NASDAQ 100 Forecast: Index Pulls Back From Same LevelThe NASDAQ has broken down a bit during the trading session on Thursday to break towards the 16,150 level. Furthermore, the market continues to see plenty of resistance near the 16,500 level, showing us just how much trouble there is in that vicinity. The NASDAQ has been underperforming as of late, and the fact that we could not break out should not be a huge surprise. I think at this point in time it is more likely than not that we will see the market may be pullback to try to find a bit of support.
The 50 day EMA sits at the 15,850 level, which is an area that had been important in the past, and of course the 50 day EMA is starting to rise a bit. We also have to pay attention to the uptrend line just underneath, which has been important since the beginning of October. The market continues to move on just a handful of stocks as per usual, including Tesla, Microsoft, and Amazon. If although stocks rally, that will send this market to the upside. On the other hand, if those stocks continue to have issues, then it is likely that we will continue to see this market fall apart.
The market continues to see a lot of noisy behavior and that will unfortunately only get worse as we head towards the end of the year. With the lack of liquidity, stock markets tend to make sudden moves as traders are closing out their books for the year. Furthermore, we also have people out there trying to chase trades in order to pick up significant gains to paid their returns for clients. If you have missed your benchmark at this point, then it is likely that we could continue to see people like that jumping in.
If we were to break down below the 15,500 level, then it is likely that we could go looking towards the 15,000 underneath and test the 200 day EMA. Whether or not this is a topping pattern is a completely different situation, but I do not think that is the case. I think we are simply looking at more volatility going forward. The 16,767.50 level is an area that people are going to have to pay close attention to, as it is the all-time high. If we can break that, the NASDAQ 100 will rip to the upside.
Nas100signal
Nas100: Bearish momentum is not overOn a high timeframe, we see a rising channel and the support of this channel isn't reached yet. The coming days we could still see bearish pressure, with bears targeting the support of this rising channel.
On top of that, the past days I noted out the bearish setups that were being printed, one of that was the head and shoulders pattern. I stated that if the support or neckline of this head and shoulders get violated, we could still see Nas100 struggling to rise and the bearish momentum could go on and Nas100 might find bottom around 15200.00 and 15400.00.
Congratulations to everyone that keep on following. The main purpose here is to trade when the edge is on our side. Never should we make thoughtless decisions and the burning edge just to be in the market. We can rock, if we only wait for price to tell us what to do.
Let's meet next week.
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NAS100 is bullish with some good tradesMarkets have been very volatile but there are some good short-term moves if you can keep a track of the support and resistance levels. We have used Aspen Trading Support & Resistance Levels.
Solid move from 16170 in NAS100 at the support level . This has been a very strong support level over the past few weeks.
We have taken trade from the support level and sold at the resistance level of 16378 to gain +208 points.
Note - Aspen Trading S/R levels are invite only. They can be accessed through my profile information.
Disclaimer: This analysis is for information purpose only and does not constitute any investment advice.
Nas100 is printing bearish setups with Head and Shoulders Friends, let's take a look at the technically aspect of Nas100. From my previous analysis I mentioned of the broadening wedge that needed completion. The overall idea is Nas100 is printing quite a number of bearish setups. With the broadening wedge, there's high probability that price will be pushed to the downside and this will act as a continuation of price to the downside. We are already seeing bulls power getting diminished as they cannot be able to reach to the previous high around 16775.00 and price keeps on being rejected several times at 16400.00.
If we also take a closer look, we see that the current market structure is about to reveal a head and shoulders pattern. At this point bears are targeting and eyeing level 16000.00.
A complete violation of this level we will expect further downward momentum which will also trigger the head and shoulders pattern to be completed and violated.
Please keep in mind of these important levels:
16400.00 is now acting as resistance , a complete break above this level bulls will take the victory to the upside.
Meanwhile, 16000.00 is acting as support , bears completely violating this level to the downside will send price lower to at least 15700-15800.
Nonetheless, my bias at the moment is bearish.
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Take note that any trading decisions you take from this idea should be at your own discretion. This is not a trading signal, rather it should be a mere opinion of what I think price is about to do.
💡 Previous Forecast
💰 Outcome of the Previous Forecast
💡 New Forecast based on the broadening wedge formation
Nas100 might rise to 16400 to complete the wedgeWe should expect further consolidations between 16000 and 16400 to complete the broadening wedge. There's high possibility that Nas100 will rise to complete the broadening wedge formation to the top side. A break above the wedge will attract more buying pressure and send price higher to 17000.00 and on the other hand, failure for bulls to break above the wedge, will attract more selling pressure and Nas100 will remain vulnerable to more weaknesses.
We should continue to monitor price and further developments while being vigilant with our positioning, following a very good trading plan.
