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The Great Reset of 2022In the light of a recession with the GDP seeing negative growth in Q1 and a tighter monetary policy from Fed as well as rate hikes from Fed does the high profile growth stocks see a slow down. The main buyer of these high profile growth stocks is NASDAQ where many of these stocks see a bearish market (e.g. Meta Platforms, Zoom and Netflix) as investors go from high profile growth stocks to safer investments such as commodities and real estate in fear of a recession. Also consumer spending is lower than before as consumers does not buy multiple streaming services, delivery services or technology in general but instead safe money and keep e.g. dollar instead of stocks and cryptocurrencies. This negative consumer spending causes these high profile growth stocks to see a slow down in growth as their balance sheets are negative. NASDAQ may see correction towards the green part of the green cloud but after that a more drastic drop off as the price crossed underneath the green cloud. To support this claim does the EMA and the RSI are both showing this correction is likely to happen. In tune with inversion of the yield curve may the NASDAQ see negative movements like it did during the last times this happened in: 2001 and 2007 right before the Dot com bubble and the Great Recession respectively.
NASDAQ:NDXShort
by vf_investment
Will history repeat itself? Interesting comparison from 08' & 22I was looking at the start of April 2008 through May 1st 2008, when I noticed similar price action from April 2022 through May 1st 2022. On both charts, at the start of April to the 1st May the price fell an average of 16%. Since I know what happened in 2008, I used the fib retracement to see how much of retracement the NASDAQ would go and how long it would take. On the left chart, you'll see NDAQ retraced back to the .618 level on Wednesday, May 7th. then got rejected by the 200 day moving average. The following week the CPI report for April was released Wednesday, May 14th which caused a huge dump that lasted to the third week of May. That dump was a total of 19%. That is insane! So, I started to think maybe the same thing will happen this current May 2022. It is very possible that history will repeat itself. I decided to fib retracement April-May exactly how I retraced it in 2008. According to my calculation it should take 7 trading days in May 2022 to reach the .618 fib level. That is exactly where the 50 day moving average is at price $172. This is the same day the April 2022 CPI report will be released Wednesday, May 11th. If we retrace by then and then later the market dumps 19% like it did in May 2008. The dump will hit a current major support level at $140-145 zone! Well isn't that a coincidence? That price level $140-145 became the major support on Jan 2021. The same year that inflation started to take affect on our economy. Could it be possible that we crash this May as a symbol to end inflation?
NASDAQ:NDAQ
by Trebor_Namor
2
Today's Closing on a local Triple Top - Where to Now?Given the somewhat bullish news from the Fed today, a rate hike of only 50 basis points and no larger hikes in the near future, things seem to be looking up. The news gave way to a major rally midday, erasing losses since- well, last Monday. However, it should be noted that the fed slipped in a dirty curveball: in June it will start a multi-trillion dollar balance sheet runoff starting June 1st. In the month ahead, it should be expected that the market will be trying to gauge what this will mean for them. As a hint, the last time the Fed dumped its balance sheet in response to extreme economic conditions was in December of 2008. October's decline caused a run-up in the fed's balance sheet as the housing market began to tilt sideways. When things seemed stable, the Fed ran off nearly 20% of its holdings in the 2 months following- before the stock market reached its lows that following March. This coming runoff isn't nearly as drastic, as the fed maintains a $8.9 trillion fund and is only giving up $47.5 billion a month for the first three months, and $90 billion for the next three. This equates to only a 4.6% drop, over a much longer period of time. Will the balance sheet runoff be enough to curb inflation? Only time will tell. However, I take it as a sign that we've not yet hit the bottom in this market. Continuing this thought, let's look at the hourly chart for the S&P 500. We're seeing some resistance at the 4300 mark. We seem to have closed on a Triple Top, and today's rally wasn't enough to blow past this target ( again! ). The previous two times we've hit this figure, it looks like we've declined by 3% & 5%. My best guess is that if tomorrow does not carry this rally's momentum higher, we'll be seeing a 8% decline from here by Monday. If after fully digesting today's news the market decides to continue its rally into tomorrow, we could even reach the top of this bearish channel. However, the RSI on this chart seems to have topped out and the MACD seems ready for a reversal. Basic technicals seem to point downward from here. If we break out of the bottom of this channel, as outlined in the chart, it could spell gloomy days for the market overall. This resonates with the nervous "big crash" bears, I'm sure. But what do you think? Are we to continue the rally this week, or bounce off of this triple top?
