Nasdaq has almost finished its bearish correction. We're looking for a rejection of the fib levels and then a break of the red trendline for confirmation to sell.
- Watch for correction to complete at fib levels
- risk entry on rejection of fib level
- safe entry on break of red trendline
- Targets: 10450, 9000
Goodluck and as always, trade safe!
Here is what im seeing on indicies for the next year, overall bearish, but can see bullishness early in the year in order to put in a high. I think the market will go for that 2020 low. which sucks from an economic perspective and what that will actually mean for everyday people.
Here is my perspective for the year 2023. Current price is 1925 & here I expect a change in the trend to turn bearish for the rest of the year. We may see some consolidation around 1550s before a trend continuation into low 1300s during early 2024
NASDAQ price at the verge of the breakout of A local resistance and inverse Head and shoulder as well. The bulls look aggressive and they will target 11900 if they successfully break up. Where a confluence of falling trendline also lies. Trade Accordingly
5 minutes ago Seeing reasons for NAS to go down this week, however, this is at odds with DXY and the two are usually somewhat inversely correlated. Will be seeing what opportunities actually present, but this is what i see at the present moment. Slow news week till thursday so dont be surprised by a mon-wed consolidation/liquidity range building following friday's...
You know how you get to see all the headlines when browsing through TradingView's homepage, impossible to avoid.
We love it because it gives me so many ideas...
"Microsoft Better Than Hot Bread".
"Microsoft Develops New Air Conditioner That Will Override The Fed".
"Microsoft Comes Up With Better Than Bacon".
It is very misleading, that's our point.
I keep asking myself... Are these companies really going to crash?
Is everything really going to hell?
If we go by past history then yes...
I've been reading charts for a few years now and when looking at them long-term, especially the traditional financial markets, they read like an open book.
If the signals are pointing down it goes down.
Alphabet Inc (Google) peaked in November 2021... With one last hurray in January 2022 that wicked higher.
The All Time High came in January this year but only by a wick as the weekly candle closed much lower.
We have a year long downtrend already.
Time does fly by when one is not paying attention.
We opened this chart out of curiosity.
Since the Nasdaq100...
NAS has been falling in the past several sessions.
On the chart , the fib levels are drawn from the recent past swing high
to the swing low. An anchored VWAP is set at the swing high.
Price is currently just above the VWAP and the 0.5 Fib level.
These are both likely support for a reversal. I will look for volatility
and enter a long trade upon confirmation....
Over the past few days, we hinted at several warning signs on Nasdaq's continuous futures chart. Since the index broke above 11 734$, it has trended mostly sideways with declining volume at elevated prices. In our opinion, this continues to hint at the unsustainability of the rally, and therefore we would like to set new price targets for QQQ. Our new short-term...