NQ1! NAS100 NASDAQ 2023 JAN 28
NQ1! NAS100 NASDAQ 2023 JAN 28
Result for week of 23 Jan analysis yielded Intraday 100pts on 25 Jan
and 450pts for levels/position trade.
Price is now at the Rotational Resistance area.
Higher TF did not display trend changing weakness.
H4 is showing a potential weakness for long on retracement
opportunity / temporary short opportunity.
Possible scenarios:
1) Short if rejected between 12400 - 12140 / 11727
2) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Volume Analysis:
Weekly = Ave vol up bar close off high = Minor weakness
Daily: Ave vol up bar close off = Minor weakness
H4 = Ave vol down bar (UT) S>D = Possible Trend Change
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12400 - 12140 11603
10890 10710 10484
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NASDAQ 100 CFD
S&P 500 - Medium term upside or lower lows?In our previous post we outlined how we distinguish tow different scenarios.
Either we are in a ABC to the upside targeting 4300 and possibly beyond (as labeled in the main chart, green arrow) or we are in wave 3 of C targeting lower lows and the completion of the bearish wolfe wave pattern.
We stated how we believe the first scenario to be more likely, but the broadening patterns, the fact that priced failed to take out 4136, bearish divergence on rsi and the wolfe wave that still has a lower target suggests that the bearish scenario is still a possibility.
This may unfold as below:
In each case, a movement to the downside is now expected. We evaluate the probability of the two scenarios once more price action unfolds.
Breaking the major trendline and retesting or fake out? Stay tuned.
We are short from @4050 stop loss 4065.5 risk 0.6% of equity
NASDAQ: my view for Intraday and SwingHi Traders,
This is my view for this week on
NASDAQ
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
I really hope you liked this content and I would like to know what do you think about this analysis, so please use the comment section below to give me your point of view.
Pit
DISCLAIMER:
Trading activity is very dangerous. All the contents, suggestions, strategies, videos, images, trade setups and forecast, everything you see on this website and are the result of my personal evaluations and was created for educational purposes only and not as an incentive to invest. Do not consider them as financial advice.
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$NDX bottoming well, so far$NDX quick short trade once it hit top part of trend
BUT covered quick
Normally would short for longer term here
BUT....... we're likely going bit higher
Jan was great, we called it!
Feb might continue but plateau and wane into March
#NDX bottoming well.......
$QQQ #QQQ #Stocks
NASDAQ hit 1D MA200 for first time since April 05!The Nasdaq index (NDX) hit today its 1D MA200 (orange trend-line) for the first time since April 05 2022. This completed the bullish leg we signaled on our analysis at the start of this month:
At the same time, the price hit the January 05 Lower Highs trend-line, entering the No-trade Zone. This is the region we regard as highly volatile as it is between the 0.618 Fibonacci level from the August 16 High and the Lower Highs trend-line.
We will buy again upon confirmation after a 1D candle closes above the 0.618 Fib and target the 1W MA100, which is just below the 13760 August 16 High. Similarly, if we close a candle below the 1D MA100 (green trend-line), we will sell back to the top of the Support Zone (10765).
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Big picture look at NASDAQ (QQQ)One of my ideas where I zoom out and look at the bigger picture for the NASDAQ using QQQ on the weekly timeframe. The technical analysis is pretty simple with a focus on the main trading channels and how the major peaks align. Hard to guess the markets direction, but there is definitely room to go lower to the support of the green channel.
With 20 and 200 week SMA
Daily
Daily with 20 and 200 day sma
NQ1! NAS100 NASDAQ 2023 JAN 25 US Pre-Market Analysis
Possible Long on retracement
per Scenario 2 as price is testing
previous rotation area
Possible session Scenario
Long If support returns at
a) 11729 or
b) Channel support
Short if
c) Price breaks through grey rotation area,
returns to test and is rejected
$NDX looks better than $DJI, but it's no slouchPls see profile for more info
We limit data
as it's copy paste
We're cautiously bull $DJI, bit more on $NDX
But there's reasons:
#ECONOMY = TRASH
Tons of good lost jobs
Unemployment low but most BAD jobs & multiple jobs
#DJI RSI negative divergence (slight weakening)
#NDX RSI looks good & many green candles
$DIA $QQQ #QQQ #Stocks
NDX:Nasdaq Pullback 61.8% Fibo For A LONG ViewAfter two weeks of strong gains, European markets returned some of the momenta from earlier this year with a subdued pullback last week, with some suggesting that we may have seen highs in the short term, similar to what we saw last year.
In the U.S. markets, the week was more mixed, with the Dow posting its worst week since early December, while the Nasdaq 100 ended the week higher.
While there is some logic to the claim that we may have seen a peak in U.S. markets given the way they have behaved over the past few months, there is less argument when looking at markets in Europe, which look set to open higher this morning.
Valuations in Europe are initially lower, and from an earnings/dividend perspective much more attractive than in the U.S., with the FTSE100 and DAX trading at projected dividend yields of 3.77% and 3.36%, respectively.
Nevertheless, there is a growing belief in financial markets that central banks are on the verge of a significant change in monetary policy later this year. This view seems to be gaining further support now that some Fed policymakers do not seem to be opposed to the idea of another step in the central bank's cycle of raising rates by up to 25 bps next week.
This view continues to be reflected in the U.S. bond market, where yields continue to hit new multi-week lows, with 2-year U.S. bonds closing lower for the third week in a row, as did 10-year bond yields.
The U.S. dollar dynamic was equally nuanced, hitting a new 8-month low as various European Central Bank officials continued to make more hawkish statements. The pound also held up well last week, closing higher against the U.S. dollar for the 4th week in a row
Looking ahead to the new week, the focus will be on the latest company reports as investors will decide whether the current growth momentum can continue and how far central banks are willing to go to curb inflation.
Last week, markets seemed to find some solace in the fact that amid the uncertain outlook for the global economy, companies have become more focused on preserving margins, cutting costs, and cutting jobs.
This assumption is based on the assumption that any slowdown in economic growth would lead to a pause in the central bank's plans to raise rates, and then to a rapid rate cut. This assumes, of course, that the aforementioned central banks would be happy to start cutting rates when inflation is still well above target.
This seems highly unlikely, and while markets seem used to this way of thinking since the financial crisis cut rates sharply, it is by no means what it seems to the markets.
Unemployment is still low not only in the U.S., but also in Britain and Europe, and after Fed Chair Lael Brainard, usually considered "dovish," said last week that she thinks inflation is still too high, at this point, it is hard to imagine a scenario in which a rate cut this year would be likely.
DJI trapped!Trapped between these very important retracements. They act as price magnets, and significant support/resistance levels.
These were drawn with the magnet tool, so there is no bias towards their positions.
Do note that we are analyzing the DXY*DJI chart, which shows us a clearer picture of recent price action.
A closeup.
Are we in UTAD?
And another beauty...
Tread lightly, for this is hallowed ground.
-Father Grigori
Who will survive?The balance between SPX, NDX and DJI changes. Some are stronger than others.
If we don't have food on our table and if there is no electricity or internet, who will go buy the new shiny faux bijou?
Meta, Tesla and Google need internet to exist. If push comes to shove, they will be the first to drop.
Tread lightly, for this is hallowed ground.
-Father Grigori
NQ/MNQ Futures Reaction AreasOn this chart are the reaction areas for the NQ, MNQ, NDX at least for the first part of the week.
I wanted to release this before the Sunday open because it might help for the overnight session.
All levels or areas have short descriptions.
I published this on a 30m chart (structure) because it really provides a good mix between my standard intraday (5m) timeframe and the 60m golden timeframe.
What is clear here is the zone between 12,000 - 12,9000 doesn't provide many high-probability reaction areas.
As usual, the focus for the week should be momentum and how well that is being held up, especially given the close on Friday. It was clear the market wanted to recapture the weekly open and it did just that.
Any downward move has to find support at some key reaction zone; otherwise, sentiment will shift against a continued upside move.
