ABBV - Are you Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈ABBV has been in a correction phase and it is currently approaching the lower bound of the red and blue channels.
Moreover, the green zone is a strong round number $150 and structure!
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of structure and lower trendlines acting as non-horizontal support.
📚 As per my trading style:
As #ABBV 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
Nasdaq
MNQH Continued Bullish Run On Friday price made a nice Bullish run that took out the PDH from the previous two days and price closed above the D LV and D SIBI. Currently we have price wicking off the D LV and has traded higher cutting through the MT level of the -OB. If price can stay above that MT level then I can see price going higher and taking out the PDH from Fri Jan 17 2025 at 21680.00 and then eventually target the PDHs from January 6th and 7th.
So lets continue to watch and see if price has truly switched to being Bullish after taking SSL, and finding support off the D BISI CE level.
NASDAQ Major Lower Highs break-out just took place!Nasdaq (NDX) broke on Friday above the Lower Highs trend-line that started more than a month ago on the December 16 2024 High that initiated the recent correction. This has technically been a Bearish Leg within the +2 year Channel Up and every time such a structure broke above its Lower Highs trend-line, a strong rally followed.
At the same time, the 1D MACD just completed a Bullish Cross below the 0.0 neutral level and out of the 9 previous time this took place, it only failed to produce an immediate rally 2 times.
We technically see that the current Bullish Leg that started on the August 05 2024 Low, isn't over yet, so we still expect it to complete a +47% to +48% rise before a stronger correction. As a result, our Target is 25000.
-------------------------------------------------------------------------------
** 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. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
NAS100 - Nasdaq index path, after the inauguration!The index is above the EMA200 and EMA50 in the four-hour timeframe and is trading in its ascending 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 range will provide us with the conditions to sell it.
As markets prepare for Donald Trump’s inauguration, the dollar has weakened slightly. Early signals suggest that no significant changes in tariff policies are imminent, leading to a minor dip in the dollar’s value. Over the weekend, Trump and Chinese President Xi Jinping had a positive conversation. Following the call, Trump tweeted, “Just had an excellent conversation with Xi Jinping of China. This was very good for both China and the U.S. I expect us to solve many issues together, and we’ll start immediately.”
Meanwhile, the correlation between Bitcoin and the Nasdaq Technology Index has reached its highest level in two years. Bloomberg data shows the 30-day correlation index between the world’s largest cryptocurrency and the Nasdaq stands at approximately 0.70, indicating closely aligned movements between the two assets.
On another front, Jared Bernstein, head of Joe Biden’s Council of Economic Advisers, has warned that the incoming Trump administration’s potential interference in Federal Reserve interest rate policies could risk a resurgence in inflation. Bernstein emphasized the importance of maintaining the Fed’s independence and noted that executive actions should not influence interest rate decisions.
TD Securities predicts that the Federal Reserve will keep interest rates steady during the first half of this year. However, it expects rate cuts to resume in the second half, with the terminal rate reaching the low 3% range. This strategy reflects the economy’s need to digest Trump’s new policies, particularly on tariffs and immigration.
This week’s economic calendar is relatively light.Both the New York Stock Exchange (NYSE) and Nasdaq will be closed on Monday, January 20, 2025, in observance of Martin Luther King Jr. Day.
Later in the week, key economic data will be released. On Thursday, the U.S. weekly jobless claims report will be published, followed by preliminary S&P Purchasing Managers’ Index (PMI) data and existing home sales figures on Friday.
Bank of America forecasts that the 10-year U.S. Treasury yield will reach 4.75% this year, with the potential to surpass 5% depending on Federal Reserve decisions. However, it sees a low probability of yields exceeding 5.25%.
The bank cites a strong macroeconomic backdrop and a hawkish Federal Reserve, suggesting that any rate hikes will depend on inflation data. Bank of America also notes that yields near 5% could represent a compelling buying opportunity, provided the Consumer Price Index remains stable or declines slightly.
Get ready for Monday's Nasdaq 25.01.20Hello, this is Greedy All-Day.
Today’s analysis focuses on the NASDAQ.
NASDAQ Daily Chart Analysis
Chart:
On the daily chart, the NASDAQ shows a breakout above the short-term corrective trendline, signaling a potential trend reversal.
Key Developments:
The price has broken above the 20 EMA on the daily chart.
It also rebounded before breaking below the Ichimoku Cloud, hinting at a potential return to new all-time highs.
Support and Resistance:
Support: The 20 EMA, currently around 21390, serves as short-term support.
Resistance: The chart suggests that significant upside remains open, with fewer immediate barriers overhead.
Current Pattern and Resistance
Chart:
The NASDAQ is currently near its only remaining resistance trendline, created between December 17–18, 2024 (orange box).
Key Points:
Beyond this trendline, there are no further descending resistance trendlines.
Resistance will then come from horizontal supply zones or historical highs.
Breakout Potential:
If the price breaks the green box resistance zone, the next key resistance is one of the two white box zones.
A breakout beyond the white box zones could pave the way for new all-time highs.
Today’s Buy Strategy
Chart:
Entry Trigger:
Breakout above both the remaining resistance trendline and the recent high at 21682.5.
Target Levels: Horizontal resistance levels (marked on the chart).
Rationale:
A breakout above the long-term descending resistance trendline, combined with a breakout above the previous high, would likely lead to entry into the blue box supply zone on the left.
This would increase the likelihood of a continuation toward higher levels, fueled by the supply zone dynamics.
Today’s Sell Strategy
Chart:
Entry Trigger:
Breakdown below the orange ascending trendline and a break below 21481.
Target Levels: Horizontal support levels (marked on the chart).
Rationale:
A break below the ascending trendline would indicate weakening momentum.
If a pennant-like pattern forms and the price breaks below the starting zone of the pattern, it would signal a high likelihood of a trend reversal.
The green box highlights the potential breakdown area.
Additional Note:
If the price consolidates and the ascending trendline is broken above 21481, adjust the target to 21481 as the maximum downside level.
Conclusion
The NASDAQ is at a critical juncture, with potential for both significant upside and downside moves:
For Buyers: Watch for a breakout above 21682.5 for potential continuation into the supply zone and beyond.
For Sellers: Monitor for a break below the ascending trendline and 21481 for potential downside momentum.
Stay cautious, and trade strategically based on key levels. 🚀
Uptrend or Reversal? Unpacking a Case for NAS100! The NAS100 has been trending bullish recently, but when we zoom out to a higher timeframe, there’s a case to be made for a potential bearish opportunity. In the video, we explore the trend, price action, and market structure, analyzing how it’s approaching a key resistance level. We also discuss a possible trade setup if the conditions align. This is not financial advice.
Weekly Forecast 1/21/25-1/24/25Disclaimer:
I trade ICT and use ICT terminology in my analysis.
Nothing in the market is certain; this is what I would like to see price action playout this week.
This is not financial advice.
The forecast is written on the chart.
If you like this and want to see more, consider following.
Weekly and Today analysis for Nasdaq, Oil, and GoldNASDAQ
NASDAQ closed higher, breaking above the upper trendline resistance on the daily chart. On the weekly chart, the sell signal is still active, and the MACD has yet to cross above the signal line. Therefore, even if the market rises early this week, it could potentially retreat again. This underscores the need to avoid chasing highs.
On the daily chart, a buy signal was generated with today’s candle, but it is not confirmed by yesterday’s action. If today’s session ends with a bearish candle, the buy signal could disappear. For a sustained upward move, today must close with a bullish candle and create a clear buy signal. Furthermore, for this signal to be meaningful, the signal line must move above the zero line, with a wider divergence between the MACD and the signal line driven by additional gains.
On the 240-minute chart, a long bullish candle has created a potential third wave up. Breaking through the upper trendline is significant, but whether this uptrend will continue remains uncertain. Additionally, with U.S. markets closed today for Martin Luther King Jr. Day, today's and tomorrow’s daily candles will be combined. Expect sideways movement with a bullish tilt today, with the main market session tomorrow likely determining the direction. Focus on buying on dips while avoiding chasing highs.
CRUDE OIL
Crude oil closed lower, forming an upper wick on the daily chart. On the weekly chart, the price is significantly distanced from the 3-day and 5-day moving averages, suggesting that this week could see consolidation or a pullback from the $79 resistance level.
On the daily chart, crude has fallen below the 5-day moving average, now trading within a range between the 5-day and 10-day moving averages. The $74–$75 range represents an attractive buy zone during a pullback. This area aligns with the weekly 5-day moving average, making it a critical level to watch.
