easy peasy short inverse squeezylooks like we cup and handle, and that takes us briefly over $27 in this short nasdaq fund. as long as we are over vwap this thing is a buy.
Shortnasdaq
What a close of the weekReally straightforward close of the week in tech…
From current levels I see another 10-15% downside possibility in Nasdaq, where strong bullish support would probably step in seriously.
From macro point of view I agree with those specialists who say that J. Powell was pretty straightforward in his views on battling the inflation, which is the number one problem in the US or even in the whole world (Europe for sure) at the moment.
Some people would argue and don’t see it this way, but it doesn’t really matter.
Having a view and realising an idea are two completely different stories.
SELL NASDAQReason to enter sell
1. desc trendline
2. daily supply zone
3. weekly resistance
4. confluence trendline, resistance & supply zone
max target with fib expansion
qqe and sss pointing south for nasdaq stillSQQQ is having bull readings from qqe and sss signals strategies. holding 52.62 and breaking 53.78 would open the road to high 54s if signal remains green in the bear nasdaq etf.
looks like bears have returned to the nasdaqSQQQ TRAMA and VWMA have turned up, and are following the price higher. stiff resistance in the nasdaq along the downtrend line has proved a supply area in the index is sapping momentum out of the bounce. the last time this happened we had a return to the bear market, and SQQQ saw gains of around 8%. id like to see SQQQ RSI get overbought before i count it out, and inversely id like to see TQQQ oversold before im long the nasdaq. if we close the day as a shooting star, bear hammer or bear doji in TQQQ, and SQQQ forms a bull hammer, inverted hammer or bull doji i will be long SQQQ daily. holding above $53.29 id aim for just under $56, and breaking above that id target the mid-upper $65 range.
USTECH100 Nasdaq : The bigger picture disaster of tech :( 22.4 Simplicity is king.
1) Rising wedge 2019 - 2022 - Jan 2022 breakout down.
2) Nasdaq is falling from a crazy over-priced high, big potential downside.
3) Descending trend-line of lower highs since breakout confirm down-trend.
4) Current trading range of the down-trend is 14,600 - 12,800
5) Break below 12,800 - 11,900 to 10,700 will very likely follow.
6) A break above 14,600 with a weekly close will be the end of the down-trend technically.
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US100: read the descriptionFrom previous posts i expected a spike to 14500, 14400 was hit instead before pukking lower. Shorting all spikes have worked great. Still expecting the 12.000 level. I will keep shorting the spikes.
Inflation expectation (green line) is exploding and no signs of mean reverting for now. Put/call ratio on the rise which indicates a more bearish sentiment. High gas prises which will give less disposable income which means that less money are available for buying goods. this will spill over to companies in the sense of less revenue. Tech stocks highly overpriced and are mean reverting = nasdaq100 goes lower.
Also we have the War which is still ongoing and FED have yet to hike rates.
over all, i see a downward trend. This is a bear market.
summarize: shorting all spikes. First level lower is 12000. (keep in mind that spikes are fast and painfull in a bear market, in the sense that we easily can get a spike of a couple of 100 point in short time on the day)
Nasdaq index crashNasdaq continues to decline, and with breaking the 13717 level, we will see a crash for the Nasdaq index
Nasdaq following the planAs we can see, NQ was following the "plan" exceptionally nice.
To me that's a proof how the concept of Allen Andrews works. But there is much more in it than just painting nice Pitchforks.
The REAL benefit a trader can gain is the study of swings. When I started study the swings, it was a crazy new world for me.
So if you are interested real and profound technical analysis, I suggest you search on YT for my mentor which is Shane Blankenship from "Language Of Markets". He's the real wizzard who explain the charts like no one else on this earth.
Compared to Shane I'm just a talent at best. :-)
So, how will the Nasdaq proceed from here on now?
There are the following scenarios:
1) NQ will pull back to the white Centerline, zoom through it and continues to the upsdie.
2) NQ will continue it's path to the downside to the Lower Medianline Parallel.
I leave it up to you how to trade this but the best you can do is using good structure for a stop and use small stops, to make huge Risk-Rewards, like the trade from today.
Stay save.
VIX Adv formationHi traders
Vix gartley \ bat advenced formation.
If it gets to 28 - 28.6 area i will look for short.
While it climes up there the us market will go RED.
Lets watch
Drive safe
USNAS100 / NASDAQ ShortThis week I will open position at around 9210, assuming a small retrace.
Will close 1/3 of position at target A. Will then move SL down and see if we get lucky and close another 1/3 at target B. Again move SL and see if we get really lucky and close remaining 1/3 as close to target C.
Target A is the expectation
Target B is the hope
Target C is the dream
Of course this is a strong bull market and therefore a risky trade, so all the above needs tight money management. Less is more!
Possible scenario on NASDAQMost of the Tech stocks are over bought right now and based on the chart Nasdaq has bounced from the top of the channel and possible to go down.
There is also a chance that after 'US Continuing/Initial Jobless Claims' today we may see a bullish sign (due to total unemployment decline as many countries go to work) it will break the channel and go higher.
Please do your own analyzes before placing any trades.
The Nasadaq Looking very Promising for shortMonthly Chart :
The price broke down the MUT (Major Upper Trendline) what lasted for 10 YEARS :
Moreover, The Price found Resistance on that MUT, and on the old Resistance Area between 186-192.
Note the Weekly Chat :
When you move into Daily Resolution , we can see clearly how the Buyers Failed to hold the Price above the MUT , and therefore, showing weakness :
Shorts can be launched at the current trading zone. But we have to calculate the risk in relation to the coming week open
The Main Profit Taking Target is - 143
