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Ustech100

NASDAQ: Watch out for a correctionNASDAQ is in the final stages of the third Elliott wave which started at 6460 (dark blue). It appears to have already completed four minor waves (green) and is currently in its fifth leg. Further, if you drill down, you would notice that the fifth green wave has also completed four minute waves (pink) and the fifth pink wave has completed three sub-minute waves (turquoise). I have also shown them below for clarity. A significant correction is expected to start after the completion of the third dark blue wave (around 7350) which could follow an ABC pattern as shown in the red wave and take NASDAQ down to 6900 level. The fifth dark blue wave will start after this correction which could take NASDAQ up to around 7500. Note: It is just for my own future reference and is not a trading advice.
CME_MINI:NQ1!Short
by ndau
2
FB disaster waiting to happenFB disaster waiting to happen! As Snap and Twitter rise, User hours drop on FB, Russian Scandal, News of CEO planning to sell $billions in stock and technical picture looking shaky under this week low of 178 where 100dma support and rising trend line is lost. RSI divergence is noticeable too. In the past a correction of anywhere between 15-25% have happened.. Given the massive breakdown in markets I would think a 25% drop from top is high probability. Initial support though comes in at 200dma. Targeting 155 (24% fib of total run from $18
NASDAQ:METAShort
by Sachinsyd
Inside bar without any resistanceAs we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports, USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I will hold so. //Jim Cramer is one of CNBC’s top stocks analysts and a former hedge fund manager. In an edition of Mad Money, Cramer explained that he is often inclined to buy stocks that have reached fresh all-time highs, providing they have been rising consistently, and have pulled back since reaching their latest high point: "When I'm ready to establish a position, I wait for a pullback to come that's at least 5 percent down," Cramer said. //
TVC:NDQLong
by bearvsbullmarket
1