One of the best methods to do analysis on any asset is comparing the current situation with the previous behavior of the same asset! Having said that,
Let's review the previous 3 corrections:
1-Sep 9th to Nov 12, 2021:
2-April 29 to May 20, 2021:
3- Feb 16 to March 25, 2021
As you can see there are similarities between the current chart pattern and the previous 3 corrections..! which increase the likelihood that we see higher levels for Nasdaq 100 in the coming days(2 weeks)..!
You can see the most important support(green line) and resistance (red line) levels.
Best, Moshkelgosha
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i think after seeing today's futures we are likely to see another big drop. but we can't forget NAS 100 is composed of arguably the strongest companies in the world. the next 30 days will be full earning reports, and with the top 24 companies composing ~75% of NDX, all with stellar CONTINUING growth, I can't see the rationality behind a retreat... We are -5.39% YTD. I ask you this: do you think the world's biggest companies will be making LESS this year? Winners will keep on winning. It's the way of life.
sipiceanu
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History does repeat itself indeed. Thanks for the charts and analysis looks great.
Polysquared
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very likely the end since the Feds mandated for stocks not to crash.
UnknownUnicorn7172660
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apparently even big bank earnings haven't pleased investors. GS sold off, MS, SCWB, the market is priced to perfection. I pray that you're right!
marinik
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yeah, but today's futures: -1.4% ... :/ US100 looks doomed for this year... :/
I ask you this: do you think the world's biggest companies will be making LESS this year? Winners will keep on winning. It's the way of life.