NASDAQ: Consolidating before the new bull leg.Nasdaq hit and held so far the 1D MA100 and is staying technically neutral on both the 4H and 1D time-frames (RSI = 48.402, MACD = 26.660, ADX = 22.654). This is largely part to the fact that the 4H MA50 (as well as the 4H MA200) is holding as the short term Resistance level.
The 4H RSI is on a HL trend line though and since the price closed above S1 (11,800) despite breaking it on the previous candle's wick, it is enough for uss to go long (TP = 12,220) on the short term, at least until the LH Zone (and R1 R2) break.
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NASDAQ 100 CFD
QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report PredictionAfter the last price target was reached:
My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation .
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the QQQ will reach $288.
3. The year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation , will be restored. Inflation down to 3%.
My prediction for QQQ by the end of the year is $332, a 25% increase YOY.
Looking forward to read your opinion about it!
Nasdaq -> Ready For The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently retesting a quite obvious weekly support/resistance area which is turned very strong support once again.
You can also see that we recently broke above a down-trendline, created a double bottom and had a bullish ema-crossover, which are all very bullish signs, so from a weekly perspective I just do expect the continuation towards the upside.
On the daily timeframe however you can see that we are currently creating bearish market structure, so I am now just waiting for a bullish break and retest of the next resistance zone, before then also the daily timeframe looks quite promising for 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:
11 Trade Ideas Predicting The DJI Crash | Where Is The Bottom?The Dow Jones Industrial Averages index has been holding much, much better compared to the S&P 500 and Nasdaq indexes.
While the other two indexes have been down considerably since we started to predict the crash (18% SPX & 25% NDX), the Dow Jones (DJI) has gone down only by 12%.
This is the last one of this series of articles.
Feel free to relax as we get started!
Thanks a lot for your support.
---
Let's start with the chart above on the Monthly timeframe.
The DJI closed last month below EMA10 and it is now signaling lower.
We use EMA10 to gauge the short-term potential of a cryptocurrency trading pair, stock or chart.
So the short-term potential has gone bearish... This we normally say based on the daily (24 hours per candle) timeframe.
Since this is the monthly, each candle is ~30X stronger than the daily.
Which means that this very simple signal can yet be very strong.
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We started in late January to look at the Dow Jones.
We don't need/use 100 indicators, the very simple moving averages for us are more than enough.
Here we saw that the Dow Jones is no exception, it was also set to drop!
(Jan. 24) The Dow Jones Industrial Average Is No Exception (Crash)
Two days later we looked at the famous 'Falling Wedge" pattern and compared it to 2020-2018...
This one on the monthly timeframe.
(Jan. 26) Dow Jones Industrial Average Monthly Chart Analysis (30%+ Crash)
We can appreciate how the DJI was looking better than the SPX and NDX...
Yet, the indicators, such as the MACD, gave it away!
(Jan. 28) The Dow Jones Industrial Average: Not All Red
Dead cat bounce, anyone?
Easy to tell... We stay conservative though to not scare you away.
How to prevent a crash if the Feds policy do not change?
A: Impossible
(Feb. 7) DJI Weak Bounce
And here too for the initial phases of the correction we look at the classic ABC.
(Feb. 11) DJI Crash Last Reminder
To me, the next one was the biggest give away of all.
The long-term cycles are very strong but what to say when an index loses a 20 years long support?
We are talking about the MACD on this one...
(Feb. 14) DJI And The 20 Year MACD Support
We step back to sum it all up...
It is possible that the DJI goes for a 50% or more drop... Who knows, let's ask the chart!
(Mar. 4) DJI | Dow Jones Industrial Average (Additional 55% Drop)
By mid-March we shared the "bear-run"!
This is happening across all markets and will continue a bit longer before we see sustained/long-term growth.
(Mar. 13) DJI Bear Run
This is all for the major US Indexes.
We will go back to Bitcoin soon and then focus 100% on the Altcoins which is where the money grows.
---
In all, we published:
(1) 26 trade ideas for the SPX (all bearish).
(2) 14 trade ideas for the NDX (all bearish).
(3) 11 trade ideas for the DJI (all bearish).
For Bitcoin (BTCUSD), we share the Macro/Long-Term view as well as the short-term bounces/moves when prices go up.
You can count on us being here by the time the bottom is reached and when we hit $300,000 or more in 2025 and beyond.
Namaste.
