Nasdaq Bearish Short Term( Will drop to 13800-14500

8 Eyl 2023

My long Trades are open and active, since 11449. and I have ome open hort trades above 15675, to hedge ome long, and make some profits in between. So its everybody´s game.

This is short term plan for short trades only. This trade plan will lose its validation as soon our profit target hits, or the stop.

Thes Target Levels are on my Trading Plan:

14932
14810
14595
A break below 14595 will drop Nasdaq quickly to 14309 zone(high of this zone is 14431 and its low is 14241)One reahed this zone the gap is completely filled .But Remember:
We have another open Gap at 13850which is strong bullish zone. Next week the eollover ontracts will create a new gap. IF nASDAQ REAHES THE GAP BEFORE THE ROLL OVER TIME , and hunting the upper gap 15950-15850, we will experience a third drop down to reah this new gap again, maybe before the year 2024 begins. If not , March 2023 will be high crashing month for Nasdaq.

Also the current FED omments, fast economic growth, low labour market data news, will increase the risk that we will see the 14000 zone in Nasdaq soon again.


To reach higher highs, is not a one way map.
The advantage of Nasaq is that we have high chances to close also this gap in September or maybe October 2023, what I would give a 60-70% chance.

If done so, There is no way to stop Nadaq to 17000 direction.

Before it happens: All 2 condiction must be confirmedand
All downgaps have to be filled first.

Neither FED nor any economic data,weather positive nor negatives would stop Nasdaq...

10 Eyl 2023

Not

Soon negative News NVIDA will be reported

11 Eyl 2023

Not

Market Updates:

Monday and Tuesay no news, but Possible Pre Trend trading
Wednesday PI
Thurseday PPI
Wednesday Bon Aution 10 am.

U opened High to poibley reeah Higher Gap first. Above 15416 Long bias, Targets are 155200 1550,15850,15950,16050 Below 15416 Bearish Possible Retraement at 15250,15150,15050

urrently (8:30NY ) Nasdaq is above 15416 so bullish bias.

On Friday we have Ontrats rollover, and we will have 3 oßen gaps, if non of the gaps fill this wee

12 Eyl 2023

Not

Below15416 SHort Target 15280,15150,15050,14500

13 Eyl 2023

Not

As yestreday forecasted (See updazes above) We have reached short targets and levels. Today if cpi and tomorrow ppo are bearish we will see soon the next levels down 15150,15050,14950 14850 target ultimo is 14500

15150 could be a rtracement level

Also today 10 a.m. Bonds auction, that could create a sharp peak

14 Eyl 2023

Not

Gap 14500 still unfilled
It seems we direct Gap up 15850-155950 first. current state bullish, But be aware of the next week

12 Eki 2023

Not

4H trend bullish
180 m bullish
120 min. bullish
30 min bullish

Strategy Short Bearish
Reasons:
Although during the last days the short term trend turned green, we stay confident an continue with our Selling strategy

The last 3 days spike has some fundamenal reasons:
Israel war: Israel has huge amounts of Financial reserves. The youngest attacks on Israel caused the pressure of Shekel, so the Cetral Bank of Israel started to sell US Dollar to also fund the economic and war economic ressources.. That caused short term selling of the US Dollar

Fundamental reason are bearish, also the fear of possible middle east extentions caused FED to possible pause the rate hikes. The FED rates sentiment is not changed for November, but changing slowly for December.

This condition can be changed.

The last spike was caused by Tech stocks,insider buys. The pci was bearish, todays ppi will show more details.

Fundamental reason 2: The gap below 14500is not filled(Very important)
More importantly The volume profiles of the last days are all Bearish and signalized Bulltraps. Also yesterdays target VP is bearish.

Surely trends can be changed and there are no sometimes no logical factors that aprove the market sentiment

Currently if there are no news, or no news and no bad news, people start panic buying. Sonner or later than will cause massive drop down into the gap directions(15890 and 14500) Also The Daily chart is showing no logical supply demand zones(the supply demand zones are more intuitive and individually) That is the reason
that classical price action thoughts are failing too often.

Interestingly there is one indicator that is showing consistent but slowly accuarte signals: Stochastic. Since over 13 weeks the indicator is bearish, and the current state of the market is confirming it. Therfor we stay short, solong our stochastic indiccators are bearish.

That way we interprete the short term bullish trend ,as bulltrap trend in a Mi-longterm Bearish trend.

For Day traders: Sell the High od the day, but look for reversals, and only if the next possible Resistance of your higher TF cannot break.

For trend traders: Take profit if the Bearish near term Trend is changing, but stay with the Major trend(Bearish) The major trend is above 15680 bullish.

Howlong the next bullish trend lasts is dependend on global economic macros.

To the south there is more space to fill, and also a brea of the gap will create big volume and space to the next possible support at 13200.

The gap has been tested 3 times. The next gap fill whcih is the forth Test, significantly is an aproval how important this level is, and that bears try all their enrgy to break that level.

If the middleeast war involves the U.S.A., the Dollar will rise very high ,also Gold, While the Stock markets will drop fast and very deep.

12 Eki 2023

Not

PMI Bearish goo for Dolalr
Be aware of Bulltraps.Weekly Pivot 15300-15300
Resistance too strong bearish

Look for reversals

12 Eki 2023

Not

AS I said stay short

sentiment bearish
data bearish
there are scammers who tell ya buy.
Ignore them

Bulltraps

Short selling bearish trend
Good luck

12 Eki 2023

Not

Escalation in the middle east
FED Balance below expeted thats good for us dollar
us dollar getting much more stronger
insider buys tech
Bulltraps:
Strategy

Only take short trades! After breaking a lvel take partial profits if trend traders
if day traer tae full profit
when divergence
look for russle and sp500

We connue with our winning strategy
Trend followiers have lost big money

Currently Divergence is king

13 Eki 2023

Not

US100 short

Based on AFPand yahoo news . Iran seems to think the priority is to take the fight to the Israelis first
Saudi Arabia puts Israel deal on ice amid war, engages with Iran, sources say
If socurrently Oil and commodities jumping higher, that will cause hiigher US Dollar, and dropping Indices down..