#NASDAQ100 Testing Parallel Up Trend for the fourth time. I expect this to break this week or next. We are entering a seasonal bearish period, also we have been in a up trend since March 13th. The 150 day moving average will be a great opportunity to start buying.
UHS has developed bullish divergence at a key point forming the third rising valley. Trade has stop below this valley as if it goes lower the whole argument is defeated.
The outlook remains unchanged supported (biased) by similar patterns that I see in precious metals that chose to correlate with US markets thus far.
Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you...
🔹Index achieved 35137 after breakout Rectangle formation. 🔹Supports 34200 in NEGATIVE reaction. 🔹Technically POSITIVE for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
🔹Index shows NEGATIVE signal from double top formation, broke support at 15426. 🔹Signals further decline to 15057 or lower. 🔹Supports 13600 and resistance at 15800 🔹Technically NEUTRAL for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head...
M Formation has formed on Nasdaq after a stellar uptrend. It's normal for the market to dip and for the buyers to bank their profits. I don't think the downside will be strong and powerful. So my first target is only to 14,314. We will then most likely consolidate, move sideways and then head up. But you'll be the first to know.
Nasdaq is approaching the MA200 (4h) which is untouched since May 4th. This is the natural technical Support that rests now exactly at the bottom of not only the recent Rising Support but also the 5 month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 16500 (Fibonacci 2.0 extension, same as July rally's target). Tips: 1. The (4h) MACD...
As markets surge against expectations, many are starting to believe that the impossible might unfold. The unusually low fund allocation to equities reflects a market sentiment plagued by fear, yet mega caps are continuing to rise against expectations, making some investors feel left behind. With GDP figures beating expectations and headline inflation plummeting,...
No clue what these people do. had a great long off the lows. got my hand burnt shorting, but positive profit so far. Buying here, small size, no stop. Not advise
Do read the notes I put for DAX and SPX but for NDX, basically, overall still bullish (or so it seem with trend up), looking to buy the dip, if it dips, but sell is coming, as updated in the group. Stay tuned.
How #indices closed last week. TVC:DJI After a BEARISH ENGULFING it then closed Friday with a doji = battle for the bulls and bears which is unresolved NASDAQ:NDX Fighting back but it is still showing Negative RSI Divergence. SP:SPX Suffering from Negative Divergence. We''ll how #SPX trades over the next few days, weeks. AMEX:RSP (Equal weight) was...
Finally I got the courage to publish it... There I said it! :D
15800 was a key resistance and we got a almost 400points sell off from there. TBH, the daily candle is bearish but did not clear previous low; thus it might not be so bearish? But plan for today would be to look for a possible rejection off 15625 for a move lower, possibly to 15333. But as mentioned, the BOJ meeting later would likely be the main driver for the...
Barely more than a week we stated that RISK in #equities was INCREASING. We also gave our thoughts on some #indices . Let's see what has happened since that post: NASDAQ:NDX has cooled off - check TVC:DJI pumped since then - check Likely topping out short term here though. TVC:VIX has been trading sideways - check Does seem like it's beginning to gain...
Nasdaq got rejected again on the 4H MA50 and as the 4H timeframe turned neutral (RSI = 49.851, MACD = -15.090, ADX = 34.425), it is highly likely to see the index entering a consolidation/ accumulation phase similar to April's and June's. Depending on its length, it may even create a new, less aggressive Channel Up. The key for the uptrend to be maintained is to...
15575 given yesterday gave a good short for 60 points to BZ before it went higher. Not going to repeat the same story here as what I put for SPX but looking for a possible pullback today from the PZ. It will be more of a move during European/US session before FOMC. If we do get a sell to 15385, will be good for a long before FOMC.
Nasdaq / US100 continues to trade inside the Channel Up pattern of the last 6 months. The price is staging a rebound just over the 15280 former Resistance and if it holds, that will be the final phase of the bullish leg that aims at a new Higher High of the Channel Up and will inevitably challenge the All Time High at 16790. The last two rallies achieved runs of...