I think the market is due for a 10-12% rebound in the next 20 to 25 days. Then, the $NDX will face resistance between 12,200 and 12,500 and will pullback for an 8% to 10% over 8 to 10 days Then, there will be an important point in the market: 1) Do we go back UP and reverse this bear market OR 2) Crash down another 20% We will see! Cheers,
Tech stocks rallied to rip the face off the retail shorts as the $USD and bond yields got slammed lower to end the week. Too soon to say if there will be much in the rally yet.
After a monstrous rally of 152% off the 2020 COVID low, that NASDAQ is now only 7% above the pre-COVID ATH on 2/19/20. You can see in the chart that the correction has bounced on but ultimately lost all of the major trend lines since 11/22/21. It currently is at one of the last major support lines. You can see the big rally last week was a major test of the...
Bullish divergence and looks like we got a full 5 waves down complete. Move similar to July may be starting. 267 key support $NQ_F $NDX $AAPL $MSFT $AMZN $SOX $ES_F $SPY $SPX $TLT $TNX $VIX #Stocks 📈
In a bearish trend Nasdaq has defined it's new lower low & now on the move to form a new Lower high. I'll take a short entry if the price rejects from defined S&R areas.
Our Nasdaq trade hit the first target... The price is remaining in the downtrend, but the RSI is breaking above the downtrend and is showing possible upward momentum. It's too soon to decide the next entry point, but we remain with a bearish bias as long as price remains below the downtrend line.
The Nasdaq Index (NDX) has been pulling-back since Tuesday's (Oct 18) Lower High and is once again on its 4H MA50 (blue trend-line). What can be the difference maker here is the RSI on the 1D time-frame which has been trading on Higher Highs/ Higher Lows (Channel Up) since October 03, while the actual price action has been on Lower Highs and Lower Lows (Channel...
The bullish trend is broken now, so I'll try to short after Lower high formation which is expected to form at the given price range.
This might be good buying opportynity as price showed bullish reaction at yearly floor - S4. FOR EDUCATIONAL PURPOSES ONLY
Nasdaq/ QQQ Weekly Volatility Forecast 17-21 October 2022 We can see that currently the volatility is around 5.11%, falling from 5.3% of the last week. At the same time, its currently place on the 85th percentile based on the ATR calculations. With this in mind, around this percentile, we can expect an average weekly movement from the open price of the candle...
hello, my name is ir00 and this my first idea on trading view my analysis are mainly based on fundamentals. This idea is my point of view for upcoming short to med term Wave Hope you enjoy it, have a nice weekend.
NAS100 USD NQ1! NASDAQ 2022 Oct 17 Week Very good channel support long and short from 11035. Price still adheres to the downward channel. Short preference remains. Possible scenarios: 1) Long on temporary retracement / channel support 2) Short on channel resistance 3) Short on test of break on breakdown of channel support / 10305 Weekly = Ave vol down bar...
MFI hit overbought right before open, my indicators work like magic, lol. No compelling reason to go long on anything today, and like I said yesterday if you plan to buy and hold just wait until next year. I stayed cash in my 401k for 2 years in the last recession, missed the bottom but still way better off than if I had held. On the next bounce, I'm gonna...
Nasdaq (NDX) is extending the Channel Down that started on the August 16 2022 High, making a Lower Low yesterday. With the assistance of the 1D RSI, we have spotted a recurring pattern that has already played out two times during this Bear Cycle since the start of the year and is currently forming the third one. As you see, every such Lower Low sequence, made a...
Which Bull Cycle is market correcting? Answer to this question shows us where MAY be a good point to buy the dip with open eyes and how to be prepared for alternative scenarios. As shown and explained on the charts, there are three alternative scenarios for now and all of them are valid although they have different probabilities. : 1. Best case...
top of envelope is typically a pullback level when estimate is changing directions. sss ma is resistive and supply zone is sinking. i wouldnt be surprised to see a pattern similar to the ghost feed.
Is this the bottom? A massive 5.5% bounce from the .61 fib typically associated with a reversal move. Market normally bottoms before and during the recession and we will soon be officially in one. IS THIS THE BOTTOM??
Current price action suggests test of 20 day SMA after finding support at the bottom of the channel and touch off the 200 week SMA (see my other posts on 200 week SMA). The new bullish counter rally is not really confirmed until it can hold above the 20 day and break the blue trend line. A bullish sign would be to break out, retest the 20 and the trend and then...