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...
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...
The Nasdaq index (NDX) is making its reversal as following the much lower than expected U.S. CPI report (fell to 7.7% from 8.2% the previous month), it posted the strongest 1 day rise of the year and broke above its 1D MA50 (blue trend-line) for the first time since September 13 (two months). The news that the Fed's approach has started to decrease inflation and...
Nasdaq (NDX) is pulling-back following the Fed's +0.75% Rate Hike and a rejection on Tuesday on the 1D MA50 (blue trend-line). With the help of the RSI on the 1D time-frame, we can see that so far the whole bearish sequence since the August 16 High, is very similar to the bearish sequence that followed after the March 30 High. A striking similarity is that both...
Just a few days following our last analysis, the Nasdaq Index (NDX) broke above its 4H MA200 (orange trend-line) for the first time since August 26: As mentioned then, the factor that made the difference in our decision to call for a buy was the RSI Bullish Divergence on the 1D time-frame which has been trading on Higher Highs/ Higher Lows (Channel Up) since...
The Nasdaq Index (NDX) has been pulling-back since Tuesday's (Oct 18) Lower High and is once again on its 4H MA50 (blue trend-line). What can be the difference maker here is the RSI on the 1D time-frame which has been trading on Higher Highs/ Higher Lows (Channel Up) since October 03, while the actual price action has been on Lower Highs and Lower Lows (Channel...
Nasdaq (NDX) is extending the Channel Down that started on the August 16 2022 High, making a Lower Low yesterday. With the assistance of the 1D RSI, we have spotted a recurring pattern that has already played out two times during this Bear Cycle since the start of the year and is currently forming the third one. As you see, every such Lower Low sequence, made a...