SP:SPXShort
by CozmicKnight
2
Buyers.. the bear market is not over ..False breakout of the order block there where it stopped the bear is showing there strength. Russia is planning to invade another country, China is planning the way to invade Taiwan. Also USA.. still going to recession and inflation is going 8% higher now. Everything is mixed up and the bears aren’t done yet its not over. The very bad news is Russia is about to declare war against Ukraine , NATO & USA. WORLD WAR III is Near.. brace for May 9th.
FX:NAS100
by JoyBoyVegae
NASDAQ in the C wave as expectedHello trader! As you can see, the NAS100 keeps dropping exactly like what we analysed on 19th March. Thanks to the Elliott Waves, we are now in the C of the ABC correction. We are therefore in the C of the C. We will then see another red week to go to reach the different objectives. First objective: 12250/12173 Second objective (strongest) : 11720/11600. This one is the strongest because we will reach the 50% of the retracement of the 2 years of COVID, and also the 123% of extension
NShort
by ModTrades
US30 Following 2008 Crash PatternI was watching the patterns in 2008 crash, and how it might translate into today's situation. Although there are quite some differences between the 2 events. We are having a "war" at this point, and hoping it doesn't escalate. Pray for peace in Ukraine. That aside. I have the image of the 2008 Weekly candle chart pasted for easy reference against the present market candles. If you look up my previous ideas, I have mentioned the same. In 2008, it was a head and shoulders, a break of the neckline, a re-test of the neckline and a further dive down. In the current market, it is not as obvious, but we are making a lower low, on the weekly today (although there is about 6 hours left 'till market closes for the week). As with a couple of weeks prior, a strong rejection bearish candle (1) led to a fall in 4 consecutive weeks. 2 weeks ago, we had a strong rally but held barely under the close of the strong rejection bearish candle (1) shown in orange highlights. With a couple more hours before market closes, I do expect that current momentum holds the candle bearish. Next week, we'll see how the market reacts. Should another bear candle follow, I would anticipate for price to reach lower into a key demand area around 33200.
OANDA:US30USDShort
by geneAnalytics
AMZN Back to 1300, Nasdaq Back to 7000Back at the end of 2018, I made an attempt to call a longer term bear market for big tech. Linked below are some of those posts. I was new to markets, and all I did was look at the chart. Even back then, the charts for Apple and Amazon looked ridiculous, but now it's undeniable that they've seen parabolic growth. This is the AMZN chart zoomed further in, where you can see how I was dead wrong at the end of 2018, as the money printer and QE kicked in again, taking the market to new highs shortly before the pandemic hit. Then, the pandemic hit and the Fed exhausted the last of its firepower. Will they save the market again? Above, I marked the 1600 and 1300 levels as areas of support, should the current level fail. Also shown on my Amazon chart is the long term uptrend, which has now been broken and confirmed as resistance. I expect markets to fall back to pre-stimulus levels, as the 2021 rally was largely "fake." Even though some of these companies may continue to remain profitable, I think some disappointing earnings will start to trickle in, signaling a depressing outlook for growth in the near future. Take Netflix, for example. It's already getting closer to testing some of those earlier levels. Perhaps it's a "canary in the coal mine" situation. What's especially concerning is that even companies that have exceeded expectations (like Tesla) cannot sustain a rally. Look at that earnings pump and dump: This implies that market participants are exiting regardless, and booking profits after many years of easy economic policy. Now here's something truly hilarious. Elon Musk and Bill Gates claim to be shorting each other's companies! What happens in this scenario? They both still profit. Billionaires are just playing games. Here are some levels marked for Tesla. If Elon continues to innovate and do well, TSLA may not drop quite as much as some others, but that's still a lot of profit on the table. He's even sold some of his own shares himself: And Microsoft: Why Would the Fed Just Let It Happen? The easiest way to fix inflation is perhaps to just simply let things unwind. As big corporations lose profits, smaller businesses close, and people lose