Nasdaq Market Review: 22-NOV-2024Good morning, traders! Today's Nasdaq analysis will help you achieve your trading goals. Let's work together towards success.
NASDAQ 100 CFD
NASDAQ blowoff top?!!The stock market has been rallying for approximately 758 days, fueled by optimism and liquidity. However, I believe that within a few months or weeks, the current bull run could reach its conclusion, even in the presence of quantitative easing measures.
This expectation stems from signs of diminishing momentum, overextended valuations, and potential macroeconomic headwinds that may outweigh the effects of monetary stimulus.
NASDAQ Update on Elliott Wave CountsLast week, we saw solid sharp moves up in NASDAQ:NDX along with SP:SPX and $FRED:DJIA. And that move made me reconsider my counts since I was expecting that we had a top in place now with X complete and Y down should now unfold. But last week's move made another all time high. Watch the video to understand what are the possibilities now.
NASDAQ Analysis scenarios ideaWe can see 2 Gaps in the Nasdaq, with USA Elections ahead i expect volatility.
I think we will close the 19800 gap first, then 19600 for then going up.
It depends a lot in the USA elections results
Always do your research
Nasdaq GAP We can see a Nasdaq GAP could we see it close in the next hours? USA elections starting soon, let's see how market react
Always do your research
A dump awaits NASDAQ?#nasdaq #ndx index just unclaimed the ascending channel and unless reclaim, a dump will likely be awaiting the market soon. Not financial advice.
NASDAQ100 Plummets! Short Trade Nears Final Target!NASDAQ100 (NDX) Analysis:
NASDAQ100 (NDX) has seen a strong downward trend on the 15-minute chart, with the trade setup delivering impressive results. Targets 1 through 3 have been hit, and the price is closing in on the final TP4 level, making this an ideal short trade for traders leveraging the momentum.
Trade Summary:
Entry Level: 20429.42
Target Levels:
TP1: 20323.94 ✅
TP2: 20153.26 ✅
TP3: 19982.58 ✅
TP4: 19877.10 (nearly hit)
Stop Loss: 20514.76
The Risological Dotted Trendline guided traders perfectly through this short trade, marking a strong resistance level as the index continued its descent.
Downside unfolding in NASDAQ 100NASDAQ:NDX has finally started giving confirmation of downmove with weekly negative close and a strong bearish engulfing. We might see a pullback in wave 2/B early next week after which downmove should continue. Watch the video for levels and more details.
NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader:
In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps.
Key Highlights:
Entry Level: 20,429.42
Target Levels:
TP1: 20,323.94
TP2: 20,153.26
TP3: 19,982.58
TP4: 19,877.10
Stop Loss: 20,514.76
Context:
This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook.
Summary:
This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
Nq potencial bullish flatSeems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
Nq potencial bullish flat Seems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
Trump Media Surges! TP1 & TP2 Done – More Targets in Sight!DJT (Trump Media) on the 15-minute time frame, long trade.
Entry: $28.64
Current Price: $34.33 (TP2 hit)
TP1: $30.81 (Hit)
TP2: $34.33 (Hit)
TP3: $37.85
TP4: $40.03
Stop Loss (SL): $26.88
With two targets already hit, the momentum suggests we could see the next targets getting hit soon!
UPSTART HOLDINGS Short Trade in Motion! Awaiting Profit TargetsTechnical Analysis: Upstart Holdings – 15-Minute Timeframe (Short Trade)
A clear short trade entry was identified at 51.67 for Upstart Holdings. The price is currently moving in the anticipated direction, and we are waiting for the profit targets to be hit.
Key Levels
Entry: 51.67 – The short position was initiated after identifying strong bearish momentum.
Stop-Loss (SL): 54.54 – Positioned above resistance to manage risk and protect against potential reversals.
Take Profit 1 (TP1): 48.13 – The first target we are eyeing as the bearish trend unfolds.
Take Profit 2 (TP2): 42.41 – A further downside target as selling pressure increases.
Take Profit 3 (TP3): 36.68 – If the bearish momentum remains strong, this is a possible next target.
Take Profit 4 (TP4): 33.14 – The ultimate target, signaling a significant downward move.
Trend Analysis
The price is trading below the Risological Dotted trendline, confirming a solid downtrend. With the entry in place, we are now waiting for the price to reach TP1 at 48.13 and beyond, depending on further momentum.
The short trade on Upstart Holdings has a promising setup with a clear entry at 51.67. We are now monitoring the trade as it approaches the first target, expecting further downside momentum.
Affirm Holdings Falls! TP1 Hit in Short Trade, Bearish MomentumTechnical Analysis: Affirm Holdings – 15-Minute Timeframe (Short Trade)
Affirm Holdings showed a bearish signal, prompting a short trade entry at 46.84. The price has already reached Take Profit 1 (TP1) at 44.84, confirming the strength of the bearish move.
Key Levels
Entry: 46.84 – The short trade was initiated after identifying bearish momentum.
Stop-Loss (SL): 48.47 – Positioned above resistance to manage risk and protect against upside reversals.
Take Profit 1 (TP1): 44.84 – Already achieved, confirming the effectiveness of the trade setup.
Take Profit 2 (TP2): 41.59 – The next target if the bearish trend continues.
Take Profit 3 (TP3): 38.34 – A further downside target should selling pressure remain strong.
Take Profit 4 (TP4): 36.33 – The ultimate target, marking a significant bearish move.
Trend Analysis
The price is trading below the Risological Dotted trendline, which confirms a solid downtrend. With TP1 already met, the continued bearish momentum suggests further downside potential.
The short trade on Affirm Holdings has started well, with TP1 already hit at 44.84. The next targets are within reach if the selling pressure continues, making this trade setup promising for further gains.
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WOLFSPEED Rallies! Long Trade Hits All Targets, Bulls DominateTechnical Analysis: Wolfspeed – 15-Minute Timeframe (Long Trade)
Wolfspeed demonstrated strong bullish momentum, with a long trade entry at 10.23 and successfully reaching all profit targets.
Key Levels
Entry: 10.23 – The long position was initiated at this level, marking the start of a strong upward movement.
Stop-Loss (SL): 9.75 – Positioned below recent support to manage risk and protect against potential downside.
Take Profit 1 (TP1): 10.83 – The first target was achieved, confirming the strength of the bullish trend.
Take Profit 2 (TP2): 11.80 – Continued momentum pushed the price to this level.
Take Profit 3 (TP3): 12.77 – The bullish rally extended further, reaching this target.
Take Profit 4 (TP4): 13.37 – The final target, signaling a complete and highly successful upward move.
Trend Analysis
The price has consistently remained above the Risological Dotted trendline, affirming the strength of the uptrend. The bullish surge indicates strong market interest, supporting further upward moves, though all profit targets have been met.
The long trade on Wolfspeed performed exceptionally well, hitting all designated targets. The final TP4 at 13.37 reflects a robust upward trend, well-supported by the Risological Dotted trendline. The sustained buying pressure indicates that the bulls have maintained control throughout the move.
ASML Holding Falls! Short Trade Hits TP1, More Targets AheadASML Holding has shown a strong bearish movement, reaching Take Profit 1 (TP1) at 742.16.
Key Levels
Entry: 792.37 – A short position was initiated at this level, guided by the precision of the Risological Swing Trader.
Stop-Loss (SL): 832.99 – Positioned above recent resistance to protect against a potential reversal.
Take Profit 1 (TP1): 742.16 – Already achieved, confirming the effectiveness of the short setup.
Take Profit 2 (TP2): 660.92 – The next target in line as downward momentum continues.
Take Profit 3 (TP3): 579.68 – A further target if the bearish trend persists.
Take Profit 4 (TP4): 529.48 – The ultimate target, indicating a significant decline.
Trend Analysis
The price is moving firmly below the Risological Dotted trendline, indicating a strong downtrend. The sustained bearish pressure suggests the potential for further declines towards TP2 and beyond.
With TP1 already hit, ASML Holding continues to show promise for further downside, guided by the Risological Swing Trader. The short trade remains positioned to capture additional opportunities as the trend continues to favor the bears.
Follow-up Update on NASDAQ - Down-move has started?This is in continuation from my weekend update on NASDAQ:NDX where I mentioned that we should likely be headed down from the upper channel line of rising wedge. Yesterday we got a negative daily close and in hourly timeframe, we can see clean 5 waves down. More in the video.
NASDAQ 100 Drops! Short Trade Confirmed, Eyeing First TargetThe NASDAQ 100 has confirmed a short trade with a strong bearish move below the entry at 20263.46. The price is progressing towards the first profit target (TP1), though it has not yet been reached.
Key Levels
Entry: 20263.46 – The short position was confirmed as the price broke below this level, signaling bearish momentum.
Stop-Loss (SL): 20378.68 – Placed above the recent resistance to protect against potential upside reversals.
Take Profit 1 (TP1): 20121.04 – The first target, not yet reached, but in close proximity as the downward trend continues.
Take Profit 2 (TP2): 19890.59 – The next target in case of continued bearish pressure.
Take Profit 3 (TP3): 19660.15 – A further downside target, aligning with the next support zone.
Take Profit 4 (TP4): 19517.73 – The ultimate profit target, marking a significant decline.
Trend Analysis
The price has broken below the Risological Dotted trendline, confirming strong bearish sentiment. The market is likely to move toward TP1 if the selling pressure continues. The downward momentum suggests further potential to reach deeper profit targets.
The NASDAQ 100 short trade is progressing well after confirmation, with TP1 at 20121.04 in sight. If the bearish trend holds, further downside targets are expected to be reached.
Dotcom Burst vs Tech Burst- i wanted to make this chart for long but i had to wait some confirmations, because i took an higher TF.
- Right now is really interesting to compare the dot-com bubble burst in 2000 versus the actual situation.
- like always i won't talk too much about FA because everything can happen in our world :
- Aliens destroy us.
- Putin push the red button.
- Meteorite hits earth.
- Jerome H. Powell printers no more electricity.
- let's back to the chart and i will try to make it simple :
- This chart is based on a 3 Months Timeframe, so 1 columns = 3 months.
- This graph is based purely on MACD and his Death Cross ( i will call it "DC" to short it)
The Dotcom Burst :
1/ in 2000, Nasdaq took a violent dip before MACD DC. ( 12 Months before ) ( Red Vertical Line )
2/ after that MACD DC, Nasdaq continued his downtrend but the dip started to be lighter for 15 Months. (Orange Vertical Line)
3/ The Storm was over in 2002 and Nasdaq started a consolidation to prepare his next parabolic move. ( Green Vertical Line )
The Tech Burst :
1/ The real dip happened already 12 months from now (Before MACD DC). ( Red Vertical Line )
2/ The MACD DC happened already 3+ months ago from now. ( Orange Vertical Line )
3 / We are still in a downtrend and not yet entered a recovery phase.
- What we can conclude is simple :
- When MACD Death Cross. The big dip is already behind us.
- Right now nothing is really different from 2000 in matter of TA, only the big numbers are different.
- " Mastering trading is anticipating movements, following the flow in real time means you are already late ".
Happy Tr4Ding !
PS : There's also something different in matter of time if u compare those charts. if you find it.. i will congratulate you !
NASDAQ Weekly Elliott Wave Analysis - Expecting DownsideNASDAQ:NDX seem to be in last stages of wave X of WXY correction post which we should see wave Y down. At the minimum, I am expecting 15% correction in wave Y. More details in the video.
