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2024-12-10 - priceactiontds - daily update - nasdaqGood Evening and I hope you are well. nasdaq e-mini futures comment: Beautiful bear channel and you should trade it until it’s clearly broken. We are going down but it’s weak selling. Bears barely get lower prices, even on increased volume. Means that there is also much scaling into longs for probably another big leg up. current market cycle: Bull trend - very late and we are in the very last stage of it key levels : 21000 - 21700 bull case: Bulls are keeping the market two sided, since the channel is shallow. Market closed only 80 points lower than yesterday. As long as bulls have strong pull backs in between, they are fine and they can scale into longs and make money. Bears have to take profits at new lows in fear of another big pull back higher. That is why we are mostly moving sideways, despite making lower lows and highs. Invalidation is a daily close below 21000. bear case: Bears are trying on increased volume but they are not doing enough damage to the bulls, to make more cover or prevent them from buying new lows. Bears can’t sell 21400 because we can easily test back up to the top of the channel. If bears are strong, they will keep it below 20500 tomorrow but I highly doubt that. I do think the high 21606 will hold. Trade the channel. Invalidation is above 22000. short term: Bullish for 21500ish. Maybe 21530. I favor one or two more legs down before Friday’s close. As of now with the structure we have, I can only imagine that we will see another full melt up from next week into year end. Maybe 22000. If this closes 2024 below 21000, consider me surprised big time. medium-long term: Will update this over the weekend. 22000 is a possibility but a bit far for now. Daily close above 20500 would bring it in play. First target for Q1 2025 is 19000. current swing trade: Nope trade of the day: Selling near 21600 was perfect. Bears showed strength in that area and once we broke below 21540, market never looked back.
CME_MINI:MNQ1!Long
by priceactiontds
Nasdaq Intraday Review - Tuesday 10 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None, but tomorrow is CPI News - None Directional bias - BUY. The M TF is very bullish and until there is a reversal pattern eg. DT on a high TF (like the D TF at least), I continue to hold my buy bias. Morning analysis: M TF - very bullish D TF - Price is right at the neckline area (marked in green) at time of writing this morning. If candles start closing below neckline towards the mushroom, Nas will turn bearish, because then a day DT has formed with the neckline broken down (change the D TF chart to a line chart and it will be easily visible). D fib retracement levels were broken down yesterday, in other words bulls were not able to overcome the bears at these levels and bears push down past these levels. Now only W retracement levels remaining. W 0.382 fib level is 2800 pips down (at time of writing in the morning). Bulls last defense against the bears is the D neckline (marked in green) and a strong D support level, exactly at the D neckline. So this is the level were bulls will have to step in if they do today. 4H TF - Shrinking red candles at C. indicate a loss of bearish momentum. Hoping that bulls will push up from the green support / neckline. Drawn in the SELL fib levels because these will be key take profit levels. Sell fib drawn from swing high at B. to swing low at A. As the day progressed: As the morning progressed a falling wedge pattern formed on the 1H TF, as marked by the thick pink lines. Entered a buy at the hand icon, when price broke upwards on the 15min TF - Confirmations: 1. Market pattern - Falling wedge pattern formed on 1H TF, right above key support. Pattern broken upwards, indicating that price is ready to move upwards 2. S&R - Green line represents D Neckline and key D support area. On the 1H TF, price is reacting to the 100 EMA, indicating that the torquiose EMA line is acting as dynamic support. 