Its one of the index I usually look very closely. After the strong drop on 6000 I think it has gone bearish now. But the bullishnes for the last two days have created doubts for me. I still think its bearish because of two reasons: 1) 6000 was an all time high and it needs a good correction to go up. In my opinion a good correction is 0.78 fib mark which is...
The index remains in the ascending trend channel and just broke the bullish flag at the resistance level of 5920. The next target will be the all-time-high at 6000. trading idea: NDX 5931 Stop loss: 5800 Target: 6120 Chance/Risk ratio: 1,4 No Investment or Financial Advice.
Hidden bearish divergence + s/r test = short.
Two pinbars might be the beginning of a bearish trend
NASDAQ 100 index, nears UPtrend support line.
I just wanted to follow up on my last post, after I had first realized that $QQQ and $BTCUSD move in a pretty close lock-step, with the Nasdaq 100 actually making the moves first. Still been trading this strategy with a pretty high success rate. Here's my first post on the idea.
When it breaks below the channel, the game is over.
This is Nasdaq weekly with the Nasdaq VIX. If VXN is above the red line it is bearish for tech stocks.
If RSI breaks descending red sloping resistance line, potential for a strong rally.
Possibly a pitchfork, either way, a pullback before higher
Hi Guys start looking for buy on NDX this time for again upside mode ! hope you Guys don't miss it if it happens ! Use money management!
The intraday bearflag continues, the strongest becomes the weakest.
www.tradingview.com Previous market tops behave the same way. This is just an interpretation of what might happen. For educational purposes.