Nasdaq
NAS100 - Nasdaq, no interest in Santa Rally!The index is above the EMA200 and EMA50 in the four-hour timeframe and is trading in its descending channel. If the index corrects towards the demand zone, you can look for the next Nasdaq buy positions with the appropriate risk reward. Nasdaq being in the supply zone will provide us with the conditions to sell it.
In the annual rebalancing of the Nasdaq Index, the shares of Tesla, Meta Platforms, and Broadcom saw a reduction in their weighting, while Apple, Nvidia, Microsoft, and Alphabet gained more weight. According to data compiled by Bloomberg, this marks the second time in roughly a year that index regulators have adjusted the allocations for its largest members.
The rules governing the Nasdaq 100 are designed to prevent a small number of companies from exerting excessive influence on the index. These rules have become increasingly relevant in recent years due to the extraordinary growth in market value of major companies and advancements in artificial intelligence. Although the Nasdaq 100 is weighted by market capitalization, certain limits are enforced if a few companies grow disproportionately large.
This recent rebalancing may have been prompted by a rule that allows regulators to reduce the weighting of the top five companies to below 40%, with other adjustments made accordingly. Steve Sosnick, chief strategist at Interactive Brokers, remarked, “At times, the Nasdaq 100 has to take such measures because it becomes a victim of its own success; the largest stocks in the index have grown significantly faster than others.”
This year, the shares of major technology companies have risen sharply due to advancements in artificial intelligence. Broadcom, a key chip supplier for Apple and other tech giants, reached a market value of $1 trillion. Tesla also surged by around 75% following the U.S. presidential election.
In the Nasdaq 100, Apple’s weighting increased from 9.2% to 9.8%, while Nvidia rose from 7.9% to 8.4%. Microsoft and Amazon also gained weight, and Alphabet saw a slight increase. However, Broadcom’s weighting fell from 6.3% to 4.4%, Tesla’s dropped from 4.9% to 3.9%, and Meta’s decreased from 4.9% to 3.3%.
Currently, over 200 exchange-traded products, with combined assets totaling approximately $540 billion, track the Nasdaq 100 or its variations globally. Athanasios Psarofagis of Bloomberg Intelligence noted, “This highlights the increasing influence of index providers on market dynamics.”
Last year, thanks to the resilience of the economy, strong earnings reports, a 100-basis-point rate cut by the Fed, and the leadership of the Mag7, the S&P 500 recorded 57 new all-time highs (ATHs).
On Friday, Richmond Fed President Tom Barkin, speaking at the Maryland Bankers Association, outlined the conditions needed for rate cuts and discussed the broader impacts of the new tariff plan proposed by President-elect Donald Trump. Barkin downplayed the immediate and direct effects of the tariff program. Markets do not anticipate any rate changes in the upcoming Fed meeting.
The private and non-farm payrolls report (ADP) set to be released on Wednesday, along with Thursday’s weekly jobless claims data, could offer a clearer picture of the U.S. labor market ahead of the Non-Farm Payrolls (NFP) report. Additionally, the ISM Services PMI for December, scheduled for release on Monday, could provide further insights into the overall performance of the U.S. economy, as the services sector accounts for over 80% of GDP.
The minutes of the December Fed meeting will also be published on Wednesday, but they are unlikely to have a significant impact on markets as updated economic forecasts have already been released.
The November Non-Farm Payrolls (NFP) report showed a sharp increase in job creation, with 227,000 new jobs added to the U.S. economy. This contrasted with just 12,000 jobs added in October, marking the weakest job growth since December 2020. If the December report also indicates that October’s weakness was temporary, some investors might conclude that even two rate cuts in 2025 would be excessive. This could contribute to the continued strength of the U.S. dollar against other major currencies.
The key question is whether the stock market, given expectations of fewer rate cuts, will continue its downward trend or recover with signs of robust economic performance.
ROAD TO 53K TRADING MNQMNQ Trade targetting buyside liquidity.
Give me a like and Follow if you enjoy this type of content and would like more. I will be working heavily on getting funded and sharing my trading journey with other aspiring day traders.
Looking forward to this new trading week! WHOS EXCITED, COMMENT DOWN BELOW 👇
Urban Outfitters (URBN) AnalysisCompany Overview:
Urban Outfitters NASDAQ:URBN is a prominent global lifestyle retailer, operating a diverse portfolio of brands such as Anthropologie, Free People, and Urban Outfitters. By embracing trends like sustainable fashion and enhancing omnichannel strategies, URBN demonstrates resilience and adaptability in a dynamic retail landscape.
