Quad Day - a time to plan for next week and watch out for bear down drafts. If key support breaks and backtests I will be looking lower and scouting a bounce.
From the daily we can the the price will either continuing coming down (if broken through 12726), to come back and retest the trend line before going up to make new highs or the bulls may come in now, breaking 12924 and continue going up. Have a plan and patiently wait for that plan to play out. Dont rush into trade. 🔴 50% off this week on the NASDAQ Course....
KEY SUPPORT: 12700-750 KEY RESISTANCE: 13270-330 short term: buying dips on the way up to 13300 (completion of inverse H&S), with heavy buy limit at 12760. Long term: wait for break and retest of neckline for long entry. Half and full H&S targets noted on graph.
Let me explain this week price action on the $NAS Comments on the Chart.
ENTRY : 12990 STOP LOSS : 13062 FIRST TAKE PROFIT : 12885 RISK : 1% CAPITAL Once first take profit target is hit i will close half the position. We will then look for continues of trend. As we have more information i will follow up with an analysis on remaining open position. GL. Please feel free to comment and discuss. If you like this idea or traded it with...
The Catch-up trade, as IWM and SPX shorten the % distance gained from the recovery.
The pattern is no longer clean and reduces the chance for a clean break. The bond market reacted to FMOC with higher yields. This is in the middle of a range from my view and requires a bit of a wait for clear trending direction.
HI Guys, So nasdaq is kinda ranging at the moment with the struggle of break through 13283. This level has been tested many times and failed. I have put the daily chart today do show you what is happening in higher timeframe. You can see the level 13283 is also in line with a key trend line which its also trying to break and has failed many time. This trend is...
OPEX/Quad Witching, stimulus checks - We saw one false break-out of this pattern, if it breaks bull the technical target is well above ATH. The price action around the neckline may offer clues.
Come get some bread. ENTRY at 13125. Use proper money management. Big money rolling up
The price is currently ranging. Yesterday we had a break of the 13142 a key resistance area. The price didn't stay above that long before come back down. Today we may see the price either come touch the trend line (drawn with a box on chart) before continuing to go up or the price may break the trend line, come down to 13000-12910 before continuing to go up. The...
wicked the neckline (supported by the 2-hour MBB) - on watch for the overnight session. This will provide an indicator for the front running sentiment before the Dot-Plot.
Hi Guys, Let's have a quick look at what has been happening on the weekly. As we are very excited to see a bullish rally we must not miss a key area. On the weekly we have approached a strong key resistance level where price has come previously and could go further. For our bulls to have a continuation we will have to see what happens at this level 13141. As...
finding res at the .5 of this historic slope and distance.
key spot - bullish if the market can claim this pattern with a break - backtest - and go.
The S&p has been climbing for the past few days trying to wotk itself to the top of the channel on a daily timeframe (you can copy the chart to view this) Good news has come from bidens speach today and the US markets were concolidating all day waiting for the news release which turned out positive giving the Nasdaq volumes to breakout while the S&P has not seen...