NASDAQ Sideways but still off the top of the Channel DownNasdaq (NDX) has been trading sideways since May 30. The 1D MA50 (blue trend-line) is right above with the 1D MA100 (green trend-line) being roughly around the Lower Highs (top) trend-line of the Channel Down.
Based on our previous analysis 2 weeks ago, the index was on a W pattern aiming at the Resistance as part of the Lower Highs formation:
So far so good if you took that buy, you may start taking profit at will. The reason is that only a break above the 1D MA100 can justify further buying and that's only to the 1D MA200 (orange trend-line), which last time rejected the uptrend from March 29 to April 05. Until the Lower Highs break, the trend is bearish towards the 11500 Support. A confirmed sell if you are looking for a lower risk factor, would be when the MACD makes a Bearish Cross.
As for a long-term bullish reversal only a weekly candle closing above the 15300 March 29 High can sustain it.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
Nasdaqsignals
Did NASDAQ potentially hit bottom?!NDX just hit and bounced off a major support level.
Over the last 18 years, as shown in the chart, this support level has proven to be a historical pivot point for the Nasdaq index. As per the attached chart image, every time the index hit this support level (150 MA on weekly candles), it has bounced off the moving average, and reversed into either short term or long term bullish trend. You can watch our full video explaining this by clicking on the link below.
In addition the Stochastic indicator is telling us that the NDX is oversold and overstretched, and is due for a rebound rally at minimum, or potential change to a bullish momentum.
NASDAQ on a W pattern.Nasdaq (NDX) has been trading within a Channel Down since its All Time High in late November. The 1D RSI has turned sideways since April 26 and that resembles the flat period of February 01 - March 14. That was a W formation that rebounded and reached the overhead Resistance upon its completion.
We may form a similar W pattern again with the Resistance this time being around 13580, which is where the 1D MA50 (blue trend-line) currently is. A break below the recent Support though, would invalidate this pattern and most likely push Nasdaq to the 1W MA200 (red trend-line), which is the long-term Support and has been untouched since July 06 2010!
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
Nasdaq Analysis UpdateAs I analysed this morning price did come to 11687 area where it couldn't break and bounced back up going to 12132 area. Here price maybe be respected which can result in price being pushed back down to 11687 area which if broken can go down further. I think the next 4 hour candle will close above the centre line and the next 4 hour we may see price coming back down and closing below the centre trendline. Will see how this will play out
Nasdaq Analysis Hi Everyone,
Nasdaq is in a key area of resistance also the centre of the trend line if broken can reach 12874 area, also the top of the channel. However with the current market state I would expect price to push down again to previous lows of 11600 area and break through this to reach the next monthly support of 11000.
Key to remember, The moon is not the target, alway have a TP, break evens, take partials, so you don't let the market eat away everything.
NASDAQ At the Bottom or 1WMA waiting?he Nasdaq (NDX) index is very close to the Lower Lows trend-line of the Channel that started the correction in Dec. Technically, as long as the Lower Lows line holds, we may see either a +10% rebound or a 0.618 Fibonacci retracement level rebound and That basically gives us two Midterm targets 13400 and 14000 depending on your risk Management.
However, a 1D candle close below the Lower Lows, can be enough to extend this long-term selling towards the 1W MA200 . The last time this trend-line got hit was on Mar 23 2020 , which made the bottom of the COVID market crash.
NASDAQ Channel Down bottom but attention as the 1W MA200 awaitsThe Nasdaq (NDX) index is very close to the Lower Lows (bottom) trend-line of the Channel Down pattern that started the late December correction. Technically, as long as the Lower Lows line holds, we may see either a +10% rebound (as with the January 24 low) or a 0.618 Fibonacci retracement level rebound (as with the March 14 low). That gives us two medium-term targets (13400 and 14000 respectively) depending on your risk tolerance.
However, a 1D candle close below the Lower Lows, can be enough to extend this long-term selling towards the 1W MA200 (red trend-line). The last time this trend-line got hit (and offered Support) was on March 23 2020 (and that was on the futures), which made the bottom of the COVID market crash.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Nasdaq: Red remains the theme!Nasdaq
Intraday - We look to Sell at 12707 (stop at 12947)
Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 12700. Trading has been mixed and volatile. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 12042 and 11988
Resistance: 12700 / 13000 / 13500
Support: 12000 / 11800 / 11500
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NASDAQ It is now or never for tech.Nasdaq (NDX) has been trading within a Falling Wedge since its All Time Highs and contrary to the last analysis, it broke the 1W MA100 (red trend-line) and almost hit the bottom (Lower Lows trend-line) of the Falling Wedge.
