Nasdaq is approaching technical neutrality on the 1D timeframe (RSI = 57.511, MACD = 191.510, ADX = 25.356) as it got rejected near the top of a Double Channel Up pattern. The 1D RSI is printing a technical sequence resembling the July 31st 2023 LH, which was the start of a short term correction. Along those lines, we are opening a short, aimed at the 1D MA100 (TP...
This is why the next 6-12 months in the markets are going to make zero sense. 2020 the FRED not only created money they injected so much unnecessary money that have they not enforced global lockdowns the "2022 mini bubble" would have looked like 2000. Markets will follow and always adjust to debasement meaning your earnings / your P/E ratios are useless in...
Last week (February 08, see chart below), we gave a sell signal on Nasdaq (NDX) as the the price wasn't just at the top of the short-term (dashed) Channel Up, but was also approaching the top (Higher Highs trend-line) of the 1-year Channel Up: As the index suffered strong intra-day selling yesterday, following the higher than expected U.S. CPI report...
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft NASDAQ:MSFT , Alphabet NASDAQ:GOOG and Advanced Micro Devices NASDAQ:AMD delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants' reports after the bell underscored investors' elevated...
Hitting uncharted territory is scary as we don't know the ceiling of this train. Idea: push into ATHs (pink line) for a stretch into R1 920s area. If flow and momentum is bulls strong, pullback into 890s and then continue higher. If bears strong, push into 890s for consolidation, before move into lower demand 30m/1hr zone 812s. First day back into charting after...
Nasdaq (NDX) is extending its aggressive rise of the Bullish Leg that started on the October 26 2023 Higher Low of the 1-year Channel Up and by the strength of it, it appears it will extend it to the max. That potential max extension is in the range of 18100 - 18300, which is the top of the dashed Channel Up and the top of the dotted 1-year Channel Up, which was...
im anticipating higher prices for a sweep and then a retracement to internal range
Hello Traders, what a week it has been! So I think it is justified to provide you with everything I know and show you how I see things. On the chart you’ll notice an image. The image shows theoretical price action with a parabolic curve step-like formation, representing an idealised pattern in price action trading. The formation begins with Base 1, where the stock...
Hello,Friends! We are going short on the NQ1! with the target of 17229.00 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
nasdaq as permy technica view first target 22678 and second target is 26594
Just as in 2002-2003 when America invaded Iraq looking for WMDs (emphasis on the W). George W Bush (again, W) went to eliminate WMDs in Iraq. When said WMDs were not found, it was time to short the Iraq war. However there is a long and profitable path before us until our lies are exposed and we would be fools to not take advantage of this opportunity. We have the...
Amazon stocks are going up this year with solid 52.29% year-to-date gain, that is currently the 9th largest YTD result over all components of Nasdaq-100 ( NASDAQ:NDX ) index. Work hard, Have fun, Make history - And You're Done! - This is the official tagline of Amazon in 2023. The slogan refers to Amazon’s dedication to innovation and service enhancement....
0.786 from the previous high is a good shorting entry in my opinion. Magnificent 7 is done with their earnings(except NVDA), so I am not seeing much stimulus from big tech. Most tech stocks are not doing well, and I am seeing some extent of selloff in 1-2 months.
Nasdaq (NDX) appears to be forming a Top approximately at the levels we described on our most recent idea (January 23, see chart below): Today we move to the 4H time-frame where we can discuss the shorter term parameters of this expected pull-back. As you can see right away, the July 2023 peak (and the price action that led to it) is very similar to today's...
Nasdaq isn't overbought on the 1D time-frame anymore but technically it remains bullish (RSI = 63.538, MACD = 210.050, ADX = 41.826) and will continue to be as long as the two month Channel Up holds. It may be supported by the 1D MA50 but if the index follows the late July peak formation and crosses under the 0.382 Fibonacci level, then we expect a technical short...
Previously in the Series.. 👉 Launch of BTC futures on December 18, 2017 Bitcoin is down more than 10 percent in a week and crashed 80+ percent in a year. 👉 Launch of trading on Coinbase IPO NASDAQ:COIN on April 14, 2021 Bitcoin is down more than 10 percent for the week and crashed 50+ percent for the quarter. 👉 Launch of AMEX:BITO - the first fund based on...
Nasdaq (NDX) closed yesterday on a red 1D candle, with the 1D RSI above the 70.00 overbought barrier, but remains within the (dashed) Channel Up, as well as supported by the 1D MA50 (blue trend-line) since November 03 2023. Based on the 1D RSI which is within a Megaphone pattern, we might be approaching a peak similar to July 19 2023, whose RSI was also inside a...