Yesterday, we stated that the rally was due to end and the bearish trend to resume. Then, a few hours later, the Nasdaq 100 index fell more than 5%. In the aftermarket, the selling continued; and in the early hours of futures trading, Nasdaq futures sold off as well. Then, the index (continuous futures - NQ1!) erased some of its losses and turned positive. At the...
Yesterday, Nasdaq 100 pushed above the immediate resistance we hinted at in our latest post on QQQ. We think the rally is due to end and the bearish trend to resume. Therefore, we would like to set a new short-term price target for NQ1! at 12 250 USD. We would also like to set a medium-term price target at 12 000 USD.
Illustration 1.01
The picture above shows...
Nasdaq 100 P/E ratio on May 12, 2022 was 20.71, which is below the Median of 26.59 or the Average of 30.04.
In the past 5 years, the Minimum was 15.74 on MAR 23 2020 and Maximum 86.30 on JUN 28 2017.
I have 2 scenarios:
1. Inverse head and shoulders chart pattern with a price target of $16650 by the end of the year.
2. Worst case scenario: bull trap at $13350 an...
We continue to be bearish on QQQ even despite the current bounce in price (correction). Indeed, we think that the current pricing is attractive for (re)entry of short position. Since all our price targets were hit before the rally; therefore, we would like to set a new short-term price target for QQQ at 300 USD. We would also want to set a medium-term price target...
Hello traders, Nasdaq (IXIC) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
In this index, the waves have ended in a higher stage than other indicators and have started to correct in a higher stage.
In this index, waves 1, 2 and 3 are over and correction for wave 4 has...
Today i think the Contrarian Investing is a good idea: "Buy When There's Blood in the Streets".
IXIC has entered the strong support/volume area which is a buy opportunity in my opinion for a reversal.
The next resistance is 13625.
Looking forward to read your opinion about it.
The investors have been panicking about rate hike, Russian war, oil price, inflation and recession for a couple of months. Recently the traditional 'collapse after rate hike' has become 'panic before rate hike, rally after rate hike'. This is because the fed has been more communicative about the rate hike, and the market is full of investors who try to be the...
This is a side-by-side comparison of the Nasdaq daily chart from March 2009 with today (May 2022). The charts are looking very similar to one another. The heatmap on the daily chart has not been this cold since the bottom of the Great Recession. The daily plot is nearing a record low. While this daily chart cannot make long term predictions, it suggests that we...
Hello traders!
I was analyzing NAS100 by using different mathematical formulas and models recently, then I just tried my favorite mathematical cubic curve model & the prediction is shocking.
NAS100 weekly chart is predicting the price in October aprox. 9000 !!!!!!!!!!!!
Isn't it Shocking ;)
P.S. This is just an analysis based on my personal research & not a...
The current drawdown in the stock market may not appear like much when looking at a monthly chart, however when comparing to the money supply it tells a different story. From the peak of the dot com bubble the entire market is still down significantly when adjusted for all the money printing the fed has done.
The current drawdown in the Nasdaq may not appear like much when looking at a monthly chart for example, however when comparing to the money supply it tells a different story. Compared to M2 we are at the same level seen in early 2020, however compared to M1 we are at levels not seen since 1991.
*As a Korean, I do not speak English. I used a translator. I get a lot of ideas from English-speaking countries while doing stocks.
Please send us your detailed comments.
*I need the opinions of great Americans
*History repeats itself.
]
Evidence is the chart pattern and * The US economy is similar.
If my prediction is correct.
After a bit of a rebound, the...
IXIC US Composite Nasdaq Corrects 50% from swing of 2020! Over?
#IXIC #NASDAQ #US30 #RUT #SPX500
NASDAQ:IXIC corrects 50% from the swing of 2020 bottoms.
Is it over? Economic fundamentals claim it has not bottomed out yet.
Most of the IT stocks gave the way for this correction. #TSLA #AMZN #FB #NFLX and so on to name.
Is it time for investment? Yes, for a...
