US NAS 100
US100 Index (NASDAQ): Global Bullish Outlook Explained
Nasdaq Index broke and closed above a solid weekly structure resistance.
The broken structure turned into support now.
Bit lower, I have also spotted a strong rising trend line.
The trend line and a broken structure compose a demand zone now.
I will expect a bullish continuation from that to 14800.
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Nasdaq Daily long term outlookLong term buy till we reach the all time high, then we expect a turn around, this might take a few months to play out
It is breaking out of a medium- to long-term downtrend channelHello?
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(DXY chart)
It is breaking out of the down channel on the 1W and 1D charts and showing an uptrend.
However, looking at the 1M chart, it seems that it will enter the rising channel only when it rises above 103.494.
Therefore, it is necessary to check whether it rises above 103.494.
If it finds resistance near 102.888-103.494 and declines, I would expect a decline below 100.
If not, a move above 103.494 is expected to create a new upside wave.
In order for the investment market to be active, I think it should show sideways below 101.494.
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(SPX500USD chart)
It is necessary to check whether it moves out of the 4104.9-4137.1 section and moves to the vicinity of 4045.2 or 4169.6.
The StochRSI indicator on the 1M, 1W and 1D charts turned into a bearish sign, indicating downward pressure.
Therefore, it is necessary to check whether it is supported or resisted at the support and resistance points indicated on the respective time frame charts (1M, 1W, 1D charts).
In particular, since the 4116.0 point is a volume profile section drawn on the 1W chart, it is important whether it is supported in this area.
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(NAS100USD chart)
The key is whether it can rise above the 12896.2-13418.8 section, which is the volume profile section of the 1W chart.
To do so, it is necessary to check whether it can be supported in the 13231.6-13480.9 section, which is the resistance section of the 1D chart.
As it fell during this volatility period, May 14th-16th, the HA-High indicator on the 1D chart is rising and is about to be created.
Therefore, it becomes important whether it can be supported around 13231.6.
The StochRSI indicator on the 1M chart is still in an uptrend.
So, we can see that the uptrend is still strong.
However, since the 13480.9 point is the HA-Low indicator point of the 1M chart, it is expected that it will be possible to buy from a long-term perspective only when it rises above this point.
If it doesn't and it declines, it's likely to renew the recent lows, so you should think about how to respond.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
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NAS100Nas gave us a great entry on Friday I did not take the trade but was looking at GU also and was another great opportunity.
I will post if possible on notes for future reference on my methodology.
Moving on to Monday of this week we will be focusing on 4 major things
1. Break of Structure
2. Did BOS leave a FVG
3. Retrace
4. Entry 1:1
during these uncertain market conditions there may be more fake outs so damage risk properly.
Bias : Neutral, until I see major break to the down to the daily SSL or BSL above on candle.
see you at 6 am .
Nasdaq -> Obvious Top FormationHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $13.500 level.
You can also see that from a weekly perspective, Nas100 is a little bit overextended towards the upside and in my opinion we are ready for a short term correction before we will then see more continuation towards the upside.
On the daily timeframe you can see that Nas100 is currently forming a rising wedge formation which is always considered a reversal sign, so I am now just waiting for some bearish selling pressure before I will then enter a short to capitalize on the next dump towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NAS Ending Diagonal Triangle Break It doesn't get more obvious than this. We're probably headed back to 12k at the very least on a corrective wave. Fed GDP forecasts are really all you need to see to know lots of rate hikes and taxes coming soon. It's halving every year, and that's an optimistic estimate. Don't wanna spook the market. fred.stlouisfed.org
US100 Index (NASDAQ): Bullish Outlook For Next Week
This week, NASDAQ Index broke and closed above a horizontal neckline of a cup & handle pattern on a daily.
We see its retest now.
I will expect a bullish continuation next week at least to 13550 level.
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Concentration of funds into the investment market is expectedHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(NAS100USD chart)
It is showing a rise above the 12896.2-13418.8 section, which is the volume profile section of the 1W chart.
Therefore, if it rises above 13418.8 or rises above the 13231.6-13480.9 section on the 1D chart and shows support, it is expected to show a sharp rise.
If not, you need to make sure it is supported around 12716.0-12896.2.
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(SPX500USD chart)
You need to follow the rising channel to see if you can maintain the bullish trend.
Looking at the 1M chart, it shows an upward movement along the lower uptrend line.
As such, it is expected to remain in an uptrend as long as it does not fall below this uptrend line.
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(DXY chart)
If it shows sideways in the 98.244-101.494 section, the investment market is expected to be active.
Therefore, it is necessary to follow the downtrend and see if the downtrend can be maintained until around June 6th.
The investment market is not just the stock market.
Therefore, as funds are concentrated in any investment product, there is a possibility that it will lead to a sharp rise.
I think this concentration of funds is an abnormal phenomenon.
However, many funds are stagnant in an environment where it is difficult to invest in the actual economy, so if a concentration of funds occurs in these investment markets, it is expected that actual economic investment will eventually be gradually activated.
In that sense, we should pay attention to USDT's fund concentration phenomenon.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** Even if you know other people's know-how, it takes a considerable period of time to make it your own.
** This is a chart created with my know-how.
---------------------------------
NASFor now I'm neutral on NAS I will be looking at others such as SPX and US30.
we have taken yesterdays high and some intermediate SSL so one possibility could be to come back down I still see potential in the FVG left behind but for now there is just too much bullish momentum. we have a FVG above on the daily time frame so two possibilities.
1. Breaks structure to the down side targeting the gap below to then continue higher.
2. continues on a BULL run and targets gap above and possibly come back down to reprice or take highs above.
will continue to monitor as we move further this week looking to attempt my 2nd challenge this week.
Dollar bulls on the rise? (DXY)The American Dollar Index (DXY) appears to be forming a double bottom pattern similar to the one it formed in March 2022. This pattern is considered a bullish chart pattern that indicates a potential trend reversal from a downtrend to an uptrend. A breakout from this pattern could trigger a significant rally in the dollar, possibly up to the 110 price level.
However, this bullish outlook for the dollar could have implications for other markets, particularly the crypto and stock markets. Historically, the dollar and these markets have had an inverse relationship, where a strong dollar usually leads to a weaker performance in the crypto and stock markets. Therefore, if the dollar rally materializes, it could lead to end-of-year lows for these markets.
Traders and investors should monitor the DXY closely for any breakout signals from the double bottom pattern and adjust their trading strategies accordingly.
Nasdaq -> Bulls Are In ControlHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is actually approaching a quite obvious previous weekly support/resistance zone at the $13,500 level which is now turned resistance once again.
You can also see that from a weekly perspective, market structure is extremely bullish, moving averages are also bullish and we just recently broke above and retested a previous weekly resistance which was then turned support so from a weekly perspective I simply do expect a deeper retest of the next resistance at the $13,500 before I then do expect a short term rejection towards the downside.
On the daily timeframe you can see that with today's candle, Nas100 is finally breaking above a previous daily strong resistance area so market structure is now bullish again - I am just waiting for a little bit more upside, then a retest of the previous resistance which is then turned support and then I do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: