NQ tagged 16200s and pulled back. on a bigger picture looks like massive cup and handle pattern and now looking like a megaphone pattern. if price does not get above 16200 could fail and break down all the way back to 15000 or even mid 14k
Here is my look at the NASDAQ. If this wave continues its upward wave trend, we could see another 5% or more to retake the ATH by Christmas. There was a clear and strong breakout of the down trend and a clear motive wave.
With moving averages
NAZ in 19 day sideways channel, back near Top (Box with red dash as Mid). The NQ1 vs NQZ is off as the NQ1 had a 200 point pop due to 12/15 expiration. I have attached the current range forecast for NQZ. NQZ lower indicator will show 6 Drops (white arrows) lined up with yellow arrows above. The Stoch O/B or Mid position has consistently set up the drops. Strange...
Tuesday’s profile yesterday was tricky on both sides, eventually, strong bullish fundamentals give us a bullish continuation.
After CPI heavy impact news, price dropped heavily into a discount to M30 FVG, supported with Weekly VWAP, creating a nice M3 +Breaker, and the rest is bullish following patterns targeting the previous Swing high before the red news and...
Google AI said that 75% of the time since 1950 the stock market rallies in december. Simplertrading Gurus predicted this would be a BUY month all month.
However going back to previous predictions, if you recall after the FOMC FOMO ralley I pointed out that we would have chop, sideways action, regular trading days all along the upper 1/4 of the wave, and once...
after price traded high friday i am anticipating a re-tracement back to some sort of imbalance or bullish order block and look for longs, I will look at how price setups Monday and Tuesday to re access if long bias is still valid
Good luck to everyone! This analysis is for educational purposes only and does not constitute financial advice. Conduct your own analysis before making trading decisions.
This week we are about 400 points from reaching the all time high. Since the middle of November the price action has made considerable structure of HH and HL. Starting in December, we saw LH and LL form which were broken last week Friday leading to a gap up. Previously gaps up indicate prices will move higher then fill in the gap later in the week. However, this...
This week - I call manipulation week. CPI, FOMC, PPI all in one. I'm expecting a lot of movement. I am anticipating Tuesday or Wednesday Low of the Week Profile & am finally one sided on NQ being bullish. As a reminder, I am still bullish on Bonds & Bearish on yields.