Key Catalysts for Growth
Nuuly's Sustainable Fashion Success:
Nuuly Rental Service: A 51% year-over-year growth in active subscribers showcases URBN's ability to align with consumer preferences for sustainable and flexible fashion.
Capitalizing on the growing circular fashion economy, Nuuly strengthens URBN’s brand differentiation.
Wholesale Segment Resilience:
Despite industry headwinds, URBN’s wholesale segment posted a 3% revenue increase, reflecting operational agility and strong relationships with retail partners.
Strategic Store Expansion:
New store openings across global markets enhance URBN's reach, while strategically curated store experiences resonate with target demographics.
Digital Innovation:
Investments in e-commerce platforms and personalized online shopping experiences position URBN to capture a larger share of digital-first shoppers.
Brand Diversification:
Anthropologie and Free People continue to perform strongly, appealing to niche audiences and reducing reliance on a single revenue stream.
Market and Financial Outlook
Sustainable Fashion Momentum: As more consumers embrace rental and resale models, URBN is positioned to lead this shift, driving recurring revenue streams.
Omnichannel Strength: With a robust digital presence complementing its physical stores, URBN is poised to capture growth in both online and in-store shopping segments.
Investment Thesis
Bullish Case:
URBN’s focus on innovation, sustainability, and diversification enhances its competitive edge, making it well-suited for growth despite broader retail challenges.
Entry Point: We are bullish on URBN above $47.00-$48.00, supported by strong technical indicators and a resilient business model.
Upside Target: Our price target is $78.00-$80.00, reflecting confidence in URBN's ability to sustain growth and capitalize on emerging retail trends.
🌟 URBN—Innovating Retail, Driving Sustainable Growth. #FashionInnovation #Sustainability #OmnichannelRetail
NASDAQ Weekly Outlook: Key Support, Resistance, and Potential Sen this video, we dive into the Nasdaq’s recent price action and highlight the major support and resistance zones to watch in the coming week. We’ll review key swing levels, discuss possible bullish and bearish scenarios, and explore the importance of volume profiles in anticipating trend shifts. Whether you’re new to trading or looking for fresh perspectives, this breakdown will help you plan your trades with added clarity
NAS_2025_road-to_22500this is my view for NAS to 22 500, for early Q1
various macro economic factors, but mainly we have not seen the contribution of MicroStrategy as a major player using BTC as a backing and a company with a 74% YTD results because of BTC
so next round i suspect they would offer EFT shares to finance next purchase of BTC for the all time high of BTC to $120k
New Monday For Nasadaq Trading Strategy 25.01.04Hello, this is Greedy All-Day.
Today, we’ll be analyzing the NASDAQ, focusing on recent results and strategies for Monday's market.
Friday’s Briefing Results
Buy Signal:
Trigger: Breakout above the resistance trendline and the 21360.
Outcome: The NASDAQ experienced significant upside, though it did not reach the maximum target of 21575.
Profit: The price movement offered approximately $5,000 per contract for a range of 250 points.
Sell Signal:
Trigger: A break below 21120 was required for sell entry.
Outcome: The level was not breached, so no sell trades were triggered.
Monday’s Market Strategy
Let’s first analyze the daily chart:
Following Thursday’s decline, the price tested the Ichimoku Cloud's support.
Although the 20 EMA wasn’t touched, the daily candle closed as a bullish candle.
Notably, the Lagging Span found support at the candles, which can be seen in the green box.
Key Resistance: If the price breaks above the 20 EMA, the next major resistance is 21812, supported by the blue box candlesticks as evidence.
Buy Entry Points
Recommended Buy Zones:
First Entry: Above 21575
Reasoning: This level represents the resistance encountered during the December 30 session and Friday’s high.
Caution: A breakout above the Daily 20 EMA is essential; otherwise, resistance is likely.
Targets:
TP1: 21645
TP2: 21670
TP3: 21740
Second Entry: Above 21746 + Resistance Trendline Breakout
Reasoning: Breaking the black box supply zone opens the door for a one-way rally, as there are no significant overhead resistances.
