Technical Analysis on .SPX, NDX& DJI

MasterWU
2023-12-20

Hello everyone! Today I want to share some technical analysis with you!

1.

The Freight Train is still charging forward: $S&P 500(.SPX)$

(1) I was wrong about the correction--still humming and churning.

(2) stopped out my short with loss--will control my itch of getting in, until the final target & turn date.

(3) notice that UVXY is rising too. Interesting.

ImageImage

2.

NDQ ATH at 16800: $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$

(1) for those who haven't noticed, NDQ--Nasdaq 100 just made an ATH td.

(2) quite a round-trip journey, taking exactly 2 years--you may call this Double-Top, or else.

(3) for EWT, the bearish count from Nov. 2021 is officially dead. DJI did this a few days ago.

ImageImage

3.

The Titanic Pattern: $DJIA(.DJI)$

(1) DJI's flying-higher, [quasi-erection] pattern reminds me of Titanic's "head's-up" posture before the eventual sinking, figuratively and literally.

(2) need to touch 38000 to keep a perfect equality, though. So, still have time and room to suck more in.

ImageImage

4.

Melt-up Comparison Update--waiting for the firework and a BIG GAP-UP. As I tweeted weeks ago, how will this blow-off top end? Well, "basically, the angle of the rise is getting steeper, until a big eruption and reversal"--most likely, on the same day. We all watch this movie now.

ImageImage

Follow me to learn more about analysis!!

https://twitter.com/MasterPandaWu

Macro Trend
Monetary policy, various types of price indices... Here is everything about the macro economy!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment
10