What To Expect!
Who’s In The Nasdaq And What Are They Doing?
Nasdaq daylight savings or should I say the US market’s daylight saving has been changed. It’s 13th March, 2022 and the market opened by 23:00. One for the history books. I’ve never been able to keep track of these daylight savings. Anyway, that aside. Last week, I talked about the 3-ways and what to expect from the Nasdaq100. The wicks were all filled last week even the bulls were not left out of the fun. They took to market back to previous highs at:13800. However, my weekly bearish points (12800-12400) are still valid.. Nasdaq is currently at 13300 and we’re in the second of March. The main question is: are the bears down?
In addition, after last week’s success, I feel more optimistic about my biases—with Ndx’s direction this week.
The bullish 3-way that was visible last week, is a little compromised. The bears have been able to hold their own so far. Furthermore, I still can’t ignore the bulls leaving signs around. On the 240 (4 hour time-frame), There’s a double top formed on Friday, before the market closed last week. That double top however is headed to 13200 where the bulls are overly dominated. Hmm, I’m now curious. Ergo, if the bulls aren’t strong enough, then the weekly bearish spots will manifest.
Finally, There’s a little twist to all this. The bears are going down a wedge. Albeit, there’s a visible falling wedge which could be broken any-time soon. That is, the bulls are definitely prepping for a major come-back. My mark is on: 14400. If broken, “well, hello—bulls”.
Nasdaq 100’s High Impact News
In conclusion, Monday is a free day (no news). However, this week’s high impact news are as follows:
- Tuesday 15th of March, 2022,The producers price index takes place by 13:30.
- Wednesday 16th of March, 2022, The retail sales takes place by 13:30, The federal funds rate and FOMC takes place by 19:00, and around 19:30, There’s the Fed Press Conference.
- Thursday 17th of March, 2022, The building permits and housing starts by 13:30. Finally,
- Friday 18th of March, 2022, The existing home sales begins at 15:00
Don’t miss Nasdaq’s what now episodes. Stay safe!
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