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...
The Nas100 is at an important cross road after the close of the monthly candle of September 2022. The manner in which the monthly candle has closed may indicated that the Nas100 just gone from bull
and now into an official bear market according to price behaviour. We can also see that price has created a change in market structure by means of a new low, which...
On the H4 chart, the overall bias for NDX is bearish. To add confluence to this, the price is below the Ichimoku cloud, indicating a bearish market.
Looking for a retracement sell entry at 11439.38 where the 23.6% Fibonacci line and -27.2% Fibonacci expansion line is located. Stop loss will be set at 12062.52, slightly above the 38.2% Fibonacci line. Take profit...
Recently, we warned that the market was likely to bounce after making new lows. Subsequently, that occurred, and the Nasdaq continuous futures rose approximately 7% from their lows. So now, we are again turning bearish on the index in the short term.
Our views, like previously, are based on a combination of fundamental and technical factors. We expect these...
2degreez here. I am now eyeing the S&P500 2week 20ema/50ema Bear Crossover
It has historic significance as does the prior Weekly 20ema/100ema Bear Crossover that I have published previously.
This video shows a quick look back at the prior historic 2week 20ema/50ema bear crossovers and the subsequent moves down.
I also take a quick look at the NQ100 and how it is...
NDX: at a crucial region of weekly support. breaking this area will push the price towards daily support, and the H&S target level as well.
bearish divergence was also found.
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Based on the upcoming fundamental news such as Non-farm Payroll (NFP) today and CPI news next week, I would think NQ would be bearish with higher probability to follow yellow path.
I am hoping i was wrong, but given the recent geo-political news such as OPEC+ is reducing the oil output, it will drive price of goods to continue to go up, giving more pressure for...
Nasdaq has been trading within a Channel Down pattern since the short-term High of August 16 that was rejected on the 1W MA100 (gray trend-line). The minor rise at the start of the week has turned sideways as it approached the top (Lower Highs trend-line) of the Channel and the market prepares for the Nonfarm Payrolls today.
Based also on the 1D RSI structure,...
NASDAQ - 21h expiry - We look to Buy at 11300 (stop at 11052)
Buying pressure from 10840 resulted in prices rejecting the dip.
The reaction higher is positive and highlights a clear reversal.
We look for gains to be extended today.
Further upside is expected although we prefer to buy into dips close to the 11300 level.
Our profit targets will be 11872 and...
Primary Chart: 11-Month Downtrend Lines, Support at June and September 2022 Lows Forming Right-Angled Triangle, Fibonacci Levels
The Nasdaq 100 ( NASDAQ:NDX or NASDAQ:QQQ ) has been in a sharp downtrend nearly all year with intermittent bear rallies that have been sharp and powerful. A week ago, despite price having already fallen significantly from August 16,...
Nasdaq (NDx) has been trapping retail investor for multiple time in the past.
Case01:
In Nov'21 the benchmark index holding 15530 key level of support and with 3rd time, it marked a low at 15162 and retail investor thought "THIS IS A BEAR TRAP" and our stoplosses got it and market is going up. "LET'S LONG" and we saw market going down by 18%
Case02:
In...
We spoke a lot about this chart in last week's SMW video and our preferred scenario for today would have been a market puke and a VIX spike, but as we often say, the market doesn't care what we want.
We talked about the June lows as a key line in the sand going forward and the market is trying to make us believe that it wants to be above it. The action today was...
