NDAQ trade ideas
NASDAQ going FULL BTC Bear Marketthere's a saying that goes :
Easiest way to trap a bull is to put
hay on the top. coz all they know is climbing up
going down can be a challenge they might as well jump off
the cliff and die
Nasdaq looks like the top if you ask me
2019 will be opening with a slide
#bullishOnChaos
NDAQ - going down...Japan is on a reverse H&S with a confirmed jump shoulder - strong reversal signal, without a bull being confirmed yet (good chances though)
China returns after testing one last bastion SHCOMP 2467 and if not confirming a bull trend fast enough - we may read about them just in papers for century 22 - very weak chart on Monthly
SPX - looks like the heads comes off - with chances to recover... still.
If this is so - we may see another few decades of Japan dominating the world next to USA. History does repeat itself... or maybe it's me...
Keep your head in the game and never go full retard. Always keep learning and reading.
Nasdaq possibly will switch back to bull market in Aug 2019 As we can see once again with the Nasdaq there is that very clear M pattern before the 2008 market crash which looking back now could have been a very clear indication towards the 2008 crash. (Lookin at the monthly candlestick chart fully zoomed out). last year 2018 we saw the downward trend for the first half of the M once again play in motion.
This to me indicates yet again as I've said before that we aren't going to go through any sort of recession until about 2023-2025.
NASDAQ sitting on the 100 weekly MA. Bearish sentiment remains.The NASDAQ is currently sitting on the 100 weekly moving average and on a previous support zone, but I suspect it will be broken and we will come down to test the 200 weekly moving average. The overall market sentiment has turned very bearish. I do want to point out, we saw a triple top formation form (shown by the light-blue line on the price action) and we saw the RSI make a lower-high after each attempt to break that high. This is referred to as a Bearish Divergence, and we saw it play out because after the third touch that unsuccessfully broke that peak, price dropped sharply. We could be now entering into a pretty critical time for the stock market, because if we start to break some of these larger weekly moving averages, but could be setting up for downside as we enter into 2019.
Moving average guide (All in the weekly time-frame for this chart):
10 MA in Orange
20 MA in Pink
50 MA in Green
100 MA in Yellow
200 MA in Red
What to watch for:
-A break of the 100 weekly moving average, and a retest of the 200 weekly moving average.