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NASDAQ 100 CFD

SQQQ's Steep Drop From Yellow Sell ZoneIn my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below the green support level over the next few months, these are my updated price targets on the way down.
NASDAQ:SQQQShort
by realchartchamp
$SPX almost like clockwork to 2022TVC:NDQ has traded back above the NECKLINE (from Head & Shoulders Break down) - Amazing!!! DJ:DJI has not traded above and neither has the $SPX. In this chart we see the SP:SPX illustrating the resemblance to 2022. We've been showing this chart for some time now. It's amazing how similar they are trading. AMEX:TYD is running today (leveraged bonds ETF) likely an anticipated demand for "safety" causing #yields to fall. SGX:SQQ NASDAQ:TQQQ NASDAQ:SQQQ AMEX:DIA AMEX:UDOW AMEX:SDOW AMEX:SPY AMEX:SPXL AMEX:SPXS
SP:SPX
by ROYAL_OAK_INC
NASDAQ: Will it reverse to Bull or downtrend will make a new LowNasdaq is on two conflicting patterns on the short and long term. The Bullish Megaphone that drove it out of the Bear Cycle after the late 2022 Triple Bottom is still holding and closed last week with an emphatic rebound but at the same time so is the short term Falling Wedge that started the correction on the July 19th High. This conflict and medium term balance is why the 1D technical outlook is neutral (RSI = 48.115, MACD = -63.170, ADX = 38.959). The 1D RSI may have held August's Support and we could have a Triple Bottom since June, not much different than the late 2022, but it is the 1D MA100 that will make all the difference. A two 1D candle close over it, will amplify the probabilities for a break of the Falling Wedge and long term bullish reversal, in which case we will target the 1.382 Fibonacci extension (TP = 16,050). If we don't see such 1D MA100 closing pattern, we will stay bearish, gradually aiming for the 1D MA200 (TP = 14,350). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
10
Weekly Plan NQ Futures Week Of 10-910/09 Weekly Plan. NQ Futures December NQZ2023. Weekly Pivot is 14,988 [13D balance HB zone Targets 15,151 9/20 gap top + 10/6 spike top 15,361 9/18-9/22 weekly vpoc 15,514 prior 5D balance half back Targets 14,816 250% extension of 5D balance break down 14,628 13D balance zone low 14,526 6/8 gap bottom Now trading at 15,020 NQZ Alerts: You will receive alerts in this channel every time NQ hits (2M candle close): Weekly opening 15,040. Weekly pivot at 14,988. Each weekly target. Side notes: Current 13 days balance zone is H15,436 / HB15,011 / L14,586 When trading off weekly levels, each level will act as support and resistance, “no trade zones” do not apply to weekly plan. NQ Weekly Plan Video >>>> @everyone
CME_MINI:NQ1!
by dhjesus
WTI Crude Oil All Time Chart. Does History Repeat Itself..?!I'm writing this article, because of the striking resemblance with Today's oil and the one that has been a lot of times before.. I believe that history repeats itself, and there are lessons to be learned. And since this boom and bust cycle are not new, it might also provide some understanding on where we are heading. I hope you enjoy. The time of dinosaurs In the 1850s the whale fisheries had failed to keep pace with the mounting need for illuminating oil, forcing the price of whale oil higher and making illumination costly for ordinary Americans. Only the affluent could afford to light their parlors every evening. There were many other lighting options such as lard oil among others but no cheap illuminant that burned in a bright, clean, safe manner. George Bissell, considered as the father of the American oil industry, had the intuition that oil that was plentiful in western Pennsylvania could be a first rate illuminant. The slimy liquid was so ubiquitous that it tainted well water and plagued local contractors drilling for salt. In 1855, Professor Benjamin Silliman from Yale produced a report that vindicated Bissell's hunch that oil could be distilled to produce a fine illuminant (like kerosene), plus a host of other useful products. As a result, Bissel and his company, Seneca Oil Company (formerly the Pennsylvania Rock Oil Company) needed to dispatch someone to Pennsylvania to look for large pools of oil. First oil drilled in America That man was Colonel Edwin Drake, known as the first to successfully drill for oil. Drake arrived in