The situation with the pandemic in Europe continues to be as dire as possible. The logical consequence of this was the statement by Merkel that the German authorities are considering extending the lockdown for another 10 weeks. For the largest EU economy, and the EU as a whole, this means a guaranteed decline in GDP in the first quarter. Bloomberg Economics, in...
Financial markets were full with optimism yesterday. Bitcoin surpassed the 20K mark, European indices (in particular, the German DAX) reached their highest levels since February 2020, US stock indices stormed historic highs, and oil reached the highest marks since March 2020.
What made the participants of the financial markets so happy? To start with, general...
Here is my view on Nasdaq100.
Market is creating a structure that is pushing to the upside. After a breakout, what i'm looking for the market to do is exhaust and come back to key level or exhaust to form a new high low.
Here is my view on Nasdaq100. Price has shown bearish sentiment, now my focus is on identifying the pullback/ exhaustion phase. Well i do not
know when the lower high will be formed. What i will look for is wick rejection to indicate that the market is slowing down.
It has been long since i have shared my analysis but i'm back now with something good and spicy.
Here we have Nasdaq Plan A setup, information is on the chart. If price fail to come back to key
level guess what we do not loose, we simply wait for market to build up new opportunity.
Trying to long here, contrarian trade.
Earnings next week for leading companies.
Chart looks like out of steam on the downside, SMA50 holding and gentle pullback to the neckline of the previous reverse H&S.
See you next week.
NASDAQ100 and the SPX500 share the same direction, the NASDAQ100 will probably confirm the " SHS " pattern if the price reaches $11635.
NASDAQ100 buy : $11635
NASDAQ100 target : $12200+
Stop loss : 8% .
Wish you a good deal!