Around $76, where the 10-day moving average lies, significant support exists on intraday charts. Observing whether this level holds on the first test is crucial. On the 240-minute chart, the MACD remains significantly above the zero line, favoring continued buying on dips. The first key support is around $76, and the second is in the $74–$75 range, where the MACD could attempt another bullish crossover. Be mindful of reduced trading volumes due to the U.S. market holiday and focus on range-bound strategies.
GOLD
Gold faced resistance near the 2760 level, closing with a doji candle. On the weekly chart, the MACD is diverging from the signal line, suggesting that further upside may face resistance around the 2785 level. If the MACD on the weekly chart fails to form a golden cross, a pullback may occur.
On the daily chart, the strong buy trend remains intact, favoring a buy-focused strategy. However, on the 240-minute chart, a potential dead cross could signal short-term corrections. With U.S. markets closed today and tomorrow, gold could dip to the 5-day moving average, creating buying opportunities during pullbacks.
For today, short-term selling at highs with a focus on key support levels for buying on dips is recommended. Sideways movement during pre-market hours may continue, with tomorrow’s main session likely setting the next direction. Stick to box-range trading and take advantage of key opportunities if prices reach critical levels.
With U.S. markets closed on Monday, reduced trading volumes make box-range trading strategies more effective. Use this time to prepare for potential opportunities at key levels. Stay diligent with risk management, and have a successful trading week ahead.
■Trading Strategies for Today
NASDAQ - Range-bound Market
-Buy: 21510 / 21480 / 21350 / 21310 / 21270
-Sell: 21650 / 21740 / 21780 / 21880
Crude Oil - Bullish Market
-Buy: 76.90 / 76.30 / 75.70 / 74.95
-Sell: 77.80 / 78.25 / 78.60 / 79.00
Gold - Bullish Market
-Buy: 2730 / 2723 / 2719 / 2715
-Sell: 2747 / 2753 / 2758 / 2762 / 2777
These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks.
If you liked this analysis, please follow me and give it a boost!
SL HIT ON NASDAQAs I post my winning trades, I'm going to post my losing one, so people, especially beginners know that trading isn't always wins and wins, and no strategy always brings back profits for you.
Every strategy has downsides and upsides, this is the first thing I teach to my students who fully understands it.
In case you wondered how I trade, I'm a reversal based trader. hich means I trade reversals, ans as every strategy it works 80% of the time and having a losing day of the week, but the unforgivable thing is to let your emotions take over your trading and lose all the profits you made.
The first thing I teach is don't let your emotions take over your trading, and don't make more than 2 losing trades a day. STICK TO THE PLAN.
Follow for more!
Nasdaq - This Can Still Be A Fakeout!Nasdaq ( TVC:NDQ ) is starting to slow down:
Click chart above to see the detailed analysis👆🏻
A couple of months ago, the Nasdaq perfectly broke above the channel resistance trendline again, attempting the creation of another parabolic rally. However bulls are not flexing their muscles properly so this breakout attempt could still turn into a devastating fakeout.
Levels to watch: $20.000, $17.000, $30.000
Keep your long term vision,
Philip (BasicTrading)
NASDAQ EVEN BETTER THAN PLANNEDThe new blue line is our new ideal forecast, staying in between the possibilities the green and lower blue lines give, but wow this is even bigger than we thought. We caught a good one.
Technical Analysis:
The NASDAQ 100 index has shown strong upward momentum, recently breaking out above a key resistance level at 15,000. It is trading above its 50-day and 200-day moving averages, signaling a sustained uptrend. The RSI is trending higher but remains below overbought levels, indicating further upside potential. MACD has crossed into bullish territory, confirming positive momentum.
Immediate resistance lies at 15,500, with a break above this level potentially targeting 16,000, the year’s high. On the downside, 15,000 now acts as key support, with additional support at 14,700. The index remains in a solid uptrend, supported by higher lows and strong buying pressure on dips.
Fundamental Analysis:
The NASDAQ is benefiting from a favorable macroeconomic environment and strong earnings reports from major tech companies. Optimism around artificial intelligence and innovation continues to drive investor interest, with tech stocks leading the charge.
Meanwhile, the Federal Reserve’s signal that it may pause further rate hikes due to cooling inflation has supported growth stocks, which are highly sensitive to interest rate changes. Lower yields also make tech valuations more attractive, fueling buying interest.
Additionally, the U.S. economy has shown resilience, with solid GDP growth and a strong labor market. This combination of steady economic conditions and a less aggressive Fed has created a favorable environment for the NASDAQ.
Key Catalysts to Watch:
Upcoming earnings reports, especially from major tech companies.
Federal Reserve updates, including comments on interest rate policy.
U.S. economic data, such as inflation and GDP figures.
Sentiment around innovation sectors like AI, semiconductors, and cloud computing.
XAUUSD, EXCACTLY AS PLANNED IN OUR LAST POSTTechnical Analysis:
XAU/USD (Gold) has shown strong bullish momentum, trading comfortably above the 50-day and 200-day moving averages, which signal a sustained uptrend. The price recently broke a key resistance level at $1,950, which now acts as strong support. Momentum indicators like the RSI are in bullish territory but remain below overbought levels, suggesting room for further upside. The MACD histogram is widening, indicating increasing bullish momentum.
The next key resistance lies at $2,000, a psychological level, followed by $2,030, a recent multi-month high. A confirmed break above $2,000 could set the stage for a move toward $2,050. On the downside, support at $1,950 and $1,920 will be critical to watch for any potential retracement.
Fundamental Analysis:
Gold's bullish outlook is driven by a combination of macroeconomic and geopolitical factors. Concerns over global economic slowdown, persistent geopolitical tensions, and central banks maintaining high levels of gold reserves are supporting safe-haven demand.
In the U.S., softer inflation data and dovish signals from the Federal Reserve have weakened the dollar, making gold more attractive for international buyers. Additionally, Treasury yields have started to stabilize, reducing the opportunity cost of holding non-yielding assets like gold.
Furthermore, with the Chinese economy showing signs of recovery and increased demand for physical gold from Asia, gold prices are expected to remain well-supported in the near term. Central bank buying also continues to provide a long-term tailwind for prices.
Key Catalysts to Watch:
U.S. economic data, particularly inflation and labor market reports.
Fed policy updates and FOMC meeting minutes.
Developments in geopolitical hotspots that could spur safe-haven flows.
Demand trends from major gold-importing countries like China and India.
CHFJPY ON THE MOVETechnical Analysis:
CHF/JPY continues its bullish trajectory, trading above key moving averages, including the 50-day and 200-day lines. The pair recently broke above resistance at 151.50, now turned support, with the next resistance zone at 153.00. Momentum indicators like RSI remain strong but not yet overbought, while the MACD confirms the upward trend. A sustained break above 153.00 could target 154.50 in the near term.
Fundamental Analysis:
The Swiss franc remains supported by safe-haven demand, while the Japanese yen is pressured by the Bank of Japan's ultra-loose monetary policy. Despite minor adjustments to yield curve control, the BoJ’s dovish stance contrasts with Switzerland's relatively steady monetary environment. This policy divergence and risk sentiment dynamics favor CHF appreciation against JPY.
USDCHF GOING UPTechnical Analysis:
The EUR/USD is showing bullish momentum, breaking above key resistance levels. The pair is trading above its 50-day and 200-day moving averages, confirming an uptrend. A bullish crossover in the MACD and rising RSI suggest further upside potential. Key resistance is at 1.10, with support holding strong at 1.085. A breakout above 1.10 could open the path toward 1.12.
Fundamental Analysis:
The Euro is supported by robust economic data, including better-than-expected PMI figures and hawkish signals from the ECB. Meanwhile, the USD is under pressure as the Fed signals a pause in rate hikes amid cooling inflation. Diverging monetary policies and improving sentiment in the Eurozone favor further EUR/USD gains.
EURUSD GOING UPEUR/USD: Why It’s Heading Higher
Technical Analysis:
The EUR/USD is showing bullish momentum, breaking above key resistance levels. The pair is trading above its 50-day and 200-day moving averages, confirming an uptrend. A bullish crossover in the MACD and rising RSI suggest further upside potential. Key resistance is at 1.10, with support holding strong at 1.085. A breakout above 1.10 could open the path toward 1.12.
