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Nasdaqcomposite

The Bullish scenarioThis Bullish channel could be the best framework for the coming months. I think we should consider any decrease in Nasdaq as a correction unless, Nasdaq composite getting outside this bullish channel and trending below it. Another bullish scenario: 16200 by the end of September I should confess I put two much emphasis on trading volume and see the generalized decrease in trading volume as a negative factor for market to trending upper. However, the relationship between prices and volume is not a linear correlation. And it’s effect in making bullish trends could be more than making bearish cases. Reading my analysis published on June 13th is recommended. I calculate 2 different scenario in that analysis and shied them as 1 and 2. Interestingly, between the 2 major scenario, I choose the wrong one. To accept your mistake means to become smarter than you were - Pierre Boiste
TVC:IXICLong
by Moshkelgosha
10
Target Nasdaq 25,000 for market topThere is a discussion that the market might be heading for a top. I have reviewed the monthly chart going back 20 years to the great big bull of the 90s, the index at the time was consistently uptrending with the the price being 80% above the 50Month MA. The market traded in a channel for years and once it broke above that channel, which became support in 1999 and in the following year topped when the price hit 210% above of the 50Month MA (5132 high vs 1645 50month MA). If history repeats itself (at the time of writing this note in January 2021) at the moment the 50 month SMA is around 6812 whilst the index however around 13,635. That means that even though the index price is trading outside of the normal channel band since July of last year, it is now possible that it will go forward to do a climax top sometime around summer target being September of this year. At the moment the index is trading at double (100%) above the 50 Month MA. However in order to become extremely overbought, it needs to continue to grind higher and consolidate sideways as it has been doing. What are the parallels of 1999. 1) In 1999 there were IPOs today there are SPACs. 2) In 1999 there was AOL today there is TSLA. 3) Top stocks were splitting and raising money with secondaries just like they do nowadays. 4) In 1999 was the era of the Internet / communications, today we have EVs and now moving to EV infrastructure and Space exploration. 5) Everyone wanted a piece of the market, Joe Public started becoming a "professional" trader and making more money than his normal income. 6) Everyone was rushing for the next big stock to buy, everyone was pumping, swings were very wild and the nasdaq was not trading in sync with the normal s&p index. All of the above and more factors convince me that history is repeating itself and that we are in for a great year. I am expecting that the 50Month MA to move up another 25% in the next few months to around 8500 and the index could peak at 250%-300% of the 50 month MA which would equate to a price of 21,300 - 25,500. Calling the Nasdaq top at 25,000 looks extremely optimistic, but at the same time frame in 1999 the market kept moving up by 80% to reach the market top. Based on today's price a move of 80% up also gives a price of 24,500 so this call although absurb is quite feasible. I am long the stocks and plan to remain long and buy stocks until the Nasdaq hits 20,000 from which then the market will become extremely volatile and will start unwinding positions and take a break. Good luck to everyone, do your own DD.
NASDAQ:IXICLong
by adrscib
1
Nasdaq Composite - NAS100 - NAS100USDStrong Bearish Engulfing candle on the daily timeframe suggesting we might start to see some further bearish action in the days ahead Please don't forget to FOLLOW, LIKE, and COMMENT ... If you like my analysis:) Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose.
