Yesterday $NASDAQ 100 Index (.NDX.US)$ closed with a black i...
Yesterday $NASDAQ 100 Index(.NDX.US$ closed with a black inverted hammer. 92% of retail investors are currently bearish with only 8% bullish through research data.
Black inverted hammers are usually a trend reversal sign. We could very well get that relief rally coming for the next 2-3 days. As it seems $E-mini NASDAQ 100 Futures(JUN4)(NQmain.US$ is already 1.7% positive at the time of this post and $E-mini S&P 500 Futures(JUN4)(ESmain.US$ is up 1.4%.
There are also important data shown in the video which supports this relief rally/larger rally coming this week.
Stocks tagged also have their technical analysis done in the video! So watch it now!
As always, trade safe & invest wise!
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$CBOE Volatility S&P 500 Index(.VIX.US$ $VIX Index Futures(MAY4)(VXmain.US$ $ProShares Ultra VIX Short-Term Futures ETF(UVXY.US$ $S&P 500 Index(.SPX.US$ $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $Meta Platforms(META.US$ $Advanced Micro Devices(AMD.US$ $NVIDIA(NVDA.US$ $Alibaba(BABA.US$
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Silverbat : Thanks "101". The NAZ "black inverted hammer" was noticed by HK markets last night, opened hi, go hi, close hi
dwarrior : Vix is still there to hold the “relief”
BruceLin8 : I hope it’s 2-3 days , not 2-3 hours .
Investing 101OP BruceLin8: we went short at the high of today. 15mins and 30min chart was bearish.
BruceLin8 Investing 101OP: But confused…. You said 2-3 days up?!
BruceLin8 Investing 101OP: There are also important data shown in the video which supports this relief rally/larger rally coming this week.???
Investing 101OP BruceLin8: yup supports a relief rally. so far NQ hasnt broken lows yet. it can still come. we shorted the high today because it was bearish. We had to take that move down. turns out it was larger than we expected.
Investing 101OP BruceLin8: you have not watched the video right? it hit one of the resistance I stated.
BruceLin8 Investing 101OP: Watched, but it likes you said can go large up 2-3 days. the resistance should be broken. I know how to see the resistance by myself as well, that is easy. The hard one is you analyze it can be broken or not.
Investing 101OP BruceLin8: I got share the resistance I feel it will get rejected at. it hit the 1st one.
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