NASDAQ: Short term Channel Up on critical Resistance.Nasdaq is neutral on its 1D technical outlook (RSI = 49.418, MACD = -276.610, ADX = 37.535) as it has recovered from the oversold state of 2 weeks ago. By doing so, it has formed a Channel Up on the 1H timeframe but as the price hit its top and the 1H RSI has formed a bearish divergence like the previous HH, it is possible to see a quick pullback. As long as the price stays inside the Channel Up, target the 1H MA200 (TP = 19,900). If it crosses above the top of the Channel Up, buy and target the R1 level (TP = 20,650).
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NASDAQ: 4H MA50 broke. Time for a full recovery.Nasdaq is still bearish on its 1D technical outlook (RSI = 39.669, MACD = -426.120, ADX = 56.837) but crossed above its 4H MA50. The last time a bearish wave of this Channel Down crossed above the 4H MA50 was on August 9th 2024. It was achieved again after an oversold 1D RSI bounce and initially hit the 0.786 Fibonacci level and then peaked on the 1.382 Fib extension. The trade is long, TP1 = 21,500 and TP2 = 23,400.
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NASDAQ: Oversold at the bottom of 8month Channel Up.Nasdaq is oversold on its 1D technical outlook (RSI = 26.693, MACD = -501.840, ADX = 53.670), which is the most oversold 1D RSI reading since August 15th 2015. In the meantime, it touched the HL bottom of the 8month Channel Up, a bearish wave that looks much like July 2025. The bullish wave that followed topped on the 1.382 Fibonacci extension. If candle closings are contained inside the Channel Up, we expect it to attract a lot of new buyers and initiate the new bullish wave to at least the same Fib. Long trade, TP = 23,400. A closing under the Channel Up, should test though the 1W MA100 (TP = 18,000).
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NASDAQ: 4H Death Cross always signals a rally.Nasdaq in bearish on its 1D technical outlook (RSI = 38.073, MACD = -289.260, ADX = 41.209) as the mid February bearish wave hit the bottom of the September Channel Up. The formation of a Death Cross on the 4H timeframe has favored buying inside this pattern. In the meantime, the 4H RSI has been rising while the price was correcting, indicating the presence of a Bullish Divergence. Buy and aim for another +16% rise (TP = 23,200).
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NASDAQ: Broke into the 2 year Support Zone.Nasdaq has turned bearish on its 1D technical outlook (RSI = 41/199, MACD = -42.030, ADX = 30.270) as the correction that started last Thursday hit the 1D MA100. The region between the 1D MA100 and 1D MA200 is the index's 2year Support Zone and has been a buy opportunity since February 2023. With the 1D RSI also on 6month lows, the current level is low enough to be a HL on the long term Channel Up, after which rallies to the 3.5 Fibonacci extension have started. Go long, TP = 24,000.
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NASDAQ: Opening selloff is a buy opportunity.Nasdaq remains bullish on its 1D technical outlook (RSI = 60.351, MACD = 161.240, ADX = 29.408) despite today's selling early into the session. This indicates that relative to the bullish long term trend, this correction is a buy opportunity, especially as the index hit its 4H MA50. This happens to be at the bottom of the 20day Channel Up, a pattern potentially identical to the December 10th low of the Channel Up. We are long, expecting a new +3.80% rise (TP = 22,700).
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NASDAQ: Ready to break out of consolidation and aim for 24,600Nasdaq is neutral on its 1D technical outlook (RSI = 54.119, MACD = 45.480, ADX = 25.617) as it is trading sideways for the last 2 months. The 2 year Channel Up is intact and such consolidation patterns have broken out aggressively in the past to the new HH. As long as the 1W MA50 is supporting, the long term bullish trend will stay intact and we can aim for a total of +43% price increase (TP = 24,600) from the last HL, a -4% drop rate from the last one.
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NASDAQ: Perfect neutral setup for scalp buy.Nasdaq is neutral on its 1D technical outlook (RSI = 52.467, MACD = 38.030, ADX = 17.154) since the index has been consolidating for the past 6 weeks. This offers great opportunities to buy low and sell high. At the moment the 1H RSI oversold bounce indicates that we has started a similar Channel Up so Jan 13th and Jan 27th. The symmetric RSI level suggests that this is where the index pulls back to retest the 1H MA50 and then rebounds for a new HH. On the medium term we are limited by the R1 Zone, so aim for its bottom (TP = 21,845).
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NASDAQ: Now targets 24,000 by Q2Nasdaq has recovered yesterday's crash and turned neutral again on its 1D technical outlook (RSI = 51.692, MACD = 88.960, ADX = 31.397). The current rebound is taking place on the 1D MA50 and is a double bottom on the P1 level, which was previously a Resistance coming from the July 11th 2024 High. The same P1 level was seen supporting a year ago the January 5th 2024 Low. This hold ended in a rally to the 1.5 Fibonacci extension. With even their RSI Channel Down patterns being identical, we expect a new bullish wave to start now, aiming the 1.5 Fib once again (TP = 24,000).
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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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Intraday Levels for Nasdaq 100 Futures - 01/22/2025This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
NASDAQ: 4H MA200 held, Channel Up targeting 21,850.Nasdaq has just turned bullish on its 1D technical outlook (RSI = 56.079, MACD = 48.410, ADX = 18.587), which is a strong buy signal after two days of consolidation, considering that the short term pattern is a Channel Up. Assuming that consolidation was its latest correction that had to test the 4H MA200 as support, we now expect the pattern to resume the uptrend and target the R2 level (TP = 21,860).
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NASDAQ: First 4H Death Cross since September is a Buy Signal!Nasdaq is bearish on its 1D technical outlook (RSI = 39.062, MACD = -70.200, ADX = 29.762) as it is on a downtrend since December 16th, almost 1 month. Technically this downtrend is the bearish wave of the medium term Channel Up. Last Wednesday the index formed its first 4H Death Cross since September 10th 2024 and interestingly enough, instead of bullish, it was a buy signal then. As the current bearish wave is now almost at the bottom of the Channel Up, this is technically a HL, thus the most efficient buy entry on the short term. The September bullish wave peaked on the 1.236 Fibonacci extension before a pullback under the 4H MA50 again, so we now turn bullish on Nasdaq, aiming again for the 1.236 Fib (TP = 22,500).
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NASDAQ: The buy zone is under the 1D MA50.Nasdaq is neutral on its 1D technical outlook (RSI = 47.510, MACD = 54.540, ADX = 27.946) as it got rejected yesterday back to its 1D MA50. This trendline is holding since September 12th and during this 4 month period is sustained a very steady uptrend. This is so far the bullish sequence with the slowest pace inside the 2 year Channel Up. This lack of strength along with the fact that the 1D RSI formed a pattern that during these 2 years was followed by a dip under the 1D MA50, suggests that it might be best waiting for the price to hit the 1D MA100 before placing a long term buy again. Once this condition is met, we will go long and aim for the 2.0 Fibonacci extension (TP = 24,350), which was always hit when a Channel Top was priced.
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NASDAQ: Technical pullback presenting a buy opportunityNasdaq got oversold on 1H due to the strong selling on opening but remains neutral on its 1D technical outlook (RSI = 51.372, MACD = 205.380, ADX = 49.545) as it is still over the 1D MA50. More specifically, it was the rebound on the latter last Friday (Dec 20th) that has initiated the current bullish wave. This is the 5th bullish wave inside the 5 month Channel Up and as long as the 1D MA50 continues to support, we are expecting a new High. As with the prior Highs, we are targeting the 2.382 Fibonacci extension (TP = 22,550).
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NASDAQ: Bullish until March 2025.Nasdaq is overbought on the 1D timeframe (RSI = 72.532, MACD = 396.420, ADX = 56.355) and is about to do the same on the 1W as well (RSI = 69.424). This is because the Bull Cycle is on full extent. However, in anticipation of Q1 2025, we are entering the final phase of the Cycle. This is a Top sequence that we've seen three time before in the last 10 years. The early signal for this is when the 3W RSI forms overbought (RSI > 70.000) LH. Each time that happened, the index had a sharp drop to at least the 3W MA50. TP = 19,000 could be an early target.
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