NAS100 NASDAQ Technical Analysis and Trade Idea👀 👉 While the NAS100 has maintained a bullish trend, recent price action shows signs of consolidation within a sideways range. Historically, price has often retraced significantly following strong rallies—could we be on the brink of another pullback? In this video, we delve into the trend, price action, market structure, and a potential trade setup. Disclaimer:* Trading carries significant risk, and market conditions can shift rapidly. This video is for educational purposes only and should not be considered financial advice. 📊✅
NASDAQ 100 CFD
Liquidity Crisis may happen Janet Yellen(jesus) + 12 hedgefund(12 apostles)
Liquidity Crisis may happen (i expected it first quarter of this year, but..)
most of hedgefund did buying treasury bond and then treasury bond margin loan(2009~2019)
so they made almost 50x leverage on bond market
times over and over now only t-bill s gonna be recognized as collateral
so t-bill market happend this method
t-bills yield go dig in diggg ( infinity purchasing from 12 apostles )
however t-bond yield go higher and lower and higher ( normal purchasing )
NOW 12 apostles got a trillion profit. and that was all of liqudity for ndq 21000
this liquidity is economic's tightrope walking on the twin bridge
Yellen just 2 month left
WHO IS YUDAH
WHO IS PETER
IF I WAS YOU
BUY PUT FEB
CHEERS
Nasdaq Intraday Review - Wednesday 4 Dec 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - ADP Nonfarm Employment Change @13:15
News - None
Directional bias - BUY
Morning analysis:
M TF - very bullish
W TF - very bullish, we are now in all time high territory again
D TF - D candle had closed higher that previous high, testament of the bullish sentiment
4H TF - very bullish, 4H EMA is far down, so if price retraces it could be a long way down before price finds the dynamic support of the 4H EMA
As the day progressed:
Noted a rising wedge pattern form as marked by the blue lines.
Price broke the market pattern upwards and came back down to retest the top line of the pattern.
With price being at an all time high, it could easily be assumed that price will make a huge retracement. In the past, I would have been eagerly ready to place a sell because it's at an all time high and "has to come down"(*). I have lost a lot of money in the past, trying to decide for the market, what it should do.
Looking at this market pattern, the way price broke upwards, re-tested and closed a green candle HIGHER. It seemed to me price wanted to continue upwards.
From years of screen time, I also know that if price is very bullish (like at all time highs) it can continue higher for much longer than one would expect. I have also seen that sometimes, price will continue to push for the previous day's TP's.
So because price was also rejecting the TP1 from the day before and closing higher, I felt that bulls wanted to push for TP2.
I entered a small buy position at the hand icon. Price shot all the way up to TP2.
I closed just before market open at the top hand icon and made a cool 870 pips. I closed because I was "sure" market open would retrace and wanted to lock in my profits.
So even though preaching at (*) in the text above, I was still a victim of this mentality that "price has to come down" :)
But anyway, I am still happy with my trading today. In the long ago past, I probably would have taken a sell just because price "has to come down after all time high".
In the not-so-long-ago past, I probably would have sat out and been too scared to take a buy, even though I saw the signal. But today, I took the signal, albeit with a small position. #progress
So just a reminder, trading is a long and slow game of patience and repetition (or at least for me).
Keep going, keep consistent and you will see progress.
In the beginning your goal should be to survive and live to trade another day. Get in as many hours of screen time as you can...and just keep going.
If I were to advise a beginner, I would say:
1. Learn as much as you can about candles, market patterns and timeframe confluence (use baby pips.com for an excellent free resource)
2. Have 3 x display screens on your desk. On one screen, have the 1H TF displayed, on the second screen, display a split between the 4H TF and the D TF. On the third screen, display a split between the 15min and 30min TF.
3. Stare at your screens for hours and hours a day! Haha! Screen time is the most valuable experience you can get.
4. Don't demo trade for too long. Trading with real money changes the game. So trade with the smallest possible position size available eg. 0.01 and just try to survive to the next day.
