NASDAQ holding 200 day moving averages so far. To me this chart looks like a head and shoulders setup with the head cutoff from the neckline. If NASDAQ can break 7360-7380 trendline area, the market can continue its ascent. To me, the most likely scenario is a test of the upper trendline over the next few weeks and then a sharp break to test the lower trendline...
Artificial Intelligence/Deep Learning Enabled 5 Day Ahead Predicted values for NASDAQ Index ( IXIC ) have been plotted on the chart. The method used in this prediction is Deep Learning based, and using complex mathematical models/methodologies to extract hidden time series features in vast amounts of IXIC related data. The expected 5 Day Change is 0.766 %...
Everything on the chart is clearly shown. Support-channel
SPX has been a wild ride... even experienced traders like myself have been getting pushed around, stopped out, and left scratching our heads trying to make sense of this market. It's times like these that it's important to remember that the "why" isn't that relevant to us from a trading perspective. Technical analysis provides unbiased, objective, and most...
The NASDAQ (IXIC) is now at a decision point. It has completed wave 5 and its subsequent ABC correction of a significant 5 wave cycle that started in June of 2016 (I'll post a log scale image indicating this below). The above chart demonstrates the drop to the trend line on 4/2 that completed this major wave. Now we await the next move in the NASDAQ. Bulls...
I expect NASDAQ to hit ~6838 in the next 1 or 2 trading sessions. If my chart accurately predicts the next couple moves, we should see a move up to ~7085 over the first few hours of trading on 3-28-2018. This will be wave 4 of the 5 wave complex down that form wave C of the ABC correction now underway. I expect wave 4 to be a 50% correction of wave 3 because...
I'm going to share some of my thoughts on technology stocks, and talk about why I am concerned about the future of tech stocks / Nasdaq composite. The red boxes indicate major pullbacks, the blue boxes representing short bear markets. One thing to note is that the bear markets indicated in blue are tradable, whereas the major pullbacks in red really aren't....
Nine years in, and SPX has rallied 258% (total return much higher with divs) off the ominous 666 level (666.79, to be exact) that was the low point during the financial crisis. As the Elliott waves suggest, we could be in for a steep decline to test the double-top-breakout level at 1510, which using recent all-time highs, coincides with the 61.8% retracement of...
Nasdaq in a state of complex correction. Small rebound I think will be in the area. Need to watch next
We need to break the 24,800 level of previous support from back in Dec to continue this bull run. I suspect if we cannot break the previous support level, possible resistance, we may trade sideways for a couple months. Just food for thought.
Fat America is still alive and well. Last I checked the Fed isn't hiking the Burger rates. MCD continues to perform and even if we see some flatness and downside in the next couple weeks this is still a good buy. Bearish on the average Joe's ability to choose proper sustenance Bullish on burgers and fries. Also check out KO for a nice cheap beverage to quench...
While the overall markets are still full of uncertainty and fear over hawkish moves from the Fed remember that markets don't always go up. This is the dip you said you would get into stocks on. So many S&P giants trading at the 200 day SMA. I bet this will look like an amazing entry in 6 months from now. We all know AAPL is a big player and unless the markets...
I cant predict the future and neither can you. Seems like the OG ShitCoin has support levels in the short term. I suspect Bitcoin wont be having any bull runs anytime soon tho. Weird how BTC and the DJI IXIC SPY all found support all at the same time... something to think about.
This current downtrend which started today likely will take out the gap I indicated on the chart. Markets sentiments are also shifting although the bull trend remains.
When it breaks below the channel, the game is over.