We are either in the 5 subwave (c) or a 3 subwave (d) in a triangle. I personally favor the triangle especially for Nasdaq.
I expect the action to follow a path showed in the chart and we will finish correction by the middle of the year.
The indicator shows $ change in NAS100 futures vs. US30 futures.
The previouse trend of increasing change to NAS100 vs US30 has been broken.
As US30 may be considered a safe heaven relative to the NAS100 index, the trends breakdown signifies a tipping point in terms of risk.
Short squeeze boom is done, entire market is in red except for the 4 king 'FANG' stock. 'Facebook', 'Amazon', 'Netflix', 'Google'.
Low risk entry into shorting the S&P here, down into the lows of August/October.
Regardless of what Yellen says on December, it does not matter. The FED do not have control of the market, people are just focusing on the past.
NAS100 is on a fresh supply level. it is a good level for a sell entry. But considering that the index is in up trend for years and any bounce back defines later a new high, what would you do?
What will be the confirmation for a sell trade?
I keep the focus on the pattern marked in the chart. It is relevant to understand how to act.
What do you think?
This is my MONTHLY VIEW on NAS100
What we see is normal.
First of all we have to look what is happening around the world.
German stock market has fallen 18% from the top. World MSCI emerging markets stock index movements in the measurement of this month, has fallen by nearly 10%. This may be the emerging markets worst August since 1998. These markets have lost...
NAS100 green arc blow off to ATH
in light summer trading with less volume they can move the market easier to the direction wanted just drive the NAS Future
I just wonder how the PPT keep the US indices tight and up near ATH level