Looking for another leg down in equities: looking for retest of the 2020 March lows at the VERY least.
So far into the crisis, the NASDAQ has substantially outperformed the S&P which (no surprise with the news and market psychology being Coronavirus-focused: far less bearish for tech). Markets are largely driven by psychology, and, investor/trader psychology has...
As I was analyzing the NQ movements, I still believe that NQ is in a 5-bearish-waves. Because of that, I believe further downside would come later on. When looking at the orange blocks, I am noticing a 5-bearish-waves as well. However, I think there is still some upside for NQ tonight. Politically speaking, you have the House voting for the $2 trillion...
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I will begin NASDAQ ZeroMarket US100 Chart Analysis for March 26th.
This is the Nasdaq 30 minute chart.
This is a long position strategy.
If bottom sad expression breake away.
And, please pay...
NASDAQ100 AT STRONG SMA800 SUPPORT
The odds said that price will not make another 1:1 down movement so stop loss and take profit are big.
This trade has a high success rate, also FED and other central banks action are helping this position
Primarily looking at NASDAQ. %50 wiped since 2016's stagnation. All analysis points towards ~7000 being a key level. Once fear settles down and Quantitative Easing regulates the economy, a pullback or sideways movement here is expected. Further crisis in the economy can hurl world indices another ~10-20%
Having some away from markets and want to shoot out some charts.
The bad news is, on a long-term basis, markets are just starting to break down.
The good news is, in the short-term, markets are testing long-term support and could mount a significant relief rally.
Current drop is now same in magnitude of the previous large drop in Dec, 2019. A critical resistance at ~8350 defines whether this was again, a standard pull back or a larger ABC retrace.
This ABC retrace is only valid if:
Upwards rally doesn't maintain above ~8350 for 3+ days.
If it shoots past ~8360, stop is here. If this partakes, corona virus was again the...
Market is very volatile now so as indicated by the arrows, 1st long TP... then see how the price action goes...
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