NVDA New ATH Inbound Technical reasons for a move to the upside are as follows 1 - 1 Fib Extension gives us $155
TR Pocket pull gives us $154 - $157 for more confluence, and finally we have Pivots at $152. All aligning in the same region I expect price to eventually gravitate to the upside . Not necessarily all on earnings day but never say never . Market structure is also in a bullish uptrend HTF. With that in mind we have these strong technicals/confluence to expect all time highs to be taken out $140.76.*ATH come Earnings Release.
I dont advocate blindly longing up here though as the last opportunity to long was back in July but if you trade the INDEX Futures then you can use this as a potential compass into taking a Long * NQ for example .
I dont look at Fundamentals but it was brought to my attention that the CEO has been selling vast amounts of stock which is publicly displayed if you care to investigate .
So its possible that he knows something that we dont and maybe the results that are announced tomorrow dont meet expectations .
if thats the case then of course be prepared for a move to the downside before continuation to the upside but bear in mind that NVDA have beaten expectations 4 X previously and have lucrative partnerships in the tech space and AI is still in its infancy so anything can happen . I remain bullish on the sector and NVDA especially
Results are announced after market close Wed 29
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Nasdaq
Bearing trend turning point: 19250.0Hello, traders.
If you "Follow", you can always get new information quickly.
Please also click "Boost".
Have a nice day today.
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(1D chart)
The key is whether it can receive support near the left Fibonacci ratio 2 (19441.0) and rise above 20313.8.
If not, and it falls below the M-Signal indicator on the 1D chart, it is expected to touch the M-Signal indicator on the 1W chart.
-
Since the StochRSI indicator has turned downward, it is important to see whether there is support at the current price position.
Since it has turned downward, it is likely to lead to further decline.
Therefore, if it does not receive support, it is likely to lead to further decline.
At this time, the important thing is whether there is support near the M-Signal indicator of the 1W chart.
The final downtrend point is the HA-Low indicator point of the 1D chart, and the current HA-Low indicator point is 18250.3.
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(Renko 1D chart)
As you can see from the Renko chart, the downtrend turning point is at 19250.
Therefore, in the general chart above, there is a possibility that it will touch the M-Signal indicator part of the 1D chart and bounce.
-
Have a good time.
Thank you.
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NAS100USD 1HHello, traders. On the 1-hour timeframe, the price is moving within an ascending channel and has reacted to this channel several times. The price is approaching the resistance zone at 19,850, which aligns with the 78.60% Fibonacci level, increasing the significance of this area. I anticipate that once the price reaches this resistance level, which also aligns with the FVG candle, after forming a CHOCH pattern on a lower timeframe, we should look for an entry point for a sell position. For the take profit, we can target the support level at 19,470, which also aligns with the 78.60% Fibonacci level.
#DXY 1W chartLet's update our #Dxy 1W chart;
100$ already seen.
The pattern I mentioned before continues, I was wondering if it would only go up one more round, but it did not allow it.
* Weekly close came below the trend line.
* It gave a mismatch signal.
* For the first time in 2.5 years, it closed below the 200 EMA on a weekly basis.
After OB fills the resistance zone (gray box), it may rise again for an up retest.
If it closes below the blue line, the decline may deepen.
Why is DXY important for us?
Nasdaq Resistance Strikes Again: Bears Taking Control!The NASDAQ hit a significant resistance level at 19,778, which coincides with a 1-hour Fair Value Gap (FVG).
The price action shows a rejection from this level, indicating a potential reversal.
A downward trend is expected, with the next support targets at 19,604 and 19,507.
If momentum continues, a deeper decline could push prices toward 19,467.82.
NASDAQ Normal volatility. Bullish trend intact.Nasdaq (NDX) gave as the ultimate bottom signal on our buy call 2 weeks ago (see chart below) and staged a massive recovery from July's correction:
Right now it tested and held the 1D MA50 (blue trend-line) as a Support, establishing the new demand zone. During the previous Bullish Legs of the nearly 2-year Channel Up, when the price action remained above the 1D MA50, Nasdaq extended to a new Higher High on that pattern.
We may face some minor volatility for max a week, as the index encountered during the first to Bullish Legs but we should soon test the Inner Higher Highs trend-line, which most likely will see us reach our first Target of 20900.
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Nasdaq - Powell's positive signal to the markets?!The index is above the EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel
If the ascending channel is preserved and not broken, we can witness the continuation of the upward movement in this channel
On the other hand, if the index is corrected towards the drawn demand zone, which is also at the intersection with the weekly pivot of the index, we can look for short-term buying positions of the Nasdaq index
Nas100 End of AugustHello there!
Small Range last week, roughly 500 ticks.
Notes - Bullish cycle
1. Closed the 4hr gap created at the end of July 24.
2. We tapped into a 4hr bearish fvg and aggressively moved away.
What i see for this week :
- possible bearish play due to all the liquidity(FVG) resting below.
- We have eql highs created last Friday
- 4hr market shift in progress, lets wait to see where price shows its hand.
Short term targets is pdh or pdl
NASDAQ => Pullback Phase Approaching The Trend!!Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19150 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19150 support and resistance area.
