Month: March 2022
The volatility index for Nasdaq100 is Bullish. Today, 30th of March, 2022—I learnt about co-relations. The Nasdaq100’s Volatility index can be an added confluence because it measures the uncertainty of the Nasdaq100. When there’s uncertainty, it’s bullish—the Nasdaq100 is bearish, and if there isn’t any uncertainty, but, rather: hope or optimism, The VXN (Volatility index of Nasdaq) will be bearish whilst Nasdaq: Bullish. A lesson to keep in the box. Also, the high-impact news releases. The news release for yesterday proved itself to he right. What does this mean? On my yesterday’s, “Nasdaq what now” stream, I remember castigating the fundamentals for being a scam—I was wrong. These readings, however, shouldn’t be traded alone but, They should not be ignored either; as they serve for a great addition to one’s confluences.
Kim Krompass is the founder of PATI (Price Action Traders Institute). The Californian licensed Certified Public Accountant owned a very successful recruiting business in 1996-2001—has an Undergraduate’s Degree in Economics, and a Master’s Degree in Business.
That being said, Kim has always been interested in the markets since her CPA days. However, she dived into the Trading industry in 2001–from stocks, to options, and commodities, she did all. Not until 2004, after retiring from her previous job, Kim discovered the foreign exchange market. But, things changed when the global financial crisis happened in 2008.
She lost a lot of money and found out her, once profitable strategy, no longer worked so well. Kim took a long break to give herself time to think about the future of her trading career. She took the plunge and learned price action trading.. Furthermore, in 2012, Krompass discovered PATI.
Nasdaq bulls are succeeding! I mean, most of the anticipated resistance in last week’s chat.. Have all broken and turned into support. On the 240, you can see the clear uptrend (higher-highs and lows)—However, there’s a wedge and bearish divergence. Furthermore, the Nasdaq 100 has been respecting said, “wedge” through-out last week. A possible 15,000 coming through. But, the usual “buts”.. This particular “but” is that of: a higher-low daily creation.
Remember I talked about the fact that we’ve got the bulls in the market—hence we need higher-lows to confirm their validity. Well, this might just be it.