The Nasdaq market has been the most impulsive looking of the indices. Having stretched slightly above the .786% retracement off the move down from November 2021 highs to the October 2022 lows, price looks to challenge the overall bearish structure. Unlike the other indices, the Nasdaq shows a clear impulsive structure. However, the problem with this idea of...
Nasdaq reached the R1 (15,300) last week, a highly important benchmark as it is the March 2022 Top. Being overbought on the 1D timeframe (RSI = 71.117, MACD = 398.240, ADX = 42.100), the current correction comes as a natural consequence. The target is the bottom of the three month Channel Up. Ideally we aim at the 4H MA200 (TP = 14,600), which has been previously...
Nasdaq got rejected exactly upon touching the 15285 Resistance for the first time since the High of March 29th 2022. This is a strong sell signal and can be confirmed after the RSI (1d) crosses under the MA line. The long term pattern is a Channel Up since the beginning of March and the MA50 (1d) has been intact since March 15th, which makes the index exceedingly...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that the Nasdaq is currently retesting important previous weekly structure at the psychological $15.000 level which is now turned resistance. You can also see that over the past couple of weeks, the Nasdaq created a rally of about 30%...
🚨🚨🚨#yields🚨🚨🚨 3M + 6M have been weak lately, we called them topping some time ago. Will they turn soon? 1Y trading at recent highs and seems like it is trying to go higher. 2Yr looks like it wants to the recent test highs. 10Yr TVC:TNX peaked LONG ago! Breaks white line, downtrend, likely trades higher. Inverted yield curve thing of past? #bonds #tech ...
I like to browse through charts between different markets in the search for confirmations and correlations. One of my favorite types of confirmations is Bitcoin and the Stock Market. We know that these have been moving together but Bitcoin is leading the way. While the SPX is still below its August 2022 high, Bitcoin already broke that price... Let's have a...
The Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good. We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day. We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are...
Not sure what this company does. Candle pattern may form into something great, preempting that. RSI crazy, 50% allocation for this trade. Tight stops.
Nasdaq / US100 is approaching today Resistance A (15280), which is the High of March 2022. The pace of the rally since the start of the year has been so strong, in fact since the week of April 24th the index has posted only green weekly candles (8 today), that the 1week RSI reached a level (76.75) it last hit almost 2 years ago (on August 24th 2020). In the last...
Started building a swing position with puts and margin. Will be actively managing it. Looking for approx 20% drop from here. Markets euphoric, greed, AI mania. FED clearly signaling more hikes. Markets digesting news on a big resistance level. Trend reversal imminent. Will look to scale out on a few daily consecutive closes above red box. Enjoy.
AMEX:RSP = equal weight SP:SPX We see that volume has been very good AMEX:SPY is underperforming it & that is a good sign NASDAQ:NDX underperforming as well This means money is moving around & every one gets a chance to play AMEX:IWM TVC:RUT has legs, call that it would break out was good It also had great volume a few days ago IMO #Stocks have what...
Nasdaq is having an enormous rally since last December and the Double Bottom, with even the 1W time frame turning massively overbought (RSI = 74.522, MACD = 645.290, ADX = 53.716). The Double Bottom was formed on the Zone of the All Time High before the COVID crash. The market has filled a massive gap and this is why it has been rising so aggressively since the...
Seeing major problems unfolding in Japan right now due to the QE of Japanese Government Bonds. This is almost like a repeat of 1980-1990s Japan's M3 has gone exponential to the point some of this Yen is causing local inflation to rise. When Japan was forced to raise rates due to the Ni225 creating unwanted inflation Japan's equity market imploded and the rush...
Nasdaq has been trading inside two Channel Up patterns, one on the medium and one on the long term, which we've outlined in all recent ideas. The current bullish wave has identical measures with those of the 2nd part of March and 2nd part of January. It is highly probable with the current buying momentum to seek and complete this impulse and break over both...
We have monthly OpEx this week and futures contract rollover. Options are pointing to a move down to 4250 on SPX first and then based on CPI and PPI, a potential dump to 4150 or a ramp to 4400. Expect a 125pt move from 4300 above/below. Flip point would be 4290-4310 , can treat that as no mans land.
🔹NDX shows strong development within a rising trend channel in the long term. 🔹NDX has risen strongly since the positive signal from the DOUBLE BOTTOM formation at the break through resistance at 12042. 🔹NDX has support at 13000 and resistance at 16500. 🔹Overall assessed as technically positive for the long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB...
NASDAQ:NDX is having a TOUGH time here The RSI collapsed Not crazy about 4Hr action atm CBOE:SPX & DJ:DJI are also struggling bit here but don't look as bad as the #NDXdoes Small resistance in this area, pause time? #stocks
Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern. As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which...