5. Start seeing results after a few years (not what everyone wants to hear because trading is "fast, easy money", but that is the truth for the majority of traders)
All the best! :)
Stats:
The total move for the day was 2'000 pips
I captured 870 pips / 44 % of the total move (need to improve)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Several indicators suggest that the NASDAQ 100 (NAS100) may faceSeveral indicators suggest that the NASDAQ 100 (NAS100) may face a downturn in the near future:
Technical Indicators:
• Rising Wedge Pattern: The NAS100 has formed a rising wedge pattern, typically considered a bearish signal indicating a potential price decline.
• Overbought Conditions: The Relative Strength Index (RSI) shows overbought levels, suggesting that the index may be due for a correction.
Economic Data:
• Manufacturing Sector Contraction: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating ongoing contraction in the manufacturing sector.
• Slowing GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter, down from previous quarters, reflecting a slowdown that could impact corporate earnings.
Federal Reserve Policies:
• Interest Rate Outlook: Federal Reserve officials have signaled caution regarding future interest rate cuts, which may affect investor sentiment and equity valuations.
Market Sentiment:
• Tech Stock Volatility: Recent declines in major tech stocks, including Nvidia and Microsoft, have led to broader market pullbacks, indicating potential vulnerability in the NASDAQ 100.
• Strengthening U.S. Dollar: A stronger dollar can negatively impact multinational companies’ earnings, many of which are components of the NASDAQ 100.
Considering these factors, there is a potential for the NASDAQ 100 to experience a decline in the near term. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
USNAS100 / Key Breakout Levels and Trend ProjectionsTechnical Analysis
The price surged approximately 320 pip, as anticipated in our previous analysis. Today, maintaining stability above the All-Time High (ATH) is crucial to achieving further gains, with the next target at 21,360.
A confirmed 1-hour or 4-hour candle close above 21,215 would likely drive the price toward 21,360 and further to 21,500. Conversely, if the price stabilizes below 21,160 with a confirmed 1-hour or 4-hour candle close, a decline toward 21,075 and 20,990 is expected.
Key Levels:
Pivot Point: 21160
Resistance Levels: 21220, 21360, 21500
Support Levels: 21075, 20990, 20860
Trend Outlook
Bullish: Upon breaking and closing above 21,215.
Bearish: Upon breaking and stabilizing below 21,160.
PREVIOUS IDEA:
Nasdaq Intraday Review - Tuesday 3 Dec 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - JOLTS job openings @ 15h00
News - None
Directional bias - BUY
Morning analysis:
M TF - Very bullish
W TF - Very bullish, but at a strong resistance now. Price will need to break the prior week's highest close.
D TF - Very bullish, yesterday's candle closed right at the weekly resistance
4H TF - Doji candle formed exactly on the W resistance but subsequent candles closed above. This doji level would be a good place for a mental stop loss because if candles start closing below this point, market could retrace. 4H 0.382 fib level (fib drawn from swing low at A to swing high at B.) + pivot point is far down...nearly 1000 pips from price (at time of writing at 5:49am). That's a long way down! Don't want to get into a deep drawdown situation.
30min TF - Ascending triangle forming (marked in orange lines). The resistance caused by the previous highest 4H candle close is holding candles down. But ascending triangles usually break upwards, as pressure mounts from bulls against the resistance level (although these market patterns can break either way).
2 x interest zones / areas of confluence identified:
1. Highest green highlighted area = pivot point + 4H 0.382 buy fib level
2. Lowest highlighted green area = This zone moved throughout the day at the 4H EMA moved, but eventually I settled on where it is marked now i.e. 4H EMA (at some point during the day) + 4H 0.618 buy fib level
As the day progressed:
Ultimately the ascending triangle broke downwards and a temporary downtrend line started forming as marked by the pink line.
This line held down many candles but eventually was broken on the 15min TF and I entered a buy at the top hand icon - Confirmations:
1. Market pattern - DB formed on the 15min TF, with neckline broken upwards + also breaking the temporary down trend line. The ascending wedge market pattern profit target had also just about been met (price usually travels the same distance as the height of the market pattern once the market pattern is broken - marked with the orange vertical line)
2. S&R - seemed as though the 1H EMA was providing dynamic support
3. Trend - temp down trend was broken (price had crossed the pink line) and my buy was in the same direction as the overall trend - The trend is your friend.
