NASDAQ 100 CFD
NASDAQ About to break upwards.Nasdaq rose again above the MA50 (4h) and is approaching the critical 12900 Resistance (2).
The inverse of March's rise with February's fall is very strong.
So far all Support levels of the fall got filled.
This is a strong indication that the pattern will break upwards.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13050 (representing a +4.40%, the most common during these past 2 months).
Tips:
1. The RSI (4h) is on a Rising Support and bounced off of it yesterday. This indicates that the current rise has still considerable room left to grow.
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Notes:
This is a continuation of this trading plan:
Nasdaq Short trade looking on par - SMC explainedWe've recently had a break below the uptrend
And now we can expect downside to come.
Target SSL 11,780
SMC:
BSL - swept showing the previous high and the last few candles which Smart Money swept liquidity of buyers.
This means, we can expect the price to head back down to the Sell Side Liquidity order block giving a great Risk to Reward.
This is a text book SMC short trade setup.
Nasdaq Breakdown analysis 28/03/2023Dear traders nasdaq respected last setup as I said just follow the instructions in my chart and wait for price to react so today as you can see Nasdaq was Bearish and he was respected previous daily candle so I see if price reject zone 12664 it will be high probability to sell target will be 12435 and if he breaks above 12736 it will be chance to look for buy trade safe and good luck
NASDAQ: Just a pullback. Next target at 13,200.Despite the recent pull back, Nasdaq's 1D technicals (RSI = 56.406, MACD = 181.190, ADX = 32.325) remain bullish. The long term bullish trend is seen also on the 1W time frame where the RSI is also above 56.000. On this long term chart we can see that since the first test on R1 (12,900) on February 2nd, all MA periods have come to Support, even forming a 1D Golden Cross.
The main pattern is a Bullish Megaphone with the HH trend line defining well the Highs of October 5th, November 15th and February 2nd so far. This illustrates that the upside is significantly higher but we are happy for now to settle for the next gap fill on R2 (13,200).
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NASDAQ broke below the 4H MA50. Pull-back possible.Nasdaq (NDX) broke and closed a 4H candle below the 4H MA50 (blue trend-line) for the first time in 2 weeks. With the 4H RSI not having touched its Higher Lows trend-line yet, this is an indication that the index might pull-back some more towards the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line) Support Cluster (even as low as the Symmetrical Support), before finding the new demand zone for buyers. We are buying this pull-back and target the bottom of Resistance Zone 1 at 12895. The Higher High extension though can be much greater, even as high as 13,200 on the long-term.
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Nasdaq breakdown Analysis 28/03/2023Dear traders Nasdaq respected previous setup and I suggest you to be patient this week we have some news that may ruin the market ..well as you can see in my chart nasdaq was bearish today the new weekly candle start bearish it may consolidate this week so above 12735 you’re good to look for buy and if price close below 12677 if till be change to sell good luck and trade safe
Nasdaq -> Not Slowing DownHello 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 and already retested a quite obvious weekly structure area exactly at the $12,000 area.
You can also see that within this break and retest Nas100 also created and confirmed a weekly double bottom, we also broke above a weekly bearish trendline and we are also now having bullish moving averages so from a weekly perspective I just do expect more continuation towards the upside.
On the daily timeframe you can see that Nas100 is over and over again retesting the resistance which we have exactly at $12,700, so I am now just waiting for a clear break above the zone and a retest before I do expect the next rally towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
2023 Looks Very BloodyStocks look poised to head sharply lower through the rest of this year. The banking crisis has been snoozed like your alarm clock blaring at you first thing in the morning. The thing is you only get about 5-10 mins before it blares at you again. More bank failures are coming. Most banks are holding treasuries with unrealized losses and myself and others are combing through balance sheets and finding weak players asking to collapse.
This summer looks very negative. My hunch is the debt ceiling issue is going to compound the bank crisis. There seems to have been no progress made at all between Republicans and the White House over the last couple months and we only have 2-3 more months before this becomes a catastrophe. Myself, along with many others, believed initially that this was a non-issue, but the charts are saying otherwise. Perhaps we should not dismiss this as impossible. It could be a black swan that's right in front of everyone's noses but they don't think it is worth inputting into their risk calculations yet.
The rally from the October lows is not impulsive. There is no wave count to be made that is bullish there and the upward action has cut back into previous highs a couple times so there are many reasons to believe further downside is much more likely.
It is going to get a lot worse before it gets better folks.
I hope you all have your seatbelts on and some money in Volatility.
There won't be a warning. One morning we'll just wake up and 6 more banks have announced stress and people will start freaking out. Volatility will spike 40% in a day and people will rush in.
Good Luck.
$NDX leads but has had issues in this area beforeBeen away for a week, needed time off. Visited family. Did some light trading, mostly closing closing puts sold as most of them expired worthless = We kept PREMIUM! 🙂
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Let's see how markets fared.
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As we expected, $NDX has done decently & has kept retesting the upper boundary hit in February. It's breaking above today. BULLISH if accompanied with volume. As we've stated for months, markets don't act as most believe. They are irrational much of the time.
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$DJI has not fared as well BUT will LIKELY join #NDX in the upward movement. The issue was 2 #banks on the #DJI. The #DowJones fared much better during the beginning of the year but lost leadership in February.
