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NASDAQ 100 CFD

Weekly Update: The Triangle Count was Invalidated, Now What?Since the December lows of 3788 ES, I have been tracking a triangle pattern that would have reconciled higher in my target box for a larger B-wave. Readers can look at previous postings to see what I have been forecasting. Last week, SPX Futures breached the 4208.50 level. So, with that, the final micro target of an e-wave was invalidated and thus the triangle count abandoned. With respect to a triangle pattern, two topics I continue to share with my members in our trading room is (1) Triangles are rare patterns, and (2) they typically invalidate between the D and the E wave, only to reveal a much simpler pattern. Yes, it is true price patterns can become complex when in the midst of a counter trend corrective rally or decline. However, I tend to keep my labeling simple rather than defaulting to the complex as many of these patterns tend to be viewed as simple zig zags in the rear-view mirror. That is what we have been presented with now that price has invalidated the more complex triangle pattern as featured above. Here's where things get tricky. For the Elliott Wave uninitiated, after an A and B waves you get…” Wait for it” …a C wave. Anyone who follows or practices Elliott Wave Analysis would agree when I say that a C-wave feels like a Crash when the reconciliation is to the downside, or a parabolic move when the trend is up. If you wish to challenge that my determination of that feel free to post your comments below. I will admit in the short term, there appears to be some work to do to the upside for our A wave to equal our C wave higher. But here’s the most important piece of information I share with you today. With the breach of 4208.50 last week, I now have the minimum waves in place to consider this counter trend rally complete. However, as of the time of my authoring this weekly update, I have no immediate information that our upside pattern is complete. Let’s discuss what I expect now, and what clues we will see before such a “Crash Event” lower is underway. My Expectation: Let me start with the mathematical sweet spot for the counter trend price action to complete and reverse from. That price point is the .618% Fibonacci retracement level up at 4309.50. That would mean we have about only about 2.8% upside left to go from current levels. However, the reasonable target area higher (above the .618% level at 4309.50) could extend at maximum to the price area of 4529. That is the .786% retracement level. In fact, prior to that level, price would have to exceed the 1.0 extension level higher at 4517. So, let’s assume that everything goes right with the Fed, Inflation, the Jobs Market, and Not to mention the debt ceiling…4529 would be the statistical anomaly for higher price action. So, what’s my expectation higher: Provided we do not breach 4062.25 then I think it’s reasonable to expect 4309.50. Below 4062.50 and the possibility we are in our C-wave down to NEW LOWS, starts to get higher. Disclaimer: If you have gotten this far in this post then you have read all of the above. Many of the comments I receive here on TradingView...are from people who scan my posts...but have a lot to comment on...al of which I address within the context of my posts. Just like trading...reading is hard. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
NDX Will Go Higher From Support! Buy! Take a look at our analysis for NDX. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 13844.86. The above observations make me that the market will inevitably achieve 14610.61 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
NASDAQ:NDXLong
by SignalProvider
5
NASDAQ Extending its rise to 14350 1W MA100 turned into Support.Nasdaq (NDX) hit last Thursday our long-term target (see idea below) of the August 16 2022 Resistance and even though it took longer than anticipated, it finally filled that Gap: The pattern that is directing the price action higher is a Rising Wedge and right now the price is very close to its top (Higher Highs trend-line). However coming off a 1D MACD Bullish Cross and more importantly having broken above the 1W MA100 (red trend-line) after more than a year, we expect an extension of this short-term bullish leg. Our target is slightly below the 0.618 Fibonacci retracement level from the November 2021 All Time High, at 14350. Key condition for this is to hold the 1W MA100 as its long-term Support now. The 1D MA50 (blue trend-line) has been the short-term Support since January 20 (hasn't closed a 1D candle below it since then). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CME_MINI:NQ1!Long
by TradingShot
2
NDX are you rdy for long ?🧨🧨👌Nasdaq index, did you know that this index has an upward trend in the past two weeks? Well, interestingly, Bitcoin also has and I announced this in my analysis. Well, how far the index should go up, you should be careful, I won't say here if it goes up. Two more targets will not be seen, the first target is 15265.42, the index will go up to this price. Our second target is 16607.19. I am giving you this information based on the method of dirty banks, so don't forget that this index is bullish to see these targets.
