NASDAQ 100 CFD
A Break above 14020 Could change The big SidewaysThe number of Americans filing for unemployment benefits fell to 242 thousand in the week ending May 13th, down from an 18-month high of 264 thousand and below market expectations of 254 thousand. The latest reading indicated the labor market in the United States remains relatively tight, potentially leading to upward pressure on wages and providing the Federal Reserve with an opportunity to implement further interest rate hikes in its efforts to combat inflation.
The Philadelphia Fed Manufacturing Index in the US increased to -10.4 in May of 2023 from a nearly three-year low of -31.3 in April, and better than market forecasts of -19.8. General manufacturing activity in Philadelphia continued to decline overall but at at the slowest pace in four months. New orders (-8.9 vs -22.7) and shipments (-4.7 vs -7.3) rose from last month but remained negative while employment declined (-8.6 vs -0.2). The price indexes remained below long-run averages, with the prices received index declining further (-7 vs -3.3) The survey’s future indexes continued to reflect muted expectations for growth (-10.3 vs -1.5), with almost
37% of the firms expecting a decrease in activity over the next six months.
US futures were mixed on Thursday, with contracts on the Dow Jones down nearly 30 points while both the S&P 500 and the Nasdaq were above the flatline. Shares of Walmart were up 1.7% in premarket trading after the retailer raised its full-year forecast and earnings topped forecasts. At the same time, traders become increasingly optimistic the debt ceiling standoff would soon be solved and the US will avoid a default. Also, regional banks are also expected to extend gains when markets open. However, the latest data showed weekly claims fell more-than-expected last week, triggering fears of more Fed interest rate hikes.
NDX (Nasdaq 100) Index Analysis 05/01/2021Fundamental Analysis:
As we can see the Index has shown a very strong come back after the Covid-19 pandemic of March 2021 which caused the market to fall and create a panic to the world.
Since then there are lots of changes to the world and the way companies are operating, such as releasing of their premises and offices as they should have discharge lots of their employees and the work from home schemes was the main reason to cut the expenditure of these companies drastically down.
From the other hand, the market administration and governments including Banks has injected lots of funds and so called Rescue Packages and the market stimulant's packages to protect the Market from its Hard and Drastically fall to the lower levels and prevent a gigantic Global Markets Crises.
These funding and injection of the cash to these companies along side of cost and expenditure reduction due to their risk measurement policies, forced these companies to invest the receiving funds in to the companies assets to protect themselves from the Pandemic Crises and hedged their exposed risks instead of investing these funds to the new Projects or renovations which could Couse their Share prices to appreciate intrinsically but instead these investments in the assets made an inflation to the prices of the assets and created a bobble in their share value and Prices without having any inheritance or intrinsic values.
so we can easily have a decision derived from the current situation that there has to be an other market fall and crises soon so the Price and its relevant intrinsic values get converged and market comes to its correct values.
we can observe the same situation in many different centralized markets such as US500 and even other Stock Exchanges around the world like London and rest European market places to be in the same inflated status.
there exist a huge chance of an other Global Market Crises coming soon which has the domino effect and Couse the entire markets to fall for some times .
This fall of the market shall remove off the liquidity from the equity and debt market and streamflow them to some green heaven Asset classes including Gold and silver or even newly invented Technologies such as decentralized markets and Cryptocurrencies and DeFi.
if we have a look at the Current crypto's Total Crypto Market Capitalization we can see it has a very good chances of Rally Continuation to some very high levels such as 5 to 6 Trillion dollars or even much higher.
Total Market Cap of All Cryptocurrencies:
Gold even can see higher Prices such as 2500 USD per ounce which is currently ranging at 1800 USD.
we even can some how speculate a 3 world War to be the initiator of this Market fall which is even not so far from the reality as the situation in middle east is not very stable due to the Iran and Israel disputes and new anti-covid's restriction social movements in Europe and America continent.
we can see the same situation in US500:
DJI:
we shall analyze few other markets and indices and ultimately Propose some Assets which are at their low Points Currently and can be counted as under values at present times.
Technical Analysis:
we have used the Fibonacci trend base extension from the low to the Highest point even before the Covid pandemic to have a better vision of the Higher expansion levels for the post retracement's rallies and identify the Potential Price levels and resistance zones. where the market can show some stagnation and starts its retracement and price correction to the lower levels.
the Fibonacci trend base extension clearly shows that the price has touched the 261.8% which is a very critical point for the price to find its intrinsic values and correct its self by retracing to the lower levels which can be the parallels leg areas of the same Fibonacci extension levels, before its rally to the higher targets.
There exist a Bearish Divergence of Price and MACD where Price has made higher high levels but MACD made lower Highs which is the most significant and strong Bullish Trend Reversal and start of Market fall and Price retracement and Value corrections.
there are total of 2 Targets defined which have a very strong Support tendencies which can be interpreted as the maximum retracements points.
there are few support level are also defined to have a better vision of the bullish trend reversal to bearish retracements which eventually can be counted as the bearish Trend reversal points and new cycle initialization.
NQ1! NAS100USD NASDAQ 2023 JULY 13
NQ1! NAS100USD NASDAQ 2023 JULY 13
Wait for Mon 17 Jul's bar close to determine if Friday's mark down is for additional buying / weakness.
Possible Scenarios:
1) if Mon 17 Jul closes higher = long on reracement
2) If Mon 17 Jul closes lower = look for low volume mark up, rejection, then short at rejection
near recent resistance / high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15839 15507
15118 14850 14368
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close off high = minor weakness | Uptrend
Daily: UT ave vol bar in an uptrend = wait for next bar to determine if this is
marked down for additional buying or weakness | Uptrend
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
NASDAQ - INMINENT SELL OFFNASDAQ - BEARISH INTERNAL CYCLE
Price it's on Panic Area (-0.382 - 0.00%) from Bearish Internal Cycle
I Suggest open SELL positions / take profits from bought stocks listed on Nasdaq at current price
- SL: ABOVE PANIC LIMIT AREA (17094.04)
- TP 1: 12849.15 - 12231.24 (50-61 %)
- TP 2: 10442.74 (100 %)
ADDITIONAL CONFIRMATIONS:
-APPLE Stock on same situation.
US100 Long Rises Higher to 15200zone,the possible correctionHi traers.
We will make a possible correction soon, as mentioned on the chart.Please scrol bac the chart above and watch and read it closely.
The Bulls are getting ready for a profit taking after CPI data on tuesday latestly after friday this week.
This happens of 2 reasons:
The bears on the top are waiting at the low voluem areas
The bulls will protect some of their winners and start to distribute
on the supports I have marked with price lables and green arrows
The RSI is stablishing a divergence , not completed yet.
The trend is definitly and absolut bullish,but we will have this necessary correction and after that a possible sideways range(Bullish range) ,in summer time, as many traders will start their holidays.
Technically the trend is healthy.
Please condsider this with proper money mangement and stop limits.
Kind regards,
Dave Brasco
Nasdaq: Price levels and price pattern analysis Today's focus: Nasdaq /NDX100
Pattern – Ascending Triangle
Possible targets – 15,600, 16,500
Support – 15,000
Resistance – 15,220, 15,250
Today we are looking at the Nasdaq/NDX100 as price sits in a continuation pattern just below key resistance. This is an interesting set-up as we have key US inflation data coming out today, and interest rates remain a hottish topic. We have broken down the price action and pattern in today’s video and how this connects to the CPI data.
There’s no guarantee that a drop will drive buyers onward, but it could also be a driver that continues buyer momentum and could set up a new test and break of the pattern. We will be watching the core figure as it’s been the most stubborn of the three. Y/Y is expected to drop to 3.1% and the Core to 0.3%.
The CPI data is due at 8:30 am ET / 10:30 pm AEST.
Have a great day and good trading.
Nasdaq crash by🗻Double Top Pattern🗻Nasdaq is moving near the 🔴 resistance zone(15,385-$15,160) 🔴, and the formation of an Exhaustion gap can be a 💡 Sign 💡 of the end of the upward trend of the Nasdaq these few weeks.
Also, due to the Regular Divergence(RD-) between two consecutive peaks, the possibility of forming a 🗻 Double Top pattern 🗻 is very high.
🔔I expect the Nasdaq to fall to at least the 🟢 support zone($ 14,060-$ 13,610) 🟢 after breaking the uptrend line and neckline .
Nasdaq 100 Index Analyze (NDXUSD), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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Brief Summary of the Q1 for the Stock MarketThe graph of popular stock indices shows that since the beginning of the year, the Nasdaq index has managed to achieve the best result (almost + 40%), while the FTSE shows itself worse than others (about 0%). What are the reasons behind that?
The Nasdaq (NDX 100) is bullish because the index:
→ comprises tech stocks that are rapidly rising in value amid the AI-related hype. Businesswire writes that the AI industry will grow by +40% every year until 2026;
→ is less affected by concerns about bank failures in spring 2023.
