Apple: Bearish Daily Close Apple may have just given us the first daily topping signal. It closed below key support which leaves it extremely vulnerable to more downside. This leading stock will take the markets much lower if it breaks down.
Daily secondary lower close is on watch to solidify this trend change in apple.
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).
Follow us, like the idea and leave a comment below!!
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.
Please like, follow and comment!!
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: