US 100 Cash CFDLong
Nasdaq 100 Whales swimming north
The Nasdaq 100 index is currently showing signs of a bullish trend, which suggests that we may be seeing the beginning of a bull market rather than just a rally in a bear market. In this report, we will analyze the technical indicators and fundamentals that support this trend.
The Nasdaq 100 closed above the important long-term trend line of the 200-week moving average last week. Additionally, the price was above the downside resistance line, which the index had reversed several times last year. These signals were viewed as weak, as the move was formal, but the rally has continued, confirming buyers’ confidence at current levels.
Yesterday, the Nasdaq 100 closed above its 200-day moving average, further confirming the long-term trend reversal. However, the excess is nominal, leaving room for doubt. If the index can close above 12000 by the end of next week, it would pave the way for 13000 by the end of the first quarter and 13600 by the end of the year.
When analyzing the Nasdaq 100, it's important to consider earnings reports and guidance from companies in the index, economic data, and global events that could affect the stock market. Additionally, monitoring the overall sentiment of investors and analysts, as well as the level of volatility in the market, are also important.
Based on the technical indicators and fundamentals, a bullish trend is forming on the Nasdaq 100. However, it's important to note that the excess is nominal, leaving room for doubt and it's important to look for confirmation next week when Powell speaks. Additionally, it's always important to consider other factors such as economic data and global events that may affect the stock market.
The information provided by LewkP is for educational and informational purposes only. It should not be considered financial or investment advice. The analysis presented may not be suitable for all investors. Any opinions expressed in this analysis are solely those of LewkP and do not represent the opinions of any other party. LewkP does not provide financial advice and any analysis provided should not be used as the sole basis for making investment decisions. LewkP does not intend for the analysis to be used for intraday trading. LewkP advises that any trading should only be done with caution and only by individuals who are fully in control of their emotions and have a high risk tolerance. LewkP is not responsible for any losses incurred as a result of using the information provided.
The Nasdaq 100 closed above the important long-term trend line of the 200-week moving average last week. Additionally, the price was above the downside resistance line, which the index had reversed several times last year. These signals were viewed as weak, as the move was formal, but the rally has continued, confirming buyers’ confidence at current levels.
Yesterday, the Nasdaq 100 closed above its 200-day moving average, further confirming the long-term trend reversal. However, the excess is nominal, leaving room for doubt. If the index can close above 12000 by the end of next week, it would pave the way for 13000 by the end of the first quarter and 13600 by the end of the year.
When analyzing the Nasdaq 100, it's important to consider earnings reports and guidance from companies in the index, economic data, and global events that could affect the stock market. Additionally, monitoring the overall sentiment of investors and analysts, as well as the level of volatility in the market, are also important.
Based on the technical indicators and fundamentals, a bullish trend is forming on the Nasdaq 100. However, it's important to note that the excess is nominal, leaving room for doubt and it's important to look for confirmation next week when Powell speaks. Additionally, it's always important to consider other factors such as economic data and global events that may affect the stock market.
The information provided by LewkP is for educational and informational purposes only. It should not be considered financial or investment advice. The analysis presented may not be suitable for all investors. Any opinions expressed in this analysis are solely those of LewkP and do not represent the opinions of any other party. LewkP does not provide financial advice and any analysis provided should not be used as the sole basis for making investment decisions. LewkP does not intend for the analysis to be used for intraday trading. LewkP advises that any trading should only be done with caution and only by individuals who are fully in control of their emotions and have a high risk tolerance. LewkP is not responsible for any losses incurred as a result of using the information provided.
discord.gg/a7sfTVkgxc
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I’m part of a free Discord group where we help each other navigate the market and overcome trading challenges. It’s a friendly, supportive community, with members from around the globe.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
discord.gg/a7sfTVkgxc
I’m part of a free Discord group where we help each other navigate the market and overcome trading challenges. It’s a friendly, supportive community, with members from around the globe.
I’m part of a free Discord group where we help each other navigate the market and overcome trading challenges. It’s a friendly, supportive community, with members from around the globe.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.