Nasdaq will go down to 10480 🔻Good luck everyone....
Nasdaq will go down to 10480 🔻
Then from 10480 it will climb aggressive to 11900 and above
This my own ideas 💡
Risk is your own
Be happy 😊
NASDAQ 100 CFD
Nasdaq Analysis 06.01.2023Hello 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.
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$NDX is DO or DIE time!🚨🚨🚨
LAST LINES for $NDX
#NDX Triple Bottom daily, you see it?
MACD & RSI look ok
1 of 2 LONG TERM
Daily broken
Weekly Jeopardy
Monthly have rest of January, IMPORTANT
$QQQ $VXN #QQQ #VXN #NASDAQ100
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Hard to post all the info we provide
Been trading $TQQQ $SQQQ puts & buy them outright on top of all the longs in individual stocks for longer term holds
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Back in Puts, Sold $TQQQ 16's, high 70's this morning for 1 week hold, like risk reward
Head and shoulderThe monetary system is about to collapse. You cannot extort money out of recessions. You can't just breathe out, you have to breathe in too. You can try, and then you will find that in the end you just have to take a breath so as not to die.
We have so far seen a fall of around 35% from the peak. I expect a drop of at least 66%. So my goal for this year and maybe a little into next is down to 5873.
Nasdaq going to 11111 .... I think 🤔 good to buy Triangle patterns show the direction
Hope I it reach target 11111
Good luck everyone
Risk is your own
Life is simple 😌
The bear market has not endedLast year, NQ1! dropped approximately 34%, entering a bear market territory. In 2023, we hardly expect any significant improvement in the stock market due to the persistence of bearish fundamental factors, including high inflation, the prospect of more interest rate hikes, and a global slowdown. We expect these factors to stay in place throughout the year and weigh heavily on the index. Furthermore, we expect them to lead the U.S. economy deeper into a recession. With that said, we anticipate the bear market to progress from the second stage into the third stage in 2023.
We will seek confirmation of our assessment in the upcoming earnings season and look for corporate underperformance and outlook downgrades. Additionally, we will look for a jump in corporate bankruptcies and a pick-up in unemployment. In accordance with our outlook, we maintain a bearish stance on the index and keep our price target of $10 000 for NQ1 (although we think the index has a high chance of going far below that).
Illustration 1.01
Illustration 1.01 shows the daily chart of NQ1! and the declining channel we showed a few months ago. Currently, NQ1! trades near its upper bound. If it manages to break above it, it will bolster the bullish case in the short term. However, a failure to do so will be bearish and hint at exhaustion.
Technical analysis
Daily time frame = Neutral
Weekly time frame = Neutral
Illustration 1.02
The image above shows the daily chart of NQ1! and simple support/resistance levels. In addition to that, two moving averages are present, acting as additional resistance levels; in case of an upward correction, we will pay close attention to these SMAs and their ability to halt the price rise.
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.
🚘 Tesla Will It Really Recover? Up Fast, then Down Strong!We are expecting a bounce/relief rally for the Tesla (TSLA) stock and so far things look good.
We had a very strong bearish wave... It can crashing down since late 2021 but the bottom/low is not in yet.
Look at this chart:
We can expect a move up but remember that after this bounce the bear market will resume with massive force.
Let's read the chart | Tesla 2H Timeframe
- Things are looking good as a bounce happened at support.
- TSLA moving above EMA10 activates the short-term bullish potential.
- We have a gap between 118 and 122, our first target.
- We have additional gaps on the way up.
The 178 level is our main target and as you can see this level was marked as strong support in the 19-Nov-2022 trade idea.
Once a strong support level is taken out, it needs to be revisited.
So the stock is likely to move back up and play again with this level and see if it holds as resistance... If it does, which is the most likely scenario, then another drop comes.
The next drop should take prices much, much lower but it will take some time before we get there.
Since we are here everyday... We can take it step by step.
Namaste.
NASDAQ Don't look beyond this confirmed signalsNasdaq (NDX) hit last week and is so far holding the top of the 10500 - 10750 Support Zone, that has been in effect ever since the October 13 Bottom. As you see, the index has been under the Bear Market's Lower Highs trend-line since January 05, so essentially for a full year. The last rejection on it (December 13) was also made just below the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level from the previous (Lower High).
