Primary Chart : TSLA's 2D Price Chart with .618 Fibonacci Retracement of Decline from All-Time High to Jan. 2023 Low and Various Degrees of Trend Represented by Conflicting Channels
SUMMARY:
1. TSLA's technicals are unclear and conflicting. The trend from the 2021 all-time high remains downward until broken. The trend from the January 2023 low remains upward but...
Nasdaq / US100 is trading inside a Megaphone pattern and has just hit its top.
A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50.
We are about to form a 1day MACD Bearish Cross on that exact same level.
Sell now and target the 1day...
NDX had a rather relatively large range day yesterday, as it initially moved down to the buy limit level given on Friday and went up before coming back down.
Overall, cautiously bearish for a move lower. Will be full short if we get a close below BZ.
NASDAQ TREN CHANGE
52W BULLISH49-51W BULLIH
30W BULLISH
1-20W BULLIH
Also complete green signs on lower Timefame.
CPI DATA far below expectations, that dropped US Dollar and Bonds down, while pushing up NDX
Core CPI m/m
0.2%
0.3%
0.3%
USD
CPI m/m
0.0%
0.1%
0.4%
USD
CPI y/y
3.2%
3.3%
3.7%
The inking Dollar Periode is starting now,...
Nasdaq (NDX) exceeded all expectations this month as following our November 01 buy signal (see chart below), not only did it hit the target but broke aggressively above the former Channel Down:
Since November 21 basically it has turned sideways, in an attempt to normalize the previous overbought 1D technicals. It has already hit the 4H MA50 (blue trend-line)...
Overall, trend is still up; I have no strong views of the move for today. But 16069-16119 will be my sell zone while 15887 will be my buy zone. Trading these 2 extremes should work fine for today.
Nasdaq has been rising since October 26th and the bottom on the HL trendline of the year long Channel Up. The 1D technical outlook is bullish after turning overbought on Monday (RSI = 68.584, MACD = 265.250, ADX = 67.453). So far its structure is much like the rise at the start of the Channel Up during the whole month of January.
That one peaked on the 1.5...
Hello Traders,
My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻
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➡️In today's video, I will analyse the Nasdaq for you🫡
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➡️Let me know your opinion about today's...
A historical overview of inflation adjusted prices: XAUUSD, NDX, XU100USD
We are all blinded by "the price", and usually oblivious to the real price and real earnings.
As inflation silently erodes the market, it may be a cold shower to take a look in the long run.
The elephant in the room: the gap between the nominal and CPI adjusted price.
Based on the observation that US equity markets tend to perform well heading into Thanksgiving, we decided to take a proper look at the figures. And it turns out, the Wednesday ahead of Thanksgiving tends to average the strongest positive returns of 0.54% with an 80.6% win rate.
The Nasdaq followed its seasonal tendency to rise on Monday, and closed at a...
Nasdaq pushed up pass July's highest price last week. We want to keep an eye on it this week to see if there will be more buys to push price higher.
The only thing that can invalidate this setup is if the inside bar's or past sellers attempt to push the market down fails.
What do you think will happen next? Will the buyers keep price going or will the sellers...
Within the four panels above are comparisons of major US market and the international Bitcoin indices with the US Dollar Index, $TVC:DXY. From top left to right:
TVC:DJI
SP:SPX
NASDAQ:NDX
BNC:BLX
As we can plainly see, each one acts a a near mirror image going back to 2017.
When looking at correlation via an indicator, like...
Babylon, the city where everybody spoke different languages.
In the end, Babylon met grave consequences.
(Macro perspective of the main chart)
Citizens of Babylon, in our case traders, can barely communicate.
They all speak in different timeframes, and with contradicting interests.
Which translator in their right mind can untangle spaghetti?
Many different...
US stocks surprised much of Wall Street this year with a strong run that defied decades-high interest rates and recession calls. The rally was fueled by slower inflation and hype over artificial intelligence.
But more recently, the Federal Reserve's unwavering higher-for-longer rate stance and a deepening bond-market rout have had a sobering effect on equities...
Nasdaq (NDX) smashed through our bullish target when we issued a buy signal (see chart below) 2 weeks ago:
Right now it is on a minor pull-back after hitting Resistance 1 (15930) yesterday, which is the July 19 High. That was the firs High of a potential Megaphone pattern and its structure so far resembles the Megaphone that formed the market bottom (October...
