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Nasdaqsignals

NASDAQ 15-Minute ChartThe bleu highlighted area at the top indicates a supply zone where the price has repeatedly failed to break higher. This suggests strong selling pressure at this level. The recent price action shows a potential bearish trend. Given the repeated failure to break above the supply zone and the projected downward movement, market sentiment appears bearish for NASDAQ in the short term. Consider entering a short position around the current price level or upon confirmation of a downward move from the resistance zone. Targets would be the support levels at 19698.53. Ensure proper risk management by sizing the position appropriately and setting stop losses.
FX:NAS100Short
by TopGBanks
NASDAQ Still a few weeks before it tops.Nasdaq (US100) has been trading within a Channel Up pattern since the November 2022 market bottom and at the moment is unfolding its 3rd major Bullish Leg of the pattern. Supported on the short-term by the 1D MA50 (red trend-line), the index is aiming for at least a +26.20% rise from the April 15 Low, as the 2nd Bullish Leg rose by 5% less than the first. The price has entered its peak formation process on the Channel Up Higher Highs as the 1W RSI has been overbought (above 70.00) for a month, similar to when the top started forming in June 26 2023 and February 2024. Our immediate short-term Target remains 21300 as per our previous analysis. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
1
NASDAQ Slow and steady rise within a 3-month pattern.Nasdaq (NDX) is simply extending the new Bullish Leg of the now almost 3-month (since April 19) Channel Up (blue) pattern. Supported by the 4H MA50 (blue trend-line), it should stay this way until the next Higher High, which we anticipate to be at 21300 at least. That will be almost a968% rise, which is the smallest Bullish leg registered on the May 23 Higher High. The other was +10.40%, so there is a high degree of symmetry among the Legs of this Channel Up. The 4H CCI on each Bullish Leg is also fairly symmetrical and it shows where we cyrrently might be relative to the previous sequences. Note also that the 4H MA200 (orange trend-line) has been unbroken since May 06 (more than 2 months), indicating that at the moment is the strongest medium-term Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Tesla's Stellar Performance Ignites S&P 500 The U.S. stock market reached a new milestone on Tuesday, July 2nd, 2024, with the S&P 500 closing above 5,500 for the very first time. This historic achievement was fueled by a powerful surge in Tesla's stock price, coupled with positive signals from the Federal Reserve regarding potential interest rate adjustments. Tesla, the electric vehicle (EV) leader, emerged as the star of the show. The company's stock price skyrocketed by over 10%, propelled by exceeding analyst expectations for their second-quarter deliveries. This impressive feat marked Tesla's second consecutive day of strong gains, solidifying investor confidence in the company's future prospects. The positive momentum surrounding Tesla not only propelled its own stock price but also had a ripple effect on the broader market, particularly the Nasdaq Composite. The tech-heavy index followed suit, closing at a record high itself, exceeding the 18,000 mark for the first time ever. Beyond Tesla's individual performance, another significant factor contributed to the market's bullish sentiment. Federal Reserve Chair Jerome Powell, in a much-anticipated speech, hinted at the possibility of future rate cuts. This dovish stance from the Fed was met with enthusiasm by investors, as lower interest rates are generally seen as a positive catalyst for stock prices. Chair Powell's comments suggested that the Fed is cautiously optimistic about progress made in combating inflation, potentially paving the way for a more accommodative monetary policy in the near future. The confluence of these events – Tesla's dominance, the Nasdaq's record highs, and the Fed's softening stance on inflation – created a perfect storm for the S&P 500 to breach the coveted 5,500 barrier. This milestone signifies a period of exceptional growth and resilience for the U.S. stock market. It's important to remember, however, that market triumphs are rarely linear. While the current outlook appears optimistic, there are always external forces that can influence market direction. Looking Ahead: Sustainable Growth or Market Correction? The question now on everyone's mind is whether this record-breaking rally can be sustained. Analysts hold varying perspectives. Some believe that the market's current momentum is a reflection of a robust and growing U.S. economy, with factors like strong corporate earnings and continued technological advancements fueling the rise. They argue that the S&P 500's ascent above 5,500 represents a new chapter in market history, and further growth is possible. However, others express caution. They point to potential risks, such as ongoing geopolitical tensions, potential supply chain disruptions, and the possibility that inflation might not be definitively tamed. These factors, they argue, could trigger a market correction in the future. Investor Takeaways: Navigating the Evolving Market Landscape Regardless of one's specific viewpoint, this historic event serves as a crucial reminder for investors. It underscores the importance of conducting thorough research, maintaining a diversified portfolio, and having a long-term investment strategy. Investors should also stay informed about economic developments and adjust their strategies accordingly. The S&P 500 breaching 5,500 is undoubtedly a significant milestone. It reflects a period of exceptional growth for the U.S. stock market, fueled by a combination of strong corporate performance, optimism about inflation, and potential adjustments in monetary policy. However, as with any market rally, there are always underlying risks to consider. By staying informed, maintaining a diversified portfolio, and adhering to a well-defined investment strategy, investors can navigate the evolving market landscape and potentially benefit from the current economic climate.
