Massive Bull Trap - Nasdaq 100 IndexThe 2022 March low is a massive bull trap, signaled by trend breaks and a monthly RSI divergence. The setup here reminds me of 1987.
Check out the Sqzme DIX index to see the balance of OTC transactions (Over-The-Counter trades, conducted by hedge funds, banks etc).
DIX indicates a bull trap to a scale not seen in over 10 years. Heavy OTC buy-side initiation occurred during the 2022 Feb-March dip, similar to after the Covid low.
DIX has now fallen back to historical averages, without any equivalent sell-side activity occurring. This indicates that a significant number of OTC customers are now trapped in losing positions.
Crash!!!!!
NASDAQ VWAP to 5074 ? Done.Chart show's NQ Monthly price 2002 - present.
Red dotted line: 1 year VWAP +/- 2.5 SD www.investopedia.com
White dotted line: 10yr VWAP, and the white band is+2.5 SD
10yr VWAP today is at 5074 (thus the title) while price
Is it reasonable to suggest NQ may drop to it's 10yr VWAP, to 5074?
Yes, it's a plausible expectation because.
It's happened before (2002 and 2008).
Every year price has followed its 10yr VWAP, albeit from 2.5 SD above.
There's a fundamental narrative that allows for just such a drop.
Is this certain?
No. Because:
At the end of VWAP's period (10yr, 1yr, Q, M, W, D, etc) its calculation starts afresh with volume=0. For example the red dotted 1yr VWAP gaps to price (up/down) every January 1st. Therefor alternative outcomes include:
1. Price remains 2.5 SD above VWAP until Jan 1st 2030, then gaps-to price.
2. If price comes down slowly over a multi period, the 10yr VWAP will rise (as lower prices get averaged in) until they meet far above 5000.
Notes:
NQ futures, first contract continuous.
VWAP's SD may not be valid at this TF. The 10yr VWAP's lower band quickly drops below zero. That said, the +2.5 band has been very useful over the last 12 years.
Finding a useful solution is left as an exercise for the reader. (Hint: Percentage)
XBI outlook on future medicine We see it in our favorite sci fi movies: the cure for cancer, biotech armor, mind altering substances to enhance intelligence, so on so forth. Assuming this index is the representation of biotech importance, I'd like to hear ideas for how biotech would crash. Everything we've seen from the movies can be reasons for an increase in price.. but what would cause the destruction of biotech funding? Is it even possible? If we want to achieve space exploration.. how could biotech ever fail? Thanks.
$UVXY 24 hours max! in and out 👁🗨*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management
My team purchased shares of Inverse ETF $UVXY this afternoon. This set-up will challenge our 1-hour chart abilities.
Our first take profit is set at $18. Our take profit 2 at $20 may or may not get hit. We have also set an automatic stop-loss at $14.25.
ENTRY: $15.50
TAKE PROFIT 1: $18
TAKE PROFIT 2: $20
STOP LOSS: $14.25
If you want to see more, please like and follow us @SimplyShowMeTheMoney
THE ROOF IS ON FIRE but 💯 MAJOR OPPORTUNITY⚠️This is the song that came in mind when I checked prices this morning:
Lyrics
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
We don't need no water, let the motherfucker burn
Burn motherfucker, burn
Hello, my name is Jimmy Pop and I'm a dumb white guy
I'm not old or new, but middle school, fifth grade, like junior high
I don't know mofo, if y'all peeps be buggin' givin' props to my hoe 'cause she fly
But I can take the heat 'cause I'm the other white meat known as "Kid funky fried"
Yea, I'm hung like planet Pluto, hard to see with the naked eye
But if I crashed into Uranus, I would stick it where the sun don't shine
'Cause I'm kind of like Hans Solo, always stroking my own wookie
I'm the root of all that's evil, yea, but you can call me Cookie
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
We don't need no water, let the motherfucker burn
Burn motherfucker, burn
Yo, yo
This hardcore ghetto gangster image takes a lot of practice
I'm not black like Barry White, no I am white like Frank Black is
So if man is five and the devil is six than that must make me seven
This honkey's gone to heaven
But if I go to Hell, well then I hope I burn well
I'll spend my days with J.F.K., Marvin Gaye, Martha Raye and Lawrence
Welk
And Kurt Cobain, Kojak, Mark Twain and Jimi Hendrix's poltergeist
And Webster yea Emmanuel Lewis 'cause he's the Antichrist
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
The roof, the roof, the roof is on fire
We don't need no water, let the motherfucker burn
Burn motherfucker, burn
Everybody here we go
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Throw your hands in the air
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Wave 'em like you don't care
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Everbody say ho
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Everybody here we go
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Throw your hands in the air
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Wave 'em like you don't care
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Everbody say ho
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Everybody here we go
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Throw your hands in the air
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Wave 'em like you don't care
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Everbody say ho
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Everybody here we go
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Throw your hands in the air
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Wave 'em like you don't care
(Ooo, ooo)
C'mon party people
(Ooo, ooo)
Allow me to be cool with this...