14 Trade Ideas Predicting The NDX Crash | Where Is The Bottom? We looked at 25+ charts predicting the S&P 500 Index (SPX) market crash.
You can find this article in the 'RELATED IDEAS' at the bottom of this post.
Now, what about Nasdaq (NDX) and how far down can it really go?
Join me while we go over the trade ideas we published since early 2022, to see where we stand and what comes next...
(You can find all charts by visiting my profile - here )
Thanks a lot for your support.
--
We started by looking at our classic signals on the NDX chart.
We looked at EMA10/EMA21, previous corrections since 2018 as well as the MACD and RSI; it all pointed downwards.
At this point the NDX index was at 15,286.75...
(Jan. 19) NASDAQ Bearish Scenario Can Unfold
Just 4 days later we looked at the weekly chart and noticed how the NDX was moving below EMA50, one of our classic signals.
This is a bearish signals telling us of potentially lower prices...
(Jan. 23) Nasdaq To Hit Much Lower (Chart Update)
Later, we expanded on all my main/classic signals.
If you learn these signals by reading what we publish, as easy as they are, you can read any chart that being TradFi or Cryptocurrency...
(Jan. 24) NASDAQ Downward Pressure
Then we looked at the really long-term timeframe, monthly (M), and we predicted a potential 70% drop, this happened in January 26.
We also looked at Elliot Wave & more...
(Jan. 26) The Nasdaq Long-Term (Potential For Major Crash | ~70%)
If you want to know where the bottom is, look at this chart.
We followed this one by reading multiple timeframes, daily, weekly and monthly and going as far back as the year 2000 in our analysis... Our view remained the same and is still the same today, more correction before it is all over.
(Jan. 28) NASDAQ Index Continue Lower | Daily, Weekly & Monthly: All RED
Do you know about GAPs/Windows?
We study this signal in early February...
(Feb. 7) The GAP Gives It Away | Nasdaq
We also applied candlestick reading, which is the main system we use for charting.
High wave candles, full bearish candles on the chart as well as indicators such as the MACD.
(Feb. 23) Nasdaq (NDX) | Gives Additional Signals
In March only two trade ideas, the "bear run", now famous as well as another strong/bold prediction...
(Mar. 4) NDX | Nasdaq (Additional 65% Drop)
The ABC Correction is based on the Elliot Wave charting system... See how perfectly it works!
(Apr. 21) Nasdaq Extreme Bearishness Weekly
CONCLUSION | Bad news & Good news
The bad news is that we will have a long way to go!
The good news is that once we reach bottom, we will have DECADES of sustained and continued growth.
Namaste.
💾 DJI Bear-Run 2023 & Beyond | The New World OrderWhy do you think there is such a strong rush to close/shutdown everything crypto?
The traditional global financial system is about to crash and they don't want competition. Remember, they are owned by banks and banks are used to having a monopoly on money.
If the financial system crashes due to its many weaknesses, it will lose all of its customers to the other side.
If they can shut down the other side, people can just cry and rebel but they would have no other choice other than to use what is available.
Now there is an alternative.
So they will have to either come up with real solutions (not likely) or become obsolete as it is the norm.
The only constant is change in this world.
The DJI is about to crash.
We have a peak January 2022 followed by lower highs.
This month the DJI has gone below EMA10 and the indicators are trending down.
It seems that it will be worse than 2008... No worries, back in 2008 we didn't have Bitcoin, it will be interesting to see how things will develop this time around, to say the least.
Bitcoin was invented for this exact type of situation.
Will the experiment work?
Or will Bitcoin and Cryptocurrency go down with the rest of the old system that it is intended to be the solution for?
My money is on change.
If you look back at history, nothing ever stays the same.
Let it crash...
A New World Order will emerge.
Namaste.
💾 NDX Bear-Run 2023 & BeyondMonopolistic, abusive and centralized corporations will continue to dominate the world but slowly but surely become less and less relevant, new technologies, new systems based on openness, decentralization and fairness will start to emerge.
These new systems will start to go up as everything from the past starts to go down.
The crash will speed up and it will eventually become obvious.
Cryptocurrency will be the only place left for the world to look for cover.
It is the worst crash ever but this time an alternative exist.
Cryptocurrency will save the day.
Prepare yourself if you hold any of these stocks/indexes... It is going down.
Namaste.
Best guess: current situation in MarketI think the market is consolidating for the next push up... but probably won't be consolidating here anymore, rather lower is coming... I'm fully expectant and prepared for LOWER LOWS to come... so if you want to follow idea on Long, do know it's early still...
Tape Wise, market flipped bull mode on October 13th... price going lower is not "PER SE" a bear tape.
I'll update if I sense the stink of bear taking hold of market... his claws printed in Tape... for now price is just controlabelly and smoothly cooling off & falling lower (remember, "velocity" is not all there is to bear tape... yes, bear tape requires velocity, but a relatively speedy down trend is not on its own a bearish tape...)
So: until Tape flips bear and trend is broken, we assume after lower prices, higher ONES will come...
DOW JONES 1929 - Worst is yet to come Federal Reserve raising rates vertical fasted in history.
1. More people getting bullish before mass bankruptcies are filed
2. Bull whip effect in full force too many new hired people from stimulus
3. FED are stuck and have to raise rates through a recession threat to defend the US Dollar and US bonds
4. They potentially avoided the blow off top but can they prevent the collapse?
5. Banks are running into liquidity issues already
6. Unemployment claims are skyrocketing from job layoffs not being reported.
Getting close to another support level on $DJI, SCALPING onlyAs stated many times, in & out. Get as much as you can and then WAIT, be PATIENT IF you want to hold longer. It could be a while before we get another good longer term buy opportunity.
As stated before, SCALPING quick moves.
Most of these were not huge moves BUT Put premiums did lessen & provided 10-25% in minutes.
$MSFT went from 249 - 252
$ZS 106 - 108.5
$TSLA 170 -177
$COIN 53-55.2
$RUN 21.9 - 22.95
Picked up some gold miners $BTG $KGC Possible consolidation in the industry.
Highest $VIX has been in a long time, Stocks prepping for run?$VIX pumped hard these last 2 days
Was interesting that it hadn't done much considering how much the #markets had fallen.
However, it could be short term topping out as #stocks are oversold atm.
25 has been an issue for some time now.
Other data is showing that we are likely setting up for a nice run.
Earnings recession is becoming more apparentFollowing the FOMC’s rate hike, markets continued to rally yesterday until the closing bell when tech giants Alphabet, Amazon, and Apple reported their earnings. Bleak numbers poured cold water on a rally, and in after-market trading, Nasdaq 100 index fell more than 2.5%. However, this move quickly recovered, highlighting the market's growing fragility. With VIX near yearly lows and now evident earnings recession, we will seek a decline in volume accompanying the rising price to suggest a rally’s exhaustion.
During the summer of 2022, we noted that declining corporate earnings and outlook downgrades in 3Q22 and 4Q22 would confirm our bearish thesis about the market progressing deeper into recession. With this being reflected in the data, we will pay very close attention to labor market data, which lags behind other indicators. To further confirm our bearish thesis, we want to see a pick-up in unemployment and small business bankruptcies, which will put the current mainstream narrative about “soft-landing” to the test (together with the FED not cutting rates).
Alphabet - full-year 2022 results.
Net income = $59.97 billion
(vs. net income of $76.03 billion in 2021; -21.1% YoY)
Operating income = $74.84 billion
(vs. $78.71 billion in 2021; -4.9% YoY)
Revenue = $282.83 billion
(vs. $257.63 billion in 2021; +9.8% YoY)
Alphabet disclosed that it expects to incur (in 1Q23) employee severance and related charges of $1.9 billion to $2.3 billion in relation to its layoffs of 12 000 people announced in January 2023. Additionally, it anticipates exit costs in regard to office space reductions of approximately $0.5 billion during that same quarter. Furthermore, the company expects a significant reduction in the depreciation of its equipment and servers throughout the entire year 2023.
Amazon - full-year 2022 results.
Net loss = $-2.7 billion
(vs. net income of $33.4 billion in 2021; -108% YoY)
Operating income = $12.2 billion
(vs. $24.9 billion in 2021; -51% YoY)
Net sales = $514 billion
(vs. $469.8 billion in 2021; +9.4% YoY)
Amazon saw a massive drop in net income (YoY) in 2022, from $33.4 billion to a net loss of $2.7 billion. The company expects its net sales to drop by more than 15% in 1Q23 (vs. the previous quarter) and suffer unfavorable impacts from exchange rates.
