When the Nasdaq and the Russell are weaker than the S&P and the Dow, trouble is comming. When the S&P is weaker than the Dow, trouble is coming. When both conditions are in place, big trouble is coming. Now it's the time to go short on US markets, and I will choose the Nasdaq, as it is weak, and it will probably lead the fall together with the Russell.
The Dow and the S&P are at their all time highs right now, but the Nasdaq is nowhere near its multi year highs (all time highs are back in 2000 when the dot com bubble burst).
There is a clear H&S formation, with a corrective double top, MACD lines below 0 and histogram falling. Price is currently resting at value, at the EMAs (look how accurately price returns to the EMA Wave, and rallies or falls back).
Support levels at 3400-3450 and 3100-3150. At these levels, there will be a fantastic buying opportunity.
Fundamentaly, looking only at the US, there is no reason for shorting. The Fed are cutting the money supply, but data keeps getting better. The Ukraine is the big problem, and that is where all this volatility is coming from
The 4H chart with the double top :
The Dow and the S&P are at their all time highs right now, but the Nasdaq is nowhere near its multi year highs (all time highs are back in 2000 when the dot com bubble burst).
There is a clear H&S formation, with a corrective double top, MACD lines below 0 and histogram falling. Price is currently resting at value, at the EMAs (look how accurately price returns to the EMA Wave, and rallies or falls back).
Support levels at 3400-3450 and 3100-3150. At these levels, there will be a fantastic buying opportunity.
Fundamentaly, looking only at the US, there is no reason for shorting. The Fed are cutting the money supply, but data keeps getting better. The Ukraine is the big problem, and that is where all this volatility is coming from
The 4H chart with the double top :
רעיונות קשורים
Nasdaq Study
vlad.adrian
about QQQ