NASDAQ looking bouncy, drop too sharp a bounce is likely. This theory is supported by a hidden bullish divergence on the weekly chart, in which RSI makes lower lows while price makes higher lows. Will probably go lower after, yet still a nice flip opportunity. Pamp it up! PT on chart.
Following the SPX and DJI, the Us tech 100 composite is expected to drop to the 2018 low. Pandemic news strike the global markets on a daily basis now, over 200 k persons infected by the COVID-19 virus, curve still in uptrend. Even with the Fed implications and low to zero interest rates, we expect further downside continuation for the US Indexes. With over 300...
Congratulations to our awesome previous massive sell(TP) and short buy pullback as seen on previous posts, So please fam now pay close attention to our MAJOR BEARISH TREND-LINE And follow analyses with due respects. However we are now almost at the bottom bearish trend-line, so fill up gap to the upside as long as it doesn't break trend, Wait for...
in the previous post, I did say we are crashing and this is happening. Fundamentally, it is down as well. Shops closed, Restaurants closed, Flying banned, Travel Industry got hit. Apple stores closed in China, Alibaba took a hit. So, Is there a possibility of a bounce. Fundamentally No. Companies are going to report losses. Losses after losses. And we have...
Huge amount of panic is driving global markets down, IXIC will drop to some strong psychological support before coming back up again. Looking at monthly chart, 20 month moving average is roughly 8000, 100 week moving average is 7900, so 7900-8000 is very possibly the price level where this short term downtrend will reverse. In extreme case of panic, IXIC may...
Nasdaq is being squeezed between uptrend channel (shown with green) and downtrend channel (shown with orange). It could be followed by red stop line. After the break of the downtrend it could target first uptrend line and then cup target and then second uptrend line. These are just notes for myself. This is not an investment advice.
Traders, as you already know due to the lately COVID-19 outbreak markets started to fall for the recent week. The Virus fears raise as the"W.H.O." raises coronavirus threat assessment, now says virus poses a ‘very high’ risk at a global level" - cnbc.com. Price is now trading at a previous strong demand area, already retested the 8.200 level. We now expect the...
Dates in the future with the highest probability for price direction reversals
The US 100 composite is now correcting from its monthly rally. The market remains still bullish. We want to catch the retest of the high, price is now trading at the hourly 200MA. Therefore we will long, with the price target of 9700. We will place buy limit order at price 9530, at demand area. Traders if you follow this idea, we recommend entering with...
Is it bending over or is that deceptive? Well, now or a little later. Either way, I think technology stocks are going to take a big loss this year. And maybe not recover from it until next year. Just a feeling. I could be completely wrong. We'll see. Take care!
Strong linear regression uptrend, 0.86. Alligator can be observed to be 'eating' meaning price is moving more often rather than being stagnant.
Nasdaq Composite is going through Wave 3 of the primary Wave 5. As often happened in the fibonacci channel which started from September 2011, IXIC will very likely rally up to 9800, to the top line of the channel in February or March. From there it will possibly drop to 9200, rise again to 10000, down again, rinse and repeat a couple of times, providing abundant...
Congrats on our short buy signal on previous post as it successfully bought to our TP(Green rectangular shade) and Support wasn't broken as said (Red rectangular shade) So therefore now more buy to 8830 as long as 8750 supports isn't broken Buy!.. Then long sell as long as 8830 isn't broken Then Sell! But Ill update on that stay tuned.
For weeks, stock investors have been riding the waves of positive chatter on the trade deal, better-than-expected earnings, and a third rate cut by the Fed, to record highs. But please remember that it’s a two-sided game. The same events that drove indexes higher may be signaling they are ready to take back some of those gains. Looking ahead notable earnings...
NASDAQ COMPOSITE Reasons for a speculative rally into 2020: -Partial resolution on tariffs -Brexit Resolution -China's market rallying -More liquidity from Fed -Better Earnings
It looks like IXIC is ready to break above historical all time high and rally significantly to the 9000s in the last quarter of 2019. The semiconductor index has already broken above the ascending triangle, next target is 2000 in a couple of months. However, if Nasdaq Composite fails to sustain this rally it might drop and retest the 8000 support. If it...
Hello to all watching my charts. Today i come back to my NASDAQ Future which is in SHORT mode at the moment since yesterday, There it has been a break of the major up long trendline and after that a break of the major support at 7940 Since then we are SHORT First sign of strength should be a climb above the upper shortttime trendline of my system at...
The END is NEAR for the #NasdaqComposite | $IXIC! H&S Ready...