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$VIX has stayed in the middle part of the Symmetrical Triangle. Which tends to be the case until as extreme direction ensues. As stated countless times this can stay the case until mid 2024! Most likely not but it can. We believe it will touch the bottom part of the trend, higher probability, before, IF, it hits the top part again.
#stocks #stockmarket #vix
NASDAQ rally to stall at current highs?NASDAQ - 24h expiry - We look to Sell at 12920 (stop at 13090)
Posted Mixed Daily results for the last 4 days.
The 161.8% Fibonacci extension is located at 12304 from 12972 to 12559.
Bespoke support is located at 12277.
Selling spikes offers good risk/reward.
The bias remains mildly bearish but there is scope for a move in either direction at the open.
Our profit targets will be 12510 and 12440
Resistance: 12920 / 12972 / 13360
Support: 12559 / 12305 / 12280
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Nasdaq weekly analysisHey traders as we can see the EIGHTCAP:NDQ100 had a very bullish week overall and we could be looking to see that bullish trend continue during the past week.
so this week we could be anticipating that price could break and retest the 12891-12803 level before heading to the upside again for this week i'll stay bullish for this still proven otherwise
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK
Nothing eventful last week at price was testing 12950.
No trades for indices last week as opportunity didn't happen
during my waking hours. Also the messiness on M30 &
lower TF.
Concern: Despite greater effort, progress from
H to H1 was only marginally higher, and price closed below
12950.
Possible scenarios:
1) Market test 13740 = long on retracement //
acceptance at 12950
2) False break of 12950 = short on rejection of 12950
Volume Analysis:
Weekly = Narrowing spread Ave vol up bar close off high
= non-trend changing minor
weakness
Daily: No Demand up bar = non-trend changing weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 12950-12678
11921 11068-10710
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Have a profitable trading week ahead.
PINS ARE RE-SETTING- BUCKLE UPThe bear is done with the cigarette break and is about to come back strong.
I am seeing a re-start of the beginning of the correction, except with greater price magnitude.
SQQQ is oversold and the MACD is about to turn up.
Except an interesting next couple of weeks.
This correction has several months to go.
SQQQ could easily reach $50 and my most aggressive estimate is $90+ by the time correction hits bottom.
Good luck!
Not financial advice.
"IT'S A TRAP"Market appearing to regain momentum, but I think it's a trap.
Similar price action as when the correction began.
Resistance is strong 12,800.
The bear was taking a cigarette break as far as I am concerned.
Buckle up and prepare for the last leg (DOWN) of this correction.
I maintain an expected bottom of July 2023
Good luck
Not financial advice
Breakdown Analysis Nasdaq 24/03/2023Dear traders Nasdaq after news yesterday was in range it may continue pushing up next week so I expect Nasdaq under 12668 will searching four next support 12561 wait for price action to react and above 12756 I see high opportunity to keep pushing up
Trade safe
US deposits safe? Don’t bank on it Nasdaq bullsSentiment on Wall Street took a turn for the worse by yesterday's close. Janet Yellen conceded that she has not considered a "blanket insurance" for US banking deposits, and Jerome Powell pushed back on any hopes of rate cuts from the Fed this year.
The Nasdaq 100 came close to reaching out 13k target before momentum reversed sharply lower, closing the day with a bearish outside / engulfing candle. It also saw a false break of the prior cycle high and clos back beneath the upper bollinger band, with a bearish divergence on the RSI (2).
- The bias is for prices to mean revert towards 12,230 / 20-day MA, with 12k and the March lows also contenders for bearish targets.
- The bias remains bearish below 13k, but yesterday's high can also be used is a tighter approach to risk management is required.
NASDAQ: Heavy rejection on the February 2nd Top.Nasdaq marginally crossed but eventually got rejected on the 12,900 Resistance (February 2nd High) and is pulling back, shifting to neutral 4H technicals (RSI = 50.470, MACD = 139.360, ADX = 27.085). We expect this pull back to hit the S1 zone as the February 2nd-6th sequence did and find Support on the 4H MA50.
The 4H RSI is on its own HL trendline, an addition bottom indicator to watch. We will buy at 12,450 and target R1 again (TP = 12,900)
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SPX - DJI - NDX - Going higher after small pullback ?Interest rate decision is in less than 15min and a 25bps hike is expected.
Markets have run ahead of it this week so a small pullback is likely but as long as prices stay above the dotted Invalidation levels, there's nothing to worry and we should resume higher tomorrow probably.
From a risk/reward perspective, I think it's a good idea to look to go long, may it be relatively strong individual names or simply buying the indexes.
It's also a good idea to go for some select names in the crypto space, like BTC, ETH or some newer ones like OP, CFX and VIB.
$VIX has sold off after top call, now what? The $VIX is trading within the symmetrical triangle, still. As mentioned many times over the last year this pattern can take many months to resolve. Long term traders have to be patient until this revolves.
Short and intermediate time frame traders can use the tops and bottoms to implement buys and sells to maximize profit. It's what we've been doing.
At the moment it looks like the bottom part of the trend is calling. Not to pat ourselves in the back, again and again, we did call this to be a volatile year. Don't see a resolution to that until the triangle is broken.