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Upcoming Key Events Note the week of March 18 is going to be intense. NQ very like heading into a bear market In my last post from January 20, I wrote: "The bull trend started in late 2022 for NQ. Chart data tells us that we've been through the following bull cycles. 12/27/22: NQ Weekly Chart Bull Trend started. 12/27/22 -7/19/23: 1st Bull Cycle within Bull Trend. 10/27/23 - 3/4/24: 2nd Bull Cycle within Bull Trend. 4/22/24 - 7/1/24: 3rd Bull Cycle within bull Trend. 8/5/24 - 12/18/24: 4th Bull Cycle within Bull Trend. Stock cycles typically peak between 4th and 5th bull cycle in the bull trend. NQ is now in that transition period." NQ transition period is still happening and is now leaning more bearish. VIX and VVIX are confirming bearish transition Keep an eye on VIX 200-day EMA green line. It is starting to go up just a tad. If it starts to rise steadily, the bear market is officially on. Recall I also wrote about VVIX CTC pattern (Coiling Towards Catastrophe). This is where VVIX 20-day EMA blue line coils tightly around a slightly rising 200-day EMA green line, setting up for a big VIX surge. Note how VVIX EMAs are currently forming this pattern in its daily chart below, similar to previous surges. However, a bear market BOUNCE is coming VIX daily chart is forming a short term top. This is confirmed by its daily MACD signal, showing VIX is likely to drop a bit this coming week. NQ short-term S/R levels NQ 4-hour chart below shows it is starting to form a base for a quick bounce. Its MACD signal is basing to rise, confirming this short-term bullish setup.
Disclaimer The information presented here is our own personal opinion. Consider it as food for thought. We are not offering financial advice. We are not promoting any financial products. We are not registered financial advisers or licensed brokers. We make no guarantee that anything will unfold according to our projections. You are proceeding at your own risk if you follow our trades. |
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