NASDAQ is on the edge of a 30% retrace which is healthy and the bullish trend would still be intact. *This is NOT investment advice, it's just my personal opinion, trade responsibly.
I think there are 2 possible scenario's for the SP:SPX on a bigger timeframe. Note that this is pure speculation. Only trade after confirmation. Scenario 1: Back to the previous bottom and then bounce back up to form a head and shoulders pattern. Break out to lower territory imminent after a H&S. Scenario 2: A weak market will cause the resistance to break...
SP:SPX , OANDA:SPX500USD futures are looking to go lower. Trump moved the markets yesterday with a small "relieve" rally. However, the markets couldn't hold on the gains and it became a loss. This is signaling weakness in the market. The SPX futures are now making a bear flag and will probably breakout soon to go lower. Remeber, trade after confirmation (breakout).
I saw some bearish signals on macd also rsi is overbought on 4h chart. Profit Targets: 7135.4 7107.2 7085 Stop Loss: 7187 Have a nice day, Berk.
NDX has formed bearish Bar on daily as well as on 4hr Chart. It shows that bears are in control till 6575-6537.Daily Trend is Up but I will Short at 6630 with The STOP Loss of 6665 For The TGT of 6575-6530. My View is is for day trading.
Nasdaq has broken the daily trendline from February 2018'. I will buy Positional with stoploss of 6580 for target 6800.
Big hanging man formed end of Feb 2018 at top of a very long bull run after the all time high set in Jan 2018. The flash crash and push back up to all time high prices, if the market does not push beyond the all time highs in Jan 2018, the short term speculators will pull out. Uncertainty, risk aversion in the light of trade wars, rising yields, possible drop in...
O YES THE FEAR IS HERE.. exciting times for traders worldwide.. To be continued....
Two pinbars might be the beginning of a bearish trend