Titusville, Oil Creek Valley. Oil was known to exist here, but there was no practical way to extract it. Its main use at that time had been as a medicine for both animals and humans. Natives used it for war paint and for soothing skin liniment. It took a couple years but Drake struck oil in 1859. This was the beginning of a pandemonium. Bands of fortune seekers and speculators streamed into Titusville and other oil-related businesses quickly exploded on the scene. I guess we can call this the Klondike of oil, as a beginning of Global Industrialization Era. Mr. Rockefeller was known as the co-founder of the Standard Oil Company and was the world's richest person. Crude oil jumped multi X times in 1860s from approximately 50cents per barrel in early 1860s to over 3 dollars in late 1860s. Additionally, I would like to note that crude oil fluctuated between $10 and 10¢ a barrel in 1860! Adjusted for inflation, Mr. Rockefeller fortune upon his death in 1937 stood at $336 billion according to Fortune (in 2008 U.S. dollars). Similar how crypto enthusiasts built their wealth in 2010s, right? 😉 Pump and Dump By the late 1860s, there was a slump in the oil industry, keeping it depressed for the next five years. Low kerosene prices, a boon to consumers, were catastrophic for refiners, who saw the profit margin between crude and refined oil prices shrink to a vanishing point. Worse, the oil market wasn't correcting itself according to the self-regulating mechanism described by neoclassical economists. Producers and refiners didn't shut down operations in the expected numbers. John D. Rockefeller said "So many wells were flowing that the price of oil kept falling, yet they went right on drilling." Rockefeller tirelessly mocked those "academic enthusiasts" and "sentimentalists" who expected business to conform to their tidy competitive models. One Hundred Years of Resistance for $4 According to the standard model of competition, as oil prices fell below production costs, refiners and producers should have shutdown. But the oil market didn't correct itself in this manner because refiners and producers carried heavy bank debt and other fixed costs and by operating at a loss they could still service some debt. Each refiner, pursuing his own self-interest, generated collective misery. Does it sound like today's crypto news, right? 😉 The U.S. drilling activity didn't slow down after hot 1860s as much as expected and a lot of producers are still pumping oil to avoid defaulting on their loans.. There was World War I in 1914-18, and total number of military and civilian casualties was around 40 million - around 20 million deaths and 21 million wounded. 😓 There was World War II in 1939-45, and total number of military and civilian casualties estimated around 50 - 56 million.. 😓 Crude oil prices jumped again, and again. But still remained below $4 until 1970s, as there were no all time peaks in crude oil after super hot 1860s. Money-printing Era Breaks the Rules The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system, that has been resulted with huge inflation all over the world within further decades.. Technical pictures at the main WTI crude oil chart illustrates, oil price are on the sustainable path since then, with huge bullish accelerations within local and global conflicts, like Arab-Israeli War in 1973, 9/11 attacks in 2001 and Russia-Ukraine conflict in 2022. Nowadays Knee-jerk surge’ happens again, and again, so oil experts repeatedly predict market impact of new 2023 Israel-Hamas conflict. Crude oil price sees a spike on early Monday trading Oct 9, 2023 so the overall impact of the attack on Israel by Palestinian militants Hamas has yet to consider... In a conclusion.. Does history repeat itself.. Certainly "Yes". As lessons of history still remain unlearned.
TVC:USOIL
by Pandorra
RUT/NDX ratio tells you to keep investing in tech!Something a little different today. Was looking a some stock ratios and decided to regress the standard Russell 2000 against the risky technology index, the Nasdaq. This RUT/NDX ratio has been inside a Channel Down since the Dotcom Bubble send it sky high, collapsing the tech sector. The Channel Down has never been broken since and made a new Low this month. What does this tell you? Keep investing in tech! Follow us, like the idea and leave a comment below!!
TVC:RUTShort
by TheCryptagon
3
NASDAQ Wait for the right sell entry at the top of the Wedge.Nasdaq is rising after the price found Support at the bottom of the Falling Wedge. It is approaching the MA200 (4h) but the technical Resistance is inside the 0.618 Fibonacci level and the Falling Resistance. Trading Plan: 1. Sell at 15170 (Fibonacci 0.618). Targets: 1. 14900 (pull back to the MA50 4h). Tips: 1. Only a crossing over Resistance (1) can restore the bullish trend. Until then the index may even turn sideways inside a Rectangle for a while. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Short
by TradingBrokersView
8
Nasdaq Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
FX:NAS100Long
by ShahedZare
NASDAQ Reality will soon hit those who bet against the market.Nasdaq (NDX) has been on a 3-month correction since its July High. No need to mention that this High almost touched its All Time High (ATH), almost recovering in less than 1 year the value lost in the Bear Cycle. ** 2010 Higher Lows and Megaphone ** The Higher Lows (dashed) trendline that has been in place since 2010 after the recovery from the 2008 - 2009 Housing Crisis started, held during the 2022 Inflation Bear Market and gave way to a Channel Up. We can claim that since mid-2018 the market entered into a Bullish Megaphone pattern and such Channel Up formations have been the common vessels to a Higher High. ** Uncertainty/ Doubt / Disbelief ** Similarly common have been minor (on a 1W scale) corrections such as the pull-back we are witnessing since July. During market uptrends, those are called 'Bull Flags'. Especially in the beginning of the recovery those are met with Uncertainty/ Doubt / Disbelief. For that reason the majority doesn't get in on the trend until it is well underway. Even the 1W RSI shows how consistent this Symmetrical Support Zone has been throughout all those Channels. Even the Higher Lows trend-line from May 2022 is still holding. ** First Bullish Cross since 2010 ** On top of all the above, Nasdaq is about to completed a 1W MA50 (blue trend-line)/ 1W MA100 (green trend-line) Bullish Cross, the first since February 2010 (which as mentioned is post Housing Crisis). The price will enter next week into green Ichimoku territory, which when formed indicates significant upside potential on a well establish bull trend. We expect this to be the end of the 3-month correction and the resume of the uptrend. Based on the previous runs, NDX is aiming at 17800 towards the Christmas rally and 21500 in Q3 2024. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
7
What's a Tea! Fed Policy Expectations Plunge Gold to Key SupportGold declined marginally by 3% in September hitting its major support of 52 weeks SMA, in the face of higher long term Treasury yields TVC:TNX and a stronger Dollar index TVC:DXY . Sentiment remained weak for most of the month as ETFs continued to lose AUM while COMEX managed money net long futures positions fell to a five month low previously in August 2023. 👉 Since July, long-dated yields have risen faster than short-dated yields, meaning the yield curve is exhibiting a "bear steepening", something often seen during a reflationary or early business cycle period. 👉 Following this thesis, lets compare 13-Weeks Treasury Bills Yield CBOE:IRX.P that jumped in 3 months from 5.150 to 5.330 only, and 10-Years Treasury Notes Yield TVC:US10Y with gains from 3.820 to 4.630 at the same time. 👉 While gold tends to underperform risk assets during these periods, it is not common to see bear steepening this late in the business cycle and recent moves in yields may be masking other factors at play, such as higher risk premiums 👉 Soft US economic data suggests also that a slowdown is still likely, which, alongside a potential change in the shape of the yield curve, could signal an environment where gold has historically performed well. Yields take center stage 👉 August and September were challenging for gold. After dipping below US$1,900/oz, it staged a late recovery – around the Fed’s Jackson Hole annual symposium, than turned more down after Fed's September Meeting to finish September down approximately by 3 per cent. 👉 The US Treasury yield curve is arguably the most important financial indicator around, and its trajectory and shape are constantly under scrutiny. Most of the time (90%) it slopes upward as investors need to be compensated for lending their money for longer. But at these times, it inverts. As it has since July 2022, suggesting bond market participants are waiting Fed's monetary policy tightening continuation. Lets Compare Gold Spot in U.S. Dollars (RHS) vs. 6-Months Fed's Policy Expectations based on Jun'24 30-Days Federal Funds Futures CBOT:ZQM2024 (LHS) Gold Spot in U.S. Dollars (RHS) vs. 12-Months Fed's Policy Expectations based on Dec'24 30-Days Federal Funds Futures CBOT:ZQZ2024 (LHS) What’s next 👉 In summary, the move in the 10-year yield can likely be attributed to three main factors. A shift up in the ‘higher interest rates for longer’ narrative, supply and demand forces and a rise in the risk premium. 👉 The latter factor might start to provide support to gold prices, if it continues to increase from its key support of 52W SMA. 👉 If we simply look at bear steepening, gold tends to underperform – with low single digit average returns. Historically, the most likely successor to a bear steepening is a bull flattening (approx. a third of the time). This is characterized by a fall in the long end of the curve relative to the short end, effectively an unwinding of the rising premia we’ve witnessed. 👉 This partly took place at the latter end of September with gold likely benefitting from such yield declines. Also, soft data continue to suggest that a slowdown is still firmly on the cards. This could result in either a bull steepening or a rare "bear-". Both phases have on average been gold friendly, yielding an annualized return of 15% – the highest of all the phases. Gold Market Breath 👉 What is Market Breath overall? 👉 Market Breath is a Percentage of Index Components Trading Above their N-Period Moving Average. 👉 Traders can use this index to see what percentage of index components are trading above their N-period moving average, for example, above the 200-day moving average. 👉 A rise above 50% in the indicator indicates increased market strength, while like the index of new highs and lows, traders and investors often look for extreme values to find extreme overbought and oversold conditions in the broader market. 👉 Gold Market Breath Indicator INDEX:YATH (number of S&P/TSX Global Gold Index TSX:TTGD above 200-Day SMA) is at 2.43, that is one of the lowest multi year readings . In conclusion, there are some reasonable considerations for further Gold spot purchases following the thesis that 52W SMA is a strong support for Gold in 2023, and further Fed's Policy expectations for upcoming 2024 are fully in the hands already.
OANDA:XAUUSD
by Pandorra
5
NASDAQ Small glimmer of hope as 1D making a MACD Bullish Cross.Nasdaq (NDX) recently broke below the Higher Lows trend-line of 2023, the trend-line from the start of the year that has been supporting the strong recovery. This created the conditions for further decline, especially since the 4H MA50 keeps the price action below it, but so far Support 1 (14430) is holding. The above levels are those we will use as break-outs. A candle close below Support 1 will be a sell signal, targeting the 1D MA200 (orange trend-line) at 13900. Since however the 1D MACD is close to forming a Bullish Cross, the bullish momentum attract probabilities and if a candle closes above the 1D MA50, we will instead buy, targeting 15650 (Resistance). The pattern since mid August is quite similar to the Arc formation of November - December 2022. After the 1D MA50 broke, it targeted the previous Resistance and even hit the 1.382 Fibonacci extension before the next pull-back. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
1
NASDAQ: Can hit 17,000 if the 1D MA50 breaks again.Nasdaq remains bearish on the 1D timeframe (RSI = 40.412, MACD = -138.180, ADX = 35.654) but it is on the HL trendline, the supporting trendline that emerged on the December 28th 2022 low. According to the 1D RSI, comparisons can be made with the September-October 2020 consolidation fractal around the 1D MA50, following the COVID recovery. After the 1D MA50 got crossed over for the second time, the index went on to reach the 1.786 Fibonacci extension level before the next consolidation. If the HL holds and the index breaks over the 1D MA50 again, we will have a strong long term bullish case in our hands and target 17,000 (Fibonacci 1.786). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
$NDX Quarter 3 (Q3) AnalysisThe NASDAQ has been performing extremely well for the year, and a special rebalance was put into effect in July to slow down the NASDAQ’s growth. Currently the NASDAQ has support in the EMA ribbon, which also intersects with the white support zone and yellow support line. This yellow support line has been acting as a support level since January 2023. I think the NASDAQ will have a bullish Q4 and will trend towards a new all-time high (green circle). However, I think this new all-time high could get delayed until Q1 and Q2 of next year, but I do expect a strong performance for the NASDAQ in Q4.
NASDAQ:NDXLong
by realchartchamp
$QQQ Quarter 3 (Q3) AnalysisQQQ lost a support level during the last week of Q3. The last time this happened QQQ climbed up to a new all-time high in 2021 (shown by the yellow arrows). I believe the NASDAQ and its leverage-related ETFs are trending up to a new all-time high over the next few months (marked by the green circle). However, there was a special rebalance that occurred in July that is designed to slow the NASDAQ’s growth since the NASDAQ has been very strong this year. We still haven’t observed this effect yet since the stock market has been in a correction since the rebalance, but I’d imagine it will lead to a slower growth.
NASDAQ:QQQLong
by realchartchamp