Multi-Timeframe Analysis: Hourly Chart: at the lower borders of the regression channel.
Daily Chart: Bearish engulfing (Bearish)
Weekly Chart: Double Top (Bearish)
Monthly Chart: Stagnation at the Top of the channel(Neutral)
Conclusion: Moving toward 33570 in the next 2 weeks! is the most probable scenario.
Moshkelgosha
Multi-Timeframe Analysis: Nasdaq100Hourly Chart: at the bottom of the regression channel.
Daily Chart: 3 Black crows and penetrating the bullish trend line. (very bearish signs)
Weekly Chart: failure to close at higher levels after 8 weeks..!shift in momentum to the downside. (Bearish)
Monthly Chart: Stagnating at the upper border of 12 years bullish trend
Conclusion: Most probable scenario could be testing 14500 and 14000 levels in the next 2 wks. Breaking above 15000 and closing above it for 2 days makes this analysis obsolete!
(retesting 14900 is also possible, but least likely!)
Educational Articles:
www.investopedia.com
Why Small caps are at higher Risk!history tends to repeat itself..! and what has happened in the past has a higher chance of happing in the future!
March 2009 - Sep 2011:
Oct 2011- Jan 2016:
Feb 2016 - Dec2018
I will wait for the reaction to the trend line! closure below the trend line could bring a 20% further correction!
The Past, The Present, and The Future..!Algorithms love highly volatile and highly liquid assets, so do as small investors and traders!
The difference is the first group knows what they are doing, but the second group is the prisoners of their emotions..!
Try to trade non random patterns will help you get better results..!
Going higher at higher volumes..!In the past 3 trading sessions, you see NASDAQ:AAPL , NASDAQ:MSFT , and NASDAQ:AMZN which are the first 3 companies with highest market caps experience higher prices and higher trading volumes !
This is my favorable trading sand I try not to ignore it..!
These trading volumes are lower than the early 2021, but at least are above the average of the last trading week!
Entering trades at higher levels but with higher confidence works better in the longterm and will increase the efficiency Of your trading strategies..!
Moshkelgosha
The Bullish scenarioThis Bullish channel could be the best framework for the coming months.
I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it.
Another bullish scenario: 16200 by the end of September
I should confess I put two much emphasis on trading volume and see the generalized decrease in trading volume as a negative factor for market to trending upper. However, the relationship between prices and volume is not a linear correlation. And it’s effect in making bullish trends could be more than making bearish cases.
Reading my analysis published on June 13th is recommended.
I calculate 2 different scenario in that analysis and shied them as 1 and 2.
Interestingly, between the 2 major scenario, I choose the wrong one.
To accept your mistake means to become smarter than you were - Pierre Boiste
Multiple time frames analysis..!Apple is at the important resistance level in all time frames, from 30 minutes to monthly..!
We should wait for the next 2 days to see if it breaks out or will got rejected.
Keep in mind monthly trading volume decreased from 4 Billion in August 2020 to 1.6 B in June 2021.
This means monthly trading value (price volume) decreased from 321 Billion in August 2020 to 220 B in June 2021.
Conclusion: Neutral
weekly chart shows what you cant see..!Daily chart:
4hs chart:
1hr chart:
30 minutes:
A note to those who are worried about my losses shorting NIO:
I shorted NIO 7 times in the past 4 months, (buy naked put at 43,34,39,47,48,47,48.5)
closed 4 trades with +100% profits in less than 24 hrs
closed one with +100% profits in 48 hrs
closed on with 25% profits
closed the last one with a 30% stop loss.
in each trade, only 5% of my capital was involved!
and I was not alone, at least 60-80 of my followers did the same thing..!
have you ever asked yourself why in the last 6 months the number of my followers increased from 178 to 5532 ???
because I can do something like this:
time and price 100% accurate!
on January 11th, 2021 I detected NIO top!
Sorry, I think it was January 2nd..! when the market was closed! price was 48.74, I predicted the Top at 35% higher in the first 2 weeks of January 2021..!
and published the 1st short idea at 57..!
Alarming sign in S&P500If you sort the market based on the YTD performance Financial sector would be the front runner in 2021..!
Although big banks' stocks are traded at slightly lower prices these days, they outperform most tech stocks and major indexes in 2021..!
this could be an alarming sign for S&P 500..!
NYSE:JPM
NYSE:BAC
NYSE:WFC
NYSE:GS
NYSE:C
NYSE:AXP
a comparison between S&P 500 and banks performance in 2021:
A comparison between big banks and major indexes' performance in 2021!
Just to add the last cherry on the cake:
do not forget when I published the post about NASDAQ front runner in mid-February 2021:
All EV makers experienced a crash after that and never see the same price..!