We expect a downward trend for Nasdaq It is better to follow the price crack carefully
It can continue to fall. It can be bought near the resistance area
Due to the penetration under the support area can be a fall
as we can see price is currently completing the inverse heads and shoulder structure shown on chart , we are expecting an impulse move to the high for NASDAQ
It seems that it can continue its reduction to the specified area by failing its support
The 14000 range is very important and you can think about buying
It is still possible to climb and the specific area will be in the opinion of the buyers and in case of failure, the fall will be up to the specified area.
I'm expecting that what we are currently seeing on the Nasdaq is a relief rally and that we will see another leg to the downside to around 13000. I will start averaging into buy positions from the 38.2% Fibonacci retracement level. Happy trading! Linton
The first wave could be a drop to around 11280, the second at 8977 and worse case to 6890.
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...
We 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...
Recounted NDQ and find it hard to imagine we fo not at least test the weekly ema 100, with the fact that yeilds are still heading to 2.1% USD is heading to $98-$99 & TA patterns show a failed bottom ST TL.. So probably we have a bearish Feb to start and bottom around 13,000
SKEW is probably a little less known in the world of volatility than for example the VIX, but essentially it is a measure of the implied volatility of OUT of the money options, as opposed to AT the money options on the market like the VIX. I suppose it may be a better comparison to check SKEW vs the SPY, but I'm a NASDAQ guy so I wanted to have a look at this in...
The bottom trendline of the major weekly channel held with the most recent push to the downside. This indicates the presence of institutional demand and the chances of new all time highs is good. There is also the formation of a bullish corrective structure as indicated by the green flag. This does not mean that there is no longer downside risk and I will be...
Tech sec looks good and bottomed, crypto as well looking bottomed. Think we are fully reloaded for 17k NDQ. Yeet
NSQ made a strong break out of 16300 lvl with nice volume candle. We have strong supply out of this move. Its in a conslodation and forming a nice little flag. We also have a gap. Most likely it gonna fill that gap. 4h breakout+consolidation+gap This is a nice 6:1. This is high quality trade. You can enter after it break out of this consoliation or you can get in...