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Nasdaq100

Nasdaq 100 Remains in Record Territory As with the S&P 500, the Nasdaq 100 continues to rally day after day with nary a meaningful dip since April. While the 14-day RSI isn't at it's most overbought level this year, it is showing a potential bearish divergence at the recent highs, where price makes a higher high and the momentum indicator makes a lower high (so far). Index traders will be watching this divergence carefully to see whether it hints at a more significant top forming in the coming days. If we do see a near-term dip, the rising trend line and previous-resistance-turned-support at 20,000 will be the key support levels to watch. -MW
FOREXCOM:NAS100
by FOREXcom
Nasdaq Intraday Review - Monday 8 July 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 +- 6am GMT (1am EST) Economic news - None News - None Directional bias - BUY (because an overall trend is like the current of a fast flowing river, if you go against the fast flowing waters, you will go a shorter distance than you may expect. If you go with the current, you will go further than you may initially expect) During analysis noted the following: M TF - Bullish W TF - price stalled at the 19'737 zone (with a shooting star and doji candle formations) but then price pushed higher D TF - bullish with Friday Day candle closing with a strong momentum bull candle Noted an area of interest: Area of confluence highlighted in green is where D pivot + 4H 0.382 exactly align (as at morning analysis when fib was drawn from swing low at A. to swing high at B.) Set a buy limit to enter a full buy position at this level. As the morning progressed a descending triangle pattern formed, marked in blue lines Entered a buy at the hand icon on the 30min TF (even though I thought that market may retrace to my area of interest, Nasdaq gave the clear sign that it was ready to move up). Confirmations: Market pattern - Descending triangle patterns usually break down but can break in either direction. In this case the pattern was broken upwards as the bullish support level (bottom horizontal line of triangle) held strong. I entered a buy when the 30min candle closed on the 30min TF. I waited for this candle close because I wanted to be sure that price could break the 1H S&R zone marked in the light blue highlight. Also a DB had formed and neckline broken upwards on the 30min TF and temporary down trend line was broken - marked with orange lines S&R - 1H S&R level was broken Trend - buy is in the same direction as the overall trend and the temporary down trend line in blue had been broken too Fib - none Mental stop loss was placed at the pink thick line, which is half the height of the DB formation Price moved 580 pips from my position. I secured when price had moved 250 pips from my entry. When market opened (US session) there was a tug of war between bears and bulls. Price came down to my entry twice at C. - I removed my stop loss both times (the first two candle wicks at C.) because I wanted to see how price would react to the 30min EMA. On the third wick down at C. I was out at entry because I did not feel confident as to the direction of market on the third bearish push down. Decided I will enter again if price comes down to the pivot point and my area of interest. If not, and if price moves up from here, then I will let my runner from Friday take advantage of the upward move. Ultimately price moved 890 pips from my entry but I did not gain from this move because I was out at entry at C. At least my runner took advantage of the buy and I live to trade another day. What could I have done differently / better? Looking at the price action now, I don't see a re-entry point that I would have been happy and confident with. So ultimately, I am happy with the risk I took to watch price action at the 30 min EMA twice in a row by removing my stop loss (not something I usually do). But I have no regrets to being out at entry, because it could have gone the other way today. So I took a risk and then protected my capital. A good day on Nasdaq is a small loss, being out at entry or a win. So I guess it was a good day! ;) Hope you profited from this buy! Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ Composite - The Momentum Will Continue Till 19,250(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%. (2) Following this, the price found solid support near the 10,150 level and started to climb again. (3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards. (4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend. (5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.
