Index
NAS100$NAS100USD/QQQ are relatively the same pair and since that's the case i'm basing my bias off of the movement of the DXY which was bullish and is now becoming bearish.
When one goes up the other goes down and vice-versa.
I'm looking for NAS100 to move to the upside.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
SPX500USD: Will Keep Falling! The Next Goal is:3791.1
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the SPX500USD pair price action which suggests a high likelihood of a coming move down.
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Quick Market Scan with some Trade ideasGood evening fellow ones
We have been having an interesting start to the week, with precious metals and crypto pumping to new higher highs. In this quick scan, I will be talking about the current market shape and what my thoughts are on market development in the coming days or weeks.
We will be covering the following assets:
- Gold with an analysis
- SP500 with an analysis
- Bitcoin input
Please make sure to leave a like or comment if you enjoyed this vid. Would be greatly appreciated!
All the best
CH
Impulsive Elliott Wave Decline in FTSE Calling More DownsideFTSE ended cycle from 3.16.2020 low with wave I at 8047.06. The Index is now in the process of correcting this 3 year rally in wave II. The internal subdivision of wave II is unfolding as a zigzag Elliott Wave structure. A zigzag structure is a 5-3-5 structure with ((A))-((B))-((C)) as the label. Wave ((A)) and ((C)) in this case subdivides into 5 waves impulse. In the 1 hour chart below, FTSE is still within wave ((A)) of II with subdivision as 5 waves. Down from wave I, wave 1 ended at 7978.61 and wave 2 ended at 8020.13.
The Index then resumes lower in wave 3 towards 7870.39, and wave 4 ended at 7949.97. Final leg lower wave 5 ended at 7854.82 which completed wave (1). Rally in wave (2) ended at 7976.48 with subdivision as a zigzag structure. Up from wave (1), wave A ended at 7950.69 and pullback in wave B ended at 7875.03. Wave C higher ended at 7976.48 which completed wave (2). The Index resumes lower in wave (3). Down from wave (2), wave 1 ended at 7897.45 and rally in wave 2 ended at 7959.77. Expect the Index to extend lower 1 more time to end wave 3, then it should rally in wave 4 and extends lower again. Near term, as far as pivot at 7976.48 high stays intact, expect rally to fail in 3, 7, or 11 swing.
NAS100: Bullish Forecast & Outlook
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report PredictionAfter the last price target was reached:
My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation .
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the QQQ will reach $288.
3. The year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation , will be restored. Inflation down to 3%.
My prediction for QQQ by the end of the year is $332, a 25% increase YOY.
Looking forward to read your opinion about it!
DXY: Long Signal Explained
DXY
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long DXY
Entry Level - 104.635
Stop Loss - 103.399
Take Profit - 106.490
Our Risk - 1%
Start protection of your profits from lower levels.
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DXYPullback, we'll see what the market does upon it's opening.
DXY bias looks like it wants to continue to the downslide.
Now that the dust has settle from NFP i'm looking for a push to the downside in the coming week.
Everyone have a safe and enjoyable Sunday.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
11 Trade Ideas Predicting The DJI Crash | Where Is The Bottom?The Dow Jones Industrial Averages index has been holding much, much better compared to the S&P 500 and Nasdaq indexes.
While the other two indexes have been down considerably since we started to predict the crash (18% SPX & 25% NDX), the Dow Jones (DJI) has gone down only by 12%.
This is the last one of this series of articles.
Feel free to relax as we get started!
Thanks a lot for your support.
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Let's start with the chart above on the Monthly timeframe.
The DJI closed last month below EMA10 and it is now signaling lower.
We use EMA10 to gauge the short-term potential of a cryptocurrency trading pair, stock or chart.
So the short-term potential has gone bearish... This we normally say based on the daily (24 hours per candle) timeframe.
Since this is the monthly, each candle is ~30X stronger than the daily.
Which means that this very simple signal can yet be very strong.
---
We started in late January to look at the Dow Jones.
We don't need/use 100 indicators, the very simple moving averages for us are more than enough.
Here we saw that the Dow Jones is no exception, it was also set to drop!
(Jan. 24) The Dow Jones Industrial Average Is No Exception (Crash)
Two days later we looked at the famous 'Falling Wedge" pattern and compared it to 2020-2018...
This one on the monthly timeframe.
(Jan. 26) Dow Jones Industrial Average Monthly Chart Analysis (30%+ Crash)
We can appreciate how the DJI was looking better than the SPX and NDX...
