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Nasdaqshort

Technical analysis update: Nasdaq 100 (10th January 2022)Today, the Nasdaq 100 index dropped below its key technical level at 15 538 USD - which currently acts as immediate support/resistance. We think this is a very bearish occurrence and one that can potentially mark the beginning of downtrend for NQ1!. This view is also supported by bearish technical indicators on the daily and the weekly time frames. Additionally, the monthly time frame shows peaking bullish conditions that often coincide with the market top. These warning signs suggest more trouble ahead for the general stock market. Because of that we are very cautious and we will observe the price action of Nasdaq 100 in the following days. We will view the potential failure of NQ1! to retrace back above the key technical level as very bearish. However, if retracement occurs then we will reassess our views. Illustration 1.01 Illustration 1.01 shows the daily chart of NQ1!. It also shows two yellow trend lines connecting all major lows: Line 1 and Line 2. Price dropped below Line 1 which is very bearish. Technical analysis - daily time frame RSI continues to develop bearish structure. Same applies to MACD and Stochastic. DM+ and DM- show bearish conditions as well; ADX continues to increase since 22nd December 2021 which suggests that current neutral trend is turning to bearish trend. This coincides with a price drop below the key technical level. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows the daily chart of NQ1!. It also indicates evaporation of new buyers as the price attempted to make a new high. Additionally, drop below the key technical level is marked. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bearish. DM+ and DM- performed bearish crossover recently. ADX continues to decline. Overall, the weekly time frame is bearish. Support and resistance Immediate support/resistance sits at 15 538 USD while major top lies at 16 767.50 USD. Support 1 can be found at 15 273.75 USD and Support 2 at 14 585.50 USD. Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
CME_MINI:NQ1!Short
by Tradersweekly
10
sell #NASDAQ at 15380 and take profit at 15190sell #NASDAQ at 15380 and take profit at 15190 in next 72h max 190pts profit guarantee.(no stop loss in that case,at least if he up 100 pips more u add 1 lot in sell.if you can assume this trade do it and you will pass a better week end #dowjones #xauusd #eurusd #sp500 #USDJPY euphoraia so much need to pullback overbought Jackson hole in nest 48h .... free money if he dare to up back 70-100 pips from now ,add 1 loy but no stop loss.believe me
OANDA:NAS100USDShort
by corsicasia
1
NASDAQ in a minute frameThe Nasdaq 100 index is one of the most heavily traded exchanges in the world, and is favored by traders who want to trade the big swings of some of the biggest companies by market capitalization. Trading the Nasdaq is unique from trading other exchanges and stocks, as it can be very volatile and operates under strict regulations. The Nasdaq 100 is made up of the largest 100 companies on the Nasdaq composite by market cap, which is home to over 3000 stocks.
UShort
0
by youssefmoba
NASDAQ INDEX - IXICGood evening? Signals to sell NASDAQ in general and BigTech shares in particular: 1. Round price of $ 15,000 = resistance. 2. Strong bearish MACD divergence on the weekly chart. 3. Beginning of bearish MACD divergence on slower monthly chart. 4. Bull trap - upward breakout of the resistance of the double top (yellow line). Therefore, we can expect a Fibonacci correction from 30-50% to the $ 11.5k-10.5k range. Not a financial recommendation. GET RICH OR DIE TRYIN.
NASDAQ:IXICShort
by Dr_Chester
1
NASDAQ/US100/NAS Move to the DownsideAnalysis done on the daily/4H timeframe. Nas has been overall very bullish, with very few corrections. How much longer can this go on for? As you can see, i've drawn out a few supply and demand (S&D) zones from the 4H TF. The last two 4H candles have been in favour of the bulls, with massive wicks to the downside. I've actually entered a buy here myself. This is because i see price revisiting the second-to-top zone, and then coming back down. Hopefully, if bears gather enough strength, we will have a move to the downside (represented by the arrow path). There's a chance price may revisit the ATH but i believe a correction is long overdue. I've drawn the bottom trendline out from the daily TF and if we're able to break and stay below it comfortably, the move to the downside will continue. I'll let you guys know if i end up entering nearer to the top. Updates to follow, follow me to see them.
UShort
by darbova
3