NAS
NASDAQ wave StructureAs you can see in the chart, I have outlined the current ABC waves which we are in right now. C wave consisting of converging diagonals broke the price upward from the Triangular Formation. We are currently in the last 5th wave of out converging diagonal. which will be followed by the downward trend in the market by next week probably.
NASDAQ price expected to stallNASDAQ - Intraday - We look to Sell at 12094 (stop at 12252)
Following yesterday's bearish candle, the overall trend lower looks set to continue today. We are assessed to be in a corrective mode higher. Prices expected to stall near trend line resistance. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 11707 and 11600
Resistance: 12000 / 12970 / 13600
Support: 11700 / 11200 / 10500
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Nasdaq Analysis As previously analysed the market is moving inside a triangle. We have now reached the top of this triangle which is also the monthly resistance area. Price should push back down. However if we do break out of this triangle to the upside, I expect price to retest and continue going up and my target will be area of 12500 first stop. I will analysis lower timeframe later on so do keep a eye out.
NasDaq Update!!!The current recession will have most technicals flipping especially on CFD's so the bias that I have on NasDaq is open and explained clearly here.
SPX OutlookSPX is in a major reversal, with the FED tapering now and interest rates increasing, the market no longer deems this crazy market valuations as fair, and we are starting to see the big companies off load employees, and reduce their bills, this is a tell tale sign that the growth we saw post Covid is well and truly over, with staggering inflation worldwide, the FED have no choice but to crush the stock market, in order for the cost of living to reduce, in order to get energy prices back to a reasonable level, the FED will use rates as a mean to reduce demand.
These prices simply are unjust are were only caused by the staggering money being printed to purchase assets after the initial crash in March 2020, they got so scared the printer went brrrrrrr, they printed of trillions in order to maintain valuations and even pushed it above ATH, then it suddenly becomes a shock when Inflation is at crazy levels, the problem I have with it, is how the retail trading market whilst there would have been a small % making a good profit, in trading crypto or stocks during the bull market, how many of our fellow traders are stuck with massively negative returns right now?
What this will cause eventually is people simply selling their long positions to the market, this in turn will cause a massive mean reversion as price returns to a previous balance in the market, if we exclude covids inflation, this is right back where we started, as you can see on the VP the majority of market orders happened in this previous balance, and the deflationary steps by the fed will cause this to crash right back into this range, and their is the potential we crash below this level.
At the end of the day we have only just started feeling the pain of the inflation, I personally believe this can get a lot worse, if you were asked in March 2020, when everything stopped, Oil went negative, markets were crazy, but did the fundamentals ever suggest a massive Bull run! the only thing that did cause the bull run was inflation.
So be prepared for major sell offs in all asset classes, and I mean all! money is going to return to bonds, and we will see the collapse of US stocks, Crypto, XAU, XAG and Major global currencies, the only thing that can save them is more inflation... but inflation is like a short term high, it works but then it stops, it is a cowards way of dealing with the direct problem, eventually it has negative effects. I will attach a few charts for you to see below this one.
What will also see which will be massive is a surge of flow into the USD, When XAU is sold, when stocks are sold, when everything is bearish the money flows back into the USD, this will be a catalyst in disrupting the major currencies, EUR, GBP ect, will get squashed in this mammoth surge, which will squash growth globally.
The pain is near and it is coming to a town near you... be prepared, manage your risk.
Take off for Norwegian Air Shuttle! Norwegian Air Shuttle
Short Term
We look to Buy a break of 9.21 (stop at 8.34)
We look to buy dips. Previous resistance located at 12.70. Previous support located at 9.00. Trading within the Channel formation. We look for a temporary move higher.
Our profit targets will be 12.69 and 13.49
Resistance: 11.50 / 12.70 / 24.00
Support: 9.00 / 6.00 / 5.00
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NAS Outlook 6/12Bullish on NAS until it prints a new low. My gut tells me it wants the buy side liquidity above 13000. But that is too far a way a target for any level of certainty at this point. Should price turn around then that will become a stronger outlook. If price prints a new low then I shall evaluate, at this point I am looking for a reversal. This could take multiple sessions/days to manifest. IF it manifests at all.
Nasdaq Analysis Hi,
This is what I think price will do today. The price will most likely come back to 12500 area and then continue moving inside the triangle its created. I don't feel price will be breaking out anytime soon as investors are waiting for some more new reports to come out to make a decision which way to go. So for now patience is the key.
NEXT MOVE ON NASAs shown on chart-
short around 13.5 for move to 11.5
Not trading advice
METHODS: geometry plus fib (50% retrace)
Double bottom ATTEMPT
Nasdaq 100 - No healthy signs in the Nasdaq 100 indexIn the previous post, we noted that we would pay attention to the closing price for 1st June 2022. The price closed below the 31st May 2022 low, which hints at the possible resumption of the downtrend. Similarly to yesterday, we will also pay attention to today's closing price. If it closes lower again, it will further bolster the bearish case for NQ1!. Besides that, we still maintain our bearish view on the Nasdaq 100 index and expect it to reverse to the downside soon.
Illustration 1.01
The picture above shows two possible scenarios for NQ1!; however, we have little faith in the bullish scenario. Instead, we expect NQ1! to start breaking down.
Technical analysis - daily time frame
RSI and Stochastic are bearish. MACD points to the upside; however, it remains in the bearish territory. DM+ and DM- are bearish. Overall, the daily time frame is bearish for NQ1!.
Illustration 1.02
The retracement below the sloping resistance will confirm the faltering bear market rally; we will pay close attention to it.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.






















