IWM - Rising Trend Channel [MID-TERM]🔹Rising trend breaking downwards in medium long term.
🔹Between support 170 and resistance 199 in Rectangle Formation.
🔹Broken through support at 188, indicating a falling direction and predicting further decline.
🔹RSI curve indicates a potential early indication of a falling trend in the price.
🔹Technically NEGATIVE for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
NASDAQ 100 CFD
NDX - Rising Trend Channel [MID-TERM]🔹Rising trend breaking downwards in medium long term.
🔹Support at 13700 and Resistance at 15800.
🔹Technically positive for the medium long term.
Chart Pattern:
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
Nasdaq bear market?After hitting all of our take profits we are looking for the next trade set up.
We broke the daily support that dates back to March and there isn't any current major support that we are close to. This along with the bearish divergence and rejection around the .886 retracement inclines me to think that we have now began a major leg down that could bring us back to 12-13 k.
However, for that to happen we need continuation patterns and much more data. I think the price will float around here and we'll be able to assess the market better in the next days/week, so that we can action another trade. Long or short.
NAS100 H4 | Rise towards pullback resistance?NAS100 could rise towards a pullback resistance and potentially reverse from here to drop lower towards our take profit target.
Entry: 14830.80
Why we like it:
There is a pullback resistance that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 14981.15
Why we like it:
There is a pullback resistance that aligns with the 50.0% Fibonacci retracement level
Take Profit: 14646.63
Why we like it:
There is an overlap support that aligns close to the recent swing-low
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LW long ideaLW performed well in the first inflation cycle 2021/2022.
As the dollar is testing a breakout on inflation fears, we may see some capital rotate into different sectors.
Last dollar bull cycle LW held up well in price. We are reaching very oversold levels and coming into big technical support.
Accumulation at these levels or lower provides good R/R
TSLA Approaches Major Resistance and May Stall into July 21Primary Chart: TSLA on Weekly Time Frame with a Downtrend Line from the All-Time High and Fibonacci and Measured-Move Levels
Preliminary Comments
TSLA is poised to stall soon, perhaps into July 21. By definition, a stall does not necessitate a crash or major trend reversal (at the primary degree of trend). A major reversal downward (crash) is always possible especially once shorts have been decimated—major downward reversals seem to always wait for clearing out of hedging and shorts, right?
Although a major trend reversal could occur here given major resistance levels just overhead on higher time frames, no one has a crystal ball. Finding the time and price components of such a major reversal can be exceedingly difficult (note the conclusion section of this article about probabilities).
And no one who were to have a crystal ball that worked properly would share it. And a securities regulator would be sniffing around for insider trading for sure with too many trades lining up too perfectly especially before major news catalysts. Humor aside, trying to be too clever by calling the exact top is a misplaced endeavor. But it can be prudent to analyze the charts and consider the idea of vulnerability for a trend’s continuation in the short-to-intermediate term, i.e., whether the move might encounter major resistance that could at a minimum cause a mean reversion or retracement of the recent rally .
Trend Analysis
The charts don’t lie. TSLA’s intermediate-term trend since January 6, 2023 remains upward. Similarly, short-term (2-6 weeks) and intraday trends remain upward. But the primary trend is still arguably sideways when considered over a 2-3 year period, while the secular trend since 2010 arguably still remains firmly upward.
1. Secular trend (since 2010): uptrend
2. Primary trend (since 2020/2021): sideways trend (range)
3. Intermediate / secondary trend (since early 2023): uptrend
4. short-term trend: uptrend near crucial resistance
5. intraday trends: uptrend near crucial resistance
Supplementary Chart A: Primary Trend
Supplementary Chart B: Secular Trend
The intermediate term trend has run fast and furious for 1H 2023 (since the Jan. 6, 2023 low). That alone is not enough to expect a reversal. Shorting something merely because it seems to have risen too far is a well-known trading mistake comparable to catching a falling knife in a downtrend. Shorting powerful uptrends is not an easy way to make a living.
But several charts suggest vulnerability for TSLA’s rally at this level. This comes right as earning will be reported this week along with a major monthly options expiration on July 21. Earnings reports like TSLA's upcoming one present a binary risk event that could stretch prices significantly in either direction, or it could a whipsaw price in both directions before settling on a final directional move (see the section below titled “Trend vs. Fundamentals.”)
