Although market appears currently bearish, it can turn into a bullish one once we retest the major falling wedge from September (that we have already broken out of). A retest here is the best support for a sustained rally for bulls. In fact, bulls should want price to crater lower so we can retest the major wedge breakout. Then we have a higher probability of...
Crossing up GREEN with notable volume = LONG Bouncing off RED (failed breakout to the upside) = SHORT Crossing down RED with notable volume = SHORT Bouncing off RED (failed breakout to the downside) = LONG
Look for stop hunt towards pre market low with strong rejection... otherwise abyss ahead. If seller I would wait for at least retest of day open
There are 2 options (obviously), up or down. For the move up i see one scenario and that is a strong move up today and tomorrow towards the 7300/7350. If that happens it will form a W (double) bottom formation which could bring the prices back to the ATH. For this to happen we need to see that blue line happen as we can see in the chart on the right. Would mean...
So far the Nasdaq is moving according to the fractal i highlghted in my previous analysis. Of course the small waves are not always identical but so far when we zoom in, we can see it is very similar. At the moment it looks like the H&S is becoming the same as well. So we can expect a small move up during opening and from there on we should start to drop again....
My early followers know i have been waiting for a very long time now for the US markets to finally make their drop and actually even start the bear market. But from my own experience i know these things can be postponed to extremes even. A valuable lesson i learned in my early years of trading, don't fight a market. No need to go long of your view is down, but at...
Clear as day, NFLX earnings boosting us up into trap. Was planned all along.
here the 5 wave sturcture ends
Top chart is NQ 4 hr - we have a throwback to resistance breakout possible, here is where I will long. The /ES below looks bad however.
Longing NQ at the channel support is a good play.
The Venus retrograde cycle is a historically bearish cycle for US equity markets. The falls seem to be exacerbated when at or near all time highs, which all three markets find themselves. Regardless of catalyst or a reason, a strong dip should be expected between October 2nd and going into the last week of November. The Venus retrograde cycle starts on October 5th...
I see this resistance line holding - worth a play.