OANDA:NAS100USDShort
by Michael_Harding
Nasdaq Composite sideways correction, rising to 13500 by Feb2021 Nasdaq Composite has just finished or about to finish the Wave 2 correction of the larger Wave (3) of the larger Wave 5. Some may identify the 2 Sep to 9 Nov 2020 correction as a triangle, but triangles usually appear in the later part of a larger wave, like the second half of wave 3 or wave 4 or in the case of diagonal triangle, wave 5. This is obviously the Wave 2 of the larger Wave (3), the bullish run from March 2020 is fairly young, still has huge space and time to grow, because Wave (3) are quite often extended and could never be the shortest wave. Therefore the 2 Sep to 9 Nov 2020 correction should be correctly typed as a WXY double three or WXYXZ triple three. Double three and triple threes are the less well known types of Elliott Wave correction, but they appear more frequently in the 21st century than 40 or 100 years ago. Perhaps because people today are less patient and trade much faster than 1920s traders, there's often not enough time for the classical 5-wave Wave A and Wave C to develop, instead we get the sideways 3-3-3 WXY correction. There might be another retest of 10800 support within the next 2 weeks, forming the WXYXZ triple three correction. The long term trend of Nasdaq Composite is extremely bullish, in Oct 2020 IXIC bounced up nicely from the 20-week simple moving average, confirming the uptrend is unharmed. I expect more positive news about Corona virus vaccine in November and December 2020, the Christmas season has a statistically 73% probability of being bullish starting from 1950. If we start counting from 1990, December has a staggering 77% probability of bull. The top of the small scale Fibonacci channel converges with the 1.618 extension of the older large Fibonacci channel in Jan and Feb 2021, so the converging point of 13500 is a very valid target. As the Fed has promised to keep the interest rate close to zero for the foreseeable future in Aug 2020, the huge bull of American stocks especially tech stocks will continue. 16000 in latter 2021 seems reasonable, we will probably get 20000 in 2022 and 30000 in 2023 or 2024.
TVC:IXICLong
by MarcusAu
2
American economy will face another low - NASDAQ 100 analysisAfter a market meltdown, we are now in the situation of a nice correction, price action creating a W pattern and reached previous major gap opening. Furthermore, from a technical perspective price reached the 61 golden ratio fib of the previous impulse, aligned with the 200MA and of course, previous structure which means there is a very high probability of finding strong supply zone around the 8300-8500 price area. A lot of confluence for the second wave to the down side. From the fundamental view, the US is now providing bubble support for the businesses and overall economy, creating even more inflation by having 0 Interest rates and printing money. They have just delayed the crash up until now in order to keep the liquidity and delay the real meltdown. The Boom factor plays its role aside, America facing half a million people infected. New York having more than 180k might get quarantined and the banks could be also temporarliy closed in the near future. First quarter earning season is almost finished (latest on 15 May) and most probably companies will signal bad results due to the economical pandemic slowdown. Gold is trading at 1700, continuing strong on bullish momentum. We expect new record highs. The 10 Year cycle has come to an end, and based on previous knowledge, considering all these factors we are expecting a financial crisis. The moment when fear will occur in the market we will see people making billions and people going broke. It is what it is. Our trading plan is to short the Index and scale in once we get confirmation. The downside target is 6000. However we might see even lower lows. Be prudent trading, stay safe
UShort
by TradingExpertGroup
3
Nasdaq Composite Ending Diagonal: Reversal soon Recently Nasdaq Composite has been dropping quickly alongside other major stock indexes. Here is a very obvious ending diagonal in Waves Theory, or 'falling wedge' as technical analysts call it. This kind of fast price decreasing coupled with narrowing space of bounce back is caused by extreme panic selling, which will turn into panic buying once investors realise this is not end of the world. Looking at this hourly chart, the ending diagonal from 4 March forms Wave C of the correction. The ABC correction from 19 Feb 2020 is a textbook style sharp, zigzag correction, almost perfect example to study upon. IXIC has dropped to the 50 month moving average at 6800 and bounced back quickly, which is another signal that this correction is finishing soon. When IXIC finally reverses, it will rise to 10 day moving average, and very possibly drop from there a bit.
NASDAQ:IXICLong
by MarcusAu
1
NASDAQ composite - expect the drop to the 2018 lowFollowing the SPX and DJI, the Us tech 100 composite is expected to drop to the 2018 low. Pandemic news strike the global markets on a daily basis now, over 200 k persons infected by the COVID-19 virus, curve still in uptrend. Even with the Fed implications and low to zero interest rates, we expect further downside continuation for the US Indexes. With over 300 million citizens, the US is now at the beginning of the infected growth having the potential of ruching the Europe numbers. The shorts on the US100 tech index are active, with the price target of 6000. Traders, if you find this idea relevant support us with a like and comment your view on the subject. Don't miss the latest fundamental updates by following the post.