Supplementary Chart C shows that TSLA’s price is nearing a crucial Fibonacci level on a linear chart. This is the 61.8% Fibonacci retracement ($299.05) of its entire decline from its all-time high into the early January 2023 low. Coincidentally, this level shows confluence with other important resistance levels shown on the chart such as the down trendline from the all-time high. (Some prefer Fibonacci levels adjusted for a logarithmic chart, which is not shown. The next relevant upside Fibonacci level on a log chart, however, is the .786 of the entire decline at $306, which is not far from the .618 level at 295.05.
Supplementary Chart C
If the .618 Fibonacci retracement is overcome and held (not just a false breakout), this suggests prices may run higher to at least $314.67 or the next higher Fibonacci level at $347. But these are upside levels conditioned solely on the .618 retracement being overcome and held.
Next, consider the down trendline from TSLA's all-time high. This is being approached at around $300, right were significant call OI exists. Trendlines can be somewhat rigid measures of trend, but they can provide some value especially when other support / resistance levels coincide with the trendline. The down trendline from TSLA's all-time high runs right into the measured-move zone, shown by the blue circle on Supplementary Chart D.1.
Supplementary Chart D.1
Some traders prefer to look only at logarithmic charts, though here it doesn't add much to the technical picture since the trendline is quite close to where it lies on the linear chart.
Supplementary Chart D.2
Finally, some bearish divergences in momentum and price/volume indicators suggest that price has become quite stretched right at a time when TSLA has reached some major resistance levels. Supplementary Chart E shows the Elder Force Index (EFI), a useful indicator that displays a combination of volume and price, weighing the extent of each price change along with the extent of volume. It tends to pick up divergences in the "force" or commitment behind a move with more sensitivity than RSI or other common momentum indicators, but with increased sensitivity often comes more noise (more false signals) which can be helped to some extent through indicator adjustment. Nevertheless, here is what that indicator shows for TSLA on the daily timeframe:
Supplementary Chart E
As TSLA has made higher highs, it has done so with less force and commitment for each high, creating a divergence between higher price highs and lower EFI highs. TSLA may make a new YTD high this week, and if so, it will be important to see where the EFI high prints for that new high. Given how low EFI is currently, it would take a lot of volume and price change to move the high to exceed the prior EFIs (erasing the divergence). In SquishTrade's view, EFI is unlikely to erase both the June EFI high and the January EFI high even if TSLA runs to $300-$320 post earnings.
Supplementary Chart F shows RSI and ROC, two common momentum indicators which most readers understand well. ROC shows a series of three highs that each make a successively lower high while price made higher highs at the same time: January 2023, June 2023, and July 2023. RSI only shows a series of two highs where price made a higher high and RSI made a lower high.
Supplementary Chart F
Downside Targets
TSLA's price seems poised to pullback / retrace at a minimum. But referring to downside targets may seem a bit premature as price hasn't confirmed even a short-term reversal or the start of a retracement / consolidation within the intermediate trend yet. The technical conditions for a retracement are present, so if confirmation lower does occur in the next week or so, price can fall to trend support, however one decides to measure that within one's trading system.
Based on persistently and deeply inverted yield curves, many astute market players may be looking for more than just a retracement or consolidation within the intermediate uptrend. They want more than mean reversion, and that is understandable. Should TSLA followers expect that now? Today, July 15, 2023, confidence cannot exist about an impending trend reversal on higher time frames. Why? A major reversal where price retests / breaks January 2023 lows will likely coincide with recessionary economic data (e.g., rising UE rates), drastically changing EPS estimates based on disappointing earnings reports, and/or unexpectedly high interest rates across the curve because of sticky inflation won't budge further downward (the recent CPI print came in at 3% for headline but 4.8% for core for June 2023). Note: Fundamentals are discussed in greater depth in the next section below. But economic data has continued to come in better than expected. Recent real GDP print for Q1 2023 was recently raised to 2% and labor markets remain persistently tight as the Fed even has noted in its recent pressers. Inflation has cooled for June but this may result from basing effects.
Most importantly, trend structure on the weekly and daily time frames (intermediate and short-term) has not been broken. Until the intermediate trend structure is decisively broken, forecasting a major top / trend reversal is rash and unfounded from a technical viewpoint. This intermediate-term trend structure is the up trendline from January 2023 lows or some other more dynamic or flexible measures of trend.
