Wait for the confirmation candle and trade in the direction of breakout.
Bulls have had a nice and surprising push after fomc to the upside this week. Will be watching if price respects the DT line and will consider this an uptrend day in a bear market instead of an official uptrend reversal period until DT line is broken and value created above. I like longs above 500 as there is plenty of space for bulls to prop this up above there...
Just study the chart and you see the process. The scene of the crime as my mentor always said ;-) is where price broke down hard the first time. Often than not, price has the tendency to come back to these levels. As it did today. Price ran into the "Scene Of The Crime" or the "KillZone" and got hit on the head several times. Here you had 3 chances to short the...
The red pitchfork indicates the ongoing downtrend is intact. The Overshoot below the lower medianline parallel is acting now as support as we can see at the green circles. The 1,2,3,4 numbered channel (which has nothing to do with the pitchforks btw.) is up-sloping. Point 4 is projected from the slope of 1 & 2, and the attached handle at 3. This gives us the...
big ol sell off in the nasdaq this month finally down to the 200 dma small bounce could this be a nice bear market rally ?
After a strong bullish day MNQ is in need of consolidation as it runs up into previous resistance. Cycling into contracts in the short zone between 16,390 and 16,455 with a stop at 16,460. Taking profit at the .236 & .382 fib
/NQ: view : bearish. Market continued the bull run in the month of Nov but shown the sign of exhaustion of trend. On monthly charts the presence of Gravestone doji and formation of bearish Diversion on RSI is clearly visible and indicating the trend reversal. Key support levels: 15600 - Signifies the long range monthly support for bull trend. if broken Market...
I am not hoping to hit these levels today, but in the near future when volatility picks up.. It started topping out and I am interested in sorting(Not Yet!!)... In the meanwhile, I am expecting for a quick fall to these buy levels and bounce right back up!!
Technical Overview: - MNQ We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait for dips if they happen don't chase the market :) Analysis is only 1...
Technical Overview: - MNQ We like to see price react to our buy zones providing intraday/scalps as they are not meant to be strong as the lower zone marked :) Simple, whoever tells you short is selling you lies, you want to be on the safe side? stay bullish on US markets simple as that. Wait for dips if they happen don't chase the market :) Analysis is only 1...
... it is a sign of a top approaching?? Disclaimer: This is just an opinion, not a financial advice. Do your own homework.
Just sharing this amazing tool Auto Fibonacci by our folks at TradingView. Target for the day on MNQ Nasdaq
SPX has rallied non-stop for 9 months, almost, produced a 41% gain that is twice the 1Q's gain. Covid April low is excluded, instead, the monthly average at the time is used as the base of the 2nd gain. While not calling the timing of the correction from the over-extended market, I intend to position for Jan, Feb, and March with stacked puts or put...
The fluffy stocks or "balloon" stocks with little or no revenues have taking the money flow out of an already pressured "demand" from the market and the mega-caps such as AMZN FB FDX NFLX. It will take very little selling for us to get to 12400, likely before yr end.
NASDAQ 100 is testing descending resistance coming from beginning of September. I expect a return from this area but I won't open a position at this point. You may follow confirmation and returns, carefully. 11820 can be first support level, 11520 can be second support level and if it breaks, I will follow ascending support line.
I observe a bullish divergence on NAS100USD chart and expect a rise up to 11400-11450 band. After testing this trend resistance, shorting can be considered.
Price is beginning to show consolidation and range mentality. This could be a significant low reversal area in the bigger scope, but in the nearer term there is potential for a short push back. Normally, I would be looking for a move back to lows and potentially further but with the strength of the double bottom, I don't want to get caught getting stuck at the...
The #MNQ1! has had a phenomenal wedge formation that broke higher. Now that prices are migrating towards the top of resistance, structural interest begins to take hold showing areas for sellers to potentially initiate new shorts to drive the market down. The daily is bullish, but the faster timeframes haven't shifted just yet suggesting this pop may be a trap for now.