NAS100 & SPX500 - WHAT IS HAPPENING TODAY? (CONFLICTED)We are at a pivoting point in the markets, everything seems to be bullish and yet I have this bearish itch. Markets seem to be overpriced, notably the NQ. However the S&P500, has had a healthier correction and the continuation of its rally makes more sense.
Since both markets are highly correlated, it would be absurd to short the NQ while the S&P500 looks so bullish. Why do I want to short the NQ? Technically it hasn't retraced as sanely as the S&P500 but that may be the nature of both markets. The NQ being more irrational (more speculative) than the rest, especially with the AI craze.
So here's my two cents worth on the matter!
What is on the charts? (follow the steps)
1) Highs that wicked many times in the daily bearish FVG.
2) Significant high that as I'm writing this has been taken out.
3) The retail sales session that took out lows and this is also what has me question the rally. If it is supposed to be bearish info why isn't price dropping? These are the reasons why I do not trade on certain days because I do not see clearly all the time.
4) Asian session lows, a great target for shorts.
5) A retest (or break of the daily FVG). I am not a breakout trader which is why I am not focusing on the bullish outcome because I couldn't tell you how to trade it optimally.
6) The bearish structure (that may never present itself). This all depends on the S&P500, for me to accept a short I need that double confirmation. So right now I accept everything as bullish unless shown otherwise.
7) Asian session lows taken out.
8) Finally the healthier correction that I'd want for the NQ to accept a more bullish approach.
As always, happy trading everyone and have a lovely day! ;)
Nas100signal
Will Nadsaq start a deep correction?The year 2023 proved to be exceptional for PEPPERSTONE:NAS100 , witnessing a 70% increase in the index. However, the onset of 2024 brought about a correction in the index.
Notably, the rise observed in December is confined within a rising wedge, suggesting a potential reversal. The index has indeed breached the rising trend line of the wedge, and the recent rebound serves as confirmation of this break.
Also NAS100 appears to face challenges surpassing the 17k mark.
Confirmation for a new downward move would occur with a break below 16500.
In such a scenario, levels to monitor for bearish targets include 16200, 15700, and a significant 14500.
NAS100 US100 Technical Analysis London Open / NY OpenThis video provides a detailed analysis of the NASDAQ. Presently, it has reached a robust resistance level on the weekly timeframe. The market appears quite stretched, presenting a potential counter-trend trading opportunity around the London Open. If missed, there might be another chance around the New York Open later today. Throughout the video, we delve into essential technical aspects such as price action, market structure, and the prevailing trend. It's crucial to note that this content is purely educational and should not be interpreted as financial advice.
US30 and NAS100 Possible buy zone!Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Nasdaq- New ATH this year? VANTAGE:NAS100 has experienced a remarkable year, witnessing a 60% surge in the technology index.
More notably, as the year draws to a close, it is hovering around the previous all-time high (ATH) zone.
Technically, following a false breakdown at the end of October, Nas100 displayed robust upward momentum.
Over the past three weeks, the index has been consolidating gains in the upper zone, awaiting a catalyst for a renewed upward push.
Dips within this consolidation phase are evidently being bought, and the anticipated Christmas rally is poised to propel the index to a new ATH.
I maintain a bullish outlook as long as 15,500 remains intact, and a target of 17,500 appears quite plausible within the context of the three-week consolidation and the mere 10% distance to the target.
US100 NASDAQ Technical Analysis And Trade Idea NAS100Lately, the NAS100 has displayed a strong bullish trend. This video extensively explores the trend, meticulously analyzing price movements and identifying possible trading prospects by thoroughly assessing both the weekly and daily timeframes. Anticipate a detailed assessment of price behaviors, market patterns, trend assessments, and key technical analysis components. It's crucial to emphasize that the content provided is purely for educational purposes and should not be interpreted as financial advice.
POSSIBLE TEMPORARY BEARISH ENTRY FOR NAS100PEPPERSTONE:NAS100 BLACKBULL:NAS100 VANTAGE:NAS100 OANDA:NAS100USD
Hello everyone, upon watching closely multiple timeframes where I combine a few types of chart analysis (support & resistance, candlestick patterns, breakout strategy, etc.) I'm thinking NAS100 will go bearish, at least temporarily, because ultimately the price movement in the charts tell us all, and my goal is always to read it right.
That chart I'm sharing with you is pretty self explanatory.
Make sure to comment your thoughts below and let me know any questions you might have if you have any.
My goal is to try and always be helpful, and while I sometimes fail (I'm a human not a robot) I do my best to always be better, and I never see failure as the final destination.
If you got to this point, happy profiting!
Nasdaq average returns (before and after) ThanksgivingBased on the observation that US equity markets tend to perform well heading into Thanksgiving, we decided to take a proper look at the figures. And it turns out, the Wednesday ahead of Thanksgiving tends to average the strongest positive returns of 0.54% with an 80.6% win rate.
The Nasdaq followed its seasonal tendency to rise on Monday, and closed at a 22-month high above 16k. Whilst Tuesday tends to be a down day, it has risen 52.8% of the time which explains the positive median return. But in a nutshell, the Nasdaq tends to rally into Thanksgiving and weaken the following Monday. And with RSI 2 and RSI 14 overbought alongside hype of strong Nvidia earnings, bulls may want to err on the side of caution next week - especially if we see a strong rally on Wednesday.
NASDAQ100 - Short SignalNAS100
The NAS100 shares a strikingly similar outlook with the Dow Jones, also known as US30 for those acquainted with the terminology. In fact, the NAS trend appears even more pristine compared to US30. The lower lows (LL) and higher highs (LH) sequence exhibits greater consistency on NAS100, while US30 displays a minor fake-out, although still well-contained within our designated zone.
Choosing to align with either NAS100 or US30 is a decision not to be taken lightly. It hinges on a careful assessment of risk considerations, instrument pace, and prevailing market expectations, rather than simultaneously trading both indices.
NAS100 Long Trading SignalNAS100 Long Trading Opportunity
1. The price closed above the Trend Magic Indicator line.
3. Vortex cross and indicates strong uptrend signal.
4. Retail trader data shows 55% of traders are net-short. Strong contrarian long signal.
SL - below the Trend Magic Indicator line or Vortex indicator change trend direction signal
TP1- 15490
TP2 - 15790
Keep It Simple and Always Trade With the Trend!
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Nas100- New drop to 13500?In mid-September, I wrote that Nas100 could drop to 14500 support.
Indeed, this target was hit on 28 September and a correction followed from this support level.
Yesterday, all this up correction was negated by a strong red candle and a local high could be in place.
My bearish outlook for indices is unchanged and, in the Nasdaq case, I expect a new leg down to the 13500 zone.
Rallies should be sold in search of good risk:reward.
Nas100- Drop under 14k after correction?On 13 September I wrote that Nas100 could lose trend line support and, as long as the 15500 zone is intact as resistance, there is a high chance for the index to drop to 14700-14800 zone support.
As we can see from the chart, after a new test of the resistance zone on 15 September, the index started to drop again and, two days ago we had a strong break under the trend line and a dive directly to horizontal support.
At this moment, a correction is probable, but, in my opinion, this rise will be short-lived and should be used as an opportunity for short trades.
In conclusion, rallies above 15k should be sold and the medium-term target for such a trade could be in the 14k zone and slightly under.
NAS100 and US30 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
NAS100 and US30 Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.