Apple - 1st quarter FY2023
Net income = $29.98 billion
(vs. $34.63 billion a year ago; -13.4%)
Net sales = $117.2 billion
(vs. $123.9 billion a year ago; -5.4% YoY)
Operating income = $36.01 billion
(vs. $41.48 billion a year ago; -13.2% YoY)
Illustration 1.01
Illustration 1.01 shows the daily chart of NQ1!. At the moment, the price deviated too far from its 20-day and 50-day SMAs, making a case for the retracement. A breakout below Support 1 will bolster the bearish odds in the short term. Contrarily, a breakout above Resistance 1 will be bullish.
Technical analysis
Daily time frame = Bullish
Weekly time frame = Bullish
Illustration 1.02
Illustration 1.02 displays the daily chart of QQQ. The yellow arrow hints at bullish volume growth. A decline in volume accompanying the rising price will hint at declining momentum and potential trend reversal.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
US100 LongWe got a really nice break of the blue trend line and a nice bounce of the demand zone around 11900 level. Looks strong for a long trade in my opinion. I would like to see a retracement to 12150 for a entry to go long.
Entry price: 12150
Stop loss: 12050 ( I would like to see a strong rejection of this level to exit the trade)
Target 1: 12350
Target 2: 12500
Final Target: 12600
CURRENCYCOM:US100 CME_MINI:NQ1! NASDAQ:QQQ NASDAQ:NDX
Nasdaq Index will be Volatile SidewaysThis year Nasdaq will be going nowhere as it will be traded within a range of around 10500-13000 and probably will end around 10000-12500 by the end of the year. It may test lower point and may touch higher point than the given range, however it won't crash and won't spike either. The reasons for these analysis is based on Index Value Rainbow indicator above. This indicator shows multiple value of base Money Supply or Net Liquidity. For US market Net Liquidity formula is as follow:
NL = FBS - ( TGA + RRP)
NL = Net Liquidity
FBS = Fed Balance Sheet
TGA = Treasury General Account
RRP = Reverse Repo
What happened this year is the Fed is reducing it's balance sheet by selling of their asset or doing some quantitative tightening program, which basically reduce the net liquidity value. However on the other side Treasury is also reducing it general account due to debt limit issue, which actually increasing the net liquidity. So the net value of these two opposing factors will impact Nasdaq value. As a result the net liquidity will remain the same or slightly down through out the year, as the Fed has more impact than Treasury. Other factors need to consider though is the foreign market impact on US stock as EU follows US tightening while CN & JP is on easing policy that will negate downward pressure. As a result Nasdaq will be traded sideways throughout the year. However it will be volatile, because there will be shift of balance from overvalued stocks like TSLA, APPL, etc. to undervalue stocks like META, PYPL, etc. So I expect there will be 20-30% price drop on overvalued stock and 20-30% increase on undervalued stock prices on average.
A bullish case for the Nasdaq 100The weekly timeframe has been slowly developing a bullish structure. The retracement from the all-time high stalled at a 61.8% Fibonacci ratio (from the pandemic low), and prices have since rallied to trade above the previous cycle high. OBV (on balance volume) is also confirming price action high. A recent pullback from the March high has stabilised above the 200-week MA and a small bullish candle formed last week.
The daily chart shows an ABC correction which was completed with a bullish engulfing candle. Prices rose above the 20, 50, 100 and 200-EMA's and now pulled back to gap support. Given the Nasdaq has only fallen -0.6% this week despite the negative sentiment from potential Fed Hikes, it is holding up pretty well. SO if sentiment improves, the Nasdaq may go on to outperform its Wall Street peers.
- The remains bullish above the 11,830 low and for a retest of the 12,880 highs
- If prices can hold above gap support, bulls could consider tighter risk management
NASDAQ: Replicating the January bottom. Long term target at 13,4Nasdaq followed our short term trading plan to perfection and hit both our targets (see bottom chart). Now with the 1D time frame on neutral technicals (RSI = 51.600, MACD = 59.860, ADX = 20.760) but the RSI on a HL trend line, this draws comparison with the January bottom formation.
The 1D Golden Cross that will be completed tomorrow and will be the first since May 2020, can signal the start of a rally similar to January's that topped on the 1.5 Fibonacci extension. Based on that we are long and have a TP at 13,400.
Previous post:
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NASDAQ Forming the 1st 1D Golden Cross since May 2020!Nasdaq (NDX) hit our first target (12370) on last week's analysis and as the condition for the next one wasn't fulfilled (closing a candle above Resistance 1 (12230)), we didn't re-buy:
This week comes with even stronger technical news as despite yesterday's Powell driven rejection, the index is about to form a 1D Golden Cross, the first since May 22 2020! That alone is a major bullish signal for the long-term and as even the 4H MA50 (red trend-line) is supporting, we are buying again with Target 1 being the same (12370). As mentioned previously, if a candle closes above Resistance 1, we will enter another buy targeting 12740 (slightly below Resistance 2).