This scenario also implies a clear breakout above the daily 20 EMA, signaling strong bullish momentum barring any unexpected news.
Targets:
TP1: 21812
TP2: 21895
TP3: 21935
Sell Entry Points
Recommended Sell Zone:
Trigger: Break below the ascending trendline + 21345
Reasoning:
Historical support at 21345 has been confirmed multiple times (black box zone).
A break below this level, coupled with a trendline breakdown, would suggest a shift to a corrective trend.
Additionally, this level acted as a pullback zone during Friday’s rally, suggesting significant supply if revisited.
Targets:
TP1: 21265
TP2: 21206
TP3: 21120
Extended Scenario:
If 21120 (marked in the blue box) is breached, additional downside is likely.
While new entries are not recommended, breaking this level increases the probability of testing Thursday’s low.
Conclusion
The market showed downward momentum from Monday to Thursday last week, followed by a recovery on Friday.
As a futures trader, I always consider both bullish and bearish scenarios, emphasizing the importance of flexibility and preparation. This approach ensures we can adapt to any market conditions effectively.
Take some time to rest over the weekend, and let’s aim for another successful trading week ahead. 🚀
NASDAQ Double Bottom starting the new bullish waveNasdaq / US100 is trading inside a 5 month Channel Up.
The price made a Double Bottom on January 2nd and rebounded today back to hit the 4hour MA50.
If it crosses above the Falling Resistance, we will have a technical confirmation of the new bullish wave, similar to September 12th 2024.
That bullish wave hit the 1.236 Fibonacci extension.
Buy and target 22400 (Fib 1.236).
Previous chart:
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USNAS100 / Market Update: Price Action and Trend AnalysisUSNAS100 Technical Analysis
The price has dropped and stabilized in the bearish zone after breaking the support level at 21,215. As long as it trades below 21,215 and 21,150, the bearish trend will continue toward 20,990. If it falls below this level, it may reach 20,860.
On the other hand, a 4-hour candle closing above 21,220 would indicate a bullish trend, targeting 21,395.
Key Levels:
Pivot Point: 21150
Resistance Levels: 21220, 21395, 21530
Support Levels: 20990, 20860, 20670
Trend Outlook:
Bullish: Above 21,220
Bearish: Below 21,150 and 21,220
Nasdaq 100 indices Crash TargetHello guys , Wish you all a very Happy New Year 2025.
lets begin the Month with Positive results irrespective of market moves. Anticipating Nasdaq 100 to take out it Support level and move below 20800 level. which we can target.
i have used a cfd contract so refer a 15 min charts on your terminal to get the exact level as per your broker. let me know if u guys are comfortable with cfd or futures contract for nasdaq and us500.
Take care
NASDAQ Analysis: Key Levels and Trading Opportunities 25.01.03Hello, this is Greedy All-Day.
Today, we’ll dive into a detailed analysis of the NASDAQ, starting with a review of the recent trading signals and results.
Briefing Results
1. Sell Signal: Red Box Entry
Entry Trigger: During the Asian session, prior to the Hang Seng market opening, the NASDAQ broke below Tuesday’s low of 21177.
Result: Price quickly reached the target of 21128, delivering a clean, decisive trade.
Profit: $1,000 per contract for a 48-point range.
2. Buy Signal: Green Box Entry
Entry Trigger: During the transition between the Asian close and the European open, the price rebounded strongly, presenting a buy opportunity.
Result: The maximum profit for this trade was 133 points, or approximately $2,660 per contract.
3. Sell Signal: Light Blue Box Entry
Entry Trigger: During the U.S. session, the NASDAQ broke below the previous low of 21006. Although there was a notable rebound afterward, the price met its target.
Observation: The candlesticks showed significant lower wicks, indicating strong attempts to hold support.
Profit: $2,600 per contract for a 130-point range.
Total Briefing Results:
The maximum combined profit from these trades was $6,260 per contract, demonstrating the effectiveness of the strategy.
Daily Chart Analysis
The price tested but failed to sustain inside the Ichimoku Cloud, confirming a rebound at the lower boundary.
The Lagging Span (Chikou Span) has now intersected with the candles, signaling a pivotal moment.
Key Watch Point: Whether the Lagging Span finds support at the candles or falls below them will be critical for determining the next directional move.
Trend and Market Structure
The NASDAQ remains firmly within a descending channel.
