S&P 500: Long Term TrendThe Long-Term Trend which started since 2009 may finish near the end of 2024. Next Big Financial Crisis may be unfolding in the year 2025.
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NDX 100 WARNING: ABC wave C may reach 10500 or even 9500Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling.
NDX Nasdaq 100 has been making a downchannel since it turned down after completing wave B @15265. The most probable support is at 10500, which is a 36% crash from ATH. 10500 (double my yellow box) is also a confluence of the 0.618 retracement from pandemic low to ATH & the weekly wma200 level. If 10500 fails then the pre-pandemic top @9500 will be the maximum pain, which is a 42% drop from ATH of 16764.
After ABC ends, the target levels for take profit will be 12k & 13k respectively indicated by blue arrows.
Not trading advice
DAX 40: Bearish Pin Bar| 20-2-2022DAX 40: Bearish Pin Bar Signal
Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 15355 – 15486 short-term resistance area, late last week.
Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, early last week, but didn’t follow through (We did not consider trading this signal as this market is forming lower lows within the short-term Bearish trend and the market is at risk of breaking below the 14830 – 14913 key support area).
Potential Trade Idea: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal, with wide risk management well above the high of Tailed Bar Signal.
NASDAQ RALLY CONTINUESTechnical indicators suggest that the bullish rally of NASDAQ continues. The price is a clear uptrend, it is above both 9 day and 20 day moving average, and 9 day is above 20 day. Upper and Lower Bands of Bollinger bands are expanding, which suggests increasing volatility.
The price tried 3 times to brake the resistance at $13 870 dollars with no success, if the rally continues, it will probably attack the previous high $15 380, and if this attack is successful the price will try to reach it's biggest high from past two weeks: $15 977
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