Nasdaqshort
Overbought #NASDAQ #QQQ lost steam after 12.5% up from low $SQQQLooks like a great opportunity to take a short position on the NASDAQ with SQQQ.
After a 12.5% run up from the 24th of December low, the Stochastic RSI is signaling that we will likely not make it past the Fibonacci retracement .382 level without retesting the middle of the Bollinger Band and likely a little lower.
Stochastic RSI and MTF momentum strategy on lower time frames seem to indicate a short term reversal that should retest the Fibonacci retracement .236 level.
Now it is easy. I have been the 1st one telling you to SHORT!!Hello Guys,
At the end of November and yet over December, the 99 percent of the American analysts were suggesting you to keep buying!
Those nice guys with perfect shaved faces, nice ties and perfect hair styles were sharing their buy recommendations
on CNBC, marketwatch.com, Yahoo! Finance...web tvs...etc.. In other words, all of them were expecting a wonderful December performance with a smooth Christmas rally!
Result: The worst December of the last 40 years!!!!!
At the opposite, Over November and December, I was suggesting to literally SELL SHORT whatever stock listed at Nasdaq!
As per below, you have the links with my suggestions:
16th of November :
20st of November :
24th of November :
5th of December :
So, I will arrive to the point: Do not believe to what they tell you. Just try to study the market by yourself and do not listen those people.At the end, it is just a simple game: either you buy or you sell. There are no other options. Market can only go up or down. That's it.
If you believe that you do not have the knowledge to understand where the market is going to head up ( like for the 85-90 percent of traders who are losing money ), then what you can do is reading articles of INDEPENDENT traders ( like in my case - I am a free man - I do not give shit of Goldman Sachs or whatever company ) or you can pay for some SMALL monthly subscriptions to receive the entry point levels, the targets and the stop losses to those traders who have demonstrated to beat the market over the years.
So far, I have always refused to share my ideas by payment, but I might do it on the next future but and only for small money.
Let's come now to my targets for NASDAQ: Soon, we are going to hit 4700-5000 points. Afterwards, we should see a STRONG rebound. Then again down till my final target ( 1 to 2 years target ) around 3000/3500 points.
Good luck guys,
See you soon,
Simone Siesto
Look at Monthly MACD and finally you will understand! - SHORT Hey guys,
Lately, I read RIDICOLOUS posts where analysts are stating that 2019 will be another year of records for the American Market.
Come on, let's be serious!! LET'S BE SERIOUS!!!!!!!!
Just have a look at MACD and its AMPLITUDE! Do you see? Look how extreme it is! ….. go back in time.... I have posted a red line to check last time it was extreme !!!! Same amplitude as in 2000. Did this tell you anything???
Please guys, do not buy at those levels unless you wanna lose all your money or you are eager to wait for other 15 years before recovering (maybe !!) your buys at these crazy levels!!!
There is just one IMPORTANT difference with 2000! In fact, this time it will be much worse!!! REASON: bigger is the positive amplitude, bigger will be the fall down!
Be careful. Outside there, they are trying to convince you that market will go up further and they do so simply because they wanna sell their stocks to YOU!!!
You chickens who are going to buy their stocks at FRAUD prices! It's a HUGE BUBBLE GUYS!!!!! Do not forget that only few months ago even Sir. Warren Buffet said it...…
Do you want another reason why market will be collapsing in 2019??? Listen..... THE AVERAGE PRICE VS EARNINGS in 2018 was 30 for American Market. It happened only ONCE in the past. And you know what happened???
The collapse of Internet Bubble .! It was in 2000 and investors where telling us that those stocks would have gone up forever! 2 years later their values was 90 percent less worthy (on average obviously).
Do you remember BITCOIN, right???? In December 2017, 95 percent of traders and common people were saying that the bitcoin would have gone up till 30-40.000 usd in 2018 ….someone else was predicting 100.000 usd or much more.....
now we ALL now where we are, right????
Do you want other technical reasons ? LOOK At FEB 2018 - Do you see that Hanging Man ? That was a first warning signal ..... now we have an EVENING STAR ..... Bulls are tired and they have started selling to CHICKENS!
Do you wanna bet with me?? I am sure we are going below that Hanging Man really soon - let's say before summer???
So guys, you are free to follow those bastards....but I have advised you.! Short everything and try not to fall in their NET.
Thank you,
Simone Siesto
AMAZON ( ALWAYS THE SAME TACTIC)Stock molds are always the same only eye familiarity and fondly researchers realize some things. This will not be the first, not the last. angular seen as Turkey's largest white goods company description is priced lower than the point at which the terms of the more glorious by Amazon.
