Recently, Nasdaq made a new ATH and shortly traded above 14k zone. These proved to be false breaks for the technology index and we rolled back under.
At this point the price is 13755 and, if the bulls can't find the power to drive the price above 14k, we can assist a drop to next important support that lies at 12700
A sell close to 14k also has an incredible R:R...
We had a very nice drop on nasdaq which we were waiting for and this bearish momentum may continue tomorrow. We are currently on the centre trend line on the 4 hour chart. if we break through and come down our target will be anything between 13680-13394. However is the bulls do decide to come back in we will most likely see new highs again target of 14200-14400....
Today we had a pretty bearish day on Nasdaq, Currently the market is consolidating on lower timeframes. If we look at the daily we can see 13915 was previous high which did get broken yesterday, nas making a new high. Today if we get a close back in 13915 then we can expect some more sell off bring price back down to 13607-13540. However the bulls do continue next...
As I said last week... NAS100 is in a thunderous ascent and until it stops in a certain area and forms strong support areas I will continue betting on the climb!
NAS100 rejected from a very strong area and I think it will go down to the 12800 area ... from where it will go up again to 13200 and from there to 13900
NAS went down to 12801 from where it rejected and...
That's of course the million dollar question and on this post is based on a fractal analysis with the 1998 - 2000 sequence.
As you see today Nasdaq is currently trading within a Channel Up up and down the 1D MA50 (blue trend-line) similar to what it did in 1999. Both Channels formed after a very aggressive rise, which took place after a lengthy yearly period of...
NOTE: For the greatest accuracy, at the beginning of each month I will make a parallel analysis between the charts of 1 week and 1 month!
As I said last week... NAS100 is in a thunderous ascent and until it stops in a certain area and forms strong support areas I will continue betting on the climb!
NAS100 rejected from a very strong area and I think it will go...
Nasdaq has been ranging for the last couple days. on the daily the trend is very bullish. We are very close to our previous high. On the 4hour chart we can see price has hit the top of the trend line. A break of this trend price can move to 12400 and higher. If the price does respect this trend line and pulls back then price will come down to 13600- 13472.
Be...
There is little that we can say about the Nasdaq, other than it is developing quite well. The index was able to distance itself from the support line at 12609 points. If it manages to stay away from this line, we do not see any reasons for concern. Primarily, we expect that the index will continue its bullish run and reach a zone between 14357 and 14538 points,...
The market is currently consolidating. A break to the upside we can see price move to 13738- 13916. A break to the downside price will come to 13472, a break of this we may see price come further down to 13328.
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After a beautiful run yesterday will nasdaq continue going? We may see some pullbacks now and the continuation of the trend. The price may pullback to anywhere between 13090- 13015. However if the market decides not to pullback and just continue our bull targets are 13400-13600.
Currently the market is at the bottom of this little trend. If it breaks down we can see price come down to 12780-12680. If the pice does bounce from this trend then it will go to 13000-13084 (which is likely as it looks like a retracement and the bulls will continue. There has been a lot of long wicks recently with lots of fake breaks. Market is very unsteady and...
Hope you all had a great weekend.
On the daily TF we can see nasdaq has formed a triangle and it it almost at the end of the road where it is about to break. We have had many attempts of break to the upside and downside but it failed. Hopefully today we will get a close outside this triangle. If the bulls do come in our target will be 13292 and above. If the...
We had a very good bearish run yesterday. As I analysed couple days ago it has come to 12780 one of the key areas, see previous posts. Before we get excited and jump into more sells we should see what is happening. The market has been consolidating last couple weeks between 13174- 12780 which you can see more clear on the daily. So for the bears to continue its...
Hi Everyone,
Hope you all had a great weekend.
I Will start with the higher timeframe today as it is very important to see what is happening. Today we will get a weekly candle close and we are at the crutial area again where we really need the candle to break the resistance area of 12940 on the weekly timeframe. The last 3 weeks it's attempted each time but...
Here is the Dow / FAANGs;
Obviously the FAANGs being in much worse shape (price-wise) than even the Dow. - At least for now.
Here is the Monthly;
Here is the Previous Post;
Made a lot of money in here already!
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.
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