3. Trend - Buy is in the overall bullish trend of Nasdaq. Also the temporary downtrend line (the top pink line of the market pattern) is broken, indicating that price is ready to move upwards 4. Fib - None 5. Candlesticks - Shrinking candles on the 4H, indicating loss of bearish momentum Mental SL placed at the thick pink line. I was willing to risk more today because it might have come down one last time to test the green line, this was purely based on my feeling, which luckily turned out not be true. Luckily I had zero draw down and price shot up. I took partial profits at the top hand icon (because that was TP2 on the buy fib (as drawn) and then closed almost all the rest of my position at the blue arrow (when a strong DT started forming on the 15min TF). I left a runner open, just in case I could possibly benefit from a push up at CPI tomorrow, but this was taken out at entry ultimately. Majority of my profits was about 1000 pips. Stats: The total bullish move for the day was +- 1575 pips: I captured 63% of the total move (I'm happy with that). Amazing to see how price reacted to the sell fibs today. Fib levels are real baby! P.S. A note from yesterday's trading....I took a loss of 800 pips yesterday (I tried twice and hit SL twice). I was pretty bummed about it and didn't post :( Won't be trading CPI tomorrow, because I feel I cant stack the probabilities in my favour! See ya Monday! Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ: Buy near the 4H MA50.Nasdaq is bullish on its 1D technical outlook (RSI = 62.360, MACD = 259.490, ADX = 43.763) as it remains within the medium term Channel Up. The recent bearish wave is correcting the uptrend towards the 4H MA50, which if technically holds, should give way to the new bullish wave. The 4H RSI is headed towards its S1 Zone, which is the buying level so you can time the entries acccordingly. Our target is the 2.0 Fibonacci extension (TP = 22,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
US100 - 1H - Short Setup to $21,000 (Technical Analysis)The CAPITALCOM:US100 bounced from the upper side of it's wedge where it marked it's new ATH. On the way up we opened two gaps (red in the chart) which are still left to get closed. We also see a RSI divergence which implies we've seen the top for now and are heading lower (at least for the time being). Current targets would be the support at $21,184, then the trendline of the current wedge at around $21,000 and a bit lower the bigger support zone at around $20,600. If we break above $21,600 this short setup is denied. Target Zones $21,184 (Gap Close) $21,000 (Trendline) $20,600 (Bigger Support Zone)
NASDAQ:NDXShort
by LGNDRY-Capital
1
US 100 Trade LogUS100 Long Setup (1H) Trade Logic: - Entry: Long within the 1-hour Fair Value Gap (FVG) located in the discount zone relative to this timeframe. Confluence Factors: - Bullish Momentum: The market is strongly bullish, with price action consistently breaking resistance and forming higher highs. - Relative Aggression: While the FVG is in a discount zone on the 1H timeframe, higher timeframes do not confirm the same, making this a relatively aggressive trade. - Supportive Context: Recent pullback aligns with the FVG, offering a potential continuation opportunity as buyers step in. - Risk-Reward: Minimum 1:2 RRR with a tight stop-loss of 50 points, ensuring disciplined risk management. - Target: TP1 at the next intraday resistance; TP2 near psychological levels like 15,500. Macro Context: - Market Sentiment: Strong risk-on sentiment in equities as major indices rally, supported by favorable economic data and dovish central bank tone. - Tech Strength: Nasdaq constituents leading the charge with inflows into growth and tech sectors, further reinforcing bullish momentum. - Volatility: VIX remains low, indicating stable conditions conducive to continuation of bullish trends. Additional Consideration: While this setup is aggressive, the bullish momentum makes it a calculated risk worth attempting. Keep stops tight and monitor if price fails to hold the FVG. Reassess if higher timeframe resistance levels come into play, suggesting a larger pullback.
