I haven't updated my NDX outlook since December 17 but so far it appears to be trading according to plan after accurately catching that bottom: Today the index made contact with the 1D MA50 again (blue trend-line) and that's a pattern we've seen before twice within this multi-month Channel Up on the chart. As you see, every time Nasdaq approaches the...
Nas100 has been very dramatic at the start of the festive season. (Hahaha). It is direction is quite unpredictable. But here is one thing we can take notice of: we see a HTF rising channel and for days bears have been trying their best to push price to the support of this channel, but to no avail. Nas100 is held around 15570.00, a level that seems to challenge the...
Nasdaq has been particularly week this month as yesterday's rejection saw the price back to the 1D MA50 (blue trend-line) again and near the December 03 low. We do remain inside a year-long Channel Up but the very structure of this pattern allows for one final Lower Low before making a bottom. As you see on the chart, every time NDX broke the last Low of the...
For more than a year now(since Sept 2020), Nas100 is trading inside an ascending channel, and dips around support of this channel were constantly bought. The correction of this trend, started last week, looks over and we have a very strong bullish engulfing candle on our daily chart. This candle can lead to continuation to the upside and a new ATH could be...
As mentioned on my previous analysis, the Lower High divergence on the 1D RSI was the signal that Nasdaq would pull-back. The small technical correction eventually ended at around -7% from the top, exactly on the 1D MA50 (blue trend-line). As I've mentioned before, this is generally considered a solid first buy entry. The current chart shows that after a similar...
After reaching a new all-time high at 16700, Nasdaq fell 1000 points pretty quickly, just to find support in the old ATH's zone. From here, bulls took control and elevated the price again. At this moment Nas100 is trading in a strong resistance zone and a new leg down could follow from here. On the other hand, a break above this resistance could mean further gains...
Hello friends, Today I have decided to share with you what I look for in the market and what helps me to predict market movements. In this idea, I have used Nas100 as an example. I am sharing this for educational purposes and also to shed light on the current market structures as well as future movement of Nas100. Some of you might find this beneficial and others...
This is an update on my previous Nasdaq analysis where I called for potential further rise within a narrower Channel Up at the top of the longer-term Channel before a new technical correction comes: So far this view has been confirmed as the Support of the previous Low (bold black line) is holding. See the similarities between now and the mid July - August...
We should expect further consolidations between 16000 and 16400 to complete the broadening wedge. There's high possibility that Nas100 will rise to complete the broadening wedge formation to the top side. A break above the wedge will attract more buying pressure and send price higher to 17000.00 and on the other hand, failure for bulls to break above the wedge,...
Friends, if you are enjoying my ideas please show your support with likes and do not forget to follow so you stay updated with new ideas. Congratulations to everyone that followed the previous predictions and followed Nas100 from the bottom. As stated in my previous analyses, Nas100 formed a double bottom which the Neckline got violated to the top. We can...
This will be an interesting day, hit the premium point and head to the discounted point before heading to new premium zones.
The light is getting clearer, my bias still bullish for Nas100 for the fact that the November 2021 low wasn't breached by bears and this shows that their strength is getting diminished. Looking at current price action, we also see a possibility of a double bottom formation. If the neckline is violated, Nas100 will find its bottom at around 16110.00. For this setup...
Congratulations to everyone that followed my previous sell idea. We saw a very strong drop on Nas100 the past 2 days, dropping with at least 3.80%. Looking at the technically aspect and market structure, we see that Nas100 has printed highs and lows which these Structures still holds. I expect bulls to push price above the November 2021 high and there I expect...
Nasdaq is ahead of critical crossroads as the Lower Highs on the RSI on the 1D time-frames show a bearish divergence against the Higher Highs of the actual price. When the 1D RSI formed this sequence in the past, the index dropped at least -8% but only if the previous Low broke (black support). In mid July the Low held and Nasdaq continued on a small Channel Up...
Are you ready for this? we will witness a slight retracement to the daily and weekly value zones with support coming from the FIB points of retracement.
After consolidation, Nas100 will be ready to rise for 4000 points. 🔍 Technical expectations: 🔹Further consolidation have to be expected around the local resistance. 🔹A break above the local resistance will send price higher and bears will likely have less control of the market. 🔹I see nothing that can hold the giant index back to reaching for new highs. It has...
This is a simple yet very interesting chart illustrating the Nasdaq-to-S&P500 ratio since the 1980s. As you see after a price stabilization in the 1980s, the ratio started to rise but steadily within a Channel Up since 1998. That was when the tech index (Nasdaq) took off fueled by the dot.com mania on a 2 year rally that eventually led to the dot.com crash of...