So with the idea that price can run a bit higher before any retracement—since we haven't yet seen a confirmation lower yet—these downside targets remain conditioned on a short-term trend reversal. For now, the targets also must be considered corrective retracements / mean-reversion targets within the context of the current trend until the evidence proves otherwise.
Conservative Target: $245-$250
Moderate Target: $232-$238
Aggressive Target: $199-$218
Trends vs. Fundamentals
A purely technical analyst or technically oriented trend trader tends to consider only the trend and technical evidence supporting that objective. At critical junctures after retracements / corrective moves, this means favoring trend continuation rather than a reversal until the evidence says otherwise. And pure trend following means seeing the odds as favoring mean reversion when a trend gets too extended or stretched rather than reversal.
Ambiguity as to trend on varying time frames often confounds the discussion of trends. This is why it's important to remain precise and focused on time frames. For example, a long term secular trend in a given index can be upward while a primary trend can be downward or sideways (retracing / consolidating within the secular uptrend) while an intermediate trend can be upward (retracing or consolidating the primary downtrend)—and intraday traders levered up on calls and riding the short-term rip may be so hyperfocused on a rip in the short term that they dismiss a long-term analyst’s accurate characterization of corrective rally within a primary downtrend. This is just a hypothetical example of how vagueness around terminology and time frames doesn’t can obfuscate the proper technical approach to a given security.
As discussed, TSLA’s trend right now is upward on the intermediate trend and minor (short-term) trends. But the primary trend is still arguably sideways when considered from 2-3 years ago. And the secular trend since 2010 arguably still remains upward.
But may a trend trader peek outside the trend? That is a complicated question without a definite answer. For those wanting to explore whether it’s prudent to look at non-technical evidence outside the scope of the trend (e.g., considering the fundamentals and the broader macro), the following post offers some cost-benefit analysis and suggestions:
For those who wish to avoid being influenced by fundamental information, please skip this paragraph and read on to the next one. Andrew Dickson, the founder of Albert Bridge Capital and CIO of Alpha Europe Funds recently noted the following incongruities (downtrends) in EPS-estimate trends vs. price trends:
1. In late 2022, TSLA’s sell-side analysts expected $6.34 EPS in 2023 (about 9 months ago estimates).
2. After TSLA reported delivery numbers in early July, Dickson noted that “despite today's apparent 4% rev beat (implied from delivery-numbers) for Q2, 2023 EPS expectations have plummeted to $3.50. So earnings expectations for TSLA are now down -55% in 9 months and yet the stock is up +15%.”
3. He concluded that "the 2023 P/E multiple has expanded from 38x to 79x, or by 107%."
Dickson’s comments show that price is often not driven by fundamentals. Exactly what was priced in when the stock plummeted to $100 in January? And what is different now has nearly doubled off the lows? Or maybe the question is whether the data that gets priced in has different (and ever changing) weightings depending on the type of data. For example, maybe the data that affects price is most heavily weighted toward liquidity, capital flows, sentiment, seasonality, rather than fundamentals. But David Lundgren, a combined technical and fundamental analyst for whom SquishTrade has utmost respect, highly regards technical analysis, and especially favors technicals in the short / intermediate term, but says that fundamentals always matter in the long run. Here is a quotation from Lundgren from notes I've taken on his commentary in interviews and articles: "In the long-term, actual fundamentals will simply overwhelm any short-term technicals, emotions, sentiments driving a security or market price action."
Concluding Comments
Traders think in terms of probabilities, not certainties. Further, traders' time frames, risk management, and position sizes vary dramatically, which is why it seems imprudent to blindly follow another person’s signal service (whether paid or free). One very knowledgeable TV follower of mine has shorted TSLA with a position size that gives him a sizable margin of error. In other words, he can wait and allow significant fluctuations in price before getting shaken out of the position. My inference from our conversations is that his short thesis is based on deeply and persistently inverted yield curves, volatility being at major lows, deteriorating fundamentals at TSLA and other broader macro problems.
