Things are not looking very good for risk assets after the break below 200 MA.
FED interest rate increase is a headwind for stocks generally and growth stocks in particular.
It seems to us that things are going to get worse over the coming days.
Stay away from the growth stocks and darlings of low interest rate environment.
Most important -> manage your risk.
General stock market continues to experience weakness. Nasdaq 100 declined to a new low at 14 602.25 USD while subsequently reaching our two price targets. Because of that we decided to update our thoughts on this index. We continue to maintain a bearish stance on NQ1!. Our view is supported by technical factors which continue to point to the downside. However, we...
in 4h timeframe rsi is in overbought .
in daily time frame we have low volume .
We will not enter if resistance level breakout with strong and big candle(engulf) .
wait for best Entry under the level or pull back .
Today, the Nasdaq 100 index dropped below its key technical level at 15 538 USD - which currently acts as immediate support/resistance. We think this is a very bearish occurrence and one that can potentially mark the beginning of downtrend for NQ1!. This view is also supported by bearish technical indicators on the daily and the weekly time frames. Additionally,...
Dear 2022,.. be good to me I want to buy some stocks with cheaper price. Amen
Nasdaq seems broke its trendline, Take profit your stock will be a good choice,
resistant at 210 is good to be considered for your TP action for "a fake January effect". Bearish sentiment also considered (FED, etc)
Best entry point @125 seems to good to be true but time will answer
NASDAQ making new highs every day while weekly MACD shows that the we are about to colapse any moment (FX Pairs and oil also showing that), oil usually shows weak signs first
Watch lower timeframes for entries
In my last Nas100 analysis, I said that "rallies in 15300 zone should be sold and only a new ATH would negate the bearish outlook".
The technology index reversed from that zone with a strong bearish engulfing and now is trading again in 14800 support
I maintain the idea that Nas100 can drop to 14k and IMO rallies should be sold
Above 15k can be a good point for...
Today, the main trend line was broken and filtered, and the trend line is being re-tested. The sub-trend line was also broken and is being tested, but it has not been filtered yet. If the sub-trend line is filtered, the price will fall sharply. Most likely the price will reach below 15,000 . (Note that this analysis is for a 30 minute time frame.)