NASDAQ 100 CFD
Daily analysis and trade setups on NASDAQ 20220802*** Tradingview has hidden my analysis for August 1, 2022 because it contained a link to my twitter profile. ***
This is likely to be relatively quiet day unless some news appears. Europe is on vacation & US is slow. Resulting in low volumes and jumpy ticks.
Even with yesterday's candle, the bulls are firmly in-charge. As far as 12265 is maintained, it can go on to test 13230. Breaking that will open up 13900 and then 14581. But this is more in hourly/daily TF.
For today, 12830 is anchor line. Buy above, sell below.
Macro: US Fed Evans Speech
Buy
Break: 12860, 12890, 12900, 12960, 13040
Reversal: 12800, 12760, 12680, 12570
Sell
Break: 12810, 12775, 12700
Reversal: 12980, 13100, 13260, 13400
Green Goblin Fib levels are here >>
Confluence Fib levels are here >>
Daily analysis and trade setups on NASDAQ 20220729Happy Friday & Happy End of the Month Day
NASDAQ is firmly in a position to continue rally provided it continues to HH/HL above 13050
The point to note is that this is the last trading day of July 2022
Macro: Core PCE, PI + PS, Chicago PMI & Michigan CSI
Buy
Break: 12950, 13050,13110
Reversal: 12770, 12670, 12590, 12430, 12270
Sell
Break: 12800, 12640, 12580, 12475
Reversal: 12950, 13060, 13125, 13220, 13415
Fib levels are here >>>
TI Fibs Confluence levels are here >>>
Nasdaq100 NDX Monthly Close Snapshot
Nasdaq100 index has rallied 12.55% in July to record the best monthly performance since April 2020.
Moreover, bulls have formed a monthly bullish engulfing candlestick - above the 100-EMA support region - to be confirmed by a higher open on Monday.
The positive sentiment is still intact to be challenged by 13,000 - 13,490 supply area.
ETHThinking something like this. The tech sector NDX can run back to 13,500 so assuming that possibility ETH will likely follow. I recently posted my NDX chart and it looks almost exactly the same as ETH. Falling wedge overthrow and reclaimed the bottom TL. Now the top TL is a target for the bulls with the momo that they currently have.
SPX 500 2008 AND 2022 🤔📉History does not repeat itself, but it rhymes.
Over time we have seen how there are economic recessions every 8 years to 15 years.
The US reported 2 negative quarters which is already a technical recession but the FED tries to hide it with yesterday's news (July 27, 2022), there are still key dates to potentially short almost everything including BTC, CRYPTOCURRENCIES, STOCKS and INDICES. The key dates to keep an eye on the market are:
1. August 5 (NFP) - August 10 (Annual Inflation).
2. September 1 (Non-agricultural employment change).
3. September 21 (FED Open Market Committee Economic Projections).
The economic downturn is here, so Meta must do more with less - Mark Zuckerberg (Wednesday, July 27 in the "Meta Platforms" erning report)
NDX is painting the biggest Head and shoulders in Nasdaq History This pattern getting painted filled with false hope of people thinking the damages from QE since 2008 and the Pandemic printing are over is very alarming if it plays out.
It was terrible enough seeing people lose fortunes / life savings during the recent collapse of the simpleton's running VC funds with insane leverage without telling people where their funds was, I caught onto this with Luna and a some lending platforms but not many people listened due to euphoria of price only go up.
Now the global economy is about to retract due to governments not supporting supply side of the business cycle and only creating demand via printing causing inflation and more poverty (due to businesses failing to meet profits causing less staff and a deflationary death spiral), this is magnitudes larger than what happen in the crypto space and what happen in 2008 combined with 2000. If this market starts to turn bearish and margins are not met, money that does not exist starts to get claimed, defaults start to happen, panic starts to happen.
Now is a great time to re evaluate where your funds are, are they safe from bail in inflation? are they protected from bail outs?
The federal reserve has one plan and one plan only.