4. Fib - small 1H fibs were being adhered to, but didn't really consider this as part of my confirmation
5. Candlesticks - None really
Mental SL was placed at the thick pink line at about half the height of the DB.
Unfortunately, price could not remain above the pink down trend line on the higher TFs and price moved down. I closed as the 15min candle closed below my stop loss.
Took a loss of 250 pips, which I consider to be small and of no real consequence.
I don't regret this entry, it was worth a try and the SL was tight, so not a lot to risk.
Second buy entry was at blue arrow icon - Confirmations:
1. Market pattern - price had touched my green area of confluence and so I moved to the 5min TF where a DB formed and I entered on the break of the neckline upwards
2. S&R - pivot point
3. Trend - buy is in the same direction as the overall trend
4. Fib - DB formed just above the 4H 0.382 fib level
5. Candlesticks - long wicks down to the pivot point indicate that buyers are rejecting this zone and stepping in at this price level.
Mental SL was placed below the green area of confluence.
Price moved up, more than 250 pips from my entry and I secured at entry.
Unfortunately, price moved back down and took me out at entry.
Although I was ultimately right with my entries and direction....price was just to spiky for me today.
I stepped away from my screens for a few mins at 16h00 and missed a nice entry at C. where price broke the falling wedge pattern that ultimately formed on the 1H TF (between the pink and blue lines).
Was a bit bummed that I missed that one.
So ultimately for me, I closed the day with a small loss, today was just too spiky for my trading system.
Not complaining though because my risk was managed and I live to trade another day - "No Risk, No Magic"
Hope you had a better day! :)
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
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Tradingdaq | GOLD Market Daily Technical AnalysisThe Gold OANDA:XAUUSD price perfectly filled my last idea yesterday. We have seen rejection twice from 2,650 areas. However, if the price keeps above the support price of 2,620, I will look for the Gold 3rd time testing in 2,660. If the Gold price increases and a bullish candle again closes above 2,660, my mid-term target will be 2,700.
MAG7 breaks to new highs with the NAS100 outperforming The reaction in markets is what interests the most, and on the day, despite US Treasuries finding form, we’ve seen broad USD strength, the S&P500 has pushed to its 55th new all-time high in 2024, while gold and crude are largely unchanged. We also see sizeable dispersions in the daily returns in the crypto space, with XRP and Chainlink arguable the standout plays, with 23% and 41% gains respectively on the day.
In the volatility (vol) space, we see the VIX trading lower at 13.5% - the lowest level since July and at levels more aligned with S&P500 20-day realised vol. Equity hedges have been unwound, which speaks to a market confident of a grind higher into year-end. Another way to visualise the subdued equity vol is in the daily high-low trading ranges, and on the day the S&P500 has tracked a meagre 18-handle range – one of the lowest high-low ranges of the year, and well below the 5-day average of 34-handles.
Removing downside hedges makes sense given the largest drawdown in the S&P500 in Q4 has been 3.1%, and hedges cost money and subtract from performance if equity is moving higher. On the day we’ve seen a solid bid in comms services names (Meta & Alphabet), tech and consumer discretionary – said another way, the MAG7 index (+1.9%) has broken out to a new ATH, with all 7 MAG7 constituents rising on the day. Microsoft and Meta would be my picks that lead us higher from here, with MSFT filling the gap from the 31 Oct, where a break of $432.23 would suggest a continuation rally into $440.
Naturally, when tech and the big discretionary plays are firing up, it’s the NAS100 which has outperformed, and we see NAS100 futures 120p from testing the former ATH at 21,340.
We’ve seen solid moves in European equity too, and notably in the German DAX which is in beast mode and doing everything right technically – happy to hold longs here until the index has a daily close below the 5-day EMA.
