The anatomy of these two bodies are identical. The murderer the same. The "plateau" that was shaped in 2004-2006, is identical to 2018-2020 The chopped off head exactly the same. Traders in 2008 had no clue (?) what would happen. (I doubt it, many knew very well what was happening) Now that we have a direct counterpart, and a not so distant one, comes the...
For the first time, ever, as a species, immortality is in our reach. Oops forget it, this is from another script. For the first time, since quite some time, NDX's RSI is almost ready to: Close below 50, retest 50, and drop below it yet again. Only 10 days for it to change its mind. Maybe the point of no return is long-gone... Tread lightly, for this is hallowed...
Please read to the end, for a probable explanation that falsifies this one. We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical. Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused...
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Look for $SPY to unravel over the next few weeks with a $VIX spike that sends it down to $291. My analysis is that ~290 is the completion of this bearish cycle. It also lines up with support established in 2018 and 2019. Down there is a long term buy, but it really could go as low as 155 in an extreme bear case (would need further exogenous shocks in the...
Our last post on the Nasdaq index outlined our bearish stance on the general stock market. Today will be no different, and we will reiterate our grim opinions and provide more thoughts on the latest developments in the market. Since our last article, the Nasdaq index continued to drift lower; meanwhile, QQQ reached our price target of 280 USD and halted its...
in my opinion nasdaq has a great uptrend for a couple of weeks, to 14000 but be careful after this up , we have great down again good autumn and bad winter maybe
SPX daily chart with long term Regression channel, 3405 days, with +3/-3 stdev bands. The Comfort Zone is the reddish area located between +2 and 2 stdev, where at least 95% of price occurrences should occur. This chart shows that the uptrend that started on June 16 failed to break above the +1 stdev line. The mean served as support and allowed a small bounce...
SPX daily chart with long term Regression channel, 3405 days, with +3/-3 stdev bands. The Comfort Zone is the reddish area located between +2 and 2 stdev, where at least 95% of price occurrences should occur. This chart shows that the uptrend that started on June 16 failed to break above the +1 stdev line. The mean served as support and allowed a small bounce...
Recently, QQQ reached our price target of 290 USD. Therefore, we would like to update our thoughts on the asset. We continue to be bearish due to the persistence of fundamental and technical factors. Indeed, we think the U.S. stock market will continue lower. Accordingly, we maintain the price target for QQQ at 280 USD. Our price target for the Nasdaq 100 index is...
315 has been a very strong resistance to break for TSLA. On the chart you can see that the top box was built from the top of the breakout gap of Oct25,21 and the pivot point high of Nov4, 21, then we cloned it to establish the bottom box whose floor was the target of the correction, which was met to perfection. Last Friday TSLA broke below an almost symmetrical...
NAS100 USD NQ1! NASDAQ 2022 SEP 26 Week Hope you liked the short for NQ last week. Temporary demand has returned, with price now at demand line of channel. We may see the formation of rotation area 11068 - 13587. Possible scenarios: 1) Long if channel support / 11068 is supported 2) Short if price rejected at dotted trend line / channel's supply...
Seems Equal legs from the top of ((3)) will reach 8000 in March 2023 to complete ((4)) and then finalize the ((5))
Is this another bear market rally? or just we are at the early stages of new massive bull run? Since hitting 10565.14 low ( which was in 0.5 _ 0.618 Retracement zone of previous major rally from pandemic low to ATH ) , IXIC has started a promising rally for bulls. Is this low market's bottom? It might be, but lets review a contradictory yet valid scenario...
Althogh NASDAQ100 is up more than 5% this week, it is still down 23% YTD..! and 25% down from its all-time high..! But detecting these symmetrical mirror view move helped me and my follower to capitalize on them nicely..! Some examples: (I did not publish any of these posts publicly) QQQ: Sep 5th, TSLA: Sep 6th SOXL: Sep 6th NVDA: Sep 7th ...
The result of today's US economic news, Fed Interest Rate Decision Actual: 3.25% Forecasted: 3.25% Previous: 2.50%, exhibited bullishness for the US dollar as the rate increase was higher than the previous amount. Stocks slumped and so did all other major currencies other than the greenback. The Nasdaq and S&P500 dumped significantly while the DXY dollar strength...
Well, I went to lunch thinking the market wasn't gonna do much more and then it tanked, lol. I don't think it was the algos selling off today, I think it was actual stock selling. NQ MFI barely moved. Powell keeps crushing the market, so I think the market is toast. Doesn't mean you can make money off of puts every day. Wish I was paying attention though...
Tomorrow the US will be holding a very important economic event, the Fed Interest Rate Decision, Forecast: 3.25% Previous: 2.50%, will be one of the highest volatility events that we will see this year in the market aside from other US interest rate decisions, as it will bring enormous shape to the market. A 0.75% rate increase is expected though a 1.00% rate...