$QQQ $NASDAQ : WE WILL BE AT ATH'S NEXT WEEK. HERE IS THE CURE! NASDAQ:QQQ NASDAQ:QQQ WE WILL BE AT ATH'S NEXT WEEK. HERE IS THE CURE!
In this video, we will discuss the following
1.) We will look at the technicals and charts while going over multiple indicators and patterns pointing us in one direction on the markets...HIGHER
2.) Stick around to the end of the video as I give you the CURE to the markets' 3-5% pullback from recent highs, which will indeed take us to ATHs next week!
Drop a comment below if you learned something new or want a deep dive into anything discussed in this video today.
Stay tuned for more.
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Nasdaq100
What If Smart Money Shifts from Traditional Companies to Crypto?This idea explores the potential scenario where smart money moves from traditional top 100 Nasdaq companies to the crypto space. As Nasdaq reaches its peak and becomes less attractive, blockchain companies offer more reasonable valuations, and the crypto market continues to open up, providing new opportunities. This shift could drive substantial growth in the blockchain and crypto sectors as traditional finance investors look for higher returns in emerging technologies.
USTEC is engulfed in uncertainty ahead of the US election
Stock prices in the semiconductor companies declined after reports that the US government instructed major companies to cut China companies from their supply chains. NVIDIA's gains diminished to a 0.48% increase, while the Philadelphia Semiconductor Index dropped by 0.55%.
Additionally, Warren Buffett's decision to sell US stocks and secure cash negatively affected the overall US index. Berkshire Hathaway reduced its stock holdings from 905 million shares at the end of last year to 300 million shares by the end of September, including a significant sell-off of Apple stocks this year.
USTEC briefly tested 20140 but failed to hold above the 20000 threshold. After slipping back to the channel's lower bound, the index awaits further price triggers. If USTEC breaches the resistance after re-entering the channel, the index may gain upward momentum toward the 20680 high. Conversely, if USTEC fails to enter the channel and retreats to 19700, the index may fall further to the support at 19520.
NASDAQ100 Plummets! Short Trade Nears Final Target!NASDAQ100 (NDX) Analysis:
NASDAQ100 (NDX) has seen a strong downward trend on the 15-minute chart, with the trade setup delivering impressive results. Targets 1 through 3 have been hit, and the price is closing in on the final TP4 level, making this an ideal short trade for traders leveraging the momentum.
Trade Summary:
Entry Level: 20429.42
Target Levels:
TP1: 20323.94 ✅
TP2: 20153.26 ✅
TP3: 19982.58 ✅
TP4: 19877.10 (nearly hit)
Stop Loss: 20514.76
The Risological Dotted Trendline guided traders perfectly through this short trade, marking a strong resistance level as the index continued its descent.
Analysis: Key Levels to Watch for Short and Long OpportunitiesI'm watching the Nasdaq closely as it approaches a critical decision point. In this analysis, I’ll outline two potential scenarios, including both short and long trade ideas based on the confluence of key technical levels.
Current Setup and Key Level: 20,320
Right now, the 20,320 level is my primary focus. This level aligns with:
The 38.2% Fibonacci retracement of the recent downtrend, suggesting potential resistance.
The VWAP (Volume-Weighted Average Price), which is acting as a dynamic resistance level.
This confluence makes 20,320 a critical resistance zone, where the market might either reverse or push through, setting the tone for the next significant move.
Scenario 1: Short Opportunity at 20,320 Resistance
If the price approaches 20,320 and shows signs of rejection (like a bearish candle pattern), I’m looking to take a short position at this level. Here’s why:
Fibonacci & VWAP Confluence: The alignment of the 38.2% Fib level with the VWAP reinforces this level as a strong potential resistance.
Risk Management: I would place a stop-loss above the 50% Fib level (around 20,400) to manage risk if the price breaks higher.
Targets: My initial target would be around the 20,000 level. If this breaks, I anticipate a stronger move downward due to potential stop-losses being triggered below 20,000 (more on that below).
Note on Stop-Loss Clusters: I believe many traders might have their stops placed just below the 20,000 mark. If the price breaks below this level, we could see a quick, momentum-driven move lower as these stops are triggered, potentially driving price toward deeper levels.
Scenario 2: Bullish Break Above 20,320
If the price breaks above 20,320 and holds above both the VWAP and the 38.2% Fib level, it could signal a bullish shift. Here’s what I’m looking for in this scenario:
Confirmation Above VWAP and Fib Level: A strong break and close above these levels would indicate that bulls are taking control and might push for higher retracement levels.
Potential Targets: In this scenario, I’d look for the price to move towards the 50% Fibonacci level (around 20,400) as the next resistance, followed by the 61.8% level near 20,500 if momentum holds.
Invalidation for Shorts: A decisive break and hold above 20,320 would invalidate the short setup. If this happens, I’ll look for potential long entries on a pullback to the VWAP or 38.2% Fib as support, with stops below these levels to manage risk.
Conclusion
The 20,320 area is the key level to watch here, with potential for both short and long setups:
Short Scenario: Look for rejection at 20,320 to target a move down to 20,000, with a possible extension lower if the 20,000 support breaks.
Long Scenario: A break above 20,320 could open the door for further upside, with potential targets around 20,400 and 20,500.
This setup combines technical indicators with price psychology, as stops clustered around the 20,000 level may drive significant moves if that support level is breached. I'll be monitoring how the price reacts to 20,320 closely for confirmation of either setup.
Let me know if you see anything differently or if you have any questions. Happy trading!
XAUUSD IS BACK !With a little more drawdown today and the beginning of next week, XAUUSD has showed everyone what it was capable of the past few days by reaching such high levels ;
It has to bounce on the double uptrend green limit, then go up and wait a little for the 5th of november ;
on this day markets will go nuts for every asset, so it seems like gold might be going for a big rally to the 2780/90s
BTC POSSIBLE NEXT MOVE !With some delay on the time BTC finally decided to come down, it eventually did what we thought, came back to lower KL ;
but with the previous days' big spike up and down, it is now a perfect time for the price to "de-correct" and come back to the 75Ks, before coming back down ;
for now and the newt few weeks, it seems really tough to break 78/79K, probably next year.
US100 TOWARDS THE SKYWe missed the entry yesterday thinking it would bounce way harder than that, it actually took several hours to get back in an uptrend position ;
for now it seems a little corection to the LL is coming after the 15:30 rush ;
after that, US100 is going to the roof and taking the uptrend direction back.
NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader:
In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps.
Key Highlights:
Entry Level: 20,429.42
Target Levels:
TP1: 20,323.94
TP2: 20,153.26
TP3: 19,982.58
TP4: 19,877.10
Stop Loss: 20,514.76
Context:
This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook.
Summary:
This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
MS and META brought down the entire index
USTEC continued its decline following disappointing earnings from two major tech stocks. Despite Apple (AAPL) and Amazon (AMZN) reporting earnings and revenue above expectations, Apple’s shares fell in after-hours trading due to weaker sales in China. Meanwhile, the VIX has climbed to its highest level since Aug, signaling potential headwinds as elections approach.
USTEC declined steeply and failed to hold the 20000 threshold. The index broke the channel’s lower bound, and EMA21 has death-crossed EMA78, sending a bearish signal.
If USTEC fails to re-enter the channel, the index's downtrend may extend to 19700.
Conversely, if USTEC breaches 20140 after re-entering the channel, the price may gain upward momentum to 20680.