NASDAQ LONG 30 MIN But Possible below 7347 Trend brake NASDAQ is still long of course at it is more than 1 % PLUS today
But please check these 30 MIN Chart.
We have to pay attention on the 7347 Level aerea
If it breaks ot end of a 30 MIN bar below that
in my view these long run has gone and we are
(maybe only short time) directly in a SHORT setup
cause we have a double top which is broken.
At the moment it isnt but watch out that level !
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These information is not a recommendation to buy or sell. It is to be used for educational purposes only .Alllways do your own research---
Ndxshort
Situation NASDAQ 8:45 NYT LONGNasdaq has just sit on the Blue trendlinei have mnarked
and is still long.
There has been established a new support zone at 7170/7180
i have marked in blue.
Only a trading below that would destroy these setup.
But even if trading below that 7170 at 7150 and 7130
there are some support zones (i have also marked new in blue)
to hold up the bulls.
If 7170 will not hold a possile trading setup is short to range 7130
maximum 7080 but very tricky in my oppinion
Faang stocks have more bark than bite !How long do you expect
"faang" stocks to prop up
these markets regardless
of who's money is doing
the propping up ?
The house of cards is getting wet and the breeze is building.
Have you guys guys ever played the game of Jenga ?
The game is designed in such a way as to allow players to
pull a "stick" from the bottom and place on the top without
toppling the tower over. Initially it's very easy but gets
progressively harder and harder until you have to be so incredibly
careful as to not topple the now very high and shaky / unstable tower.
Ultimately you find you have no moves left and any attempt to alter
the structure, in any way will result in the toppling . It's your move...
Possible scenarios for SPXI 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 immediately. This is less likely because there are still enough buyers (especially on American markets).
I think the bull market is coming to an end with an approaching trade war and an economy that can no longer grow. This is purely fundamental, but the graphs will show us in the future if we are right or not. Remember, trade only after confirmation. The market can still go up!
SPX futures still want to go lowerSP: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).
Short NAS100USDBig 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 business spending and consumer net income.
At such high prices, not so good value yet for long term investors.
More bear moves coming soon.