Nasdaq / US100 is pulling back after a Double Top formation at 16970.
The 1day RSI is already inside a Channel Down, much like the patterns of the July 19th 2023 and February 03 2023 Tops.
They both declined by -9.00% on average.
Sell and target 15850, which is slightly over the bottom of the Rising Wedge (Rising Support) - 1day MA200 - 0.5 Fibonacci Support...
Long Term Bullish
Midterm neutral
Short term bearish
Fibo level rejection
Divergence
Fundamental:
Fear of Inflation Comeback
Fear of less or no rate cuts by FED
Expecting Yields,Bonds auction
Nasdaq is on a bullish 1D technical outlook (RSI = 60.007, MACD = 103.260, ADX = 29.522) as since January 5th it reversed before testing the 1D MA50 and is near the R1 level (16,980). The last three 1D candles have been flat and with the RSI trading downwards (Bearish Divergence), it is a first sign of a potential technical decline. This is like the top pattern of...
Primary Chart : TSLA's 2D Price Chart with .618 Fibonacci Retracement of Decline from All-Time High to Jan. 2023 Low and Various Degrees of Trend Represented by Conflicting Channels
SUMMARY:
1. TSLA's technicals are unclear and conflicting. The trend from the 2021 all-time high remains downward until broken. The trend from the January 2023 low remains upward but...
Important Data this week
Yields
Bonds Auction
US DOLLAR
CPI INFLATION DATA
Trend:
Long term bullish
Midtrem Bullish
Short term bearish
USE ALWAYS STOP LOSS!!!! PROTECT YOUR CAPITAL!!!USE HEALTHY MONEY MANAGEMENT!!!!
Nasdaq (NDX) has completed a giant Cup & Handle pattern and since the late October 2023 bottom, it has started the post Handle rally. This rally historically tends to be a very long-term one but with its fair share of corrections to at least the 1W MA50 (blue trend-line).
As you know 2022 was the year of the Inflation Crisis (left side of the Cup) while 2023 was...
This analysis is only for my honorable followers.
Click on the chart above
and study it closely, before taking any trade today: Ofcourse if you want to win.
I will buy if these conditions hit. if one of them do not hit, the bulls will get trapped hard
30 min close above 16425
US DATA TODAY VERY STRONG for nasdaq,gold, etc
but negative for the U DOLLAR
and if...
NASDAQ TREN CHANGE
52W BULLISH49-51W BULLIH
30W BULLISH
1-20W BULLIH
Also complete green signs on lower Timefame.
CPI DATA far below expectations, that dropped US Dollar and Bonds down, while pushing up NDX
Core CPI m/m
0.2%
0.3%
0.3%
USD
CPI m/m
0.0%
0.1%
0.4%
USD
CPI y/y
3.2%
3.3%
3.7%
The inking Dollar Periode is starting now,...
U.S Equity Index’s Overview – A Repeating Pattern
The Bull Thesis – Ascending Triangles
The 200 day (blue line on each chart) is squeezing price up towards each red resistance line making each chart look like an ascending triangle (evident on every chart). With the 200 day as underside support for price and the 200 day sloping upwards, things remain...
😇 7 Dimension Analysis
Time Frame: H4
1️⃣ Swing Structure: Bullish
🟢 Structure Behavior: Break of Structure (BoS)
🟢 Swing Move: Corrective move, indicating a Point of Interest (POI) for potential reversal. Vigilance is required for a bullish reaction at this level.
🟢 Inducement: Not done yet; waiting for a proper internal bullish BoS.
🟢 Internal Structure:...
We're now getting a confirming signal that last week's top was at least a local top. Primary analysis (in Blue) however, because we did not make a new high in the SPX like the DJIA and NDX, the black (B) wave count is a valid EWT count. I do not favor the black pathway mainly due to our MACD signal, the other major indices hitting new highs, and lastly the price...
Looks like the TVC:DJI is in a short term downtrend.
NASDAQ:NDX SP:SPX & TVC:RUT all are in short term down trends which begin couple days or so ago.
TVC:VIX is at higher end of the recent pattern and it keeps poking it.
*(TOOK THIS FROM ANOTHER POST
Remember, the more something is poked the weaker it becomes
Picture paper holding a marble
Poke with a...
Contained within this upward channel a double top could form at the top of this channel, however with it being a higher high we can assume further bullish movement after the double top proceeds.
A higher high suggests there is more steam left in the run. Which evidently there is a lot of steam for the NASDAQ.
itch Ratings downgraded the US debt rating on Tuesday, moving it from the highest AAA rating to AA+, citing concerns about "a steady deterioration in standards of governance."
This downgrade happened following last-minute negotiations among lawmakers to reach a debt ceiling deal earlier this year, raising the risk of the nation's first default.
In the past, a...
This was my price prediction for QQQ in 2023. I was bullish, but not enough:
Considerations about 2024:
In the July 2023 meeting, the FOMC chose to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at mitigating heightened inflation. The prevailing consensus among market experts hints at a potential shift in...
Nasdaq finally reached our first target of 16,956.
The price then started off on a bad note in 2024.
The USD is starting to strengthen again, which brings down the general markets.
So right now, there is no definitive price analysis for the Nasdaq.
We can only expect a form of consolidation to create the next pattern before it chooses a direction.
SO...
Nasdaq (NDX) hit (and marginally broke above) its November 2021 All Time High (ATH), completing the expected Megaphone pattern we shared with you on November 16 (see chart below):
Last Thursday (December 28) the index hit the Higher Highs trend-line that started on the August 16 2022 High and can be treated as the top of a Channel Up pattern. The key here is...