NASDAQ:TSLALong
by bryandowningqln
NASDAQ Nothing to stop this uptrend. Next stop 21300.Time to update our Nasdaq (NDX) thesis from 2 weeks ago (June 20, see chart below), where we called for a pull-back and then a buy on a 20700 Target: As you can see we got the short-term correction within the (dotted) Channel Up and the index resumed the long-term uptrend of the 8-month (blue) Channel Up. Supported by both the 4H MA200 (red trend-line) and the 1D MA50 (blue trend-line), we expect this uptrend to be extended in a similar way as the January 2024 post 4H MA200 correction rebound. That sequence completed a +25.78% from the October 2023 bottom, before pulling back near the 4H MA200 again. As a result, we upgrade our Target to 21300, closer to the top of the long-term Channel Up. See also how symmetrical the 1D MACD fractals are between the 2 sequences. We should now be expecting a Bullish Cross, to confirm this Leg's continuation. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
1
NASDAQ Literally nothing to stop this long-term rally.Earlier this month (June 07, see chart below), we explained why we were very bullish long-term on Nasdaq (NDX) using the 1W time-frame: The price rose from 19000 to 19750 since and there is literally no technical sign of stopping this tremendous rally yet. In fact, today we bring you another approach, this time on the 2M time-frame. As you can see, since November 2023, the index is past a Bullish Cross on the 2M LMACD. Since the 2008 Housing Crisis, we have witnessed this signal only 3 times. In fact, despite the presence of a relentless 14-year Channel Up, the most recent LMACD Bullish Cross resembles more the first one on November 2009. Even though the 2022 Inflation Crisis wasn't the same as the 2008 Housing Crisis, it is the strongest we saw since then. The chart clearly shows that 2-year Channel Up (blue)/ Bullish Legs have been the vessels of upward continuation within the 14-year Channel, while at the same time +135% rises have been quite common. As a result, before the current rally takes a breather, we can expect to see as high as even 24500 (+135% from the November 2022 bottom). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
NASDAQ Minor correction expected. Where to buy?Nasdaq (NDX) has almost reached the top (Higher Highs trend-line) of the Channel Up pattern that started on the October 26 2023 bottom. The last Higher Low was made on April 19 2024 and ever since, a strong Bullish Leg in the form of a Channel Up (dotted), took the index above both the 1D MA50 (blue trend-line) and 4H MA200 (red trend-line). Since the last Bullish Leg topped at around a +20.87% rise, we can assume that the price has entered a rejection zone. The only parameter left to confirm this, is for the 1D MACD to form a Bearish Cross. As you can see the two Bullish Legs are fairly similar so far in their price action. With the late December 2023 - early January 2024 pull-back bottoming on the 4H MA200 exactly, we are expecting a symmetrical pull-back to that level again, where we will be looking to add more buys and target 20700 (top of the 8-month Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
1