Nas100analysis
Nasdaq's 14,000 support line holding so far Nasdaq's 14,000 support line holding so far
Despite all talk of aggressive tightening, US stocks including the tech-heavy Nasdaq is holding firmly. For the 4th session, buyers haven't hesitated to jump in to buy the dip every time the Index has dropped below the 14,000 level, representing a 15% drop year-to-date.
Strong earnings are making it difficult for the bears, and technicals are signaling the index is willing to retest the 14,400 resistance before making any leg lower (if any).
Nasdaq100- Was 13k the bottom for this correction?War or not war, Nas100 reversed strongly from 13k zone and increased 10% in just 3 days.
At this time the price is in a normal correction and if 13500-13700 holds, we can expect a new leg up to 15500.
That being said, bulls can look for opportunities to buy in that zone with a negation under 13k.
Best of luck!
Mihai Iacob
NASDAQ Holding WeeklyNASDAQ has touched the second support (turning into a bearish market) but quickly returned above the first support.
We're in an uncertain time. However, a strong return above the weekly support usually points towards a bullish movement and candle looking bullish.
I'm keeping my rating neutral for now due to the external events and Bullard repeating he wants to see FED rates 100 BP higher by July 1.
NAS100 Buy AnalysisPrice has broke out of the trendline on 1H timeframe
Currently looking for long potential positions which confluence with the retest of the level the market broke out
Nas100: The light is getting brighter/watch this pattern Nas100 is creating a triangle formation. We only have to wait for this pattern to be completed and violated on either side to be able to predict the direction of the market. As we know, after an impulse follows a correction, that is how the market moves and will always move. What we see right now is just a correction and a strong move is yet to come. Here is what we should keep in mind, if we see a violation of this pattern anytime soon to the bottom of it then we can expect a strong move to the downside, probably a move that will send price at least to 12000.
If bulls succeed to reverse price and if they can be able to violate the pattern to the top then we will see a strong recovery on Nas100.
Additionally, as long as Russia and Ukraine tension continues to escalate, we can expect the worst for the stock markets which will dramatically put downward pressure to the index.
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NAS100: Do not miss this buy opportunity!Traders as I mentioned previously, if bulls break above 14840.00 we can expect more buying pressure. Getting a boost from the giant stocks now turning green, we can only be confident that the Nas100 whales are back and higher price will be driven.
I am very eager to see what will happen at the nearest high at 15250, a break above this level bulls will continue to dominate until 16000. I will probably take partial of my profit at 15250 and lock in some positions.
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Nas100 keep looking for buy opportunities The market is in a strong bullish momentum. It will keep rising with little or no big retracements. I expect price to reach three of my targets before printing new record highs.
15236.08, 15565.71 and 15908.81
If there will be any big retracement, that might occur at my first target down to 14600.00 for it to mitigate some orders.
Otherwise Nas100 is offering good opportunities for dip buyers.
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NAS100 Buy OpportunityHere is my analysis for NAS100 for the upcoming week, wait for price to pullback to retest SUPPORT and take a long up to the next resistance area where we can expect a sell.
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Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND?
3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)?
5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE.
6. CHECK FOR DIVERGENCE.