NASDAQ The index is well supported to hit 25k by mid 2025.Last week (September 09, see chart below), we gave a strong buy signal on Nasdaq (NDX) right as the price was testing the 1D MA200, a strong Support on its 2-year Channel Up:
The index duly delivered and we've completed 5 straight green days already. Not only that but the 1D candle closing above the 1D MA50, practically confirmed the bullish extension into this week.
The current week however isn't just a typical one, as we anticipate the Fed Rate Decision on Wednesday and even though the expectations are fixed on at least a 0.25% cut, the volatility is expected to be high.
As a result, to filter out this short-term noise, we will resort today to the wider 1W time-frame, which helps keeping a more accurate long-term perspective. In fact it was the same chart we published 6 months ago (March 18, see chart below), which very accurately laid out the Support that you needed to calmly buy on the long-term, which as you can see, it has been a recurring signal since 2010:
Every time the price broke above a Resistance, it was the ultimate buy entry if re-tested later as a Support. That happened in mid April and that's what happened last week as well.
In fact, the index made a strong rejection on the 1.5 Channel Fibonacci level and then tested and held the 1W MA50, confirming the emergence of a Channel Up (orange) similar to June 2020 - November 2021. The 1W RSI similarities between the two fractals are also further evidence of this.
As a result, we expect Nasdaq to reach as high as 25000 by mid 2025 (a little lower than our previous 6-month estimate but still good enough to be an excellent buy opportunity even now).
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Nasdaqsignals
Nasdaq Thoughts 16-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100 1:6RR trade ideaIn the recent rate cuts and CPI news, the stocks have gained impulsively(Technology sector up +6%). The overall trend is still bearish as we expect to see a 7-10% correction in the stock market in September. Currently NAS100 has reached our level of interest(19450), which has been a strong support/resistance level in the past. Here we look for shorts targeting 19250 and 19100. Should we break 19450, we look for buys up to 20k. Will update next week.
As always, trade safe and expect the unexpected.
Fractals Trading Community,
Mei
NASDAQ Is an August Low re-test inevitable?Nasdaq (NDX) got heavily rejected last week on the 1D MA50 (blue trend-line) and almost reached on Friday its 1D MA200 (orange trend-line). That was the level that was brutally breached on the August 05 Low, which only found Support on the 1W MA50 (red trend-line) and rebounded.
Technically those last two MA trend-lines are the long-term Buy Zone of the 2-year Channel Up that started after the October 13 2022 market bottom of the Inflation Crisis. Based on the last two major Higher Lows of that pattern though, it is possible for the index to re-test that August Low as it happened both on December 28 2022 (re-test of the October 13 2022 Low) and September 27 2023 (re-test of the August 13 2023 Low). The latter in fact dived on a 3rd wave a little lower to test the 1D MA200, but this time, this condition has already been met (1D MA200 already tested).
This Low re-test tendency is also evident on the 1D RSI fractals among the Higher Lows sequences. If that scenario is materialized, it would give us both a big bullish and a big bearish development. From the bullish side, a 17300 re-test would form an exact Higher Low at the bottom of the 2-year Channel Up, which is positive as it will fulfil a strong bullish condition to move forward. On the bearish side though, that would mean a breach of the 1W MA50, which technically would be very negative, unless the 1W candle that will break it, manages to close the week above it on a strong bounce.
Until then, lets initially see if the 1D MA200 holds (currently early in the day/ week it does) as if the price reverses here, we can technically have a bottom similar to October 26 2023. In any case, Nasdaq is just above the 1st long-term Buy Zone currently.
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Nasdaq Thoughts 09-09-2024Happy New Week all, Kindly see my Nasdaq thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq already in a Bear Market Hello everyone,
We are currently in a topping process and chances are July 10, 2024 was the top for the Nasdaq (NDX). I believe that we will fill the gap before entering the bear market. A confirmation of a lower high on NDX and a higher high on SPX would show a clear divergence confirming a market top. It's clear that the Russell (IWM) is not making new highs and showing a clear divergence from SPX and NDX making new highs suggesting this is the top. NDX may have already entered a bear market and will not be making new highs and this is simply an ABC corrective wave up before making new lows.
TLDR: NDX ABC CORRECTIVE WAVE UP BEFORE NEW LOWS; NDX WILL MAKE LOWER HIGHS AND SPX NEW HIGHS WILL CONFIRM THIS A MARKET TOP
NASDAQ won't correct again in 2024It has been almost 1 year (October 24 2023, see chart below) when we called for a mega buy opportunity on Nasdaq's (NDX) last bottom:
As you can see, the index started an insane rally sequence right on that weekly candle and didn't correct again that much before the recent July - August 2024 pull-back.
