Instrument: COMP
Optimal technical indicator: Momentum 140
Current signal of optimal tech indicator: LONG
Optimal technical indicator win-rate: 58%
Days for backtesting: 2221
Timeframe for backtesting: 1D
Price at the time of forecast: 11 079,1570
Enter point (market): on chart
Take-profit (model data): on chart
Current stop-loss: on chart
Multiple for stop-loss...
I'm personally believe there is a possibility of a correction this year, but I am very often two years off in my predictions, so I have mocked up a little blow off top and a crash in 2024, hopefully this gives young people a few years to accumulate a large amount of stocks, as before 2034, if all goes well, stocks and the markets will go very well for everyone for...
Hello, dear friends. I am in the view of a downward movement in the current situation, and whenever it happens, I will announce a definitive opinion about the second upward movement.
NASD has reached and and has bounced from the Fib golden pocket.
Several bullish divergences have presented themselves.
Makes sense to position long with stops just underneath the bottom of the pocket at 9975.
Big money is aware. You should be too.
This is a long-term trendline on the NASDAQ log chart (1M). It seems like we've finally reached a decisive point in the ongoing Fed vs Inflation saga. It's going to be interesting to see what happens next. If we break the trendline like we did in 2008, we're likely to take the elevator down and then spend the next few years catching up to the trendline again....
Nasdaq Composite Index(IXIC); A strong continuation of technical downtrends on display in the daily time frame.
Two technical patterns need to be observed in the daily chart. The bearish flag pattern outlined in blue and the long-term price channel developed during the Covid-19 pandemic both aligned with the 10353 support line, which could trigger a sell-off....
I still see downside in 2023, the chart is showing a similar pattern to the DOTCOM BUBBLE.
I just see bear market rallies and some considerable time until we see a major trend reversal.
We have just finished the 2nd BUBBLE which was led by the creation of BITCOIN which was born out of the Financial Crash in 2008. The age of low interest rates are also over and...
After the announcement of the 50 basis point rate hike last night, the market responded with a decline. The 50 basis point rate hike had been expected. The focus was on the follow-up speech by Powell. After the announcement of the rate hike data, the market started to rally at 3:35 am. Powell made some optimistic remarks during the period, such as a "welcome...
IXIC is the weakest index adding gravity to the rest of indexes. Since 13 weeks it's not able to jump up above (W)MA200. The longer you stay below (W)MA200 the less chances you have to jump above it. Last sustained break of IXIC below (W)MA200 was September 2008
The points in the chart show a bearish outlook for the US COMPOSITE INDEX. This trend may reverse if the price rises above the 1D Cosmic Gravity support channel.
In 2022, the world experienced an epidemic, war, and sanctions against China and Russia from Europe and the U.S. Many factors have pushed up commodity prices, especially energy. Epidemics and wars have also impacted supply chains, leading to imbalances in supply and demand. On top of that, global central banks release massive amounts of liquidity to rescue the...
Nasdaq at 11105 current level,
Currently on a rising wedge pattern.
If a break out happens above 11720- 11750 going past above the wedge, it can take it to initial target of 13100.
On a downside, since currently markets are less than MA 50 level, the side ward movement continues.
it needs a clear break out above 11185 level, and move past 11450 ( Prev high)
Strong trend line in green
I believe this is just a little bump in the road along a long bullrun for the Nasdaq
We are still along the trend line
Much higher we must go
Happy holidays friends
As we are making lower lows in the Nasdaq Composite, the % of stocks participating in the rallies increases.
This is exactly the opposite to what we were seeing in the November highs when we said that the market is topping.
This is great bullish sign.
