and fundamentals are confirming price patterns. -Uptrend move failed at 61.8% fib and looks good from elliott wave perspective. -Time resistance: 50% in time is holding of last impulsive move down -after FOMC historicly most rises are followed by a fall
NDX100 NAS100 looking bearish at key 200/100 ma juncture
All strength indicators suggest short. Market is over-bought since last few days saw significant gains in terms of long positions. Market has reached a resistance at 4295-4300. Time to short.
NASDAQ tracing a wave 4 correction, currently about to drop lower on the final wave C. After that, should see explosive up on a nice wave 3. Looking lower to enter long and catch that wave 3.
1.272 ext. Target Hit! www.facebook.com
Minor resistance held and now the August lows must hold otherwise we will have a date with the 3700 area. We are shorting all pops until last weeks highs get taken out. REMEMBER NON TRIGGER - NO TRADE!
Bulls defended our level and are trying to claw their way back. We are still favoring the downside and will seek triggers around the Minor Resistance area. Be patient on Monday. No Trigger, No Trade!
A very bullish bounce today in the indexes...you had to be quick to catch the move. We will watch the next couple of days to see if this is small bounce or a true reversal. Keep on your watch list and watch the outline levels.
The indexes got knocked down on Monday, however, the late day rally gives bulls a chance. The Nasdaq is sitting at support and we are short term over sold. We are watching yesterdays lows and overnight lows. If we hold the overnight lows then we will look for a trigger to get long for a one or two day bounce. REMEMBER: NO TRIGGER, NO TRADE!
Just Trading in between fine lines !! i.e. Between Support & Resistance !! And it has already stretched too much !! It's Time it breaks it's support like SPX500 has done !! So hold out till Nasdaq 100 aint breaking that support line !
On the log scale, there's a clear trend channel. However, the action that occurs within each quarter varies predictably-- after about 40 days into the quarter, any trend that has formed gets broken. Green vertical lines are a day after quarterly reports, white lines are when the trend for that period gets broken. Arrows are overall market events, which cause...