Nasdaq -> This Is The SetupHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that nas100 just recently perfectly broke above, retested and already rejected a quite obvious weekly structure area exactly at the HKEX:12 ,000 area.
You can also see that we are approaching another weekly resistance area at the HKEX:13 ,200 level, you can also see that nas100 just had a pump of about 15% towards the upside over the past couple of weeks, so I simply do expect a short term correction back to the HKEX:12 ,800 area and then a next impulse towards the upside from there.
On the daily timeframe you can see that nas100 has been trading in a range over the past couple of days, I am also now just waiting for a deep retest of the next daily support zone at the HKEX:12 ,800 area and then there is a very high chance that we will also see more daily continuation towards the upside from there.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ 100 CFD
Major Recession on the Basis of Yield CurveThe US Treasury Yield Curve is currently inverted, meaning short term interest rates higher than long term interest rates.
This unusual occurrence, called a yield curve inversion, has historically been a very reliable indicator of an upcoming economic recession.
Since World War II every yield curve inversion has been followed by a recession in the following 6-18 months, and recessions are naturally correlated with decreased stock market returns.
The yield curve has not been this lowin over 40 years.
The yield curve indicator is always followed by a major drop.
Triggering of the yield curve indicator also (ALWAYS) lags the yield curve inversion.
In other words, the yield curve inversion must return positive before the indicator triggers.
This is due to the lagging effects of interests rates on the economy.
That being said, since the yield curve is currently severely low, we can expect (another) yield curve indicator to be triggered later.
Once it is triggered, I expect a long-term decline of the markets.
Based on historical data, the decline will last several months, if not years.
Best of luck (not financial advice).
NASDAQ Pullback to the Support, then buy for a new High.Nasdaq is consolidating around the MA50 (4h).
Every such consolidation that followed a High inside the Channel Up, pulled back to the Support of the last Higher Low.
Trading Plan:
1. Sell on the current market price.
2. Buy on the Support.
Targets:
1. 12520 (Support).
2. 13730 (Resistance 1).
Tips:
1. The MACD (4h) gives a buy signal when it crosses over the top of the Falling Wedge. It has happened on both previous patterns.
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NASDAQ: Gap fill at 13,750 imminentNasdaq has completed a rather neutral week, after getting rejected on the 0.5 Fibonacci, accurately depicted on the mixed 1D technicals (RSI = 59.704, MACD = 168.310, ADX = 29.641). The Rising Wedge is leading the index towards the R1, the most important Gap Fill of August. As long as the 1D MA50 supports, we will stay bullish (TP = 13,750).
Prior idea:
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🥂CAC40: Croisière sur la Seine, avec une bouteille de ChampagneLuxury shares boost Europe's STOXX 600, French stock index TVC:CAC40 hit new record high.
European shares climbed on Thursday on a boost from luxury stocks after XETR:MOH posted upbeat first-quarter sales, while hopes of a pause in the Federal Reserve's rate hikes after signs of cooling U.S. inflation also aided sentiment.
👉 The pan-European STOXX 600 rose 0.4%, while the blue-chip index (STOXX50) gained 0.5%, inching closer to its highest level in 22 years hit on Wednesday.
👉 LVMH climbed 5.7%, closing at a record high after the world's largest luxury company reported a 17% jump in first-quarter sales that breezed past estimates as business in China rebounded sharply.
👉 European stocks have more than recouped last month's declines with gains of 1.4% so far, outperforming the benchmark SP:SPX index on Wall Street, amid ebbing fears of a steep recession in the euro zone.
👉 European stocks are seen as undervalued compared to their U.S. peers. With the economic outlook for the U.S. deteriorating, investors appear happier now to take advantage of this pricing skew and buy relatively cheaper European shares. The risk factor that had been associated with holding European shares is diminishing and this is allowing investment decisions to be made based more on fair value plays.
Technical pictures in France Stock Index TVC:CAC40 indicates the breakout of massive 20-year old Reversed Head & Shoulder structure, so it seems a lot of gain here is yet to come.🥂
NASDAQ More likely going lower but buy above this levelNasdaq is on a long term Channel Up but currently on a short term Channel Down.
