The most important index for the reflection of the American Stocks market is the SP:SPX , so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇 As long as the price is below the 4-point level (5 390.95), the...
Considering the breaking of the upward trend line and the formation of the descending MTR, it is likely that it can continue to fall until the first target, 17500
NASDAQ:NDX The support level at 16019 indicates the formation of a bearish wedge pattern and an AB=CD pattern. I have identified my targets on the chart based on these formations. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
NASDAQ:NDX I have indicated the completed targets of the ABCD pattern on the chart. Resistance is at 17670, and support is at 16248. Please don't forget to like and follow. I'm sharing analysis exclusively for you. You can express your gratitude by liking and following
NASDAQ:NDX Enter the trade when the ABCD pattern is completed. After completion, my target is 16,410. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
i believe we might see a bearish move soon on us100 , we have a falling trendline + key level most likely a sell from there. what do you think
Word of caution: In all fairness, I did get stopped last night So perhaps I am wrong again, as I may underestimate a potential year-to-end rally (elections, they probably don't want to rock the boat) JPMorgan turned bullish after yesterday's FOMC. Goldman Sachs & Bank of America are also calling for a year-to-end rally. So, take this trade with a grain of salt.
In my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below...
I also believe that SQQQ will form a new all-time low below $16.92 in Q4. Currently SQQQ is sitting directly below a resistance zone between $20.90 and $21.74, and the EMA ribbon is acting as an area of resistance. For bears that are long on SQQQ, the yellow resistance zone is a key price target and the next key price target on the way up is $29.19.
We've been seeing NASDAQ index volume decline since mid-July. The rise slowed down and even came to a halt. Therefore, we expect a decline for NASDAQ in the coming period. This decline will reach the 200-day moving average of $14250. But the weekly close could be above $14550 in any case. At this level, purchases of US stocks can be considered.
hello guys , as i previously analyzed last weekend on the weekly tf nasdaq or us100 is very bearish in my eyes. as i predicted perfectly the price closed below a bullish trendline and it failed the create a higher high also forming a double top. i highly highly request from you that you take a good look at my last week analysis today on the daily tf it...
Short ZS again. Argument for a triple top. Weekly might print a long legged doji. Moving average acting as continued resistance. Red line invalidation. Not adavise, good luck.
NASDAQ Daily *Note: This is an update to our previous analysis that will be linked below Price Chart The NDX is currently trading within an upward channel (Yellow Solids), and has recently tested the bottom trend line a fourth time; the more price retests it the weaker it becomes. This has also formed what could be the neckline (Teal / Red Solid) to a head...
NASDAQ Daily Price Chart We have quite a bit going on here so, pitter patter lets get at 'er. First, we have our second fake out (Highlighted) on the major trend line (Yellow Solid) which is accompanied by less buying volume than the first. EMA's have not crossed yet however we have a solid close below the 50-day and a legit cross of the 12-day and 26-day...
NASDAQ Weekly Price Chart After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term...
Looks 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...
Signal was initiated on the Daily NDQ100 NASDAQ FRIDAY 8-3 at the CLOSE Typical trade 8 days TP @15 170 TP @ 15070
#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.