Chart suggesting a move down as a double top enacts itself This allows for a triple touch along a lower trend line I think it will come down to the dotted white trend line on this daily chart
NASDAQ looks set to enter the bullish channel its making simple HH and HL and have done an amazing recovery this week is full of news so this week it might just be sideways if support of 16500 is broken then we might see 15700 levels again
Suggesting a big pullback and recovery within this channel up. Also providing a triple bottom for the structure Bullish long long term, this is the Monthly Chart
NASDAQ broke a long term ascending support channel yesterday and its not looking good The next level of support is 15800 to 15900 levels There can be a bounce back from that level since overall there are bullish sentiments but breaking down 15800 means we might be looking at 15000 level
NASDAQ strong bearish divergence formed The correction will look like around 500 to 600 points The next strong support 15500 . It will be a great entry point for buyers Other analysts are also suggesting a greater correction till 14500 points but I think in an election year this is not going to be that huge correction but no one knows and who actually knows ?
OVERVIEW As of 12/12/2023, CBOE:VIX is at 11.82. There have only been a handful of periods over the last 30 years where stock market volatility is at a similar level, including 2007 and 1994. Some would argue it implies an increasing level of volatility will be due in 2024. What is the VIX? The CBOE Volatility Index, is a real-time market index...
My current thoughts on the Nasdaq and correlating American markets. I expect a higher high within this large broadening structure, followed by a large bear run for a few years. During this period it would be optimal to switch to rare metals (gold,platinum,silver) and also crypto as a hedge during these turbulent times. Following this I expect a huge bullrun. But...
IXIC has been dropping quickly due to rising bond yield e.g. US10Y and US30Y and rising volatility. Volatility is often a self-fulfilling prophecy, as many funds automatically sell when volatility rises above certain threshold, creating more volatility and causing other investors to sell. However, the big picture remains bullish because the overall market...
Nasdaq analysis Since December 28, 2022, when it touched the bottom of the ascending channel, it has continued its upward trend for 153 days with a relatively good slope of 24 degrees and has grown by 29%. Regardless of the current candle, the limits of the index can be considered between the midline and the ceiling of the channel (12793 to 13647). According to...
It doesn't get more simple than looking at this Monthly Chart going back over a decade. You can clearly see the incredible uptrend and the True Strength Index, although having shown a bearish divergence since Jan.2022, the TSI has barely broken the Centre line and is now about to turn back above. This New Bull Market should last through to the end of 2014. Just...
The graph presented analyses SPX, IXIC and IWM; by valuing them against bonds adjusted dollar and gold. For explanation refer to the graph tagged. Thanks!
There is a breakout to the upside shown by the downward-sloping white channel. This marks the beginning of the bull run. The graph is adjusted to volatility accounting from coins' dominance, and economic changes (through accounting for dollar, gold, and bond movements). This graph is universal, use the equation or the graph as you see fit. The dollar value of...
An idea for IXIC showing a strong trend line in white that should be respected. This works well with a double top, a bearish pattern. A channel can also be drawn encompassing the double top. I have posted key price points with the labels.
I believe it will play out like this timing may be off a bit but I believe these targets are the likely scenario as we are in a super wave 4 down that needs to correct the super wave 3 which was created decades long highs
US composite index shows that short term strong economy and inflation would moist the market. It means short term buying opportunity is ahead right now. Tech stocks rally may start soon. My target is 12900and let's forget about the FED for now. sometimes brave investment gives us a good profit.
Looking at the H4 chart, my overall bias for IXIC is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking for a pullback buy entry at 10753.57, where the 38.2% Fibonacci line is. Stop loss will be at 10207.47, where the recent swing low is. Take profit will be at 11521.97, where the 50% Fibonacci line is. Please...
Hello, dear friends. I am in the view of a downward movement in the current situation, and whenever it happens, I will announce a definitive opinion about the second upward movement.
Hello dears After a while I'm back and I found that there isn't any good signal in Nasdaq going up. Its according to monthly analysis .