beautiful , classic pattern of #Nasdaq composite the pattern is a classic W with a flag shape handle ,I expect a route, like I have placed in my chart.
IXIC trade ideas
IXIC (Nasdaq) For my followers who are unfamiliar with the Indexes , The IXIC is the entire nasdaq where as the QQQ (NDQ) only represents the top 100 tech; This distinction is important in what I'm about to explain.
Since Feb the IXIC has not been able to get over 12,280 while the QQQ has made a higher high since Feb; This is because only 5 tech names have been moving higher.
Just like the QQQ , IXIC is also trading inside a rising wedge
I think Monday we begin to pullback and eventually close close Fridays gap by CPI Wed.
From there we will see if the correction begins for tech or the start of a broader rally in tech..
Breakdown scenario
Breakout scenario
NASDAQAgain it is trying pull back, i thought today it will break this resistance level.these are major resistance and support
"New bull market!" "Return to normal!" Bubble bust denial lolzFED "pivot" hopes won't die.
Bank collapses are "good for the stock market".
AI mania has the meme market looking alive again. NVDA, a company in which both revenue and earnings have dropped significantly over the past 3 quarters, is trading at 150+ P/E and 25xSales with a $666Billion market cap!
We're "back to normal" folks! /s
I LOVE how this classic Market Psychology chart lines up so well with the current NASDAQ monthly chart!
IXIC/USM2 this bubble compared to dot com...blowoff?Maybe blowoff top coming with global liquidity about to explode with reserve currency wars? i'm long in growth positions with fingers crossed!
NASDAQ FAILED TO SURPASS THE HORIZANTAL RESISTANCEBearish div in mom indicators, slide below the trend followers... sold my longs
IXIC - Double TopAn idea for IXIC showing a strong trend line in white that should be respected.
This works well with a double top, a bearish pattern.
A channel can also be drawn encompassing the double top.
I have posted key price points with the labels.
2023 Crisis In my own eyes
THIS IS JUST A THOUGHT OF SOMEONE WHO LOOKS AT THE MARKET FROM A BEAR POINT OF VIEW- NO ADVISE
Publishing here the history of economics effect on stock market
I took the last couple of crisis (bubble at 2000 and the real estate crisis on 2008) and added the bellow charts
- Inflation
- Interest
- Unemployment
Once thing is clear- each time inflation went up- The fed increased the intersect rate and unemployment went down to the lowest points of the decade or more
- When unemployment reached the bottom, we were getting towards the top of the market (on 2008) or in the middle of the fall down (2001)
- UNEMPLOYMENT RATE NEVER REACHED THE BOTTOM WHEN THE CRISIS WAS OVER OR DURRNING THE UPTREND ON THE ABOVE CRISIS
-When Inflation rates got to the pick level - the market was either still climing or in the begining of the fall
- INFLATION RATES NEVER PICKED OR STAYED HIGH FOR A LONG TIME WHILE THE MARKET BOTTOMED
- THE PRIOD OF AT LEAAST 7 MONTHS WE HAD THE HIGH INTRESET RATE AT THEIR PICK
- AND IT HAPPENED WHILE THE MARKETS WERE CRASHING
THE SIGANL FOR THE BOTTOM USUALLY CAME WHEN THE INFALTION CAME TO IT'S LOWEST POINT
- DRAMATIC MOVES OF THE INFLATION GOING DOWN - WERE IN THE MIDDLE OF THE CRASH AND TOWARDS THE END WHEN WE HIT THE BOTTOM
- Were are we now 4-2023???
In My Opinion:
- We are in the beginning of the big crash, we are going to sink hard to new low level, we will visit the highest levels of the market before the CORONA (February 2020)
- I really think we will have a hard recession which will take 5-7 years or more to get back to the tops of the ETFs (QQQ/ SPY etc...)
We are being fouled at the moment the the bottom already happened, as nothing is shiny in the near/ far furture
- AAPL IS ONLY 9% FROM IT'S ATH (MAKE SENCE??) not to me
- VIX IN ITS LOWEST FOR THE PAST 1+ YEAR (USUALLY THE MARKET WILL PUT ALL TO SLEEP BEFORE THEY DROP THE KNIFES)
- LAYOFF SEASON HAS BEGAN AT THE BIG COMANIES
- FED DECLEARED A SOFT RECESSION (WHEN THEY SAY SOFT IT'S THE SAME AS WHEN THEY SAID TRANSITORY INFLATION - PLEASE REMEMBER !!!
- INTRESET RATE?? NEXT 0.25 IS COMING IN 2 WEEKS
- WHAT IS THE CATALIST FOR THE MARKET TO GO HIGH??
NOTHING (In My Opinion)
THIS IS JUST A THOUGHT OF SOMEONE WHO LOOKS AT THE MARKET FROM A BEAR POINT OF VIEW- NO ADVISE
Follow Through Day's and Market BottomsIt’s said that three out of every four stocks will follow the trend of the general market. It’s also known that the best opportunities come when a bear market ends, and a fresh new uptrend begins. The question is, how do you know when a new uptrend starts?
The Follow Through Day
A Follow Through Day was defined by William O’Neil as “when one of the major market averages moves up over 1.25% on heavier volume than the previous day.” A Follow Through Day usually occurs sometime between days 4 and 12 of an attempted rally.
When to Start Counting Rally Days
While the market is in a down trend, you are waiting for the first day the market closes positive to start counting your attempted rally days. The first positive day is day 1 of the rally attempt. On day 4 or later you are looking for the Follow Through Day to occur.
How Does a Follow Through Day Fail
Not every follow through day works, but no bull market has started without one. All days of the rally do not need to be up, some may be down, however a follow through day officially fails when the low of day 1 of the rally attempt is undercut. When this happens, it is time to start looking for a new day 1 and another follow through day.
