IXIC trade ideas
888 -> 8888Is this top of the Nasdaq, end of the bull cycle?
See the similarities with previous cycle: same 609 days, 418 bars to 422.
The beginning of this cycle was at 10,088.83, last close is at 17,688.88. The digit sum of both numbers is one.
Maybe we can expect some days at the top, some chance for NVIDIA to be largest company in the world by market capitalization.
#NASDAQ vs #DJIA has only been lower on the RSI 3 times! I wager #TECH is still the place to earn better gains going forward.
It also doesn't carry the risk of #Financials
and it is not dragged down by slow growth "stable" companies like utilities.
Bleeding edge has always been the place to grow your money
and with #AI manifesting itself for the next wave of user growth along with #CRYPTO
you need exsposure to network effects investments.
IXIC Bullish Pre-ElectionThe index has been forming what appears to be a Head & Shoulders pattern for time now.
The confirmation appears to have been confirmed recently.
NFA DYOR
Am expecting an ATH around the $20k zone; let's see if it can get there.
IXIC - Continuation in the long runSuggesting a big pullback and recovery within this channel up. Also providing a triple bottom for the structure
Bullish long long term, this is the Monthly Chart
Sine Curves and NasdaqSharing a quick chart art analysis of sine curves over the Nasdaq.
If this kind of pattern continues, we should see the start of a sideways move over to the second half of the sine curve after which, the move to the top continues. If the pattern holds true, we can expect a retracement in the 40% to 30% range sometime in an 18 month timeline.
Short and BTFD on the transition across during the Summer
Long in the Autumn for the final leg up
Note that the first two sine curves complete on a 2 year schedule and are part of a similar inflation regime. This current sine curve looks set to extend to 4 years with significant inflationary attributes.
I think this is interesting because it is not a click bate doom scenario nor is it a full guns blazing BTFD scenario.
Anyhoo... it's chart art. Take it for what it is.
NASDAQ COMPOSITE LONG...JKThis POS will fall or its going to continue straight upward there's no sideways in between
Trading View Market TrendCurrent Market NASDAQ:IXIC Nasdaq Composite Remains in Buy Trend as indicated by Technical rating on monthly, weekly, daily and hourly.
NASDAQ broke supportNASDAQ broke a long term ascending support channel yesterday and its not looking good
The next level of support is 15800 to 15900 levels
There can be a bounce back from that level since overall there are bullish sentiments but breaking down 15800 means we might be looking at 15000 level
IXIC/USM2 update Dot Com bubble vs AI bubble??late 90s early 2000 dot com bubble which i was in high school for and this current blowoff area that looks like it may just have started. Any company mentioning AI in earnings goes up...example: Dell and of course the other obvious ones, NVDA etc
Bearish RSI divergence on NasdaqHello everyone,
I just found a bearish RSI divergence on weekly chart of Nasdaq. RSI (14) on February 5 was at 73.05 and 72.91 on February 26. Close was 15990.66, now is 16274.94.
In addition there was a bull cycle of 18 bars on weekly chart from March 13 2023 with price increase of 31.54 %, current cycle from October 23 ended with 29.96 %.
And there is a high probability of a drop after reaching the ATH. See June 18 2015, just 4 days after a drop occured with a low on July 7, then another ATH was on July 15 August at 5231.94, this is just 1.01937 % above ATH from 10 March 2000 at 5132.52. Then signiffant drop occured with a low on August 24 at 4292.14, this is 82,03 % of ATH.
IXIC wave analysis- We can see as follows that the IXIC has been following a comprehensive Elliot Wave movement respecting the weekly high and low Fibonacci levels
- We could see a move down towards $14 723 at the end of Q1 leading into Q2
- evidence to support this is the RSI movement
> Trading around overbought levels
> We can also spot an RSI bearish divergence on the daily, this is where the price increases as the RSI decreases, strength is decreasing as the price moves up causes it to loose steam for the upwards momentum
- A clear break and hold of the 0 Fib level will invalidate this movement
Have a great day,
Cheers
US 100 indexUS 100 index :
i think this the sign for starting the retrace the uptrend line.
it goes down to the resistance level.
We could have entered a multiyear bullrunWhile all news are full of devastation and fear of ww3, we could be in the first month of a multiyear bullrun
Possible Significant RecoveyThis scenario is VERY tricky, let me explain why it could go either way, drastically. I'll separate the bull/bear ideas. The nasdaq looks like it could bounce off the BB bottom for a decent recovery, but, it's to see what happens tomorrow.
Reasons for Bull Rally
This month inflation report is cooler.
With a lower CPI, markets will anticipate a 50 basis point or 25 basis point hike, meaning a more dovish stance from the Fed.
Reasons for Selling
This month inflation report is still high or hotter than expected.
With a higher CPI, markets will anticipate a 75 basis point or higher hike, meaning a more hawkish stance from the Fed.
July 29th Q2 GDP comes in negative, officially putting the US in recession.
The negativity possibility is significant. July economic data can break markets like not seen before. This is one to watch. I understand this is the 1M chart, so any move upward will be quick. I don't see markets rising for a few months, but, who knows.
NASDAQ CorrectionNASDAQ strong bearish divergence formed
The correction will look like around 500 to 600 points
The next strong support 15500 . It will be a great entry point for buyers
Other analysts are also suggesting a greater correction till 14500 points but I think in an election year this is not going to be that huge correction but no one knows and who actually knows ?
NASDAQ important levelsNASDAQ important levels identified and a projection of movements also can be seen
ABCD harmonic pattern identified which can indicate a bearish pattern
so there are two strong cases of BEAR
Volume divergence
ABCD harmonic pattern
A correction is expected now and can be one of the levels identified as support
⛳️ POLE TRAGET FOR THE NASDAQMarket Phases and Historical Comparisons:
The chart outlines two main type of moves, labeled "Dips" and "Legs" suggesting a comparison between a past post bear market period and the current market situation.
There are colored boxes representing different market movements: declines (in red) and upward movements (in green), referred to as "Legs" and "Dips."
Historical Bear Market Decline Data:
The table is shows historical bear market declines from 1901 to the present, indicating the index (Dow or Nasdaq), the percentage of the decline, and corresponding recovery phases.
The average decline is noted as 38% for the Nasdaq during bear markets.
The average 1st Leg is 63% (current 43%)
The agerage 1st Dip is -15% (current -13%)
👉 Next potential target for Leg 2 is 29% or 16212, about the old ATH
👉 Rebounding dip afterward is expected to be around -17%
These are just historical precedents and guardrails to help us navigage the marekts.
IXIC - Higher High Double Top Contained within this upward channel a double top could form at the top of this channel, however with it being a higher high we can assume further bullish movement after the double top proceeds.
A higher high suggests there is more steam left in the run. Which evidently there is a lot of steam for the NASDAQ.
Nasdaq years long correctionNasdaq is going to have years long correction. What causes it drops, wars.
Nasdaq Ending Diagonalending diagonal marks the end of the cycle
expect overthrow to occur by March 2024 with subsequent continuation of the bear market
Bottom somewhere in Oct 2025
NASDAQ retest 14500 Nasdaq has broken all the shackles and ready to launch
it will retest the strong level of 14500 which should now become the support . After once or twice retests it shall break 14800 resistance level and go to 15500
easing ahead! nasd composite vs money supply…repeat/rhyme??wondered what the narrative would be for a blowoff top…thought maybe AI, but maybe AI along with easing??