This practically keeps the index trapped and currently neutral. A confirmed buy signal would be a break above the 1D MA50 (blue trend-line), targeting again the 1 year Lower Highs trend-line, while a confirmed sell signal would be a break below 10500, targeting the -0.118 Fibonacci extension (10110).
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No pivot, no easing, only more rate hikes, and painYesterday, the central bank of the United States raised interest rates by 50 basis points. The FED’s chairman reiterated that the monetary policy is not accommodative enough and laid out a path for more increases, with the projection of interest rates above 5% in 2023. Additionally, Jerome Powell stated the FED would not start thinking about cutting rates until its goal of 2% inflation over time is achieved.
That is nothing new to us, as we dismissed the “pivot narrative” several times in the past months. Indeed, we stressed that the terminal rate would go much higher than initially expected and for much longer than originally thought. Unfortunately, we abandoned our price targets for QQQ one day before the meeting.
Despite that, we continue to be bearish on the stock market and maintain our price target for NQ1! at 10 000$. However, as for the QQQ, we will abstain from setting a new price target after the latest abandonment. We will update our thoughts on a new price target soon.
Illustration 1.01
Illustration 1.01 displays the daily chart of QQQ. Yellow arrows indicate fake breakouts above the resistance. Interestingly, the second breakout occurred similarly (meaning very quickly, driven by algorithms, and short-lived) to the first one, about which we expressed skepticism.
Technical analysis
Daily time frame = Neutral
Weekly time frame = Bearish
Illustration 1.02
For the past month, QQQ constituted a 5% trading range within which it has been moving. We do not expect another breakout to the upside. Contrarily, we expect a breakout below the support level, which will be very bearish.
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.
$NDX holds Inverse Head & Shoulder pattern intraday - must holdFrom post elsewhere
$NDX hit a bit
The yellow horizontal lines are showing inverse head & shoulder
Bottom forming pattern
Very likely within day or two we'll have this resolved IF it is a short term bottom for #NDX $QQQ #QQQ $TQQQ #TQQQ
#stocks
Post 2 - posted earlier
#NDX volume pretty decent today & barely halfway through
$VXN, $VIX for $QQQ, is looking stronger
$VIX in middle of pattern2 From $DJI recent post
While most media & people ARE RIGHT, they tagged along @ end, too much neg
I'm contrarian, this much negativity raises flags, especially when media 24/7
Still think $VIX #VIX in between pattern gives opportunity for swings before the eventual breakout
#stocks #crypto
NQ UpdateMFI is oversold but ES/RTY MFI are not oversold yet.
Guessing RSI goes oversold because AAPL and TSLA are tanking. That's 2 big components. As usual, ARKK is down too, lol.
In 2019, AAPL warned on earnings first week of the year. Same could happen here if iPhone sales suck, though they seem to be making money off services more than hardware, so they might still make earnings.
NASDAQ trend lines to watch in the new yearIt is important to step back and look at the big picture sometimes. The NASDAQ is testing the support of the green channel. May see a bounce here, but I think it is more likely that it tests the top of the blue channel in the coming month. Maybe more importantly the black trend line (around 9,500-10,000) looks like a good place to bottom in the near term. Let's hope that holds, else the blue channel center line is next support if dot com crash is anything to go by.
Weekly
Daily
Nasdaq January Monthly Volatility Analyis 2023
Nasdaq January Monthly Volatility Analyis 2023
Currently the IV for Nasdaq is at 7.66%, down from 7.8% last month.
From the volatility current percentile we are located on 93th place, and based on this we can expect the monthly candle to make the next aprox movement:
Bullish : 6.55%
Bearish : 8.58%
With this in mind we have currently 80.2% that the market is going to stay within the next channel
TOP Limit: 11987
BOT Limit: 10250
If we are going to take a look into the previous monthly high and low points, currently there is a :
37.5% to hit the previous monthly high
64.4% to hit the previous monthly low
Lastly from the technical analysis point of view, currently ( going from -100 to +100)
Weekly Timeframe : -66.67% of rating moving averages is indicating BEARISH
Monthly Timeframe : -40% of rating moving averages is indicating BEARISH