Yesterday, U.S. equities closed in the positive after posting losses early in the trading session. It was an impressive rally off the lows, with strong buying across the board. Notably, market leaders such as Tesla and Zoom were able to hold support during the decline, further cementing the bullish case for more gains in the coming weeks. This morning we look at...
NASDAQ seen on bottom major trend-line, however on previous post stock gave up gains after Fed chairman Jerome Powell speech, So now this are the multiple scenarios to look out for after any confirmation.. I say a buy now to 9150 wit due respect to BULLISH trend-line if a break upside we go 9300 downside back to 9000.. With our sell-stop just below..why? To...
I have personally prepared for a sharp collapse of the stock market, the market is incredibly overbought and there is no fundamental preconditions for growth at all. the painful wave C is approaching , watch correlations on gold and bitcoin
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Today we are looking at NASDAQ Mini Futures (NQ1!) for all of you looking to play QQQ or its derivatives. The Federal Reserve is buying ETFs, stimulus is pumping, and tech is flying with everyone staying at home. Unsurprisingly we have been seeing the Qs inch back up near all time...
The bullish count could be slammed if the S&P follows its red path. The relationship between NDX and SPX has been a bit strange since the bottom with NDX seemingly leading the SPX. In case of a systemic risk or market event, everything follows the VIX and SPX so beware.
Now here is the big story: looks like NDX is not synchronized with SPX... As mentioned in the S&P's technical analysis section of our Discord, we have no alternation within this weak impulse (W3 < 1.618*W1) and prices channel well.
No idea where this is going, if it's melting up, I wouldn't expect an EOD selloff. Looks like it tested the gap and failed...
but at the same time it's so close to filling the gap, you'd think it would do it. Note, the gap is from the original virus tank in Feb.
I think ES is gonna be easier to track than this mess that's melting up along the bottom of the old...
I dont foresee any downward push anytime soon. Some seriously tragic news would have to come out for price to dip to the lows. NFP Friday stocks and indices surged - investors didn't even bat an eye.
Could Bitcoin predict NDX?
In the past 6 months, it happens Bitcoin successfully predicts two pivot points of NDX.
It only takes 1 or 2 working days.
Now 5/7 Bitcoin turns again from $10,000 to $8,000~9,000.
Path 1: Bitcoin predicts NDX turn again (5/11) - 70% chance
Path 2: Bitcoin back to $10,000 up - 10% chance
Path 3: Bitcoin hooks off from NDX - 20%...
Look at MSFT, NVDA, FB, etc. They are all getting close to double topping and will lead the way for the next leg down soon. Price of the NASDAQ closed right on a resistance line and I'd like to think sell orders are lined up from here all the way to 9584 or so. The two arrows are the possibilities from here. If it falls, I think itll bounce on the first demand...
Markets are anything but boring, idiotic perhaps, but not boring that's for sure.
The Nasdaq is just shy of 7% from the prior ATH, despite the fact that the economy has still NOT reopened, many small businesses are in tatters, large business are hat in hand to the Fed and Treasury for bailouts AND north of 30 million Americans are unemployed.
Initial Claims:...
U.S. Markets finished up over 1% for the day, setting up an interesting end-of-week trading session. The jobs report lands tomorrow at 8:30 AM EST. and will likely determine the next trend. Today we will go over the PowerShares QQQ (QQQ) and Tesla, Inc. (TSLA). But, first I want to mention that a few days ago I posted a GLD chart stating that it was setting up for...
Follow up on the previous analysis. I did a few updates in my public channel and will continue here as well. It looks like an decisive moment here today, could give a premature answer to what the weekly close will be. In the middle we can see that trend line broke, but we didn't drop or rally. Now it seems we are moving inside of that blue channel, same thing...
