markets never-ending short squeeze part 2
Markets Technical analysis
A test drive has come: NASDAQ 100: Closed below 12480 daily will sign for more downtrend while stay above is appositive sign
Nasdaq analysis |
Are we facing a wave of exhaustion in the
markets, or are we in the midst of a bubble wave?
Throughout my years in trading (more than 20 years), I tend to stick to the technical side of trading, this has proven itself more than once
Technically we are in a kind of bubble without any shadow of a doubt - the
markets are in insane euphoria that does not stop, but .... does that justify
it?
Covid 19 is gone?
Employment at its peak?
Countries debts at a low?
Corporate profits at their peak?
What I see today when I open charts, is something I have not seen for many years
In
November when the Nasdaq was at 11,600 points I was talking about
It
seems that we are before breaking records - what should we expect
new
highs to areas of 13700- 14200 - 15200 points are on the way?
At the end of December, we re-examined the Nasdaq index again
The sloping picture of the gains on the graphs scares me
Markets analysis |
I want to show you also one of the biggest stock on the NASDAQ index and its apple stock
We can see over their ABCD Bearish pattern – target are 108 or 99
Need to watch closely
Apple stock analysis |
one more thing on patterns – diamond pattern in DOW JONES index performed
Dow Jones analysis |
and for the finale let's check the SP 500: long trend support stay in 3580+_
SP 500 analysis |
This review does not include any document and/or file attached to it as advice or recommendation to buy/sell securities and/or other advice
No comments:
Post a Comment