Nasdaqanalysis
NASDAQ - Tech DEFLATION - dotcom crash repeat?NASDAQ - Tech DEFLATION - dotcom crash repeat?
Pretty self explanatory. Can we compare the two periods? Well so far we sure as shit can.
Note the touches below 30 on the RSI during that period. We have not had enough touches below 30 yet.
The fractal can be looked at in two ways as I see it. Both are on there. IMO blue is more likely as we have been going down for awhile and it would make a bit more sense time line wise. But who tf knows.
Its a good idea to have these maps imo to keep your senses about you. ie. to remind you how far this thing COULD drop. People around you will be calling bottoms all the way down, with each one falling like dominoes.
Remember the exuberance during the bull, how the top just keeps topping, well that's this, in reverse. Don't underestimate it either way, it always (almost always) goes harder (not bitcoin this last time) than you think.
Lets see how this shit show plays out.
gl
Nasdaq: Onion 🧅Like an onion, the Nasdaq-chart currently features multiple layers, and the index has processed them all. Hence, there is a 40% chance that it could directly continue the ascent it has already begun and climb above the resistance at 13740 points. However, we rather expect Nasdaq to drop below the support at 10890 points and thus to dive deeper into the blue zone between 11167 and 10043 points, where it should then finish wave (2) in yellow. Afterwards, the index should move upwards, crossing the resistance at 13740 points.
Nasdaq 100 - Progressing into the 2nd stage of the bear marketOur last post on the Nasdaq index outlined our bearish stance on the general stock market. Today will be no different, and we will reiterate our grim opinions and provide more thoughts on the latest developments in the market.
Since our last article, the Nasdaq index continued to drift lower; meanwhile, QQQ reached our price target of 280 USD and halted its decline slightly above the 270 USD price tag. Furthermore, since November 2021, the Nasdaq index has lost more than 33%, plunging deep into the bear market territory.
Unfortunately, we do not see any reversal of the primary trend on the horizon. Contrarily, we think the FED will follow its path of demand destruction, negatively affecting the stock market and the real economy. Indeed, we would argue that the bear market is already transitioning from the 1st stage into the 2nd stage.
The 2nd stage of the bear market is characterized by the decline of corporate profits and economic projections, which is currently under progress. Therefore, we voice a strong word of caution to market participants over the medium and long term. We believe the market will continue to weaken and constitute new lows over time.
Regarding the short-term, major stock market indices are currently hovering near their 2022 lows. Therefore, we are looking for signs of a short-lived bounce. We reason that soon, we will start seeing market participants forecasting double bottom formations, which will once again lure weak hands into the market - ones that will later reinforce the selling pressure.
Despite that, we commit to our bearish stance over the medium and long term. Accordingly, we maintain 11 000 USD price target for NQ1!; as for the QQQ, we currently choose not to set any price target.
Illustration 1.01
Illustration 1.01 shows the daily chart of NQ1!. Yellow arrows indicate recent technical developments. Additionally, two simple moving averages reflect the presence of a downtrend.
Technical analysis - daily time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish.
Illustration 1.02
The image above displays support and resistance levels for NQ1!.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NAAAASSStyyy👊👊👊Hello folks👊👊
It's been a while since my last post,
FOA the buy side liquidity got f*cked at around 13,560.
Price has reached that FVG then give us a big drop to 11,950.
We have the Daily OB at 12,900 - 13,000 level, and it might continue drop at these level👀.
I would say that currently it is a short term bullish here.
Currently tech sector might be a save heven for someone, But I'm more in to gardening my 🧅.
Even Buffet has sold his BYD stock...
Let the market speak for it self.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
NAS100 NASDAQ
Nasdaq: Banana LeafDid you know just how multifunctional banana leaves are? They can be used for cooking and packaging and to serve dishes, and can also be employed as roof or fence. Nasdaq is currently wrapped in a big green banana leaf between 11734 and 12343 points to finish wave 2 in green. Although this could have already been handled, we still give the index some time as long as it is making use of the green foliage. After wave 2 in green has finally been completed, though, Nasdaq should move upwards, climb above the resistance at 13740 points and head for the upper green zone between 15580 and 16444 points. However, a 45% chance remains that the index could drop below the support at 11479 points, thus triggering furthers downwards movement below the next mark at 11068 points.
NASDAQ 100 BIAS // OUTLOOK IDEAHey guys! I want to do this more often so maybe every Monday // beginning of the week I can take the time to record me explaining my bias so I can journal as well as share why I see the market the way I do so that way It's both a learning experience for me and whoever else stumbles across this!
I want to this this so I can also keep track of my bias beginning of the week to how it has changed on Friday at the end of the week. So maybe eventually as I do these more I will also add End of the Week overviews as well!
I hope you guys enjoy, Thank you for watching and I promise as I do these more the content will only get better and I learn to share more/better value with you all!
Good luck and Good Trading!
Daily analysis & day trading setups on NASDAQ NAS100USD 20220823Happy Tuesday, Happy PMI Day,
NASDAQ is now sandwiched between 10 DMA at 13 374 & 100 DMA at 12 659. Headwinds are getting stronger for NDX since it has broken below June 3 high. Bears want to bring it below 12 700 to regain control and bulls would like to push it back above 13230 to continue rally.
Welcome to an unstable market. Those who are old enough to have experienced or wise enough to have studied the market of DOT COM burst will know exactly what I am talking about
Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales
Buy
Break: 12 940, 13 010, 090
Reversal: 12 875, 790, 670, 580
Sell
Break: 12 885, 800, 695
Reversal: 12 960, 13 020, 110, 230
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NASDAQ analysis over H4 TimeframeNADSAQ is going as per the analysis. you guys can its have the support at 13288, if it break the support level then we can see the waterfall to our second support 12915. but as of now. NASDAQ is in downtrend, can trend at 13288.
Daily analysis and day trading setups on NASDAQ NDX 20220815Happy Monday, Happy New Week,
Nasdaq is technically in bull control. The line in the sand is 13450.
Macro Nothing of significance today
Buy
Break: 13560, 13650, 13740, 13825
Reversal: 13450, 13370, 13265, 13180, 13110
Sell
Break: 13470, 13380, 13290, 13200
Reversal: 13570, 13660, 13750, 13840, 13930
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>