NASDAQ The target is no less than the All Time High.Nasdaq (NDX) smashed through our bullish target when we issued a buy signal (see chart below) 2 weeks ago:
Right now it is on a minor pull-back after hitting Resistance 1 (15930) yesterday, which is the July 19 High. That was the firs High of a potential Megaphone pattern and its structure so far resembles the Megaphone that formed the market bottom (October - December 2022) after the 2022 Inflation Bear Cycle.
Technically there are high probabilities that we are on the final bullish leg towards the Higher Highs trend-line, which in January 2023 extended as high as to complete a +20.50% rise. It also reached the 2.0 Fibonacci extension. A repeat of that magnitude would push the index marginally above the 16780 All Time High (ATH) of November 22 2021, and that is our current medium-term target.
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NASDAQ 100 E-MINI FUTURES
NASDAQ Huge success, now targeting 16000!Nasdaq had a great run hitting our 15000 target after we called a buy on the exact bottom on Oct 26th (chart link in the end).
Now the price broke over the 4 month Channel Down, which on the greater scale turns out to be just a long Bull Flag, and is aiming at Resistance A and B.
In fact based on the fact that the current rally started when the 1day RSI bounced on the 33.30 Support and the 1day MACD formed a Bullish Cross on the exact same level as the January pattern, we expect the trend to follow a similar path with the 1day MA50 supporting from now on.
Buy again and target 16000 (Fibonacci 1.5 extension like the February 2nd top).
Previous chart:
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Weekly Update: Fire is MesmerizingAs we continue to subdivide within this larger cycle wave a down targeting the low 3,000 area, we appear to find ourselves in a countertrend b-wave retracement. This area has the potential to carve out potential complex patterns as b-waves and wave 4's are the areas where traders are frustrated from a sentiment standpoint.
I do not think we should be prepared for an easy consolidation and additionally, I believe we could be for a while. Within this area price should behave within a range. It would not be uncommon to experience irregular corrective patterns that slightly exceed previous highs or lows. As a Pattern Analyst I have no mechanism to forecast these sub-divisions.
My main reason I believe we stay contained within a range is based entirely on 2 aspects of data. (1) we have retraced much higher than in standard form, and (2) The IWM just completed it's b-wave triangle, and if recent history is any guide when comparing small caps to large caps is there appears to be 1-3 month lag in the broader markets. See my small cap analysis here .
Nonetheless, what comes next is a c-wave. If you have followed me for a while, you'll know a c-wave down feels like a crash. I'm not saying the stock markets are about to crash...I'm simply saying that soon if you find yourself saying out loud, "This feels like the stock market is crashing" ...that's how you know you're in a c-wave.
Are the bulls playing with fire here? My mom always told me that fire is mesmerizing, but don't you dare touch it.
Best to all,
Chris
Are we about to see a new era of expansion for the tech sector?This is the Nasdaq to Dow Jones ratio (NDX/DJI) on the 1W time-frame (with the RSI on the 1M), which offers very interesting conclusions as to where we are on the large scale of things, which can be particularly helpful now as the shorting bets have been increased to the most in 5 years.
The recent pull-back since the July Highs, have made market critics call for a stronger correction. for the NDX/DJI pair, this has just been a consolidation. Going back to 2000, the tech sector witnessed a 'biblical' Bear Cycle as the Dotcom Bubble popped. It wasn't until November 2021 that the NDX/DJI ratio reached this 0.47 All Time High (ATH) Resistance but again as we saw, the inflation crisis happened and had a 1 year Bear Cycle.
Now the ratio is almost back to the ATH Resistance and just formed a 1W Golden Cross, which is a very bullish pattern, the first since October 2007. What's really interesting is that this consolidation on a 1W Golden Cross is quite similar to the July 1991 pattern. That fractal was basically the expansion phase that led to the Dotcom Bubble burst. The 1M RSI sequences are similar between the two fractals.
This chart shows us that such expansions take place inside Channel Up patterns. The 1W Golden Cross and a potential break above the 0.47 Resistance, may be the signal telling us that the technology market is starting a new era of expansion and it won't be surprising even fundamentally. Among other technological advancements and inventions, we are in the era of A.I. and that can be the vehicle to grow the market to unprecedented highs just like the internet was in the 1990s fractal that led to the 2000 Dotcom bubble.
Do you think the time to invest in tech long-term is now?
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US100 ~ November TA Outlook V2 (4H Intraday)CAPITALCOM:US100 chart mapping/analysis V2.
Always good practice to revisit your chart(s) after couple days with a refreshed perspective, to determine whether your initial TA has complimented developing price action, or your drawings need to be updated/overhauled.
Revisit updates:
Re-adjusted ascending parallel channel (green line) + highlighted middle trend-line (white dashed) to emphasize potential resistance of breakout price action
Extended descending trend-line (light blue dotted) to connect pivot points from Nov 2021 Dec 2021 peaks
Remaining TA drawings have held up so far, TBC.
