Nasdaq (NDX) broke above the 1D MA50 (blue trend-line) and has almost reached the top (Lower Highs trend-line) of the Channel Down pattern that started after the July 19 High. The 1D STOCH RSI Bearish Cross suggests that this is a sell opportunity on the short-term at least, towards 14900 (0.5 Fibonacci retracement level).
But what if this is not a Channel Down...
Nasdaq / US100 is about to hit our second target (chart at the end) as it is approaching the Falling Resistance.
Our strategy was purely based on the identical patterns of July-August and September-October.
The index is close to a 4hour MA50-100 Bullish Cross, signalling the end of this uptrend.
We estimate a peak no more than 15350. If accompanied by a 4hour...
In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below...
TVC:NDQ has traded back above the NECKLINE (from Head & Shoulders Break down) - Amazing!!!
DJ:DJI has not traded above and neither has the $SPX.
In this chart we see the SP:SPX illustrating the resemblance to 2022.
We've been showing this chart for some time now.
It's amazing how similar they are trading.
AMEX:TYD is running today (leveraged bonds ETF)...
Nasdaq is on two conflicting patterns on the short and long term. The Bullish Megaphone that drove it out of the Bear Cycle after the late 2022 Triple Bottom is still holding and closed last week with an emphatic rebound but at the same time so is the short term Falling Wedge that started the correction on the July 19th High. This conflict and medium term balance...
10/09 Weekly Plan. NQ Futures December NQZ2023.
Weekly Pivot is 14,988 [13D balance HB zone
Targets
15,151 9/20 gap top + 10/6 spike top
15,361 9/18-9/22 weekly vpoc
15,514 prior 5D balance half back
Targets
14,816 250% extension of 5D balance break down
14,628 13D balance zone low
14,526 6/8 gap bottom
Now trading at 15,020 NQZ
Alerts:
You...
I'm writing this article, because of the striking resemblance with Today's oil and the one that has been a lot of times before..
I believe that history repeats itself, and there are lessons to be learned. And since this boom and bust cycle are not new, it might also provide some understanding on where we are heading.
I hope you enjoy.
The time of dinosaurs
In...
Something a little different today.
Was looking a some stock ratios and decided to regress the standard Russell 2000 against the risky technology index, the Nasdaq.
This RUT/NDX ratio has been inside a Channel Down since the Dotcom Bubble send it sky high, collapsing the tech sector.
The Channel Down has never been broken since and made a new Low this...
Nasdaq is rising after the price found Support at the bottom of the Falling Wedge.
It is approaching the MA200 (4h) but the technical Resistance is inside the 0.618 Fibonacci level and the Falling Resistance.
Trading Plan:
1. Sell at 15170 (Fibonacci 0.618).
Targets:
1. 14900 (pull back to the MA50 4h).
Tips:
1. Only a crossing over Resistance (1) can restore...
Based on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
One of the major mistakes i have seen economists make is to not understand
the importance of markets. They are not traders or investors. As such they
lose a great deal of insight by not putting their hard earned money at risk.
I have indexed XLU AND NDX to get an accurate reading how they are behaving relative
to each other. One of the many great features of...
Nasdaq (NDX) has been on a 3-month correction since its July High. No need to mention that this High almost touched its All Time High (ATH), almost recovering in less than 1 year the value lost in the Bear Cycle.
** 2010 Higher Lows and Megaphone **
The Higher Lows (dashed) trendline that has been in place since 2010 after the recovery from the 2008 - 2009...
Gold declined marginally by 3% in September hitting its major support of 52 weeks SMA, in the face of higher long term Treasury yields TVC:TNX and a stronger Dollar index TVC:DXY .
Sentiment remained weak for most of the month as ETFs continued to lose AUM while COMEX managed money net long futures positions fell to a five month low previously in August...
Good Morning!
Trying to get an idea of where #stocks may go. IMO bias is up BUT we cannot be deterred by biases, can we?
TVC:DXY
4Hr is showing weakness.
Circles = moving avg bear crossovers.
We see the quick drops BUT they RECUPERATE hours later.
The 2nd chart shows DAILY vs 4Hr.
Makes it easy to see how decent the drops are.
TVC:DJI TVC:NDQ SP:SPX
Nasdaq (NDX) recently broke below the Higher Lows trend-line of 2023, the trend-line from the start of the year that has been supporting the strong recovery. This created the conditions for further decline, especially since the 4H MA50 keeps the price action below it, but so far Support 1 (14430) is holding.
The above levels are those we will use as break-outs. A...
Bear rallies tend to be the MOST FURIOUS!!!
Be careful but take ADVANTAGE!!!
SP:SPX upcoming resistance @ 3 areas:
4280
Moving avg is a little above that (weakest resistance imo).
MAJOR = 4330 (it closes above this will post further levels).
Keep an eye as the RSI closes in on 50.
#stocks DJ:DJI TVC:NDQ TVC:RUT TVC:VIX TVC:DXY TVC:TNX #GOLD #SILVER
TVC:DXY on left in all charts (only DJI shown here)
DJ:DJI & CBOE:SPX & TVC:TNX on right.
Short term we are badly due for some sort of relief rally, we nibbled in this area AMEX:UDOW AMEX:SPXL
Not sure how high this can go so we have been nibbling and will sell in tranches.
#stocks TVC:NDQ AMEX:DIA AMEX:SPY NASDAQ:QQQ
