NASDAQ under the microscope

2022년 2월 22일

Was just looking at the NASDAQ futures and the price actions over the market holiday yesterday amidst the hype and concerns over Russia-Ukraine issues.

In the NQ1! 4H chart, recent multiple failures of the 55EMA (4H and Daily) technically projected downside for the NASDAQ (amongst other equity indexes). There appears to be a cyclical fear pattern over the last month, and in this current cycle, it should peak down today. Am expecting a spike down type of peak, that tests the support, breaks it somewhat and then a likely rebound ensues (as previously posted that NQ1! should be testing support).

That's what the technicals are hinting to me anyways. There is a near support, but I am looking at possible spike down to 13,000 in the coming days.

Longer term still looks volatile, and longer term target is still lower for now. Absolutely plausible for a major DCB and then a massive turn of events.
I do have a date in mind though... 10 MAY 2022. Watch that date!

Stay safe and well!!!

2022년 2월 24일

노트

Just about a hairline to 13K just now... the cyclical pattern may have been disrupted btw.
When the market opens in about 8 hours... it would be interesting.

2022년 2월 25일

노트

Spiked down CHECKED
Rebound CHECKED