The FTSE (aka UK100) is bearish because technology companies that can benefit from AI development are not heavily weighted in the index, but commodity companies are relatively heavily weighted, and the price of oil has decreased by about 13% since the beginning of the year. High inflation rates in the UK also add to the negative. The FT writes about doubts that the Bank of England will be able to curb it.
It is likely that inflation, high central bank rates (which lead to bank failures) and the boom associated with AI will continue to be relevant topics to some extent in the second half of 2023.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NQ1! NAS100USD NASDAQ 2023 JULY 04CME_MINI:NQ1! NQ1! NAS100USD NASDAQ 2023 JULY 04
On the daily chart, we see potential trend changing weakness lining up.
Market tested previous high, and stalling around the 14520 level.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = long on retracement
2) Short on test and rejection of recent high / lower high
3) if market forms lower highs, prepare for short
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15440 14850
14089 13350
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close toward high | Up trend
Daily: UT + Lower vol ND up bar = PTC weaknesses lining up.
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
NASDAQ Two sell opportunities and a common buyNasdaq hit the MA50 (4h) today and crossed over the short term Channel Down as well, but the candle closed back inside the Channel and under the MA50.
This is a sell indication and unless it closes above it, we expect a test of the MA200 (4h) given the fact that the MA100 is already broken.
Trading Plan:
1. Sell on the current market price or at Resistance (1).
2. Buy on the MA200 (4h).
Targets:
1. 14550 and 14600 respectively (hit on the MA200 4h).
2. 15285 (Resistance 2 and Highs of March 29th 2022 and more recently June 16th 2023).
Tips:
1. The RSI (4h) is on a Rising Support, indicating a Bullish Divergence in contrast to the price's Channel Down. Attention is needed as this may indicate a bullish reversal for the index, so careful with shorting above Resistance 1.
Please like, follow and comment!!
Notes:
Past trading plan:
US Inflation Trading Opportunities Ahead US Inflation Trading Opportunities Ahead
The next two days' worth of trading could turn out to be particularly interesting due to the sharp drop in CPI expected on (US time) Tuesday as well as the market being (over?) confident that the Fed is going to pause its rate hiking cycle on Wednesday.
According to the CME Group's FedWatch tool, traders are factoring in a 74% probability of no hike. The inflation data released on Tuesday could further support the argument that inflation is decreasing. The consensus among analysts is that the consumer price index will reveal a drop in inflation to a 4.1% annual rate in May, compared to 4.9% in the previous month.
A 74% chance means that stakes on the no-hike should be significant enough that if the market is wrong, a significant correction could be on the cards. A 74% chance is far from certain, and we might see a replay of what happened in the Canadian Dollar a week ago, where the market was confident that the BoC would continue its rate hike pause but was surprised when it came through with a 25bps hike.
Assets to watch will be US indices, US dollar pairs, and gold. Last week, the S&P 500 achieved a significant milestone by gaining 20% from its October low. Meanwhile, the Nasdaq Composite has experienced an even more remarkable performance, soaring 33% from its lowest point in the past 52 weeks.
Optimism in these two indices might wane with inflation read above expectations (although the data is coming in too late to have a major impact on the Fed decision the following day).
US dollar trades against the GBP might be in play with UK-based economic data causing a bit of turmoil and uncertainty. The Pound has recently declined from its highest point in the past year, which aligns with a rise in the two-year bond yield, reaching its highest level since the market turbulence that followed Liz Truss's mini-budget announcement.
NQ1! NAS100USD NASDAQ 2023 JUNE 12NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = tighten stops on longs / wait
2) When additional weakness emerges = Short on test and rejection of recent high / lower high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend to be intact.
Price Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: 09 June ultra low volume S>D up bar
*NTC = Non-Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
NDX possible 5-wave impulseSimilar to my SPX idea, the NDX seems to be forming a 5-wave impulse off the back of the AI enthusiasm. I expect a bullish pullback to pull the index lower towards the 61.8% Fibonacci retracement level of $14,000 which will flip from a resistance to a support. A break below $14,000 will allow the index to slide into the support range between $13,500 and $13,700. A break below the 50-day MA currently at $13,330 will invalidate the 5-wave impulse.
In terms of technical indicators, the daily RSI is heavily overbought which supports the notion of a pullback towards the support range. The daily MACD is holding a strong buy signal, but it is showing signs of rolling over.
nasdaq updateI was really waiting for the market to go from the minimum numbers to the correction of the E wave, but this wave has reached its maximum numbers, which shows that the next correction wave is more time-consuming, but there is great power in the next upward wave.
I think this week we will see maximum numbers in the index and there is at least 3 months of correction ahead. Although there is a high probability this will be
Continue until the end of 2023