Sell the early optimism in NASDAQ.NASDAQ - Intraday - We look to Sell at 12837 (stop at 13028)
Daily signals for sentiment are at overbought extremes.
A lower correction is expected.
A move higher faces tough resistance and we remain cautious on upside potential.
Preferred trade is to sell into rallies.
Our profit targets will be 12406 and 12300
Resistance: 12840 / 13600 / 16500
Support: 12400 / 11500 / 9000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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NASDAQ 100 CFD
NASDAQ Broke above the 1D MA50, targeting the 1D MA200 next!The Nasdaq Index (NDX) broke today (futures) above the 1D MA50 (blue trend-line) and that was our condition that we set as requirement on our previous analysis in order to avoid a new sell-off:
With the 1D RSI on such a strong rise similar to those of June 16 and January 25, if the 1D candle closes above the 1D MA50 today, we expect at least a short-term rally targeting the 1D MA200 (orange trend-line), which has been always hit since the start of the year on similar rebound sequences (Feb 01, March 29).
On the longer-term, the index needs a break above the 1W MA100 (grey trend-line) in order to enter into long-term Bullish Territory, as it was that line that rejected the August 16 High. On the other hand, we are willing to take a sell again only below the 11930 Support, in which case we will target the 1W MA200 (red trend-line), which is the ultimate long-term Support.
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Daily analysis & day trading setups NASDAQ NQ_F NDX 08 Sep 22Happy Thursday,
See some weird stuff on the chart at the end of this idea
An interesting finding/question today - will NASDAQ remain between 11490 & 12940 till November elections?
In case of extreme moves beyond buying & selling levels
↗️ Upside key levels: 12 374, 476, 670, 801, 948, 13 014
↘️ Downside key levels: 12 213, 136, 052, 11 927, 843, 760, 697, 606
Macro EU ECB Monetary Policy Decision, Lagarde Speech, US Jobless Claims, Fed Powell Speech, CAD BoC Rogers Speech
Buy
Break: 12 267, 369, 467
Reversal: 12 204, 128, 11 988, 888
Sell
Break: 12 216, 144, 013
Reversal: 12 302, 383, 488, 460, 650
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
This chart shows a specific range I have selected and you can see how price behaves at each fib level. Crazy stuff. You don't need a plan to trade this.
NASDAQ Thinly supported. Needs a 1D MA50 break to avoid sell-offThe Nasdaq (NDX) index had a strong rejection these past 4 weeks exactly on the level we projected on our idea on August 04:
Right now it is trading below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line), which were its short-term Support levels and have now turned into Resistances as each have rejected upwards break-out attempts at least once.
Being on the 0.236 Fibonacci retracement level and based on the RSI (1W time-frame), which just hit its MA line (yellow), NDX appears to be in a similar level its was during April 11 - 20. This consolidation led lower when its Support broke and dropped first to the previous Low (0.0 Fib) and then to Lower Lows on the -0.382 and -0.5 Fibs respectively. As a result, if the current Support breaks, we expect the 1W MA200 (red trend-line) to be tested, which is slightly above the 11040 Lot of June 16 and depending on the market conditions at the time (which we will surely update on), the 1W MA300 (yellow trend-line), which is slightly above the -0.382 Fib.
On the bullish case, if the price breaks above the 1D MA50, consider it a buy break-out signal and target the 1W MA200 (orange trend-line).
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Daily analysis & day trading setups NASDAQ NQ_F NDX 06 Sep 22Happy Tuesday, Happy PMI Day,
Line in the sand is 12 100. Loss of 135 > 100 > 43 > 07 will open up 11 850
On the upside, 233 > 296 > 373 > 430 will open up 800 although upside resistance is now all piled up with WMA20 < DMA 100 < 10 < 50 < WMA10
Macro US S&P PMI, ISM Employment Index, New Orders Index, Services PMI, Services Prices Paid
Buy
Break: 12 215, 296, 400
Reversal: 12 126, 042, 11 990, 870, 748
Sell
Break: 12 135, 061, 007
Reversal: 12 234, 325, 424, 522
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
#NASDAQ100 #NDX Elliott 5th Corrective wave is on the play4 corrective waves succesfully done and now proceed to 5th wave. Probable targets are given on the chart. This was the most important part, the technical analysis. Neither global conditions (EU Energy crysis, war threats, inflation and covid rise), neither astrologic conditions (Jupiter retro will not leave 23 - 28th Oct) doesn' t allow a real bounce. And #dollar index $DXY is growing and EUR is weakening. It' s time be most careful. After the 5th wave dip, an ABC bounce is expected. Not financial advice. DYOR.
Nasdaq to continue bearishAugust closed with a very strong bearish candle with price failing to break 12991 area a very strong area of resistance. The price is now continuing to move down to previous lows of 11391, where if broken will create a new lower low. Keep a eye out for my analysis on the lower timeframes.
US100Hi Everyone,
Just to share a near term forecast for September month. To summarise:
-Short-term bottom expected around 11.6-11.8k range to complete Wave I of C, with the completion of wave v.
-Expect a correction to at least 12.4k to complete Wave II of C.
-New lows expected with Wave III and V of C, thereafter.
This analysis is invalidated if prices exceed wave i (12.8k).
Good luck!
NAS100 USD NQ1! NASDAQ 2022 SEP 05 Week
NAS100 USD NQ1! NASDAQ 2022 SEP 05 Week
Last week Scenario 2 short at rejection of 12735 worked well.
Market is temporarily supported at 12017. 3 TF analysis showed
minor demand,
Possible scenarios:
1) Temporary long opportunity if 12018 is supported
2) Short on retracement / rejection at channel's supply line /
rejection of 12442, 12018
Weekly = High vol down bar close of low = supply, with minor demand
Daily = High vol down bar close off low = minor demand
H4: Ultra high vol down bar close at low, next ave vol up bar = minor
demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735 12442
12018 11620 11348
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Daily analysis & day trading setups - NASDAQ NAS100USD 20220831Happy month end, Happy Midweek, Happy Wednesday,
So finally we are ending a volatile month.
NASDAQ is making bear flag after bear flag and breaking down since 13 530. Today, we are breaking down from another bear flag. However, the drops are becoming smaller.
The line in the sand for the day is 13 438.
If we break 12220, it will open up for 11925. Break out of 12475 with further move above 12670 will signal change in direction.
REMEMBER it's a mid week month end.
Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI
Buy
Break: 12 385, 435, 460
Reversal: 12 345, 300, 256, 230, 205, 157, 118
Sell
Break: 12 350, 325, 300, 256, 230, 141
Reversal: 12 382, 406, 447, 500, 560
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
update nasdaq After a big correction in the form of a neutral triangle as wave a of a flat , we entered a neutral reverse triangle, which is the initial branch of wave b of the mentioned flat. After several fluctuations in the form of a (probably) triangle, we will enter wave c with targets above 14,000, which can be a good profit for traders.
Daily analysis & day trading setups - NASDAQ NAS100USD 20220829Happy New Week, Happy Monday,
BE CAREFUL. NASDAQ is now stacking up >>> DMA200 > DMA10 > DMA100 > DMA50 > Price Action
Line in the sand today is 12590 but headwinds are strong. If DMA50+100 holds, there is chance of immediate recovery. Otherwise, break of 12380 will open up 12 280, 11990 and even 11695.
Macro Macro ECB Lane Speech, US Fed's Brainard Speech
Buy
Break: 12 475, 545, 583, 670, 795
Reversal: 12 380, 282, 205, 120
Sell
Break: 12 400, 300, 215,
Reversal: 12 547, 605, 700, 815, 900, 13055
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220826Happy Friday,
Line in the sand for NASDAQ stands at 13026 but the level to watch now is 13228. Break of that level and then 10 DMA at 13295 will mark a new start. JP will make or break this. That's the reason it has only moved 25% of the range so far.
Macro US Core PCE , PI/PS, Powell Speech, Michigan Cons. Sent. Index
Buy
Break: 13 095, 150, 180, 230, 300
Reversal: 13 030, 12 950, 910, 860, 830
Sell
Break: 13 070, 015, 12 990, 950, 890
Reversal: 13 130, 150, 200, 260, 310
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220825Happy Thursday, Happy GDP Day,
NASDAQ has created a nice double bottom + HS pattern with a breakout this morning from 12990
There are still a couple of levels to clear at 13075 and 13110 before bulls aim for 13230 again. Bears want to bring it below 13k to start with
Macro EU ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 050, 085, 125, 160, 230
Reversal: 13 030, 13k, 12 930, 885
Sell
Break: 13 035, 12 980, 950, 895, 840
Reversal: 13 100, 180, 230, 320
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220824Happy Mid Week, Happy Wednesday,
NASDAQ has created a lot of headwinds at 12890, 12940 & 13040. However 12800 is standing like a rock at the moment. Will it hold?
12800 is our line in the sand
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 12 880, 940, 13 010, 050
Reversal: 12 780, 670, 580, 520, 470
Sell
Break: 12 800, 670, 590
Reversal: 12 885, 950, 13 020, 075, 110
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups on NASDAQ NAS100USD 20220823Happy Tuesday, Happy PMI Day,
NASDAQ is now sandwiched between 10 DMA at 13 374 & 100 DMA at 12 659. Headwinds are getting stronger for NDX since it has broken below June 3 high. Bears want to bring it below 12 700 to regain control and bulls would like to push it back above 13230 to continue rally.
Welcome to an unstable market. Those who are old enough to have experienced or wise enough to have studied the market of DOT COM burst will know exactly what I am talking about
Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales
Buy
Break: 12 940, 13 010, 090
Reversal: 12 875, 790, 670, 580
Sell
Break: 12 885, 800, 695
Reversal: 12 960, 13 020, 110, 230
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week
NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week
Last week's weakness and previous supply came in, manifesting in
Scenario2 short opportunity. Market closed at demand line.
Diminished volume informs us of low market participation, as such
whipsaw action may be expected. Trade with caution.
Possible scenarios:
1) Channel support for long opportunity
2) Short if channel support becomes resistance
Weekly = Ave vol down bar = minor weakness + UT
Daily = Ave vol down bar close off low = minor strength
H4: Narrow spread UHV bar close slightly off low = Strength coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14350 13580 12948
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.