asharifan

asharifan

QQQ made a nice breakout yesterday. The upper correction trend line has been broken by a strong candle and relatively high volume. Today we can wait for confirmation.

asharifan

all both #nasdaq and #spx lost their 10-week SMA. for Nasdaq I expect retesting of the 13000 zone. as long-term trend is upwards, I will stay cash waiting for new positive signals.

asharifan

although the zone of 13800-900 is important critical zone for #nasdaq although, Nasdaq is in a low bank of its flag shaped correction, but watching volume/price behaviours in other indexes, I expect this pullback will go deeper at least towards 50d moving average.

asharifan

The first pullback after the first rally ended in stage 2. #spx and #nasdaq are trending similarly, but of course the Nasdaq Composite has shown relative strength over the past 3 months. For me, as a swing trader, it's time to be cautiously aggressive. Before moving forward, I expect a small (couple of days) flag-shaped pause nearby.

asharifan Updated 

obviously, the overall trend of SPX and all other indexes is bullish. but, as all of them has stretched from their key moving averages, I expect a correction and I hope it will be in shape of a continuing base instead of a sharp pullback. it can be a new chance to buy the proven leading stocks. So, I see the market in neutral or even negative for very short-time...

asharifan Updated 

what I see in weekly chart of #nasdaq composite is a finished bear making a double bottom at its floor and etc. now it needs a strong rise towards13000. now my finger is on trigger waiting for a strong week.

asharifan Updated 

SPX500 is in its the most critical situation . not only we can see different signals in various time-frames but also we see a big deferences between various indexes . in this situation we need to be expect any next scenario and watch the market carefully for next week. from my point of view, the positive scenario is a bit more likely .

asharifan Updated 

The Nasdaq Composite provides an excellent overview of the fractal nature of the market. 1- The double bottom pattern was completed on January 23 2- The 6-week flag pattern that ended on March 13 3- A smaller cup & handle (green one) were formed. 4- The failure of the small pattern also happened last week. 5- Now we can say that we are already in a new bull...

asharifan

#bist100 came back from its 200-Day moving average strongly and closed above all key SMAs. volume spiked too. now, to start a new up-trend, it must cross above its 6-month "down-trend channel". personally, according to the Friday gap up, I expect a correction towards the long-time trend line (green line). it can cause pullback in many leading stocks. a real bull...

asharifan

The US dollar index "DXY" has started a positive wave. According to 200 days SMA, the neckline of this index is 105-106. Breaking this zone can be the beginning of a new upward trend for this index. A strong bullish #dxy could positively impact US equity markets, possibly negatively impact #xauusd (#gold). of course, the buy signal will be the breakout of the...

asharifan Updated 

The #bist100 has gained more than 250% during a bullish period of about 500 days. Making a new base or pullback is completely normal. But, especially, after a big fly, any pullback can turn into a big reverse. I stay away from such a risky market. If you want to stay in it, please don't use margin and be very careful about risk management.

asharifan Updated 

the pattern is a classic W with a flag shape handle ,I expect a route, like I have placed in my chart.

asharifan

#spx500 finally closed above 4100. The monthly candle is also closed there. At the moment, both ways are possible, but I personally expect the blue route. The coming weeks can be very volatile for small and medium-sized companies.

asharifan

the zone of 4100 is a critical zone for #spy. its the 2nd try to fight with this zone and this time a bit stronger. I am personally 60% cash and I prefer to stay calm waiting for a strong breakout beyond the 4300 . for the next week the volume is more important than the price.

asharifan

1- markets are dynamic 2- when a trend got broken, new one starts not necessarily a reversed of last trend. 3- for now, we can say that, the stage 4 (bearish/ decline faze) has ended. 4- we are now in the end of a stage 1 situation but, it can go to a stage 2 or new stage 4 . I mean in this situation we cant be sure about the next main trend. so, being cash or...

asharifan

We had a bad week in the US stock market. - SPX lost all its SMA lines and closed below them. - A big red candle happened and the volume confirmed it. In my opinion, the good news is that the spx has already completed its phase 4 (bearish) and the lower area of 3500 has been found as the end of the bear market. The bad news is, the market has lost the fight to...

asharifan

I personally trade only small to mid-cap companies. I care a lot to the #russell200 it seems that this index has finished its pullback and according the pattern (double bottom cap+ handle ) can be start of a new fresh positive wave.

asharifan

Now, as expected, we had a #pullback . Somehow, it went a little longer and deeper than we expected The 40W SMA is not in a downtrend and is flattening. I think another positive swing is going to start. But it won't necessarily be a sharp one.