Friday 23 February 2024

Nasdaq 100 Index: Hitting targets as AI FOMO rally keeps the party going! Index recently hit the 17176 targets! Next targets 18000/18233.

 Nasdaq 100 Index: Hitting targets as AI FOMO rally keeps the party going! Index recently hit the 17176 targets! Next targets 18000/18233. Beware consolidation and P&F chart reversal risk to signal the end of the current rally! AI expectations keeping the party going and going!




S&P500 Index AI driven rally hitting P&F targets @ 4902/5001 and close to 5101 with next target 5152. Beware consolidation/reversal risk close to targets. Party like its 1999!

 S&P500 Index AI FOMO driven rally hitting P&F targets @ 4902/5001 and close to 5101 with next target 5152.  Beware consolidation/reversal risk close to targets. Party like its 1999! 



Thursday 22 February 2024

NVDA: Blast off after a great earnings result. NVDA getting closer to 785/793 upside P&F targets! 809/834 not far off! AI party party time!

 NVDA: Blast off after a great earnings result. NVDA getting closer to 785/793 upside P&F targets! 809/834 not far off! AI party party time! Beware any consolidation and P&F chart reversals to signal the end of the rally and a period of consolidation. 

Bumper earnings report! 





Thursday 15 February 2024

BITCOIN Cloud Chart rebound rally getting closer to next target resistan...

BTCUSD Bitcoin reached the 50000/50500 & 52000 P&F targets after a strong rebound from support at 38000. Next upside targets are 53500/56500!

 BTCUSD Bitcoin reached the 50000/50500 & 52000 P&F targets after a strong rebound from support at 38000. Next upside targets are 53500/56500! Beware any P&F chart reversals to the downside to signal the end of the current rally and a consolidation at support zones before the setup for the next advance! 









Looking intraday chart, there is a cluster of targets around the 54250/55250/55500 zones! 

Could see a consolidation around these targets once met. Beware any major P&F chart reversals to the downside to signal the consolidation period. Trend line support zones possible rebound zones!




Wednesday 14 February 2024

NDX100: Consolidating after hitting 18000 P&F target! This comes soon after hitting 16700/17000/17200 targets. Seasonal downside consolidation risk down to 17400/17200/17000!

 NDX100: Consolidating after hitting 18000 P&F target! This comes soon after hitting 16700/17000/17200 targets. Seasonal downside consolidation risk down to 17400/17200/17000!  Next upside targets after consolidation is 18100/18200/18300!









Beware Q1 seasonality!




NDX 100 Index still following seasonal patterns. It is doing what it does this time of the year! So far so good!

 NDX 100 Index still following seasonal patterns. It is doing what it does this time of the year! So far so good! Here the 40 year and 20 year average annual seasonal patterns to compare to the current rally.