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
NASDAQ 100 CFD
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.
spx 2hour advanced xabcd short from resistanceHello traders, this is 2hour chart of SPX (S&P500). Currently looking
at speculative XABCD setup, advanced entry on sell side from overhead
resistance at point C, which is 4218. Points X/A/B confirmed already.
Pattern overview and levels: X at 3742, A at 4173, B at 3853,
point C and 4218 and point D/PRZ at 3615 (extension).
Point C/D also coincide with liquidity gaps, so this improves
odds of putting on a successful trade at C/D.
Recommended strategy: wait for price to max out near C
at 4128 and short sell from overhead resistance, bears will
target point D at 3615 to complete the pattern structure.
Later on bulls may look for a reversal near point D, but right
not it's too early to look for bullish setups in this market.
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🚘 Tesla Highest Daily Volume In 2 Years, Lowest Ever RSI +MoreWe have two strong signals that can favor the Tesla bulls.
The first one is the volume mentioned in the title.
In the last days of December, 28 and 29, the TSLA stock saw its highest buy volume in two years.
The last time this much buying happened was 17-December 2020... A long bull market followed.
We have another interesting signal in the form of an oversold RSI.
The TSLA stock hit its lowest level ever on the RSI.
A low of 16.5 was hit.
The previous record low on the RSI was set 10-February 2016 and this marked a bottom.
A 6 year long bull market followed.
Now, these are strong signals but the chart structure is not the same.
The market conditions are not the same.
We cannot expect a bull market to develop based on such little data but, we can expect a bounce at least or a relief rally to show up before any additional blood.
This is not financial advice.
You still need a plan to trade.
Make sure to do your own research and always hit Boost & Comment! 🚀🤗😄👍
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Namaste.
Breakdown analysis Nasdaq 22/03/2023Dear traders Nasdaq still in bullish trend he retest the wick of daily previous candle and it may rejected this area so as I said in my instructions we should look for sell under 12736 and we should look for buy above 12763 trade safe and good luck
TSLA – Short term upsideTSLA's stock price has been characterized by a high degree of volatility, with significant price swings occurring over short periods. From a technical analysis perspective, TSLA's long-term trend has been upward, with the stock price increasing from around $20 per share in 2013 to over $1,000 per share in early 2021.
In November 2021 the stock price started a corrective trend that has been maintained until today. The low of the move was reached on the 6th of January 2023 at around $101 dollars per share. Since then the stock price jumped higher, made a correction that retraced nearly 50% of the move and afterwards it continued the trend (up).
The highest probability scenario for this stock is to move to the upside and reach the trendline marked on the chart. However we must point out that, tomorrow we have a big news event (FOMC meeting, interest rate decision) that may send the stock to the downside if the rate decision will hammer the whole stock market. The stock is very sensitive to the macro environment .
Trade with care.
NASDAQ This trend-line is holding the uptrendNasdaq (NDX) has been rising since the March 13 Bottom on a Higher Lows trend-line and is near Resistance 1 (12750). The RSI is also on Higher Lows. If that trend-line breaks, which is highly likely with the upcoming Fed volatility tomorrow, we expect a test of the Symmetrical Support (12205) and the 1D MA50 (blue trend-line), before a new rebound that will test Resistance 2 (12895).
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NASDAQ Rising on the 1day MA100 targeting 14000Nasdaq/ US100 is rising after a rebound on the 1day MA100 and is approaching the 12750 Resistance.
The long term pattern that is being formed could possibly be a Channel Up.
We expect a +20% rise as the first bullish leg of this Channel. Target 14000 long term.
Previous chart:
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