Nasdaq -> The Time Has ComeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nas100 is currently retesting a quite obvious weekly previous resistance area which is now turned very strong weekly support.
In confluence with a recent trendline breakout and also a bullish ema-crossover I do expect at least a short term rejection away from this quite important weekly structure zone.
On the daily timeframe we are also now retesting a previous daily support area which is turned support again, so if we get some more bullish confirmation it is quite likely that we will see at least a short term rejection towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
US NAS 100
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.
Marlo's Going To Hell NQ Swing Strategy I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
www.investopedia.com
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. NQ counts in the thousands so xx666.00! You'll see similar across smaller TFs and ranges as well using 33.34% and 66.67% retraces.
depends on whether it is maintained above 12119.2 after March 1Hello?
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(NAS100USD chart)
(1D chart)
The key is whether the price can sustain it by moving above the uptrend line (1) and above 12119.2.
If the price is maintained above the M-Signal indicator of the 1W chart and above HA-High, it is expected to continue its mid- to long-term upward trend.
If it doesn't, it's likely to drop down to section 3.
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(DXY chart)
We need to see if there is movement out of the 103.494-104.738 interval.
If it rises above 104.738-105.873, the investment market is likely to enter a recession.
A drop below 101.494 is expected to boost the investment market.
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(SPX500USD chart)
The 4000.0 point is the point where the M-Signal of the 1M chart and the M-Signal of the 1W chart pass.
Therefore, if the price holds above this point, it is expected to move up along the uptrend channel.
If not, I expect it to fall below 3931.2.
However, as long as it does not break out of the uptrend, it is expected to maintain its uptrend.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
---------------------------------
Marlo's Going To Hell NQ Strategy I know it's so simple you can't believe it! Is it magic? Is the Devil running the Stock Market!?!
Nope, what you're seeing is the all-pervasive 50% Principle in action!
www.investopedia.com
"It states that if an asset drops after a price increase, it will lose between 50% and 67% of recent price gains before rebounding. "
So over any given range, the retrace will test the thirds for support and resistance. Nq counts in the thousands so xx666.00
Nasdaq leads drop as hawkish Fed bets riseAlready on the ascendency, bond yields and the dollar both gained further ground which sent stocks plunging along with gold, copper and Bitcoin. The Nasdaq 100 was down more than 2% at one point earlier, before bouncing off its worst levels at the time of writing.
Ironically, sentiment has taken a hit thanks to the release of strong US economic data. The unexpected rise in the Fed’s favourite measure of inflation (Core PCE Price Index) we saw earlier in the day was matched by stronger personal spending and new home sales data, while the UoM’s consumer sentiment survey was revised higher.
Today’s data releases have been in line with the recent trend, all helping to fuel speculation that the Fed's terminal interest rate could be higher than expected.
Against this backdrop, investors are not keen to hold onto assets that pay low, or no interest or dividend compared to government debt.
The Nasdaq might stage a bit of a recovery from around its 200-day average, but it now faces lots of overhead resistance. The 12000 level is now the most important barrier that the bulls will want to reclaim and the bears defend. Previously support, it could turn into resistance moving forward.
Beginning of volatility (until February 21)Hello?
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)
(1D chart)
The first start of the volatility period mentioned on the BTC chart is on the NAS100USD chart.
Therefore, during the volatility period until February 21st, it is necessary to check whether there can be a movement out of section 2 and section 1.
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(DXY chart)
The question is whether it can continue the trend by breaking out of the 103.494-104.738 zone.
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(SPX500USD chart)
The HA-High indicator on the 1W chart is falling and is about to be created.
Therefore, I think it is highly likely that depending on where the candle closes this week, it will determine whether the mid- to long-term uptrend can continue or whether it will show a downtrend.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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5-3-5 or 3-3-5 corrective? It appears we have a 5-3-5 "zig zag" corrective wave down to the QE-era trendlines .( TLs ) The idea is invalid if it breaks out of the pitchfork trigger line. There are only 3 types of corrective waves, 5-3-5, 3-3-5 & 3-3-3-3-3. Since this correction started with a 5 wave down it should follow the 5-3-5 pattern.
However, there's also a decent chance the 3 wave is the first leg of a 3-3-5 "flat" corrective wave. Still a short here for 3 waves down at least. Plotted some scenarios in yellow. 3-3-5 would obey the inside pitchfork more, which will be watched closely near the fibs and bottom.
Technical Analysis:
We've had 3 weeks of resistance and failed the YTD daily chart bull TL. Volume dropped off sharply near the top indicating reversal. Weekly Stoch is rolling over. Failed the daily linear regression curve shown in orange. Anytime it crosses under the reg curve seems to be a safe short swing for 2+ weeks out. Sometimes it chops sideways for a week or so after first crossing under from a bull run. However, during the bear market it has always continued further down after first break. If it does violate this trend, then it's an indication the bear market really is over.
Fundamental analysis:
-DXY had a healthy bounce off the 50% retrace and broke the bear trend. It's looking to test 110 next. It's been 5 months of selling, mostly exacerbated by $80T in FX swaps that got trapped and capitulated. That's mostly settled now.
-Oil and NG both seem to have made support near trend lows. Oil's 20+yr fork median is around $70 and it's been ranging 70-80. NG is under it's 33yr POC of $2.57 and under the years long VAL. Both look like good investments. near the bottom of the current ranges.