Fundamental Analysis:
The Euro is supported by robust economic data, including better-than-expected PMI figures and hawkish signals from the ECB. Meanwhile, the USD is under pressure as the Fed signals a pause in rate hikes amid cooling inflation. Diverging monetary policies and improving sentiment in the Eurozone favor further EUR/USD gains.
Keep an eye on upcoming ECB speeches and U.S. employment data for potential volatility.
AUDJPY NEXT STEPAUDJPY is falling towards these two red lines ;
the first line is obvious, the tough thing to forecast is what's happening after reaching this one, does it go back up before reaching the next one ?
For us, its should be a "head and shoulders" pattern, meaning some pretty smooth but sure descent towards lower prices, without going back up.
MNQ!/NQ1! Day Trade Plan for 01/17/25MNQ!/NQ1! Day Trade Plan for 01/17/25
📈 21588.5 (NEXT LEVELS: 21683, 21778, 21873,21940)
📉 21210 (CLOSER LEVELS: 21560, 21495, 21400)
1/2 way mark 📈 21495 & 📉 21400
Like and share for more daily ES/NQ levels 🤓📈📉💰
*These levels are derived from comprehensive backtesting and research, demonstrating over 90% accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
Nas100- Important close for the weekAfter reaching an all-time high in mid-December last year, the NAS100 began a correction characterized by choppy price action.
This Monday, the index formed a local low, aligning closely with the previous all-time high. Since then, NAS100 has rebounded strongly.
Currently, the index is testing the falling trendline originating from the mid-December high.
A breakout above this trendline could indicate that the correction has ended, paving the way for new highs and potentially a fresh all-time high in the first quarter of 2025.
I remain bullish on NASDAQ as long as Monday's low holds as a key support level.
Sanmina Corporation (SANM) AnalysisCompany Overview:
Sanmina Corporation NASDAQ:SANM is a global leader in advanced manufacturing solutions, offering end-to-end services from design and engineering to logistics. Serving diverse industries such as healthcare, defense, automotive, and cloud computing, the company has built a reputation for quality and innovation. Sanmina's broad industry reach mitigates dependency on any single market, ensuring stable and resilient financial performance.
Key Growth Drivers
Diverse Industry Exposure:
Sanmina serves a broad spectrum of industries, including:
Healthcare: Demand for high-quality medical devices and diagnostic equipment.
Defense & Aerospace: Focus on mission-critical electronics and systems.
Automotive: Growth in electric vehicles (EVs) and autonomous technology.
Cloud Computing: Rising demand for advanced data center and networking solutions.
This diversification ensures consistent revenue generation and reduces the impact of sector-specific downturns.
Strategic Joint Venture in India:
49.9% Stake in Reliance JV:
Sanmina's partnership with Reliance Strategic Business Ventures provides access to the fast-growing Indian market, which is a hub for electronics manufacturing and technological innovation.
This joint venture positions the company to capture significant market share in India, leveraging Reliance’s local expertise and Sanmina’s manufacturing capabilities.
Focus on High-Growth Sectors:
Sanmina's emphasis on medical, defense, and cloud computing aligns with global trends, including:
Increasing healthcare investments.
Rising defense budgets globally.
The ongoing digital transformation driving demand for cloud and edge computing solutions.
Financial Highlights and Tailwinds
Steady Revenue Growth:
Sanmina's diversified portfolio and global footprint have enabled consistent financial performance, even amid economic fluctuations.
Operational Excellence:
The company’s focus on operational efficiency, including cost optimization and technological innovation, supports profit margin improvements.
Position in Emerging Markets:
With the Indian government promoting domestic manufacturing, Sanmina’s joint venture is poised to benefit from favorable policies and strong regional demand.
Stock Outlook
Bullish Momentum Above $67.00-$68.00:
The company’s strategic positioning and exposure to high-growth sectors support a positive long-term outlook.
Upside Target: $100.00-$102.00, reflecting confidence in its ability to expand revenue and enhance shareholder value.
Institutional Confidence:
Sanmina’s strong financial foundation and growth prospects make it an attractive investment for both institutional and retail investors.
Conclusion
Sanmina is well-positioned to capitalize on its global reach, diverse industry exposure, and strategic presence in high-growth markets like India. Its focus on advanced manufacturing for critical industries ensures long-term relevance and growth potential.
📈 Recommendation: Bullish on SANM above $67.00-$68.00, targeting $100.00-$102.00.