But macro and fundamentals can take a great deal of time to unfold, i.e., they do not play out immediately, and if they did, the big short should have been weeks or months ago. This year everyone thought a recession would be here by now, including experts with long-term experience managing or advising multi-billion dollar funds. This does not mean my fellow trader must be wrong. His thesis might yet succeed with time and patience, or it may yet experience more pressure or even be stopped out. This is why position size, risk management, and time frames matter. Before entering a trade or investment, one must consider time frame, position size, risk tolerance, risk management, technical or fundamental evidence, and an invalidation or stop level (which defines risk and relates integrally to position size). Shorter-term traders with leveraged, derivative, or supersized short positions would have already gotten crushed trying to short TSLA or other mega cap leaders the last few weeks or months.
Sentiment Index UpdateToday I shared a video in my trading room of Tom Lee on CNBC post his CPI massive rally call which didn't materialize.
One member pointed out:
" Lol. The man in this interview is not “fearless.” He is having trouble getting it out, and he has concerns. He is impressed by the “pronunciation” of this move. "
I share the sentiment chart so we can observe the mental psyche of both sides (Bulls and Bears) and how it never changes and just repeats. This sentiment causes buyers and sellers to vote each day through the buys and sells they execute...how they vote, provides us a visual pattern. This pattern is much more forecastable than the internal fundamentals.
Best to all,
Chris
Stocks still struggling - $SPX copying late 2021?The risk in #stocks is still not to the upside.
Took a trade before this rally, but that's it, a trade, already done too.
Lower low today, still expect to be positive for the day, but until we get some sort of reversal, the risk is still to downside. TVC:DJI AMEX:UDOW
NASDAQ:NDX is trying to find a bottom but here's not best place. Very light support.
CBOE:SPX looks weakest of the 3.
We could very well be doing what happened in late 2021. One last hurrah & then kaput.
NASDAQ 1W MACD Bearish Cross causing this correction.Nasdaq (US100) completed this week the first MACD Bearish Cross since September 2022 and is the leading technical cause behind the recent two week correction. The 1D RSI got rejection on the exact same level as August 24 2020, which was prior to a similar MACD Bearish Cross that corrected almost as low as the 1D MA100 (red trend-line).
As a result, it is possible to see another 1-2 week selling extension, before this (much needed) technical correction is over. We will be ready to give the buy signal for a long position that will eventually target the 16770 All Time High.
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Support at 15300 and then retest 15900?We rejected 15900 level and had a massive sell off yesterday! We have a strong Buy zone around 15300 and I am expecting a bounce of that level and then retest 15900 level. Overall we have a strong bullish trend on daily timeframe and this looks like a healthy pull back. I would still like to see price in the green buy zone.
Entry : 15300-15350
Stop loss: 15200 (I would like to see a 2hr candle below this level)
First Target: 15600
Final Target: 15900
Please let me know your thoughts. Happy trading!
Weekly Update: Nothing Lasts Forever. NOTHINGI vividly recall a few years back having just finished labeling the above chart of the SP500 from inception. I labeled the chart and included most of the historical events that occurred over the course of that time. As a trader, I wanted to have a quick reference visual picture of price action during war time, innovation, and societal change, juxtaposed on my EWT count.
Afterwards, I plopped on the couch and wanted to “Veg Out”. As a full-time trader and analyst, my mind was kaput. Exhausted... I wanted to watch something on TV that required no more of my brain energy. I turned on the History Channel and subsequently settled on this series called, “Life After People”. As the series progressed, I went from mentally exhausted to engaged. The simple summation of the series was that despite us having built sky-scrapers, cities, bridges, etc., if people we’re no longer around, the sum of the proof we ever existed on earth would eventually get overrun, deteriorate, and the final result would be recycled by the planet into the sum of its elemental parts.
The series referred to this process as Entropy. I wondered if the time I spent laboring over the machinations of price action since pre-industrial America was in fact, the natural order of progression. Birth and death. Start and finish.
I looked up the definition of Entropy and here it is.
Entropy is a scientific concept, as well as a measurable physical property, that is most commonly associated with a state of disorder, randomness , or uncertainty . The term and the concept are used in diverse fields, from classical thermodynamics, where it was first recognized, to the microscopic description of nature in statistical physics, and to the principles of information theory. It has found far-ranging applications in chemistry and physics, in biological systems and their relation to life, in cosmology, economics, sociology , weather science, climate change, and information systems including the transmission of information in telecommunication.