A repeated pattern has emerged: modest gains during the Asian and European sessions, followed by a bearish reversal during the U.S. session.
Breakout Requirement: A breakout above the blue box at 21575 is essential for confirming a shift out of the current downtrend. Until this occurs, the channel’s movement will likely persist as the prevailing trend.
Buy Opportunities
Recommended Entry:
A breakout above the black box zone and the horizontal resistance at 21360 is required for a valid buy signal.
Why This Zone Matters:
On the 4-hour chart, this level aligns with the 20 EMA, which has acted as a resistance during U.S. session pullbacks.
Breaking above this level would signal renewed bullish momentum.
TP: 21421 / 21456 / 21492 / 21523 / 21575
A move beyond 21575 would strongly indicate a potential trend reversal, providing room for further upside.
Sell Opportunities
Recommended Entry:
A conservative sell entry would occur if the price breaks below 21120, a key support zone.
Reasoning:
The lack of clear support below this level increases the risk of rapid, one-way moves.
Observing how the price reacts to this zone will be critical for managing risk.
Targets:
Initial target: 20984 (yesterday’s low).
Below 20984: If this level fails, the downside potential becomes unpredictable and will depend on market momentum.
Conclusion
The NASDAQ is currently at a critical juncture, with clear opportunities for both bulls and bears:
For Buyers: Focus on breakouts above 21360 and 21575, as these levels are pivotal for a potential trend reversal.
For Sellers: Watch for breakdowns below 21120, with the potential for significant downside if 20984 is breached.
While the market remains volatile, patience and precision in executing trades at key levels will be essential for success. Let’s stay disciplined and take advantage of the opportunities the market provides. 🚀
Short Position - NASDAQShort Position Entry: Consider initiating a short position if the Nasdaq-100 Index falls below 21,000.
Stop Loss (SL): Set a stop loss at 21,555 to manage potential losses.'
Market Sentiment: The combination of the Federal Reserve's cautious approach and rising inflation may contribute to a weakening market sentiment, potentially leading to a downward movement in the index.
his recommendation is for educational purposes only. Always consult your financial advisor before making any investment decisions. Stock trading involves risks, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
Nasdaq Intraday Review - Thursday 2 Jan 2025I 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 - Initial jobless claims @ 13:30
News - None
Directional bias - Not sure, will decide after analysis
Morning analysis:
M TF - Doji formed on the M TF, with a long upper wick of 11'636 pips. This indicates that bulls may have run out of steam to push price higher. Sellers may be entering the market at this point. So price could either be stalling at this level and then push through upwards, or bears may take control at this level and push price down. Price action on the lower timeframes will answer that question.
W TF - DT has formed and price is currently below the neckline. The candle for this week has not closed yet and so we don't know for sure if neckline is in fact broken downwards (can only reach this conclusion once the candle is closed). But either way, price is very bearish, with sellers currently holding price below neckline. Also have a temporary uptrend line on W TF seemingly broken downwards (again can't know for sure until this weeks candle closes).
D TF - I interpret the chart to indicate a massive DT with the neckline broken downwards. So I see very bearish price action. The Day candles have closed below the weekly DT neckline for 2 days in a row - very bearish. But in the early morning trading of today, price spiked down low and bulls have managed to fight back and push price higher (at time of writing). So maybe the W 0.618 level is holding strong.
4H TF - Bulls have pushed past the 4H 0.382 and 0.50 fib levels and price now at the 4H 0.618 fib level. This indicates that bulls have found strength. Also we have a small dojiísh green candle, followed by a gap up and the a long wick bullish green candle that has a body that is much larger than the previous candle. This indicates that bulls are (so far) building momentum upwards, even after a strong bearish push down (the long wick). However, price is at a very strong S&R zone (as indicated by the red highlight), so it remains to be seen if bulls can break this resistance zone.
1H TF - Early this morning there was a DB formed right at the W 0.618 level. If I was awake then, I definitely would have taken that buy. Price moved up and broke the pivot point + the 30min & 1H EMA, indicating that price is very bullish.
Falling wedge pattern noted on the 4H and 1H TF (as marked in blue lines). These tend to break upwards, but can break in either direction.
So the higher TF's are bearish and lower TF's are bullish, meaning we do not have TF confluence (all TF's are not saying the same things).
I have already missed the buy, so I think considering the bearish indications on the higher TF's, today I will look for a sell!
