Double bottom several times, looks like we have support here.
RSI double bottom.
we can see an inverse correlation between 10 year bond and nasdaq.
to make it easy to understand, when 10 year bond goes up then nasdaq down and the other way around.
The mid-term charts of IXIC, SPX, DJI and RUT are presented. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It...
Trend lines drawn from the 2/16 ATH (9d), 2/22 (5d) and today 2/26 (1d).
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
-=x=-=x=-=x=-=x=-=x=-=x=-=x=-
Friday, February 26, 2021
Facts: +0.56%, Volume lower, Closing range: 49%, Body: 12%
Good: Successful test of 13,000 again
Bad: ...
These important sectors have not been booming for over a quarter (no Robinhooders around these sectors, and not worth a Reddit meme) -
- Telecommunications: T, VZ, TMUS
- Quick service fast food restaurants: MCD, YUM, WEN
- Consumer Staples (ETF is XLP): household products PG, CL, CLX: food MDLZ, GIS
Select foreign currencies, after Covid/coronavirus bounce-back, have been weakening since early December 2020 - ahead of the NASDAQ (IXIC) question of faith in mid February 2021: Russian ruble RUB/USD, Brazilian real BRL/USD, Colombian peso COP/USD, Mexican peso MXN/USD, Korean won KRW/USD, Thai baht THB/USD, Japanese yen JPY/USD, Euro EUR/USD.
Hello friends,
I have mentioned things in chart.
I just check the history.
Nasdaq index is now off the ascending channel, but it might have a 10-50 days range and correction then start a new ascending channel like before.
Hope to get bullish soon :)
Hi everyone,
Nasdaq is currently forming a shooting Star or a Gravestone and the Monthly Candle will close tomorrow. If this candle close like this, we must expect the worst to come.. the end of the Bull Market for the Nasdaq.
Let's see, a lot of things can happen in one day. Dow and S&P 500 Index are not looking like that for now.
Best to you !
Select Emerging Market ETFs (U.S. listed in $USD) falling since Jan 2021, not like the IXIC (Nasdaq Composite Index) only since mid Feb: Russia RSX, Brazil EWZ, Mexico EWW, South Korea EWY, Thailand THD, New Zealand (ENZL - small market, not emerging market).
Trend lines drawn from the 2/16 ATH (8d), 2/19 (5d) and today 2/25 (1d).
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
-=x=-=x=-=x=-=x=-=x=-=x=-=x=-
Thursday, February 25, 2021
Facts: -3.52%, Volume higher, Closing range: 10%, Body: 73%
Good: Stayed above 13,000
Bad: Thick...
Trend lines drawn from the 2/16 ATH (7d), 2/18 (5d) and today 2/24 (1d).
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
-=x=-=x=-=x=-=x=-=x=-=x=-=x=-
Wednesday, February 24, 2021
Facts: +0.99%, Volume lower, Closing range: 97%, Body: 62%
Good: Another quick test at the 50d MA...
☡ 🟨 Caution flag is still up, although we turned around from the bottom of the channel, there is a possible right shoulder development that we have to be aware of!
Trend lines drawn from the 10/30 bottom (78d), 2/16 top (6d), 2/17 (5d) and today 2/23 (1d).
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
-=x=-=x=-=x=-=x=-=x=-=x=-=x=-
Tuesday, February 23, 2021
Facts: -0.5%, Volume higher, Closing range: 88%, Body: 39%
Good: Support at...
Trend lines drawn from the 10/30 bottom (76d), 2/12 (5d) and today 2/19 (1d).
Ideas always welcome in the comments. Errors will be amended as comments on TradingView or corrected inline in my blog.
-=x=-=x=-=x=-=x=-=x=-=x=-=x=-
Friday, February 19, 2021
Facts: -2.46%, Volume lower, Closing range: 1%, Body: 80%
Good: Nothing
Bad: Gap down, thick red...
Just to help put everything into perspective for what is going on in the NASDAQ. As much as I was expecting a good pull back, I feel like this one kind of came out of nowhere, but it fits perfectly with my Elliott Wave analysis.
IXIC’s mid-term trend chart is presented. ___
Prompt: New traders should take some time and carefully read the post entitled 'You can't beat the market' that is located in my profile.
Disclaimer
The author of this text is not an investment advisor. The preceding content is intended to be used for informational and educational purposes only.
It is not an advice...
