NDX v SPX. Nerd America comes closer to the Nerd sunsetThe main graph represents NDX v SPX ratio.
Like 25 years ago, new super duper brave generation of Nerd America comes closer to the next one Nerd sunset.
Usastockmarket
Tesla is back in action, chart suggest a potential upside move(1) The price took a significant nosedive, with a correction of nearly 75%.
(2) After a period of consolidation, the price has successfully broken through its trendline resistance and is now on an upward trajectory.
(3) Sitting at a 68% decrease from its peak, this could potentially be a promising opportunity for long-term investors.
Guidewire is on a bullrun, the price may increase further(1) The price was repeatedly rejected near the 130 level before experiencing a significant drop.
(2) After a substantial correction, the price found support around the 52 level and surged upwards with great momentum.
(3) Ultimately, the price successfully broke through its previous resistance on high volume and is now holding above the breakout level.
Dow Jones Industrial Averages Weekly Technical Analysis(1) We have witnessed a sharp fall from 29,500 level in Feb’20. This was almost 38% fall from the top. Market had gone in a oversold zone.
(2) Around 18,300 level, price found a support and bounced back from this level.
(3) With an upside rally, price managed to breakout its previous resistance.
(4) After the breakout, we have seen a sharp upside rally further and the price reached at 36,950 level.
(5) A corrective decline has been seen from there and the price started making lower highs and lower lows at reached to 28,800 level.
(6) Price again bounced back from there and gave a upside move.
(7) In this entire consolidation phase, a Cup & Handle chart pattern has been formed, which gave us positive indication.
(8) With a strong breakout of the Cup & Handle pattern, price started its journey upside.
(9) Currently the price is standing near its All Time High. More upside move is expected from here.
Technical Analysis of Nasdaq 100 Index in 1 Hour Time Frame(1) In hourly time frame, we can observe that the price was moving through a parallel channel in upward direction.
(2) From upside, 18,400 level is performing as a strong resistance and the price couldn’t sustain above this level.
(3) 17,800 level is an immediate support for the price as the price has taken support in here for multiple times.
(4) Recently with a gap down, price is currently trading below its trend line support level.
(5) There is a possible chance that the price again can come to its support zone and bounce back from here.
MDB: on the way to next resistance zone at: 550-640MDB price follows an impulsive structure from its Nov22 lows nicely.
Until price holds its Oct's lows, my main interpretation of the price structure suggests move to next macro-resistance zone: 550-640 in 2024.
Suggested price structure needs to be revised if price breaks down bellow 288 and above 640.
Get Ready for the partyUSA market was under pressure due to so many reasons as we know but technically now the chart is looking bullish to me. Once we see a closing above 34440 its very likely it will retest the strong resistance area that is at 34900 zone.
34000 was resistance we saw rejections on 17th october 2023, now with this current really we can finally see a break through and is has retested the zone successfully. I think we are going north from here fasten your seat belts for this journey.
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