NASDAQ:IXIC
by NaranjCapital
Nasdaq Intraday Review - Friday 5 July 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 +- 13h00 GMT Economic news - NFP @ 13H30 Directional bias - BUY (overall trend on Nas is bullish - "The trend is your friend") During analysis noted the following: Usually don't like trading in the morning before NFP (because often market is just consolidating) - so did my analysis just before the news came out. I am still figuring out my personal method of trading NFP, but I lean towards trading with the trend and trying to get in on a spike down. Price was at about the arrow when I did my analysis. I noted a DT had formed on the 1H TF - neckline and profit target marked with green lines. Profit target = same height as the market pattern. Also noted that if price dips from where it was at the arrow, then a DT would be formed on the 4H TF - neckline and profit target marked with purple lines. At the time of analysis, the 4H EMA was right at the profit target of the purple DT. I have noticed that even during news, very strong areas of confluence can still cause price to bounce (sometimes enough to be able to secure at entry after price has moved 250 pips from entry). So because I felt that market is still chasing that orange profit target, from the huge orange consolidation triangle, I felt convinced of my directional bias. I had two strong areas of interest: Area 1: Profit target of purple DT + 4H EMA + Strong S&R (previous swing high on 4H TF) + 4H 0.382 fib zone (Fib drawn from swing low at A. to swing high at B.) So at this area, you would get pattern traders possibly entering, EMA traders possibly entering, fib traders possibly entering and S&R traders Area 2: 4H 0.50 fib level + D 0.382 fib level + strong support on 4H TF. So I set buy orders for quite big positions at these areas. It's risky because NFP can be so incredibly volatile and can just smash so far down that you can bust your account. Area 1 was 1'400 pips from where price was at the arrow and area 2 was 2'500 pips from where price was. So be sure your account can handle your buy orders if a large draw down occurs. Because these 2 area's were so far down, I felt I had to set a buy order somewhere higher. I identified Area 3: Profit target of 1H DT + 1H 0.50 fib + 1H EMA + somewhat of a S&R zone on 1H TF. But because this was so close to where price was, I set a buy order for a much smaller position. NFP news came out, and my Area 3 buy order triggered. Had a draw down of about 278 pips and price touched the Daily pivot and reversed (I find it so interesting how price can spike down to a very specific point and then reverse on the spot and fly). Clearly, many traders had set buy orders at this level. Price skyrocketed and I feel it is chasing that orange profit target level. Ultimately price moved 2'200 pips from my position. My profit target is at the orange profit target line end and I am still in the game (didn't close as yet). Patience paid off and I am happy to end a relatively quiet week of missed trades (because of work deadlines) with a BANG!!! Hope you caught this awesome buy and made nice money! Have a great weekend! Monday we trade again! :)
PEPPERSTONE:NAS100
by Jinxx84
Tesla Analysis!NASDAQ:TSLA Analysis on a Weekly Timeframe! Multiyear trendline breakout in Tesla! Inverted Head and Shoulders Pattern formation at Support! Neckline breakout in Tesla! Of course we have missed the entry in a Tesla but take is as a learning. Where I have combined Multiyear Resistance trendline with Inverted Head and Shoulders Pattern. So what we need to do is ,Identify the chart pattern on a longer timeframe and after that on the event of breakout need to come down to lower timeframe. As I marked all the levels on a weekly timeframe but we can enter in the stock on a Daily Timeframe. Disclaimer = Consider my analysis for Educational Purposes only. Before entering into any trade - 1) Educate Yourself 2) Do your research and analysis 3) Define your Risk to Reward ratio 4) Don't trade with full capital
NASDAQ:TSLALong
by Avinash9087
Nasdaq Intraday Review - Wednesday 3 July 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 +- 6am GMT (1am EST) Economic news - ADP Non-farm Employment Change + initial jobless claims Early market close today - volume & volatility may be light today Directional bias - BUY During early morning analysis noted the following: Yesterday the bulls pushed higher, breaking out from the 4H consolidation triangle that had formed. Bulls managed to close the D candle higher than the previous highest D close. Bulls were flexing muscles yesterday. Usually the profit target on a break out of a consolidation triangle is the same height as the height of the triangle itself (marked in orange lines). This means that theoretically we can expect a significant move up. I suspect that price may retrace today - possibly a shallow retracement before moving up because bulls will be pushing for the orange profit target. Identified two areas of interest (as at 6am GMT) highlighted in green. If price comes to these areas, I will enter a buy at my full position size; Area 1: Pivot point + 4H 0.382 fib level (drawn from swing low at A. to swing high at B.) + 1H 0.618 fib level (drawn from swing low at C. to swing high at D) Area 2: Top of the consolidation triangle (i.e. assuming market would want to re-test this market pattern) + 4H 0.50 fib level + 4H EMA (EMA was at this area in the morning) But I think it is unlikely that price will come down this far because the retest of the consolidation triangle already happened on the 1H TF i.e. the red candle close to C. (quite a high time frame thus representing a strong re-test) Noted another consolidation triangle formed on the 1H TF (as marked by the dark pink lines) during the morning hours. Entered a buy as price started breaking upwards from the market pattern (indicated by the hand). I generally don't like to enter on these early morning market patterns because I've seen they are often prone to fake-outs on Nas100. But I was watching price action carefully on the 5min, 15min and 30min TF's and bulls seemed to hold breakout strong. I entered gradually as my confidence rose that this is not a fake out. Mental stop was placed below the consolidation triangle (marked with the