Nasdaq Long Entry: 13:10:55 (UTC) Tue Aug 4, 2020
Wave analysis all the way back to the beginning of NASDAQ (zoom out and pan around). Focus on last major motive wave sequence. If my analysis is correct, then it looks like the NASDAQ may be at the end of its run. Also, I added the final motive wave from the dot com bubble over the current motive wave. As you can see, the NASDAQ is currently a bigger bubble than...
Here is the culmination of my last 4 months of technical analysis of the stock market. I looked at important growth stocks of the past and where they are today. From that analysis, I applied the lessons learned to todays market. 1) Growth stocks break out of the mean channel of wave 1 to finish wave 3 and 5. Average stocks stay in the mean channel. 2) The...
I made some tweaks to my long-term wave analysis of the Nasdaq. I thought that there maybe a small correction then one more rally high up before a major correction. However, after some more noodling through it this morning, there is a more than zero chance that the upcoming corrective wave C may be it. The rally off the recent low (Wave B) in March hit 1.236 of...
After yesterday's rally anything goes. The wave count could be 5 waves up or 3 waves up, both are viable. That long pin on the last candle hit 1.618 in a 3 wave, and if that is true then we are still in the corrective wave. I am still on the bearish side and expect more down. I am going with yesterday as a big short squeeze. The power of the Fed is hard to argue...
Something pretty interesting happened when the DXY ( U.S. dollar index ) is inverted, and split chart next to the US500, a derivative of the SPX500 that trades within the construct of the OTCC markets and is a good 24/5 proxy. This being said, all of us in the FX market-- rather we like it or not-- are at the mercy of the SPX . The SPX is the most highly...
Today's selloff had many interrelated factors, of which came together to form what looks to be a hint of conviction, suggesting further price declines to the downside for most major benchmark's in the U.S. Most people who follow my SPX charts assume that every chart represents a new trade, specific in the time and moment. In reality, this isn't true and I use the...
5G architecture / devices rolling out to the end of the year. Tech as a whole heading to its second bubble. It would only make sense QCOM is one of the leaders of the rally.
Nasdaq100 daily- Little upside left and nearing resistance, bearish RSI.
Nasdaq100 monthly Log chart: Up Channel. Technical analysis doesn't have to be complicated. Moral of the storey: Buy the dips (lower bounds of the channel) and stay long.
I have displayed a good entry point for a short and for a long. As a day trader, I go with the trend but also trade pull backs... I am neutral and waiting for an entry. VIEW TO SEE WHAT TO EXPECT
My personal thoughts on nasdaq direction, I am neutral at the moment because price is consolidation. Waiting for a break out of my box regions.
Yesterday morning's drop of almost 1% was very much not expected based on the previous day trading, but based on the clearly cyclic pattern of 5.2 days up and 3 days down it was right on the mark. If you have been following me, then you will see that I made an addendum yesterday morning (before trading) to note this on my Wednesday night analysis. I was caught off...
Bullish Bat forming. Clearly oversold at the moment. Expecting a retrace to about $17 before buying. Take profit targets as shown.
Price is now kind of stuck in a symmetrical triangle pattern where it could hit either way, up or down. For it to go up higher, the price must close above 104.57 which I think it will. Another possibility is it could also hit lower first before trending higher. That would means it would hit 102.85 as the first support. If this support level holds, then we can...