Traders should Observe MACD Break. It is unusual - while sitting near lows it has been unable to clear the Signal Line for greater than one month. Crossing the Signal Line (White Line) would be a Buy SIgnal. This is why the NQ sold off the last 30 Minutes Thursday. Insts knew this presented the potential for a Counter-Trend - we indicated based on VX Price...
I recently made a post on COMPS affection for the inverse H&S This current one, a bitcoin pair is showing the same signs however with a slight difference on the positioning of the head Hopefully a bounce back into the channel and further upsides to come I am long COMP
Despite VIX above 26--which mathematically suggests a bearish SPX-- we can see the Euro barely showed relevance to USD inflows seen over last nights futures session. Going into the Asia open, my bias remains short for EURUSD as shown on Sunday of this week's market open in Sydney.
Shiller vs. Spx for Aug 11th, 2020
Month over month growth vs. year over year growth. It's that simple. For those of you who watch CNBC, Fox Business, or any other mainstream org turn it off and tune in to reality. I can't formulate YoY% nor normalized charts here on trading view (go figure..) but I can do my best to show you all that this is quite the time to be alive as either/both a speculator...
Bullish bias for the DAQ, bearish bias (and current short positions) for the RUT.
The Nasdaq Composite is in a tight consolidation just above a major break out level! Could potentially break higher out of this pattern.
NQ Short play. Above 9227 negates
1999 POINT AND FIGURE ANALOG 2,225 count line + (39 boxes*3 reversal*25 box size)=5,150 Actual intraday high reached on March 10, 2000 = 5,132 CURRENT POINT AND FIGURE CHART Campaign segment #1 target: 7,360 count line + (11 boxes*3 reversal *80 box size)=10,000 Campaign Segment #2 Target: 6,242 count line + (42 boxes *3 reversal *80 boxes)=16,232 Box size...
NASDAQ today is off 1% in 5 minutes trading, seemingly on news of FED benchmark rate cut. FED cutting rates to sustain saturated market prices, increase stock market demand around all-time-highs. It wouldn't be too much to assume because stock (and debt) demand before wasn't adequate to liquidate enough despite prices being so high. Dow Jones Industrial...
Historical price data from the end of 2018 implies heavy selling will occur around the current $7,000 price range. The most recent 5 day historical price data illustrates how heavy selling has occurred after the rebound. Expect prices to retreat towards support levels around $6,200.
NASDAQ correction was serious, especially considering global sentiments with the tariffs and Brexit continuing. Look out for pullback near where it bottomed out during its' last major correction.
2 reasons on 2 timeframes. The 2 drops could have been a warning for a bigger down move to come. Happy to be proven wrong but I can't find any reason to be bullish at this stage.
$COMPQ $TQQQ $SQQQ $QLD $QID $NDX