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 >>>
NASDAQ 100 CFD
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
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Have a profitable trading week ahead.
Daily analysis and day trading setups on NASDAQ NDX 20220816Happy Tuesday,
Wisdom: The greatest secret of a successful trader is letting market be what it is instead of what you think it should be, and then make the best of it. So stop fighting for bulls or bears and make money.
Line in the sand today is 13646. Bulls want to keep it above that and go on to break 13680, 13710 & 13740. Bears are looking for 13590, 13560 & 13530.
Macro EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13680, 13735, 13820, 13955
Reversal: 13595. 13530, 13450, 13295
Sell
Break: 13600, 13540, 13470
Reversal: 13695, 13745, 13840, 13895, 13960, 14030
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on NASDAQ NDX 20220815Happy Monday, Happy New Week,
Nasdaq is technically in bull control. The line in the sand is 13450.
Macro Nothing of significance today
Buy
Break: 13560, 13650, 13740, 13825
Reversal: 13450, 13370, 13265, 13180, 13110
Sell
Break: 13470, 13380, 13290, 13200
Reversal: 13570, 13660, 13750, 13840, 13930
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Nasdaq100 index weekly viewNasdaq100 index closes up 2.1% last week for the fourth positive week in the longest streak since November.
The index closed on the daily timeframe on Friday above the200EMA (13,412) for the first time since early April, and above the 50EMA (13,486) on the weekly timeframe for the first time since late March.
The index may extend its rally into next week testing 13,980 - 14,300 resistance levels.
Daily analysis and day trading setups on NASDAQ NDX 20220812Happy Friday,
Line in the sand for NQ_F today is 13300. Bulls want go above 13380 and bears to go below 13230. These 150 pts may end up deciding this battle.
Macro US Michigan Cons. Sentiment Index
Buy
Break: 13380, 13430, 13500/20, 13580
Reversal: 13300, 13200, 13110/085, 13030
Sell
Break: 13300, 13210, 13125/095
Reversal: 13380, 13450, 13510/40, 13600, 13670
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
EURUSD To Potentially Fall After US Core CPI SpikeThe result of today's US Core Cpi data both monthly and yearly:
(Core CPI (MoM) (Jul)
Act: 0.3% Cons: 0.5% Prev.: 0.7%-
Core CPI (YoY) (Jul)
Act: 5.9% Cons: 6.1% Prev.: 5.9%)
showed a strong sentiment of bearishness in regards to the US dollar. Monthly data showed decreasing inflation from the previous month's data and also was less than expected. Yearly data showed inflation flattening out and also was less than expectations. Across the whole foreign exchange market and main pairs the dollar fell short. There are some good opportunities today for a day trade for pairs such as EURUSD, GBPUSD, AUDUSD, NZUUSD shorts, and USDJPY, USDCHF, USDCAD long positions. There should be a market correction after the big US dollar sell off. I will be looking for a 4 hour short on EURUSD and long for USDJPY soon, along with the other currency pairs mentioned.
In regards to the stock market, the S&P500 and NDX100 saw big gains and should continue to see bullishness with inflation decreasing. This is beneficial for the stock market. Meta saw shares rise today increasingly. $EUR/USD$ $S&P 500$ $Nasdaq 100$
Ilyas Khan Top1 Markets
NDXZooming out, NDX looks strong, as per EW rules the 5th wave must match the 1st wave in both time and %.
That said fomo can obviously send the 5th much higher and also terminate the trend earlier.
But for now in respect to the fact that EW is not a crystal ball ,
I would say that since I am counting the 4th wave finished on the week June 13th 2022 the bulls have until July 2023 to finish the 5th wave at my projected target of 18,600.
(not accounting for any Fomo)
Also I expect a correction soon back to 12,300 or there about to make the LTF daily chart W2.
Daily analysis and trade setups on NASDAQ 20220810Happy Midweek, Happy CPI Day,
As mentioned in the analysis yesterday, bears did try to bring NDX below 13k. Bulls have bearly (barely 😇) managed to push it back > 13k.
Line in the sand today is 13070 for NQ_F
Macro: US CPI
Buy
Break: 13060 13180 13265 13325
Reversal: 12995 12930 12850 12790 12720 12940
Sell
Break: 13010 13945 13875 13800 12735
Reversal: 13200 13280 13340 13390 13455 13570
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and trade setups on NASDAQ 20220809Happy Tuesday,
Macro : US Nonfarm Productivity, Unit Labor Costs
NDX is making rounds in the zone waiting for either leak of CPI today and/or official CPI tomorrow
NQ_F's line in the sand today is 13260. Bulls want to go above 13380 and bears want to push it below 13k handle.
Buy
Break: 13225, 13350, 13435
Reversal: 13090, 13000, 12930, 12860
Sell
Break: 13115, 13020, 12950
Reversal: 13240, 13375, 13450, 13535, 13610
Green Goblin levels are here >>>
Fibonacci confluence levels are here >>>
Daily analysis and trade setups on NASDAQ 20220808Happy New Week, Happy Monday,
Nothing significant on economic calendar today.
With academic vacation & summer in full swing, markets may range unless some geopolitical development happens.
Line in the sand is 13180
Buy
Break: 13260, 13350, 13420
Reversal: 13170, 13110, 13040, 13900, 12820
Sell
Break: 13180, 13120, 13050
Reversal: 13300, 13360, 13440, 13520, 13580
Green Goblin levels are here >>>
Confluence fibs are here >>>
Imminent pullback on the $NDXNobody knows where the market is going... but, the $NDX is at the top of its mid-term bearish trend (White line) and at the top of its short-term bullish trend (Yellow). Lot of space for a pullback. After that? I hope to have a higher low and return to a bullish mid-term trend.
Short Squeeze is over in price scaleIt seems the condition of market is peculiar. Invert of yield curve and data from CALL/PUT ratio signal bearish state to the market. furthermore Technically it was the first leg of downtrend. There will be time squeeze for positions to bring back balance to the market.
NASDAQ close to entering back to the bull marketNasdaq (NDX) extended the uptrend following the two clear break-out buy signals given by the 1D MA50 (blue trend-line) and the 1W MACD Bullish Cross, as we outlined on our previous analysis 3 weeks ago:
Perhaps the most important development since then is the closing above the 1D MA100 (green trend-line) which last time rejected the price (March 29) and formed a Lower High on the long-term Channel Down. This doesn't turn the trend bullish long-term. It remains bearish unless we break above the 1D MA200 (orange trend-line), which isn't that far off. It was that and the 0.618 Fibonacci retracement level (13666 currently) that along with the 1D MA100 rejected the uptrend on the previous Lower High.
As a result a sell there with a tight SL on the 1D MA200 can be justified, targeting the 1D MA50 on the short-term. On the other hand, a close above the 1D MA200 should be considered a buy break-out signal, which can target the 15300 March 29 High.
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Daily analysis and trade setups on NASDAQ 20220804Happy Thursday & Happy BOE day
Momentum is bullish. We trade candles and not predictions. It doesn't matter what economic outlook is bearish if the Mr.market wants to go up.
13200 is our pivotal line in the sand. Buy above and sell below to get rich slowly.
Macro: ECB Elderson Speech, GB BOE (everything), US Trade Balance, Jobless Claims, Fed's Mester Speech
Buy
Break: 13340, 13400, 13490
Reversal: 13200, 13120, 13050, 12990
Sell
Break: 13210, 13130, 13060, 13000
Reversal: 13340, 13390, 13490, 13550, 13640
Green Goblins chart here >>>
Confluence level chart here >>>