USNAS100 (Rally with some Correction)USNAS100 New Forecast
The price maintains bullish pressure due to NVIDIA's strong profits.
Technically, a correction is anticipated down to 18435. Stability below this level would indicate a continuation of the bearish trend towards 18235. Conversely, stability above 18661 would support a bullish trend, with the first target being 18790.
pivot line: 18600
Resistance Price: 18660, 18880, 19100
Support price: 18435, 18250, 17990
Its range for Today will be between Support 18235 and Resistance 18790
On the economic data front, weekly initial jobless claims, S&P global flash PMI readings and durable goods data are due through the week.
Global market participants were also closely watching out for developments around the death of Iranian President Ebrahim Raisi, a hardliner seen as a potential successor to Supreme Leader Ayatollah Ali Khamenei, in a helicopter crash.
Nasdaqlongterm
Nobody saw that comingIn the coming months, I expect the following catalysts
1. Oil coming down, already there are discussions about removing Russia from OPEC
2. 10 Yr coming down, currently forming an H&S
3. FED adopt a more conservative strategy for interest rates going into 2023
4. Massive short squeeze on tech, High short interest rate there!
5. Rotation from oil to tech
45% are comparing this to .com and the other 45% to 08. Guess what the market likes to do...
This is not investment advice, do your own research!!!
Look First / Then Leap
NAS100 BULLISHOn the 4h chart, with a Double Bottom pattern and the Parabolic SAR buy signal, my prediction is that Nas100 might keep its bullish trend and the confirmation to Buy should be around 13287.1.
Price might retrace on the buy confirmation zone before it continues its bullish trend.
TP1: 13551.40
TP2: 13770.60
NOTE: Watch carefully because price can be affected in many different ways with USA News release.
NASDAQ Birds Eye View - Alternation In PlayThe long term picture of the fate of the Nasdaq is starting to take shape in a predictable manner.
Alternation in Waves 2 and 4 gives me all the clues I need to proceed.
Wave 2 wave expanded with a sharp correction.
Wave 4 should be shallow sideways.
Depending on where Wave E lands this will probably terminate at 20,000.
Wave E might also find support back down on the rising trend-line right before Wave 5 begins.
See my related idea for the D Wave trade now in progress.
It's safe to say that I will be tracking this market until the end.
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Nasdaq - why I wouldn't buy hereAs can be seen on chart Gaussian alligator can be seen to be opening bearishly on the weekly chart, with a possible rejection at the top of the ichimoku cloud, it may seem bullish at the moment but in fact this is very bearish. Short at your own risk, big players tend to take out shorts.
[VW 10% LONG] Buy Alert w/ Spectro™ M This is a signal using Spectro™ M
The blue background means a reversal zone.
Now it turned green, which means a bullish trend is beginning.
Also, we see many of those "GREEN TRIANGLES" which mean that Spectro™ M confirmed a consensus on more than 20 indicators.
So after this long downtrend and since we are close to a strong support around 32.5, those are 3 good sings for a long.
We just had the buy alert on the weekly trigger, which means it's a solid buy, so we can expect bullish movement.
Targets around 2-3% and 7-11% from entry.
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Nasdaq- Buy Or Sell?Nasdaq has been in consolidation since start of the second week of this month. 7000 is the strong resistance and 6800 is strong support for this month. NDX is trying to break the 7000 and this rising wedge pattern is giving us the confirmation of bullishness. Break and sustain above 7000 will lead to 7200-7400 and to other hand break and suatin below 6800 will lead to 6600-6400. Wait for the confirmation then enter in trade.
NASDAQ longterm forecast.Hello Traders!
Tengri Traders vision concerning NASDAQ.
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Inside bar without any resistanceAs we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports,
USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I will hold so.
//Jim Cramer is one of CNBC’s top stocks analysts and a former hedge fund manager. In an edition of Mad Money, Cramer explained that he is often inclined to buy stocks that have reached fresh all-time highs, providing they have been rising consistently, and have pulled back since reaching their latest high point: "When I'm ready to establish a position, I wait for a pullback to come that's at least 5 percent down," Cramer said. //