thick pink line). Market moved up by more than 250 pips and I secured my trades at entry. Bears stepped in forcing a retracement and I was out at entry. Price touched the 1H EMA and this was enough dynamic support to invite bulls back into play. At this moment I was very distracted with work deadlines an unable to pay the close attention to my charts as I usually do. So I did not re-enter. But looking back at the candles now, the buy entry at E. was not an easy one. Nas did not give clear confirmation. The bulls momentum candle was right as the US session opened at 14h30. There was no nice DB on the 5min nor the 15min TF (which are the TF's I use for precision entries). The bullish momentum candle came up so high that it just didn't feel right (to me). Perhaps the correct entry would have been at F. which was the re-test of the uptrend pink line and also the 0.618 fib level on the 1H TF (fib drawn from swing low E. at to swing high at G.) But this entry style is not my entry style. Usually what I do to combat these kinds of situations is to leave a small runner open. So for example if I had a successful trade open yesterday and market moved up +- 2'000 pips let's say...then I would leave a small runner open. For me, it removes the FOMO I feel when Nas just turns around without much confirmation, because then I still feel like I am "part of" the big move up and dont feel like I am missing out. Then my runners take advantage of days like today and I re-enter my bigger positions into the uptrend on strong retracement interest areas. I recently closed all my runner's on the 3 bear day candle closes. Hope you caught this nice buy! If you did...tell me how you got in!? Not trading tomorrow....see ya Friday! Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review - Tuesday 2 July 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 +- 6am GMT (1am EST) Directional bias - BUY because for me there has not been a reversal market pattern on a high TF (at least the D TF). During analysis noted the following: M - June M candle closed with a massive bullish candle which was 16'886 pips in size. May M candle was 16'453 pips in size - so there is no slow down in bullish momentum on this high TF. W - Last W candle close also could not break the resistance at 19'740 and closed in a doji candle. So now we have a shooting star candle + a doji candle + a colour change candle on the W TF. So this could indicate that bulls are losing momentum at this point. Price could either be stalling at this point and then push further up or price could be stalling with bears stepping in. So further confirmation is needed. D - Potential DT forming with the neckline right at the resistance level that can't be broken on the W TF. 4H - Massive consolidation triangle forming (you could see it clearly this morning on the 4H TF if you change chart type to line chart, marked in orange lines ((although now broken upwards at time of writing)) Also a large DB formed with neckline broken up and price retesting neckline. Entered a buy at 19'755 (as indicated by the hand) - Confirmations: 1. Market pattern - DB formed on 30min TF (marked in turquoise lines) with neckline broken upwards. Entered at break of the neckline. This DB formed right at the area of weekly resistance and above the pivot point, indicating that market is rejecting this area and bulls are stepping in to possibly break this zone. Also on the 15 min TF, there is a DB right at the pivot point , with nice long wick candles sticking out below the pivot point, indicating that bears pushed hard to break this support zone down but bulls fought back and held the zone strong (candlestick confirmation). Timeframe confluence also exists because we have a DB formed and completed on 15min TF + DB formed and completed on 30min TF and DB in progress on 1H TF + this zone represents the re-test of the neckline of the 4H DB so clearly price is rejecting this 4H neckline and ready to move up. 2. S&R - market clearly rejecting the daily pivot point 3. Fib - 4H 0.382 is in the same zone as the pivot point 4. Trend - overall Nasdaq is bullish and trade is in the same direction as overall trend - "the trend is your friend". Plus current temporary uptrend line (bottom of consolidation triangle on the 4H TF) 5. Break & re-test - 4H DB break of the neckline and re-test SL was a mental stop placed at the thick pink line (i.e. half the height of the DB market pattern) Market moved up the full profit target of the market pattern (i.e. the same distance up as the height of the market pattern) Then price came back down to re-test the neckline, but bulls couldn't hold strong and price pushed down further. Usually I would secure my trades at entry after price moves 250 pips from entry. Unfortunately, price only moved up 240 pips and then moved down. So took a loss of about 300 pips when my SL hit. Not sad about this entry - it was based on good confirmations on high timeframes. Then I missed a great entry due to a mistake I made during my morning analysis. For the D TF, I drew my Day fib from swing low at A to swing high at B. I should have drawn my Day fib from swing low at C to swing high at D - reason being because market had already retraced at C. so this should have been my most recent swing low. Such a rookie error! Can't actually believe I made this mistake. But had I drawn my fib correctly, I would have identified a really strong area of interest (marked in the green highlight on the 30min TF). This was an area of confluence because it was the intersection between the orange uptrend line, the 4H and the D 0.618 fib. Under usual circumstances I would have entered at such a strong zone because price would for sure bounce from this zone. Probably bounce enough for me to secure my trade and then if bears persist, market would take me out at entry. So I missed this trade and market moved up 3'000 pips - OUCH! But I live to trade another day! Hope you caught this great buy and made nice profit!! :) What could I have done differently / better? My real issue here was that I was using my old charts from last week. Usually I would use fresh charts each week. Essentially being lazy and not creating a new set of charts for this weeks trading, caused me to rely on old fibs. Laziness will always bite you in the behind!
