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Trend Lines and Support for Nasdaq, 9/25Trend lines drawn from 9/3 (16 days), 9/21 (5 days) and today 9/25 (1 day). The Nasdaq had a bullish run on Friday, with a steep climb marked with very few pullbacks. If that ascent were to continue, we'd have a 3.61% increase on Monday. More likely, would be a pause around the 50d MA where several top stocks are getting resistance. That would be a 1.00% increase. A small to large pullback is also certainly possible in this volatile month of moves. The five day trend points to a 0.71% decline. The longer term trend from market peak on 9/2, points to a return to the July Support area, a 2.69% decline. I'm keeping the June Support line and the possibility of a future decline to that point on the map. It's possible, but not likely to have that happen in one day. As a reminder, there are only two days (July 1 and 2) filling the gap between June support and July support. A fall below July support would be dangerous. A look at the weekly QQQ with volume. It is a strong bullish candle with a tall body and small upper and lower wicks. It sets a good expectation for next week, but the market will do what it wants to do.
NASDAQ:IXIC
by drewby4321
2
RANGE BROKEN - BEARISH - TOYOTA MOTOR CORP - 30MN - MY IDEASAfter a long period ranging between the two blue lines (support/resistance), we are observing a break out in the downside. The history of the market tells us that it has several times tried to revert with very strong volumes. ALL FAILED! Until we had the confirmation of the downside trend. What to look up next: Check the volumes and see if it helps the market to revert the trend otherwise there is a high probability for the market to keep decreasing even if the slope have flatten a bit.
TSE:7203Short
by Diallo_Charts_Ideas
10Y US TREASURY NOTE|PREMIUM[LONG-TERM]PRICE ANALYSIS|PART 1/2|ZN1! : Series on Bonds - Sept 20th 2019(4-5 minute read) This is a two part analysis on the US 10 year Treasury note , the second part analyses the yield. In my opinion, technical analysis is somewhat (okay-ish) effective in analysing bond price action, especially to bonds with longer maturities. This is because they are priced in terms of private expectations. Which are based on market psychology principles that are one of the main foundations for technical analysis. Fundamentally, building models with matrixes of auctions prices is the better method , however as an individual retail trader with limited time, it's quite an unrealistic thing for me to do. Now, let's begin by analysing the structural wave build up. The closing monthly top on Wave 1 after the 2001 recession(~117$) provided for the impulsive wave buildup. Unfortunately, I would have prefered if the data extended back to 1984 for a more accurate trend analysis, but from the current chart a precise EW buildup can be observed. Wave 3 (top 134) happened after the 2008 recession. Both of these bullish waves continued to form, despite an official NBER recession ending announcement. In my opinion, a more accurate estimation of the recovery in the economy can be observed from the bond market as compared to purely basing such an observation from equities . Despite the official end of the recession being June 2009, the unemployment rate peaked later that year . I know it's extremely inappropriate to perform a trend analysis on the unemployment rate, but this is just to support my previous argument and strictly informational. What are the expectations moving forward? Similarly to the WXY 03'-07' expansion , the current WXY expansion (12'-19') is near its ending. Perhaps with the current " mid-cycle" rate adjustments and medium fiscal stimulus the cycle could extend . If a US/China deal gets done and cycle extension does happen, it won't completely undermine the increased probability of a recession in the next 3 years . What further complicates things are the 2 020 US elections, Brexit and the cooling down situation in the Eurozone . Hence, I see a formation of a bullish triangle in Bond prices . Zoomed in chart 2019-2023 potential triangle build up in case a cycle extension happens. To sum up this analysis, in case a recession occurs, based on the wave build up- the maximum target for wave 5, would be in the range of 146-153 . I am not sure if the Wave V would have have a 2.62 extension( based on the already low yields This analysis supports my previous extensive work on FED rate cycles(Link #1 below). The blurry WXY at the end of the chart is what I would expect during the next extension. I have to emphasize that I attempted to find a pattern in the Moving averages and other technical indicators, but came to the conclusion that they are simply not as precise as the Elliott Wave Setup . This is it for part one, make sure to check the much more complicated Part two Yield analysis on the 10 year US T Note. |Step_Ahead_oftheMarket| P.s. Would appreciate some feedback charts or simple comments expressing your opinion on the bond market, thanks! >> I do not share my ideas for the likes or the views. This channel is only dedicated to well informed research and other noteworthy and interesting market stories .>> However, if you'd like to support me and get informed in the greatest of details, every thumbs up or follow is greatly appreciated ! Some of my popular analysis relevant to the bond market : 1. RECESSION IMPENDING?(PART2)FED RATES SUPERCYCLE|PREMIUM ANALYSIS: 2. The VIX : 3. XLU - SPX Sectors Finale : Full Disclosure : This is just an opinion, you decide what to do with your own money. For any further references or use of my content for private or corporate purposes- contact me through any of my social media channels.
CBOT:ZN1!Long
by step_ahead_ofthemarket
2
BTC/USD and the projected bingo point.This chart is likely the same as you have seen elsewhere. I would like to mention that the minute by minute analysis also tells me that computers have taken over and trader influence is only based on specific whale actions. It does indicate to me that for the next few days bobbing along the bottom purple line shows an upward trend however, consider the winder impact of dates over the next 30. Assuming the following is true a few beneficial arguments could be made. People have a buy order at $10800 stopping such an immediate drop. The fact that 3pm fed chief spoke and thousands of people got alerts on the phone causing mass panic. If you fancy a fun search and need a reason to get up early. Daily 05:30 - 06:00 sees the bottom of the days expectations as China pushes the price. YouTube channels are mostly USA produced and the times are showing 1,000’s people following advice given the 1am - 3pm random trading figures. LTC halving is like prices in but fomo may take the price of Btc back up Naturally. Next few days should be fun. All meant for fun, no advice just observations by a noob.
COINBASE:BTCUSD
by Peckham08