NASDAQ - 24h expiry - We look to Sell at 12920 (stop at 13090) Posted Mixed Daily results for the last 4 days. The 161.8% Fibonacci extension is located at 12304 from 12972 to 12559. Bespoke support is located at 12277. Selling spikes offers good risk/reward. The bias remains mildly bearish but there is scope for a move in either direction at the open. Our...
The strong trendline in white shows that IXIC is looking for another touch. I see 10k as a strong psychological support and the spot for price to be tested. Drawn a little dotted trend line to show downward movement. To 10K !
31st of March has consistently been either: a sharp turning point, a spike in trend action or a calling for a long-term trend reversal. S&P 500 and Nasdaq have followed this odd tendency correspondingly. For a few significant reasons below, I anticipate this year's 31st of March will astonish many of us. Distinct Timing: Alignment with KEY economic data...
Firstly, September 2007 - Lehman Brothers collapse March 2023 - Silicon Valley Bank collapse Asset correlations (bottom pane): Gold ( red ) - on a slow rise in 2007, same as today Dollar strength ( blue ) - bearish in 2007, same as today Nasdaq (orange) - bearish in 2007, same as today Indicators' inference : The top pane shows a...
A rare perfect fractal chart of Tesla just appeared. In this video, I explain that while it may be bullish in the short term, the long-term chart looks quite ominous. Link to my TradingView post on Advanced Bull Flag Concepts: Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one...
I believe it will play out like this timing may be off a bit but I believe these targets are the likely scenario as we are in a super wave 4 down that needs to correct the super wave 3 which was created decades long highs
Following the FOMC’s rate hike, markets continued to rally yesterday until the closing bell when tech giants Alphabet, Amazon, and Apple reported their earnings. Bleak numbers poured cold water on a rally, and in after-market trading, Nasdaq 100 index fell more than 2.5%. However, this move quickly recovered, highlighting the market's growing fragility. With VIX...
US composite index shows that short term strong economy and inflation would moist the market. It means short term buying opportunity is ahead right now. Tech stocks rally may start soon. My target is 12900and let's forget about the FED for now. sometimes brave investment gives us a good profit.
IXIC (NASDAQ)- I predict NASDAQ will continue to be bullish until mid-July 2023. A correction build up with be sustain for around least 3 month before it starts climbing up late September and reach the highest target this year.
NASDAQ - Intraday - We look to Buy at 12272 (stop at 12200) Selling pressure from 12744 resulted in all the initial daily gains being overturned. An overnight negative theme in Equities has led to a lower open this morning. A Fibonacci confluence area is located at 12272. Intraday signals are far from strong. Dip buying offers good risk/reward. Our profit...
NASDAQ - Intraday - We look to Buy at 12404 (stop at 12293) Posted Mixed Daily results for the last 9 days. An overnight negative theme in Equities has led to a lower open this morning. A sequence of intraday higher highs and lows has been posted. Bespoke support is located at 12383. A Fibonacci confluence area is located at 13347. Our profit targets will...
History is Bullish on Nasdaq: The Nasdaq-100 index is home to 100 of the largest technology companies listed on the Nasdaq stock exchange. It had a miserable year in 2022, declining by 33% as investors trimmed their bets on the high-growth tech sector. But based on the annual returns of the Nasdaq-100 dating back to 1986, consecutive down years are incredibly...
Hello traders 👋 According to 1 day chart, Nasdaq index is ready to do it's last downward movement. Hence I've prepared my analysis on how to trade in the bearish market. Many said rise from the previous low point; 11050 indicated beginning of bullish market. On the other hand, I think it is the 4th wave correction. Therefore I will continue to do short for the long term.
Hello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a nice day. ------------------------------------- -------------------------------------- (DXY 1D chart) It is necessary to check whether movement can be continued in the channel indicated by the ellipse. If it stays below 101.860, it is...
Realty != Belief The secret to this market is to lower your expectation continually. Bulls do not realize they are sitting in the largest bull trap ever setup. Macro bottom still pending... it's more of the same: drop, consolidate, drop. A wise Bera once said: Resistance is infinite and unbounded. When a level is broken, there will always be more...
On 5th January 2023, we noted that the breakout above the upper bound of the descending channel would be bullish for the Nasdaq 100 index in the short term. Quickly after that, NQ1! broke above the resistance and embarked on the longest winning streak since November 2021. This recent move-up has been accompanied by market euphoria and overly bullish calls. Many...
I am presenting the difference between SPX (top pane) and SPX/major safe heavens (middle pane; spread graph). The pane below portrays the correlation coefficient (CC) in rsi values between the main spread graph and traditional safe heavens. Skip to the last paragraph for my forecast speculation if you are familiar with advanced spread graphs! This graph aims...
The balance between SPX, NDX and DJI changes. Some are stronger than others. If we don't have food on our table and if there is no electricity or internet, who will go buy the new shiny faux bijou? Meta, Tesla and Google need internet to exist. If push comes to shove, they will be the first to drop. Tread lightly, for this is hallowed ground. -Father Grigori