NQ Ready For A Major 15-30% Short Campaign?
Updated
It is hard to cast a bearish sentiment and never popular in a bull market. While bulls are an excellent thing and easily bring the increase over long spreads of time, bears IF encountered take one swipe causing massive injury just before they stomp and ragdoll its victims in such a way most don't survive.
Bear cycles are very fast and hard in comparision to long drawn out bull cycles, such a thing does not move without making noise.
This is a daily chart of the Nadsaq futures market giving plenty of clear indications a change of trend is likely brewing. Looking at past bull cycles we can see the same thing that presents in any chart in any time frame as a trend chages.
Measurable exaustion in momentum...
The curve is the clearest form of measurment when looking at time vs and how value is gained vs time. As the trend progresses the advances get smaller and shorter lived as can be seen looking at the small yellow curves on the bottom side of the small runs in both bull cycles. Each push up gets progressively smaller and ends faster. This loss of momentum is visable looking at the overal highs of the trend and represented by the large curve. The scale in the middle of this chart is an octive scale using the initial impulse range off the last bottom. For what ever reason the 5th level is a very common reversal level on large and small trends alike.
In laymen terms the rate of returns is diminishing over time until it hits zero and the trend changes....
A decline may or may not come but the chart is clearly indicating you are in serious bear country and need to be on gaurd for hard fast moves to the down side in such a size that once they begin you will wait longer to sell on a recovery that doesn't come until prices are much much lower.
Some leading individual tech stocks are also showing top signals forming this year and last year. Tesla's top came early as it was leading and producing the most gains, Apple currently looks like it is forming a massive top and ready for reversal.
Nothing wrong with any of these assets and likely nothing wrong with the companies, just something wrong with buyers engaging in a positive feedback loop with a freshly printed supply of cash...
Trade Well...
Your Friend,
Degen
Bear cycles are very fast and hard in comparision to long drawn out bull cycles, such a thing does not move without making noise.
This is a daily chart of the Nadsaq futures market giving plenty of clear indications a change of trend is likely brewing. Looking at past bull cycles we can see the same thing that presents in any chart in any time frame as a trend chages.
Measurable exaustion in momentum...
The curve is the clearest form of measurment when looking at time vs and how value is gained vs time. As the trend progresses the advances get smaller and shorter lived as can be seen looking at the small yellow curves on the bottom side of the small runs in both bull cycles. Each push up gets progressively smaller and ends faster. This loss of momentum is visable looking at the overal highs of the trend and represented by the large curve. The scale in the middle of this chart is an octive scale using the initial impulse range off the last bottom. For what ever reason the 5th level is a very common reversal level on large and small trends alike.
In laymen terms the rate of returns is diminishing over time until it hits zero and the trend changes....
A decline may or may not come but the chart is clearly indicating you are in serious bear country and need to be on gaurd for hard fast moves to the down side in such a size that once they begin you will wait longer to sell on a recovery that doesn't come until prices are much much lower.
Some leading individual tech stocks are also showing top signals forming this year and last year. Tesla's top came early as it was leading and producing the most gains, Apple currently looks like it is forming a massive top and ready for reversal.
Nothing wrong with any of these assets and likely nothing wrong with the companies, just something wrong with buyers engaging in a positive feedback loop with a freshly printed supply of cash...
Trade Well...
Your Friend,
Degen
Note
Note
I have added a "potential" momentum curve to the hourly version of the same chart. At this point this curve is complete speculation as it has not yet hit a third time. I will be watching these volume based levels for rejections to signal continuation to the down side for the potential larger move.Note
Note
Looking for a rejection at the current price if not higher prices likely
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Price has broken the previous weekly low
Note
Price again has failed to brake the previous weeks high and has made yet another low. Currently looking of for the weekly down trend to continue with lower highs and lower lows until a weekly high violated. For re-entry considering something like this low time frame chart. Time is not considering in this chart just looking for key areas price may reject from for a lower high. Note
Nasdaq still struggling and short forcast likely in play. I will do an updated video brake down on this today and post to the channelNote
NQ has now seen a 7 day decline. Last 7 day decline was january 2022. As such I am looking for a bounce. Something similar to this Note
After the inititial drop as projected price has now come back up in an ABC corrective fashion that is now complete. As such IF prices are heading to the lower targets this would be place for it to resume the down ward directionNote
Note
Price has came back up as expected and showing signs of weakness. Personally targeting a continuation to the down side.
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