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis On D1, the price can potentially form a 3-wave structure; with this implementation, it will be possible to see a global correction after a strong growth. Globally, the targets will be at levels 19350 - 18550 On H4, for confirmation, you can wait for the formation of a 3-wave structure with a retest of the trend line, and consider selling with little risk. Local levels 19594 - 19080. In this case, it is better not to take increased risks, since a potential correction of the asset is being traded. Target 19443 - 19303 - 19080
CAPITALCOM:US100Short
by Trade-U-Metta
NASDAQ - UniverseMetta - Analysis#NASDAQ - UniverseMetta - Analysis On D1, the price after the correction may form a continuation of the upward movement with an update of the ATH. The correction was less than 40%, which may also, against a news background, allow the price to once again go down to the level of 19455. On H4, for confirmation, you can wait for the formation of a 3-wave structure along the trend and consider buying. You should be careful if an ABC structure is formed, and the price can make a false breakout. In this case, it is better not to increase the risks. Target 19894 - 20039 - 20387
CAPITALCOM:US100Long
by Trade-U-Metta
Nasdaq Slapped- Like u saw yesterday, BTC dipped but the main reason for now is just the global economy being worst. - Nasdaq Companies made big % lost yesterday - here the main list - www.cnbc.com - The Covid19 caused a fast dip followed by a mega pump based on stimulus (brrrrr), now the real dip is ongoing. ---------------------------------- Trading Part ( Long Term ) ---------------------------------- - Buy 1 : 12,000$ - Rebuy : 10,500$ - 11,000$ TP : before 20,000$ ---------------------------------- - This Analyze of course can be faked by a strong money printing (Brrrrrrrrrrrr) Happy Tr4Ding and St4y Safe !
SKILLING:US100Long
by thecryer
38
US100 H1 - Long SignalUS100 H1 We are still very much in an uptrend on the US100, and as per the above H4 analysis, we ideally want to be trading with the trend. This hourly setup offer a long entry with stops covering arguably the previous lower high. The H1 timeframe looks good, 19700 price is a whole number price level. The only concern lays on the H4 timeframe, where it looks like we are wanting to break downside further. Not looking to jump in this yet, but if we can see some hourly support confirmation, this could be something we entertain as we move into the US market open.
CAPITALCOM:US100Long
by Trade_Simple_FX
USTECH Trade Plan Timeframe: 1DUSTECH Trade Plan Timeframe: 1D #NDX100 #NASDAQ #USTECH #USTECH #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊 📉 Previously Bullish Trend: Firstly, on the 1D- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻 🔄 Bullish Flag : However, it's crucial to note that recently, we have started to observe a Bullish Flag pattern on the One Day Time Frame. This is an important signal that the Bullish momentum might be More Stronger. 📉🔄 📊 Trade Opportunity: Currently, we are looking at a potential trade opportunity with a Bullish bias. 📈 Entry Price: 15940 🎯 Stop Loss Level: 14042 🚀TP1: 17826 🚀TP2: 19711 💰 Investment Advice: Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade. Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
PEPPERSTONE:NAS100Long
by TradingwithBelieve
Nasdaq 100 Index Reaches 20,000 Points for the First TimeNasdaq 100 Index Reaches 20,000 Points for the First Time On 30 May, we noted some uncertainty in the price behaviour of the Nasdaq 100 (US Tech 100 mini on FXOpen) near the resistance level of 18,840, as shown by arrow #1. Following this, the price declined and tested the former resistance at 18,250 (indicated by arrow #2) – the long lower shadow on the candle indicated aggressive demand (more details in the article on the Hammer pattern). This test gave the bulls confidence to break through the 18,840 resistance. In June, the price continued to rally within the ascending channel (shown in green), which is part of a larger ascending channel (shown in blue), driven by: → prospects for AI implementation; → prospects of Fed rate cuts. Yesterday, the Nasdaq 100 (US Tech 100 mini on FXOpen) rose by approximately 1.2%, reaching the psychological level of 20,000 points. This record was supported by influential analysts raising their forecasts for US stock markets. For example: → Goldman Sachs raised the year-end 2024 target for the S&P 500 (US SPX 500 mini on FXOpen) from 5200 to 5600; → Evercore ISI increased its forecast for the same index from 4750 to 6000. Market sentiment was also buoyed by the anticipation of several comments from FOMC members scheduled for this week. These might confirm the Fed's intention to cut rates as early as September this year. Technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) shows that: → The price is in the upper half of the blue channel, with its median line potentially serving as support. → The price is near the upper boundary of the green channel, which can be considered resistance. This suggests that the price might retreat from the psychological level of 20k towards the lower boundary of the green channel. It is possible that the current bullish drivers will remain relevant until September, allowing the Nasdaq 100 (US Tech 100 mini on FXOpen) to continue rising towards the upper boundary of the blue channel. Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:NDQM
by FXOpen
2