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NASDAQ Composite - The Momentum Will Continue Till 19,250(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%. (2) Following this, the price found solid support near the 10,150 level and started to climb again. (3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards. (4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend. (5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.
NASDAQ:IXIC
by NaranjCapital
Sine Curves and NasdaqSharing a quick chart art analysis of sine curves over the Nasdaq. If this kind of pattern continues, we should see the start of a sideways move over to the second half of the sine curve after which, the move to the top continues. If the pattern holds true, we can expect a retracement in the 40% to 30% range sometime in an 18 month timeline. Short and BTFD on the transition across during the Summer Long in the Autumn for the final leg up Note that the first two sine curves complete on a 2 year schedule and are part of a similar inflation regime. This current sine curve looks set to extend to 4 years with significant inflationary attributes. I think this is interesting because it is not a click bate doom scenario nor is it a full guns blazing BTFD scenario. Anyhoo... it's chart art. Take it for what it is.
NASDAQ:IXICLong
by coremonster
Bearish RSI divergence on NasdaqHello everyone, I just found a bearish RSI divergence on weekly chart of Nasdaq. RSI (14) on February 5 was at 73.05 and 72.91 on February 26. Close was 15990.66, now is 16274.94. In addition there was a bull cycle of 18 bars on weekly chart from March 13 2023 with price increase of 31.54 %, current cycle from October 23 ended with 29.96 %. And there is a high probability of a drop after reaching the ATH. See June 18 2015, just 4 days after a drop occured with a low on July 7, then another ATH was on July 15 August at 5231.94, this is just 1.01937 % above ATH from 10 March 2000 at 5132.52. Then signiffant drop occured with a low on August 24 at 4292.14, this is 82,03 % of ATH.
NASDAQ:IXICShort
by Ceneon
1
IXIC wave analysis- We can see as follows that the IXIC has been following a comprehensive Elliot Wave movement respecting the weekly high and low Fibonacci levels - We could see a move down towards $14 723 at the end of Q1 leading into Q2 - evidence to support this is the RSI movement > Trading around overbought levels > We can also spot an RSI bearish divergence on the daily, this is where the price increases as the RSI decreases, strength is decreasing as the price moves up causes it to loose steam for the upwards momentum - A clear break and hold of the 0 Fib level will invalidate this movement Have a great day, Cheers
TVC:IXICShort
by someshrenen
Possible Significant RecoveyThis scenario is VERY tricky, let me explain why it could go either way, drastically. I'll separate the bull/bear ideas. The nasdaq looks like it could bounce off the BB bottom for a decent recovery, but, it's to see what happens tomorrow. Reasons for Bull Rally This month inflation report is cooler. With a lower CPI, markets will anticipate a 50 basis point or 25 basis point hike, meaning a more dovish stance from the Fed. Reasons for Selling This month inflation report is still high or hotter than expected. With a higher CPI, markets will anticipate a 75 basis point or higher hike, meaning a more hawkish stance from the Fed. July 29th Q2 GDP comes in negative, officially putting the US in recession. The negativity possibility is significant. July economic data can break markets like not seen before. This is one to watch. I understand this is the 1M chart, so any move upward will be quick. I don't see markets rising for a few months, but, who knows.
NASDAQ:IXIC
by WorldEconomics
⛳️ POLE TRAGET FOR THE NASDAQMarket Phases and Historical Comparisons: The chart outlines two main type of moves, labeled "Dips" and "Legs" suggesting a comparison between a past post bear market period and the current market situation. There are colored boxes representing different market movements: declines (in red) and upward movements (in green), referred to as "Legs" and "Dips." Historical Bear Market Decline Data: The table is shows historical bear market declines from 1901 to the present, indicating the index (Dow or Nasdaq), the percentage of the decline, and corresponding recovery phases. The average decline is noted as 38% for the Nasdaq during bear markets. The average 1st Leg is 63% (current 43%) The agerage 1st Dip is -15% (current -13%) 👉 Next potential target for Leg 2 is 29% or 16212, about the old ATH 👉 Rebounding dip afterward is expected to be around -17% These are just historical precedents and guardrails to help us navigage the marekts.
NASDAQ:IXICLong
by TintinTrading
2