NASDAQ has been on a rally since end of March 2020, is last nightโs signal a so long waited signal before a reversal to the mean and possibly way to the abyss? Lets dig seep and analyze.
NASDAQ has been on a crazy run to the moon and bulls have kicked bears butts like drums. The charts has a very interesting signal called Stop and Reverse or SAR that has fired last night.
This signal is now in sync with the price that is breaking the uptrend line, LSMA pointing down and a potential double top. This doesnt look good for the bulls๐จ๐จ.
But it is not yet time for bears to dance in their fluffy furs. They better wait for more signals such as:
- breaking 50MA
- breaking at least one fib level
- breaking weekly SAR
Things are getting interesting from the charts point of view. I will keep you updated if anything changes. Stay tuned this weekend I may update you with more analysis on different indices such as XJO aka ASX200 and SPX aka S&P500.
Also stay tuned to my stock of the week coming out on Sunday.
Stay safe and close the week in green. Dont forget to smash the likes.
XTF
NASDAQ has been on a crazy run to the moon and bulls have kicked bears butts like drums. The charts has a very interesting signal called Stop and Reverse or SAR that has fired last night.
This signal is now in sync with the price that is breaking the uptrend line, LSMA pointing down and a potential double top. This doesnt look good for the bulls๐จ๐จ.
But it is not yet time for bears to dance in their fluffy furs. They better wait for more signals such as:
- breaking 50MA
- breaking at least one fib level
- breaking weekly SAR
Things are getting interesting from the charts point of view. I will keep you updated if anything changes. Stay tuned this weekend I may update you with more analysis on different indices such as XJO aka ASX200 and SPX aka S&P500.
Also stay tuned to my stock of the week coming out on Sunday.
Stay safe and close the week in green. Dont forget to smash the likes.
XTF