Every known thing, will eventually succumb to Entropy.
I found the concept of entropy, captivating, thought provoking, and I couldn’t help but wonder if entropy applies to what I do. I’m a full time trader. When I am asked what I do for a living, that is always my response. But I also associate with being termed a financial pattern analyst, an Elliotition, or just a plain ole’ analyst. As an Elliotiion, I practice the financial forecasting principles discovered by RN Elliott in the early 1930’s. My association with Elliott Wave Theory (EWT) was a normal one, as I never conceded price action was random. Even as a young investment banker in my twenties, I always had this nagging notion, that however subjective or complex the stock market appeared to be, that eventually a simple construct would emerge that would lift the veil of the random, to allow for a more scientific methodology to answer the movements of stock prices and markets.
My introduction to the principles of Elliott Wave Theory started that quest for answers to seemingly unanswerable.
In Elliott Wave Theory, counter-trend patterns such as waves 2, 4 and B, are areas of potential complexity. It is within these particular wave degrees that some of the most obscure financial price action patterns come into view. From triangles, to WXY's, and the gamut of pattern complexity carves out their shapes here. To even the most seasoned Elliotition these areas can cause confusion, mislabeling and undoubtedly, uncertainty. In the intermediate sense, they mean less. But when observed in the larger cyclical timeframes, these areas are always associated with economic and/or societal change.
The last financial supercycle waves took place on October 1929 wave (I), and April 1932 wave (II). Post 1932, financial prices have advanced seemingly unabated for 90 years. During this 90-year timeline, humanity has advanced in technology, medicine, communication, etc…all of which have impacted living conditions and average life span. These advancements changed migration patterns, mobility and communication.
I can’t help but think, is now the precipice of where our 90 year advance and the natural order of entropy have hit a tipping point and henceforth, entropy now has statistical favor?
Granted I am not skilled to discuss societal matters or medicine, etc…but from an analysts perspective…Is flat to down now the path of least resistance in the markets for the foreseeable future?
Along the way of the 90 year advance in the SP500 you can see the historical events that have occurred and their impact on price action. Those price action sub-divisions were the result of the best and worst of times post 1932. My children, now grown adults, were financially shaped most by the 2008 financial crisis. However, in the grand scheme of super-cycles…you can barely make out those declines on the above chart. The final anecdote I’ll share is in 1991, when my wife and I bought our first home. Making what we believed to be one of the largest purchases we would make in our young lives, we watched mortgage rates as they flucuated. Then, we pulled the trigger to lock in rates, due to a short term dip, and at the time, felt we were wiser than most. So happy with our shrewdness in locking in 9.75% APR on a 30 year fixed mortgage. In retrospect, mortgage rates never went back above 10%. The last two decades, fiscal policy was on a longer term trajectory to 1-3%. We were not the gurus we made ourselves out to be back then. Maybe that trajectory down was a reversion to the mean in the post Larry Summers Fiscal policy of the mid to late 1970’s. Seems so now with the benefit of hindsight. But now it feels like that again…but this time the reversion to the mean is a post Ben Bernake fiscal policy. I can’t say for sure, as I do not posses that kind of foresight with respect to interest rates.
What I can say, is having analyzed 150 years of price action, financial entropy is starting to rear it’s head. If this is in fact starting price action of a supercycle wave (IV). The buy and hold strategy is dead. This will be a traders market for at least the next two decades, or more. Case in point…observe the area in the red box on the above chart. This area is a primary circle wave 4 of one lesser degree within a cycle wave III. That wave 4 consoldation lasted from 1996 until the beginning of 2013. That was manageable. That was also 17 years of price action digestion from the previous 1974 stock market bottom.
Since our previous supercycle events, we have experienced wars, advancements in technology, medicine, migration patterns OH AND WE EXPERIENCED a global pandemic. Mirroring what led up to previous (I), (II) wave degrees.
I don’t post this to scare readers, nor do I seek ANY attention. I do not ever see myself as being referenced as the trader who called the top of some market in some time. I forecast these things to evaluate if I can make money as a trader from the forecasts. In conclusion, I’ll leave you with one of the wisest quotes I ever heard as it pertains to what I wanted to achieve as a trader when I started. Its not from a wise greek philosopher. Its from Cuba Gooding Jr. in the 1996 movie Jerry Maguire.
