Nasdaq is painting a once-in-decades scenario.
Nasdaq (IXIC) is currently painting a red TD count 12 con monthly timeframe.
It happened only once, back in july 1984 and marked a reversal.
That's almost 40 years ago.
Moreover it's still close to FIB 0.618 of a 2 decade long uptrend dating back to 2002.
We have a falling wedge, a bullish divergence on RSI (Dec '18, March '20).
A bounce from this general area may potentially hint an upcoming generational opportunity.
Closely watch for test of rising support and/or wedge breakout.
As usual DYOR, mind the risk.
Prettified chart:
It happened only once, back in july 1984 and marked a reversal.
That's almost 40 years ago.
Moreover it's still close to FIB 0.618 of a 2 decade long uptrend dating back to 2002.
We have a falling wedge, a bullish divergence on RSI (Dec '18, March '20).
A bounce from this general area may potentially hint an upcoming generational opportunity.
Closely watch for test of rising support and/or wedge breakout.
As usual DYOR, mind the risk.
Prettified chart:
ความคิดเห็น:
Weekly:
ความคิดเห็น:
We're about to know whether that's a mere rising wedge or a bearish pennant.
Tipically i'd say that's a pennant, but in this particular case, given proximity of supports area and the peculiar picture of MACD on 2W it may not be the case and it may bounce.
Watch it.
Tipically i'd say that's a pennant, but in this particular case, given proximity of supports area and the peculiar picture of MACD on 2W it may not be the case and it may bounce.
Watch it.
ความคิดเห็น:
Let's see ...
ความคิดเห็น:
Weekly TF:
you can see the infraction of support, recovered through a dragonfly doji.
Which looks good. Moreover, Parabolic SAR was respected.
In other words it hit the floor and it's now trying to bounce.
It's important to stay above FIB 0.382 on close on monday and paint a green candle.
For our hyphotesis to gain some traction, 11k area and the upper bound of wedge next week should be the target. From there we'd look for a decisive breakout or rejection.
you can see the infraction of support, recovered through a dragonfly doji.
Which looks good. Moreover, Parabolic SAR was respected.
In other words it hit the floor and it's now trying to bounce.
It's important to stay above FIB 0.382 on close on monday and paint a green candle.
For our hyphotesis to gain some traction, 11k area and the upper bound of wedge next week should be the target. From there we'd look for a decisive breakout or rejection.
ความคิดเห็น:
S&P500, M: what if ...
?
?
ความคิดเห็น:
10700 nailed.
Ideally i'd like to see it approach 10900-11100, MA20/W to upper bound of the edge.
Tha's the relevant area id' look into for further hints.
Ideally i'd like to see it approach 10900-11100, MA20/W to upper bound of the edge.
Tha's the relevant area id' look into for further hints.
ความคิดเห็น:
10890 reached, unsurprisingly.
We saw the chance of a bounce.
It came.
Now let's see if we can get the opportunity.
From now onwards look out for wedge breakout (or rejection).
We saw the chance of a bounce.
It came.
Now let's see if we can get the opportunity.
From now onwards look out for wedge breakout (or rejection).
ความคิดเห็น:
Tomorrow will be an important day for both Nasdaq and SP500.
See below ...
See below ...
ความคิดเห็น:
NASDAQ:
S&P500:
Both trying to breakout.
Soon to say, watch'em.
S&P500:
Both trying to breakout.
Soon to say, watch'em.
ความคิดเห็น:
A very nice move so far, up to the weekly BB.
Let's see the W close.
Let's see the W close.
ความคิดเห็น:
ความคิดเห็น:
S&P500:
Where are all the doomsayers gone ?
Just asking.
Where are all the doomsayers gone ?
Just asking.
ความคิดเห็น:
Guess what ? IXIC above 12200 ;)
ความคิดเห็น:
No comment, enjoy the ride to resistance.