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Nas100short

NAS100 | A rise and then fall to 12021.50| ShortNAS100 is aiming for liquidity above 12158.09 and then fall to 12021.50. As mentioned in our previous idea, NAS100 bias is bullish on higher timeframe. A violation of 12158.09 will imply that buyers have gained control of this market and NAS100 will switch bullish on lower timeframe to align with the higher timeframe trend. If it cross above 12158.09 today, for me that would only grab liquidity and fall to 12021.50. Because the market is closing today for the weekend we are interested to see bullish momentum unfolding as from next week. We will be monitoring price if it can fulfill these few things for clear confirmation for us to be able to engage in this market as from next week. If you guys find this helpful, please do support this idea with likes. Do also comment below as to what you think will happen to NAS100 as from next week.
NShort
by Forexintelligence_NA
1
Look for sell opportunity on NAS100!This coming week, we anticipate NAS100 to further weaken. Technically, the index did not succeed to push price higher, instead it printed relative equal highs which suggest weaknesses. Bears succeeded to break below the 12200 and 12000 psychological levels which also acted as support. There is high chance that we could see NAS100 continue declining. We will be monitoring price for possible short positions with two targets in mind, 110807.36 and 11458.89. Traders, if you find this idea helpful please be kind to show your support with likes.
NShort
by Forexintelligence_NA
SQQQ on Bullish Signal Uptrend - Potential Recession is Coming SQQQ price closing on 50.24 USD where on the breakout of resistance level 48.68 USD yesterday. Notice that having a huge buying volume to support the breakout (cup and handle pattern), this indicate it is a strong bullish signal where investor can consider to take "Long" position on SQQQ with current price (50.24 USD). To be conservative, can take 46.19 USD as stop loss position which approximately 8.03% of risk. This would possibly on strong upward trend while potentially NASDAQ would be on bearish trend. Most likely " Recession is Coming" ... On the other hand, take a look on another chart regarding QQQ ETF which tracking on NASDAQ-100 Index: Based on my humble analysis, we can see NASDAQ-100 index had formed "Head and Shoulders" pattern. Yesterday the chart just on the breakout support level position with high selling volume of transactions. This mean it is high possibility that NASDAQ might go into "free fall". Thus, might be a good opportunity to trade SQQQ with manageable risk now (if practice stop loss of 8% from yesterday closing price - 50.24 USD) “Past performance does not guarantee future performance. This is for just my personal opinion but not trading advise.”
NASDAQ:SQQQLong
by samleecomp
5
Catching Nasdaq on stem dips.NASDAQ - Intraday - We look to Buy at 12404 (stop at 12293) Posted Mixed Daily results for the last 9 days. An overnight negative theme in Equities has led to a lower open this morning. A sequence of intraday higher highs and lows has been posted. Bespoke support is located at 12383. A Fibonacci confluence area is located at 13347. Our profit targets will be 12688 and 12738 Resistance: 12700 / 12820 / 13347 Support: 12383 / 12201 / 11845 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:NAS100USDLong
by OANDA