ending diagonal marks the end of the cycle expect overthrow to occur by March 2024 with subsequent continuation of the bear market Bottom somewhere in Oct 2025
Nasdaq has broken all the shackles and ready to launch it will retest the strong level of 14500 which should now become the support . After once or twice retests it shall break 14800 resistance level and go to 15500
wondered what the narrative would be for a blowoff top…thought maybe AI, but maybe AI along with easing??
I received my CMT charter long ago, when chartered market technician candidates could write a thesis that had potential to change the body of knowledge of Technical Analysis. It did and it continues to serve me and my students well. It was called "Cycle Evolution Theory" and my specialty is in the long-term cycles of emerging displacement technologies that change...
We are in a temporary bull push on the Nasdaq. However I am sticking my neck out to warn of a possible down turn this fall. See charts. The oscillation is tightening.
We have already had “Black Monday”, the second horse of the Apocalypse. The third horse is Pale.
The scale of what is happening cannot be understated. Massive amounts of money have been printed, then burned immediately. It is as if the FED is trolling us... Or we are being trolled by our own minds. Equities reflect the mental state of investors, big and small alike. The dilemma is causing headaches, it has reached a paradoxical state. No human, not even...
Today witnessed a robust bullish surge in the Nasdaq with a cup and handle pattern (Very similar on the S&P500 too). Introduced in 1988 by analyst William O’Neill, the cup and handle pattern signifies a bullish continuation pattern activated by consolidation following a robust upward trend. While the pattern requires time to evolve, its recognition and...
We had too much fun and now the bears and bulls are clutched tightly in a yellow pincer. The only question is, when will it let go. Trade this decade like a range until proven otherwise.
Investors are scared by the seemingly never-stopping bond yield rally and US bond crash. The expected Israeli ground offensive has been delayed, creating more uncertainty and selling pressure. As US10Y and AGG have started dropping since 26 Oct 2023, IXIC is poised to recover when investors realise that the bond yield rally is not infinite and holding 100% bond...
If we can fall a little bit more about to 12,000, into the support trendiness, we can rally then proceed to rally hard into the 20'000s.
In this trading chart analysis, we delve into the potential bubble scenario surrounding the IXIC (NASDAQ Composite Index). This examination is a continuation of our previous assessment, 'Bubble Scenario NASDAQ Composite,' focusing on the evolving economic landscape and its impact on the stock market. The prevailing conditions, characterized by prolonged high...
2 tech giants published negative quartarly reports; Meta & Google. Nasdaq is about to lose the 200 MA for the first time since march 2023. S&P 500 broke the 200 MA support today and Dow Jones had already lost the 200 MA last week. Vix is back above 20. The macro conditions are not improving and the Fed has the markets in suspense as it signals yet another rate...
Next year will show some more drastic and painful correction
Greetings, dear friends. I hope you are having a productive week. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error...
I will post my ideas soon. I will post my medium term and short term ideas as well.
Two smaller double tops encapsulated by a larger overall double top As you can see the dip is already beginning from the second double top Linking a relevant analysis below
I have spoken about this since begining of the year but now it materializes nicely. The market has never survived narrow niche rallies and this has never been the characteristic of a bull market. As you see the Nasdaq Composite has started to pull as the percent of stocks above their respective 200 D Moving average is well below 40%. To be confident that we are...