It is not uncommon to have multiple attempted rallies and failed follow through days before the market begins a new uptrend. Let’s look at a few market bottoms from the past reviewing the concepts covered.
Nasdaq 1998 Bottom
SPX 1974 Bottom
NASDAQ NEXT TARGET 16000 AROUND DECNASDAQ ON A MOVE .
GET READY FOR BIGGER MOVE IN LARGE CAP STOCKS .
DEC TARGET 16000 APRROX.
different and new stocks starts to move in new bull market
IXIC - Realistic Target The strong trendline in white shows that IXIC is looking for another touch.
I see 10k as a strong psychological support and the spot for price to be tested.
Drawn a little dotted trend line to show downward movement.
To 10K !
MAIN CRYPTO INDICATORhi 🖖🏼
there is no reason to say yea i'm bullish AF ON BTC....but yes BTC can move sideways inside a box (1M 15k-28k)
for now BTC touched wyckoff target (check last BTC update-28100 USDT) and it's possible to see correction till 25100 USDT
but what can ruin normal moves on BTC?....breaking a specific level on ICXC (nasdaq) chart....like 61.8 fibo or MA200, MA100, PRZ.....
we must always take a look on ICXC and then check BTC to take a position
this chart isn't a trade for me i just use it as a good indicator
i'll share some BTC pairs (alts) in coming days
DYOR 🥂
HAPPY NOWROOZ EVERYONE 🤩💚🖖🏼
be omide azadi...🕊
Financial Crisis 2023 Firstly,
September 2007 - Lehman Brothers collapse
March 2023 - Silicon Valley Bank collapse
Asset correlations (bottom pane):
Gold ( red ) - on a slow rise in 2007, same as today
Dollar strength ( blue ) - bearish in 2007, same as today
Nasdaq (orange) - bearish in 2007, same as today
Indicators' inference :
The top pane shows a logarithmic version of an indicator called MACD leader (zero lag). 2006 - 2007 and 2022 - 2023 have so far been the only years which produce inconclusive monthly signals since 1988.
The middle pane's aim is to signal simultaneous movements of securities and spread graph equations. Each line represents the correlation coefficient between the main chart and a financial instrument. Spread graphs attempt to illustrate peaks in inflows/outflows from equities --> safe heavens through correlation.
Similar to spread graph equations, the idea of accounting for the movement of capital to different assets was applied to make the main chart:
TVC:IXIC*10000000*((TVC:US30Y-TVC:US10Y+TVC:US10Y-TVC:US02Y+5)*TVC:GOLD)^-1
Finally,
Current Retest(D):
Same chart - Longer Period (3M):
Feel free to drop a question. Thanks for your time!
My prediction for Nasdaq IXICI believe it will play out like this timing may be off a bit but I believe these targets are the likely scenario as we are in a super wave 4 down that needs to correct the super wave 3 which was created decades long highs
NASDAQ DowntrendTrend: Bearish
Trend line: 2 Lower highs have touched the trend line
Bearish candles: Sellers can be seen as there are more red candles then green
Short on strength or short if it continues to go down from any point (11530)
Stop loss: Last lower high: 11830
EP: 11530
TP1: 11230
TP2: 10930
Nasdaq for history loversIf history repeats itself...
1. Upcoming +50% 3month rally more or less
2. Recession is officially here and -20% from previous lows
3. Rally again hard to >+100%
4. Double bottom
5. New bull market begins
Look First / Then Leap
Nasdaq is on the moveUS composite index shows that short term strong economy and inflation would moist the market.
It means short term buying opportunity is ahead right now.
Tech stocks rally may start soon.
My target is 12900and let's forget about the FED for now.
sometimes brave investment gives us a good profit.
IXIC is going to the target with slow up TREND as you can see from the time we said about US100-US30 ging to the target mentioned in the previous chart this will follow the same pattern head and shoulder full fill all the ( broke the neckline - high volume- )
but without acceleration in uptrend moves (it's a tricky way to make the traders stop entering the market 😉)
it is just the opinion of the writer
IXIC is expected to rebound soon
After three weeks of volatile retracement, IXIC has successively fallen below MA250, MA30, MA20, as well as MA10 and MA5, and is currently near MA60. From a chart perspective, it currently has a top M-shape, which is often accompanied by a downtrend. However, considering that MA60 has certain support, the index is currently close to the half-year line (around 11,000 points). I expect it to rebound with support at this level and test the weekly MA60 level (around 12,088 points) again. After breaking through this level, it could reach around 13,100 points, with support at around 12,100 points on a pullback.
As a seasoned investor with 10 years of experience, I have accumulated a wealth of practical knowledge. Here, I will share these high-quality methods and strategies with you. Trust me and follow my lead, and not only will you gain more insights into investment, but you will also improve your ability to analyze independently!
NASDAQ Bearish Time WindowPrice likes to move in AB=CD price structures where there is a time and price element in the pattern. The AB is equal to CD on a time and price basis the CD leg being a 100 level expansion of the AB leg. This particular price structure here on the NASDAQ has two possible AB=CD patterns in play. The blue ab=cd is what I call a hidden time window because it is much harder to see. The black AB=CD is the traditional time window and it is usually much easier to find. The bearish harmonic pattern that I have highlighted is what gives the AB=CD patterns their price structures. The BC legs are found by using the A and D swings on the harmonic pattern. Once you are able to spot a likely AB leg you can use it to anticipate price and time which is how I have defined the downside target area.
IXIC (NASDAQ)- BULLISH until July 2023. IXIC (NASDAQ)- I predict NASDAQ will continue to be bullish until mid-July 2023. A correction build up with be sustain for around least 3 month before it starts climbing up late September and reach the highest target this year.
