NAS/SHORT CALL? WHERE IS THE SUPPORT?I think today will be the last day of liquidity on NAS after a triple top. NAS is still struggling to find its support level.
We will indefinitely see a trend reversal, however if NAS breaks current support I have drawn out my analysis to Short.
You can trail your Stoploss on breakeven and unload according to your LOT size.
US NAS 100
Nasdaq bearish channel or Xmas Rally Ok so we are ready to go in few hours time!
Take a look at this bearish channel and take it to consideration. As I explained in the previous post this is the perfect strategy and it is important to look at these major resistance and support levels which can ultimately decide the market direction. Personally I am looking at a big sell off as dollar has taken 2 weeks of punishment and as it is in a major support area.
Nasdaq Futures Strategy till the end of the year (Update Daily)Hi Guys,
It is my first post so getting used to the tools and stuff here so please don't mind the rubbish chart.
Anyways so the strategy is plain and simple:
Market is getting ready for the Xmas pump and has digested all the negative news for nas already. Today the dollar is most likely to collapse and go below the 4hr chart, which gives nasdaq the opportunity to go higher and go past 12k and build a new support level above it(potentially 12.5k) and continue the uptrend towards new highs in 2023.
Post your ideas and let me know I will update daily (Mon-Friday)
Give me a little follow as well
Thank you!
QQQ stays choppySince its recent peak on 15th November 2022, the price of QQQ drifted lower by about 4%. Currently, it trades for around 282$. We continue to be bearish on the Nasdaq 100 index and pay close attention to market developments. To support our bearish thesis, we would like to see QQQ continue to hold below the immediate support/resistance. Additionally, we would like to see a pick-up in volume accompanying a price decline. Contrarily, if QQQ breaks above the immediate support/resistance, it will be bullish.
As far as fundamental factors go, these support our bearish thesis on the macroeconomic level. The FED and other central banks are pursuing tighter economic conditions to beat high inflation, which will inadvertently slow down the economy even more. With that in mind, we dismiss that the primary downtrend has hit bottom. Accordingly, our price targets for QQQ stay at 280$ and 270$ (10 000$ for NQ1!).
Illustration 1.01
The setup we introduced recently remains valid.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are neutral. DM+ and DM- are bullish. Overall, the daily time is neutral.
Technical analysis - weekly time frame
Stochastic points to the upside. MACD also points to the upside but stays in the bearish zone. RSI is neutral. DM+ and DM- are bearish. Overall, the weekly time frame is neutral.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NAS100USD Will Go Lower! Short!
Hello,Friends!
In this market situation, I am looking at multiple indicators
And I can see bearish momentum accumulating on the pair right now
This sentiment makes me bearish biased and I am considering a short!
Like and subscribe and comment my ideas if you enjoy them!
NAS100USD: Long Trading Opportunity
NAS100USD
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Long NAS100USD
Entry Level - 11641.2
Stop Loss - 11293.3
Take Profit - 12161.6
Our Risk - 1%
Start protection of your profits from lower levels.
❤️ Please, support our work with like & comment! ❤️
Targeting key level. will we bounce or break?we are going in the path of the markets general direction based on the OVERALL trend. we have the potential to reach down to this first key level. will we bounce like last time? or will we finally break it this week? i say we have a heavy chance of breaking. but we will let the market lead first.
NAS100 NQ1! NASDAQ 2022 NOV 28 Nov
NAS100 NQ1! NASDAQ 2022 NOV 28 Nov
Apart from the rotation long from week of 7 Nov, nothing eventful
happened the last 2 weeks as NQ traded in narrow range.
Holiday season has kicked in, volume expected to remain thin.
Price may just slowly float upward due to lack of selling.
Possible scenarios:
1) Rotation zone 11730 - 10710: Trades can be executed at
boundary of range.
2) Short on rejection of 12140 / 11730, target 50% of range // extended target
to rotational support.
2) Breakdown scenario if redistribution schematic is fulfilled
= Short on test of breakdown of 10890 / 10485
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Weekly = Unconfirmed UT + ND up bar, possible weakness
Daily = UT observed, possible short opportunity.
H4 = Indecision. Supply and Demand need to resolve,
probably after thanksgiving weekend there'll be an outcome
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12140 11730
10710 10485 10000
9748
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Buying NASDAQ at previous swing highs.NASDAQ - Intraday - We look to Buy at 11613 (stop at 11463)
Majority of the initial daily losses being recaptured.
Bespoke resistance is located at 12232.
Bespoke support is located at 11613.
An overnight positive theme in Equities has led to a higher open this morning.
The bias remains mildly bullish but there is scope for a move in either direction at the open.
Our profit targets will be 11998 and 12098
Resistance: 12159 / 12232 / 12751
Support: 11490 / 11463 / 11200
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
Buying NASDAQ at previous swing highs.NASDAQ - Intraday - We look to Buy at 11601 (stop at 11449)
There is no clear indication that the upward move is coming to an end.
The 261.8% Fibonacci extension is located at 12160 from 10592 to 11191.
Risk/Reward would be poor to call a buy from current levels.
We look to set longs at our bespoke indicator levels (11600).
Our profit targets will be 11991 and 12091.
Resistance: 11933 / 12160 / 12466
Support: 11600 / 11360 / 10667
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
US100price advanced in a bullish impulse and has Brocken above our descending triangle which was taken as a correction expecting price to continue bullish