I expect the market to find support around the 4800 level and make a sharp run back up for the remainder of March. To at least the 4933 level and possibly back up to new highs before the larger swing down continues. Update to original post on 01/17/2015
Well well. If we dont short this, Technical Analysis becomes obsolete. of course, it can remain in the area and mark marginal tops above 5000 but overall in the next 8 weeks, there is a window of opportunity for a short that could be a nice one.
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...
....Pullback to 4810 inevitable. Question is: when? Astrology (Lunar cycle) helps ))) Market won't stop until Nasdaq breaks to new high
Nasdaq Composite Monthly Bearish Bat with Evening Star RSI diverging, MACD crossing on Monthly scale shows weakness, wouldn't be surprised to see it fall to 3655
3 stage pattern 128 bars (184 days) out is around 4/17
There is not much momentum in the Nasdaq composite. It may experience a pullback just like it did in the beginning of 2014 when the price and the MACD had divergence.
The first green uptrend channel is extended from Nov 2013 right after the break of the trend line, price consolidate and formed a sub-channel (purple closely stick) to green channel. With a recent sell-off after breaking the purple channel, it found a bottom of light brown channel. Price attempted to break the purple channel again. Further price movement is...
Pretty tough for me to assess this chart. 1st I see a Hanging Man with long tail at R1 (not hammer). If uptrend continues, the maroon region could be next immediate resistance @4732 which was the monthly open of March 2000. Going up further we have R2 waiting. R3 is very slim though not impossible (by then i would mortgage my house to short this index for 3-4...
AD Issues is a GREAT breath indicator. It is still in a downtrend showing a big negative divergence. I dont like this at all
If you are already short, remain so until the levels 3721.65.
Until next few weeks. The price will be reduced After the 3840 An uptrend will start. Towards 7200
The NASX bounced off of FIB Retracement 1.618. If bounce doesn't hold , the next most likely stop will be $4040 for another attempt at a bounce. If I understand this pattern correctly the Butterfly pattern will still be valid as far down as FIB 2.618. If I'm wrong feel free to comment. I like using multiple Fibonacci Retracements because at different lows because...
Caution advised, we are not totally out of the woods yet. Better wait for confirmation. Don't chase the market just because you're afraid of missing out a few ticks. Sky is the limit, there's plenty room to run if it did confirm.
The NASDAQ Index (NASX) Daily Diagram Technical Analysis Training shows the following: The NASX has reacted from SPAN B of KUMO but it didn't breached the Kijun Sen. Now the Index is under the Tenkan Sen(green) and Kijun Sen(blue) too. So the first think in mind is the case of a further reaction above the Kijun Sen. MACD is bearish and RSI too. There is no...
The confluence of mid-term uptrend line extended from Nov 2012 and the resistance turned support line at 4364 gave the bull a strong platform to keep running Next, resistance 4610.39
During the dotcom bubble crisis when Nasdaq make the TOP, i saw the it intentionally left a GAP filled only by wick/shadow. 14 and a half year latter, the price of Nasdaq is just a stone's throw away from filling the GAP with many small month solid candles up to ard 4550 and beyond but bound by the rising wedge!! Correct me if i am wrong, i personally feel that a...
Looking on a potential parabolic move in Nasdaq 2015-2016