Note that even though this is a Channel Down pattern since the February 02 High (see how perfectly all candles have closed within the pattern), it is the 1D Golden Cross as well as the Higher Lows on the 1D RSI that are making us believe a bullish reversal is emerging.
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$TSLA intraday trade YESTERDAY, NO longer want after $NDX hitAll this documented
Check profile for more data
---
10am Yesterday---
187 is support, going to start nibbling $TSLA here
WITH TIGHT LEASH
------------------------
1026AM updated
Interesting that $VIX isn't moving
Did the $TSLA & will likely just try & scalp some points
$187 is a decent area
Sold short March 17, 190 puts, were $9 bucks!
$TQQQ done for quick trade, looking to close soon
$NDX
------------------------
1048AM
DONE!!!
$TSLA Sold $9 covered @ $7
$TQQQ done as well
Even more cash than yesterday
Will WAIT & see, maybe get few more scalps here & there
Looking @ #Tesla $ZS $TQQQ & others for re-entry but patient
---------------------
TODAY NO LONGER INTERESTED IN $TSLA
$NDX looks weak, middle of trend & $TSLA doesn't look like it wants to hold
Will revisit 167ish
Looking for NASDAQ dips.NASDAQ - Intraday - We look to Buy at 12031 (stop at 11951)
Continued downward momentum from 12455 resulted in the pair posting net daily losses yesterday.
Buying posted in Asia.
Intraday, and we are between bespoke support and resistance 12021-12238.
We are trading at oversold extremes.
Dips continue to attract buyers.
Our profit targets will be 12231 and 12271
Resistance: 12238 / 12417 / 12453
Support: 12021 / 11939 / 11900
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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QQQ Support and Resistance is KEYI have a short story for you all but first it's important to mention that we're right at an important level that was created on December 13. If we stay trading below this level, the next important level is near 290. That's a decent drop from where we are today. Keep a watchful eye on your indicators as there's more downside as a possibility.
Once upon a time, there was a young trader named Jack. He had just learned about support and resistance levels in trading and was eager to apply his newfound knowledge to the markets.
Jack studied the charts and noticed that the price of QQQ was approaching an important resistance level. He knew that if the price broke through this level, it would signal a bullish trend and the bulls would be in control of the market. However, if the price failed to break through the resistance level, it would indicate a bearish trend, and the bears would be in control.
Jack placed an options trade on QQQ, betting that the price would break through the resistance level. However, the market had other plans. The price failed to break through the resistance level, and instead, it started to drop rapidly.
Jack watched in horror as his trade plummeted. He quickly realized that the bears were now in control of the market. He tried to cut his losses and sell the stock, but it was too late. The market had already moved against him, and he had lost a significant amount of money.
Jack learned to always pay attention to support and resistance levels in trading. He knew that if the price was below an important resistance level, it was a sign that the bears were in control, and he should avoid placing bullish options trades. Instead, he would wait for the price to break through the resistance level before placing any trades, ensuring that he was always trading with the trend and not against it.
AW Dow Jones Analysis - Final Move Before Crash In Progress...In my previous video I highlighted exactly what I thought was going to happen and thus far it has materialized.
The level of detail in that video goes to show how precise AriasWave can be when used correctly.
This kind of analysis cannot be found anywhere and if you think that's funny you should see the bigger picture.
Slowly but surely, I am formulating a view that will more accurately be able to predict the next moves in the market for years to come.
My two favorite charts to understand this process are the Dow Jones and Bitcoin.
With the guide of the 10-year bond yields analysis it serves and the indicator for when the Fed will tighten versus stimulate.
With the help of the US Dollar and Euro analysis I can also make the prediction that a fairly decent bull market awaits us in the years to come.
I have linked some related ideas down below.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
NASDAQ starting a new long term Channel Up.Nasdaq is getting rejected today after the very high opening as it hit the top of its Bearish Megaphone pattern.
The same 1D candle is seen at the end of the last Bearish Megaphone when it broke upwards in early January.
The price got supported on the MA50 (1D).
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13450 (Fibonacci extension 1.5).
Tips:
1. A Golden Cross is only 2 days before forming.
2. The RSI (1D) also forms a sequence identical to January 9th.
Please like, follow and comment!!