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SOLOMON NUMBER of US100 (NASDAQ)The Solomon Number of US100 is: 16390
Instructions:
A- Every DECREASE in price is an opportunity to BUY. The Target is Solomon Number 16390.
B- Once the Solomon Number is touched the analysis is no longer valid to enter OR take long again.
D- Apply proper risk management according to your balance.
1st long entry@ now
2nd long entry@ 16045
3rd long entry@ 16000
4th long entry@15880
TP@ 16390
Do not miss this Nas100 buy opportunity Congratulations to everyone that followed my previous sell idea. We saw a very strong drop on Nas100 the past 2 days, dropping with at least 3.80%. Looking at the technically aspect and market structure, we see that Nas100 has printed highs and lows which these Structures still holds. I expect bulls to push price above the November 2021 high and there I expect price to find support. A rise above 16400.00 will attract more buyers and price will be send higher targeting 17000 as the new high. Bears will have a struggle to fully violate the November 2021 high and the low.
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US100 Bullish CorrectionBroke out of a falling channel, waiting for retest on the 15 minute and then a test of that first resistance.
Follow me for more call outs> Make sure you do your own research and analysis and don't just take my word for it.
I am wrong often. Make sure you put a stop in, and set your own target and only risk 5% or less.
You can have less than a 50 percent win rating and still be successful as long as you make your winners bigger than your losers and follow your own trading rules. Good luck.
Nas100 a healthy correction should be expectedNas100 is currently forming a rising wedge. I expect price to rise a bit up to complete this pattern. If bears defend the top of this wedge and push price down, we can expect strong bearish momentum that will push price down.
For clear bearish confirmation, we should wait for the wedge to be violated to the bottom. If this happens then bears will focus the rising trendline at around 16535.00.
We only take the short orders if the rising wedge play out, otherwise we can also expect bulls continuing to push price higher if the wedge is violated to the top side.
Please do your own analysis and follow your own trading plan.
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NAS100USDThe NASDAQ 100 has rallied significantly during the trading session on Thursday to make all-time highs yet again, so at this point in time it looks like we are ready to continue rallying, and with that being the case it is very likely that we continue to find reasons to get long yet again. We have formed a massive bullish flag, and therefore I do not have any interest in trying to short this market. The length of the flag suggests that we could go looking towards the 18,000 level, but that obviously is a longer-term target.
Looking at this chart, I believe the 16,000 level will offer a significant amount of support, especially as the 50 day EMA is starting to race towards it. All things been equal, there is only a handful of stocks that move this market, and those are all the ones that everybody loves. Because of this, I think this is a market that will eventually find its way much higher, and therefore it is possible that we have to watch just a handful of “Wall Street darlings” such as Tesla, Microsoft, and the like. With this being the case, the very likely that we continue to see buyers on dips, and that is how I think we will eventually get much higher.
As we are getting ready to go through the “Santa Claus rally”, it is likely that we continue to see a line of chasing. As long as the markets are getting ready to see a lot of money flowing into it, it makes a certain amount of sense that we continue to go higher. The bullish flag itself is well known and almost everybody in the markets can see it. In fact, I do not have a scenario in which a willing to short this market, but if we were to break down below the 15,000 level, then I might be able to buy puts at that point. Nonetheless, this is a market that looks very strong, and I think it will lead the way when it comes to indices in the US. Ultimately, we will continue to see plenty of momentum here, especially as we have closed towards the very top of the range, which typically means that you are going to see quite a bit of follow-through.
NAS SWING SELL BIG DROPLooking to short nasdaq off the 30min POI/orderblock.
We have come up to test the high and showed strong rejection leading me to believe nas will drop.
Potential target zones are highlighted in green.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
NAS SELL LIMITLooking for a reentry on nas100 and shorting it down.
Price created a 1hr orderblock and looking for price to play into that and drop down to an overall swing target of 15700.
DISCLAIMER: I am not a financial advisor and nor is this financial advice. Only risk what you can afford to lose. Trading live carries risk and you may make money or lose some or all of your capital. I am not liable for any gains or losses made
NAS100 Entries + Exits for FREE!If NAS100 sells begin and all green TP support sells break, I'll post a complete new analysis for this pair! Nas100 moves very fast so it could be mid week just be ready for some movement with this pair!
Easy money!
The ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
Do not miss this sell opportunity on Nas100As I mentioned in my previous idea that we could expect a breakout to the upside of the resistance of the rising channel and it did. For me this can be a fake breakout and I expect price to drop for a healthy correction down to at least 15700.00 to test the September 2021 high.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below 👍
Many wishes and trade smart!
Nas100 Entries + ExitsThe ENTRY/TP zones are your entries as well as your exits.
Everything above the current candlestick is resistance, you would treat every zone above as a sell/potential buy break.
Everything below the current candlestick is support, which you would then treat every zone below as a buy/potential sell break if it hits the pip rule.
