NASDAQ 100 CFD
SPY Failed Continuation.. Where to Next?$SPY is so far chopping sideways without true direction. However, the lack of continuation from recent gap ups is a major sign of weakness. Personally, I'd like more upside to take a brief yet lucrative short position but overall I'm expecting a near-term move to the 390 mark.
$DJI call was spot on, bounce so farWent back to basics last week
Loaded up on $DJI, specifically $UDOW
Will unload as #DJI closer to resistance, red dotted
FUD to lower #stocks #crypto
Then buy the sellers
CLOCKWORK, media is GREAT contrarian indicator
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THIS WAS POST LAST WEEK
$DJI What do you see? (Was a CHANNEL & $SJI close to support)
IMO RISK REWARD entry point good here if we close above the dotted line
$NDX doesn't look as good but will likely follow
More POVs for $BTC
#BTC Up & Sideways Channels = both good 4 bulls
#crypto
Nasdaq -> The Time Has ComeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe Nas100 is currently retesting a quite obvious weekly previous resistance area which is now turned very strong weekly support.
In confluence with a recent trendline breakout and also a bullish ema-crossover I do expect at least a short term rejection away from this quite important weekly structure zone.
On the daily timeframe we are also now retesting a previous daily support area which is turned support again, so if we get some more bullish confirmation it is quite likely that we will see at least a short term rejection towards the upside from here.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ hit the 6-month symmetrical Support. Potential rebound.In our last Nasdaq (NDX) analysis 10 days ago, we called for a short-term correction after the price already filled the Gap of Resistance 1 (12985) and started making Lower Highs:
Our target was the 6-month Pivot Zone, which is a symmetrical liquidity level, Support in early September and Resistance in mid November to mid December. In our analysis that is the ultimate test to prove that the Double Bottom of late 2023 was indeed a Cycle bottom.
The index hit today its 1D MA200 (orange trend-line) and within 3 weeks the 1D MA50 (blue trend-line) can potentially break above it, forming the first 1D Golden Cross since May 21 2020. The 1D RSI has a clear Higher Lows Support Zone, which is about to enter, so many indicators point to a rebound soon.
It is worth positioning ourselves earlier for a medium-term rally that will fill the next Gap on Resistance 2 (13750), though of course the 1W MA100 (red trend-line) needs to be considered as a Target too as it rejected the index back on August 16 2022.
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NASDAQ rising to 12330 (4hour MA50). How to trade it from there.Nasdaq - US100 touched the 4hour MA200 today and is on a technical rebound. Our target is 12330, the 4hour MA50.
If it closes above it, continue buying to 12600 (+2.05% rise as the previous breakout).
If the 4hour MA50 holds, sell and target 11835 (above Fibonaci 0.5 and expected contact with the 1day MA50).
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US100 ShortLooks like a good Short opportunity on CURRENCYCOM:US100 , NASDAQ:NDX , CME_MINI:NQ1! , NASDAQ:QQQ
Tripple top + strong resistance from the sell zone + a break of the blue trend line.
Would like to see some retracement to 12400 to enter. Risk reward to this trade around 2.5
Entry: 12400
First Target: 12050
Final Target: 11850
Stop loss: 12650
I would like to see a green close above 12650 on a 2hr timeframe for the stop loss.
Please let me know your thoughts.
Thank you
NASDAQ Drop can extend to MA200 and then reboundNasdaq is trading inside a Bearish Megaphone.
The MA50 4H has been established as Resistance.
The price uses as Supports the Highs and Lows during January's uptrend.
Trading Plan:
1. Buy on the MA200 4H and next Low Support confluence.
2. Sell on the MA50 4H.
Targets:
1. 12300 (MA50 4H).
2. 11850 (next Support and MA50 1D).
Tips:
1. The RSI 1D is inside a Channel Down and oversold. Adding buying pressure.
2. Observe if the Fibonacci retracement levels can be used as Support levels.
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Nasdaq -> It Is Over For BearsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the nasdaq recently had a very bullish breakout, breaking above a long term downtrend line and also confirming a weekly double bottom.
Hence I am now just waiting for a deep retest of the neckline of the double bottom before I think that we will start the next bull market from here.
On the daily timeframe we already bounced of the support zone once, showing that there is definitely some buying pressure, so I am now just waiting for a second retest before we will then see the continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ Much needed technical correctionAccording to wider time frames like the 1day, the correction that Nasdaq started is a technical (after hitting the Rising Resistance) and a much needed one as it hasn't tested the 1day MA50 in 1 month. The RSI staying under the MA reminds us of the patterns that started the August and April sell structures. The market is now out of the Bear Cycle so the correction doesn't have to be that dramatic but technically it 'requires' to meet certain levels nonetheless.
The 1day MA50 is the first with the white bold Support the second, consistent with both prior sell structures. The lowest risk of course in terms of RSI is its Support around the 30.00 mark. If those don't happen until the upcoming 1day Golden Cross, we are entering buys nonetheless. 13600 is our Target, straight inside Resistance A which consists of the August 16th and April 26th Highs.
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Price Movement Expected For Next Week 2/21/2023I think we are in a ABC correction and we are currently in C wave down with minor 5 waves. I expect the prices to reach around $4000 next week.
US100 LongLooks like there is a beautiful setup. CME_MINI:NQ1! , CURRENCYCOM:US100 & NASDAQ:NDX is forming a bull flag. Break of the pattern can take us to 13600 area. With CPI numbers coming tomorrow, it would be interesting to follow.
Entry: 12500
Stop Loss: 12300
First profit Target: 12800
Second Profit Target: 13100
Final Profit Target: 13600
With regards to stop loss, I would wait for a 2hr candle to close below 12300.
NASDAQ under its 4H MA100. Big selling extension.Nasdaq crossed under the 4H MA100 line that was intact for more than 1 month and turned the 1D time frame neutral (RSI = 53.616, MACD = 239.030, ADX = 26.220). The 4H RSI is breaking under its Rectangular bottom also and the index should now follow downwards inside the greater pattern, which is a Bearish Megaphone.
We are aiming at the 4H MA200 (TP = 11,950) and once the price bottoms our on S1 and the bottom of the Bearish Megaphone while the 1D MA50 holds, we will go long aiming at the LH Zone of the Megaphone (TP = 12,450).
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Buying NASDAQ at previous swing low.NASDAQ - Intraday - We look to Buy at 12272 (stop at 12200)
Selling pressure from 12744 resulted in all the initial daily gains being overturned.
An overnight negative theme in Equities has led to a lower open this morning.
A Fibonacci confluence area is located at 12272.
Intraday signals are far from strong.
Dip buying offers good risk/reward.
Our profit targets will be 12448 and 12488
Resistance: 12362 / 12500 / 12744
Support: 12272 / 12200 / 11855
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