Daily analysis & day trading setups on NASDAQ NAS100USD 20220823Happy Tuesday, Happy PMI Day,
NASDAQ is now sandwiched between 10 DMA at 13 374 & 100 DMA at 12 659. Headwinds are getting stronger for NDX since it has broken below June 3 high. Bears want to bring it below 12 700 to regain control and bulls would like to push it back above 13230 to continue rally.
Welcome to an unstable market. Those who are old enough to have experienced or wise enough to have studied the market of DOT COM burst will know exactly what I am talking about
Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales
Buy
Break: 12 940, 13 010, 090
Reversal: 12 875, 790, 670, 580
Sell
Break: 12 885, 800, 695
Reversal: 12 960, 13 020, 110, 230
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 >>>
US NAS 100
NAS100 TO RISE TO 12000 ? Last week the market showed that people have mixed feelings about the market right now which showed in a consolidation from 11400 to 11700. Last night the market down to 11380 and exploded to the upside breaking out of the consolidation no trade area which also serve to be a high volume node and create a triple bottom formation. Since this market broke out of consolidation expect to see the market slightly retrace. As long as the market does not retrace below the start of the lvn at 11700 you can expect that the market will revisit the 11960 area.
Look for a retest of the past resistance at 11700 and turn it into a support and look to take advantage of a bullish run to 11960 which would match the fall area that it made when it fell on June 28
Daily analysis & day trading setups on NASDAQ NAS100USD 20220822Happy Monday, Happy New Week,
NASDAQ has weakened after breaking 13120. 13k level has psychological importance but important level is 12 875. Further break below 12800 will spell trouble. I am still going to trade Fibonacci Confluence levels.
Macro : US Chicago Fed National Activity Index
Buy
Break: 13 110, 200, 300
Reversal: 13 940, 830
Sell
Break: 13 050, 12 970, 855
Reversal: 13 125, 220, 340, 400
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 USD NQ1! NASDAQ 2022 Aug 22 Week
NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week
Last week's weakness and previous supply came in, manifesting in
Scenario2 short opportunity. Market closed at demand line.
Diminished volume informs us of low market participation, as such
whipsaw action may be expected. Trade with caution.
Possible scenarios:
1) Channel support for long opportunity
2) Short if channel support becomes resistance
Weekly = Ave vol down bar = minor weakness + UT
Daily = Ave vol down bar close off low = minor strength
H4: Narrow spread UHV bar close slightly off low = Strength coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14350 13580 12948
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Daily analysis & day trading setups on NASDAQ NAS100USD 20220819Happy Friday, Happy Janmashtami, Happy Opex day
NASDAQ100 is currently converging around 10 DMA. 13400 is the line in the sand. Bulls want to regain 13600 & bears want to continue to 13300.
Remember remember, the opex can dismember
Macro No news is good news?! but opex?
Buy
Break: 13 415, 485, 555, 580, 650, 745
Reversal: 13 300, 250, 170, 100
Sell
Break: 13 320, 265, 185
Reversal: 13 425, 500, 555, 595, 660, 760
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 on NASDAQ NAS100USD 20220818Happy Thursday,
The battle lines are drawn on NASDAQ. Bulls want to defend 13460 and bring it back above 13570 to march towards 14k.
Bears want to break 13400 & then 13220 to change the direction.
Our line in the sand is at 13500
Macro US Jobless Claims, Phil Fed Mfg Survey
Buy
Break: 13 515, 625, 760
Reversal: 13 360, 295, 100, 025
Sell
Break: 13 375, 310, 125
Reversal: 13 535, 650, 775, 895, 965
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 H1 one more Bulliish Push?OMXHEX:BULL_NQ100X1_NF1
NAS100
Looks like PRICE objective is to visit 13765.00 area before we see a significant correction back to 12432.00 area.
Alternatively we will keep on buying the deep to 15500.00 area for a Bullish Cypher pattern.
DISCLAIMER
Charts are educational, not INVESTMENT recommendations
NAS100 bears still marching to 13300. Short to 13317!The index fulfills my previous analysis and fell to 13450 as I predicted yesterday. The index is now trading below 13450, a level where I spotted a trendline crossing through it. This means bears are not giving up just yet, I expect the index to be red today until 13300. We are considering to take short positions with target at 13317.05.
If you like this idea please do show your support with likes. I appreciate your gesture of appreciation!
Follow me for trading ideas and updates like this.
Let's interact with comments in the comment section below. Don't be shy now. Talk to me:)
But don't forget to trade smart:)
Daily analysis & day trading setups on NASDAQ NAS100USD 20220817Happy Mid Week Day, Happy Wednesday, Happy FOMC Day,
NASDAQ has given up 13570 level which was vital turning point. Break of 13530 & 13480 will open downside. Reversal from 13530 & move above 13620 means we are in another bull run to 14k
Line in the sand is 13570.
Macro US Retail Sales, FOMC
Buy
Break: 13550, 13645, 13750, 13900
Reversal: 13460, 13375, 13230
Sell
Break: 13485, 13390
Reversal: 13670, 13785, 13940
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 >>>
Zoom out for the bigger picture1. Elon Musk is not stupid To keep all is money in failing market
2. The S&P 500 managed to post modest gains in a roller-coaster session that included a sharp
downturn after the index failed to push above its
200-day moving average. The tech-heavy
Nasdaq-100 ended lower, while the Dow Jones
Industrial Average kept its leadership role among
major benchmarks, rallying 0.7%.
3. Overnight Michael Burry of Scion Asset
Management, the investor made famous by
Christian Bale in "The Big Short," tweeted his
concerns over inflation and the risks that he says
are multiplying in the markets. Then he sold $100 Million USD worth of Equity to invest only in one firm called GEO.
If you can’t relate the trend analysis to the inflation red flags + the failing of 200-day moving average to push above 13,660$: Then it’s never been more clear to short the hell of if this inflated market.
Don’t bet of the market as if it’s a casino.
Invest with a clear mindset to minimize risk.
Good luck
Daily analysis and day trading setups on NASDAQ NDX 20220816Happy Tuesday,
Wisdom: The greatest secret of a successful trader is letting market be what it is instead of what you think it should be, and then make the best of it. So stop fighting for bulls or bears and make money.
Line in the sand today is 13646. Bulls want to keep it above that and go on to break 13680, 13710 & 13740. Bears are looking for 13590, 13560 & 13530.
Macro EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13680, 13735, 13820, 13955
Reversal: 13595. 13530, 13450, 13295
Sell
Break: 13600, 13540, 13470
Reversal: 13695, 13745, 13840, 13895, 13960, 14030
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on NASDAQ NDX 20220815Happy Monday, Happy New Week,
Nasdaq is technically in bull control. The line in the sand is 13450.
Macro Nothing of significance today
Buy
Break: 13560, 13650, 13740, 13825
Reversal: 13450, 13370, 13265, 13180, 13110
Sell
Break: 13470, 13380, 13290, 13200
Reversal: 13570, 13660, 13750, 13840, 13930
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>