NAS100 I hold the long position. From the analysis you can see that a fractal copy is taking place. It can be seen that the price movement is copying the first fractal of the larger uptrend. It can be seen that in both cases the W1ATR started from 50%. This technical support level is significant because the movements that build up after this level imply the...
Analysing data from last week can shed light on this week for NDX with genetic optimization. Based on vGRE* there was no spike but a dip on Thursday suggests price stability and yet with a potential upside. For the week of 19-Jul-2021 to 23-Jul-2021, there is no breach for vGRE*-CR with no clear signal for a change in price direction; Sig starts with 2 buys...
The NASDAQ 100 (NDX) 'Technochasm' is still showing strong momentum on the monthly Heiken Ashi.
A correction will come; but only time will tell when that time is. I am still holding a long position until the market proves otherwise.
Some of the top Nasdaq holdings are over-valued in my humble opinion, with AMZN leading the way BUT, it certainly appears the...
In FED's meeting next week, assuming they don't change their stance on the current levels of monthly bond purchases and the interest rates, NASDAQ100 could go further and hit 14750 a 5% increase from its current levels.
It is also expected that the Q2 earnings season will underpin this summer rally.
Mid-term trade I’m already in. The way I plan this trade is I think Nasdaq is going back to 13400 momentum seems to have run out of steam, in the next week/s i expect Nas to go down around 13400 where I think it’s gonna find support and also an area where I’m going long. You can either short it or play it the safer way and order longs at 13400. If we hit 13400 I’m...
Looking at NAS on the daily, price is approaching a trend line that has been well respected over the past year, along with RSI reaching towards the oversold territory, and the MACD already deep under; from a technical perspective, 12950/13000 could be a great price to enter a long position for a medium term trade. However, the key fundamental factor driving NAS...
If we analyze this from a money distribution point of view you will notice that all selling liquidity has now been purged. This opens up the possibility of a huge downside move next week, we got in a market close last week hoping for downside continuation.
NAS price over the past 6 weeks is forming a pattern that closely resembles Sept/Oct 2020 price movement.
In order for this trade to be valid, point 7 needs to reflect a failed break above point 1 (as can be seen 12-14th Oct). I will be looking for a daily close below 13600, and then below 13530 over the next few trading sessions.
Close above trend line I think could send us back towards ATH over the next few weeks (few key challenges: 13300 & 13700)
Failure to close above this line, I think will send us down towards the lower channel line with ease (around 12500).