Market Analysis: Shifting Trends and Crucial Turning Points in the Nasdaq Index.



The Nasdaq index has been in a bullish zone for the past nine days. It entered the bullish zone nine days ago and has been on an upward trend since then. However, starting from last Thursday, there has been a shift to a correction trend, which has continued until today, October 18th. Particularly, yesterday, there was a sudden decrease in selling pressure and an increase in buying pressure, indicating a potential entry point for the resumption of the upward trend. This led to expectations of a short-term upward movement for the next 2-3 days.

However, today, selling pressure suddenly surged, leading to a failure in the continuation of the upward trend. The market seems to have reverted to the previous correction trend, indicating a potential signal for a strong downtrend starting next week.

Up until yesterday, there were expectations of a short-term upward trend, followed by a strong downtrend starting next week. However, concerns arose due to news of 'Additional Sanctions on Chinese AI Semiconductors - Ban on the Export of Low-End AI Semiconductors,' the 'Explosion at a Hospital in Gaza,' and escalating tensions in the Middle East due to Hamas and Israel's truth battle, leading to a sharp increase in oil prices.

These events, combined with changing market sentiment, resulted in a significant increase in selling pressure in the US stock market. Analyzing these shifts in supply and demand, it is expected that the daily trend of the Nasdaq will soon enter the bearish zone. The overall trend has now shifted to a downward direction, unlike yesterday's analysis. (Refer to the updated TQQQ analysis from yesterday. https://www.pretiming.com/2023/10/analyzing-tqqq-navigating-current.html)

Due to these changes, it is anticipated that the Nasdaq daily trend will soon enter the bearish zone, indicating a prolonged period of bearish movement. Therefore, this is a crucial turning point for investors to carefully consider their investment strategies.


Oct 18, 2023

◆ Closed price

13,314.30

-1.62%

　

　

◆ Appropriate Investment Position: Bullish-Buy [Long-term strategy]

◆Today's Buy-Sell intensity analysis

The current trend appears to be 'Correction trend'. The OPEN-price started with a stronger decline rate than the current trend and The HIGH and LOW prices are showing a weaker HIGH-price and a stronger LOW-price Finally, the CLOSE-price closed with a stronger decline rate than the current trend.

The overall buy-sell intensity indicates that the sell intensity is stronger than the buy.

Assuming that the average sell intensity is -100%,

Today's sell intensity is

-271%

 

 

◆ Tomorrow's Buy-Sell intensity Prediction

Based on recent market trends and technical analysis, it looks like NASDAQ will enter an Uptrend tomorrow

The %intensity of Risk & Return tomorrow :

-2%

HIGH ~ LOW % range tomorrow :

0.2%

-0.6%

Predicted Average return over the next 3 days:

0.2%

 

 

 

 

 

 

 

◆ NASDAQ stock market 10 Day prediction [Short-term strategy]

It is expected that the overall trend movement over the next 10 days will follow a descending rectangle pattern, with a ratio of 8 : 2 for the downward to upward direction, indicating a higher proportion of the downward trend. And, in terms of the expected strength of the upward and downward movements, the downward strength is somewhat higher, while the upward strength is moderate. Currently, it's in the midst of a correction trend in a downward-trending market with a box pattern of price fluctuations, marked by small increases and downward fluctuations. and The Buy-Sell intensity has changed from a weak selling flow to a suddenly strengthening selling flow.

Indicating that We are currently in a bullish zone. Therefore, it is recommended to implement a strategy to increase profits and take a suitable investing position. A suitable investing position is 'Sell(Bearish)' for now. The appropriate buying timing is predicted to be either today or tomorrow.

The buying date is

Oct 19

 

 

A good price to buy a stock:

$ 13,258.48

And the appropriate selling timing is predicted to be in 4 days.

 

The selling date is

Oct 23

to

Oct 24

A good price to sell a stock:

$ 13,457.98

(Prediction may shift due to changes in the Buy-Sell intensity)

◆ Volatility of Prediction

Due to sudden changes in Buy-Sell intensity that can cause instability in trend linkage, pretiming predictions can be highly volatile.

◆ Prediction the turning point of the trend

The probability of a trend reversal occurring approximately 8 days from now

59%

◆ Prediction of Upper~Lower price range over the next 10 days

Price:

13,097.23

~

13,405.30

% Change:

-1.6%

~

0.7%

Median price between the upper and lower prices

13,251.26

-0.5%

◆ Analysis of the trend zone & level% and average intensity of trends

For the last 30 days, the average trend zone & level%

Bearish

-10%

The Current trend zone & level%

Bullish

29%

The expected average trend zone & level% for the next 10 days

Bearish

-9%

If the trend moves upward from the current trend level%, it's expected to have an average upward strength of

37%

(Max 100%)

And if it moves downward, it is expected to have a downward strength of

-56%

(Min -100%)

◆ Prediction the intensity of the trend and the range of the HIGH ~ LOW

Trend

%Intensity

HIGH

LOW

In 1 day: Entering an uptrend

-2%

0.2%

-0.6%

In 2 days: Entering an uptrend

50%

0.7%

0.0%

In 3 days: Entering an uptrend

15%

0.1%

0.0%

In 4 days: Downtrend

38%

1.1%

0.0%

In 5 days: Downtrend

-93%

0.0%

-1.5%

In 6 days: Downtrend

-73%

0.0%

-1.2%

In 7 days: Downtrend

-98%

-0.1%

-1.4%

In 8 days: Entering a rebound trend

-22%

0.2%

-0.6%

In 9 days: Rebound trend

45%

0.7%

-0.1%

In 10 days: Entering a downtrend

-48%

0.1%

-0.5%

◆ Average closing price in case of rising:

 

0.8%

=> HIGH ~ LOW range:

1.1%

~

-0.3%

◆ Average closing price in case of falling:

 

-0.8%

=> HIGH ~ LOW range:

0.3%

~

-1.0%

The 10-day prediction and technical analysis of the NASDAQ index are conducted based on the analysis of buy-sell intensity by the pretiming analysis. This analysis provides detailed information on various aspects, including the best stocks to buy, stock price targets, and investment strategies. It also includes bearish and bullish stock trend analysis as well as stock technical analysis.


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