Eyes do not see what the mind does not know: Nasdaq perspectives
This iis the 4 hour chart of the Nasdaq. This depicts the Accumulation, Manipulation and Distribution pattern of the market makers. The Price was held in consolidation for 2 months while the semiconductor stocks were working off their overbought conditions and other stocks like the MAG7 stocks, IGV stocks and healthcare stocks were accumulated. Once enough accumulation has taken place, then the market is manipulated down creating fear and making longs sell their positions and at the same time induce shorts.
The price is then reversed and here there is not time to get long or exit short positions, the price continues upwards without stopping. By doing this, the market makers have done their job. Their job is to provide liquidity and they have provided to both the buy side and the sell side but the conditions in which this happen is in their favour.
However there is one caveat to this. We still have not confirmed this AMD pattern. It will be confirmed if we close above the weekly open at around 28530. We have given these levels before. Please see previous commentary. So today we watch if price can close above the weekly open. If this happens, then the liquidity at the top will be taken.
This is the 1 hour chart of the week. The price gapped up above a support level and induced people to go long. Then price was aggressively moved down and then price was in consolidation where more accumulation happened and then the price price was manipulated further to the 2.5 std deviation projection and then moved aggressively up which is the distribution. It is important to remember that the Market did not go up on good news from earnings. The Earnings news was used to deliver the market maker objective. That’s why we say Eyes to not see what the mind does not know.
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