NASDAQ:NDXLong
by ManochehrAzar
NASDAQ Overbought RSI will start kicking in soon.Nasdaq hit all of our targets on this bullish leg and even crossed over the 13750 High of August 2022 (Resistance 1). The MA50 (1d) is supporting the Channel Up and Rising Wedge patterns but the RSI (1d) is overbought above 70.00 for the 3rd straight day. As the price is that close to the top of the Rising Wedge, overbought pressure may start kicking in soon. Trading Plan: 1. Buy on tight SL on the current market price. 2. Sell at 14100. Targets: 1. 14100 (top of Rising Wedge). 2. The MA50 (1d). Tips: 1. The RSI (1d) has been on a Rising Support since September 30 2022. This indicates that every pull back is weaker and gets bought more easily, suggesting a strong long term bullish trend. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100
by TradingBrokersView
19
The Debt Ceiling The debt ceiling in the US is a legislative limit on the amount of national debt that can be incurred by the U.S. Treasury. President Biden and House Speaker Kevin McCarthy are set to hold a direct meeting on Monday following a weekend of intermittent negotiations regarding the nation's debt ceiling. This meeting takes place just days before the government faces a critical "hard deadline" where it risks running out of funds to meet its financial obligations. The possibility of a government default is unprecedented and would have devastating consequences for the nation's economy. Yellen and economic experts have expressed concerns, highlighting the potential for the situation to become "catastrophic." In the past, raising the debt ceiling used to be a routine act carried out by Congress, enabling the Treasury Department to continue borrowing funds to cover the nation's already incurred bills. However, in recent times, the vote to raise the debt ceiling has become a point of political leverage, with lawmakers using it as a must-pass bill to push forward other priorities. House Republicans, who hold the majority this Congress, are currently refusing to raise the debt limit unless President Biden and the Democrats agree to implement federal spending cuts and impose restrictions on future spending. In my opinion, we will see a suspension of the debt ceiling to allow for negotiations to form and be completed. As a result, I have a short-term bullish outlook, followed by an anticipated drop to $392 after the announcement, whatever it may be. Looking forward to read your opinion about it!
AMEX:SPYShort
by TopgOptions
QQQ Order Flow - Selling Exhaustion Leads To Explosive GainsHey traders, QQQ is in an explosive uptrend as the AI narrative reaches fever pitch. However, as traders, all we care about is to look for long opportunities each and every time there is exhaustion by the sell-side. These exhaustions, signaled via the DIAMOND pattern, offer an incredible risk-reward... (10% gains on the first print and 5% so far). With the bullish structure in our favor as indicated via the OFA script, all we need is to wait for the entry trigger as new structures are formed. Be reminded, when using the OFA script, it comes with highly accurate signals that, at its core, apply 2 main areas of study: Magnitude: A major clue that will help determine the health of a trend is the type of progress by the dominant side in control of the trend. We need to ask the following question: Are the new legs in the active buy-sell side campaign as identified by the script increasing or decreasing in magnitude? Velocity: When it comes to the distance the price moves, the magnitude is only ½ the equation. The other ½ has to do with the velocity of the move or the speed. Was the new leg created after a fast and impulsive move? Or did price make a new low or high with the movement being sluggish, compressive and taking too long to form? A good rule of thumb is to count the number of candles it took to achieve a new leg. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:QQQEducation
by FlowState
NDX Swing ShortNasdaq has been rallying hard the past few weeks, thanks to tech rally due to recent growth opportunities provided by rise of AI. But Nasdaq is reaching significant levels both from S/R perspective and market structure. 1.We are reaching the top edge of the parallel channel 2.We are at PRZ of couple of harmonics (Cypher and BAT). 3. Also, within very close proximity of the top of rising wedge. Keep a close watch on top tech stocks (Microsoft and Nvidia) Stocks, these have been the primary reasons for a rally in NDX, if these stocks start to fall, so will NDX. Another reason for anticipating down weeks and months in NDX is due to Breakout in DXY which is -0.81 correlated to NDX. Which means 80% of the time NDX moves opposite to DXY. To read my DXY analysis, go over the links below.
