Nasdaq 100 IndexShort
Nasdaq 100 3day 50ema/200ema Bear Crossover
Updated
What's up everybody? We are breaking down the Nasdaq100, 3day 50EMA/200EMA bear crossover that we just witnessed and we are going to break down when it took place throughout the history of the NQ100.
You can see the crossover here. Very important levels, very choppy day.
The last time we got this crossover on the 3day of the 50EMA/200 EMA was September 2008 . We got a 29% drop. Again, this is a conservative drop. This is well after the cross. We see -29%.
Prior to September 2008 we see the 3day 50EMA/200EMA bear crossover in February 2001(the tech bubble) and we see a huge -55% decline.
The 3rd time is the one out of the three times that we did not see a collapse. This was the bottom signal back in November 1990. That's why it's very important to watch these levels here.
So what we're looking at, we're trying to see if we can push up and hold the 20EMA on the Daily here. And again, if we zoom in, you can see this is the area where we got the bear crossover on the 3Day. Bulls want to see it push up and hold the Daily 20EMA at 11,252 and test the Daily 50EMA around 11,732.
Again, NQ100 testing the Daily 20EMA and is getting overbought on the stoch rsi. The last time we saw that, we saw the push down. Very interesting levels here.
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
You can see the crossover here. Very important levels, very choppy day.
The last time we got this crossover on the 3day of the 50EMA/200 EMA was September 2008 . We got a 29% drop. Again, this is a conservative drop. This is well after the cross. We see -29%.
Prior to September 2008 we see the 3day 50EMA/200EMA bear crossover in February 2001(the tech bubble) and we see a huge -55% decline.
The 3rd time is the one out of the three times that we did not see a collapse. This was the bottom signal back in November 1990. That's why it's very important to watch these levels here.
So what we're looking at, we're trying to see if we can push up and hold the 20EMA on the Daily here. And again, if we zoom in, you can see this is the area where we got the bear crossover on the 3Day. Bulls want to see it push up and hold the Daily 20EMA at 11,252 and test the Daily 50EMA around 11,732.
Again, NQ100 testing the Daily 20EMA and is getting overbought on the stoch rsi. The last time we saw that, we saw the push down. Very interesting levels here.
_________________________________________________________
This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
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