Weekly Update: Do Small Caps Still Lead the Broader Markets?We've all heard that the small capitalized publicly traded companies lead the larger cap companies, more so featured in the broader indices. A quick look back shows the Small Caps Topped in November 2021, whereas the Nasdaq and SP500 did not top till January 2022. Subsequently, the IWM bottomed in June of 2022, and it took the NDX and SPX till October of 2022 to form a bottom.
So it appears we do not have to go back too far to see this phenomenon is still valid. If this price action of leading the broader markets continues to persist, then the IWM is now poised to literally "Drop like Rock".
A quick observation shows the small caps are around their lows bouncing slightly for wave 2 in our primary c-wave down. You can read my prior posts on the SPX and NDX indices but it appears if you want to know if the recent bullish feeling rally in the DJIA, NDX and SP500 has sustainable legs...look no further than the IWM.
Best to all,
Chris
S&P500 Total Return Index: Reading Market Between the LinesThe 1st half-year of 2023 is near the end, so the June Triple Witch quarterly expiration on the financial markets just took place the business day before.
The S&P500 index ( SP:SPX ) has added 14.44% in net prices since the beginning of 2023 and 15.36% in its total returns ( SP:SPXTR ), back to levels above 4,400 that were not seen in the past 12 months since the second quarter of 2022.
Historical backtest analysis indicates that the result achieved by SP:SPX Index year-to-date is the second largest in the last 25 years, second only to the pre-Covid 2019, where the return of the S&P500 index was 19.12% by mid-June (net prices) and 20.30% (total return).
This publication proposes to dwell in more detail on the definition and formula for calculating so-called market "Total Return", when measuring the performance of financial markets.
As no single idea has been published for the S&P 500 Total Return Index ( SP:SPXTR ) neither on any local version, nor on the International version of the TradingView , to the author's surprise..
So.. Let's be the first 😀
What is Total Return, or "Total Return"?
In general, the Total Return is the actual value (or rate) of profit from investments for a certain evaluation period.
Total return in certain markets includes various categories: accrued interest (accrued interest in bond markets), capital gains (paper P/L based on the change in the market price of an asset), dividends, as well as other mandatory distributions due to regulation, for a certain period of time.
Main conclusions
👉 Total return is the actual return on an investment or basket of investments over a given period of time.
👉 Total return includes interest, capital gains, dividends and distributions, calculated as a percentage of the amount invested.
👉 Total return has a stronger performance vs. Net prices performance, when the amounts that an investor earns on a security over a certain period (in the form of interest, dividends and distributions) are reinvested back into the purchase of additional securities, making higher investment returns over time, according to the principle of compound interest.
👉 Total return are more important when investing in dividend stocks/value investment assets, which have generally low capital appreciation potential relative to Growth assets. But still often outperform them, following a long-term capital reinvestment strategy.
👉 The total return can be formed by the investor both individually, that is through the purchase of additional securities (for the amounts of received interest, dividends and distributions), as well as through mutual and exchange trade funds (ETFs). Of course, bearing in mind and taking into account significant risks, common to all collective investment schemes.
Average annual total return
It is important to analyze the average annual total return for different periods. Comparison of returns against a benchmark of the risk-free rate and inflation shows how efficient or inefficient the issuer of the security has been vs risk-free investments (for example, banking deposits).
When analyzing the average annual total return, it is also important to remember:
👉 Even small discrepancies in the average annual returns on Net prices and Total return prices over time will significantly affect the overall result.
👉 The influence of commissions and exchange fees is also large, despite the fact that they often look like a small amount of a few tenths or hundredths of a percent.
Examples and General Meaning of Net Price Returns and "Total Returns"
👉 At 2.08 percent of the average annual dividend yield of the S&P500 Index over the past 35 years, the return of the corresponding "full return" index SP:SPXTR amounted to 35.98x during this time, while the net price index SP:SPX added only 17.11x, more than 2x down vs yielding of the reinvestment strategy.
👉 Full return reinvestment strategies are important in conditions where financial markets and securities are long-term settling in in wide price (zone) ranges, due to unfavorable or modest general market (macroeconomic) conditions that pushing down stock market and capital growth - for example like in the past 12 - 24 months in SPX as a result of upgoing inflation and Fed interest rates.
𝗔𝗺𝗮𝘇𝗼𝗻 𝗨𝗽𝗱𝗮𝘁𝗲: $AMZN Weekly. Huge bull setupOver 145 and should see a nice run to 170 resistance. Large accumulation pattern (inverse H&S) with an implied target ~$200 🤯
NASDAQ:QQQ $NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
NASDAQ: Short term sell opportunity.Nasdaq hit our TP = 15,000 as since our last idea (chart at the bottom) we took full advantage of the whole LH leg of the Channel Down. With the 1D technical outlook now just slightly bullish (RSI = 56.567, MACD = -24.590, ADX = 32.703) despite the seven day rally, we are looking towards a short term pullback that will test the buying strength and investor commitment towards a long term rise.
Consequently we are going short here, on the RSI rejection on R1, targeting the 0.382 Fibonacci retracement level (TP = 14,750).