As long as this holds, we can expect a rebound towards the Lower Highs trend-line (top) of the Wedge and more specifically the 0.618 Fibonacci retracement level, which formed the previous Lower High and is currently around 14300. Notice how potentially, it could meet with the 1D MA100 (green trend-line) there. The 1D RSI seems to be bouncing off the Pivot.
If on the other hand the Lower Lows trend-line breaks, the next Support level is the 12200 low of March 05 2021 but we doubt it will hold on panic selling and the hidden targets will be the -0.236 and -0.382 Fib extension at around 12115 and 11745 respectively.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
Nas100 New Entries + Exits (Best Reverse + Momentum Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
NASDAQ (NAS100)The NASDAQ 100 index has been trading in downward trajectory since November 2021 which continues to be in progress. The selling pressure has built up over the past few days and the current short-term down swing retraced close to its support of 12,942 which is a key level to monitor. The prospects of 50 basis points interest rate hikes at the May, June and potentially July FOMC meetings set a risk-off market mood. Last week’s hawkish Fed comments sent U.S. Treasuries and the U.S. Dollar higher and triggered a broad-based sell-off in equity markets amid brewing reporting season. While initial support around the previous low of 12,942 could hold, short-term traders should monitor minor support of 13,432 as a break below it will signal an extension of the decline to 13,300. On the other hand, a break above minor resistance of 13,582 would indicate a likely rally to 13,700. The economic calendar for the US would feature March’s Durable Goods Orders, the US Gross Domestic Product for the Q1, and the Core Personal Consumption Expenditure (PCE) for March, alongside the Chicago PMI.
NASDAQ Approaching the 1W MA100 Support. Buy Signal.Nasdaq (NDX) saw a strong 1D candle rejection on the 1D MA50 (blue trend-line) yesterday following Jerome Powell's comments on a potential May hike of 50 basis points. Technically this has been the 6th rejection on the 1D MA50 in the past 7 trading days and naturally it created a Lower Low on the medium-term.
This time the long-term trend-line are coming to center stage again as the 1W MA50 (red trend-line) is right below at 13431 and rising. During the recent "war correction" this level provided Support on Feb 24, March 08, 14 and 15. With the 1D RSI still on Higher Lows, and the Ichimoku well into the green zone, I expect the 1W MA100 to hold and target on the short-term the 1D MA50 and on the medium-term the 1D MA100 (green trend-line). As you see, the 1D MA100 along with the 1D MA200 (orange trend-line), rejected the price on April 05, the last Lower High of the Falling Wedge pattern, which is the dominant pattern since the All Time High of November. Basically the 1D MA100 is moving parallel to the Lower Highs of the Falling Wedge.
We can only expect further rise on the long-term, if the price breaks above the 1D MA200 and the 0.618 Fibonacci retracement level.
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
Nasdaq100 What Now Episode 11Who’s In The Nasdaq And What Are They Doing?
Hey traders, so last week was really “Bearish with lot of annoying ranges”.. The major structure though, bearish. That didn’t stop the bulls from just messing around with “#ME!”. Pretty annoying.. Haha. Anyway, the plan was bearish until there was a reason to buy—that’s what I did. Although, Tuesday changed that plan.
Before I dive into that, These were my exact words for last week—“.. since all levels are pointing downwards, even the relative strength index are all below 50%, I'll be taking more of sells till there's a change in the trend. If the Nasdaq100 gives us a higher-low instead of lower-low, then BUYS!!!..”
The Nasdaq100 never gave is that Higher-low. Instead, the lady just kept falling like she fell off the Dubai’s Burj Khalifa’s Balcony. Rubbish!!! 😂😩
Anyway, back to Tuesday. The CPI (consumer’s price index). Dude! (In peter parker’s voice) This CPI ain’t a joke though. You know how I said the Bears came in—but the bulls didn’t stop fooling around. It’s this guy’s fault. The Bulls went wild after the “negative 0.3%” release of the Consumer’s Price Index. I started wondering, what is this? Negative news with a positive reaction. Little did I know that it was all a re-group. In less than minutes—The bears 🐻 got their Mojo back. “Mutha-heffas”.This fight went on for a while though. On Wednesday came the PPI although 1.4% positive, the bears didn’t stop fighting their way back. Wouldn’t blame them after that negative 9.382 million Crude Oil Inventories release news. Guess what! Mixed.
That was the reaction of that one—we started going side-ways man. Then came Thursday’s News release: Retail sales with negative 0.5%, Core retail sales with positive 1.1%, and Finally, Initial Jobless claims with negative 185 thousand.. Hmm—that Jobless rate though. Gave the bears more strength in getting back. These guys took the market real low back to the 38% (13894) daily fib and even went past it. It seemed like the bulls finally got their strength but sorry they got attacked almost immediately.
