NDQ100
NASDAQ BEARISH BIASNDQ = Current price @ 11,923
The Nasdaq has yet again rejected resistance at 12,560 for the 5th time now
and is heading back to previous support @ 11,699
The Nasdaq has been in a bearish trend since the war in Ukraine started
what is fueling the bearish move is actually inflation worries in the US as well as
poor Q1 reports from companies like Amazon, Netflix, etc.
We expect the Nasdaq to continue its bearish trend to at least 10,999 which is the
next major support level before reversing back to 12,000.
After that we expect a retracement back to 11,699 before continuing its bullish movement
and breaking the major down-trendline.
Short term key Buy levels for day traders
@ 11,699
@ 10,999
Long term the Nasdaq is always a buy if you are holding/Long-term trader
Note: this is just an analysis based on technical analysis & current events. All investments involve risk, our analysis and trading strategy does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make.
NDX Intraday Upward CorrectionThe Nasdaq 100 index NDX confirmed an inverted head & shoulders pattern breakout on the hourly timeframe to support a short term upward correction that may test 13,100 supply area as a minimum target within the broader downward trend.
Nasdaq 100 climbed 320.53 points or 2.62 percent on Tuesday to settle at 12,564.11, just a few points off the day's high.
Starting To Look Like The Third Wave Is Still To ComeHaving a look at the Nasdaq and what I have been saying for the last few weeks seems to be a strong possibility at this point in time. This is still not confirmed as yet but the sell off towards the end of last week shows strong supply at the 61.8% Fib retracement level. I'm still not keen to sell into this but should wave three play out, I will be looking for buy entries from the 12000 mark.
Interesting that the third wave target would put us at both a 30% retracement from ATH and a 50% Fib retracement from the high and last swing low in March 2020.
Happy Trading!
Linton
BTC, NDXT, and DXY at a CrossroadsPreviously, I’ve demonstrated stepping-stone descending horizontal Wyckoff re-distribution trading ranges for BTC. The fact that the BTC price action broke the trading range support to the downside for a sustained period of time supports the notion of a re-distribution trading range. I opened a short position near the trading range support ($41,313). Since then, my first target of $37,400 has been hit. Based on an analysis of the Phoenix Ascending (PA) indicators (bottom panel), I expect an upthrust toward the trading range support followed by downward price movement.
Short position open: $41,313
Take profit target #1: $37,400
Profit/Loss (%): 9.44
Significant bars, which help define important areas of support and resistance, are given by the blue shading. The blue arrows point to volume spikes.
Wyckoff abbreviations: automatic rally (ARa), buying climax (BC), selling climax (SC), secondary test (ST), upthrust (UT), failed upthrust (FUT), last point of supply (LPSY), shakeout (SO), sign of weakness (SO), Phase A (Ph A), Phase B (Ph B), Phase C (Ph C), Phase D (Ph D), Phase E (Ph E).
Hanging man: to short the Nasdaq or to be sent to the gallows.This is the strongest bearish pattern ever.
Happen one to twice a year.
Cause of it, the index felt hard on early post-market.
I advice to short the NDX with x3 leverage at the closing / in the post-market. But it's probably too late for you now, a lots of traders did it and the index felt hard... Btw it's good to know for the next time you will see this pattern...! Easy money.
The last 4 hanging-man spoke for themselves...
If you want to see what happen after a hanging man (10 previous years on NDX and SPY), glance at my excel sheet:
docs.google.com
I sold at the closing (15130), took the profit from yesterday purchase (there is no small money! :D), then short with x3 leverage.
2022_02_02 - Mr. $NDQ - NasdaqWe are getting to that specific, and delicate moment in time, where things can go from one extreme to the other. It would depend on the hand that moves the market.
No one may predict specific targets or how things are gonna go.
There are going to be external factors that would affect one way or another. History have shown us that.
Im a guy that believes in cycles, so for now .. remember we are near 100 year cycle crash .. there are some numbers that have been appearing in personal analysis .. once over again.. 29/30/31/34/ 45 / 49/50 .. i have not seen much in 40s for now.. it means events from 30s would lead the way and show the path.
But also remember you may stablish probabilities and possibilities.. If you draw all the possible variants ... then is easy to make a plan for each situation.
It is absurd to believe that curve is going to continue, but hey.. im not here to judge jaja..
Ill be using only larger periods of time. I would go from 1 Month to 12 Month .. and dive in less periods of time once we check bigger timeframes.
I'm not taking any positions at the moment so.. that's why i'm neutral at this point.. and i would probably wont say which way .. take your own choices .. besides.. i have learned that if you scream what you would do to the four winds, market is affected.. so better quite on just observer :P
There are signs at 1M that things are coming to lower areas in volume and RSI... hard way.. but price have not move that much really, and that only means moves are coming.. probably hidden divergences between price and RSI.
ill upload and update once in a while.. when i have some free time..
Since this is a long time frame analysis, ill be posting in the long term eternally jajaja lol .. hope to still be alive to see which way it goes ;)
This is a long term commitment lol :P
As usual.. this are personal ideas and not financial advice. Use at your own risk!
Cheers!
-CharterX