NASDAQ move up to test 14000 or backdown to retest recent low?Here are my core trading channels and trend lines for the NASDAQ. NDQ is currently holding just under the midline of the down channel. You can see that we had a bounce off the support of the black channel and midline of the purple channel. NDQ is still looking pretty oversold, but at a clear decision point. IMO, a retest of the recent low for support is most probable and then a test of the resistance of both the red down channel and the purple channel around 14000. We could bounce right from here to that level as the other option. A new low is always an option if we get a retest and it fails, but it is not clear that the market is ready to fall that far yet after such a big sell off the last several months.
1D
Technology
Tech selling today?NASDAQ
Intraday - We look to Sell at 12850 (stop at 13035)
Buying pressure from 12410 resulted in prices rejecting the dip. The current move higher is expected to continue. The bias is still for lower levels and we look for any gains to be limited. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Our profit targets will be 12325 and 11490
Resistance: 12935 / 13380 / 13830
Support: 12380 / 11490 / 10675
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ really fizzles?Two weeks ago, the NASDAQ jumped after bouncing off a support level and tested the 13K resistance... which appeared to have failed, given the Dark Cloud Cover candlestick ending to the week. The daily technicals do not yet tell of a down slope slip, but it should be following through. And if it does, then we have this Down Friday Down Monday thingy... means more downside to come.
The Weekly chart ended with a a candlestick that seem to stall the previous bullish candle. The weekly technicals are slightly bullish divergent.
Taken together, appears that we can expect some downside risk to the last low, probably see a higher low within the week, if at all.
The range is going to be a little wider than usual, until this consolidates out nicely and a new trend starts. So, let's see.
retraced weekly to .618theres an unfinished bounce going on in semiconductor stocks short squeeze could start over the 189 area and wind up touching 224
weekly picture still hasnt changed to bull, but its possible we hold these lows and see retracement backtest if we hold 152.84
impulse wave up seems like it led to correction wave and that is just about complete
ENDP - Potential Long SetupWe are tracking the close today for ENDP. If this stock has a strong close today with a daily RSI breakout, we may see a good 30-40% Retracement.
Few items we are tracking:
Daily RSI breakout at close
GAP to be filled withing next few weeks, or sooner. (Price targets included
30% - 40% Retracement
Let us know what you thing. Good luck all.
CNI REVERSE INBOUND! CNI wil reverse soon, and put a end on this tremendous bearmarket. Minimum target 1.0! Get ready!
Feeling Bearish on NASDAQGood Day to The Investing World
Despite the research and judgment being quite close and difficult, I am feeling bearish on NASDAQ for the next half-year. The main reason supporting this is the US Economy, which is not in a good position at this time and date. Another reason for this is because of the trend, which is just about identified as a downtrend, despite the Bull Bear Power graph showing us an uptrend. NASDAQ wont fall forever, and it may recover its value after the next few months this year. But see the graph for yourself, incase you might think differently.
QQQ Bear FlagIn a normal less volatile market (ie; a full on bull market) double bottoms are a nice spot to re enter or scale bigger long.
In this market after yesterday's big down day (flag pole) and today's sideways chop with real indecision you lean into the larger pattern on cash only session charts (bear flag).
Fully expecting SQQQ to attempt to hit the last remaining VWAP (century @ $80) and TQQQ to possibly go much much lower. Without a freak bounce tomorrow consider not longing the Q's for some time it may be even more painful after bulls officially give up this area. Be careful folks. For reference $TQQQ's last century vwap is I believe all the way down at $14-$15...crazy right? Maybe not and time will tell.
long term logarithmic growth fan pattern horizontal supportthe gann fan and log view with broadening wedge indicates stock is trending toward long term support. if we cant close over the 4/1 monthly its probably headed for that lower trendline. were at horizontal support so a bounce starting here would probably head for the 2424 area. closing above the mid 2400s and we could head for 2988 where TRAMA is currently hanging out. if 2050 breaks it could go as low as 1785 but its much more likely we see a monthly bounce soon.
NASDAQ is not yet done with downward momentumThe dead cat bounce only lasted a couple of days, and it gave way soon and very quickly yesterday (pre-market). This breakdown was with decent downside momentum, and was also off the 50% Fibonacci retracement level, as observed in the 4H intraday chart above.
By projecting forward using simple geometric extensions combined with Fibs, 10,800 is the next downside target (yellow arrows), which could happen swiftly or drag another week. Honestly, do not know which is worse.
In another view, we see a range from 12565 to 11700, which the latter would attempt to provide some support (aqua arrows). Breaking down and out of this range, similarly points to circa 10,800, but in a more swift take down.
Daily technicals employed here support the downside momentum and targets.
So, look for support early-mid next week, if we get a new intraday low, yeah?
NVIDIA: Fangs still down!!NVIDIA
Short Term - We look to Sell at 179.80 (stop at 197.51)
The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected.
Our profit targets will be 141.02 and 130.00
Resistance: 180.00 / 190.00 / 200.00
Support: 170.00 / 160.00 / 150.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ in technical rebound - a bull trap?The NASDAQ (and other equities indexes) closed the week on a strong rebound, having reached a lower support (11700). The resulting weekly candlestick is one with a long lower tail, suggesting a possible test to regain the 13K level.
The daily chart closed the highest for the week, and similarly projects a somewhat cautious bullish outlook for the incoming week. I would be wary for sudden turnarounds, especially near the resistance levels, or when prices are near the declining 55EMA.
The weekly technicals are still intact for the downside target of 11K.
