Overview: it's been a few weeks that the price action has been really tricky to count. Until yesterday, we had the idea that we have peaked for wave b of Z and have started wave c of Z, which was invalidated yesterday. Update: with the higher high made yesterday, I am considering the following scenario: we have completed a triple zigzag in wave b. One thing...
US Stock Index vs India Stock Index - Since Covid Low (Mar 2020)
For those that still don't understand what is going on, we are in a Bear market for a while, and it seems that this trend will continue for sometime, perhaps years.
A simple reversal trade setup on the Nasdaq. The tech index confirmed a double bottom pattern breakout on November 11th, the day after an epic rally which is among the best days of 2022. The breakout has not seen any momentum as different Fed heads have come out saying different things, and some geopolitical tensions. The markets are still determining if the Fed...
Apple IS the market. The peak of the market has a name and a shape, and the name is eyephone and the shape is apple. The recent crisis in stock market, didn't affect companies like Apple. They did not fall for the FED trap. It is not surprising though, since it is the apple month of September. And after the great reset they will be one of the survivors. PS. The...
I have placed some bars patterns that show my current thoughts on the situation with the Nasdaq, it has been performing poorly on relative timeframes lately so I thought I would brighten it up a bit. These bars patterns extend well above the dominant uptrend (observable on the log trend) and more accurately show the bubble we are currently in. Big Bubble, big...
This chart shows the periods with inverted 10y2y yields. Usually inversion doesn't lead to recession, like 2008. However the similarities with 2000 are striking. 3 Years ago we had a brief yield inversion, like in 1998. Then a second inversion occurred, bringing prices down with it. The same happens now. Half of the bubble burst occurred with yields inverted....
HELLO GUYS THIS MY IDEA 💡ABOUT NDQ is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the Seller from this area will be defend this SHORT position.. and when the price come back to this area, strong SELLER will be push down the market again.. DOWNTREND + Support from the past + Strong volume area is my mainly reason for...
I analyzed the Nasdaq index in the weekly time frame for you If until the closing of the weekly candle, the power and body of the candle is as strong as possible there is a high probability that the price will increase until Fibonacci 50%, and then the price will drop sharply.
SPX has clearly violated a trend line of this Renko chart. After a false-breakout of the channel, now we progress further downwards. This chart may suggest that even though we have had consistent growth for the last years, every time we cover less and less ground upwards. The next leg up, may lead us to the bottom of the channel and a rejection. Only then we can...
Now we are in a thick moving sand. We need to drop much further to find solid land. A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow. I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind...
Do we see some relief into October? Seems likely.. I think a possible test of the 50% retracement (another 2% downside) is possible.. Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY. Similar charts with SPX and DJI
TIMESTAMPS: ________________________________________ Intro 0:00 APPL What I want to see 2:07 Quick DXY 5:15 Going Over APPL Price Movements 6:00 BTC 10:56 USD/WTI (OIL) 16:54 Closing Statements 19:11 ________________________________________ Essentially I can easily see something bullish if we start between 142.65 - 143.2. I don't want the price to start too far...
We might have a relief rally in the coming days. This is a possible scenario, however it is important to note that the big trend is to the downside.
The anatomy of these two bodies are identical. The murderer the same. The "plateau" that was shaped in 2004-2006, is identical to 2018-2020 The chopped off head exactly the same. Traders in 2008 had no clue (?) what would happen. (I doubt it, many knew very well what was happening) Now that we have a direct counterpart, and a not so distant one, comes the...
In my post from yesterday I predicted a lower low for equities (and crypto). In this case the S&P 500 had made a lower low (crypto will follow soon). Expect more pain until new inflation numbers. Pre covid high could be a good buying opportunity for a bounce.
Please read to the end, for a probable explanation that falsifies this one. We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical. Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused...
We will reach to 9000 area soon where it will be a good buy area . But hold on ! We may also go to 7000 area . Ill update you once we reach 9000 area what to do next stochastic weekly in bearish way and the bottom maybe far