Goodbye NQ 10,000

Equity markets have topped. The overnight action is dictating this. I am thinking a big correction now. Take it down 20% through Q3. (If NQ cannot maintain above 10K, which it cannot as we have seen, we're blowing off this top, bigtime.)
 
10k sucks I trade NQ volatility is way down and just keeps stalling nice moves up on heavy selling right at 10k.

DAX is doing a 30pt move, YM 80pts and NQ barely 10.
 
Overnight said:
Equity markets have topped. The overnight action is dictating this. I am thinking a big correction now. Take it down 20% through Q3. (If NQ cannot maintain above 10K, which it cannot as we have seen, we're blowing off this top, bigtime.)
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All free money yet again today, all before the markets even open. Nasdaq 10000 today and 10500 in July....11k ny August then a slow grind higher to 12000+ by Xmas
Same stocks will keep rallying with zero risk and all reward.
 
Es up 220 pts off the lows last Thursday . At one time i thought maybe we'd have a shot of seeing those march lows of 2176.Anything can happen but it looks like it might take an asteroid hitting the earth to do it. Even then the new 30 million day traders will be buying the dip. lol
 
hafez50 said:
Es up 220 pts off the lows last Thursday . At one time i thought maybe we'd have a shot of seeing those march lows of 2176.Anything can happen but it looks like it might take an asteroid hitting the earth to do it. Even then the new 30 million day traders will be buying the dip. lol
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Just wait until they announce another round of trillions in stimulus in the middle to late July and huge extensions to unemployment benefits, s$p will be back at historical highs like this collapse never took place, all because of the feds printing press
 
S2007S said:
12,000++++++++++++++++++ end of 2020

Once it gets solidly above 10k there will be no turning back. They will keep using the same exact stocks to keep the rally going. Have you not noticed the continous upgrades of all the heavy weighted stocks on a weekly basis, thats just to keep the market running up. All they need to do is keep the big names up 1-3% a week to keep the rally intact. Rinse and repeat over and over again..
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Yep and yet another fucking upgrade. Its as simple as simple can get. Each and every day they upgrade a heavy weighted stock to keep the rally going and going ...today's upgrade is once again going to Apple. Yep Apple all day long


Here are Friday’s biggest analyst calls of the day: Apple, Tesla, Slack, Oracle, Ulta & more
PUBLISHED FRI, JUN 19 20208:39 AM EDT
Michael Bloom





KEY POINTS
  • Jefferies raised its price target on Apple to $405 from $370.

 
S2007S said:
Yep and yet another fucking upgrade. Its as simple as simple can get. Each and every day they upgrade a heavy weighted stock to keep the rally going and going ...today's upgrade is once again going to Apple. Yep Apple all day long


Here are Friday’s biggest analyst calls of the day: Apple, Tesla, Slack, Oracle, Ulta & more
PUBLISHED FRI, JUN 19 20208:39 AM EDT
Michael Bloom





KEY POINTS
  • Jefferies raised its price target on Apple to $405 from $370.
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Stop complaining and start buying.
 
Just as i thought. Anotherrrrrr upgrade for apple. Each and every day they are taking the heavy weighted stocks and raising their stock prices. Rinse and fu×king repeat rinse and Fu×king repeat!!!!!


Here are Monday’s biggest analyst calls of the day: Apple, Walmart, Peloton, Gap, Marriott & more
PUBLISHED MON, JUN 22 20208:56 AM EDT
Michael Bloom





KEY POINTS
  • Cowen raised its price target on Apple to $400 from $335.



https://www.cnbc.com/2020/06/22/mondays-analyst-calls-apple-walmart-peloton-gap-marriott-more.html

https://www.streetinsider.com/dr/news.php?id=17029246&gfv=1
 
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Overnight said:
As you may have noticed, longing the overnight Asia session is no longer working. This is indicative of a top. I don't think even the Euros can save us from this new resistance. Bye bye NQ 10,000.
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What are your thoughts atm?
NQ @ 10028.
 
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