Rebound before the market opens“Unemployment remains relatively low, but the cause may be minimal labor force participation rather than a booming economy,” said Richard Flynn, managing director at Charles Schwab UK. “Investors will be mindful that jobs reports are a lagging indicator that are often strong heading into a recession. Indeed, broader economic indicators have been weakening recently.”
Source: Bloomberg News
US NAS 100
Daily analysis & day trading setups NASDAQ NQ_F NDX 02 Sep 22Happy Friday, Happy NFP Day,
12281 is where it all hinges. The overall range is 220 to 375. Break of one of those levels and continuation will decide where we will go. NFP can be the decider.
Two direction prediction: Break of 12135 followed by 11989 will be opening the downside gates. Break out of 12475 followed by 12547 will bring lot of wind to the sails
Macro US Avg Hourly Earnings , Labor Force Participation, NFP
Buy
Break: 12 296, 365, 430, 522
Reversal: 12 200, 152, 115, 072, 11 989, 898
Sell
Break: 12 233, 186, 117, 058
Reversal: 12 318, 373, 406, 476, 522, 587
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Long Term Nasty Nas PredictionAs I look over the higher time frame for Nasdaq I start to see the potential for further downward movement. Knowing that the market does 1 of 2 things (rebalance or seek liquidity) it makes sense that the price would reach for a full symmetrical price swing (noted by the eye mark). This mark is in confluence with an institutional position that would have been held in a drawdown that needs mitigation. Now we have a narrative with confluence that backs the possibility of price reaching this level. Keep in mind that this play will most likely take a long time to complete but I think that ultimately it is where we are heading. Trade safe and secure the bag.
NAS100| What to watch out for ahead of NFP!Nas100 rebounded from the 12000 psych level and closed higher on Thursday. I will look out for this ahead and during NFP later today: If price close above the minor trendline then bulls will target 12600. However if bears defend the minor trendline and breaks below 12000, then NAS100 will find another support at 11500.
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Daily analysis & day trading setups NASDAQ NQ_F NDX 01 Sep 22Happy September, Happy Thursday,
The first level that NASDAQ needs to regain is 12300. Then 12550 & then 12700 to be back in safe territory. Line in the sand today is 12170
12K is blindly obvious psychological level. So organised/institutional money does not trade that level. So levels to watch are 11989, 927, 843 & 809.
Macro GB Mfg PMI, EU Unemployment Rate, US Jobless Claims, Nonfarm productivity, Labor Costs, Mfg PMI, Employment Index, New Orders Index
Buy
Break: 12 150, 212, 281, 365
Reversal: 12 087, 012, 11 920, 878
Sell
Break: 12 100, 058, 012, 927
Reversal: 12 170, 266, 297, 382, 476
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NASDAQ 100 BIAS // OUTLOOK IDEAHey guys! I want to do this more often so maybe every Monday // beginning of the week I can take the time to record me explaining my bias so I can journal as well as share why I see the market the way I do so that way It's both a learning experience for me and whoever else stumbles across this!
I want to this this so I can also keep track of my bias beginning of the week to how it has changed on Friday at the end of the week. So maybe eventually as I do these more I will also add End of the Week overviews as well!
I hope you guys enjoy, Thank you for watching and I promise as I do these more the content will only get better and I learn to share more/better value with you all!
Good luck and Good Trading!
Good signal to buy NASDAQAccording to what was reported, despite the price of the Nasdaq index rebounding yesterday from the level of 12185.00, this will not affect the main bullish path due to its frequent pivot above the main support extending towards 11400.00 and the formation of the 11690.00 level for additional support
All of the above makes us wait for the price to gather positive momentum during the current period to facilitate the task of achieving breaching the 12270.00 level and reaching the additional positive stations that start from 12525.00 and 12900.00 respectively.
Further downside is expected on NAS100USDNAS100USD - Intraday - We look to Sell at 12694 (stop at 12973)
The medium term bias remains bearish. Trading within a Bearish Channel formation. We are assessed to be in a corrective mode higher. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 12800, resulting in improved risk/reward.
Our profit targets will be 12009 and 11800
Resistance: 12800 / 13600 / 15200
Support: 12000 / 11000 / 10000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Daily analysis & day trading setups - NASDAQ NAS100USD 20220831Happy month end, Happy Midweek, Happy Wednesday,
So finally we are ending a volatile month.
NASDAQ is making bear flag after bear flag and breaking down since 13 530. Today, we are breaking down from another bear flag. However, the drops are becoming smaller.
The line in the sand for the day is 13 438.
If we break 12220, it will open up for 11925. Break out of 12475 with further move above 12670 will signal change in direction.
REMEMBER it's a mid week month end.
Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI
Buy
Break: 12 385, 435, 460
Reversal: 12 345, 300, 256, 230, 205, 157, 118
Sell
Break: 12 350, 325, 300, 256, 230, 141
Reversal: 12 382, 406, 447, 500, 560
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220830Happy Tuesday,
NASDAQ has cleared 100 DMA as well as 10 WMA this morning. Line in the sand is 12 550. Bulls have a long way to go >>> 12 700, 800, 950, 13 050 before they can gain control. Bears need to 12 375 followed by 12 280 to regain/retain control
Macro EU HICP, US Housing Price Index, Consumer Confidence, Fed's Williams Speech
Buy
Break: 12 675, 755, 815, 945
Reversal: 12 585, 500, 420, 325
Sell
Break: 12 595, 515, 435, 385, 350
Reversal: 12 700, 775, 830, 970
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220829Happy New Week, Happy Monday,
BE CAREFUL. NASDAQ is now stacking up >>> DMA200 > DMA10 > DMA100 > DMA50 > Price Action
Line in the sand today is 12590 but headwinds are strong. If DMA50+100 holds, there is chance of immediate recovery. Otherwise, break of 12380 will open up 12 280, 11990 and even 11695.
Macro Macro ECB Lane Speech, US Fed's Brainard Speech
Buy
Break: 12 475, 545, 583, 670, 795
Reversal: 12 380, 282, 205, 120
Sell
Break: 12 400, 300, 215,
Reversal: 12 547, 605, 700, 815, 900, 13055
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NAS100| What you should expect this coming week!Hello everyone,
This coming week I am bearish biased on NAS100 and the other indices. We can clearly notice the market structures that there were series of higher highs and higher lows that were printed until at the point where we saw the first higher low being violated. At that point the market structure changed from bullish to bearish and we are now in a downtrend seeing that the first lower high and lower low had been printed. The market closed below the first lower low on Friday. I am expecting a pull back and then a fall this coming week. I will look for selling opportunity after a pull back. My bearish biased is also influenced by the head and shoulders pattern that had been printed, which is a sign of trend reversal. With that in mind, I will target 12051 as my first target and if the level gets violated then I will look to hold some positions till 11500.
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NAS100 USD NQ1! NASDAQ 2022 Aug 29 Week
NAS100 USD NQ1! NASDAQ 2022 Aug 29 Week
Last week's Weekly TF's weakness overwrote Daily & H4's minor strength.
Test and reject of 13274 level provided good short opportunity.
Market is approaching previous R/S level, as well as the demand line
of the channel.
Possible scenarios:
1) Long if Channel support / 12442 support
2) Short on retracement / rejection at channel's supply line /
rejection of 12735
Weekly = Ave vol down bar close toward low, taking out 3 previous lows
= supply overcoming demand
Daily = High vol down bar close off low = minor demand
H4: Very high vol down bar close at low = possible bearish absorption
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735 12442
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NAS100 8/27/22no comment
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
Daily analysis & day trading setups - NASDAQ NAS100USD 20220826Happy Friday,
Line in the sand for NASDAQ stands at 13026 but the level to watch now is 13228. Break of that level and then 10 DMA at 13295 will mark a new start. JP will make or break this. That's the reason it has only moved 25% of the range so far.
Macro US Core PCE , PI/PS, Powell Speech, Michigan Cons. Sent. Index
Buy
Break: 13 095, 150, 180, 230, 300
Reversal: 13 030, 12 950, 910, 860, 830
Sell
Break: 13 070, 015, 12 990, 950, 890
Reversal: 13 130, 150, 200, 260, 310
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220825Happy Thursday, Happy GDP Day,
NASDAQ has created a nice double bottom + HS pattern with a breakout this morning from 12990
There are still a couple of levels to clear at 13075 and 13110 before bulls aim for 13230 again. Bears want to bring it below 13k to start with
Macro EU ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 050, 085, 125, 160, 230
Reversal: 13 030, 13k, 12 930, 885
Sell
Break: 13 035, 12 980, 950, 895, 840
Reversal: 13 100, 180, 230, 320
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Short term momentum is bearish on US Nas 100NAS100USD/b] - Intraday - We look to Sell at 13124 (stop at 13319)
Short term momentum is bearish. There is scope for mild buying at the open but gains should be limited. Horizontal resistance is seen at 13150. Resistance could prove difficult to breakdown. We look to sell rallies.
Our profit targets will be 12705 and 12600
Resistance: 13150 / 13600 / 15200
Support: 12700 / 12000 / 11200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Daily analysis & day trading setups - NASDAQ NAS100USD 20220824Happy Mid Week, Happy Wednesday,
NASDAQ has created a lot of headwinds at 12890, 12940 & 13040. However 12800 is standing like a rock at the moment. Will it hold?
12800 is our line in the sand
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 12 880, 940, 13 010, 050
Reversal: 12 780, 670, 580, 520, 470
Sell
Break: 12 800, 670, 590
Reversal: 12 885, 950, 13 020, 075, 110
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>