If the latter continues to replicate the February Channel Down, Nasdaq can dip as low as 12400.
If the price crosses over the recent 13250 High, then the above is invalidated.
In both cases buy and target 14000.
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$VIX breaking a bit, showing Positive Divergence - Sold puts MayAs an FYI we're still cautious bull. We did initiate a CBOE:VIX position, by selling puts, as small hedge.
We've made clear what the targets on indices were, still think they can be hit.
TVC:DJI - 34250 - Major Resistance
NASDAQ:NDX - 13400 - Fib level
SP:SPX - Major resistance - 4181
But keep in mind;
IMF warning global debt levels = DANGEROUS
#Fed states > #recession coming
NASDAQ Correction for few days then buy the dipNasdaq (NDX) has gone a long way since we called for a rebound on the 1D MA200:
The recent rally within this Channel Up pattern that started in December (its second Bullish Wave), came to an end after it broke the Inner Higher Lows trend-line in similar fashion as the first wave did on February 17. That pulled-back to the 0.5 Fibonacci retracement level before rebounding to a Higher High.
The current 0.5 Fib is on 12460, a little under the March 28 Low and the 1D MA50 (blue trend-line), which has been basically supporting since mid-January. If the RSI bounces off its Higher Lows trend-line, then the bottom may come earlier. In any case, we will buy this pull-back and target 13400, a potential contact with the 1W MA100 (red trend-line), which rejected the August 16 High.
The best level to buy during this run is on the Higher Lows trend-line of the RSI. A similar Higher Lows trend-line during the January bullish leg (note that both sequences started on a Double Bottom), gave 5 clear buy entries.
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#yields - $TNX at important juncture1Yr is still holding better than 2yr & 10Yr
IMO Still look like they're fighting to bottom, HOWEVER, TVC:TNX has a history of breaking current support level.
Monthly RSI looks 2b weakening.
While in theory falling #yield is good for #TECH it historically has NOT been good for #stocks
S&P 500- Still targeting 4300+Hello traders!
Many times in previous post we talked about a primary wave (B) to the upside to conclude above 4300 for the S&P.
We believe that we are currently going for wave 5 of C, as also the inverse head and shoulder suggests.
clearer picture on Nasdaq, where W pattern and descending broadenign wedge are targeting at least 13600 for this upside correction (end of double zig zag).
There we will re consider the possibility of a short, tracking the possible Wolfe Wave in the making.
For now, we opened a small long at the recent dip at 12909.1. Will update below!
Bests!
GMR
12042023 - $NDX #NDXNDX levels gave the highs yesterday and as mentioned for yesterday, said we should see a dip but would be bought up; but overall NDX is still looking weak. Unlike SPX, NDX is going below the 2 zones, which is more bearish.
For now, before CPI, 13114 and 12870 are fadable IMO, especially if we see 12870, would be a good level to go long back to the zone.
Apple by EOYApple based on current 119D movement. I still believe Apple is heading below $100 this year. It took a tad longer to see a drop because of corporate buybacks but that wont change the overall outlook for Apple.
Apple's price move from 2018 downward coincides with the Feds tapering. The August 2019 rally also coincides directly with the Fed increasing QE in August 2019. You can see somewhat normal movement until the price breaks out of the channel, although QE was introduced in 2008.
No QE = no more rallying. More QE = hyperinflation. Simple as that. I think the Fed will let equities take a bath to save the dollar... but than again, who knows?
Data Points:
MACD Crossed
RSI has room to come down
Q1 Guidance was grim
NASDAQ This leg aims at the August High.Nasdaq is consolidaing around the MA50 (4h) as the market prepares for the U.S. CPI tomorrow.
The 1 month pattern is a Channel Up that is getting closer to Resistance (1) at 13730, which is the August 16th High.
Trading Plan:
1. Buy as long as the price remains above yesterday's Low.
2. Sell if it breaks.
Targets:
1. 13550 (+5.50% rise and near Resistance 1).
2. 12600 (MA200 4h and bottom of Channel Up).
Tips:
1. The RSI (4h) is holding on a Rising Support. Buy on every contact it makes. As long as it holds, the Channel Up remains valid.
