NQ1! (Nasdaq) - Weekly Prep - The Big PictureNQ1! continues to push higher, through a period of choppy consolidation. With August Monthly opex on tap, and the Jackson Hole Symposium for the Fed, the last weeks of August before vacations are over should be full of range. The primary pattern is a wedge at the top of the range.
NAS
Nasdaq Analysis A quick analysis where i see the market going today. The price has broken out the triangle which was formed on the 4 hour chart, it then came back to retest the structure and go back up. Today if the price breaks out of 15140, we will see price go up to 15240 where it will hit the daily bullish channel centre line. To see where i think price will be going in the next few weeks see the previous post.
NASDAQ 100 WED REVERSAL PREDICTION!Looking for a drop to the downside. maybe a trap/stop-hunt to the upside and then reverse down!
Wait for entry confirmation!
Nasdaq Short Term Dip - Then RocketNasdaq correlations to the movement in the 10YR yield are tight.
Scenario 1: 10 yr is looking to break out of a triangle to 1.35%, Nas should dip as a result Aug 2-4 ish if 10yr prediction materializes.
After, 2 possible scenarios:
1.) Monster bounce to double top short term
2.) Continuation to new ATH's for wave 5 completion at the top of the channel.
Stay hedged 100%, could go either way.
Nasdaq Analysis Hi guys.
We have recovery on nasdaq since the drop yesterday. However It may not be over, we may see more bears pushing price down the down channel to 14841- 14724. However if we do break up 15076 then id except buyers to come back in taking price to new highs. Have your stops in place as New York sessions will be opening and anything is possible with nasdaq.
Nasdaq Analysis Hi Guys,
Yesterday was a strange day of consolidation on nasdaq. Today I am hoping for a break of 15150. The market is still very bullish. A break of 15150 will take us to 15230 to the middle line on the channel. If the middle line of the channel breaks then price can go 15370. This will be the top of the channel on the daily too, from where price may fall to the 14000s.
NAS - Inverse Break At 75% TargetNAS has support at the 2 hour 8 EMA with resistance at the 5 min UBB overnight. A short term H&S is confirming after a strong futures market. Google, Microsoft, Facebook and Amazon lead the way with Apple consolidation out of the cup and handle break. Tech melt-up underway with weekly options expiry today.
Nasdaq analysis New York market will be opening very soon and it will be very interesting to see where this market goes. We are in a very crutial point on nasdaq where this retest on the bullish structure can be the sign for a big fall as analysed last analysis. However if we do see the price creep back inside the structure then we can see more bulls coming back in pushing prices high again and most likely even creating new highs.
For now I will still strongly side with the bears as the bullish structure has been broken. Things can easily change so always have good risk management in place.
NASDAQ 100 DOWNTREND REVRSALExpecting a double bottom after the breakout from consolidation, reversing to the upside.