Nasdaq having a go at the key resistance again. This time off a double bottom which is one of my all time favorite patterns. See what happens.
There is not much explanation needed, every 7,7 years a recession happens. Curiously, if you expand the same chart to the past, it reaches the top of the Great Recession. So in March of 2023 we reach the top???? In 2015 we didn't have a crash. Maybe, just maybe, the 2023 crash will be a double-sized one. Since we still owe the 2015 capitulation.
It's been a while since I posted my thoughts about the indices. Watch out for a breakdown of the 12130 and 12480 levels. Around there we might see a reversal and the end of the cristmass rally. But I do not exclude the change of the trend. When all around are shouting about further falling - we should take it, I think.
Nasdaq (NDX) has been trading sideways since November 10, with the 1D MA50 (blue trend-line) as Support and the 1D MA100 (green trend-line) as Resistance. On a wide scale, this technically looks like the previous two market tops on the January 05 Lower Highs trend-line, and the 1D RSI illustrates that clearly. However, the Jul 19 - 28 consolidation within the 1D...
Okie-Dokie FOR END OF DAY 4HR: 👀on RSI breaking 50 #DJIA trading above or sub GREEN Mov Avg Daily: $DJI trading above or sub light blue line A selloff to GAP will suffice Setting up for another bump Likely trade sideways rest of year #stocks $DIA $NDX $QQQ $SPX $SPY $VIX
SHORT TERM $DJI already broke downtrend VERY SHORT time frame INTERESTING 20EMA is MORE important than trend lines atm 20 EMA = GREEN line = 20 day Exponential Moving Avg Volume is NOT THERE but can't disregard price aaction $DIA #stocks
In this concise update, we would like to reiterate that the recently introduced setup remains valid. Additionally, after the breakout below the immediate support, our price targets became active again. Accordingly, we stay committed to our price targets at 280$ and 270$ for QQQ (and 10 000$ for NQ1!). Our views continue to be based on the persistence of bearish...
Since its recent peak on 15th November 2022, the price of QQQ drifted lower by about 4%. Currently, it trades for around 282$. We continue to be bearish on the Nasdaq 100 index and pay close attention to market developments. To support our bearish thesis, we would like to see QQQ continue to hold below the immediate support/resistance. Additionally, we would like...
Nasdaq is preparing for a downward move. The major Bearish market is preparing to bottom. Use a tight stop. Trade safe
Hello peps, Ndx has formed inverted head and shoulder after taking liquidity. Possible good intraday trade.
This is series of charts but can only show 1 1/2 ALWAYS👀@ volume $DJI Late Apr/May heavy DOWN Early OCT noticed shift TURNED FULL BULL, DOCUMENTED Recently, lower volume but NO heavy SELL WHY? BONUSES - #stocks likely to trade sideways till 2023 = Lil down - lil up $VIX $SDOW $UDOW $SPX $NDX $QQQ 2/2 $DJI hourly shows nice trend 4Hr shows weakness...
Nasdaq Weekly Forecast Analysis 28 Nov-2 Dec 2022 We can see that this week, the current implied volatility is around 4.06% , down from 4.19% of last week. According to ATR calculations, we are currently on the 78th percentile, while with VXN we are on 39th percentile. Based on this data, we can expect on average, the movement from open to close of the weekly...
NAS100 NQ1! NASDAQ 2022 NOV 28 Nov Apart from the rotation long from week of 7 Nov, nothing eventful happened the last 2 weeks as NQ traded in narrow range. Holiday season has kicked in, volume expected to remain thin. Price may just slowly float upward due to lack of selling. Possible scenarios: 1) Rotation zone 11730 - 10710: Trades can be executed...
Didn't trade today and just looked at the charts. MFI actually went oversold, so did NQ. Bit surprising for a half day on low volume. No idea which way it gaps Monday, but the time to go long is when MFI gets oversold during a melt up. WE'll see what happens Monday
NDX chart on the Weekly time frame. Are market changing events that unpredictable? Can traders pre-empt the selling? If one is astute enough I think yes. I go defensive and the charts confirm with the 13/48MA cross. None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are...
The final leg of the correction is expected to end with an impulse to 8000 The decline is expected to start from 12200 on tuesday/wednesday
I see many people expecting a massive crash because the yield curve has inverted, but they forget that stocks fell as the yield curve was inverting, something that didn't happen in the previous times. Before the earlier crashes, stocks rose before the inversion and kept growing for a bit after the inversion. In 1989 stocks didn't even fall after the 10y2y curve...
I will start by sharing a Twitter poll, which shows the sentiment we are seeing now. Most think we are going lower. Therefore, the market could go higher in the short term. twitter.com I believe our target is the critical breakdown level that was never retested on the chart above. The maximum upside is the R3 Monthly Pivot + Yearly Pivot, which will most likely...