NDX D1: LIQUIDITY DRAG - 40% correction possible? (NEW) IMPORTANT NOTE: speculative setup. do your own due dill. use STOP LOSS. don't overleverage. Tagged as SHORT because short-term I expect more losses / 40% correction possible.
🔸 Summary and potential trade setup ::: NDX D1 market overview/outlook ::: massive amount of untapped liquidity ::: left behind the parabolic 2020 recovery rally ::: angle of attack in not sustainable ::: PRICE/RSI10 div on daily price chart ::: odds are stacked in BEARS favor right now ::: I see only limited upside from here ::: One of the longest bull markets in history ::: 460% gains off the cycle lows ::: upside likely limited from here ::: some major tail risks for the bull market ::: including riots/violence across US next few weeks ::: also new wave of lockdowns might be imposed in US ::: and this in turn may result in riots/violence ::: not many positive factors supporting further gains ::: aside from the stimulus package ::: problem with stimulus - it's already FULLY PRICED IN ::: by the traders. it's already a done deal. ::: Bulls need a new catalyst to restart the bull run ::: I don't see any viable catalysts aside from ::: mass roll outs of the vaccines ::: which are likely delayed untul Q2 2021 ::: therefore odds are shifting in BEARS favor now ::: good luck traders! 🔸 Supply/Demand Zones ::: N/A ::: N/A 🔸 Other noteworthy technicals/fundies ::: TD9 /Combo update: N/A ::: Sentiment short-term: BEARS/CORRECTION ::: Sentiment outlook mid-term: BEARS/CORRECTION
from which level do you expect falling down... Today another +1,5% up and US100 is at 13250
vychod
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@vychod, final close price is 13365 with TOP 13437 (+4,9% from your TOP level) !!! It does not seem your prediction work ! Moreover, earning season of big5 (MSFT, AAPL, FB, TSLA) coming next week....
sgtraderjon
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How do you predict the TOP?
Henry_Ross
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Top idea, agree.
Vibranium_Capital
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too much fake money printing keeping the market up, nice ta skills though! :)
vychod
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very optimistic.... maybe (I hope) -10% or more... but 40% ? any funfamental idea why ?
vychod
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@vychod, it is more than COVID fall in March 19 - I agree stocks market is overpriced out the reality, but 40% is too much
sgtraderjon
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@vychod, If you consider the current cycle started 2009. The previous cycle ended middle 2002 from 2000.