See how well our prior idea has worked:
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𝗡𝗮𝘀𝗱𝗮𝗾 𝗨𝗽𝗱𝗮𝘁𝗲: $QQQ Daily. Bulls have the ball ... 4th test of the top TL. At some point will breakout and they just trapped a ton of bears and stopped out longs on false breakdown below 352. 200dma held nicely and nearly hit major support area at 338-40 📈
$NQ_F TVC:NDQ NASDAQ:AAPL NASDAQ:MSFT NASDAQ:AMZN NASDAQ:META NASDAQ:GOOG NASDAQ:TSLA NASDAQ:NVDA NASDAQ:SOX $ES_F AMEX:SPY SP:SPX TVC:DXY NASDAQ:TLT TVC:TNX CBOE:VIX #Stocks
AMD to BUY & HOLDDear Investors,
AMD is showing a strong buying signal after good fundamentals this year.
this could be your opportunity to invest in a low-risk high-reward trade.
you can contact me for more info on why this is a good trade & give you a strategy on how to manage this trade and close it in the best scenario possible.
you can check my old trades too to get an idea of my trading mentality.
NASDAQ About to test the MA50 (1d). Break out and rejection planNasdaq is posting the 3rd bullish leg inside the Channel Down pattern on the 1D time frame.
It is about to hit the MA50 (1d), above which all prior Lower Highs have been priced near the 0.786 Fibonacci level.
The medium term trend remains bearish until this level gets broken.
Trading Plan:
1. Sell on the current market price.
2. Buy if the price crosses over the 0.786 Fibonacci level.
Targets:
1. 14650 (near the 0.382 Fibonacci level, where both Channel top rejections made the first drop).
2. 15330 (Resistance 1 and previous Lower High)
Tips:
1. The MACD (1d) just formed a Bullish Cross. The previous two were formed half way through the rises, so it is possible this one is stronger, hence our bullish break out option.
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Notes:
Past trading plan:
NQ1! Supply and Demand Levels 11/2Link to chart: www.tradingview.com
Lots of HTF (higher time frame) zones to look out for. Strong bullish move from 14000s to 15000 in a few days.
News events this week are potentially moving the market AND hitting a key support zone within the last week.
If we can push in the upper 4hr supply above 15040 or so, it would be nice to break out of the 4HR downtrend (blue bolded trendline) for a break/retest to go higher. Otherwise, we can potentially break/fail or reject off the 4HR trend.
I forget to post my charts sometimes, since I get too caught in the moment of my trading but I need to make a better effort! The goal is weekly charts, but I prefer to have daily.
NASDAQ Can it hold the 1D MA200 ahead of the Fed and NFP?Nasdaq (NDX) has a strong rebound near the 1D MA200 (orange trend-line) last week, which formed the latest Lower Low at the bottom of the 3.5 month Channel Down. Ahead of today's Fed Rate Decision and Friday's Nonfarm Payrolls, it is important for investors to see the index holding the 1D MA200 as Support, as it will provide the technical backing for at least a short-term rise.
As long as it does, our target is 14850, which is a level that meets all 4 bullish criteria:
1) Is on the 0.236 Fibonacci Channel level (all previous 3 Channel Down bullish legs hit at least this level).
2) Is on/ below the 1D MA50 (blue trend-line).
3) Is less than +6.28% (which has been the lowest % rise of a bullish leg withi this Channel).
4) Is (quite) below the 0.786 horizontal Fibonacci level (all previous bullish legs almost hit it).
If however the 1D RSI hits the 58.50 level (Resistance 1) before the index hits the 14850 target, we will book the profit earlier, as that RSI Resistance has formed the last 2 Lower Highs of the Channel Down.
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DCFC f-ing meWelp my average buy in is $0.43, CEO hugged biden or something thought it was a safe punt at $0.70 after 99% draw down lol. Down more then I would like to admit on this one, but still only 5% of trading account....not ideal of course. Lets see what happens. Will sell before year for tax loss. Not Advise, good luck.
NASDAQ Rebounding on the 1D MA200 and targeting 15,000Nasdaq is trading inside a Channel Down since the July High and is naturally on bearish 1D technicals (RSI = 39.169, MACD = -233.06, ADX = 37.454). This is a buy opportunity though as the price is rebounding today after making a LL bottom almost on the 1D MA200. That is a long term Support level, being unbroken since March 13th. The second bottom indication is given by the 1D RSI which hit and bounced from inside the S1 Zone, as both previous bottoms have.
Every rebound rose almost as high as the 0.786 Fibonacci level to make a LH top. Consequently we turn bullish and target that Fib level (TP = 15,000) which is slightly over the 1D MA50.
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NASDAQ 1day MA200 test after more than 7 months. Huge BUY!!Nasdaq / US100 is trading inside a Channel Down since the July 19th high.
Today the price not only touched the bottom of that Channel but is about to test the 1day MA200 for the first time in more than 7 months.
As the 1day RSI is on the same level as the Channel's previous two Lows, this is technically the best buy opportunity on a quarterly basis.
Buy and target 15000 (top of Channel Down and 0.786 Fibonacci which was where the previous Lower Highs were formed)
Previous chart:
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