Nasdaq confirmed the range deviation and is bound to correct. Euphoria, few tech stocks running, calls at ath. It’s game over. Will reassess at range levels further down.
Started building a swing position with puts and margin. Will be actively managing it. Looking for approx 20% drop from here.
Markets euphoric, greed, AI mania.
FED clearly signaling more hikes.
Markets digesting news on a big resistance level. Trend reversal imminent.
Will look to scale out on a few daily consecutive closes above red box.
Enjoy.
14500-14600 remains my target as we last posted here:
Having calculated the last ATH using the same chart/exercise i feel quite ok to increase my Long positions at this stage:
Funilly the bottom was als calculated precisely even by making some fun on Biden:
Also here:
News:
US stocks advance as debt ceiling concerns ease
Please use the sharing...
NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars =...
Bearish Divergence at 1 hr time frame. Also, NASDAQ is at the top point of the year. Here we can see a correction or trend going downwards. Also, there is high-impact news on Monday (ISM Services PMI). You can take appropriate risks and rewards by calculations according to your account size.
As I have calculated for myself.
EP - 14429
SL - 14560
TP - 14258
Lots...
after the liquidy sweep and the price took all the buy-side liquidity
we r waiting for a correction in the price
so we r waiting for short-term selling opportunities
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don't forget your risk management
follow for more :))
Scenario1 breakout offered a fantastic week.
Hope you had joined in the ride. Target 13740 hit, and AR tested.
Possible Scenarios:
1) Continuation Long Strategy: Long on retracement. Price has to
come down on low volume
2) Breakout failure: If there is strong volume on down move,
it may signify a yet to be completed rotation, with more potential for
downside...
Dollar index vs USTEC are in an inverse relation. currently both are going up. it will be a defining point for both either USTEC will fall and Dollar will rise again or Dollar will fall from this point and USTEC will keep rising.
The hopes on the market are up, after both NASDAQ and S&P 500 rose through the day. Investors were concentrated in high-growth stocks and there was an optimism regarding debt ceiling deal being reached soon.
Other factors that were influencing the upward movement of the market were better-than-expected earning reports, slowing down of the aggressive rate-hike...
We have a nice break of structure and price left a fair value gap which needs to be filled first, giving us buy entries once we tap into the OB.
For now let us wait and observe price action. Once we tap into our zones we will pull the trigger upon getting confirmations.
All the best!!!!!!!!!!
The trend of NASDAQ seems to continue, despite a resistance that is forming around 13250 mark. The instrument had tried few times to breach it, and currently is trading above it, but the breach is still not significant and might revert.
The technical indicators, though suggesting that NASDAQ still has steam to continues it upward movement, with RSI above the 50...
