Not really sure which way the market is going after this whipsaw, so I'm plotting both scenarios
Green overlay is the bull scenario, it's an exact copy of the COVID tank with no time or price adjustments.
Red arrow is Wave 5 scenario for this down channel. Wave 5 sometime falls short or gets extended so arrow is basically just a suggestion.
Asia keeps dumping...
This is what the Nasdaq index looks like, and also for the possibility of it correcting at the area of breaking the neck of the letter m and then continuing the decline or completing the decline directly in light of the Fed’s preservation of keeping the interest rate as it is
Yesterday after the FOMC press conference Nasdaq 100 (and other major indexes) surrendered most of its earlier gains. We continue to maintain a bearish stance on the general stock market as we think NQ1! is headed lower. Our view is supported by bearish fundamental and technical factors. Additionally, the current high volatility pushes odds in favor of more...
We are well below the 8 and 13 EMAs.
They have not crossed.
MACD has gone Negative @ - 4.32.
A Cross of the leading 12/26 for the MACD
is approaching.
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November high at 16767 was the 3/5 High
by the Trend Count.
4/5 is well underway, with troubling Breaks
on the Daily Counts where the Structure has
become...
If NAZ does not get lower after multiple attempts, it goes higher (quickly). Long above 14100 and Short below, use KL's in opposite direction and TLX's as targets.
INTC has indicated they will Build a $20 Billion Semi Fab
in Ohio.
While every Semi Co lobbied Congress to Pass the Chip Bill.
You dear taxpayer are going to Pay for Large Semi Co's to
receive a massive Bailout.
Business in Amerika these days.
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The Bolsheviks are looking for some Dip - Sour Cream with...
break low = new down wave,,,, in nasdaq can crash it to 12600 then to 12000 so if you have buys , put hedge sellstop in low ( 7-8 point under low
note= put sellstop in low possible too but with low size and SL and trailstop=80 point or last clear high in 4hour chart =14444
good luck , hope nasdaq go up and dont break low = new recession !!!
be carefull ,...
DAILY (D1)
Despite a sharp recovery attempt seen yesterday towards an intraday high @ 14'639.75, the Nasdaq failed to recover firstly above :
1) the Tenkan-Sen @ 14'679
2) the secondary downtrend resistance line around 15'000
3) the Kijun-Sen
4) and last but not least above the Mid Bollinger Band @ 15367 and above the clouds resistance area (15676-16'052)
...
With Apple's Gains due to acting as its own Hedge Fund, the
Top Line is questionable.
There is ZERO Organic growth, 0.
The 10K will provide the Real study.
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NQ's Weekly Structure is severely weakened, if there is to be
a defense of the Equity complex will need to arrive in the
next few days.
If not, there...
NQ closed ~ 2800 Points of df its November Highs.
Confidence remains absent, the attempts to Buy
lower in Price has as be ab exercise in failure.
NQ's Daily Count and Structure requires a large retracement
in order to begin to reduce the Scope, Scale, and Velocity
within the Larger Weekly and Monthy Timeframes.
IN looking over those two charts, neither suggest...
Hello traders
it is simple just take a look on my chart drawnings and you will see the possible scenarios fro today.
good luck.
if you aprecia my way of analysing make feedback
NB: if you are intersseted on special market please do not hesitate i can analyse it for you
thank you
Good grief, what a show of sheets.
2 has been very complex... I know i know...
Look, Dummy, it's making higher Highs and Higher Lows.
"Buy the Dip HK Clown."
Problem solved.
Thank you Peanut Gallery, you've been brilliant since ... oh November.
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The problem is - by my data 14 times in the NQ's history, it's...
hi, hello fellow traders,
two areas were highlighted on the chart, to spot the attention to the possibility that local bottom just took place.
all in all, after that local bottom is created and calculation of the magnitude of the downside that brought us to that local low, target for the long set @ 15055.50
strategy: scale in (== refill) scale out (== book...
This is the gap I've been talking about all day. All futures gaps must close. ES and RTY closed this gap but NQ hasn't.
Hence my bearish tone before the Fed, and the reason why I flipped my long positions on open. Little details matter.
After 710 point Range today - safe to say it was relatively exhaustive to most.
In watching the Tape on the Micro - MES MNQ MYM, the odd lots went by at the
speed of light.
Home gamers with lots of experience on the PS and Xbox, not so much with the
trails and tribulations of Wealth...
An index composed of the 100 largest, most actively traded US companies listed on the Nasdaq stock exchange. This index includes companies from a broad range of industries with the exception of those that operate in the financial industry, such as banks and investment companies.
