Looks legit. $SPY $IWM $SPX $NDX $VXX $GLD $SLV
As you problably know : the following week is the famouse witches sabbath. Hedges and investors sentiment are pretty bad, market are like a glashouse. Just a stone and anything will fall apart. Watch the shocking insider selling today cnbc.com/id/15839243 To watch : Fed decision, iranVsUs, Italia vs EU, China vs US, Debt. Big companies in Europe a...
I called the last bottom in dec 2018, let's see if I can get this one right. Buying at 7126 / Closing 7300ish Strong indication of a bounce this week, I'd bet you could throw 1/3 your stack here at 7120 and 1/3 at 6950 and you're nearly guaranteed to break even at worst. The Mexican tariff news is BS, no way it's enforceable, it's going to take 1 tweet from...
We have a rising trend, Stochastic in the correct range to open a positivity on the NASDAQ, Ichimoku indicator supports further long-term gains, and if we finish a green week it is a positive sign after the star-candle
Let's see if this trendline will hold, volume is declining which is not very positive for the bulls. Small short, should scale more if we see reversal as that would mean bear divs on rsi, macd.
For newcomers, check my last few charts, I'm currently 3 or 4 in a row for solid wins/predictions. AUD/USD was the weakest but I believe that has more to do with fundamentals and Australia lowering their interest rate which devalues the currency. The original bounce itself on AUDUSDwas great though. Just closed my shorts from 05/05/19. I originally had...
Bearish targets: 7500, 7476, 7460, 7416, 7376. Bullish targets: 7568, 7603, 7637, 7684, 7715.
Rally in Nasdaq (NQ_F) from December 26, 2018 low remains in progress as an impulse Elliott Wave structure. An impulse structure consists of a 5 waves move. Wave ((4)) of this impulse move has ended at 6965.57. As the chart shows, after forming wave ((4)) low, Nasdaq has rallied higher and broken above March 4 high at 7211.5, confirming that wave ((5)) has...
New Nasdaq Setup, Let the profits run!
At end of today we have these situation: One the one hand Nasdaq is trading in a new long channel (here support in blue line and resistance in red line) BUT as you can see i have taken in the new resistance at 7170 which comes form the high of 25.2.2019 and at the end of today trading the last hour has exact set up to that level and comes back from that...
Nasdaq has won the fight against the bearish orange Short trendline at the moment. So its no longer a short situation. At the moment the bears and the bulls seems to be equal in power. Its Neutral statement. The Alternatives i have mentioned in the last published Next check will be at the end of the day
NASDAQ has a Smash Day Today and broke the big long trendline which is now resistance line. Thats the reason trend is Neutral now. Maybe we have a retest of that orange line that could be used as starting a short postiion. Maybe we have a direct fall throught the support lines at 7080. Here has established right now a new lower long trend line. I have marked...
We are in long modus now again. But at its high (few minutes ago) you can see we are exactly at new added resistance line from 25.2. Lets check whether we can break that. But at the moment situation is long.
In the previous analysis, we had an almost perfect bearish wedge for the Nasdaq'. It broke the support and dropped a bit, but it got pushed up again making even a new high. So my assumption now is, it's simply a short squeeze, the ones who bought it up in the blue circle. So, normally it's safe to assume that if that blue support area breaks, that we will see...
Nasdaq has been on a very strong 1W Channel Up since the December low rising non-stop with a few -2% - 3% pull backs along the way. With 1D approaching the overbought territory (RSI = 66.984, STOCHRSI = 99.464, Williams = -13.166, MACD = 117.170, Highs/Lows = 51.8085) a strong sell signal emerges at 7,225. As seen on the chart the rejection levels are roughly...
I posted this wedge a few days ago in my US indices analysis. Looks like this wedge might brake today. If we see a good push down below the wedge, it could be real and that the (temp) high might be set now
Here we can see the September high and the current high, both times the Nasdaq was having a very hard time to make new highs at the end. My previous post on the Nasdaq, where i showed a potential double top, has not been invalidated yet. This is because that double top has formed into a bearish wedge. So unless we see a strong break up coming days, we will get to...