Primary Chart: 11-Month Downtrend Lines, Support at June and September 2022 Lows Forming Right-Angled Triangle, Fibonacci Levels
The Nasdaq 100 ( NASDAQ:NDX or NASDAQ:QQQ ) has been in a sharp downtrend nearly all year with intermittent bear rallies that have been sharp and powerful. A week ago, despite price having already fallen significantly from August 16,...
Primary Chart: Fibonacci Channel and Symmetrical Triangle
Title alludes to a well-known excerpt from T.S. Elliot's poem called "The Hollow Men":
This is the way the world ends
This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.
Setting Aside Bias Temporarily to Allow Greater Flexibility in Analysis
Many of my...
Primary Chart: Fibonacci Channel with Fibonacci Retracements of Entire Summer Rally
BRIEF SUMMARY:
Price continues to chop above and below the $19,246 retracement level identified in prior posts in recent days.
Price action appears to be consolidating before the next trend move—this next downward flush may occur very soon. During this consolidation,...