“I’m already famous…now just show me the money”
US100 Bearish Move hello traders so after doing a quick analysis on us100 it appears the it might be going bearish next week.
first we have the price closed below a raising trendline with a inversed hammer on one of the candles.
it also closed below a support level.
we have the rsi indicating bearish signs .
this is just my personal opinion not financial advice trade safe !
NASDAQ Moving LowerLooks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly failed to make a higher high and is accompanied by higher recent selling volume. Current support levels are shown as dashed lines (yellow to red) With the red box being the strongest support and current target.
The Short Term - Looks as if we return to the primary trendline of the melt up (teal solid) to see if we get a breakout or a fake out. Mom's allowance money for this week says we make that move lower due to the above analysis and since RSI was rejected off the 50 level.
The Long Term - Shows price action moving back towards and testing the 200-day MA with the battle between the 50-day and 200-day to follow afterwards. Death cross = doom and gloom, bounce = hao in the NHL did u guise pull ths off?
TDLR; Bearish Deviations - Price action moves down to the teal solid line then towards the 200-day MA. Red box is the current target. Stay tuned to see how mad mom gets if the market takes our allowance money.
None of this was meant to be financial advice, but still seems pretty legit
NQ weekly consolidation comes to end?Context:
Monthly, weekly - Uptrend (UT)
Daily - downtrend (DT)
Micro-structure:
Poor low from yesterday, excess high from Wednesday
Last Day:
Bearish break out from the range w/o much follow through (b-shape profile implies liquidation of longs, w/o new business). Price returned to the previous range.
Conclusion:
Healthy weekly consolidation. Daily DT comes to an exhaustion as bearish breakouts do not get follow through. If value moves into previous trading range it will be a very good signal for buyers. The only remaining problem for them is strong excess (unfilled gap) from Wednesday 2nd. We should also be cognizant of the fact that we have not yet seen any sign of meaningful buying . So sideway movement scenario is a very likely option
Disclaimer
I don't give trading or investing advices, just sharing my thoughts
$DJI holding better than other indicesAMEX:DIA has been pretty resilient lately. Stronger than TVC:NDQ , SP:SPX , & $RUT.
IMO
Even if #inflation goes up, #stocks can follow. Historically, many countries have shown, this has been the case. Eventually, when the music stops it's ugly. But, we'll deal with that when we get there.
Risk is not as bad as it was a few days ago. Risk is waning again.
Let's say, for giggles, 1k more drop for TVC:DJI , not so bad.
NASDAQ hit the 1D MA50 for the first time since March!It's been almost 1 month since we last gave a signal on Nasdaq (NDX), hitting the 15900 target (chart below):
The setting is different now, as the index hit yesterday its 1D MA50 (blue trend-line) for the first time in almost 5 months (since March 15). This isn't a buy signal yet as yesterday's 1D candle closed marginally below it. Another candle closing below it, will be a sell signal targeting the bottom of the long-term Channel Up pattern and Support 2 at 14690. That will be an excellent buy entry (target 15950) but will be invalidated if the price closes a 1D candle below the 1D MA100 (green trend-line), in which case we will sell again and target Support 3 at 14240.
If however we get a 1D candle close above the 1D MA50 before a second below it, we will buy instead and target the 15950 Resistance, as in that case it will look like the March 13 bottom fractal.
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💾 Nasdaq Went Ahead | Next Target Above 15,555Well, no surprise as to what is coming on Monday... GREEN!
Look at the NDX (Nasdaq) chart, it already went ahead and broke its August 2022 high after more than 7 months.
Just like Cryptocurrencies move together, the same happens with the conventional markets, what one does, the rest follows!
We can expect the SPX to grow on Monday as well, based on the fact that the NDX went ahead.
We will look at the DJI next and see what the chart has to say.
This is good news, great news!
✔️ We want money.
✔️ Make it positive...
✔️ We are tired of the negative aren't we?
✔️ We prefer joy, happiness and abundance.
✔️ Make it grow!
Next target 15744!
Namaste.
#NASDAQ100 Testing Parallel Up Trend#NASDAQ100 Testing Parallel Up Trend for the fourth time. I expect this to break this week or next. We are entering a seasonal bearish period, also we have been in a up trend since March 13th. The 150 day moving average will be a great opportunity to start buying.