OANDA:NAS100USDShort
by zakoraio
Nasdaq - The Q's Party is Almost OverThe Nasdaq has shown remarkable strength throughout the year, outperforming market expectations and surprising many investment strategists. In late January 2023, the index experienced a bullish breakout, marking a significant positive signal for growth after a year-long downtrend. However, it's important to note that a bearish pattern has recently emerged, indicating potential limitations to further upside momentum. While the possibility of a false breakout cannot be ruled out, if it were to occur, it would likely be short-lived. Consequently, I anticipate a downward trend for the Nasdaq in the coming weeks. It's worth paying attention to the areas marked by green bubbles, as they represent potential levels of support where bullish investors would want to maintain control. Any significant breakdown of the lower green support area could have severe consequences for growth and overall market performance. NOT FINANCIAL ADVICE.
CME_MINI:NQ1!Short
by jstrasburger
NASDAQ: Crossed over the August 2022 High but overbought.Nasdaq hit and crossed today over R1 (13,730) which was the High of August 16th 2022, the last major Resistance standing. It did so however on an overbought 1D technical timeframe (RSI = 70.248, MACD = 173.650, ADX = 31.828), which is a bell to start booking profits, especially since the price is approaching the top (HH trendline) of the Rising Wedge, the pattern that guides the trend since November. More specifically, every time the 1D RSI hit the 70.000 overbought level in the past 12 months, Nasdaq declined. There is a HL trendline that supports the RSI though, so you can prepare your buy accordingly. We will take advantage of the next pullback and target the 1.236 Fibonacci extention (TP = 14,500). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
15
Complacency TO THE MAXOverall Market is in "Greed" mode. Put/Call options in "Extreme Greed" mode. This market is the most complacent I have seen in my 10 years of trading. NO progress was made yesterday on the debt ceiling after McCarthy and Biden's meeting. Biden is leaving the country for a week and the Treasury has said we have 2-3 weeks to resolve this or catastrophe unfolds. The VIX should at least be in the 20s right not. Investors are flooding into bonds which could ALSO get crushed if the debt ceiling isn't resolved as interest rates WILL SPIKE, sending bonds lower, and exacerbating the banking crisis further. Unbelievably stupid AF markets right now. I will keep buying the VIX right now and Puts expiring next summer most likely. There is 0% chance this market pushes even near new highs. The downside risk FAR outweighs the possible the possible returns at this point.
AMEX:SPYShort
by MonetaryRebel
6
Weekly Update: Do the Little Things Matter? As an analyst, I often wonder if I get too much into the weeds (so to speak) at times. In the final analysis do those tiny details even matter? When you’re both a full time trader for profit, and simultaneously an analyst who shares one’s work publicly, often times distraction and multi-tasking is the enemy of discovery. Hopefully, this is not one of those times. It’s no secret I exclusively use MACD in my analysis. To use MACD properly is to know the indicator intimately. MACD, or moving average convergence/divergence, is a trend-following momentum indicator that shows the relationship between two exponential moving averages (EMAs) of a security’s price. The MACD line is calculated by subtracting the 26-period EMA from the 12-period EMA. The result of that calculation is the MACD line or Zero-Line. A nine-day EMA of the MACD line is called the signal, which is then plotted on top of the MACD line, which can function as a trigger for buy or sell signals. That's probably more than you ever wanted to know about the indicator. Now in my analysis I do not use MACD as a buy/sell indicator. I exclusively use MACD as a means to guide me within my Elliott Wave analysis. In doing so I have to rely on the indicator to guide me with the following: 1. Is this an A-wave within a corrective structure, or a wave 3 within an impulsive structure? 2. Is the trend concluding or persisting? 