US NAS 100
NAS100 possibility of a short term bullish rally!NAS100 looks like it is printing a local demand zone at around 12000. One thing which is also interesting is that the index is printing a classic bullish reversal pattern. I assume the index is setting up for a short term bullish rally. For this setup to be validated and confirmed I will rather wait to see the falling wedge pattern getting violated to the top with clear confirmation of a bullish run (I will then have a clear perspective that bulls can be able to shift price to at least 13000).
On the other hand, if bears can be able to close below 12000 then it is more likely that price will keep on falling.
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NAS100 New Entries + Exits (Best Reverse Strat)My forex course regarding my strategy in full is now AVAILABLE!
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How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
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
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
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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 >>>