Be wary!
akam vol increase in demand!long term buyers love this area where they keep to DCA (dollar cost average) as we can see this huge influx in vol i will look to long to take it back to top of range with profit taking levels at 104 and 113.99
oversold semiconductors (SOXL)if critical support provides meaningful buy volume and we close the week near the highs then semiconductors, and the broader market could exhibit a bounce here towards lower 36s. if we see another wave of selling down at these levels were probably blowing through that support on the weekly trending toward upper 16s taking the market with it as semiconductors are a lead bear. keep TRAMA from sinking and come out of oversold STOCH and we could diverge bullishly. if things head for continuation it is likely more bearish.
Global Market FLUSH OUT is nearly over (for now)Get ready for support to be found over the next week or two as the fear of risks seems to be subsiding.
Yes, the Fed is threatening more rate hikes, but the markets have already revalued substantially over the past few weeks given the broad global market collapse and the -25% collapse in the NASDAQ.
Traders need to start thinking about "what comes next"? My research suggests the next move will be a move higher - not LOWER. This recent correction in the markets reflects a broad delivering event across the globe. The excesses of the past 5+ years culminated in a peak in 2021. Most of 2021 was spent moving away from risks related to the excesses/speculative phase.
Far too many people are seeing this as a bubble-burst (which it may still turn into if the Fed/Global Central Banks make the wrong moves) - but ultimately, the printing of capital may "grease the wheels" of the global economy in such a way that GROWTH becomes the next factor over the next 10+ years.
Yes, asset prices, like homes, gas, cars, and others, may subside a bit (very similar to 1984 to 1994), but this reversion of asset prices (moving away from excesses) may be a very healthy process for the markets.
Get ready. I think we are going to see the start of an intermediate base/bottom starting to setup soon.
TSLA showing weaknessTesla is under major dynamic and horizontal resistances which lead us to believe that more downside is coming. Be cautious! - HH
Microsoft looks like good shortMicrosoft is under a lot of pressure right now and it looks like the bears are more likely to take control. Next possible downside could be 10% down from here. Buckle up! - HH
NASDAQ gave way into MayAnother down week in the NASDAQ, as expected. PReviousl expectations were generall in line, although how things panned out were more volatile... bearish for NASDAQ IMHO.
The weekly chart looks even worse now than previously, and it is not about breaking below 13K conclusively. It did a swooping technical rebound, only to be a dead cat bounce, where the next session wiped out the week's worth of effort to recover 13K. This resulted in a long upper tailed candle; in both charts showing the bearish momentum and that it is more likely to continue.
The 12600 light support held up for now, and given the candlestick patterns and technicals, further downside should be expected, albeit volatile attempts to test 13K.
Previously marked out 11700 for next support once 12600 gives way; downside target now projected (by Fibonacci projections) at 11,100, about early to mid-June 2022.
It is very possible to see a quick dip in the coming week to 11,700, then a sizeable rebound, only to push down yet again.
Let's see... tread carefully.
Bearish is as it bearish does.
aapl weekly chart bounce or break?aapl at inflection point of support/resistance on the chart after creating a weekly higher low will it confirm old resistance as support and bounce or breakdown and make new lows so i am looking for it to hold the 50 ema on the weekly for any possibility for upside if we break that and are trendline support drawn on the chart i will have downside pts at 145 and 138 max pain at 116 (if this abc elliott wave pattern plays out we can see a 1,2,3,4,5 down to are pts) this is a heavy weight stock in spy so check out my analysis on that for context
NASDAQ Broken below 13KBAD NEWS here... for many, not all.
The NASDAQ followed through with the heavy downside momentum, and broke below 13,000! Worse, it closed the week below the 13,000 (and the 12,900 intraday buffer set out earlier).
The weekly chart show nice long candles that end the weeks very close to the low or at the low, showing the continued downside momentum that is not at all easing. MACD suggest more downside in the weeks to come, although the RPM is suggesting some mitigation in the downslide.
12600 is a light support, and 11730 is the next major support (50% Fib).
The daily chart is bearish clearly. Having to reclaim above 13K would also mean a gap closure above 13180.
While the daily candlestick is suggesting downside momentum, the MACD and RPM are indicating some mitigation on the downside, at least for some reprieve.
Overall, May does not look good for the NASDAQ NQ1!
More down drafts expected.
12,600 expected to hold briefly, if at all.
Next major support 11,730.
EMA Ribbon Theory Testing #BitcoinEverytime the 20EMA crossover the 55EMA it
moves parabolic to the upside then retests support.
The 20EMA is about cross over the 55EMA again.
Privacy vs. Transparency ARK CTRU vs Zcash“Surveillance capitalism unilaterally claims human experience as free raw material for translation into behavioral data.”
In an era where Cathie Wood launched a fund about business and financial surveillance
the counter narrative will be in support of freedom and privacy.
Zcash vs. ARK which will win?
NVIDIA (NVDA): Expressing the Crossroads We Are At As you can see this Pitchfork shows just how strong of a Bullish Trend the Technology Sector has been in for the last 20 years.
Price finally reached a point of Peak.
Now, this doesn't mean the top is in but rather shows just where we are in the cycle.
Price isn't at life-changing levels anymore , at least based on the previous 20-year trend .
In fact, the Price is still a great deal away from the 200MA .
Hedge Funds and high-level investors are well aware of these levels.
As we head into a slowly economy filled with many unprecedented macro challenges, growth will be limited .
That's not to say there won't be light at the end of the tunnel, there certainly will be.
The question is...
Are we already on the other side or are we just beginning?
