Is value coming back into play in the #stockmarket? The NASDAQ:NDX does seem a lil over extended Today is the1st day in LONG TIME that the DJ:DJI is leading and the RSI looks healthy SP:SPX is over the 50% Fibonacci AMEX:RSP (Equal weight #SPX) has chance to perform here Let's see if the breadth of #stocks gets better
Nasdaq / NDX / US100 is near the top of the 6 month Channel Up. Since the middle of that pattern, it started to form a narrower Channel Up. So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous. The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of...
The chart is self-explanatory, discending channel, weak support and triangle pattern, when NYSE open i expect a break to the downside.
6 Month is still pumping & more overbought. This is the only one still moving higher atm. Serious divergence! 1Y surpassed the #bank collapse highs . 2Yr Stopped 50bps away from highs. 10Yr forming lower highs (the top was put in LAST YEAR), down channel & the long trend has been broken.
NVDA hit 1 tri cap and it lasted just one day. It happened with Apple at 3 tri cap. Top is in? Price action do look somewhat bearish, with price capped by the PZ, could see a visit to the BZ. If so, looking for a possible bounce.
Short term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below...
Nasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h). The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci. The long term pattern remains a Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 15100 (marginally under...
Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and...
So i mixed this one with volume + Gann box (volume calculated from other platform) interstingly they are match they say the same thing levels and direction movements this is it guys time will the tale i just told you, you will see.
Similar to SPX, as mentioned, US is open today; look for the reaction to the debt ceiling deal news. But with price below PZ, look for a move lower, with 14249 as a level of interest and a possible lower target of 14187.
this is overobughjt and on fib go all in short free 400p, be careful for some bullcrap momenent tmrw maybe to 14500 so risk mangement is key but keep a short until it goes down to 14000, i want to se 13600
Here's my view on Nasdaq Futures on Daily Timeframe. Elliott Wave is high subjective, i will post if there's a new update on my perspective. Trade safe, Everyone! Cheers
#stocks Everyone is currently awaiting the approval of the US national debt increase and, for some reason, they think it's very bullish. But why isn't it? The S&P index is essentially stagnant, while the Nasdaq is growing. However, this growth is driven by the seven giants, and if they are removed from the list, the Nasdaq has only grown by about 1% since the...
🔹NDX shows strong development within a rising trend channel in the medium long term. 🔹ND has risen strongly since the positive signal from the double bottom formation at the break through resistance at 12042. 🔹There is no resistance in the price chart and further rise is indicated. 🔹RSI is above 70 after a good price increase the past weeks. 🔹High RSI may be a...
NQ - W Set up Double bottom set up, as long as it stays above 11400/500 areas as support. We are at current resistance that has been tested multiple times break above 12 1/2 I expect 13 1/2 and perhaps 14200/300 areas. We did have FOMC and nothing new has been changed imo rate hikes continue.. Key tip: Higher time frame, less emotional attachment Enjoy,...
Hello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level. You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are...
complete failure of proposed idea 🤣 Ongoing anal: until ES/SPX breaks out above 4300 and holds, I expect that we get more of the same: Tech and Semis, insomuch as they relate to AI, headed higher, while the rest of the market lags. However, there are hints of signs that the market wants to challenge the status quo and move higher, but more work is to be done.... BoLTA
$NQ Tagged gap from April of 2022 more than 1 year later