NAS100 does anyone else sees it?? Some calls it the death star... Its showing serious resistance, albeit can move or overrun slightly but then gets retracted at a faster pace, some then would call it volitility but its obviously a resistance level.
Its formed already on the aussie and nasdaq on the daily.. On the dax its formed a double top.
So to me this up move all looks too fishy, looks more like a completion of a wave B structure, with a wave C coming taking out all the bulls and surprising the market as a whole.
NAS100 tonight marks a bit of a crazy end of 24hrs for me personally, I have closed all my long positions and I have managed to recover all my tariff loses since it all fell apart late Feb. I do want to take a moment to thank this wonderful community of great people who share there ideas and analysis but always never forgot you are responsible for your own trading style and decisions, no one else. I have been trading since about 2021 and I have learnt so much in these past months than I had in the previous years. My key learnings are - risk management is key to your long term success - ‘try’ to remove emotional trading from your trading - develop a trading style that works for you…the market is abundant with opportunities…be patient don’t react or predict - failure is ok if you learn from how to avoid it in the future - don’t blindly chase the market, remember we don’t move the market we just ride the wave in the direction it chooses - trading markets is not a quick path to wealth and riches
I will be transparent to u, I had built a 54k USD balance pre tariffs on feb 28th the lowest point I got to was about 9k.
Today I achieved parity back to 54k USD
IT CAN BE DONE WITH PATIENCE, MANAGING RISK and maybe a little bit of LUCK OF THE IRISH☘️
Stay safe, stay liquid and don’t over play your hand each time 🙏
NAS100 Since tomorrow is one week to the 16 May opex I want to remind all of about the DominaJ rule (that also confirms his(?) last post suggesting a short). The rule says to look at the last opex close , in this case on 21/4 and it was 17782 and if one week before the next Opex the price is higher sell the market maker will start unloading their position. In one of my previous post there is a chart that confirms the theory in practice . The bearish flag is also confirmed in the daily by the F&P Trendscope indicators and you can see the OB still hovering from he 26/3 sell off. For those interested here is the link to the option exp calendar :optionseducation.org/getattachment/3316b3e6-3da8-45e0-b858-5dc0bc9a2c5b/2025-Expiration-Calendar-12-21.pdf?lang=en-US&ext=.pdf
NAS100USD For me this is an A++ sell setup entry (it's one of those large swing trades I take once a month). Entry 20,250, tp near 18,250. It should start a progressively downward momentum in the next days and a potential fake breakout wouldn't surprise me.
NAS100 does anyone else sees it?? Some calls it the death star... Its showing serious resistance, albeit can move or overrun slightly but then gets retracted at a faster pace, some then would call it volitility but its obviously a resistance level.
