Cheers to all, Day traders and super professionals :)
My experience in trading is based on two assets: Gold and Nasdaq.
Today I would like to talk about Nasdaq and my feelings about it (not super deep chart analysis or patterns).
The US has done a very excellent job since the pandemic. In short, they did the following:
1. Marketing on how dangerous the pandemic is and you better stay home.
2. They printed some cash with giveaway options. :)
3. Marketing in the financial market and how strong it is against all rules of the Economy. (which made you think that you can become the most profitable traders of all time)
------------ They gave you money, and you're invested in the Stock market, Indicies, and Crypto. Im sure 80% of you guys were rich on paper.
Then one day we wake up noticing that inflation is going crazy. USD goes up and all the rest falls. But you baby traders keep Crypto/Stock/Indices somehow losing money which makes you think that this is a scam.
Unfortunately, the financial market is not Amazing which will guarantee you on-time delivery. So the bear market came 1 year later than it has to be with the inflation and crazy interest rate hikes. So the trust of the investors is now at the bottom (including the world conflict we have). But there is a beautiful thing I see same as with the pandemic (You have a fever - Covid, You want to sleep longer- Covid, You got horny - Covid). My point here is that it's all artificial and I can't believe that people that trying to control the world can't control their own inflation and their own market. In order to push the market you need fundamentals and the market was overbought in early 2021 (around 180% (who knows they know)) and what we face now is Perfectly scripted propaganda and normal correction of the market.
My idea is that US100 will come back down to retest the bottom and even can break previous lows. Then when everyone will say that the American dream becomes a nightmare that is the right time to buy. And for you guys who are 12 years old traders simple rule. - Interest rate hike means downtrend, - Interest rate cuts means uptrend for US100, US30, US500.
Once we reach the bottom we will look for opportunities of the Decade. Now we are reaching the interest rate level of 2007. Ask your dad what happened that time, and look on the charts to see what happened after Interest rate cuts.
Thanks!
My experience in trading is based on two assets: Gold and Nasdaq.
Today I would like to talk about Nasdaq and my feelings about it (not super deep chart analysis or patterns).
The US has done a very excellent job since the pandemic. In short, they did the following:
1. Marketing on how dangerous the pandemic is and you better stay home.
2. They printed some cash with giveaway options. :)
3. Marketing in the financial market and how strong it is against all rules of the Economy. (which made you think that you can become the most profitable traders of all time)
------------ They gave you money, and you're invested in the Stock market, Indicies, and Crypto. Im sure 80% of you guys were rich on paper.
Then one day we wake up noticing that inflation is going crazy. USD goes up and all the rest falls. But you baby traders keep Crypto/Stock/Indices somehow losing money which makes you think that this is a scam.
Unfortunately, the financial market is not Amazing which will guarantee you on-time delivery. So the bear market came 1 year later than it has to be with the inflation and crazy interest rate hikes. So the trust of the investors is now at the bottom (including the world conflict we have). But there is a beautiful thing I see same as with the pandemic (You have a fever - Covid, You want to sleep longer- Covid, You got horny - Covid). My point here is that it's all artificial and I can't believe that people that trying to control the world can't control their own inflation and their own market. In order to push the market you need fundamentals and the market was overbought in early 2021 (around 180% (who knows they know)) and what we face now is Perfectly scripted propaganda and normal correction of the market.
My idea is that US100 will come back down to retest the bottom and even can break previous lows. Then when everyone will say that the American dream becomes a nightmare that is the right time to buy. And for you guys who are 12 years old traders simple rule. - Interest rate hike means downtrend, - Interest rate cuts means uptrend for US100, US30, US500.
Once we reach the bottom we will look for opportunities of the Decade. Now we are reaching the interest rate level of 2007. Ask your dad what happened that time, and look on the charts to see what happened after Interest rate cuts.
Thanks!
Daily Stochastic RSI shows a downtrend.
Daily Ichimoku cloud shows support 12433.
Daily Heikin Ashi shows Bears volume.
If on daily we confirm below 12433 we can touch the bottom. GG