PEPPERSTONE:NAS100Long
by Fondera
USNAS100 / ATH, CONTINUE OR REVERSING Technical Analysis The price reached another ATH 21675, and now consolidating between 21535 and 21680 till breaking, stability below 21530 means it will drop to get 21420 and below that will get 21220 Otherwise, stability is above 21675 which means will push up to get 22000, especially if the 4h candle closes above it. Key Levels: Pivot Point: 21590 Resistance Levels: 21675, 21820, 22020 Support Levels: 21530, 21420, 21215 previous idea:
OANDA:NAS100USDShort
by SroshMayi
NASDAQ consolidation until the CPI.Nasdaq (NDX) hit our 21650 Target that we set exactly 2 weeks ago (November 25, see chart below) and is now entering a consolidation phase (orange Rectangle): As long as the 4H MA50 holds, the uptrend will stay intact within this 3-month Channel Up. We believe that this consolidation is similar to the September 13 - 19 price action, which also started after a +6.80% rise and with the support of the 4H MA50, it resumed the rally and peaked on the 1.5 Fibonacci extension. As a result, we expect Nasdaq to stay ranged until Wednesday's U.S. CPI report and following that to resume the uptrend, targeting 22300 (just below the 1.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
NQ Futures Update: Warning Signs Flashinghe Nasdaq 100 futures (NQ) is exhibiting several concerning signs that suggest a potential downturn could be on the horizon. Traders should exercise caution and be prepared for a possible wave of selling pressure. Resistance Rejection: The NQ has recently encountered strong resistance. Multiple failed attempts to break above this key level could signal that sellers are gaining control. Breakdown Below Support: A break below the red box support level could trigger a further decline. This would likely be accompanied by an increase in selling volume and negative sentiment. Rising Volatility: An increase in implied volatility, as reflected in the VIX index, suggests growing uncertainty and fear in the market, which could precede a broader market sell-off. Potential Downside Targets If the bearish scenario unfolds, the NQ could potentially drop to the displayed support levels While the NQ is showing signs of weakness, it's important to remember that markets can be unpredictable. A sudden shift in sentiment or unexpected news could quickly change the outlook. Traders should closely monitor price action, manage risk effectively, and be prepared for volatility in the near term. Disclaimer: This is not financial advice. Please conduct your own research and consult with a financial professional before making any investment decisions.
CAPITALCOM:US100Short
by SwingSamurai_QMA
Wave Life Sciences (WVE) AnalysisCompany Overview: Wave Life Sciences NASDAQ:WVE is a pioneer in RNA-targeted therapies, focusing on rare genetic diseases and conditions with significant unmet medical needs. Key Growth Catalysts: Breakthrough in RNA Editing 🧬 WVE-006: Demonstrates the first-ever in-human evidence of RNA editing, a historic milestone for RNA medicine. This platform unlocks new opportunities to treat genetic diseases with precision, differentiating Wave from peers. Expanding Obesity Market Opportunity 🌟 WVE-007: A promising GalNAc-siRNA therapy targeting INHBE, addressing the multi-billion-dollar obesity market. Clinical trials begin in Q1 2025, offering a potential blockbuster treatment for obesity—a market in high demand. Duchenne Muscular Dystrophy (DMD) 🚀 WVE-N531: Positive interim data highlights its potential to secure accelerated approval, providing new hope for DMD patients. Innovative Pipeline & Chemistry 🔬 Wave’s PRISM platform and advanced stereopure chemistry give it a competitive edge in RNA therapeutics. A robust pipeline targeting various high-value indications reinforces long-term growth prospects. Investment Outlook: Bullish Stance: We are bullish on WVE above $12.50-$13.00, driven by groundbreaking RNA editing advancements, an expanding obesity opportunity, and promising DMD data. Upside Target: Our price target is $24.00-$25.00, reflecting transformative potential across multiple programs and significant upside in addressing major unmet medical needs. 🔹 Wave Life Sciences—Unlocking the Power of RNA Medicine! #WVE #RNAEditing #Biotech #Innovation
NASDAQ:WVELong
by Richtv_official
UPS - Delivering A Trend Continuation...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 UPS has been overall bullish long-term , trading above the orange trendline. Currently, UPS is in a correction phase trading within the falling channel marked in black. Moreover, the zone marked in blue is a strong demand zone and round number $100. 🏹 The highlighted blue circle is a strong area to look for buy setups as it is the intersection of the demand zone and lower trendlines acting as non-horizontal support. 📚 As per my trading style: As #UPS approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NYSE:UPSLong
by TheSignalyst
1
