Nasdaqidea
NASDAQ Moving LowerLooks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly failed to make a higher high and is accompanied by higher recent selling volume. Current support levels are shown as dashed lines (yellow to red) With the red box being the strongest support and current target.
The Short Term - Looks as if we return to the primary trendline of the melt up (teal solid) to see if we get a breakout or a fake out. Mom's allowance money for this week says we make that move lower due to the above analysis and since RSI was rejected off the 50 level.
The Long Term - Shows price action moving back towards and testing the 200-day MA with the battle between the 50-day and 200-day to follow afterwards. Death cross = doom and gloom, bounce = hao in the NHL did u guise pull ths off?
TDLR; Bearish Deviations - Price action moves down to the teal solid line then towards the 200-day MA. Red box is the current target. Stay tuned to see how mad mom gets if the market takes our allowance money.
None of this was meant to be financial advice, but still seems pretty legit
NAS sell on US session?PEPPERSTONE:NAS100
Hey, today with something special
This idea will be ICC based so lets get into it
How u can see trade from yesterday on nas was 0 drawdown so hope today will be same
For valid trade price cant go over last high whats around 15230.
Then we want to see break of last low and close candle under it
SL can be on last high. For TP1 we will be reaching last low (15100) candle close (15080) wick
Around this zone we can close partials or watch what price do, if we break under we can hold until new low will be made
Just wait for US Session
I took 2 trades like this on nas with high reward so i hope nas make the same move even when i share it with you.
Shoutout to SCI
NQ1! NAS100USD NASDAQ 2023 JULY 31
NQ1! NAS100USD NASDAQ 2023 JULY 31
A) Market facing resistance at 16030-15904 area
B) Fallen out of uptrend channel | | Lower High
C) Rotation between 16030 - 15511
D) Weakening upward momentum on W / D timeframe
Possible Scenarios:
1) Rotation strategy: Trade at boundary 16030 | 15904 and 15511 (grey zone 390 - 500pts range).
Target can be 50% of range or trail to rotation boundary.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 16030 15511 15118
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: Narrowing spread ave vol up bar = weakening momentum
Daily: Lower vol up bar close off high = minor weakness
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful | *For education purpose only.
Have a profitable trading week.
Nasdaq's Rebalancing of Fabulous 7 Tech Stock so CautionRecent news concerns Nasdaq's decision to rebalance its equal weighting for the Fabulous 7 tech stocks. While this may seem like a routine adjustment, I urge you to exercise caution and remain skeptical about future stock returns and performance.
It is no secret that the Fabulous 7 tech stock has been the talk of the town lately, capturing the attention of investors worldwide. Its remarkable growth and seemingly unstoppable momentum have undoubtedly piqued the interest of many. However, as seasoned traders, we must be aware of the hype and excitement surrounding these stocks.
Nasdaq's decision to rebalance the equal weighting of the Fabulous Seven tech stock raises concerns and warrants a closer examination of the situation. Why would such a move be necessary if everything was going swimmingly? It is essential to question the motives behind this adjustment and consider its potential implications on the stock's performance.
While rebalancing can be a regular part of market operations, it often signifies a shift in the underlying dynamics of a stock. It is crucial to remember that past performance does not guarantee future success. The Fabulous Seven tech stock's meteoric rise may have been impressive, but more is needed to ensure continued growth or prosperity.
As traders, we must remain vigilant and not mindlessly follow the crowd. While the Fabulous Seven tech stock has undoubtedly provided lucrative opportunities in the past, it is crucial to approach future investments with a healthy dose of skepticism. We must carefully analyze the potential risks and rewards, considering the rebalancing decision and its impact on the stock.
In conclusion, please proceed cautiously regarding the Fabulous Seven tech stock and any future investments. Nasdaq's rebalancing decision serves as a reminder that the market can be unpredictable and subject to sudden changes. Let us remember the importance of conducting thorough research, diversifying our portfolios, and making informed decisions based on careful analysis.
NFP NASif 15100 holds we can see a nice move to the down side tapping into that 4hr order block and buy side liquidity around 14900
now if 15100 doesn't hold we can see a move up to clear the remaining sell side liquidity around 15160 -15220
im short side biased at the moment a break of 15050 should open the door for a nice move down to those both of those green lines if no break i wouldnt enter waiting on confirmation but keep a eye on this trade safely its NFP
Nasdaq -> Preparing The Bearish WaveHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that Nas100 just retested and already started to reject the major previous weekly structure zone at the psychological $15.000 level.
You can also see that Nas100 retested the resistance of the very bullish rising channel, the next support would be the 38.2% fibonacci retracement level at the $14.000 zone so I am just waiting for more bearish pressure and then I do expect more upside potential.
On the daily timeframe you can see that Nas100 finally broke structure towards the downside with Monday's candle so this is a sign that Nas100 is actually slowing down - I do expect another push lower to retest daily support at the $14.300 level and then I do expect a first bullish rejection.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: