Nasdaq has been following technical analysis perfectly so far this week, we can see price playing within the consolidation zone and still within the possible head and shoulders pattern, I'm expecting two possible outcomes today:
1: rejection on the top of consolidation which could give us our weekly lower high to follow of the trend from last week.
2: double top...
Reasons for the bearish move down:
- Global government debt set to soar to record $71 trillion this year
- Fed Governor Lael Brainard indicated support for higher interest rates and said a swift reduction of the central bank’s balance sheet could begin as soon as May.
- Technology stocks in Asia-Pacific declined on Wednesday, mirroring losses seen among their...
Looking at a long move up from BUY ZONE to
15260 / 15327 / 15450
We can grab a SELL at 15327 to retest the
daily high at 15261, this would be a hedge
trade as we will still hold our buys with
partials taken and stop loss at entry for a risk
Im bullish on Crypto overall.
Biden’s executive order to address the lack of framework for the development of cryptocurrencies in the USA - showing support in the industry and possible future national acceptance for #Crypto
Optimistic sell zone due to the volatile bearish move pre NYSE, in this situation we have an early sell zone which is basically just a retest on the breakout of trend, not enough validation for me personally buy monitor for some Japanese candle sticks and look for more reasons!
Trade safely, I'm expecting an extremely volatile session today.
A lot of signs technically and fundamentally showing that price wants to push back up.
We have a buy zone and an ideal buy zone - reason being is because they both have equal amounts of validation why price can kickoff from these areas.
If ideal buy zone is broken we can expect a retest on TL and price retesting DB zone.
Lots of mixed signals fundamentally today for Nasdaq, two major events are:
1. The potential for a cyber war against Russia and the USA (this will benefit tech stocks with extremely sensitive bull runs)
2. Future restrictions with Russian banks + businesses which will negatively affect the United States.
If price breaks bug zone and LS we will...
Strong sell off yesterday
We can expect price to retrace as there are signs of a bullish flag - possible buy entries with this pattern would be anywhere from 14234-14270, from there we can see price move to 14320 and potentially our sell zone.
Our sell zone is quite optimistic considering the selling pressure yesterday so we will monitor 14320 for a potential...
Stock futures were lower in early morning trading Monday as investors continued to grapple with the resurgence of Covid cases and an upcoming shift in the Federal Reserve’s easy monetary policy.
Looking to grab buys at nyse to our sell zone, there we will look to sell to 15300.
The omicron variant is raging across the world as the winter holiday season...
Pennant has formed on Nasdaq which indicates a bullish push up, my overall bias is still sells but most likely in that red square, if price breaks through that red square then we will see 16700-16770.
A late sell would be once price breaks that mini red trend line.