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Notes:
This is a continuation of this trading plan:
Potential bull flag on the Nasdaq 100 (NDX)The Nasdaq is holding above the February high and forming a potential bull flag pattern, which projects an approximate target around 13,500. A larger flag pattern also remains in play with a target just below 14,000, although the October high and monthly R1 around 13700 provide a likely resistance area. The daily trend is respecting the 10 and 20-day EMA's and the structure favours a break of last week's high.
- Bulls could seek bullish setups around current levels in anticipation of a break higher, or around the monthly pivot point should we see a deeper pullback and invalidation of the smaller flag.
- The bias remains bullish above the monthly pivot
- Targets include the resistance clusters around 13,500 and 14,000
Nasdaq Breakdown Analysis 11/04/2023Dear traders Nasdaq was down and after ny session it’s came Back and closed bullish so as you see in my chart I expect price if he reject 12997 and closed bullish it will be chance to buy and if he breks below 12997 and closed bearish it will be Chance to sell wait always for price action trade safe
Good luck
Nasdaq -> Time To Go All InHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nasdaq is approaching a quite obvious weekly previous structure area exactly at the HKEX:13 ,500 area from which we could see a short term rejection.
You can also see that we are currently quite overextended towards the upside on the weekly timeframe so I am now just waiting for a deeper retest of the weekly zone and then a short term correction towards the downside.
On the daily timeframe you can see that price action recently is very bullish so I am now just waiting for another push towards the upside and then I am waiting for some bearish rejection to short Nas100.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ to see a temporary move lower?NASDAQ - 24h expiry - We look to Buy at 12892 (stop at 12822)
Posted Mixed Daily results for the last 6 days.
Bespoke support is located at 12892.
A move to 13153 will form an intraday bearish Gartley pattern.
Preferred trade is to buy on dips.
Dip buying offers good risk/reward.
Our profit targets will be 13153 and 13235
Resistance: 13100 / 13153 / 13236
Support: 12892 / 12848 / 12650
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BITCOIN, NASDAQ, DXY all on Huge Pivot Zones! Tick tack..With the high degree of correlation among financial assets, it is not a coincidence that Bitcoin (BTCUUSD), Nasdaq (NDX) and the U.S. Dollar Index (DXY) all are on Huge Pivot Zone, the behavior of which is more likely going to determine the trend for the next several months.
Bitcoin's Pivot Zone has been in effect since January 2021 and is just above the 0.382 Fibonacci retracement level. Nasdaq's has been in effect since May 2021 and is also just above the 0.382 Fib. DXY's has been in effect since May 2022 and is right on the 0.5 Fib.
All are on the opposite side of their 1W MA50 (blue trend-line) and their Cycle trend-line, indicating that it has been a while since the break-out hence the trend change from bearish to bullish (for Bitcoin and Nasdaq) and vice versa (for the DXY). The one with the biggest potential (downside) is the DXY as it is the only one having not touched the 1W MA200 (orange trend-line) yet. This should have a sizeable bullish impact on both Bitcoin and Nasdaq.
So are all three assets on those Pivot Zone at the same time by coincidence? Will a DXY break lead the other two? Feel free to let us know in the comments section below!
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Reversal?Potential reversal identified based on August price action.
We are at a tipping point for tech.
Weekly technicals are oversold.
MACD monthly remains negative.
Jobs report and further Fed hikes may amplify this technical analysis may tip the scales and send tech plummeting.
Good luck,
Opinion - not financial advice
dji h3 IHS bulls buy low after pullback target 36 000🔸Hello guys, today let's review 3 hour price chart for DJI . Speculative Inverse H*S setup in
progress. This pattern was recently covered in the reversal technical patterns overview,
details see below.
🔸Strong V-shape recovery in progress should complete later near neckline at 34 230.
Then we should get a decent pullback to form the RS of the IHS pattern structure.
🔸Recommended strategy bulls: after re-test of the neckline of the structure and subsequent
pullback bulls should be ready to buy low near 32 700, which is also the RS of the pattern.
Normally, we should target at least 36 000 based on measured move price projection.
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