After holding a Optimal trade entry on the monthly chart - expect All time highs on NDX with higher target above in a few years. It will not be in 1 shot - but its something to keep in mind. We will need to take it day by day, month by month, quarter to quarter and take seasonalities into account. Expect some type of pullback at some point- but will evaluate...
Nasdaq is trading inside a Channel Up. The current Rising Wedge which is dring the price on the current bullish leg resembles that of October 27th - November 7th. Trading Plan: 1. Buy on the current market price. 2. Sell below the MA50 (4h). Targets: 1. 17300 (the 1.382 Fibonacci extension which was the target top of the mid November rise). 2. 15700 (Support...
Dear Traders, NDX broke the falling channel (long purple trendlines) and then repeated a breakout from the falling wedge (short purple trendlines). I believe NDX can continue its rally because MACD turned bullish, and I can see a confirmed bullish cross on the RSI. The price is above EMAs, and the volume is high enough for the continuation. I believe the target...
- Double top formation forming on the Daily/Weekly chart - Head & Shoulders Pattern potential to form (2nd top in double top is the head of H&S patter) - Price has reached Fibo 0.618 extension, potential area for reversal - Mean reversion back to the long term trend line (excluding the inflationary impact of money printing) - News celebrating all time high,...
CAPITALCOM:US100 chart mapping/analysis. Nasdaq 100 consolidating into key macro economic news, much like S&P 500. Trading scenarios into EOY: Bullish reaction to macro economic news = break above ~16167 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone. Bullish extension target(s) = new historical highs...
Nasdaq is almost overbought again on the 1D technical outlook (RSI = 69.937, MACD = 245.100, ADX = 36.889) but that shouldn't affect it much as it is trading on the lower band of the November Channel Up. Leg 1 of the bullish sequence that made the Nov 15th HH extended to the 2.382 Fibonacci level. As the 1D RSI is identical to that Leg and shows that we are...
Nasdaq established its price action over the 4hour MA50 again. A Channel Up is emerging, and could be a very aggressive one as the 4hour RSI is already overbought. You can buy now and target at least the 16785 ATH. If the price breaks over it and after re-testing it holds, re buy and target 17850 (+13.65% rise like the first leg of the Channel). Previous...
Nasdaq (NDX) completed the short-term pull-back we called on our latest November 29 analysis (see chart below), hitting our 15750 target and then rebounding: This rebound can seasonally be the start of the end-of-the-year rally, which the market calls 'Santa' or 'Christmas' rally. However, one last Resistance level remains before it is confirmed and that is...
I think this is the most important macro trend to pay attention to in our economic history, I see many 1930 comparisons with 2023 saying we are at the "1931" collapse point but all economic data is pointing that we are most likely at the 1927-1928 stage and crazy enough when you compare the macro trends they make the same giant symmetrical wedge pattern. Now...
DJ:DJI is fighting to stay above, hang around resistance. NASDAQ:NDX came back & fighting to chug higher as well. VERY IMPORTANT AREA for $SPX!!!!!!! Strength has subsided but it's not down yet. Could AMEX:SPY retest the highs? TVC:VIX is holding but doesn't look fully awake. Hmmm... #stocks AMEX:DIA NASDAQ:QQQ AMEX:SPY
Don't let the "fundamentals" mess with your head.. NDX has another 36% climb ahead of it, before it's next serious correction... I called the bottom of this correction quite accurately (In fact, I called it but 4 days in advance to my predicted date it bottomed... This is a text book bull flag with a measured move to the 161.8 Perfect technical...
Nasdaq needs one more high to complete yellow wave 5, right at the confluence with ext 2,00 green. Typically that means that all of wave 3 is about to complete. Next it will correct on wave 4
Double Top possibility here, expect it to be much more likely to occur if the US Dollar Index TVC:DXY moves back above the red box shown below: This has been a long-time theory - if DXY moves above the 112-114 highs from a while back, we'll see double tops across many markets, crypto and stocks. Stocks may be the first to drop as they're already approaching...
Nasdaq is pulling back today after the 1D MACD formed a Bearish Cross and the 1D technical outlook turned neutral (RSI = 54.419, MACD = 183.360, ADX = 45.724). This has so far achieved at offsetting the previous overbought condition on the chart. Technically it can be a HH rejection on a newly emerging Channel Up. This can serve as a buy opportunity either on the...
NASDAQ:QQQ chart analysis/mapping. QQQ ETF in consolidation phase after strong November rally. Trading scenarios: Further consolidation = descending trend-line (light blue) / multiple EMA confluence zone. Continuation rally #1 = top range of Fib / ascending trend-line (green) confluence zone. Shallow pullback #1 = 78.6% Fib / 200MA confluence zone. ...
The Nasdaq Future presents an intriguing chart. Following the completion of Wave 3 on July 19, 2023, we encountered a complex Wave 4 correction. Since October 26, we've witnessed a parabolic surge, indicative of the initiation of Wave 1. Interestingly, there hasn't been a significant correction resembling a potential Wave 2. Therefore, I anticipate a downward...
If this local head and shoulders topping pattern plays out on NDX, we may expect lower prices still to come, most likely involving a closure of the CPI gap!
Posting this for anyone to view to see what's unfolding here, but everywhere I look I see alarm dangerous dangerous repeats of the roaring 20s on a scale larger than I could ever imagine. I have hundreds of hours studying this ERA and although this looks great and no "Recession" what's coming is going to be much worse and change the world in a major way. The...