This is a knowledge oriented video and I hope someone gains a bit of something from it.
Well, get your popcorn ready!! US Tech 100 is in a precarious position. This is another thing that rules the world! Price ducked below 11000 - which is considered important. Will it stay below? How would I know? 🤷♂️🤦♂️ At time of posting price is a 10920-ish. Does this mean the backs of the USTECH and NASDAQ are broken? Of course not. Expect permabulls to do...
Nasdaq is still struggling to find balance above 10000. There'a been several pull backs in the past week but it is still in a clear uptrend
This is a simple illustration of how I trade and where I think Nasdaq is going and why. Use this to assist your thought process
This view is more of a confirmation of my analysis for the week, I am waiting for the end of day to be able to tell where price will be going next but as a day trader, there often something to trade. Price tested a new high and could be looking at forming a new high low before a higher high.
What happens when the price reacts during the open? Today during the Asian session open - Nasdaq had a gap down, this is due to "Apple Inc. doesn’t expect to meet its revenue guidance for the March quarter because of work slowdowns and lower smartphone demand, showing that the virus outbreak in China is taking a bigger-than-predicted toll on one of the world’s...
Sound quality is not great because I'm away from home, working on my laptop. Important things in this: 1. This is a parabolic chart in the last few months. 2. The uptrend on the weekly and daily time frames appear to show some weakening.