More info on the strategy and how to play it:
How To Play The Chart Entries/Exits:
Buy at green support entry, if it breaks by -35 pips (count it out) then enter a sell and ride to TP1, 2 and 3. Trail stop at each TP which means place your stop loss in profit but with enough room to be able to continue the sell if it continues. Same thing at resistance, sell but if broken by 35 pips then enter the buy and ride to TP1. Each TP is a support or resistance zone , so you could then even take a sell after TP1 for the buys have been hit and if it breaks out then just repeat.
All likes/comments and feedback are very much appreciated! Thank you to all of those who support me on a weekly basis, it really does mean a ton to me!
NAS100USDThe NASDAQ 100 has rallied rather significantly during the course of the trading session to break above the top of a couple of shooting stars, which had formed on both Tuesday and Wednesday. This is a major breakout of resistance, and therefore I think we have much further to go. Now that we have made that move, it is very likely that the NASDAQ 100 will continue to see plenty of upward pressure. After all, the main drivers of the NASDAQ 100 are all of the “Wall Street darlings” that everybody else buys. In other words, think of Facebook, Amazon, and Facebook. All things been equal, this is a market that has been in a bullish run for quite some time, and I just do not see an opportunity to short it anytime soon. The 50 day EMA underneath should continue to offer plenty of support, as it sits at the $15,135 level. Below there, then the market is likely to see the 14,500 level as the absolute floor in the market, so therefore you simply cannot short this market anytime soon. After all, we are in an uptrend and have been for what seems like a lifetime, and I just do not see how that changes in the near future. Ultimately, if we do break down below the 14,500 level, I might be a buyer of puts but that is as aggressive as I get to the downside in US indices.
To the upside, the 16,000 level is the most obvious target but at the end of the day I do not know that it is really that big of a deal to suggest that as it is not that far away from here. In fact, it is a mere 270 points or so. The market will continue to be very volatile, but as we rip through earnings season, the very likely that we will continue to see plenty of buyers out there, as this is a market that favors the upside quite drastically, and therefore I do not think we are looking at a scenario that suggests anything other than a “buy on the dips” type of attitude, which is what we have been the case going back at least 13 years to the Great Financial Crisis. I do believe that ultimately will the NASDAQ 100 will not only at 16,000 above, but it will continue to go even higher than that.
Nas100 is targeting the August/September highFor sure Nas100 is headed to the Resistance of the rising channel but before it reaches there here is what we can expect.
🔍 Technical expectations:
🔹Currently Nas100 is forming a broadening wedge which is about to be completed to the top.
🔹A break to the top of the wedge will push price to the August/September 2021 high where price will consolidate for a while or pushed a bit down for a slight correction.
🔹A complete violation of August/September high will set Nas100 for a new record high which of course will send price to the Resistance of the channel.
❗️Take note: Do not take my idea as a general advice or signal and act upon it without your own analysis. I encourage you to follow me so that when I post new updates you get informed of this.
Please support this idea with a like and feel free to share your thoughts and opinions in the comment section below 👍
Many wishes and trade smart!
Nas100 is on a critical level more bull power is neededNasdaq100 is on a critical level. 15400 have to be violated completely to the upside for further gain.
🔍 Two scenarios expectations:
🔹A successful violation of 15400-15450 will send price higher and the next stop will be the September 2021 high.
🔹On the other hand, bears pushing price below 15300.00 will send price down closer to 15000 which is the 50% Fibonacci level.
🔹The violation of 15400 for a further bull run is more likely
🤗What do you think? Please comment below🤔
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Many wishes!
keep buying/ Nas100 is bullish and here is whySlight corrections and even big corrections are part of the market, but never should we dismiss the fact that where the market tends to go it will reach and nobody can stop it, unless someone is Gorge Soros of our days. These are reasons why I believe Nas100 will continue to rise (refer to snapshot below):
1. After making a double bottom at around 14400 psychological level price quickly bounced up, breaking the neckline.
2. Before price reversed, bulls and bears battled, in a consolidation state, price formed a descending wedge, falling wedge whatever we can call it. This for me was a sign of trend reversal. Bears failed to violated the 14400.00 psychological level giving the battle to the bulls to take control.
3. Pull-backs can be expected but this is the battle that belongs to the bulls. I on my part I expect price to continue to rise just keeping in mind the trendline ahead of price where sellers might be defending price, but in overall Nas100 is bullish.
I wish everyone a great trading week.
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NASDAQ100 BUY IDEAHey tradomaniacs,
NASDAQ100:Daytrade-Preparation
Market-Sell: 14835
Stop-Loss: 14816
Point of Risk-Reduction: 14877
Take-Profit: 14991.00
Stop-Loss: 19 points (190) pips
Risk: 0,5% -1%
Risk-Reward: 8,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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