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NDQ100

Nasdaq - We still have to be careful!TVC:NDQ is still retesting resistance after we just saw an expected rally of +75%. More than a decade ago, the Nasdaq entered one of the most profitable and easy to trade patterns: a rising channel formation. In the beginning of 2023 the Nasdaq once again retested the lower support trendline in confluence with a retest of horizontal support and continued its bullrun from there. But currently resistance is ahead so we have to be quite careful and properly monitor price action on the smaller timeframes. Levels to watch: $19.000, $16.000 Keep your long term vision, Philip - BasicTrading
TVC:NDQShort
by basictradingtv
2
NDQ100 (Nasdaq) Price Breakdown Pre-CPI Today's focus: Nasdaq Pattern – Range Support – 17,832 Resistance – 18,355 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the Nasdaq daily. Price remains range-bound. Do traders feel today's CPI will be bearish or bullish? Yesterday, buyers showed some strength, stopping a bear move and reversing losses. Could good news on the CPI and minutes front maintain buyer control? We have run over the primary levels and are currently holding the price. Depending on what we see from the CPI, could we see a new break that is lower or higher? Traders also have to be aware of false breakouts. Good trading.
NLong
by Eightcap
NDQ100: Thoughts and analysisToday's focus: NDX100 Nasdaq Pattern – Higher lower support point (LH Inc) Support – 15,320 - 14,690 Resistance – 15,520 – 15,822 Thanks for checking out today's update. Today, we have run over the NDX100 on the daily chart. We have started with the overall picture and worked our way into the current short-term perspective with things we are watching and levels we view as important. Over the subsequent few sessions, we feel that 15,520 support is key for buyers, and we would like to see them not only hold that area but form a rally that can retest 15,320 resistance. A break could get the short-term trend back up and running, but a good close below that support level could suggest the up trend could be in danger, and we may even see a new move back down to test 14,690 if sellers can really get going. Have a great day and good trading.
N
by Eightcap