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...
In my previous analysis i posted a nice bear flag for the Nasdaq', which played out quite well at first, it broke and accelerated down towards that big support around 6600. But eventually buyers stepped in again and pushed the price up, even inside the flag again. There i mentioned that if that resistance would break, it probably meant something else is going on....
Just closed SQQQ Call options here, this is a simple trendline play, Legacy markets love using these old long term trendlines and I would be extremely surprised if we just ignored it and continued down without a bounce. I think we'll pump aftermarket today or tomorrow latest. I'm not worried about stoplosses here, just buying some call options that either will,...
In this update I layout my Elliott Wave path for the NDX. I also point out some key Fibonacci targets to keep an eye on as well.
I believe the NDX is going to have another sell off. The stock market is going to have a correction within the next two years, In My Opinion. With the interest rates staying the same for this quarter, theres a good possibility to have some more retail money push us higher.
We are in a downtrend. Fed needs to hike so in order to have ammunition for when "it" hits the fan. Wednesday we will see.
NASDAQ 100 index daily analysis by Elliott Wave Theory (Market Crash) .... WINTER IS COMING ...!!!
Keeping an eye on this pattern. You could take a high risk short from here but I prefer to take a partial short at neckline break and add a bigger size on a neckline retest fail. Will be keeping an eye on price action on a return to neckline if/when it does break. As you can see it faked a break already so would need to proceed with caution if you wanted to play a...
The breakout of the rising wedge is a clear indication of the situation. Might buy sqqq for a 2-3 week swing.
NDX Head And Shoulders, Weekly Chart, Target Price 4250!
Looking to short NDX now, all US Indexes at Overbought area, time to short ndx to 5250 is my next level.
Nasdaq has so far made a +13.55% rise from the December low, the strongest bullish sequence since the October All Time Highs. If this sequence is not a Dead Cat Bounce, then we've spotted a fractal that shows it can make an additional +8.45% rise in the coming weeks. Illustrated in orange is the December 02 - December 25 candle sequence that led to the recent...
I dare a long-term NASDAQ-100 forecast here. It's incredibly difficult to predict such things, especially in terms of the timeline. This development could take longer, well into the next year. I am very curious how it plays out.
Again you have been the opportunity to get together the best position so you can take advantage of this $45 pullback.. But will you? Consolidation sideways could take up to three more days, but i doubt it.. A little pain never hurt. Stagger in.. Trade Safe.. Take Profits.. NASDAQ:AAPL
If you think that the markets have overdone the falling, think again... either think on selling the strength, rotate to Gold or just sit on cash till some kind of intervention.
One chart says more than thousand words.