I will wait until the lower TF's are also giving bearish signals and then we will have TF confluence i.e. all TF's giving bearish signals.
If that doesn't happen and price moves up, then I am happy to sit on the sidelines and wait a day or two until Nasdaq direction is clear again.
The 7am 4H candle closed with a candle body bigger than the previous 4H candle. Indicating that bulls are picking up momentum and effectively breaking the 0.618 sell fib level.
As the day progressed:
A nice DT formed at the 4H 0.618 fib level.
Entered a sell at the bottom hand icon - Confirmations:
1. Fib - 4H 0.618 fib
2. Trendline - temp uptrend broken downwards (as marked with the light blue line)
3. Market pattern - DT on 30 min TF with neckline broken down which formed at the top of the falling wedge pattern (i.e. at the downtrend line)
4. S&R - DT formed on strong S&R zone
5. Candle sticks - none
Mental SL placed at the thick pink line, which was above the highest close of the DT peak.
Price moved upwards with strength and momentum and closed a 15min candle above my mental stop and I closed my position - took a loss of 560 pips
Turned out just to be a spike upwards when the 30min candle closed red with a long wick spike sticking up.
Nasdaq can be such a bi@@tch sometimes with it's hectic spikes.
So I re-entered a sell at roughly the some level as my first entry.
Unfortunately for me, price moved up again, because the 1H + 30min EMA provided dynamic support.
I closed my position at the blue arrow, taking another loss of 550 pips.
So that's more than 1'000 pips on a full position size.
This trade would have been higher quality if the 30min and 1H EMA's were broken down too.
Then even though I had identified the red highlighted zone as a strong area of confluence for a sell (4H EMA + D 0.318 + W neckline), I took no action when price got there.
Usually on area's of interest, I would move down to the 5min TF and take a position once a price reversal pattern forms.
However, I am so used to working in a bullish environment that my brain didn't register what to do in a bearish environment.
It sound's dumb because I literally didn't click that I need to take action now. I am not used to applying my strategy in reverse.
So what I should have done is enter a sell again at the squiggly line on the 5min DT. Would have made a few thousand pips.
But would have, could have, should have.
Point is that I didn't take the sell and I do know from the past that I struggle to apply my strategy in reverse.
Lesson: Write actions directly on my chart for bearish biases.
I do take comfort from the fact that my analysis was ultimately correct (at time of writing), I just didnt find the correct entry today.
Out for the day, I like to limit my daily losses to 1'000 pips.
I know I can easily make this up and prefer to live to trade another day than trying to revenge trade.
Hope you had a better 1st day trading than me! :)
The total bullish move for the day was 3'100 pips (at time of posting)
I captured ZEROOOOOOOO % of the total move AAAAAHHHHH :(
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
MSTR - The Saylor in the Storm!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈MSTR has been overall bullish trading within the rising channel marked in blue. (log chart)
Currently, it is in a correction phase within the falling red channel.
Moreover, the red zone is a strong demand.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of demand and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #MSTR approaches the blue circle, 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
QQQ Fib Levels - just touched 2.0I used to be a big advocate for Fib levels, but I feel like the lead me astray more times than helped, but none the less here is a high-level look with my estimate of fib levels. If I did it correctly, QQQ just touched off the 2.0 level. This could explain the weakness we saw this holiday season instead of the normal "Santa Claus Rally". Will we get a sizeable correction in 2025? Don't know, but there is clear weakness with some form of pullback coming. Just short term or something bigger, hard to know yet. I'm in the camp of a pump and dump on the Trump administration. How does it go, buy the rumor, sell the news. Feels like it to me.
Happy New Year!
NASDAQ // daily countertrendThe daily countertrend is valid with 1-2-3 waves down.
As long as the H4 short trend is also valid (below the H4 impulse base), the market is in the expansion phase of the short countertrend.
Targets are correction fibo 38.2 and 50, and the H4 target fibo 138.2 in line with the weekly impulse base.
This is the correction. Keep it in mind when calculating position size!
———
Orange lines represent impulse bases on major timeframes, signaling the direction and validity of the prevailing trend by acting as key levels where significant momentum originated.