French equity is the exception, with the CAC40 closing unchanged, which is quite a solid result given the brewing political angst. Certainly, we’ve seen the political risk expressed in the EUR, which is lower on the day against all G10 currencies, and notably vs the JPY and USD. We can add negative revisions to the French and German manufacturing PMIs, which make for sobering viewing, and the upshot has been broad EUR selling.
EURUSD hit a low of 1.0461 before the buyers stepped in – we can attribute a degree of the move lower to an improved US ISM manufacturing report (at 48.4 vs 47.5 eyed), although we did see some modest USD selling late in the session as Fed gov Waller signalled that he is leaning on a December rate cut and that rates are still “some distance from neutral”. US interest rate swaps now price at 79% chance the Fed cut by 25bp on 18 Dec.
Equity and bond vol may be headed lower, but FX vol is alive and well with EURUSD 1-month implied vol at 8.66% and the 92nd percentile of the 12-month range. Buying EUR vol certainly made sense given the uncertainty of the ECBs (and the Fed’s) next move and the French political risk premium. CAD vols also screen well, with options traders seeing increased movement in USDCAD and AUDCAD.
On the subject of movement, we can always find it in the crypto markets, and while Bitcoin (-2.5%) and Ethereum (-2.7%) take a backseat, it’s XRP that’s getting the lion’s share of trader attention with its punchy 23% rally on the day. The daily chart looks ridiculous and highlights the explosive 450% gain seen since the US election. XRP Volumes are tracking north of SEED_TVCODER77_ETHBTCDATA:5B on the day, which is higher than what’s traded on BTC, with the gains taking its market cap to $134b – the third biggest coin in the crypto sphere.
Grossly overbought, and with a 10-day volatility of 150%, chasing XRP upside from here comes with significant risk and the fact I’m focused on it suggests we’ve likely hit peak sentiment – but as know what is overbought can stay overbought for some time.
Looking ahead, we see a largely positive open for Asia with the ASX200 set to outperform with the index set to open nicely above 8500 and to new highs. Event risk in the session ahead comes in on the light side, with Swiss CPI and US Job openings (JOLTS) the key events on the radar.
Nasdaq Intraday Review - Monday 2 Dec 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY. All higher timeframes are bullish.
Morning analysis:
M TF - November candle closed very bullish. Candle body is +- 9'600 pips. Indicates very bullish sentiment overall
W TF - Last week's candle closed in a doji formation. Could be an indication that bulls are loosing momentum
D TF - Fridays candle closed right at the resistance formed by Tuesday's candle. Could Friday's candle represent the second top of a DT? Neckline would be 1'700 pips down (at time of writing). But D EMA is right at neckline, so bears would have to push very hard to break this neckline down.
In the past I have noted that when we have 2 x days, like Thanksgiving, where market was closed / half day, we see a COMPLETELY different sentiment come in on market open of the first "real" day of trading. It's like the extended trading guys where doing their own thing (in this case being bullish) and then when real market comes in, sentiment could be much different and a correction could occur. So need to be careful at market open.
2 x areas of interest identified (highlighted in green)
1. 1H + 4H 0.382 buy fib level + Pivot point + D 0.618 SELL fib level which bulls will want to stay above + 1H EMA (at time of writing at 6am)
2. D EMA (at time of writing at 6am) + W 0.382 buy fib + D 0.618 buy fib level
As the day progressed:
Entered a buy at the hand icon - Confirmations:
1. Market pattern - Price made a DB before reaching the first interest area. DB on the 1H TF with neckline broken upwards. The second bottom of the DB (at C.) is higher than the first bottom of the market pattern. This also contributes to the bullishness of the market pattern. Entered on the break of the neckline at the hand icon.
2. S&R - candle wicks touching 30 EMA and moving up (at time of writing in the morning), i.e. 30min EMA providing dynamic support.
3. Trend - Temporary down trend line broken (marked with top green line), indicating that the downtrend is over and price is ready to resume upwards.
