NASDAQ: False Breakout and Bearish Forecast
hey traders,
I have noticed a very peculiar thing on NASDAQ.
on the price chart, I compare with you the market sentiment in 2018 and 2019.
I like the similarity in price action and the fact that both consolidations have started in summer and after a strong bullish impulse.
Though similarities do not give us a 100% chance, I still believe that we can apply it in our analysis and it lets us be skeptical about further bullish continuation, no matter how media praises the growth.
Share with me your thoughts!
NDAQ
No brainer trade on NASDAQ. 1W chartNASDAQ looks very bad right now. Very nice opportunity to short the market.
Reasons
Second all-time high resistance retest.
Stops taken above resistance.
Bearish RSI divergence on 1W chart.
Beautiful R/R trading opportunity.
Strategy
R/R: 2.7 or 3.69
Entry: around 98.66
Stop loss: 106.18
Target 1: 78.05
Target 2: 70.79
Markets look pretty bad in my opinion and we MIGHT be due for a recession or a crash. Possibly a good time to take cash out stocks until we broke above all-time highs and found support there. Please take a look at my SP500 idea as well.
NASDAQ has completed bearish shark and turning bearishNDAQ has completed a bearish shark pattern.
The volume profile is showing that stock market traders are not interested to trade here.
The RSI is overbought and turning bearish.
The MACD was strong bullish but now it is turned weak bullish.
Regards,
Atif Akbar (moon333)
NYSE Composite at Key Pivot PointThe NYSE, a laggard compared to $SPX, $NDAQ, et al, is just points away from printing a higher high (Sep/Oct high), but also bound to the peak of a potentially dangerous ascending wedge. Should a higher high be printed, this would be very bullish for the market in general. However, if it does indeed top here, it suggests a strong reversal is likely across all the major indices. Hardly a coincidence, given that next Wednesday's FOMC notes will reveal whether or not a July rate cut is coming. The market has currently priced in a 25bp rate cut in July. Pausing, or hiking would be incredibly bearish and probably spark a prompt sell off.
NDAQ the market indice that is still strongof all the NYSE , DJI and NDAQ
NDAQ is the only indice that remain strong
i think that it will have today or tomorrow are last day or two that this pair will be bullish
after that I will put this NDAQ in selling mode
If you like my signal please help to like and follow
Thank you
NASDAQ - "Save Me! Save Me!" *Not trading advice*I don't follow the stock markets too heavily. But a recent online post made me want to make a prediction by looking at the Nasdaq chart.
**Not trading advice, especially with a market i have not traded in extensively**
We should at the very least see a re-test of our 200 day MA in the mid-term. Looking at the fractal from 2005-2007, this looks sort of similar.
We could experience a 1-3 year recession, retrace to around the 50 fibo extension, and then continue back up on an even more moderate slope.
I've noticed with bitcoin that often each consecutive wave of price increase follows a trend that is more mild (slope decreases, less steep of a line, etc) than the previous rally. That is where my next projection comes from.
Wish I had more time to actually draw what i'm seeing on this chart. But alas, I have better setups to analyze (crypto!)
Good luck!
Is Tesla finally gonna burn down?Turbulent days/weeks for Tesla and Elon Musk.
After Musk's tweet saying he planned on taking Tesla private for $420 (20% higher than the price at that time) spurred a major bull run the troubles began.
First of all he mentioned that the funding was secured...which it wasn't. Possible investor was a Saudi controlled investment company which seems to be backing off from Musk and invest in a competitor instead Lucid Motors. Second the SEC is starting an investigation into false price manipulation because of that. And as third the Board knew nothing about it which is a very concerning managing style.
These are not the only problems Tesla is facing.
-It also hasn't made a single annual profit since it was founded 15 years ago.
-Production is lagging behind.
-Multiple accidents with the Auto-Pilot (granted the driver still has to pay attention)
JPM is also adding fuel to the fire by lowering it's price target from $308 to $195 by December 2018.
As for the technical side looking at the weekly chart, MACD is looking for the "bearish" crossover. The 10-week RSI has plenty of room left to fall even further.
I suspect it might find some support around the level of $284.50. In the event of a clean break we're gonna retest the trend that was fromed in Februari '16. Managing to beat that trend JPM's target is definitely not out of reach with the signs of some real support around $180.
That pretty much sums it up!
Disclaimer: I'm not telling you what to do always cross reference with your own analysis. I'm not responsible for your loss!
NDAQ - Bullish trend remainsAfter the sell-off on Monday 6/25, bullish price action appears over the moving average 50 days (blue line). Tomorrow is key to see if the price remains above this trend line, as it has been since March. Otherwise, the price will test the next support in the moving average 100 days (orange line).
The beggining of the endBig head and shoulders. If you where following my live trading today we tracked the right shoulder on its way up. Heres a nice setup with a 3% possible upside and a stop around 1% loss. I will be updating it as I go along.
TRADE TYPE: LONG
ENTRY: 2676.67
TARGET 1: 2608 (Sell 50% of position)
Target 2: 2589 (Sell 30% of position)
Target 3: 2536 (Sell 20% of position)
If this was helpful to you then swing me a like and a follow!
PLEASE COMMENT
If you disagree... lets debate!
If you agree... let me know!
If you don't understand... ask a question!
I love me some discourse
Happy trading
The droopiest ballsack in town,
Darklord
Ayo. Intraday charts only boiii. Ayo
was poppin
just a lil intraday lookings. Did u know patterns are fractals? Trippy bro.
We printed a nice head and shoulders and confirmed below the baseline. We going down from here.
but heed my warning plebian
for I am the prophet
everyday the bear creeps slowly in
for soon we will enter a downtrend...
but for now be on the lookout for a whole lot of downside tm, maybe mix in a bear flag or 2
Thats all for now
Itsyaboy
Darlord
Trump thinks his daughter is HOT, and I am SHORT on SPX Dar_klords Daily Update
Ticker: SPX
Rating: Sell Short
Driver 1: The white dotted lines on the chart represent the two current major levels of resistance. Both of which are supported by a double bottom.
Driver 2: The pink line shows us another double top, also a bearish signal.
Driver 3: The green line shows us a critical point in the True Strength Indicator. I would make the argument that a move breaking that green line on the downside could send the index
Driver 4: The solid white lines show us where a descending triangle is printed. A break resistance in solid white would most definitely lead to the formation of a cup to the last and largest driver
Driver 5: Large cup and handle on the downside. If a handle prints as a result of a break on the descending triangle we will most definitely see new lows.
Why is this a critical point in the market? Well first off the PE 10 (Market multiple price to earnings ratio) is trading at around 32. This shows us that the market is overvalued equities. In fact the last time we saw market multiples of this level was around 1995 during the dot com bubble. The Tax Cuts and Jobs Act has overheated the equity's market through over optimistic investor sentiment, share buybacks, and ultimately tax deduction reliant balance sheets.
That’s all for now,
I will update throughout the day for you plebeians
This baby's going down
-Dar_klord
P.S suck my balls
SPX
NDAQ could be in troubleNDAQ has been on the same support line since November 2017! It seems to be working for now, but it has already tested $87 twice but was unsuccessful. When both this very strong resistance and this very strong support meet, it is possible to have a very large increase in price, or a large decrease in price to the past accepted support. We may see a drop up to 10%, or we may break out to see newer highs! until June 15 we will most likely continue in this trend we are currently in
SPX: Market Crash or Bargain Hunting?Volatility is back bitches. We have seen more 1% swings since the beginning of 2018 than we saw all of last year! While that may be scurry if ur managing portfolios, its exactly what I love to see. More swings, more opportunitys, more trades, more profit. But lets jump into the chart shall we.
The big thing we see here is a big PHAT double top. And whenever we get a sloppy toppy you know what we do. Its time to short to the neckline (In green). Additionally, we just broke down another bear flag. Looking for a 2% upside with a stop loss around 1%.
If we see the double bottom its very likely we rebound and continue the bull market unless we see a catalysts. But hey, from how these past two weeks have been, I wouldn't rule anything out.
Until next time,
Happy Trading