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NDX: Nasdaq 100 A good end to the week in storeNasdaq 100 NDX Reading 2578 now - can come back to 7569 on the open but should hold hold up here if the day is to remain a good one....think it will be after a twitchy start. Marketmakers need to try shaking the tree to get some stock on board...don't think they will shake out much though - which should bode well for the rest of the day if correct. A potentially great end to the week in store... *For fastest updates in real-time please see link, top-left of main page.
NASDAQ:NDXLong
by sumastardon
NDX Nasdaq 100 QQQ Possible Trading zoneI believe we may be near a market top, if you are like me you may be wondering where to sell. This is my attempt to analyze the current moves. I do think that the stock market is nearly in danger but that being said, it is definitely not a certainty that we have hit the top. I am not counting on any new highs though because in my opinion, we have already hit the high. I am looking for a bounce upwards from here which may occur over the next couple of weeks. In this analysis I have put some potential buy and sell areas, please see the chart. This is a 1 hour candle chart. I do think if we make a new short term low point it puts us in the danger zone. This does not mean I am advising you to sell - or to buy at that matter. It may still bounce back up. But if we are going that low, it is seriously concerning in my opinion. That being said, buying low is always safer than buying high, right? And if we just have a quick dip into the danger zone and it bounces above, it is not so worrisome as getting a 1 day candle close inside it. My longer term outlook for stocks is negative though. Even if we bounce back, I expect sometime this year to have a real crash, if not now. Be very careful for long positions. This is all just my opinion. What are your thoughts? I would love to hear from you. If you liked the analysis, please show your support by clicking like. This is not advice to buy or to sell. You should do your own research and make your own investment decisions.
TVC:NDQLong
by cedarfox
1
Nasdaq 100 Index: NAS 100 Next Buy and Sell points from hereNasdaq 100 Index NAS100 Although we managed to squeeze 299 points out of this short yesterday we could have got another 150 or so more had we stayed with it al the way down to the dynamic which has once again saved it. In doing so it has fallen 11% (6258 is 11% off the top, the low was 6254, not bad). A standard 'correction' runs to 9-11% and a bigger one 19-21%. So far, so standard. Am looking to buy the dip today towards the open looking for a rally to 6694 at least and maybe to 6787 at best before it falls away again. The dynamic below price is critical now to the overall uptrend staying in tact from here. It must continue to hold up all declines now. Any failure to hold this dynamic will tip Nasdaq into the hands of the bears and force us to switch from buying dips to selling rallies for the forseeable future. Do not expect this to happen, but need to remain vigilant to all possibilities and ready to reverse to short if this price action does develop this week from here.
FX:NAS100Long
by sumastardon
Nasdaq 100 Index: NAS100 Next Buy and Sell PointsNadaq 100 Index: NAS100 Next Buy and Sell Points The last 3 declines on Nasadq were 339, 357 and 345 points. This one is now 354 points, so far - par for the course. Nasdaq is now flipping within the boundaries of the two fixed lines of support at 6696 (spiking below here by 20 points to 6676) and resistance at 6786 (spiking above here by 19 points to 6807). It's therefore near term neutral whilst within this range. It has to fall below 6670 to trigger a short back to 6614. This level must hold up throughout this week. Any failure here will trigger a second short back to 6371 minimum and more likely to the 6231-6192 range. On the upside a move and hold above 6810 is needed to trigger a long to 6876-6890 where will look to close out if touched and then maybe reverse short with stops above 6910. So far this is a short, fast decline which matches the size of the last 3 - but the shape of this one doesn't suggest continuation as the others did. It's too sharp, suggesting it may well have further downside to run. Breaking lower to 6614 will become the biggest decline for 2 years - and signal that once broken the Nasdaq will test 6371 before it becomes a buy again from here.