4. Fib - A few wicks reaching towards the 4H 0.382 fib, but DB formed quite a way above this level.
5. Candlesticks - candle wicks touching 30 EMA and moving up, i.e. 30min EMA providing dynamic support.
Mental SL placed at the thick pink line. Usually, I would place my stop loss at half the height of the market pattern but because this was such a tight DB, I felt I have to place it a bit lower where the first bottom occurred. If candles started closing below this point, I would consider closing.
I opened a full position size and it was a banger of a day!
Market open pushed straight up!
Price ultimately moved 2979 pips from my entry.
I closed when price made a DT on the 15min (indicated at the top hand icon). I would normally leave a runner, but I am on a mission to build my account and so don't want to leave money on the table.
Made some good moola today! Hope you did too!
Laters!
Stats:
Price moved a total of 3195 pips today.
Of the total move, I captured 2651 pips / 83%.
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
USNAS100 - Bullish Momentum and Potential Reversal LevelsTechnically:
The price experienced upward momentum on Friday and maintains its bullish trajectory, with stability observed above the critical level of 20,860.
Bearish Scenario:
A sustained break below 20,860 could trigger further declines, with potential targets at 20,730 and 20,600.
Bullish Scenario:
As long as the price remains above 20,860, the bullish outlook remains intact, paving the way toward 20,990. A breakout above this level may propel the price to an all-time high of 21,230. Notably, a retest of the 20,860 level from the current price is a plausible scenario.
Key Levels:
Pivot Point: 20860
Resistance Levels: 20990, 21080, 21230
Support Levels: 20730, 20660, 20550
NAS100 I Potential pullback and more growth Welcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
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Nasdaq Intraday Review - Wednesday 27 Nov 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY
Morning analysis:
D TF - Noted a potential D neckline (which will form if market comes down, marked in neon green line)
4H TF - Noted a potential 4H neckline. If the 7am candle closes below the neckline, then price might be moving down and I would have to be patient and wait for quality confirmations before entering a good buy (marked in orange line)
Difficult to identify areas of confluence, but highlighted two green areas:
1. The 4H EMA was roughly in the same area as the pivot point and 4H 0.382 fib level
2. The D 0.50 fib area was roughly in the same area as the D EMA
Note: EMAs are marked on the chart where they were at a point in time on Wednesday. They have now moved due to passage of time.
As the day progressed:
Entered a buy at the hand icon Z. - Confirmations:
1. Market pattern - DB formed on the 15min TF, with neckline (+ pivot) broken upwards with a strong momentum candle
2. S&R - pivot broken upwards
3. Trend - Buy is in the same direction as the overall trend. The trend is your friend!
4. Fib - DB formed right at the 4H 0.382 fib level, indicating that price is reacting to this level and because neckline is broken up with a strong momentum candle, price is indicating that buyers are stepping in and price is ready to move up.
5. Candlesticks - On the 1H TF, price is managing to close above the 4H 0.382 fib level with wicks sticking out below.
Mental SL placed at the thick pink line, which is below the 4H EMA for extra protection, i.e. hoping that price will indeed react to the dynamic support offered by the EMA.
Price moved up, luckily more that 250 pips, and I secured at entry (placed actual stop loss at my trade's entry position).
This is one of the rules of my system - place SL at entry after 250 pips.
And Wednesday reminded me again how important it is to be super disciplined and always stick to your trade rules. I would never have expected Nas to make such a huge and aggressive correction. If I was sloppy with my discipline, I could have lost months and months of hard work building my account.
So whatever your trade rules are, this is a reminder to stick with them EVERY TIME, because you created them to protect you and they will save you when you least expect it.
Price dropped drastically, I was taken out at entry and then price proceeded to fall through the floor rapidly.
I entered an aggressive entry at hand icon X. - Confirmations:
Double bottom formed on the 15min TF right at the D EMA + W 0.50 fib level + D 0.618 fib level
Price moved up and I closed at the end of the day at the blue arrow, making 637 pips for the day.
I closed because I thought Thanksgiving would be slow trading and decided that I would not trade Thursday and Friday because I don't like slow trading.
Looking at the charts now, I see trading was anything but slow!!
Hope you had a good trading week! :)
See you next week for some exciting trading!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss