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QQQS

Here is a bullish forecast for the NASDAQ 100 index Based on the current wave structure, it appears the NASDAQ 100 is in the final wave 5 of an impulsive bullish cycle. Wave 4 appears to have completed, setting the stage for a push to new all-time highs in the near future. Key points: The NASDAQ 100 is in the midst of a larger impulsive bullish trend Wave 4 correction has finished, clearing the way for wave 5 to the upside Expect the NASDAQ 100 to make new record highs in the coming weeks/months as wave 5 unfolds Overall, the technical picture remains strongly bullish for the NASDAQ 100 index This is a very small and focused bullish forecast for the NASDAQ 100, based on the current wave structure analysis. Of course, the markets can always surprise, so this should be considered along with other factors when making investment decisions.
OANDA:NAS100USDLong
by SabahEquityResearch
3
The 200 Daily SMA was struck again... Full short using QQQSAssuming with a high degree of certainty, that positive traditional market sentiment is waning. As we enter the first acknowledged year of this Great Inflationary Central Bank Recession, caused by a combination of negative interest rates and a supply chain bullwhip effect even the Russian military's logistic department might have been able to spot. We are going to lose the last bit of positive buying sentiment, likely leading to the S&P 500's next strong rejection lower. From a macro point of view, Central banks are all engaging on further tightening measures. While Inflation is running rampant and significantly raising prices for all goods, particularly in terms of rental properties, food and living expenses. Aspects that are not proportionally represented in official government reports. Combined with this is wave of lowering company earnings and a swathe of high paying lay offs in the financial, tech and manufacturing sectors. These factors have not been factored into price yet and the likelihood of the Central bankers holding higher rates for these next two years, has not be accounted for. The final aspect of this analysis is the slow selling that has occurred. With each rally against the downtrend, each sideways accumulation is being held up by a "Buy the Dip" mentality. Retail is buying the dip the same way as in every bear cycle, accompanied by all the bull market funds that are buying the dip, when a likely larger 15% sell off is coming down the river to Niagara Falls. This is just one Investor's opinion, best of luck out there.
SP:SPXShort
by FortunaAlgoAnalytics
5