Technical analysis is hardly objective, every trader sees his/her brain imagination result. We can't see the future, period! I often entertain different ideas for a mental gymnastic only. Full disclosure, as a day trader, I don't really care where the market would go. I tag along with a short term sentiment. Anyway, while looking at this daily chart and...
NDX made a nice up move as per trade plan given last Friday (). Overall, NDX is very bullish the past month with AAPL and NVDA at ATH. Weekly wise also no bearish divergence. What is strong will continue to be strong till it is not. Likely market would need further upside to call a top. For today, will like to see a dip to the PZ to go long. If market instead...
Hello everybody! Today we will get the release of the inflation numbers, so I would like to give you a solid update! First of all, we are observing a gradual shift from bearish to bullish attitudes, particularly as the SPX is reaching the 4350-4400 mark, a target I previously highlighted multiple times on both Tradingview and Twitter. However, we must remain...
Tech Surge: AI Stocks in the Limelight The performance of US stocks in the AI sector has been nothing short of remarkable, with over $3 trillion added to its market cap since the final quarter of 2022. The upward trend suggests further potential growth despite a broadly stable or mildly declining US stock market outside the US Megatech sector. The enduring climb...
The Nasdaq market has been the most impulsive looking of the indices. Having stretched slightly above the .786% retracement off the move down from November 2021 highs to the October 2022 lows, price looks to challenge the overall bearish structure. Unlike the other indices, the Nasdaq shows a clear impulsive structure. However, the problem with this idea of...
- NASDAQ and ES futures confirmed a hourly downtrend i want to see it confirm on market cash open on QQQ and SPY to be more convincing - the size of this pull back will determine if we can short a daily lower high if its a shallow pull back then bulls are still in completely control
Weekly Analysis June 20 - June 23, 2023 During the previous week, NQ entered the zone of the daily Order Block (OB) and came close to testing the Mean threshold of that OB. It also entered the Monthly BB-. Therefore, this week, I anticipate a retracement to the 4-hour OB level between 15188.00 and 15094. For an ideal scenario, I would like to see a bounce from...
Frankly speaking, the pattern that would make the most sense for the markets with the situation in the world at present is that the ATH on Nasdaq, Dow, and SPX are taken before the end of '23. However, there are a number of problems that indicate despite the extreme greed, bear capitulation, and bull euphoria this may not happen. One of the biggest fundamental...
Started building a swing position with puts and margin. Will be actively managing it. Looking for approx 20% drop from here. Markets euphoric, greed, AI mania. FED clearly signaling more hikes. Markets digesting news on a big resistance level. Trend reversal imminent. Will look to scale out on a few daily consecutive closes above red box. Enjoy.
If you’ll remember in October of 2022 when the SPX had declined 27% since the January all-time highs. It seemed the sentiment and market news were uber bearish with back drop of the Federal Reserve hiking rates by an unprecedented .75 points at its FOMC meetings at the time . Around the December lows, we began discussing in my trading room what the sentiment...
The region highlighted on this chart is a bearish region. It will be key to future PA, close above it and we'll see new highs, fail to close above it will result in sell side liquidity to be taken. Don't take this as a financial advice. only my 2 cents on it
In this post I would like to remind everyone of two critical points: 1. Overall market fundamentals are not very good because the situation in the whole world right now is not very good. The Millennial-themed Coronavirus Disease 2019 (COVID-19) was ultimately little more than a pretext to drop economic stimulus under because the economy was already #rekt in...
Technical Analytics: - It's doing a wave ((1)) in black - H1 and H4 right side is up Technical Information: - If you're a position trader, you must wait for all time high and only buy after when the correction ABC or WXY is complete - For swing trader you need to wait for more data
Today is looking extremely promising for Nasdaq! We have a head and shoulders pattern forming but with recent positive fundamentals we could see this pattern invalidating taking us to our key area at 14704. If our guys are invalid we have a key reversal area respecting the head and shoulders pattern - once buys are taken and closed we monitor for a sell in our...
Anyone who answers yes or no definitively to that question is really just guessing. As a practitioner of Elliott Wave I can answer that question in two-parts. 1) There is not enough price action to make such a determination In my trading room we discuss the key levels that need to be breached to even start to consider the upside pattern is cracking. To date,...
NAS100 / 1D Hello traders, welcome back to another market breakdown. NASDAQ has broke above a major key level. However, The price is over extended, so I'll be ecpecting side ways pull-back based on profit taking more than a follow through in the next week. The price is near the channel plus previous brekaout points technically that might encourage profit...
Hello, traders. The Nasdaq is coming out of the negativity. And it broke the bearish flag, there are very positive signs on the upside. With the resistance 122000 broken, there is more to go up . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
There is a high possibility that the NASDAQ will rally as the descending channel is broken and the side flag is broken. What do you think, my friends?!