Ndxshort
Nas100- Where to sell?There have been 3 very bad days for Nas100 and indices across the Globe with, in the Nas100 case, a drop of around 1000 points and a significant break under 13k important support.
Now the index is in a normal rebound and this can offer bears a good opportunity to sell at higher prices.
In my opinion, the sell zone is between 12750 and 13k and only above 13.300 would put a pause in this bearish scenario.
The Great Reset of 2022In the light of a recession with the GDP seeing negative growth in Q1 and a tighter monetary policy from Fed as well as rate hikes from Fed does the high profile growth stocks see a slow down.
The main buyer of these high profile growth stocks is NASDAQ where many of these stocks see a bearish market (e.g. Meta Platforms, Zoom and Netflix) as investors go from high profile growth stocks to safer investments such as commodities and real estate in fear of a recession.
Also consumer spending is lower than before as consumers does not buy multiple streaming services, delivery services or technology in general but instead safe money and keep e.g. dollar instead of stocks and cryptocurrencies.
This negative consumer spending causes these high profile growth stocks to see a slow down in growth as their balance sheets are negative.
NASDAQ may see correction towards the green part of the green cloud but after that a more drastic drop off as the price crossed underneath the green cloud.
To support this claim does the EMA and the RSI are both showing this correction is likely to happen.
In tune with inversion of the yield curve may the NASDAQ see negative movements like it did during the last times this happened in: 2001 and 2007 right before the Dot com bubble and the Great Recession respectively.
Nasdaq Possible FormationHere we see the formation of an imperfect plate with a minimum target of 138.2% of the B wave and a maximum target of more than 161.8 B wave, which will actually be a drawn flat C.
Since the flat C is most likely part of a triangle, we have to wait for the formation of the next components of a triangle. Due to economic conditions, we can not expect the formation of strong contraction triangles. Of the 18 types of triangles available, reverse triangles can be Contraction and reverse expansion thought. One of the most pessimistic scenarios is drawn in the figure, in which case we will not see a new ceiling in the market. In the case of forming a neutral contraction reverse triangle, the previous or slightly higher ceiling will eventually be formed.
NASDAQ-100 breaking the 14,000. Growth Stalking.We’ve been heavily focused on the NASDAQ-100 (aka NDX and QQQ) as the 200 day moving average continued to dominate price action - despite pundits on television speaking that venom on how “growth and tech were recessionary resistant!” It is amazing what these people can get away with on television and how their words are held tightly by many bystanders looking for direction.
We’ve been calling for economic weakness on our Facebook page surrounding the balance sheet (before it was a hot topic in the news), M2 Money Flow, Housing, etc. Feel free to check it out -> just click the link at the bottom or go to my profit page.
Back to the Futures…. We’ve been eyeballing the lows of March 15th as a potential target. Now that is not to say we can have a few days of upward impulse movement, or the Inflation figures coming out tomorrow are somehow seen as weaker than expected and the markets get a ‘relief rally’ back above the 50 day moving averages. Stay cautious of any intraday changes for short term opportunities.
Keep track of the levels through annotations on your charts and please feel free to check out some of our videos. Follow me on TradingView for any new and updated posts and to any videos in the external links below (or in my profile).
Bearish sentiment continues until there is a change in complexion. Remember if we have a bullish day that doesn't change the bigger picture. Patience and Discipline to live to trade tomorrow.
GOOD LUCK Everyone and THANK YOU for your time in reviewing this post, my others posts, etc.
AGAIN... Keep a mental note of those levels; especially if there is a bullish relief that may catch many off guard and keep in mind the holistic view is bearish. But, that doesn't mean you won't have opportunities in the short term in either direction, regardless of the overall major sentiment and trend.
US100 - Possible Shorts For Next Week.The 15K-15250K level has brought some demand on the last days of the previous trading week.
Price action seems to be mirroring a recent move, which is circled on the chart.
I am anticipating a minor pullback before we see further downside to the 14000K level , possibly a bit lower.
**THS IS NOT FINANCIAL ADVICE**
CAPITALCOM:US100
NASDAQ:NDX
NAS SHORT HIGHER TIMEFRAMENot to be an alarmist or anything. But the nasdaq is looking weak in the knees right now. We needed to break that high to switch bullish. The market rejected it pretty harshly. You couldn't pay me to long NAS until we get a new high or SIGNIFICANT retracements to discount prices succeeded by 1hr shifts in orderflow and bullish structure.
Nasdaq100- New leg down?In my previous Nas100 analysis I said that I work with 3 bearish scenarios in Nasdaq's case, and the last scenario proved to be the correct one so far, with the index reversing from 15k zone resistance.
At this moment, the index is trading just above 14.400-14.500 zone support and I expect continuation to the downside.
In my opinion rallies around 15k should be sold and only the index above 15.500 would put a pause in this bearish scenario.
Bears can target 12.500, keeping in mind the last low as support also.
Best regards!
Mihai Iacob
Nasdaq - Short - M FormationNASDAQ: BEARISH OUTLOOK
There is a confirmed Double Top (M Formation) showing further downside to come to around 14,483. I am worried with American indices at the moment. Omicron, talks of inflationary measures and increase Interest Rates is causing quite a bit of downside.
NDXNasdaq looks like it still has the ABC down happening, the SP500 looks like it want's to push higher, while the nasadq looks like a H&S pattern can play out dropping tech stocks to 14,000 to finish wave C. I really don't like the mixed indices. When DJIA was pointing down for wave 4 but SP500 & NASDAQ were pointing up the truth was revealed that the dow jones w4 bears had the power to correct all markets. So we need to watch closely. The Evergrand news seems to be priced in though, so let's see if the bulls can NUKE the head & shoulders pattern and break out above ATH. I would add the a big crash to 14k would likely be the gas needed to pump NDX over ATH(just a thought)
NDX (Nasdaq) one of the possible moves. Possibility of dotcom2.0Hey, this is one of the possible moves in of $NDX, the index is overbought and it needs to cool off, maybe we see a market crash (or just a big correction) in February 2022.
Not financial advice. Do your own research.
P.S I will be glad if this is not gonna happen. If this happens many people will lose their savings.
P.P.S If we see market crash it will not be as 'light' as 2008 but more like as it was in 2000 (dot com crash) or even as hard as the Great Crash (1929 aka the Great Depression).