I have placed some bars patterns that show my current thoughts on the situation with the Nasdaq, it has been performing poorly on relative timeframes lately so I thought I would brighten it up a bit. These bars patterns extend well above the dominant uptrend (observable on the log trend) and more accurately show the bubble we are currently in. Big Bubble, big...
It is like 1969, only exactly the same. (A quote Ashens would say) Sticky inflation begins Gold stagnating Cheap oil, and then not that cheap Space exploration And the following years after 1969, look what happened to: Inflation: Remained for 10 years Gold: After a disappointing drop in 1969-1970, it exploded 19x until 1979. Oil: Increased 10x until 1980 Space:...
Comment : 1) IXIC has been fall more than 20% since previous peak on 16-Aug, bear signal appear next day from top. And today, it finally shows up Bull signal, indicating a short-term rebound. Short-term supporting price is lowest of 17-Oct that is 10569.69, this point must not be broke else the rebound will be ended. 2) TrendX+ indicator - candleestick moving...
Been a while posting about Nasdaq composite index (or Nasdaq) so here is an update: Fundamentals are scary as we all know. Russians are preparing for a 'second round' of attacks on Kiev and no political solutions or a serious attempt is expected soon. It's a major issue for the global economy. Time will be pushing Putin as well, trust me. So we might hopefully...
Which Bull Cycle is market correcting? Answer to this question shows us where MAY be a good point to buy the dip with open eyes and how to be prepared for alternative scenarios. As shown and explained on the charts, there are three alternative scenarios for now and all of them are valid although they have different probabilities. : 1. Best case...
Recently, we warned that the market was likely to bounce after making new lows. Subsequently, that occurred, and the Nasdaq continuous futures rose approximately 7% from their lows. So now, we are again turning bearish on the index in the short term. Our views, like previously, are based on a combination of fundamental and technical factors. We expect these...
I analyzed the Nasdaq index in the weekly time frame for you If until the closing of the weekly candle, the power and body of the candle is as strong as possible there is a high probability that the price will increase until Fibonacci 50%, and then the price will drop sharply.
JC Parets is one of the few experts I follow closely. He's been saying that "cryptos are just riskier tech stocks" and I agree. Just look how NASDAQ:IXIC , AMEX:XLK and INDEX:BTCUSD have bevahed for the las 5 years. They are highly correlated, all have bottomed almost in tandem 3 times. But if you look in daily charts you'll see that Bitcoin actually...
SPX has clearly violated a trend line of this Renko chart. After a false-breakout of the channel, now we progress further downwards. This chart may suggest that even though we have had consistent growth for the last years, every time we cover less and less ground upwards. The next leg up, may lead us to the bottom of the channel and a rejection. Only then we can...
Now we are in a thick moving sand. We need to drop much further to find solid land. A way of looking at the clouds is as if they are mud. We are dropping as if we are very big, heavy and slow. I have drawn some possible support levels. The upper 3 are taken from the DJI/M2SL ratio, and the bottom one is taken after we scale appropriately the GFC. We need to mind...
The anatomy of these two bodies are identical. The murderer the same. The "plateau" that was shaped in 2004-2006, is identical to 2018-2020 The chopped off head exactly the same. Traders in 2008 had no clue (?) what would happen. (I doubt it, many knew very well what was happening) Now that we have a direct counterpart, and a not so distant one, comes the...
Please read to the end, for a probable explanation that falsifies this one. We are living the precise events that led up to the 2000 .com bubble burst and the subsequent 2001 recession. Now however, there was no blow-off-top event to make the two events identical. Back in 1998, there was a "black swan" event, which was more apparent in DJI/SPX. This was caused...
Our last post on the Nasdaq index outlined our bearish stance on the general stock market. Today will be no different, and we will reiterate our grim opinions and provide more thoughts on the latest developments in the market. Since our last article, the Nasdaq index continued to drift lower; meanwhile, QQQ reached our price target of 280 USD and halted its...
SPX daily chart with long term Regression channel, 3405 days, with +3/-3 stdev bands. The Comfort Zone is the reddish area located between +2 and 2 stdev, where at least 95% of price occurrences should occur. This chart shows that the uptrend that started on June 16 failed to break above the +1 stdev line. The mean served as support and allowed a small bounce...
SPX daily chart with long term Regression channel, 3405 days, with +3/-3 stdev bands. The Comfort Zone is the reddish area located between +2 and 2 stdev, where at least 95% of price occurrences should occur. This chart shows that the uptrend that started on June 16 failed to break above the +1 stdev line. The mean served as support and allowed a small bounce...
315 has been a very strong resistance to break for TSLA. On the chart you can see that the top box was built from the top of the breakout gap of Oct25,21 and the pivot point high of Nov4, 21, then we cloned it to establish the bottom box whose floor was the target of the correction, which was met to perfection. Last Friday TSLA broke below an almost symmetrical...
Is this another bear market rally? or just we are at the early stages of new massive bull run? Since hitting 10565.14 low ( which was in 0.5 _ 0.618 Retracement zone of previous major rally from pandemic low to ATH ) , IXIC has started a promising rally for bulls. Is this low market's bottom? It might be, but lets review a contradictory yet valid scenario...
On 15th July 2022, we stated the market was positioning itself for a significant bear market rally in the short term. We said we were looking for a move up of magnitude between 5-10%. Then, a week later, we laid out conditions for the continuation of a rally while stressing our lack of belief concerning the sustainability of the bounce. We pointed out low...