privatedvlper

NASDAQ ANALYSIS

Short
OANDA:NAS100USD   US Nas 100
Nasdaq stocks , some of which recently tagged ATH are showing signs of rejection. Apple and Microsoft stocks are leading the NAS 100 stocks and the bulls were recently rejected at a major resistance level. I shared the ideas here:

At the same time, bond yields ( both long term and short term are falling, meaning that the investors and the market are nervous , and they are buying bonds. The stock market and the bond market are like two poles on the opposite of each other. With money out of the stocks, you can be relatively sure that the money is going into the bond market. I shared the ideas on the treasuries here:

With bond yields falling, and specific stocks being rejected at ATH, these are strong signs that NASDAQ bears are on the horizon.
Comment:
Price was rejected at 15400 by close of the weekly candle. Watch for the close of the monthly candle the coming week.
Comment:
The bearish momentum is clearly building up. Specific stocks like Apple, Microsoft, Tesla are leaving a upper wick on the monthly candle. This is the final week of the month and it will be interesting to see if the bears push price down to close at/below the opening price.
Comment:
At the current levels where the market has been consolidating for days, I also have to admit that anything can happen. Don't be surprised when the market breaks to the upside and starts a bull run. Use risk management and always keep an open mind !
Comment:
The 15200 resistance did not hold. Its now clear we are headed to the previous highs at 16700. Sorry guys !
Comment:
Maybe the resistance will hold after all ! Maybe that was a classic fakeout !
Comment:
THE DOWNTREND RESUMES !
Comment:
THE NASDAQ BLEEDS !
Comment:
If the FOMC maintains the Dollar interest rates @ 5.50%, that will add more fuel to the DXY bull run, and NASDAQ will BLEED !

Thedeveloper
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