will we break out of the firmament ? probably not
here comes the SMA cross, my blue lines were drawn last week if you look at previous analysis
imminent drop to 3500 zone then last fakeout rally 2021-2022 before big bubble bursting, the fakeout late 2021 rally will probably be fueled by a forced treasury rate reduction, forced by the markets on first rally, plus hitting resistance, but eitherway this is what i thinks happening over the next 1-1.5 years
Once this zone is broken, correction mode
NDX Possible beginning of long term w5? NDX/SP500 RATIO topped off at the same level it did before the tech bubble bursting. what's this mean? Well the NASDAQ 100 is overweighted to industry top performers, tech, healthcare, consumers, etc...as opposed to the SP500 that's more dispersed. So in the NDX/SP Ratio, it would make sense that as the ratio tops off, the...
thoughts?
when you see this much bullish divergence, you buy
short term sma cross occurring, will we make it to 3940 first?
indicator confluence at .618 fib retracement from the downside up (bear rally before fall), SMA and trend line..
3922-3925 resistance zone more problem
If we hold above 7 that's solid we are above a key SMA, expect another 10-15% rally within 2 hours
This is only the 45 minute intraday to show the 20 SMA has crossed the 50 with commitment, but we are in the process of hitting 100 temporary resistance, expect 7.10-7.30 channeling for a bit before a break up
daily may have pierced support but if weekly closes above the red line it's on like bullish donkey kong