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Ndxshort

VXN NOT CONFIRMING RISE IN NASDAQ SINCE MID-DECComparison of INVERTED VXN to NASDAQ 100 Futures (NAS100USD). As can see since mid-Dec NASDAQ 100 has been making higher highs WHILE VXN HAS BEEN MAKING HIGHER LOWS (INVERTED VXN ABOVE MAKING LOWER HIGHS). This is a MASSIVE BEARISH Divergence for the NASDAQ that is not confirming the rise in the NASDAQ100 rallies and a huge red flag that the NASDAQ is due for a massive drop. This is in line with my calls for drop in the S&P and an explosive rise in US Dollar Index (DXY) as well as coming explosion higher in VIX (see next coming post) as well as explosion higher in VXN coming. See links below to S&P and Dollar Index Elliotwave counts. VIX Elliot wave count and projections coming next. RISK OFF is coming to the markets in a major way soon. Stay tuned for the VIX count. Cheers! Cyrus
CBOE:VXNShort
by cyrusgr8
NASDAQ at the end of its bull run ? WATCH OUT FOR 9.730$Here is my thought, we might be seeing a trend reversal on the nasdaq, to be confirmed on monday by : - An opening much lower than friday's close creating a weekly gap, - The definite crossing of the MA20 (which has been struck on friday), - Crossing of 1H MA200 and 4H MA50, - Crossing of daily RSI 50 value, - Breaking the dotted pink support line. Next supports are - 9500$ (Fib .236 + daily MA50) - 8900$ (Fib .382) - 8500$ (Fib .5 + daily MA200). 8.500$ is my objective for now. Stop loss : 10.150$
TVC:NDQShort
by KillianPauper
Short NasdaqThis market is manipulated to the point of being ludicrous. When individual stocks are still being bought at P/Es well over 20 and RSIs approaching 80, it is no longer a market in which participants can believe. Let's see... Ongoing pandemic that is crippling both supply and demand globally? ✅ Nearly 50 million unemployed over the past 10 weeks? ✅ The worst, most widespread and prolonged civil unrest since the 1960s? ✅ Increasing tensions between the US and China? ✅ Stocks reaching unprecedented valuations? ✅ The contrast between the economy and the stock market has never been this stark before. Despite the worst economy in 100 years, stocks have soared over the past 2.5 months. Tesla is up 400% over the past year and has more than doubled in value YTD. Amazon has a P/E over 100. The Nasdaq is on the cusp on reaching new ATHs. The Fed was desperate to prevent the coronavirus from popping the everything bubble, and their overreaction has now reinflated that bubble to new heights. This is NOT going to end well.
NASDAQ:NDXShort
by mariobros7
2
We're going down short-term whether you're a bull or bear.We need a correction in the short term, whether we're going on to make new highs or lows. So the orange line is currently in play. IF we are indeed in a new uptrend and going to make higher highs, we should see major support around 7,500 (which still implies -10% over the next couple weeks). And a 3-wave move on the downside IF we are continuing the downtrend, we should see more bad days than good coming up for the markets. Personally I plan to short this market until we get to major fib supports. Then maybe take some profits and wait to see if we get a good positive reaction off those levels. The counter trend up-rally over the last month has been solely based on central bank liquidity injections. Amazon just reported that they might report a loss for Q2 and Apple says they can't give direction. Which = Uncertainty = negative for markets
NASDAQ:NDXShort
by MonetaryRebel