The gains from that bottom buy signal have been almost +50% and as the 1W MA50 (blue trend-line) was tested on the early August Low and held, we expect Nasdaq to resume and maintain the steady bullish trend for the rest of the year.
The next Target before it gives a medium-term correction again in our opinion is 22500, which is exactly on the 1.618 Fibonacci extension from the October 2022 market bottom.
The reason we project this target is because, as you can see on our October 2023 analysis above, we find remarkable similarities between the 2022 Inflation Crisis correction and the 2008 Housing Crisis.
This is what helped us give the mega buy signal in October, because the price formed a 1W MA50/MA100 Bullish Cross, the first since February 2010 and the correction was contained above the 0.618 Fibonacci retracement level. So with the 1.236 Fib already achieved during the current (blue) Channel Up (see how both recovery sequences take place within Channel Up patterns), the next in line is the 1.618 Fib at 22500.
According to all the above, the next time that Nasdaq could correct might be early in 2025.
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NAS100 - Set up and waiting for confirmationTeam, I am setting up the long position, howver I still waiting for the confirmation.
The current market price is 18814, I would prefer if it reached above 18836-42 to confirm my long position.
If the market break though the support line 18784 then we call it off.
If the price however consolidate and move toward the above price 18836-42, then I will enter my long position, with stop loss at 18772
Target 1 - 18964.70
Tareget 2 - 19196.50
NASDAQ / US100 /US Tech Money Heist Plan on Bullish SideMy Dear Robbers / Money Makers & Newbies,
This is our master plan to Heist US100 / NAS100 / US Tech Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
NASDAQ thoughts - 24-Aug-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Bullish momentum to extend?NAS100 is reacting off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit.
Entry: 19,386.01
Why we like it:
There is a pullback support level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 18,915.67
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
Take profit: 20,000.92
Why we like it:
There is a pullback resistance level.
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Nasdaq thoughts 27-AUG-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price action trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
NASDAQ Normal volatility. Bullish trend intact.Nasdaq (NDX) gave as the ultimate bottom signal on our buy call 2 weeks ago (see chart below) and staged a massive recovery from July's correction:
Right now it tested and held the 1D MA50 (blue trend-line) as a Support, establishing the new demand zone. During the previous Bullish Legs of the nearly 2-year Channel Up, when the price action remained above the 1D MA50, Nasdaq extended to a new Higher High on that pattern.
We may face some minor volatility for max a week, as the index encountered during the first to Bullish Legs but we should soon test the Inner Higher Highs trend-line, which most likely will see us reach our first Target of 20900.
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nasdaq push uptoday we se the market recovering from yesterday drop.
we are currently at the high of the sesion. wich means that there is a possiblity of a drop.
i have marked previous OHLC daily levels. that i think might work as a support for a trade to the upside.
taregt its marked in green.
we are going to trade these levels in 15 min chart. if we see a green candle rejecting one of these levels we take the trade. no green candle no trade.
have fun
ELEKTRA
US100 + S&P 500 WEEKLY MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at NAS 100 & S&P500 from HTF - MULTI TIME-FRAME ANALYSIS
NAS100 WEEKLY TF
* 2 WEEKS bullish run delivering from the +OB On the NAS100 & S&P500 from the weekly.
* We are opening bullish on the weekly signalling strong signs of cont.
* But with (PO3) possible breather on the index's to see some reversal.
* with a -FVG & -OB looking for a small reversal but momentum strength brings doubts or some skeptism.
* Because The weekly & daily TF show we are still trading in BULLISH conditions on the NAS100 & S&P500.
NAS100 & S&P500 DAILY TF
* It becomes interesting on the Daily as we see an SMT on NAS & the S&P.
* S&P 500 is mitigating the POI -FVG.
* As NAS100 Is just shy of this PD ARRAY.
* Opening bullish i am looking for some rejection to confirm this SMT.
*WITH (PO3) RULES
Either than that as we drop to the 4H
* still bullish on NAS100 Trend cont. favoured until otherwise price shows some significant bearish move.
SENTIMENTS THE SAME ON THE S&P500
* Looking for reversal patens other wise continuation of the move.
1H TF
* Sentiment remains, remain bullish unless otherwise.
* Probably be looking for short OPPORTUNITIES otherwise .
* We will see what does the market dish.
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HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!