Well a chart says more than 1000 words Overall trend is bullish, but current predicted crrections(See my previouse Nasdaq trading ideas!) and Gap filling has been ocured successfully. Scenario 1: We keep arriving the bottom of the bear area future zone(red marked Time zone) Powell speaking in Jacksonville, but fundamentals are yellow green. If we break 14488, then...
NASDAQ is in the final stages of the third Elliott wave which started at 6460 (dark blue). It appears to have already completed four minor waves (green) and is currently in its fifth leg. Further, if you drill down, you would notice that the fifth green wave has also completed four minute waves (pink) and the fifth pink wave has completed three sub-minute waves...
NASDAQ appears to be moving in an ABCDE corrective pattern. It has completed four legs and is currently going down in the E wave. Wave E should be made up of an ABC sub-wave. Currently, wave 2 of the wave A is in progress (red wave) which can have another short movement up on Monday to 6950, from where it could go down in the third wave.
Hi everyone. In my TA I'm considering fib levels, elliot waves, Ichimoku Cloud, RSI, and MACD. --> I see a 1-5 count on MACD and price action and we are about the end of the wave 5. --> fib extention shows we have rejected 360% (7.5k) and we see a high+long+red wick that signals reversal soon. --> fib retracement tells us that the next stop(support) is at 26%...
Needs a weekly close <6800 to signal further down $ND_F, $IXIC
1.618 fib expansion 2000H-2002L right above $NDX
Even if Nasdaq is in correction mode NAS100 ABC drive calls for sub 6000. A is done B might be completing soon based on which C will be updated/revised later.
At MA50 now, bullish harmonics in play
Should retreat before next leg higher
Short here with near term bear put option until 20th January, and play the IV collapse 1 day before earnings (27th jan) with calendar put
6-month rising wedge and negative divergence worth watching
Technicals imply a sweetheart deal for MSTX bulls to GET OUT @ 10.3-10.4. This chartist implies to just GET OUT. If only I would take my own advice. Literally, I don't even care about a profit anymore as long as my losses are minimized. Anybody else trapped in the 1408-style MASTX? My opinion based on previous trading sessions is B-b-b-bearish, while a hope and a...
SYNOPSIS : 1 - Overall price action suggests an incomplete 5-wave impulse with Elliott Wave alternation rules giving way to a complex Wave-IV consolidation with support expected at 4104.70, compared to a simpler Wave-II which occurred between 04-2010 and 10 2011; A resultant Wave-V completion remains pending 2 - Predictive/Forecasting Model eyes ONE pending...
It seems only volatility in Utilities can truly threaten equity , so that this might be the ultimate indicator for going short equity . Right now the danger level is very low, because Utilities are through the roof.
Watch the lines. This is the first time I publish this ratio and it looks like it is about to drop.