———
Stay grounded, stay present. 🏄🏼♂️
<<boost🚀 if you enjoy💚
NEW IDEA FOR NASDAQ100The Nasdaq 100 index, which includes 100 of the largest technology companies in the United States, is considered one of the most important indices in the global stock market. In this article, we will analyze the technical analysis of this index and consider a scenario in which the price could decline to the support of the channel floor at 19,420.0 if the key resistance at 21,418.4 holds.
The scenario ahead
In technical analysis, support and resistance levels play a decisive role in predicting future price movements. Here, we will consider a scenario in which the price could decline to the support of the channel floor at 19,420.0 if the resistance at 21,418.4 holds.
1. Holding the resistance at 21,418.4
If the price fails to break the resistance at 21,418.4 and remains below this level, it indicates a continuation of the downtrend. This scenario seems likely given the current selling pressure in the market.
2. Moving towards support at 19,420.0
If the resistance holds, the price is likely to decline towards the channel floor support at 19,420.0. This level is considered a strong support area that may trigger a price reversal or temporary consolidation.
NASDAQ 2025: The First Direction? 25.01.01Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
Tuesday Briefing Results
Let’s start with the results of Tuesday’s briefing.
Both buy and sell signals played out as expected.
Buy Signal:
The breakout above the resistance trendline and 21476 level was the trigger for a buy entry.
The target was the yellow box supply zone, and the price moved as predicted.
The breakout occurred after the NASDAQ had already corrected significantly, making it a reasonable entry.
Maximum profit for this position was 120 points, equating to approximately $2,400 per contract.
Sell Signal:
For short positions, I recommended waiting for a breakdown of Monday’s low at 21253 in addition to the trendline break.
The price broke 21253 and exceeded the target of 21204, providing a solid short trade.
From the entry point, the NASDAQ dropped 70 points, yielding a profit of approximately $1,400 per contract.
Total Potential Profit:
Combined, the maximum profit for both trades was approximately $3,800 per contract on Tuesday.
Daily Chart Analysis
To prepare for Thursday, let’s examine the daily chart.
As mentioned on Tuesday, the price touched the 60 EMA and briefly broke below it but ultimately closed at the EMA level.
The remaining support is the December 20 low at 21006, which is the key level to watch.
A breakdown below 21006 would confirm entry into the yellow box supply zone or potentially the red box demand zone.
Key Observations:
The red box zone aligns with the lower boundary of the Ichimoku Cloud, which makes it a significant support level unlikely to break easily.
However, the yellow box zone has no clear support levels, as it previously acted as a supply zone that pushed the price upward.
If the price enters the yellow box, expect either volatile swings or a one-directional move, depending on market sentiment.
Descending Broadening Pattern
The NASDAQ is forming a descending broadening pattern after the sharp drop on December 27, 2024.
Key Insights:
Support levels appear weak, and the trend has shifted bearish since December 27.
A complete trend reversal requires a breakout above 21734, the starting point of the pattern.
Trading Strategy:
For short positions: Focus on larger moves, as the downtrend dominates.
For long positions: Keep trades short-term and within the range until a clear breakout invalidates the pattern.
Buy Perspective
Buy Entry Levels:
First Entry: Breakout above the red box resistance trendline and 21360.
If this level breaks, the price may briefly rise to the top of the yellow box at 21442.
However, this is not a full trend reversal, so a conservative approach is recommended.
Second Entry: Breakout above the blue resistance trendline.
If this occurs, the yellow box top will likely already be broken, opening up a potential move to 21571.
Even then, the trend reversal would still be incomplete, so caution is advised.
Third Entry: Breakout above 21571.
This level opens the path to the next significant resistance at 21746, providing a stronger buy signal with momentum.
Sell Perspective
Sell Entry Levels:
First Entry: Breakdown below Tuesday’s low at 21177.
Target: 21128, which corresponds to a past demand zone with historical support from prior wicks.
Second Entry: Breakdown below 21128.
Target: 21006, the December 20 low, which is a critical support level.
Extended Target:
If 21006 breaks, the daily chart opens up for a potential move into the 20000 range, as previously analyzed.
Conclusion
The NASDAQ is currently in a volatile and pivotal zone:
For buyers: Focus on breakouts above key levels (21360, 21571) with conservative targets until a full trend reversal occurs.
For sellers: Use breakdowns of key supports (21177, 21128, 21006) for entries, with room for larger moves in case of further downside.
Patience and precision will be key to navigating this market. Let’s trade smart and make the most of these opportunities. 🚀