All is see is :💯 MAJOR OPPORTUNITY⚠️
the FXPROFESSOR
Bull? Bear? Swan?
The chart:
Shows an index average for SPX, NAS and DOW using rescaled CFD and futures prices.
Indicator is a momentum oscillator (midline) with an envelope much like a Bollinger band.
The paradox:
The consensus is the chart is a picture of 'doom' (as bearish as it gets).
At the same time, every trader in the chat room was bullish on the upcoming 12 hours. Not a single bear.
The assumption that recent outcomes will be repeated is also called "The Hot Hand" .
Both chart and traders refer to the same asset class. The chart accurately describes what traders experienced. Same information, but divergent conclusions and sentiment.
Why the gap?
One contributing factor is likely the qualitative difference between looking at a chart, and trading that same market in real time.
Research shows that when we "experience" outcomes ourselves we pay more attention to the most recent, frequent and impactful outcomes. This does not happen if we get the same information on a chart, from a discussion, or the news.)
In his book "The Black Swan", Nassim Taleb attributes peoples 'black swan blindness' (pp.77) to never *experiencing* an event, even if the information is available in some descriptive format (like a chart). There is a similar discussion in the chapter on rare events (ch.30) in Kahneman's book "Thinking fast. and slow" .
Lastly, lab studies from economics, finance and psychology provide data for both predictive and descriptive models. These models can be used to predict how personal experience with risk will result in different sentiment that a simple description of the same information. Some of this research is summarized in a Psych-Science paper at: pure.mpg.de
Notes:
This way they can share the same USD scale and
are weighted so that a 1 point change will imply the same change in $ terms. (For weights see: www.barchart.com ).
In basketball there is a belief that a player can be on a hot-streak and more likely to score. Despite the compelling belief, statistical studies show it to be false. The same can be said for consecutive sessions in the equity markets. On a whole the market is largely efficient thanks to our relentless effort to remove every last inefficiency.
Beautiful SHORT Opportunity On This ALT MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
KNC looks ready for a retrace drop short trade and we in CryptoCheck intend to be prepared for it $$$$$$
Understanding market structure is very important to make money in the market
DO NOT MISS OUT
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DASH IS LOW!!!Currently, the market is down. I just got back into the market to view these levels and it's crazy. All I can say is get ready for the whales to start purchasing and continue to build your position.
Luna - There is more high chance that ICX will double then Luna!The most waiting for the best times for Luna - and I can understand that since luna had a huge crash.
but if we go to technical analysis there is more chance that (ICX) icon will double 100%, than luna will do.
And yes i can also understand that some hope not only a double but more X times increase - first of all, we should understand the market cap well - and doing on the counting on it, this will bring us to think more logically. one of the best coins has at this moment between 5-10B coinmarketcap. even with this supply, Luna still has low change, there should come really huge change, like burning, and more.
In my view, I say ICX has more change to go 100% increase coming time than Luna, and let me know if you agree!
Time will learn, there is noting 100% garanty.