Yet, the indicators, such as the MACD, gave it away!
(Jan. 28) The Dow Jones Industrial Average: Not All Red
Dead cat bounce, anyone?
Easy to tell... We stay conservative though to not scare you away.
How to prevent a crash if the Feds policy do not change?
A: Impossible
(Feb. 7) DJI Weak Bounce
And here too for the initial phases of the correction we look at the classic ABC.
(Feb. 11) DJI Crash Last Reminder
To me, the next one was the biggest give away of all.
The long-term cycles are very strong but what to say when an index loses a 20 years long support?
We are talking about the MACD on this one...
(Feb. 14) DJI And The 20 Year MACD Support
We step back to sum it all up...
It is possible that the DJI goes for a 50% or more drop... Who knows, let's ask the chart!
(Mar. 4) DJI | Dow Jones Industrial Average (Additional 55% Drop)
By mid-March we shared the "bear-run"!
This is happening across all markets and will continue a bit longer before we see sustained/long-term growth.
(Mar. 13) DJI Bear Run
This is all for the major US Indexes.
We will go back to Bitcoin soon and then focus 100% on the Altcoins which is where the money grows.
---
In all, we published:
(1) 26 trade ideas for the SPX (all bearish).
(2) 14 trade ideas for the NDX (all bearish).
(3) 11 trade ideas for the DJI (all bearish).
For Bitcoin (BTCUSD), we share the Macro/Long-Term view as well as the short-term bounces/moves when prices go up.
You can count on us being here by the time the bottom is reached and when we hit $300,000 or more in 2025 and beyond.
Namaste.
14 Trade Ideas Predicting The NDX Crash | Where Is The Bottom? We looked at 25+ charts predicting the S&P 500 Index (SPX) market crash.
You can find this article in the 'RELATED IDEAS' at the bottom of this post.
Now, what about Nasdaq (NDX) and how far down can it really go?
Join me while we go over the trade ideas we published since early 2022, to see where we stand and what comes next...
(You can find all charts by visiting my profile - here )
Thanks a lot for your support.
--
We started by looking at our classic signals on the NDX chart.
We looked at EMA10/EMA21, previous corrections since 2018 as well as the MACD and RSI; it all pointed downwards.
At this point the NDX index was at 15,286.75...
(Jan. 19) NASDAQ Bearish Scenario Can Unfold
Just 4 days later we looked at the weekly chart and noticed how the NDX was moving below EMA50, one of our classic signals.
This is a bearish signals telling us of potentially lower prices...
(Jan. 23) Nasdaq To Hit Much Lower (Chart Update)
Later, we expanded on all my main/classic signals.
If you learn these signals by reading what we publish, as easy as they are, you can read any chart that being TradFi or Cryptocurrency...
(Jan. 24) NASDAQ Downward Pressure
Then we looked at the really long-term timeframe, monthly (M), and we predicted a potential 70% drop, this happened in January 26.
We also looked at Elliot Wave & more...
(Jan. 26) The Nasdaq Long-Term (Potential For Major Crash | ~70%)
If you want to know where the bottom is, look at this chart.
We followed this one by reading multiple timeframes, daily, weekly and monthly and going as far back as the year 2000 in our analysis... Our view remained the same and is still the same today, more correction before it is all over.
(Jan. 28) NASDAQ Index Continue Lower | Daily, Weekly & Monthly: All RED
Do you know about GAPs/Windows?
We study this signal in early February...
(Feb. 7) The GAP Gives It Away | Nasdaq
We also applied candlestick reading, which is the main system we use for charting.
High wave candles, full bearish candles on the chart as well as indicators such as the MACD.
(Feb. 23) Nasdaq (NDX) | Gives Additional Signals
In March only two trade ideas, the "bear run", now famous as well as another strong/bold prediction...
(Mar. 4) NDX | Nasdaq (Additional 65% Drop)
The ABC Correction is based on the Elliot Wave charting system... See how perfectly it works!
(Apr. 21) Nasdaq Extreme Bearishness Weekly
CONCLUSION | Bad news & Good news
The bad news is that we will have a long way to go!
The good news is that once we reach bottom, we will have DECADES of sustained and continued growth.
Namaste.
25 Trade Ideas Predicting The SPX Crash | Where Is The Bottom? Where is the bottom for the S&P 500 Index (SPX)?
Where is the bottom for Nasdaq (NDX), the Dow Jones (DJI), Bitcoin (BTC) and the rest of the TOP Altcoins?
How far low can it really go before this bear run is over?
