Last Friday we saw a sell off in the market. The News telling us that's it because new trading regulations in China and a possible Grexit (Greece could leave the euro zone). What ever it might be. I think, based of the bad data, the sell off will continue the next days . That's why a place my short position on Nasdaq100 at 4385. The bad fundamentals are: US...
4-4 Monday Morning Flush? If so? Good as there are multiple supports just below and any one of them can act as the one the markets react off of. So at the least watch those levels for stabilization. Notice what is sitting at the blue support lines? Key Fibonacci retracement zones of the 38.2% and 50% So for now call those levels multiple zones of support in...
We flipped from a deep red to green today on decent volume. I imagine we gap up tomorrow and test somewhere halfway up yesterday's (March 25th) candle which will decide if we continue higher or lower. Don't be surprised to see more sideways action in the form of a falling wedge or flag over the coming days or weeks. IF we gap down tomorrow then the 150dema is on...
The Nasdaq 100 Index has reached important Fibonacci levels. We believe it's up wave (3) has been completed and a corrective wave (4) is under way with a target towards the 3600 area. Only a new weekly close higher would invalidate this bearish scenario.
Monitor Support Test (weekly Swing)
Short ND 100 for target of 4109 , Nasdaq 100 has reversed from trendline resistance . Any high volume around 4109 would mean a reversal and confirmation of HS pattern
Nasdaq has been pushing higher and higher in the last few years. This Elliott Wave count suggest that the correction from 2002 lows is still in play and new downtrend could begin soon. Do you have any alternative counts?
The 2 charts look eerily similar don't they? This is not a prediction, only an interesting observation. In the short term I think the Nasdaq first goes to the 4000 level and then it retests the 2000 high and "pulls a silver". Will it go down from the 5000, 6000 or 10,000 level only time, the price pattern and investor psychology will tell. For the moment I am...
We are covering our final 3rd of the position. This was a nice kick today (thanks EU). We'll take it and go home flat the NQ into the weekend. We will look for a pullback to initiate new positions. Lesson: Patience! we waited on the sidelines for this to setup and it paid well.
Da bulls. We are long per our last post. We have hit out first target Friday and have pulled our stops up looking to the 4400 area for the next target. The third target will be open. Read past posts...if you were patient you were rewarded on this trade. Stay tuned
This market is getting ready to move and we will be watching for a close above 4275 to get long. Stay tuned. Watch more details: youtu.be
We are still waiting for the $NQ to find out zone around 4275. We like believe price will trade above it and if it does we will look for a trigger on a lower time frame to get involved to the upside. Patience will pay on this. Watch our video on this: youtu.be
$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!!!!!!!
$NQ still has not triggered and it may run away from us...bummer. We will not initiate any new trades until next due to the holiday. This is still our watch list. HAPPY HOLIDAY TO ALL!!!!!!!