TSLA on the go...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 After rejecting the $200 round number zone and breaking above the red channel, TSLA's momentum shifted from bearish to bullish. Currently, TSLA is in a correction phase and approaching the green demand zone and round number $300. 📚 As per my trading style: As #TESLA approaches the $300 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
NASDAQ:TSLA
by TheSignalyst
3
NAS100 - Nasdaq will welcome Santa Rally?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index corrects towards the demand zones, you can look for the next Nasdaq buy positions with the appropriate risk reward. In recent days, financial markets have experienced a notable influx of capital. According to a report by Bank of America, capital flows amounted to $8.2 billion into equities, $4.9 billion into bonds, and $3.0 billion into cryptocurrencies. This marks the largest four-week inflow into cryptocurrencies, totaling $11.0 billion. Capital inflows into U.S. equities continued for the ninth consecutive week, totaling $8.2 billion. Additionally, a $4.6 billion investment in small-cap U.S. stocks pushed the 2024 inflows to record highs. Over the 12 months ending in November, an average of 186,000 new jobs were created each month. On a monthly basis, the highest job growth was observed in healthcare, leisure, and government sectors. Employment in the transportation equipment manufacturing sector also saw a boost following the resolution of labor strikes. Recent economic data continues to highlight contractionary pressures and their effects on the U.S. economy. At first glance, November’s NFP employment report indicates a resilient and strong labor market, with the U.S. economy adding approximately 227,000 jobs. This growth was largely due to the recovery of jobs lost to recent hurricanes in the Southeast and the resolution of Boeing labor strikes, both of which had reduced employment figures in October. The October report was also revised upward to 36,000 jobs. Unemployment rose to 4.2%, while labor force participation declined. Despite this, unemployment remains relatively low, though it may rise in the coming months if contractionary pressures persist. This week, major events in global central bank policies are expected to take place. Dubbed by some as the “central banks’ decisive week,” it begins with the Reserve Bank of Australia (RBA) decision. Key U.S. economic data, particularly the Consumer Price Index (CPI), will play a pivotal role in shaping Federal Reserve policies. Investors are primarily focused on inflation data. The November CPI report is set to be released on Wednesday, followed by the PPI report on Thursday. These figures will serve as a precursor to the Federal Reserve’s interest rate decision next week. Projections indicate that annual CPI may rise from 2.6% to 2.7%, while core CPI is expected to remain steady at 3.3%. If no stronger-than-expected data emerges, the Federal Reserve is likely to lean toward reducing interest rates, with the possibility of halting monetary easing in the January meeting. The December 2024 global economic outlook report by Fitch highlights rising inflation risks in the U.S., driven by stronger-than-expected consumer spending, upcoming tariff increases that raise import prices, and slowed labor force growth due to reduced net migration. Fitch forecasts that global growth will decline to 2.6% in 2025, a figure largely unchanged from its September report. However, this global stability masks significant shifts in the economic growth forecasts of major countries. U.S. economic growth for 2025 has been revised up by 0.5% to 2.1%, while the Eurozone’s growth forecast has been reduced by 0.3% to 1.2%. Similarly, China’s growth forecast for 2025 has been lowered by 0.2% to 4.3%. The persistent inflationary trends observed in recent months are unlikely to change significantly with the November CPI report. The CPI data, due on Wednesday, is one of the final and most important indicators ahead of the December 18 Federal Reserve meeting. It may influence FOMC members’ decisions on whether to reduce or halt interest rate cuts. Currently, there is a strong probability of a 25-basis-point cut in the upcoming meeting. Meanwhile, Donald Trump, the U.S. President-elect, stated in an interview with NBC’s “Meet the Press” that he has no plans to request the resignation of Jerome Powell, the Federal Reserve Chairman. Trump emphasized that he does not intend to replace Powell and will continue to work with him. In recent years, financial and tech markets have witnessed remarkable shifts. One such change is the shift in focus from semiconductor companies to AI-related software firms. After a significant rally in semiconductor stocks like NVIDIA and AMD, market enthusiasm has now shifted toward software companies such as Snowflake and Palantir. This reflects a growing realization that AI’s true potential lies in its applications across industries, rather than solely in the hardware enabling it. Semiconductor firms were the initial beneficiaries of this AI boom, but the market is now gravitating toward companies implementing AI in practical and operational ways.