We will get to the bottom in a minute but first, let's look at a few out of the 25 trade ideas we shared since January 2022 predicting the SPX market crash.
We started in mid-January when we spotted a clear TOP Pattern formation, prices had already broken below EMA10 weekly so the bears were already ahead...
(Jan. 19) S&P 500 Index Bearish Potential
Looking again closer on the 23 of January, we saw and mentioned that the SPX just moved below MA200 and the correction was just getting started... Lower prices ahead:
(Jan. 23) S&P 500 Index Correction Just Getting Started
After these signals, we wanted additional "proofs" of the upcoming crash to share with you.
We know that if we share the right information, you would have enough time to prepare before the massive correction.
So we went to look at the MACD and RSI for the SPX long-term.
We had strong bearish divergences showing... It was clear by January what was going to happen next!
(Jan. 24)
But, where is the bottom?
We had our first look at the potential bottom 26-January... According to the chart below, there is still a long way to go.
The full correction can be anything around 50-60% from the top... See details below:
(Jan. 26)
The long-term monthly timeframe confirmed everything we saw before...
(Jan. 28)
Then I share ten additional trade ideas in February, expanding on the signals, the support levels, etc. Multiple updates:
(Feb. 7) SPX Monthly | Bearish Engulfing
(Feb. 10) SPX Crash Last Reminder
(Feb. 14) SPX Daily & The MACD Armageddon Signal
(Feb. 21) SPX Opens Tomorrow - Covid Restrictions Being Removed Worldwide
(Feb. 21) SPX Weekly EMA10 Analysis
These are just a few... Let's continue with March.
In early March... Will the Fed raise interest rate?
This isn't really what defines if the economy will grow or shrink, it is actually "forward guidance"...
Anyways, prices closed weekly below EMA50 and the bears continue to gain momentum every day.
(Mar. 1)
In mid-March we had the "Bear run" trade idea, I published this also for BTC, ETH, DOP, LUNA, SOL, ADA, BNB... They all hit. These will be share in a different article.
(Mar. 13)
We shared many trade ideas predicting the SPX crash also in April, including a comparison with BTC and also RENKO:
(Apr. 12)
SPX Renko Chart (Apr. 14)
How far down can it go?
Share in the comments section your analysis, your chart, your guess, your call... I will share mine in a comment update below.
Thank you for reading.
I hope you enjoyed the content thorought the months.
Just as I shared the bearish wave, we will also enjoy the bullish wave as prices go up.
The markets move in cycles...
Up and down!
Up and down!
Up and down!
We are going DOWN now...
Next, we will go UP!
Namaste.
LKQ - Hidden Divergence - BullishOn the chart of LKQ, we can see a forming ascending triangle and we can see hidden bullish divergence on daily timeframe.
An ascending triangle is a bullish formation. The pattern gets validated when the price breaks out of the upside of the pattern.
By using the Relative Strength Index we can hidden bullish divergence.
A long position can be taken when the resistance of the triangle turns into a support.
See all further details on the chart.
Goodluck!
SPX500: Expecting Bearish Movement! Here is Why:
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bears are taking over so we will bend to the will of the crowd and sell too.
❤️ Please, support our work with like & comment! ❤️
NAS100$NAS100USD NFP had the markets in shambles and unclear of direction today 3/10/23.
Now that the dust has settle i'm looking for a push to the upside in the coming week.
Everyone have a safe and enjoyable weekend.
Disclaimer: This is not trade advice. Trading foreign currencies, stocks, indices, etc can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the financial markets, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose!!!
Good luck and Happy trading!
SPY S&P 500 ETF Options ChainI have monitored the options chain of SPY in the past 2 months and I noticed some big Puts positions that are recurring, regardless of the price:
2023-3-17 expiration date
$386 strike price
($2.53 premium now)
I don`t know that it has something to to with the higher than expected inflation, continuation of the interest rate hikes, the P/E ratio of 21.80 for SPX (quite high), or the war in Ukraine.
But options traders are quite bearish on SPY S&P 500 ETF for the upcoming month.
Looking forward to read your opinion about it!
SPY S&P 500 ETF Price PredictionOn March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.
In this context, my price target for SPY is $386 by Mid-April.
Looking forward to read your opinion about it.
DXY Local Rebound! Buy!
Hello,Traders!
DXY went down from the
Key horizontal resistance
But then hit a local support
From where a rebound is
Already happening and
I will be expecting
A retest of the
Local target above
Buy!
Like, comment and subscribe to boost your trading!
See other ideas below too!