$NQ never trigger and now may present a good opportunity. We are waiting for a close above 4275. Once this takes place we will look for trigger longs. HAPPY NEW YEAR!!!!!!!
V's are in for the season. As we said on the $ES chart...the $NQ is in full buy mode. We are looking at a test of the highs and then possibly the 4400 area. Keep it on your watch list.
Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops. Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price....
Could bounce from here if not then next levels are another 5-10% down.
Here we have almost identical price action, earlier this year and again over the last few weeks. The last action saw a mild pullback of 5%. Could we see this happen again? Notice the Pinching of the bollinger bands at almost exactly the same position of the arc, and the MACD looking very similar too in both periods. The case for a correcting market builds yet again.
The Trade is marked as short due to the red Triangles down on the right hand side of the chart are indicating a short sell. We can see a box consolidation here - if momentum stays sideways we can expect a breakout up green up triangle or breakdown short red triangle. These signals are painted by the indicator "MTORLevelsSig" AKA MicroTrends Open Range...
NQ sits above long term channel resistance, and is likely to fall back into the channel this week given the pressure on NQ's weekly RSI, Stochastics and MACD which are rolling over from recent tops. High momentum names like Netflix (NFLX) and Tesla (TSLA) continue leading the topping process on NQ, anticipating the end of US QE in October. Visit goo.gl for...
Consider shorting the Nasdaq100 which is highly represented by technology stocks. Even if you don't believe there is a severe correction around the corner, tech stocks are extremely expensive. A move above the asset bubble trend is telling me there may be a pullback to the middle of the linear regression line - minimum. Consider selling one the price move back...
Ok - a few questions: direction? NORTH; wave? Cycle III; range? $ 112; what in the coming weeks? Alibaba IPO. It's basically everything. Cheap money results in an increase on the indices. We are waiting for a correction. www.cnbc.com www.alibaba.com
Is all on the chart :) Got in at $76.92 now up at a substantial gain at over $10. The only thing that makes sense to do is wait for a short if/when this support level is broken, but in this market? I'm setting up for a downward biased, neutral trade. Check out related idea for reference, and thanks for viewing!
Simple wolfe waves pattern with a divergence on the AO Good Risk/Reward
The more time we consolidate below the most recent highs the higher likely hood we continue to the down side. That being said there is alot of unrest over seas and that can have an effect on the markets so be nimble.
Shorted Facebook on the day of announcement knowing that the HFTs (High Frequency Trading bot) will pump it up high into the sky... (Same for Twitter) It is now approaching the support level at $71. Target = $85. If there are no major issue such as Ebola outbreak, Israel/Gaza war escalation, etc... This bull run should at least last for another 6 months to 2 years...
TQQQ broke through the two previously established levels of support and past our focus line, we're hoping for some more weakness before the getting in for the bounce.
Current price presents a relatively low risk entry point to Facebook and a potentially high returns over the coming days. Will we finally break out of the green trend line that Facebook been trading on for the past 3 months? Stop loss: 63.83 Open: 66.97 Target: 82.32+
Although there is naked structure of resistance and no confluence, I would like to see some bearish divergence on the RSI to confirm this pattern reversal. Nasdaq have been bullish quite sometime and it is indeed due for pullback to catch a breathe.. This pattern could very well confirm that. Looking to take a target no more than previous resistance now turn...
While the stochastic remains heavily overbought (which it can for extended periods of time) price broke through resistance to make new highs. the bearish hanging man formation was rejected and we have new highs. While price may retreat a bit from this level the channel higher is intact. Prices will continue north over the medium term.
Well, the basic NASDAQ is what it is. But on a bigger picture and scale, NAsdaq 100 Above 20 day Average is a very good indicator of the trend. Bare in mind that the growth rate of US was -1% for 1Q2014... And this despite a low USD, favorable for export, number of jobless decreased, Shell-gas production increased....... Therefore, the trend is really worrying...