ValkyrieBlue

ValkyrieBlue

A technical view of the Black Monday crash in 1987.

ValkyrieBlue

This is almost the exact same technical picture as SPX in 1987.

ValkyrieBlue Updated 

After publishing my most recent analysis of the current Nasdaq 100 trends, I decided to publish a look at the short term technical patterns as well. In my experience, futures tend to reveal a more complete picture of these patterns. Nasdaq 100 E-mini's have had a busy September. After testing the top of the primary uptrend on September 2nd, the price fell out of...

ValkyrieBlue Updated 

Big reversal incoming. The failure of the rising wedge has become part of a head and shoulders pattern. The neckline coincides with a major support zone (pink)

ValkyrieBlue

The price will almost certainly fall to the bottom of the gray downtrend. It's only a question of when. The support zone between 11150 and 11230 is the key. If it is broken a steep downtrend will occur. I have also identified a head and shoulders pattern in NQ1! where the neckline mirrors the support zone in NDX.

ValkyrieBlue

Trump perfectly called the all time high in September for NDX. His tweet about the Dow reaching 29,000 came an hour after market close. Today after close, he tweeted about the Dow rising 466 points in the session. He also tweeted "STOCK MARKET HIGHS" today before open. Two data points do not make a solid conclusion, and Trump has tweeted about the market many...

ValkyrieBlue

The price has remained inside of the secular uptrend (blue) for the last 10 years. In July of this year a breakout occurred which appears to be a head fake of the uptrend. Since breakout, the price has formed a rough head and shoulders which is clearly visible in the RSI indicator. On October 1st the price ricocheted from the top of the short term downtrend...