FX:NAS100
by sumastardon
LTC/EUR bullish flag pattern formationLooking at the 2h chart, LTC/EUR has recovered from the cryptocurrency flash crash of some days ago (after a clearly visible reverse head-and-shoulders) and is now consolidating at around 86€, exhibiting a bullish continuation flag pattern. If price was to break past the resistance at 87.8€, the price could test the 100€ level (probably going higher, but since 100 is a round number, it becomes a psychologically important level to break). The RSI is showing higher lows while the price made higher lows, which seems to indicate that the momentum is not fading away. Also, the CCI hit 180 after the crash, which could indicate that the move is sufficiently strong. The CCI has then retraced inside the -100/+100 bands, but is still positive and looking like it will go up again (this will happen if there is actually a bullish flag pattern). On the other hand, if price was to break the support at 86€ (it would have to close lower, like 85€), the price could fall till the nearest support at around 80€. Any comment is appreciated!
Long
by Andratos95
Nasdaq 100: NAS100 Last resistance below 6550 NASDAQ 100 Index NAS100 One impulse wave travelling inside a second larger wave. The smaller wave begins with the end of seasonal summer doldrums towards the end of September, with two strong sections (or smaller waves) of 300 -340 points each with a third wave now in play from 6250 - and a fourth likely after that, before the thrust and power of this wave is spent. However in the very near term this index is pushing up against the upper parallel of the larger medium term wave, so if it's going to encounter resistance at any point between the upper fastest-rising parallel and the slower rising medium term parallel it's touching now, it's going to be here. At worst it will knock Nasdaq back to 6374-6371 where it becomes a buy again with stops under 6395. And if Nasdaq remains strong in the face this overhead resistance and can find the buyers to beat that resistance line, touching it now at 6410, it will likely power much higher still, rallying hard to touch the upper parallel (rising at the extraordinary speed of 260 points per month) at about 6550 -- 6600 in a couple of weeks' time. Would be more 'normal' for it to come off a little prior to Christmas rally kicking in come December. But if it does it should only come back to 6374--1 so look to buy on weakness with stops below 6395. Alternatively a move through the line at 6410 now followed by a successful near term retest can be followed for a test of the uppermost parallel at 6550ish (depending on when struck. Each encounter with the fastest rising parallel has triggered a period of consolidation/profit taking. Longs should follow suit on the next encounter, too.
FX:NAS100Long
by sumastardon
1
NAS100: NASDAQ 100 Looking positive for week aheadNasdaq 100 Index NAS100 Nasdaq throws a lot of similar shapes to Bitcoin whose consolidation periods tend to last a few hours and no longer than 2 days maximum, but here the continuation patterns last a minimum of 2 days (last one) and more usually 8 days and up to a month. But the shapes are almost identical. Fast, sharp declines over 2 days, followed by an immediate rally into new high ground are a sign of a very strong market, usually a confirmation signal of further strength ahead. In addition, the pattern carved out on the chart over the past week is a clear flag formation with a minimum upside measurement target at 6472, and could easily extend further to 6515. Look to get long for the early part of this week at least: Initial support begins at the recent high at 6282-0. Whilst it can hold up here this index is extremely positive...so long as this level holds tomorrow Nasdaq is expected to have a stellar week ahead. It's a buy with stops under 6275 for a 20 point loss if wrong. Or wait for the open on Monday to see that 6275 holds up first...but it may have gapped up by then. If so follow it, though with stops still below 6275. And if this trade goes wrong and 6275 fails to hold at any point between now and the open it's likely to drift further and then perhaps come off on the open to 6246 (at lowest a spike to the upper parallel just below here) before rallying strongly again. That looks to be worst case scenario, which looks less likely than a gap up as things stand right now. One other way to enter the trade is to put a buy order in at 6283 and hope it gets struck overnight with a tight stop 11-15 points under for small loss if wrong but 200 to 300 - points upside if right. If it gets stopped out look to re- enter again around the open on any further weakness in the first 5 to 30 minutes, ideally towards 6246 and a tad lower - but this is only likely if 6282-6275 gives way. Don't think it will for what it's worth...let's see For more on Positive 16 Year Cycle: Dow-and-S-P-500-DOWI-SPX500-Super-long-term-Chart-and- analysis/
FX:NAS100Long
by sumastardon