CAPITALCOM:US100Long
by Ali_PSND
NASDAQ - Technology Leads Amid Challenges and OpportunitiesNASDAQ - Technology Leads Amid Challenges and Opportunities The NASDAQ index continues to capture investor interest, buoyed by the strength of technology and artificial intelligence (AI) stocks, while navigating regulatory, economic, and geopolitical hurdles. The latest macroeconomic updates and Federal Reserve signals add further dimensions to the narrative shaping the index’s performance. Here’s an expanded analysis, incorporating fresh data and insights. --- Key Macroeconomic Updates Influencing NASDAQ Inflation and Sentiment - University of Michigan 1-Year Inflation Expectations: Actual 2.9% (Forecast 2.7%, Previous 2.6%) This slight increase in inflation expectations signals that consumer inflation concerns remain elevated, despite Federal Reserve efforts. Persistent inflationary pressure could temper optimism around rate cuts. - University of Michigan Sentiment Index: Actual 74.0 (Forecast 73.2, Previous 71.8) The stronger-than-expected sentiment reading reflects consumer confidence in economic resilience, which could support continued spending on technology and digital services, bolstering the NASDAQ index. Labor Market Insights - US Unemployment Rate: Actual 4.2% (Forecast 4.1%, Previous 4.1%) A modest uptick in the unemployment rate suggests a cooling labor market, potentially reinforcing the case for monetary easing. - US Nonfarm Payrolls: Actual 227k (Forecast 220k, Previous 12k, Revised 36k) Strong job growth underscores economic stability but adds complexity to the Federal Reserve's inflation battle. - US Average Earnings YoY: Actual 4.0% (Forecast 3.9%, Previous 4.0%) Wage growth remains steady, indicating ongoing consumer spending power but also signaling potential inflationary pressures. Federal Reserve Dynamics - Fed's Bowman: Progress on inflation seems to have stalled. This commentary reinforces market expectations of a more accommodative monetary stance to counter economic headwinds. - Short-Term Interest Rate Futures: A sharp rise post-jobs report indicates an 85% chance of a rate cut in December, up from 67%. Lower borrowing costs would directly benefit the tech-heavy NASDAQ, as growth stocks typically outperform in low-rate environments. --- Seasonal and Sentiment Factors Historical Seasonality December has historically been favorable for the NASDAQ, driven by: - **Seasonal Consumer Spending:** Electronics and digital services see a surge, supporting revenue for tech companies. - **Portfolio Rebalancing:** Institutional investors often position portfolios for growth into the new year. - **Optimism Around Innovation:** End-of-year announcements and advancements in technology further fuel investor enthusiasm. Investor Sentiment - The **Fear & Greed Index** remains at 53, leaning toward greed, signaling potential for continued short-term market gains. --- Revised NASDAQ Outlook Positives: 1. **Tech Momentum:** The AI-driven rally continues, with companies like Microsoft and Meta capitalizing on innovation and demand. 2. **Federal Reserve Support:** Increasing odds of rate cuts and gradual disinflation expectations create a favorable macro backdrop. 3. **Resilient Economic Indicators:** Strong labor market and durable goods data point to economic stability. Risks: 1. **Regulatory Headwinds:** Scrutiny over AI and antitrust issues may weigh on tech giants like Microsoft and Meta. 2. **Inflation Uncertainty:** Stalled progress on disinflation could delay aggressive monetary easing. 3. **Geopolitical Tensions:** Ongoing global supply chain disruptions pose risks to the tech sector. Conclusion The NASDAQ index is well-positioned to close the year on a strong note, underpinned by robust demand for technology, favorable monetary conditions, and consumer confidence. However, vigilance is essential as regulatory, geopolitical, and inflation-related risks remain prevalent. Key developments, including Federal Reserve decisions and corporate earnings, will be pivotal in shaping the index's trajectory into 2024.
CAPITALCOM:US100Long
by InvestMate