Possible Movement After CPI 2/14/2023Possible price movement going towards the CPI data on Feb 14th, 2023. Good luck trading!
NASDAQ 100 CFD
Dollarization Will Push US Stock Market To Levels Never Seen...Everyone is talking about de-dollarization but nobody is talking about dollarization. This is part of IMF's plan to dollarize the world and change the name to "One World Currency". The future is much brighter than a lot of people think. We are heading towards a world where stock markets around the world is going to do very well due this one world currency. Boarders and barriers between countries are going to taken down where we start treating the world as one country. Any person with clean record can travel wherever they want with no restrictions. Also no barriers in world trades which will bring world's economy to levels we never witness. I see a much brighter future ahead...
Possible Price Movement For S&P500 Week Of 2/13/2023...Major bounce on Monday is likely and a major price drop on Tuesday is also likely... Happy trading!
SPXlooking for 3,830 to catch the move down, appears to be 2 leading diagonals in place as Wave A & C should at least test the 50% of the zig zag starting point wave A which is where the 5th wave diagonal should end.
NASDAQ on its 1-month Support. Strong Buy.Nasdaq (NDX) broke yesterday below its 4H MA50 (blue trend-line) and is testing today the Higher Lows trend-line that started on the January 06 Low. This is the buy entry with the highest short-term probabilities of success. We clearly outlined this solid buy level on the 0.618 Fibonacci retracement level in our analysis last week:
As long as the Higher Lows hold, we are on a buy targeting 13400 (+9% rise which has occurred 3 times so far during that pattern). A break below targets the 4H MA200 (orange trend-line).
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NASDAQ Important Levels NDX at the moment is bouncing between the long term BEar trend reversal FIB golden zone
If we see NDX going above 13500 that will confirm the Bear trend reversal and the return of the bull market will be confirm
Until then the next support is at 11500 . If it goes below 11500 then next strong support is 10800/10500 levels which can be idea for making entries
Any thing below 10800 levels means the Bear Trend can continue downwards
You Haven't Seen Anything Yet. Warning!The trend was started in 2017. Covid crash was just a bump on the road to something really big.... Once in a lifetime crash in one the way IMO...
Nasdaq -> Be Ready For The BullmarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
The Nasdaq and also all major US indices have been performing extremely well lately. I personally don't think that this is just a short covering rally, in my opinion, this could actually be the beginning of a new bull-market.
You can also see that from a weekly perspective we broke a lot of structure towards the upside and are also about to create a weekly double bottom, so everything is looking very bullish.
From a daily timeframe I am now just looking for a retest of the neckline of the double bottom, which is simply previous resistance turned support, and after this retest it is quite likely that we will see the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ On its 4hour MA50! Buy!On a one month frame this is the best buy opportunity on Nasdaq as it made contact with its 4hour MA50. Since the January 6th low that started this uptrend, the 4hour MA50 has been the most optimal level to buy.
Rises of +6% have been the most common throughout this uptrend so that's our expectation, even though we set as always our Target a bit lower at 13100. The Channel's Buy Zone is within the white layer, so there is still some room to go lower. In that case we will adjust the +6% and Target accordingly.
The RSI has also entered its Buy Zone.
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SPX | The RSI WarningRelative Strength Index, is one of the most famous indicators. If analyzed correctly it can show us warnings very early on.
Look at this period between 2010-2014 for USOIL
Price is supported by a very wide ribbon, while RSI is under significant resistance. When we are talking about such wide timeframes, RSI action is VERY important. One could say that RSI analysis is more important than price analysis.
On to the protagonist, SPX...
While price is under WIDE support, RSI shows the oncoming weakness.
After the recession, this is the confirmation that we reached a bottom.
Onto todays outlook:
Tread lightly, for this is hallowed ground.
-Father Grigori
Always Watch The Junk Bonds. Six Sigma Bubble Is About To Fall..Flashing big warning signs. You guys need to be really carful. All the gains can get wiped out in just a few days. Covid is proof where most stocks got halted while the prices are dropping like a stone.
Microsoft has likely put in a near term topMicrosoft just provided an epic sell signal to the market.
The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.
If the second largest company has put in a near term high, we could see the tech sector subdued.
Now we wait for other sell signals.
A 50% retrace is typical after a strong reversal but so is a gap down.
NASDAQ is peaking. Short term pull back possible.Nasdaq is on the 5th sideways 1D candle, the first neutral (or non-bullish) sequence since the rally started on January 6th.
It is doing so after being rejected on Resistance 1, which was formed by the High of September 13th.
Trading Plan:
1. Sell if the price breaks below the MA50 4H.
2. Buy on Support 1.
3. Buy if the price breaks and closes above Resistance 1.
Targets:
1. 12000 (marginally above Support 1).
2. 12850 (marginally below Resistance 1).
3. 13700 (marginally below Resistance 2).
Tips:
1. The RSI 1D is on Lower Highs. A Bearish Divergence supporting a rejection.
2. Potential Golden Cross 1D on Support 1 near the end of February. Can provide a massive price boost.
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NASDAQ100 showing strong buying signs to 14,000W Formation has formed over the last few months.
We have had a break up out of the neckline and now looks like the price wants to bounce and run up further.
7>21>200
RSI>50 (Higher lows)
Target 14,000
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
NQ UpdateMFI is heading up but RSI isn't moving. Means the algos are having some trouble pumping the market, I think MFI gets overbought when NQ fills the gap and we just get sideways whipsaw until CPI next week.
As for my trading, I flipped my PDD calls on open and I'm done. Made a couple Ks. Did it because HSI was oversold yesterday, unfortunately it filled the gap above and came back down. If HSI had stayed up 1.2%, PDD would have shot up $4, because it always exaggerates HSI moves.
PCAR has 2 open gaps above, wondering if I should get some before the split. Gonna decide in a little bit.
NASDAQ 1st closing above the 1W MA50 in more than 1 year!Nasdaq (NDX) closed last week above the 1W MA50 (blue trend-line) for the first time since the week of January 10 2022, so effectively for more than 1 year. On this analysis we diverge from our usual 4H - 1D time-frame analysis such as the recent one below, and look into the bigger picture on the 1W time-frame:
Having broken two weeks ago above the Lower Highs trend-line of the Bear Cycle, this 1W MA50 closing last week is the last of the bullish confirmations we need to validate that the long-term trend has changed.
With the price however rejected on the 0.382 Fibonacci retracement level, we may see a short-term pull-back, especially since the 1W RSI hit the top of the Rising Wedge that is holding since March. The Support Zone is now within the 0.236 Fib and the 1W MA200 (orange trend-line). If however the index closes above the 0.382 first, we expect a structured continuation of the recovery to at least the 0.786 Fib by the start of Q3. See how almost perfectly the Fib retracement levels match key Resistance and Support lines of the Bear Cycle. The market should treat them as demand/ supply zone on the way up too.
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