looking at nas here i see a price drop incoming please remember this is 4 educational and demo purpose only trading is risky and you can loose some or all
Nasdaq has retested its previous resistance now support. We cant be greedy on the trade because we have CPI Inflation later this week
Before the FED rate hike, we set price targets of 270$ and 260$, with 270$ (and 11 000$ for NQ1!) taken out within a matter of hours and the price drop stopping 0.11$ above the 260$ price tag (before the price erased some of the losses). During the current week, we will pay close attention to the CPI print on Thursday. We expect no significant decline in the...
Please see out $VIX chart right before this #economy is TRASH #Fed is not getting #inflation under control nor is raising rates helping Nothing looks good ANYTIME soon BUT $NDX looks to be gaining some strength Can we get a 2k+ pump on #NDX into the end of the year and THEN....... $SPX shows SIMILAR possibility #stocks
$VIX is SLOWLY getting to our target level It MAY bounce around high 22's but don't be shocked if it fills the gap before it bounces #VIX is SEVERELY oversold $SPX looks ok & may keep pushing Can this do 300 points?1 $NDX forming higher low? #stocks setting up for more rally?
A long term trend line has been touched on the Nasdaq Composite This has been seen as a point of great support extending all the way back to the 1980's Price will likely bounce off this line and continue upwards This is an addition to chart below, providing support
Here we have the NASDAQ (NQ1!) chart showing some bearish potential. Last week prices closed below EMA10 and EMA21, when this happened in the past we had a strong correction. We have the MACD trending down after a bearish cross. We also have bearish Divergence with the MACD since August 2020: The RSI is also trending lower as has broken below 50 weekly. We...
We have a strong divergence between NQ1! and the RSI on the daily timeframe, then followed by a higher low (Nov.-Oct.). We have some early reversal signals. This thing can bounce/recover together with crypto. One last thing, a strong/main support has been hit which can also lead to a recovery... You can see it here: 14 Trade Ideas Predicting The NDX Crash |...
NASDAQ Weekly Volatility Forecast 7-11 November 2022 We can see that this week our volatility is at 4.42% which declined from 4.6% last week. Currently according to ATR we are on 89th percentile, and according to VIX we are on 77th percentile, indicating in both cases, that we are currently is a very volatile market. Now, based on the implied volatility data...
Here is a comparison of the main trading channels for the 1990's run up to the dot com bubble and the 2010's run up to the COVID bubble. We are currently testing the 200-week SMA and at the midline of the green channel (same place as Feb 2001). You can see the top of the blue channel (and bottom of green channel) sitting lower at around 9700, which is the peak in...
I have placed some bars patterns that show my current thoughts on the situation with the Nasdaq, it has been performing poorly on relative timeframes lately so I thought I would brighten it up a bit. These bars patterns extend well above the dominant uptrend (observable on the log trend) and more accurately show the bubble we are currently in. Big Bubble, big...
NQ1! NQ is now in Rotation zone 11730 - 10891. Weekly chart shows first higher close down bar than the previous down bar, some demand may be expected for rotational long opportunity. Possible scenarios: 1) Rotation zone 11730 - 10890: Trades can be executed at boundary of range, possible target 11345 if long. If Price didn't manage to reach 11345 or is...
Is the greatest market euphoria ahead of us? New ATH before the big bust? Traders enjoyed a 3 year Fed pivot rally, that began in early 2019 and continued through 2021. This was 3 times the size of the blow-off-top in 2006-2007. Is a Fed Pivot Rally In The Cards?
Nasdaq (NDX) is pulling-back following the Fed's +0.75% Rate Hike and a rejection on Tuesday on the 1D MA50 (blue trend-line). With the help of the RSI on the 1D time-frame, we can see that so far the whole bearish sequence since the August 16 High, is very similar to the bearish sequence that followed after the March 30 High. A striking similarity is that both...
if NASDAQ can't make 12000 plus by the end of the month I'm not holding up much hope for any recovery. 500 points in one/two days is not a big ask these days so if it can't find the strength now then I'll be looking for short singles.
Yesterday, after the CPI print, the Nasdaq 100 index made a new low for 2022 before erasing all early losses and gaining more than 2%. New lows for QQQ marked approximately a 37.8%% decline from the all-time-high value, while for NQ1! this figure was close to 37.5%. As we stated previously, we expect the market to swing up and down ahead of the upcoming FED...
So Tuesday, the high of the week? quite possibly. Wednesday, FOMC and Powell announce a 75bps rate hike. Talks down the market. Conveniently for anyone that shorted the gap fill, their target of the resting liquidity under the double bottom was realised.
Fed whipsaw may not be over yet, but it looks to me like RSI is headed to oversold. Note MFI is no longer oversold and could double dip into oversold. No long positions until RSI goes oversold, and keep in mind RTY and YM daily MFI went overbought so we could see small caps tank, not really sure why anyone was bullish on retail after the AMZN warning