The NASDAQ, one of the most closely watched stock indices globally, is often characterized by its volatility and tendency to be influenced by tech and growth stocks. In this analysis, we will examine three key elements: periods of overvaluation represented by "circles," the potential presence of hidden bullish RSI divergence in green, and bearish RSI divergence in...
Taking a quick look at the IG Client Sentiment, Retail Traders have shifted to a more bullish stance with 51% of retail traders now holding long positions. Given the Contrarian View to Crowd Sentiment Adopted Here at DailyFX, is this a sign that the SPX may continue to fall?
Nasdaq (NDX) gave us a low risk sell trade last week (see chart below), where after taking the loss on the Channel Up bottom buy, we reversed to selling on the break-out and hit 14530: Standard 'buy low, sell the breakout if invalidated' approach that aims at assuming low risk near supports/ resistances and high return when those break. This sell-off brought...
There are looming risks that could "break" the US economy and end its current growth cycle. Third-quarter GDP estimates are tracking above 5% and the US economy has added more than 2 million jobs year-to-date. But there are three looming risks that could "break" the stock market and economy and end its current growth cycle, according to a Tuesday note from Ned...
History and Introduction Everyone in the market today remembers broadly the financial response to C19. It We see it every time that we look at the price chart and we see the spike down and the V recovery. What a lot of people may not remember is the investigation into SoftBank for essentially causing a short squeeze by use of call options and gamma hedging. ...
TL:DR The NDX & Yeild Curve Inversion Pattern suggests that price is bouncing very technically and logically at a long term support trend line. The bubble phase will be complete when price action gets a lot of "white space" between itself and the trendline and the yield curve inverts again in about 2 years. Introduction There is definitely a lot of...
Red September, Low Volatility, FED, mixed news. The worst trading month of the year has just begun. Thi week Wednesday is more important. 2 Gaps are still open. Up from next week , we will have rarely 3 open gaps(contracts rollover). This is the firt senario was if Nasaq reaches upper gap first15850-159950. As weexpect massive short selling combined with lower...
Everything is cyclical. Every asset has its own cycle eventually in its own time. From Crypto to Real estate and Technology. I crossed compared the Energy sector to the Technology Sector. XLE/QQQ Then overlaid the Technology Sector to the Energy Sector QQQ/XLE As you can see there is many clues where one will always outperform the other. You just have to hold...
Tesla's stock just had its worst week of 2023, plunging 16% on Elon Musk's earnings-call nightmare. Tesla NASDAQ:TSLA shares plunged 16% over the five-day stretch ending October 20, as disappointing third-quarter earnings and a disastrous call led by CEO Elon Musk sparked a sell-off. The nightmarish week wiped nearly $130 million off the EV maker's total...
Nasdaq (NDX) has completed a Bullish Cross between its 1W MA50 (blue trend-line) and 1W MA100 (green trend-line). Even though it's not a Golden Cross, on the 1W time-frame it attracts particular importance as the last time we saw this bullish signal was more than 13 years ago (February 08 2010) in the (sharp) recovery process after the 2008 Housing Crisis. The...
Yesterday I gave 2 sell limits (). I would say that the bulls probably won it but the 14760 short level still worked well as it hit and market pulled back over 100 points. Overall, price action looks bullish, with what looked like a reversal candle on daily. Price, however, is still below the DBZ, thus need to be nimble on longs. However, IMO bond yields seemed...
The market almost closed positives today in the back of tech stocks rallying. A massive gap down was bought up off the lows today. Banks continuing's to sell off despite yields and the dollar cooling off today.
Nasdaq is having the strongest two day stretch since October 6th, turning around the 4H timeframe from vastly oversold to nearly neutral (RSI = 41.141, MACD = -139.060, ADX = 43.205). If the 4H MACD completes the Bullish Cross, it will be on the same low level as September 24th and August 21st, which where both Lows of the Falling Wedge pattern. If it fails to be...
High probability of a 1000$ drop or even more, with a clear triple top formation. We are topping here... after Dow Jones and S&P500 it's time for a weak tech sector. I see an acceleration of the bear trend in the next few hours.
Nasdaq is extending the decline it suffered at the top of the Falling Wedge pattern. The Falling Support is the level to watch for buying and the price is within days from hitting it. Trading Plan: 1. Buy when the price hits the Falling Support and the MACD (4h) makes a Bullish Cross. Targets: 1. 15000 (slightly over the 0.618 Fibonacci). Tips: 1. The MACD (4h)...
S&P500 broke for the second time the 200 EMA This time it seem serious with a VIX index above 20 and moving higher, and the S&P500 index on the right top of a huge double top. High yield bonds, war risks and recession risk add fuel to this move. Target for the double top is the area 2630-2525 in the long term. Bullish scenario only above 4600. Worth to be 100%...
💡 Pattern: Cup & Handle 💡 RSI: 47 Neutral 💡 Risk: Medium ✅ Resistance: 370, 385 ✅ Support: 350 PERFORMANCE 🔴 ST: NEGATIVE 🟡 MT: HOLD 🟡 LT: HOLD *ST: Short-term | MT: Mid-term | LT: Long-term Verify it first and believe later. WavePoint ❤️
Nasdaq / US100 is trading inside a Falling Wedge, currently on the 3rd bearish leg of the pattern. Be ready to buy when the 1day RSI touches 34.20 (Support A) and target 15100 (Falling Resistance). The Sine Waves show an amazing symmetry between bullish and bearish legs. Previous chart: Follow us, like the idea and leave a comment below!!