If we are headed into 08 Crash...If we are headed into an 08 crash we are looking at a 50% pullback from Novembers top lasting about 70 weeks from November 2021. This would put bottom around 2100 with a complete bottom around June 2023. THIS IS ALL SPECULATIVE and not financial advice. This is just a comparison to the previous drop in 2008 we are facing different headwinds this time around so it is still unknown what the outcome will be. There is a chance for more or less carnage than we saw then. While playing in this Bear Market always remember to take profits quick! Good Luck All
S&P 500 ( BEST Buying Area ) LONGSince we are facing a supposed Crisis, we are going to try to analyze which zones can be the best buying zones for the S&P500 and be prepared to be able to buy Shares, participations in the S&P500, etc. when the time comes.
We can see that by technical analysis, we are in an uptrend for years. The Fundamental supports are:
- 3194 : Represents the 61% Fibo of the last impulse from COVID19 + Bottom of the Channel.
- Between 2508 and 2185 : ( Zone ) Institutional Support + 61% Fibo of ALL the impulse since 2009.
- 1863 : Last Zone of Institutional Support.
- In case of a break of 1863 the next zone would be between 800 and 700 ( it would be an extreme Chaos )
All these scenarios are possible, although each point mentioned above is less likely one than the other to happen, but you always have to have a broad view of the market.
- The first buy signal to watch for is the monthly RSI. When it reaches the Low levels and we observe a Reversal in the indicator, it has always been the best buying point.
- The next buy signal to watch for are the above mentioned points. The price must converge at the same time in the zones mentioned above. We do not know exactly what point the price will reach, but we do know where we should look.
Once the two scenarios happen, we can prepare to BUY a good amount of Stocks or the S&P500 itself.
These are scenarios that happen very few times in life, we must take advantage of them. In 50 years as we can see we have had 3 equal opportunities that we can live again, from the first opportunity we had 28 years passed until we could have a new similar purchase signal, then 7 years passed until the next signal, and this time ? we are still waiting, 13 years have passed since the last opportunity, but it seems that we are closer to a new golden opportunity ... . Therefore, it is essential to have sufficient liquidity.
Good luck
BTC: Margin call for Microstrategy?!Bitcoin
Intraday - We look to Sell a break of 28548 (stop at 29111)
Daily signals are bearish. A break of the recent low at 28615 should result in a further move lower. 28561 has been pivotal. There is no clear indication that the downward move is coming to an end.
Our profit targets will be 27151 and 26651
Resistance: 30000 / 31000 / 31400
Support: 29000 / 28600 / 27800
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Market Meltdown...Trading plan and review of Key LevelsReview of the key levels in the major markets as global markets resumed the meltdown with the NASDAQ and SP500 down over 4% and DOW 3.5%. Markets playing catchup to Powell comments and also have concerns that the US consumer is holding onto cash and not providing the economy with needed support...Target failing to delver on earnings highlights the concerns.
Safe Havens rallied with the USD, JPY and Gold (to a smaller extent) rallied.
The general trend for major Indexes remains down with the Inflation and Interest Rate Rises in focus....time to be careful into shares as prices could accelerate lower.
BITCOIN and ETHEREUM remained around lows as buyers remained on the sidelines unwilling to again follow share markets higher. Expect that if share Indexes again turn south, cryptos may take another hit.
Markets covered
US - DOW, Nasdaq and SP500
Europe - DAX and FTSE100
Asia - Hang Seng, ASX200 and Nikkei
FX - Dollar Index (USD), EURUSD , GBPUSD , AUDUSD and USDJPY
Commodities - GOLD , Oil and Copper
Crypto - Bitcoin and Ethereum
ETHUSDT MAJOR SUPPORT!!! *SOON 600*ETHUSDT is at major support level which if gets broken ( I think it will) we will see very bearish movement to downside.
Why 600?
This is first support level which can show some sign of support .
You can see it pumped so much without any small pullbacks to feel imbalances in market and now they need to be filled.
I think it will break down because of bitcoin also being very bearish. This isnt move that will happen in week or month.
It will take good amount of time for ti to reach this level
But this year looks like it will be very bearish till the end.
This is not financial advice, I am just sharing my opinion.