My NQ Long Idea 26/03/2025There is a big technical area that has taken the spotlight in NQ and it is around the 50% fib level with a gap opening.
US economy has seen some strengthening recently with the FED looking neutral-dovish. A price correction may not even occur here it can keep going up continuously the moment we have a conclusive risk-on environment.
Inflation has cooled down from 3.0 to 2.8 and interest rate was held at 4.50 from 4.50.
We are expecting a rate cut of 0.25 bps by Q2 so the market is looking forward to price that in.
I see a potential "buy the rumor" then "sell the news" scenario here. So during the next fomc meeting we may get a small sell off for a price correction then NQ will continue its up momentum.
Technical setup looks good I expect a turbulent price action which will fill the opening gap at the 50% a consolidation here can be healthy for price action before we get a Wyckoff spring.
We have recently exited a bearish channel and entered a new bullish channel which is still in progress but must pay attention to it as we could start trending in that direction.
I may take a short position (for the short term) since I anticipate a correction to the gap at the 50%.
Nasdaqstrategy
NASDAQ100Hello friends
Our ascending channel had a strong break and considering the negative news, how far do you think the decline will continue?
The support levels identified can help you trade, but we need to see where the price will go with the news that will be announced this week...
*Trade safely with us*
Possible push down for NAS100After A strong Bearish push, price action is filling the inefficiency left behind. Price is currently testing the structure lows previous support. The bearish move and retracement is the 78.6% PRZ
Wait for your lower time frame play to enter. This is an over all counter trend trade, however this could have a nice quick move down to retest the Daily previous structure high area of 21,843
Daily Chart has a Bearish Divergence that is playing out.
**Caution** on the macro bullish trend, this recent pull back retraced back to the 23.6 lvl with a wick while "retesting" the previous structure high on the H4 time frame....Enter with caution.
My NAS Long Scalp IdeaUS stocks and indices are very neutral recently. I however remain slightly bullish and found a small setup. This is pure price action bias but including the fundamental view we are in a neutral state as we are waiting for upcoming economic news. This week has been neutral due to the lack of news. We got a bunch of Trump speech but nothing more.
This idea is meant for short term It could completely reverse on me so do your own research and trade safely.
NASDAQ - Weekly forecast, Technical Analysis & Trading IdeasMidterm forecast: (Daily Time-frame)
20000.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
A trough is formed in daily chart at 20548.20 on 01/13/2025, so more gains to resistance(s) 21248.00, 21722.90, 22203.25 and more heights is expected.
Take Profits:
21248.00
21722.90
22203.25
22500.00
23000.00
23500.00
24000.00
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