3. Is the bottom or the top of a wave structure valid, or should I expect One More High or Low (OMH/OML). Without observing the indicator in conjunction with my Elliott Wave count, I fear I would be inaccurate in my forecasts. To say MACD is essential to my price pattern analysis is analogous to saying water is essential to life. For me, I cannot perform one without the other. However recently I noticed some very small anomalies in the indicator while analyzing price action that I hope to remember to come back and check for validity. in the above chart I notated two bottoms in price action and how the indicator reacted to both. As I track and report on each and every tick of the ES/SPX Futures, I noticed our recent breach of 4068.75 a week go to 4062.25 was not on positive divergence. Now anyone who would say I'm way to focused on a detail that in the grand scheme of things means nothing, would get no push-back from me. But is it really meaningless? Is it a clue? Is it the detail 99% of traders would miss, and in the end...is everything? Truth is...I don't know yet. Time will tell. The above chart I have manually stretched the MACD indicator, but unstretched and it clearly debatable the recent bottom may not have breached the previous MACD reading and since price has reversed, to the unobservant eye, we have what could be positive divergence. So, how do we know? To confirm this was not a mear over estimation of one's detailed orientated skills, the price action would need to follow through lower, without making a new high. Thereby confirming this MACD reading was no random reading worthy of being overlooked. RN Elliott postulated that price action is fractal across all time frames. That's interesting to me, because of this one singular MACD reading has chosen to occupy space in my brain so much that I'm now noticing the very same anolmolies in the micro patterns as well. Nonetheless, I have a tendency to think positive or negative divergence is either confirmed or it's not. In my current mind, this is not up for debate. Now maybe I am proven wrong as time goes on, but even if that happens, this would not be an unworthy study in what confirmation actually means. Therefore, I will continue to wonder, IF THE LITTLE THINGS MATTER. Best to all, Chris
CME_MINI:ES1!
by maikisch
3
NASDAQ broke above the 1W MA100 after a year!Nasdaq (NDX) is extending the bullish trend inside the short-term Channel Up as mentioned on are recent idea two weeks ago (see below): Today the index reached a very important benchmark as it broke above the 1W MA100 (green trend-line) for the first time in more than 1 year (since the 1W candle of April 25 2022). This was a critical Resistance as it rejected the uptrend back on the week of August 15 2022. With the 1D MA50 (blue trend-line) supporting and the Channel Up that started in December intact, we see a Resistance test of the 13730 High as inevitable, so there is your short-term target if you are looking for one. On the longer term, since the February 02 Higher Highs trend-line broke, the Channel Up can target the November 15 2022 Higher Highs trend-line. A typical +11% rally within this Channel Up can easily target this trend-line, so now we are setting a 14100 long-term target on Nasdaq. Especially if the 1D RSI breaks above its own Lower Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
1
Nasdaq -> Obvious Top FormationHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nas100 is currently approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $13.500 level. You can also see that from a weekly perspective, Nas100 is a little bit overextended towards the upside and in my opinion we are ready for a short term correction before we will then see more continuation towards the upside. On the daily timeframe you can see that Nas100 is currently forming a rising wedge formation which is always considered a reversal sign, so I am now just waiting for some bearish selling pressure before I will then enter a short to capitalize on the next dump towards the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
54
NASDAQ: Still very bullish but long term buy levels are lower.Nasdaq extends the rise inside the Rising Wedge which is inside the larger Channel Up pattern. Both 4H and 1D timeframes (RSI = 60.950, MACD = 132.290, ADX = 25.277) are bullish and this price action hints to a slow rise towards R1. In addition, the MACD has already made a Buy Cross, which did on both previous Lows. If the Rising Wedge breaks downwards, the S1 and the 1D MA50 will be our first buy entry. If however the index closes under the S1, we don't expect S2 to hold but will rather expect buy accumulation on the 1D MA100, which is where the massive rebound of the March 13th low happened. In all cases, the target is R1 (TP = 13,730). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
12