-Some food commodities are still rising in price YTD, such as: eggs and egg products; coffee ; cocoa , & sugar
-Housing prices have dropped over 10% since the Summer and it could snowball into a bigger problem that forces people to finance at higher rates. Mortgage Backed Securities look like they're taking another leg down. Meanwhile personal Savings are near all-time lows and credit card delinquency is nearing ATHs. Along with slowing growth, layoffs and poor guidance; it sure sounds like a recession!
-CPI from the previous month was revised up then both CPI and PPI came in hot. Then Bullard mentioned 50bps rates still being on the table, which would indicate a misstep and panic on the Fed's part if that happens. The market currently has the terminal rate of 5.25% priced in, but that obviously isn't happening anymore. I would expect 6% terminal rate if they keep 25bps hikes extended or 7% if they go back to 50bps.
As the market slowly realizes the light at the end of the tunnel is much further away, they will panic and finally capitulate. It most likely bottoms around Sept Trip Witch if we get 50bps. Maybe late spring early Summer if just a few 25bps extensions.
Nasdaq -> It Is Over For BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the nasdaq recently had a very bullish breakout, breaking above a long term downtrend line and also confirming a weekly double bottom.
Hence I am now just waiting for a deep retest of the neckline of the double bottom before I think that we will start the next bull market from here.
On the daily timeframe we already bounced of the support zone once, showing that there is definitely some buying pressure, so I am now just waiting for a second retest before we will then see the 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:
NASDAQ Analysis (LONG BIAS)Hello all!
NAS100 is looking INTERESTING!
After a long sideways movement on this pair for the past week or so..
I have marked Liquidity and Imbalances, as well as my POIs of course! ;)
Will monitor LTF, wait for confirmation, and execute a LONG position targeting 13200!
Take care!
NQ1! NAS100 NASDAQ 2023 FEB 20 WEEK
NQ1! NAS100 NASDAQ 2023 FEB 20 WEEK
Result for week of 13 Feb yielded 368pts in total from 3 trades.
Market testing breakout area 12140-12271.
Possible scenarios:
1) Rotation Play between 12987-12811 and 12140-12271
2) Short on rest and reject of 12140-12271
Volume Analysis:
Weekly = Ave vol level bar close toward low = minor demand
Daily: Ave vol down bar close away from low = Minor demand
H4 = Ave vol up bar close toward high = minor demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12987-12927
12811 12572-12465 Rotation
12140-12271 11603
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
The next period of volatility is around February 20Hello?
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 1D chart)
After the next volatility period around February 20th, we need to see if it can hold above 12716.0.
If not, you should check for support around 12497.5.
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(DXY chart)
It is necessary to check which direction it deviates from the 103.494-104.738 section.
If it rises above 104.738-105.873, the investment market is likely to enter a recession.
I think it needs to fall below 102.020 for the investment market to be active.
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** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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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
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NAS100The NAS100 index appears to be bullish, as it has been displaying a consistent upward trend in recent times. This is largely attributed to positive market sentiment and a strong earnings season, which have contributed to the overall bullish outlook. Additionally, technical analysis of the NAS100 chart suggests a potential continuation of the bullish trend, further reinforcing the optimistic outlook for the index
NASDAG SELLPeace be upon you, there is a high probability of a decline in the Nasdaq market, with a retest of the downward channel trend, the market is in a correction and will continue to decline. We will see 12400 and 12300 level
NAS100| Will the rally continue? Hello traders,
Looking at NAS100 we can technically tell that the index printed a triple bottom plus a violation of the neckline. The index is trading above the 12000 psychological level which is acting as both the violated neckline of the triple bottom and the new demand. My anticipation is that the index will continue to rise if bulls strongly defend the 12000 key level. We are also paying attention to the Dollar index (DXY), which is currently trading within a falling channel. If we can be able to see DXY making a pull back down to 101, then we will definitely see NAS100 and other indices continuing to rally higher. 13600 is the next supply zone bears will be setting their eyes on. I will continue to monitor price today or tomorrow to see if it can give us a good confirmation to go long.
US DOLLAR INDEX
I would be glad to hear your opinion in the comment section below. Can we expect NAS100 continuing with its rally up?
Whether it can rise along the long-term uptrend line is the keyHello?
Traders, welcome.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a good day.
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(1D chart)
The key question is whether it can rise above the downtrend line and rise above 12716.0-12896.2.
If not, you need to make sure it is supported around 12119.2-12255.2.
Maintaining the price around 12119.2-12255.2 is of utmost importance to maintain the medium- to long-term bullish reversal.
However, in order to continue the mid- to long-term upward trend, the HA-High indicator on the 1W chart needs to fall a bit more so that it can fall.
If it falls below the uptrend line (1), you need to see if it finds support on zones 3 and 4.
-------------------------------------------------- -------------------------------------------
** All descriptions are for reference only and do not guarantee profit or loss in investment.
** If you share this chart, you can use the indicators normally.
** The MRHAB-T indicator includes indicators that indicate points of support and resistance.
** Check the formulas for the MS-Signal, HA-Low, and HA-High indicators at ().
(Short-term Stop Loss can be said to be a point where profit or loss can be preserved or additional entry can be made by split trading. This is a short-term investment perspective.)
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