This is going to get nasty ! biggest rising wedge in the history and this will cause all markets to dump and bleed forever ! Targets can be reached below $7000 .
Into December of 1919, the CAPE was at an all-time low. With so much focus on 1919 going into the COVID-19 pandemic among market commentary, the comparison that this chart allows to make is 1919 to 2019, with a suggestion of downtrend. If the SPX indeed returns to multiples in 1919, that would put a market valuation of the SPX at around $500 according to the...
I don't expect the market to completely tank, it probably whipsaws sideways this month. Overlay for a possible scenario... Just remember that the market bounces when oversold so don't chase it too far (everyone predicting a huge tank has gotten burned the past few months)
NQ100 made the all-time high on 2 September and this index is still going strong. The question is how much higher can this index can go. . From our technical standpoint, assuming this bull-run continues, we are now revising our target to be at 13,007. But before that, it needs to test the resistance level at 12,613. Let's see whether this index will reach our...
NQ pattern looks very similar to mid-July. Expect a whipsaw the next couple of weeks. Funny thing is that I modified my upper trendline last week and forgot to post it, nailed it on the spot. Prediction here is that the market gaps down tomorrow then heads up. Don't chase the drop... or at least watch the indicators. It will go up when it gets oversold.
11500-14300 is the range which we'll see till the end of this year. Get ready Nasdaq on its own rocket
Contract - CME_MINI:NQU2020 - High - 12331.50 - Low - 112314.50 Current Stats - Gap: N/A - Session Open ATR: 200.98 - Volume: 29k - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Idea: 4hour chart: 200ema support, daily chart: 50ema currently us as support and 0.236 fib level as buy range in bullish trend with higher lows. 1). Limit Buy: 38$ 2). Limit Buy: 38.20$ 3). Limit Buy: 38.44$ Average price: 38.269$ 1). Take Profit: 41.75$ (+8.95%) 2). Take Profit: 42.29$ (+10.73%) 3). Take Profit: 49.90$ (+30.52%) Stop Loss: ...
Contract - CME_MINI:NQU2020 - High - 12034.50 - Low - 11995.00 Current Stats - Gap: N/A - Session Open ATR: 200.54 - Volume: 17k - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Nasdaq Futures with lots of targets below got stopped dead - as the ES Futures hit yesterdays VPOC - this turned off the downward action. In the 15 Minute Bar the NQ lost 84 points - the move down was just as quick up, you couldn't hit the buy button fast enough to buy back shorts. NDX - Gap shown one of only two - unlike SPX which has four for the month of...
Self-explanatory from the title, I expect the Nasdaq-100 to work its way roughly on this course during this bear market.
With over a 3x higher extension than in 2007/8, we can see the NQ is over-extended from the Bollinger band.
NQ overbought on RSI and MFI, very close to touching that magenta line I drew up 2 months ago. (I dunno, it's been over a month at least) Funny thing is, I'm eyeballing the placement of these blue lines and they seem to work as well. Anyways, time to sell, I might buy some puts EOD. Not tech though, probably some garbage stocks or foreign index ETFs.
Chart is drawn with Renko bars. This is the fourth time price has moved outside the channel - only to fall roughly six percent. Impressive ramp right before the Jackson Hole Meeting. CME_MINI:NQ1!
Contract - CME_MINI:NQU2020 - High - 11741.75 - Low - 11729.75 Current Stats - Gap: N/A - Session Open ATR: 200.16 - Volume: 11k - Long-term (Daily) Trend: Bullish Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable...
Got very close to oversold on MFI and bounced this morning. If it hits the magenta upper line, might be worth some puts for Powell's speech Thu morning. Thought about doing something stupid like buying FB calls for overnight, but decided against it because premiums are still high. Looks to me like one more pump coming though.
It would appear that we're going full pumptarded. Note the arrow is the target, not the path. We may get a dip here because MFI is overbought, but we probably hit the upper trendline on Ponzi Tuesday. AAPL wants $500 bad.... keep an eye on it. It may rally all the way until the 8/28 split date. AAPL is carrying SPX, DJI, and NDX today. All foreign markets...