their jobs, their homes...a big financial crunch occurs that shocks the living daylights out of our systems. New solutions will need to be found, some of which may seem obvious, such as taxing the wealthy and corporations much more heavily. Some we haven't even dreamt of yet. Here's a speculation: Community living becomes more desirable, and new small businesses will need to emerge to tailer to those communities. A world owned by corporations already causes pressure on communities and small businesses, where your boss is forced into implementing oppressive working conditions to stay afloat. All the while, your next door neighbor begins trading Dogecoin and digital images to finally have a glimpse at paying off his debt or buying a home. It's an escape into a black void that consumes your soul, and the soul of society. Ready for the collapse? Let's see what happens. This is meant for speculation and entertainment only. -Victor Cobra
NASDAQ:AMZNShort
by VictorCobra
15
Tech selloff templateI still think bitocin is leading markets and markets like tech/QQQ are playing out something like this in the chart. With the two fed dates marked in vertical dashed lines. May 5 FOMC talk I suspect actually makes matters worse when there is no indication of fed changing strategy and markets sell off into May 25 bottom after which fed says something dovish - this will set up a bull trap for their institutional buddies to sell into. I think the game is entirely rigged not by the fed but by the people who control the fed who are manipulating the market when they can to suit narratives that the public buys off on.
NASDAQ:QQQShort
by DropDead_Fed
NASDAQ - The Major Correction 🩸Our last analysis on Nasdaq played out PERFECTLY. See below for our previous setup and click play to watch the magic happen... Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in place to actively monitor any sort of breakout. Bare in mind that a breakout may be a complex correction as opposed to an actual break. We just need to see how price action plays out and then go from there. Right now there isn't any trade setup as we're in the middle of the move. Once we see any sort of corrections, we can prepare ourselves for a trade. Hope this post helps you understand the current market structure. Goodluck and as always, trade safe!
OANDA:NAS100USD
by WicktatorFX
55
Potential crash of BTC/USDAs you can see, my two charts are USDX and BTCUSD. Using the monthly timeframe we can see a resistance level on USDX which has been respected twice. Price is coming up to this zone very soon, and on HTF, USDX is overbought using Stochastic RSI . BTCUSD has been respecting this upwards trend line since around July 2020, becoming more volatile in recent years. As we can see, both are coming to test their respective zones in the near future. Bulls will be looking for the BOS with US Index and for BTCUSD to respect the trend. Bears will be looking for US Index to respect resistance, and for BTCUSD to push down. What we saw in 2020, on the second rejection of support, was a small crash of around $7000 dollars in BTC price (highlighted in red). Now the market has a larger volume, and higher volatility, should USDX respect resistance, we could see a crash in BTC. If you liked this post, please like and follow for more!
BITSTAMP:BTCUSD
by UnknownUnicorn31942210
1
US100 Crash SymptomsHello traders! There are crash symptoms in Nasdaq/US100. Joe Biden Govt failed miserably in all aspects and now the US economy is dropping without leaving any evidence of recovery. Whenever there is a crash market always leaves evidence of recovery and that evidence can be used as a hope of recovery after a crash but in the current case, i am not confident about any major gains in US100. The true reversal point is at 11136. The true reversal point is a strategy that tells a pinpoint reversal number. Hope It will not welcome 7900 soon but there is a chance it will be there within no time. Don't forget to hit the like button and follow to stay connected.
UShort
by Aadil1000x
11
Did we just bearishly flag on Bitcoin ?If we just saw a major bearflag in bitcoin, and this measured move plays out, the world will turn into a crazy bitcoin is worth 12k place... 88% retraces in bear markets are nothing out of the order for bitcoin, and both the .886 and the measured move point to 12k, and looking left, you couldn't even say, that 12k doesn't make sense, that was the one big resistance, BTC topped out there once in 2020 before we went berserk in crypto space. Let's hope TA is wrong here :D
COINBASE:BTCUSDShort
by 10xTrading
2