UShort
by TradingExpertGroup
NASDAQ BEARISH trendline Setup updates!!Congratulations to our awesome previous massive sell(TP) and short buy pullback as seen on previous posts, So please fam now pay close attention to our MAJOR BEARISH TREND-LINE And follow analyses with due respects. However we are now almost at the bottom bearish trend-line, so fill up gap to the upside as long as it doesn't break trend, Wait for Reversal(Pattern/candles) Then buy! Please Like and share your ideas on this particular pair too. Hit follow and get daily NASDAQ updates. Also always apply proper risk managements thanks!
OANDA:NAS100USD
by NAS-KING
2
Nasdaq the route is clearin the previous post, I did say we are crashing and this is happening. Fundamentally, it is down as well. Shops closed, Restaurants closed, Flying banned, Travel Industry got hit. Apple stores closed in China, Alibaba took a hit. So, Is there a possibility of a bounce. Fundamentally No. Companies are going to report losses. Losses after losses. And we have broken out the Channel today if the channel remains broken this week we are done we will definitely crash like the 2008 crisis. No QE going to help this time we need more trillion dollars to be printed lets say a 10 trillion to temporarily save the economy See you there.
NASDAQ:NDXShort
by AbhijitRath
1
Nasdaq Composite dropping to 7900, then back to 9800 Huge amount of panic is driving global markets down, IXIC will drop to some strong psychological support before coming back up again. Looking at monthly chart, 20 month moving average is roughly 8000, 100 week moving average is 7900, so 7900-8000 is very possibly the price level where this short term downtrend will reverse. In extreme case of panic, IXIC may drop straight to the bottom of the ascending channel in one month, down to 7500. Like I said in the previous article, 7500-8200 is a good buy zone, the virus panic will eventually finish, governments may reduce interest rates close to zero or negative, in months the long term uptrend will resume. I don't see a major downturn indicated by American demographic cycles, the dow is nowhere near the end of a cycle, so this crash in 2020 is definitely not the start of another 2008 or 2000 collapse.
NASDAQ:IXICLong
by MarcusAu
1
NASDAQ 100 - the push to the upside is now expectedTraders, as you already know due to the lately COVID-19 outbreak markets started to fall for the recent week. The Virus fears raise as the"W.H.O." raises coronavirus threat assessment, now says virus poses a ‘very high’ risk at a global level" - cnbc.com. Price is now trading at a previous strong demand area, already retested the 8.200 level. We now expect the push to the upside from the demand area, due to the tweet on 28 Feb " POWELL SAYS FED WILL USE ITS TOOLS AND ACT AS APPROPRIATE TO SUPPORT THE ECONOMY"@FxMacro Now as we approach summer, the Virus-infected cases should start to decrease as the COVID-19 only survives under 26 degrees Celsius. We don't see concrete signs of a recession. Gold is also dropping, might create now an h&s pattern, signaling a reversal to 1400. Monthly indicators and moving averages are signaling strong buy, the bullish momentum is still valid from a technical view. We will long at 8.400 and have our fist target to the 50 EMA, 9000. Keep in mind that the Corona Virus news might still impact the markets in the following weeks, use proper risk management.
ULong
by TradingExpertGroup
NASDAQ 100 - longing the correctionThe US 100 composite is now correcting from its monthly rally. The market remains still bullish. We want to catch the retest of the high, price is now trading at the hourly 200MA. Therefore we will long, with the price target of 9700. We will place buy limit order at price 9530, at demand area. Traders if you follow this idea, we recommend entering with prudence and proper risk management according to your strategy. The NASDAQ Composite is one of the most volatile assets on the US financial market. Protect your capital.
ULong
by TradingExpertGroup
2