This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one---my best bet is downwards. honestly, the weekly looks more confused as ever. There's a possibility that we might get a higher-low but until that's established, I'll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? The relative strength index is actually below 50% n all these time-frames and the fibs below the 50%. Till then, I'll be looking at that 13583 daily fib level. Now, the news..
Nasdaq100 High Impact News For 18th-22th Of April, 2022
On Monday 18th of April, 2022. There will be no high impact news for this guy. However, Tuesday the 19th, by 13:30 GMT---We've got "The Building Permits". The Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Wednesday, 20th April,2022. By 15:00 GMT, The gist is Existing Home sales. A brief: Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Still Wednesday and the crude oil inventories holds by 15:30 GMT. A Brief: The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Further-more, Thursday the 21st of April, 2022. Around 13:30 GMT, My all time favorite (only because it's frequent) will take place. Here's a brief incase you forgot---Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Same day; same time is the Philadelphia Federal Reserve. The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Finally, same day but by 16:00 and 18:00 respectively. We'll be having a back-to-back FED meeting. Here's a brief---Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar's value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy.
Do you like my idea? If yes, do me a huge favor and smash the like button, comment, and be sure to follow me to know when I post.
Cheers,
lazyluchi
NASDAQ Inverse Head and Shoulders reboundI have been following this Falling Wedge pattern on Nasdaq (NDX) on the 1D time-frame for a month. My most recent post on this was the following:
As the price almost reached the 0.236 Fibonacci retracement level, which is a symmetrical Support, it is time to update my outlook on the index. The 1D RSI made a bounce on its Higher Lows trend-line since January 25 and in doing so, a new pattern has emerged, an Inverse Head and Shoulders (IH&S). It appears that we are currently on the Right Shoulder, which should push for a rebound.
As mentioned before, the natural barrier is the Lower Highs trend-line of the December 28 2021 High and then the technical Resistance of the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level within 15,250 - 15,280. A break above, restores the long-term trend on Nasdaq, and should target the 0.786 Fib (15,870) and then the 16,670 High. A break below the 0.236 Fib, should make one more leg downwards to re-test the 1W MA100 (red trend-line).
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
NAS100 bullish forecast but first look out for this!Hello traders,
Happy to be back here after a short break. Let's start of with Nas100 as usual.
Technically, we have seen significant developments the past couple of weeks. With U.S. stocks rising tremendously the past weeks due to the Federal Reserve approving to hike interest rate for the first time in more than three years since December 2018. Recently we saw downward slight correction in giant stocks that also sent Nas100 down from its recent high of 15270.00, correcting with at least -7.50% as of time of writing.
At this very moment, we are not fully certain if the downward move will still continue and where it will end.
Meanwhile, I have spotted some signs of price reversal at around 14000.00-14200.00.
First: Looking at Daily or 4 hour time-frames I spotted a triple bottom, obviously a market structure that sponsored the move to the upside on 15 March 2022, fueled by FED interest rate hike. The market currently trading in the vicinity of the previous broken high that we can consider as our neckline. If this means a retest of the neckline we could see price reacting at this level and market resume its bullish move.
Second, on lower time-frame. I have spotted a broadening Descending Wedge, a classic pattern considered as a reversal sign. If all these play out accordingly, we could see price reversing up to resume the upward momentum that will eventually even take price higher. For proper buy entries, it is best to wait for the broadening descending wedge broken to the top to confirm buyers strength.
30 Minutes timeframe: Broadening Descending Wedge
We should still carefully consider how the market will respond during the New York session opening today. We can expect fake moves to the downside or we can expect a strong impulse to the downside if sellers continue to press harder. If bears do press harder and break the 14000 psychological level and defend it, then our next support will be 13840.00 and 12950.
Traders, if you find this idea helpful please do show your support with likes. If you have any suggestion please do share it in the comment section below.
Trade smart❤️
NASDAQ going according to last week's plan. Eyes on 1D MA50/100.Nasdaq (NDX)has is following exactly last week's suggested trading plan so far, as it pulled-back from the 1D MA200 (orange trend-line) and today reached the 1D MA50 (blue trend-line):
This pull-back took place primarily because the index failed to break above the Lower Highs trend-line of the December 28 High and got rejected two times. So far, as I displayed with the green Triangle, this is a neutral zone. Some scalping value can be found within. However the medium-term trend is about to be revealed:
* A break below the 1D MA50 (needs a 1D candle closing below), which is also the 0.382 Fibonacci retracement level, opens the way for more selling towards Fib 0.236 (13815) and the 1W MA100 (red trend-line), which supported twice before on February 24 and March 15.
* A break above the Lower Highs or better yet the 1D MA200, which is also the 0.618 Fibonacci retracement level, restores the bullish trend aiming at Fib 0.786 (15870) and the 16670 High. The 1D RSI so far favors the bullish scenario.
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------