SELL NASDAQ100 until primary support line around @7794. Around there price could continue to the daily support or reverse back up to the primary resistance @7982 in order to form a double top reversal.
Despite Friday's fairly strong pull back, Nasdaq still approached last week the 8,027 All Time High after a very aggressive rebound on the 1D chart (MACD = 50.350, Highs/Lows = 51.7055) since October 2nd near the 1D MA200 (orange line). Having almost made a Double Bottom then, the annual pattern (2019) resembles that of the 2016/ 2017 period. Not identical 100%...
After completing a huge move of 6.70% up from the lows and forming a wedge within a valid 3 wave bear flag price is at a key area right now. While a small move up is still possible the probability is lower. This agrees with GBPUSD analysis.
One more push up has done little to change the structure. The structure now has formed a rising wedge within the Bear Flag.
Biggest threat to the Economy and Markets. Rising flags resolve themselves to the downside once the structure has been validate with 3 confirmed waves. Wave 3 requires an established reversal hook to be considered valid. Market closed prior to revealing its intentions point C. Break of trend does not look promising. If confirmed a 6% decline is likely in the...
Broken yellow trendline and still below.
Since the NASDAQ has been on an uptrend we have been looking for it to reach the 8000 areas again,now that has happened OANDA: NAS100USD has broken the area of high resistance to only have a pullback to the 7878.9 area, then it continues with its upwards movement, I am looking to go long on this position up until the level 7981.00 area.
NAS100 Rejected and closed Under the 78.6% FIB Target--- 61.8% FIB
Nasdaq has just crossed above the 1D MA50 on a very bullish technical outlook (RSI = 58.618, MACD = 2.240, Highs/Lows = 131.2143). The index is repeating the 2018 bull trend with the Highs and Lows price drops almost identical. As a result we have calculated the next High to be at 8,300 and this is our medium term target. Note that this comparison has been very...
Short Sell. Let's see what happens? PLEASE DO NOT FORGET THAT NASDAQ100 IS VERY SENSITIVE TO FUNDAMENTALS NEWS Meaning that anything involving Trump affects the movement dramatically, and right as of now Trump is about to have a meeting with CHINA.
Almost becoming a standard for the stock market to bounce right back up again after some bad bearish news and price action. This time there is a chance things might be a bit different though. On the left it looks like there is a real resistance zone now inside this bear flag. I have not posted much about these markets, because the noise has been extreme past year....
This weekend will be a real test for NASDAQ. If Nasdaq is able to establish itself properly above the resistance line at 8155, the potential for the rise will be large. The technical data (Trend, Ichimoku Indicator) supports further gains. Target: 8341.
What happened if NASDAQ has: 1. Double Peak 2. H&S 3. Bearish Wedge The answer is short. Back to my VIX study one week ago which showed a bullish divergence, I expect more drop in S&P500 as well as NASDAQ, too.
Next short. We have officially run out of room. $SPY $IWM $VXX $TLT $NQ_F $BA $FB $AMZN $AAPL
Nasdaq is currently pulling back on 4H (ADX = 31.230, Highs/Lows = -6.9555, B/BP = -62.1072) after the relentless run at the beginning of June. This pattern is identical to January - March 2018, when after the current pull back was completed a strong +8.60% rise took place. Our medium term TP is 8,000. ** If you like our free content follow our profile...
Nasdaq Futures (NQ_F) shows a higher high sequence from June 4 low, favoring further upside. Short term, rally to 7600.75 ended wave (1) and pullback to 7421.48 ended wave (2). Wave (3) rally is in progress as an impulse Elliott Wave structure. Up from 7421.48, wave ((i)) ended at 7536 and wave ((ii)) pullback ended at 7477.75. Wave ((iii)) is expected to end soon...