We were looking for the wave 4 to start on Wednesday, it started on Thursday.
A move on Friday blew all the resistance we had both on SPX and NDX!
NDX should make another high after a pullback Monday am.
For more and weekend update, follow the link in my bio
Last week we looked into Nasdaq (NDX) from a 1D perspective, giving emphasis on the important of the 1D MA200 and 1D MA50 as Supports, giving emphasis on the Pivot Zone involved since September:
It is important now to show you why this level is important for the long-term, this time on the 1W time-frame. As you see on the current chart, despite last week's...
The main resistance is at 12805 to 12900
There is an extension to 13500, in case it wants to extend.
Biden is travelling to Poland on the 20th, and it's a long weekend.
There are some rumours about Poland attacking Belarus before the 25th.
Something big is coming from now till July of this year.
This high in Feb/Mar might be "the high" for the year...
Have a...
Nasdaq (NDX) broke above its 4H MA50 (yellow trend-line) today but following the U.S. CPI (higher than expected) is giving up the initial gains. We are closing the buy we made last week (as shown below) exactly at the short-term bottom on the Higher Lows trend-line in order to secure the short-term profit:
A closing below the 4H MA50 will be the first sell...
Nasdaq (NDX) broke yesterday below its 4H MA50 (blue trend-line) and is testing today the Higher Lows trend-line that started on the January 06 Low. This is the buy entry with the highest short-term probabilities of success. We clearly outlined this solid buy level on the 0.618 Fibonacci retracement level in our analysis last week:
As long as the Higher Lows...
While the NDQ/DJI, itself, represents a significant trade opportunity here, even more notably, a number of the index components display remarkably skewed "Greeks"! (For example, APPL-GOOGL, CAT-PEP, TSLA-BA, etc..) E.g., It is a rather strait forward process - at these levels - to assemble baskets of stocks (Long) in each index (Short) with rather juicy, +30%-40%...
Nasdaq (NDX) closed last week above the 1W MA50 (blue trend-line) for the first time since the week of January 10 2022, so effectively for more than 1 year. On this analysis we diverge from our usual 4H - 1D time-frame analysis such as the recent one below, and look into the bigger picture on the 1W time-frame:
Having broken two weeks ago above the Lower...
Might still consolidate into early next week
It's a full Moon tomorrow, and markets like to top or bottom at or near the full Moon.
We def got the high here today and yesterday.
Nasdaq (NDX) is pull-back following Friday's high. This is nothing more than a technical 1-month pattern which, supported by the 4H MA50 (blue trend-line) is posting rises around +6% and pull-backs around -3.5%.
The 4H MA50 is currently a little over 11800 and a -3.80% pull-back (max on the pattern) can make exact contact with it tomorrow. With the Higher Lows...
News are not the best for Nasdaq (NDX), at least on the short-term, as it got rejected a little over the 1D MA100 (green trend-line) and below the January 05 Lower Highs trend-line (Bear Cycle Resistance) and the 1D MA200 (orange trend-line). This marks the end of our buying trade as we called it on our previous post (January 04):
Right now we see, at best a...
So i mixed this one with volume + Gann box (volume calculated from other platform)
interstingly they are match
they say the same thing levels and direction movements
this is it guys
time will the tale i just told you, you will see.
Nasdaq (NDX) hit last week and is so far holding the top of the 10500 - 10750 Support Zone, that has been in effect ever since the October 13 Bottom. As you see, the index has been under the Bear Market's Lower Highs trend-line since January 05, so essentially for a full year. The last rejection on it (December 13) was also made just below the 1D MA200 (orange...
The Nasdaq index (NDX) rose yesterday aggressively after the lower than expected U.S. CPI but got rejected exactly on the 1 year Lower Highs trend-line (started on January 05), just below the 0.618 Fibonacci, as we showed on our analysis 2 weeks ago:
As you see, this is the exact cluster level (Lower Highs on 0.618 Fib) that the Highs of March 29 and August...
Nasdaq (NDX) has been trading sideways since November 10, with the 1D MA50 (blue trend-line) as Support and the 1D MA100 (green trend-line) as Resistance. On a wide scale, this technically looks like the previous two market tops on the January 05 Lower Highs trend-line, and the 1D RSI illustrates that clearly. However, the Jul 19 - 28 consolidation within the 1D...
Nasdaq (NDX) has been trading sideways since November 10, with the 1D MA50 (blue trend-line) as Support and the 1D MA100 (green trend-line) as Resistance. On a wide scale, this technically looks like the previous two market tops on the January 05 Lower Highs trend-line, and the 1D RSI illustrates that clearly. However, the Jul 19 - 28 consolidation within the 1D...
Nasdaq (NDX) completed its short-term technical pull-back, as it held the 1D MA50 (blue trend-line) after it was rejected on the 1D MA100 (green trend-line). This doesn't change our outlook presented two weeks ago:
This profit-taking retracement was part of the greater plan, as the index remains within the tolerance levels of the previous counter-trend...
Nasdaq (NDX) is on a short-term technical pull-back after it was rejected on the 1D MA100 (green trend-line). This doesn't change our outlook presented last week:
This profit-taking retracement is part of the greater plan, as the index remains within the tolerance levels of the previous counter-trend rebounds of the 2022 Bear Cycle, all of whom hit the Lower...
There is also a bullish wolfe wave setting up on the 4hr and 3D time-frames which all can be used for supporting evidence that a strong rally is nearing. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the line perforated line, as shown in the chart. If we extend a vertical line...
