RSI already hit oversold. No idea where this goes tomorrow, further oversold or just whipsaw. Market moving fast, lol.
NASDAQ Monthly Forecast Movements 1-30 November 2022 We can see that for this month, the implied volatility is around 9%, decreasing from 9.13% of last month. This is currently placing us in the 85th percentile according to ATR and 100th according to VXN Based on this percentile calculation, on average the monthly movement for the candle(from open of the candle...
$VIX is oversold already, doesn't mean can't go lower but should be viewed as short term caution $SPX has UNDERPERFORMED $DJI by a lot & forming BEARISH ENGULFING Interesting as it had BULLISH ENGULFING & broke small Inverse Head & Shoulder #stocks
hi, everyone, quick update on NASDAQ... Nasdaq will bleed, just I can say this... DXY Will start to grow up again and NDX will begin to bleed again, and as you know CPI Report will publish in the following days, I believe every thing is ready for big shorts , so do not hurry to open long positions and try to close them. I consider all analyses performed...
Not oversold yet, probably gets there tomorrow and then the algos pump the Fed Probably just staying out. Remember last Fed meeting, it was a triple whipsaw.
Purely technical in analysis and it's essentially the same trade in the Nasdaq and S&P500
NASDAQ looks bearish today, & standing at the resistance with a bearish divergence. Bearish Signals: 1. Lower high formed 1hr TF 2. Resistance at 11573 3. Bearish Trendline Resistance 4. Bearish Divergence on 5,15 & 30min TF
Open gap yesterday but MFI is overbought. Probably heading down a bit more before the gap fills.
NASDAQ Weekly Volatility Forecast 31/10 - 04/11 2022 Currently the volatility for this week is around 4.9% , up from expected 3.8% last week. According to ATR calculation, currently the volatility is located around 80th percentile. Under this circumstances the expected movement of the candle is : BEAR : 3.5% from the opening point of the weekly candle BULL :...
On Daily: price is moving in downwards channel H&S target and redline marked falls are achieved, after which price is going up There is another pattern which happened twice before, marked in yellow ovals. after reaching the trend-line support, price retraces up, and then fall again to re-test the trend-line. Here price rejected from the orange marked region....
This chart shows the periods with inverted 10y2y yields. Usually inversion doesn't lead to recession, like 2008. However the similarities with 2000 are striking. 3 Years ago we had a brief yield inversion, like in 1998. Then a second inversion occurred, bringing prices down with it. The same happens now. Half of the bubble burst occurred with yields inverted....
$NDX WEAK this entire time We did say to focus $DJI type #stocks #NDX has "hope" in Inverse Head & Shoulder We do believe it can do SOME catching up but IMO not worth to put huge $ behind $TNX seems 2b settling again #interestrates Should get 1 more trading dip b4 eoy
Risky trade if it market bouce back wait and small time frame turn bullish take the trade. Good luck
In a bullish trend, US100 is about to test a support area before an anticipated bullish rally, so S&R areas are marked for entry & exit plans.
It is like 1969, only exactly the same. (A quote Ashens would say) Sticky inflation begins Gold stagnating Cheap oil, and then not that cheap Space exploration And the following years after 1969, look what happened to: Inflation: Remained for 10 years Gold: After a disappointing drop in 1969-1970, it exploded 19x until 1979. Oil: Increased 10x until 1980 Space:...
After some other companies have already reported their earnings for the 3rd quarter of 2022, today, eyes are on Apple Inc. as it is poised to announce its own results after the market close. We do not know what the reaction will be; however, we do not think it really matters as the broad market is failing to deliver expectations. We believe it is just a matter of...
The Nasdaq was the weakest of the three major indices on Wall Street ahead of Apple’s earnings report scheduled later today. Despite a strong start, Wall Street indices snapped a 3-day winning streak on Wednesday and handed back early gains just before lunch. Weak earnings guidance from large tech companies weighed on sentiment and served as a harsh reminder that...
NQ left an open gap, I think it was because MSFT guidance sucked. When this gap fills is gonna depend on META, AMZN, and AAPL earnings. Hard to predict since the market appears to be moving more on earnings than on indicators. Good luck.