$NDX - Nasdaq Support and Resistance Levels to Watch
NDX probably will see a lower low within a week, but the index is near support. Technically it's a test of support that looks likely. Markets are choppy now looking to find and test supports.
2hour Chart
SPX I am expecting a retest of Friday's low and run to 4,000.
NDX I have it shown on the chart. I know it's faint. Yellow. NDX is a little weaker than SPX so expect a lower low from Friday around 12,000 give or take and then yes it'll run.
David Hunter calling for aggressive targets... not sure in timeline. You can view his comments on Twitter. Here is a copy and paste.
It is amazing to see so many great set-ups this late in a bull cycle.The Nasdaq, tech stocks, gold & T-bonds are all very oversold & at important inflection points.All should have great runs just ahead. Nasdaq to 17,000, gold to 2500 & the 10yr to .95%. Wow, just wow! Historical.
I also saw a post on Twitter showing a chart of seasonality average over time on the S&P500. March is volatile, but April should be big on the upside. However, these are not normal times. So take it with a grain of salt
Tomorrow could be a good day to exit.
ReplyDeleteSPX retest of the low is coming I think within a week.
ReplyDeleteA retest of what low
Delete666... heheh
Deletejokes
Lol
Deletesami,
ReplyDeleteYou been around a long time to remember that---I think he is looking NDX 12000
SC,
Please clarify?
SPX I am expecting a retest of Friday's low and run to 4,000.
ReplyDeleteNDX I have it shown on the chart. I know it's faint. Yellow. NDX is a little weaker than SPX so expect a lower low from Friday around 12,000 give or take and then yes it'll run.
NDX could see an up day tomorrow. That looks that it would be a spot to exit and reload around the 12k.
ReplyDeleteLong tqqq at 80.15
ReplyDeleteLong tqqq at 77.65
ReplyDeleteThere's the bounce as anticipated but notice Financials are down.
ReplyDeletenasdaq100 12800-12100-13000?
DeleteCrude oil, when do you expect the top?, we will see 70?
ReplyDeleteWe are close Charles
Deletesc,
ReplyDeletehave we bottomed ----or down to Friday?
Sold tqqq84.95
ReplyDeleteSC.. you still think we're going to retest the lows?
ReplyDeleteSeems far fetched no?
Yes it's coming...
Deletemy thoughts exactly
ReplyDeleteDavid Hunter calling for aggressive targets... not sure in timeline. You can view his comments on Twitter. Here is a copy and paste.
ReplyDeleteIt is amazing to see so many great set-ups this late in a bull cycle.The Nasdaq, tech stocks, gold & T-bonds are all very oversold & at important inflection points.All should have great runs just ahead. Nasdaq to 17,000, gold to 2500 & the 10yr to .95%. Wow, just wow! Historical.
The Golden Age of trading Barca!
DeleteI also saw a post on Twitter showing a chart of seasonality average over time on the S&P500. March is volatile, but April should be big on the upside. However, these are not normal times. So take it with a grain of salt
ReplyDeletehttps://twitter.com/mikepsilva/status/1369119289479897090?s=21
Traders market brother
ReplyDeletesc,
ReplyDeletea little direction ---would be nice---looks like sell- off ---at the end of the day?
sc,
ReplyDeletekodak is moving nicely---but is NDX--double bottom going to hold???
Kodak nice run but plan to exit soon. Earnings March 16th.
Deletesc,
ReplyDeleteI thought a sell off into the end of the week?
SPX having a good week as expected but I think yes it will run into difficulty this month.
ReplyDeleteMy focus is shifting to Oil next...
ReplyDeleteSPX is quiet. OIL charts coming.
ReplyDeleteHow high do you see UVXY going on this down move?
ReplyDeleteUnder $5. UVXY needs to capitulate.
DeleteBut UVXY reverse split is likely coming soon.
DeleteNew chart posted!
ReplyDelete