Arçelik 70% of the angle of ascension, but 77% of the Angle of ascension.
Loss is greater if angle is greater..!
Nasdaq 100 Approaching top of WedgeDo not enter this trade until there is a proper rejection from the top of wedge! is still too early. If we see a proper rejection from the resistance we can expect a pullback to the bottom of wedge. Be extremely cautious with shorting indices at the moment since we haven't seen a confirmed reversal pattern yet.
And just to be clear even if we do see a rejection of the top of wedge resistance line I will not be entering! I will wait for a clear break of the wedge to enter :)
NQ - Nasdaq is trying but...The white Fork describes the context and where price potentially can pullback to. As we see, price reached the Centerline two times. Now, the third time it failed!
The yellow steep Fork describes the current flow, which looks like it is to the upside. BUT: watch, price is outside the L-MLH.
Even worse, price tested the L-MLH a couple times now, but could not push through into the Fork again.
The Orange Modified-Shiff Fork describes the Pendulum-Swing. The U-MLH got breached, but price fell back into the Fork again.
Usually if price falls into a Fork again, there is a very high chance that price will reach the Centerline!
The red Mini-Trendline got broke too...price is loosing it's traction to the upside.
All this talks for a comming Pendulum-Swing to the downside.
The only part that makes me go ummmhhh.... is the coil (white sidways action). Of course, the trading above it could just be a fake and all the Bulls get washed when the party is over and the coil gets killed on the potential down thrust.
However, it looks to me that this party finds it's end soon...
Just for chuckles, let's see what kind of a RIsk/Reward we had, if we where to enter short right now and we base our target ner the Centerline: 1:4 seems not too bad for my gusto.
Maybe I join the chute and have fun...
P!
BTW: ...my new Bread & Butter Strategy course is coming soon. So take the time and get the ForkTrading BLUEPRINT for free, so you can follow-up on the new course - Dont Miss This One! §8-)
Nasdaq- Buy Or Sell?Nasdaq has been in consolidation since start of the second week of this month. 7000 is the strong resistance and 6800 is strong support for this month. NDX is trying to break the 7000 and this rising wedge pattern is giving us the confirmation of bullishness. Break and sustain above 7000 will lead to 7200-7400 and to other hand break and suatin below 6800 will lead to 6600-6400. Wait for the confirmation then enter in trade.
Short-term Short opportunity on NasdaqThe index is printing recurring patterns on 1D. Symmetrical 4H Channel Up patterns, followed by same width Channel Downs (High ATR = 37.1964 on neutral RSI, STOCH, Highs/Lows), always supported by a 1D Higher Low line (RSI = 57.913, Highs/Lows = 32.000). 6640 is expected in about 1 week's time and then 7085 by mid June.
NASDAQ longterm forecast.Hello Traders!
Tengri Traders vision concerning NASDAQ.
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US Indices – Bearish Intermediate (C) – Aggressive SELL - Part 3During the Bull Market in Intermediate 3, Nasdaq was my favorite because of its Wave Count, hence the reason for the successful view on the NASDAQ100 – Bullish Minor 5 - Bulls Come-Back article.
US Indices synchronized their individual Bearish legs once they reached the tops back on the 2nd of Jan.
Same day, right before the sell-off began, I posted the CBOE (VIX) - Volatility Index - Pointing towards a Market Crash article in which I mentioned that volatility could return, explaining how complacency can turn into fear.
Primary Correction officially started then, with US Indices falling off the edge of the cliff and ending the first sell-off on the 9th of Feb.
This was mentioned and signaled multiple times during the Advanced Video Course (see Macro sections and Charting).
Since the sell-off, US Indices performed rather well, unfolding a Bullish Correction which ended on the 27th of Feb.
2nd of March low and 6th of March high are viewed as Bearish Minor degree 1 & 2 (red), therefore, I am starting to believe that the Major Sell-off could have started for Intermediate (C) (red).
Below you may find some Aggressive views and possible scenarios in which the risk is higher than usual but the potential reward could be worth it.
The S&P500 possible drop was mentioned in the SNP500: 2018-2019 Buy & Sell Orders - Correction & Market Crash post.
Warning, these set-ups involve high risk and aggressive approach, do not trade if you are not an aggressive trader!
Nasdaq100 - Short Position:
Entry @ 6890.00 (or Market)
SL @ 7060.00
Targets: 6500.00 / 6100.00 / 5600.00