NDAQ trade ideas
NASDAQ - BIG MONEY MAKING SHORT POSITIONS ?Thanks for coming to this update.
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Looks like there is something big happening with Nasdaq.
The amount of bearish volume present in the candle which did a re-test of the previous ALL-TIME HIGH region as support, is quite high and not seen in a long time.
For further confirmation, looking at the 5 min. chart for NDAQ, the bearish volume, and price expansion do dominate that of the bullish volume and price expansion (See the chart below).
NDAQ may move higher from here, but I think Smart Money could be making its short positions for the time to come.
A break of 120 with volume would be quite bearish and could push entire global markets down with it.
Keep an eye on other indices for such big short positions.
Trade Safe.
Please note: These are my views and not trading advice. Please consult your financial adviser before making any trading decision.
“We want to perceive ourselves as winners, but successful traders are always focusing on their losses.” - Peter Borish
Long term outlook for NasdaqAfter the V bottom recovery and FEDs printing unlimited amounts of money to keep the market up. Finally seeing the market exhausting.
Clues we have for a bearish Bias is
- Break of long term up trend line
- Following the break we form a LH
- Market gives a strong rally up but is met with a strong decline suggesting its a last push.
Right now
We are at a strong support area and is proving to hold up price.
Senario 1
The support holds and we see a recovery from here. (HHs and HLs)
Senario 2
Break support (120 price region) and have a huge sell off.
The next likely area of strong support is at the $100 area
Stay safe guys
The Asset Bubble And The Decline Of The DollarWhat??? Victor Cobra is now bullish on the stock market? Yup, well, the jig is up. Because the initial crash was caused by a global pandemic, it has forced continued loose monetary policy and dollar printing to keep the desperately struggling middle class from descending into chaos. Issues which were present before the pandemic are now becoming too obvious to ignore. Evidently, the FED will continue to ignore these issues at the expense of financial ruin. They won't try to curtail the problem until it's too late. Here is my previous USD/DXY analysis, published over 1.5 years ago:
In my last stock market analysis, I noted the possibility that bottom had been hit. I actually anticipated the massive drop well before the pandemic, but calling a bottom is more difficult. I gave a couple of things to look for, and those bullish scenarios have played out. The result is that markets have been rallying non-stop. Even experts are now starting to worry about a bubble. The charts are now starting to look like 1926, before the true mania period that lead to the tightening of monetary policy in 1929 and the depression for equities. Formation wise, the charts still look quite similar:
From the support test at the orange trendline until 1929, the DJI increased by a factor of 2.85. If the DJI did the same today, that would bring the long term top to 50K and above by 2023! Where does this put the NASDAQ? If it continues to outperform, perhaps 20000/200.
Assets are in a bubble because people want to be in anything except the dollar. Metals, techquities, cryptocurrencies, pharmaceutical companies, collectibles, and anything that can be seen as a store of value. Right now, we're in an interesting predicament. While the average American faces a Great Depression (something I somewhat anticipated although not in the way things have played out), assets have allowed the wealthy to experience the roaring 20's, and it might not be over yet. This is something I didn't necessarily foresee, but my mistake was very similar to Ray Dalio's. Check out his online book - Principles/The New World Order. Highly recommend it.
We now have two different factions of society experiencing vastly different realities. How will it end? No one knows. But I think the dollar will continue to decline towards the 60's, and the U.S. will lose its foothold on the world economy, eventually becoming more insular. This can nonviolent or violent international conflict, a fascist turn (already seeing some of this), or a socialist turn with heavy taxes on the wealthy. Prior to the 80's, the income tax on the wealthy was 70%!!
Regardless of what happens, I think there's a lot of suffering ahead. Until the wealthy begin to see massive losses, we haven't seen anything. This is the roaring 20's where the party is only a small portion of the population. Once the wakeup call comes, my hope is that we'll see some massive financial restructuring.
This is not financial advice! Just my opinion on the markets based on my own observations. This should be used for speculation, education, and entertainment only.
-Victor Cobra
NASDAQ UPDATE ! Sellers continue to allow bullish momentum, WHY?It's on many traders minds, why are Sellers allowing bullish momentum to the upside with minimal volume and volatility, could these contractions be the driven force behind a breakout to the downside? Lets see how this plays out. Avoid the noise of news through this week, as we identified a pattern of manipulation to distort retail traders approach in taking entry positions. If you don't read the news you uninformed and if you do read the news you misinformed, that is why we at IGBO EQUITIES, trade the action of this fundamental dimension of trading. It's all about trading psychology. Good luck !
V Bottom Falling from Rising WedgeNDAQ broke from V bottom a while back
Now falling from a Bearish Narrowing RW.
Looks to be finding support
Long when support is formed
R overhead from prior gap down
Trendline of a prior A triangle seems to have provided S at 119ish
Still over long entry level. I will keep alerts to make sure it found a bottom
Not a recommendation
LONG NASDAQ BUY POSITION, KEEP TILL NEXT YEAR, LONGEVITY IS KEY When it comes to Stocks, and more specific to US stocks, you have to bare in mind that these companies within the Nasdaq, are the driving force behind economic activity within the US. That being introduced, these stocks have one obligation, and that is to appreciate long term!!! I learned that buying Nasdaq, is way more consistent than that of selling! Use news for extra confirmation and guidance not as actual predictions please!!!!
