Market likes cycles. Time is paintig the same story like in 2000.
20 Years after, October 2020 when we touch 10666 it will be the top of the cycle.
Next longtherm target is around 2800 points.
It is historical and technical possible, the question is only about FED.
It will happen when they decide to let it happen.
From trend analysis, it is still riding strongly on the bull trend. However, there are some factors that I take into consideration to either exit , take more or all profits and adjust stop loss. From the March low , NASDAQ is the best US index , out beating SPX500 and DJIA with 54% profits.
Here are some reasons that I am getting a little cautious about this...
Hello Traders Investors And Community, welcome to this analysis where we are looking at recent events, the current price-structure-formation, and what we can examine from the major index NASDAQ. As the major market provided a steady recovery since the corona-breakdowns seen this year in March we are facing a slightly overbought condition at the moment which can...
Sorry, we have to clearly use the same data 5/1 as the pivot point.
Symmetric before (3/24-5/1) and after (5/1-6/10) time split by 5/1.
And the Perfect 5 waves done.
The Correction may stop at the 4th wave end, which is 8,800.
It comes so fast. It may finish in 1 or 2 days.
The 2nd session ends at the scale of 0.618 of the first scale.
It's really magic of...
United States Non-Farm Payroll posts 4.8 Million jobs in June, beating analysts’ expectations of a 3 million gain. The unemployment rate also fell to 11.1% in June, forecasted at 12.5%.
However, permanent job losses spike
2.1 million of the 4.8 million new jobs were created in the leisure and hospitality sector. However, permanent job losses jumped to 588,000 to...
Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 1st of May 2020.
The Dow Jones Industrial Average closed on Friday with a loss of 2.55%, losing 622.03 points and closing at 23723.69. On a weekly basis the Dow Jones had a loss of 0.22% while from...
Expecting it ends in late 2021. It seems it is safe to invest in NASDAQ:NDAQ for now because we are in the middle of the bubble, but as more and more "investors" from Robinhood is coming at the market as more bubbling we see. And eventually, the bubble will brakes. Together with the recession scenario and low-interest rates this is likely to happen someday in 2021
It would've been better to short Trump's "nASdaQ aLL tImE hIGh" first with incoming small corrections we are experiencing another bearish rout.
Day traders can make longs in the correction and scalp around 0.5 fib retracement from the first estabilish low from the latest ATH.
If you plan to make a 1-2 month trade , I recommend going short....
In a sane world this drops to 8400 at a minimum.
However. the world is quite insane right now my friends.
Except for brief periods, playing ParSar reversals in combo with the fisher on the 4 hour has paid off quite well.
Please, don't PM me and comments on my ideas. I don't have time. Sorry.
The nasdaq vs dow jones ratio and also versus S&P 500 is clearly telling us that capital is FLOWING into Tech and Nasdaq.
Money is scrambling to find yields and somehow Tech has been perceived as a safe haven.
Nothing goes up forever, parabola will always end.
But here is the thing about...
Hello everybody! Welcome to another episode of Weekly Market Update. Let's get started with the performance of the major indexes of Wall Street for the week ending on 24th of April 2020.
The Dow Jones Industrial Average closed on Friday with a gain of 1.11%, adding 260.01 points and closing at 23,775.27. On a weekly basis the Dow Jones had a loss of 1.93% while...