Trade safe, Joe.
US100 / NAS100 Bearish Robbery Plan To steal money in the MarketMy Dear Robbers / Traders,
This is our master plan to Heist NASDAQ 100 Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Dow Jones Index (US30): New All Time High Soon?!
US30 may update the all time high soon.
The market closed, testing a major daily structure resistance
based on a current all time high.
A bullish breakout of the underlined blue area will give us a strong bullish signal.
A bullish continuation will be expected at least to 42000.
❤️Please, support my work with like, thank you!❤️
Meta Platforms (META) AnalysisCompany Overview:
Meta Platforms, a leading player in the tech sector, continues to push boundaries with its advancements in artificial intelligence and virtual reality. Recent developments highlight the company’s commitment to growth and innovation, making it a compelling investment opportunity.
Key Highlights:
AI Advancements: NASDAQ:META recently launched its Llama 3.1 AI model, which is outperforming GPT-4o. This cutting-edge AI technology is designed to enhance applications across Meta’s platforms, including Facebook and Instagram. The model’s efficiency improvements are expected to drive higher engagement in Reels and attract more advertisers.
Enhanced User Engagement: The advancements in AI are set to boost user engagement on Meta’s platforms, particularly through more interactive and personalized content. This positions Meta to capitalize on advertising revenue and maintain its leadership in social media.
Dividend Introduction: Meta has introduced a quarterly dividend, appealing to dividend investors and reflecting the company’s financial stability and confidence in its ongoing growth.
Growth Prospects: The company’s focus on AI and VR, combined with its strong financial performance, supports robust growth prospects and market leadership.
Investment Outlook:
Bullish Outlook: We are bullish on META above the $450.00-$455.00 range.
Upside Potential: With an upside target of $690.00-$700.00, Meta Platforms presents a strong investment opportunity driven by its innovative AI advancements, increased user engagement, and attractive dividend yield.
🏅 Meta Platforms—leading the future with AI and innovation! #META #TechGrowth 🚀📈
nasdaq push uptoday we se the market recovering from yesterday drop.
we are currently at the high of the sesion. wich means that there is a possiblity of a drop.
i have marked previous OHLC daily levels. that i think might work as a support for a trade to the upside.
taregt its marked in green.
we are going to trade these levels in 15 min chart. if we see a green candle rejecting one of these levels we take the trade. no green candle no trade.
have fun
ELEKTRA
Dow30 - US30 Faces DownturnBLACKBULL:US30 has returned to a crucial resistance zone, which aligns with a bearish technical setup. After the recent decline, this move back to the resistance suggests that a further drop may be imminent, especially if the index fails to break above this zone. The pattern indicates that TVC:DJI could start its downward trend again following a retest of this level, where sellers are likely to re-enter the market.
Fundamentally, the rising unemployment claims in the U.S. have heightened fears of a recession. With more individuals out of work, consumer spending could slow down, which negatively impacts corporate earnings and the broader economy. This situation could exert additional downward pressure on the Dow Jones, making the possibility of a significant decline more likely as investors brace for potential economic contraction.
Dollar Slips Nasdaq Consolidates Ahead of Powell’s SpeechThe Dollar Stalls as Powell Takes the Stage at Jackson Hole
Jerome Powell is set to address the Federal Reserve's Jackson Hole symposium on Friday, but the Fed Chair would need to strike an exceptionally hawkish tone to prevent the dollar (DXY) from ending the week with one of its steepest declines this year.
Nasdaq Technical Analysis
The price is still consolidating between 19525 and 20100.
Stability above 19625 will support rising to get 19880 and above it will be 20100
otherwise, breaking 19525 by closing the 4h or 1h candle below it, means it will support falling to 19215 and 18940
Key Levels:
- Pivot Point: 19625
- Resistance Lines: 19880, 20100, 20260
- Support Lines: 19525, 19220, 18940
Expected Trading Range Today: 18930 to 20100
NAS100: First red day, Friday day 3Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range ✅
2. SIGNAL DAY
First Red Day ✅
First Green Day
3 Days Long Breakout
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside
Backside ✅
4. THESIS:
Long: at the moment I'm not interested, Asia and London are already pumping, I won't buy up high.
Short: primary, first red day, long traders still in profit since monday, there are still good chances for this market to setup for a sell high opportunity if after the 10am MRN the price will lock the HOD or any other important level.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
QQQ bounce right back to resistanceExtremely bullish 2 weeks after that crazy low last Monday morning. You can see that QQQ tagged resistance yesterday and sold off today. Market is feeling bullish, but my gut tells me that this is a dead cat bounce. Hard to know for sure. The rally has been almost abnormally strong, and if you look back to early 2022 you saw the same thing. Big sell off with ridiculously strong rallies, but ultimately the market kept going down. Now, I obviously don't know that for sure. The advice I got the other day was "stocks only go up" as he bought a bunch of TQQQ and made a nice profit the last 2 weeks. So, maybe it pays to always be bullish.
Anyhow, I'll just keep doodling on my charts and sharing with the hope that it helps someone.
AVGO potential Buy setupReasons for bullish bias:
- Price is at trendline plus horizontal support
- Harmonic XABCD pattern formed
- No divergence
- Overall a bullish trend
Here are the recommended trading levels:
Entry Level(CMP): 147.85
Stop Loss Level: 127.19
Take Profit Level 1: 168.51
Take Profit Level 2: 182.84
Take Profit Level 3: Open
S&P 500 Index SPX To Rally FurtherThe S&P 500 index SPX is just 50 points away from breaching the previous all-time high.
The minutes of the Fed’s July 30-31 meeting, released Wednesday, said the “vast majority” of policymakers “observed that, if the data continued to come in about as expected, it would likely be appropriate to ease policy at the next meeting.”
Traders had already considered it a certainty that the Fed will announce its first interest rate cut in four years when it meets in mid-September.
SPX next targets: 5680 - 5825.
Zoom's Surges 2.47% Early Thursday on Q2 Earnings ReportZoom Video Communications, Inc. (NASDAQ: NASDAQ:ZM ) showcased its ability to navigate the post-pandemic landscape with a solid Q2 earnings report, leading to a 2.47% surge in Thursday’s premarket trading. Despite facing headwinds from decelerating growth, the company outperformed Wall Street expectations, offering a glimmer of hope for investors.
Key Financial Highlights
For the quarter ended July 31, Zoom (NASDAQ: NASDAQ:ZM ) reported adjusted earnings of $1.39 per share, a 4% increase from the previous year, and above analyst projections of $1.21 per share. Revenue rose 2% to $1.162 billion, also surpassing estimates of $1.149 billion. However, this marked the tenth consecutive quarter of slowing sales growth, reflecting the company’s ongoing transition from the explosive demand driven by the COVID-19 pandemic to a more stabilized market environment.
The enterprise segment, a key area of focus for Zoom (NASDAQ: NASDAQ:ZM ), saw revenue rise 3.5% to $683 million, beating expectations of $675 million. This growth is particularly encouraging as Zoom continues to evolve into a comprehensive communications platform, catering to business needs beyond its core video conferencing service.
Future Outlook: Revenue Re-Acceleration on the Horizon?
Zoom’s guidance for the October quarter has further bolstered investor confidence. The company expects revenue between $1.16 billion and $1.165 billion, slightly above analyst estimates of $1.157 billion. This outlook, along with an upward revision of its full-year revenue and profit forecasts, suggests that Zoom’s expanded product suite is gaining traction with enterprise customers.
Despite these positive developments, Zoom’s stock remains under pressure, having dropped nearly 18% before the earnings report and 16% year-to-date. The market has been concerned about the company’s ability to maintain growth, particularly as competition intensifies from giants like Microsoft and its Teams platform.
Strategic Shifts and Leadership Changes
Zoom’s efforts to diversify its offerings are evident in its recent moves. The company is expanding its business tools to include phone systems, contact centers, and AI-powered assistants. Additionally, the launch of a single-use webinar service capable of hosting up to 1 million attendees signals Zoom’s commitment to innovation and adaptability.
However, the announcement of CFO Kelly Steckelberg’s departure at the end of the fiscal quarter has added an element of uncertainty. While Zoom clarified that Steckelberg’s exit is not due to any internal disagreements, the search for a successor will be closely watched by investors.
Navigating the Post-Pandemic World
Zoom’s success during the pandemic was unprecedented, but the company now faces the challenge of maintaining relevance in a world that is gradually returning to in-person interactions. The ongoing decline in consumer and small business customers has been a point of concern, with sales in this segment remaining flat year-over-year. However, the company reported its lowest ever churn rate, indicating some stability in this crucial market.
CEO Eric Yuan emphasized the resilience of Zoom’s business, particularly among smaller customers, and highlighted the platform’s role in hosting significant political events, including those supporting Vice President Kamala Harris. This demonstrates Zoom’s continued importance in various sectors, even as it navigates a more competitive and less predictable environment.
Conclusion
Zoom’s Q2 earnings report may have provided a short-term boost to its stock, but the road ahead remains challenging. The company’s ability to reaccelerate growth, especially in its enterprise segment, will be critical in determining its long-term success. As Zoom continues to innovate and expand its product offerings, investors will be watching closely to see if the company can sustain its momentum in a post-pandemic world.
With the market’s focus on the bottom line and the looming leadership transition, Zoom’s next moves will be pivotal in shaping its future trajectory.
USNAS100 4H / Uptrend Or Yet...Futures edge higher as the prospect of Sept rate cut grows
Nasdaq Technical Analysis
The price still consolidating between 19625 and 20100.
Bullish Scenario:
A correction to 19770 is possible before resuming the bullish trend, in general Stability above 19625 will support a bullish trend to 20100
Bearish Scenario:
A bearish move could unfold if the price breaks below 19,625, confirmed by a 4-hour candle close beneath this level, potentially leading to a drop towards 19,390 and a test of the 19,210 support.
in the short term stability under 19770 will support falling to get 19625
Key Levels:
- Pivot Point: 19780
- Resistance Lines: 20100, 20260, 20470
- Support Lines: 19625, 19390, 19220
Expected Trading Range Today: 192625 to 20100
Trend: Bullish while above 19770