11,100 or so, really that key battle zone. If the price gets here and how it reacts will be key. Watching how the 60m momentum and bias hold LONG will be key going into the first few days of this trading week.
As far as known news events, Thursday is the big day. So as the week develops, plotting where Thursday wants to test and close will be key. I'll update this idea as we go along this week.
NQ1! NAS100 NASDAQ 2023 JAN 23
NQ1! NAS100 NASDAQ 2023 JAN 23
WISHING CHINESE FRIENDS A PROPEROUS YEAR OF THE RABBIT!
Did you do Scenario1 11385 long? Market gave at least 200pts.
Possible scenarios:
1) Short if rejected between 12400 - 12140 / 11727
2) Continuation long on retracement if price retraces on low volume
or supported by channel
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
Volume Analysis:
Weekly = Low vol up bar close off high = No Demand
Daily: Ave vol up bar = No demand
H4 = High vol up bar close toward high = No Demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12400 - 11908
11729 11385 10710
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Collapse Of The US Economy JAPAN - AMERICA | Part OneJapan's Real Estate and Stock Market Bubble
In the present day, asset bubbles sometimes are fuelled by overly stimulative monetary policy. Japan's economic bubble of the 1980s is a classic example. The yen's 50% surge in the early 1980s triggered a Japanese recession in 1986, and to counter it, the government ushered in a program of monetary and fiscal stimulus.
These measures worked so well that they fostered unbridled speculation, resulting in Japanese stocks and urban land values tripling between 1985 and 1989.
At the peak of the real estate bubble in 1989, the value of the Imperial Palace grounds in Tokyo was greater than that of real estate in the entire state of California.
The bubble burst in 1991, setting the stage for Japan's subsequent years of price deflation and stagnant economic growth known as the Lost Decade
In the midst of an escalating pandemic, the US government enacted fiscal stimulus of an unprecedented magnitude between March 2020 and March 2021. The multifaceted stimulus acts provided for sizable Economic Impact Payments, better known as “stimulus checks”
these payments occurred in the context of significant growth in retail trading accounts and stock prices, particularly the prices of stocks that retail investors
tend to favor. Surveys suggest that on the order of 10%-15% of the payments may have shortly
found their way into the stock market.
The current US Federal reserve balance sheet (WALCL)
8.5 Trillion Dollars as of 2022
900 Billion Dollars from 2008
M2 (M2SL) Supply
21.4 Trillion as of 2022
7.6 Trillion from 2008
NASDAQ bottomed or fall 20% by March?Here is my chart combining channels, trend lines, and waves.
You can see that the NASDAQ has been fighting to stay inside the blue channel since mid-October, but has been trapped under the black channel. If it is going to hold, then this would be a good place. That would keep the blue channel bull rally intact.
However, this week's rejection off the top of the channel is not a great sign. There is still a good possibility that we still need to complete the wave C of the larger ABC correction before this is over. Right now, Wave C stands at a 0.618 fib extension of Wave A which is pretty small. If it goes lower, then a bounce and support at 0.786 seems logical, which is around the peak before the COVID crash. That could be a good long entry.
I would not rule out something closer to the 1.0 level before we are done. If that does come to be, then that takes us down to the red trend line created off the bottoms of the 2018 and 2020 corrections. That is the 9000 range (could overshoot down to 8700) and would be a great place for a big long entry. Anything lower than that, and, well, lets not think about.
Nasdaq Analysis 19.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ: Going lower, no confirmed buy yet.Nasdaq may have formed a 4H Golden Cross yesterday but contrary to its practical use, this bullish formation hasn't been a buy signal for the index as long as its has been trading inside the Channel Up of October. With 1D technicals neutral (RSI = 50.571, MACD = 37.810, ADX = 32.497), the price isn't restricted from trading lower despite the medium term bullish trend.
We see that the previous two Golden Crosses stopped near the bottom of the Channel Up, in particular a little under the level of the first HL of the bullish wave prior (see red zone). We can expect currently a Low around 10,900. Additionally, we can buy when the 4H RSI breaches 30.000 and becomes oversold.
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