• Raise reward rate for reverse REPO (Build a functioning bail out dam that can be literally controlled released)
• Raise Interest rate's collapse the bubble in all major markets (hoping to contain the current inflation outbreak)
• Panic mode but here's where the FED will step in and start to reduce the reward rate to ZERO
• Money starts to flow back into normal markets as any money still in the RRP will be earning nothing
• Majority will flow into US 20 year bonds causing the yield to collapse, funding the government, THIS is what JAPAN is counting on happening as they're directly involved, they hope to be able to make up for their unlimited bond purchases by selling US Government bonds at a premium
• Some money will start to flow into all equity markets from Government funding new infrastructure, and money going directly into markets from the RRP
• The will be all unfolding when the RRP award rate starts to fall do not focus on reserve rates
• All of this to reset the biggest bubble in history that will clearly put the world into a deflationary spiral to avoid needing to hyperinflate right now, everything I just explained is essentially to avoid hyper DEFLATION the big money from the QE / Stimulus is sitting in the RRP like the FED wants to be ultimately unleashed like the Three Gorges Dam during or after the collapse of the global economy
ALERT - - - - - - - IF this does not work to restimulate markets and there is still deflationary pressure the global reserve banks will be forced to start printing more money than you have ever thought possible think hundreds of trillions, the thought of hyperinflation will be accepted if the world is in a hyper deflationary death spiral this could genuinely end our human species due to quality of life dropping dramatically
Everything is happening now because of the absolute stupid decision idiotic insane unthinkable theory to start a program of unlimited QE and stopping the bust of the the natural boom and bust cycle filtering out all the bad actors, avoided the bust for what? everlasting inflation that the average person cannot outrun and start a family and population decrease is starting to happen. .
Good luck people -
Daily analysis and trade setups on NASDAQ 20220728Happy GDP Day
NASDAQ has turned bullish in the short term. However, it needs to keep moving above 12530 and then break 12590, 12670 to confirm the bias
Macro: Personal consumption expenditure, GDP, jobless claims
Blue levels B & C are largely in play.
Buy
Break: 12550, 12590, 12670, 12800
Reversal: 12420, 12380, 12280, 12200
Sell
Break: 12480, 12435, 12370
Reversal: 12590, 12680, 12700, 12810, 13020
High level chart is here >>
Green Gobliins chart is here >>>
Confluence level chart is here >>>
NASDAQ.. A Long Awaited Recovery?Markets have been bleeding since the beginning of 2022... According to the US Government and Federal Reserve we are currently not in recession. A strong labour market continues to hold up the economy, but will it continue or are we just delaying the recession expectation?
NASDAQ Generational Buy Opportunity. The 14 year Channel held.Nasdaq (NDX) is coming off a (near) hit on the 1W MA200 (orange trend-line) last month and the rebound is now closer than ever to test the 1W MA100 (red trend-line) for the first time since April 05, where it was emphatically rejected. This is something that we outlined on our previous NDX analysis that was on the 1D time-frame:
This time we present an analysis based on the 1W time-frame and longer-term parameters as the index not only prepares for this quarterly bullish break-out but with its current monthly rally it holds historic Support levels.
First of all, as the chart shows, the index has been trading upwards (on the log scale) within a 14 year Channel since the 2008/09 Subprime Mortgage (housing) Crisis. As mentioned, it held the 1W MA200 which has never been crossed below since the weekly candle of June 28 2010, but as you see it formed a clear Bullish Cross on the 1W MACD. We've discussed the importance of such crosses in previous posts but for Nasdaq in particular, when that took place around the 0.0 MACD mean (especially from the 2018 volatility period and after), it has been a tremendous buy opportunity, especially when coupled with a break above the 1D MA100.
We can therefore claim that a 1D MA100 break is the last Bullish Confirmation signal on a multi-year scale that validates the start of the near rally within the 14 year Channel, even though some would argue that technically the last Resistance to beat would be the 1W MA50 (blue trend-line)/ 1D MA200 cluster. But for this long-term model, the 1D MA100 seems good enough for a confirmation signal.
For illustration purposes, I've plotted every candle series that after approaching the 1W MA200, broke above the 1D MA100 and (naturally) kick-started a rally (including of course that after the 2009 bottom). It is interesting to see that if repeated, all of them can make an All Time High (before correcting) much above the previous market High, with the exception of the shortest 2019 rally, which would stop just above the previous All Time High.
Note that those are for projection purposes for sure and nothing more as the index may follow a completely different path this time, but interesting as illustrations indeed. Do you think the Channel will hold and guide the price to new ATH?
P.S. As always on long-term log Channels, we've incorporated the -0.236 and 1.236 extremes, which in the case of Nasdaq match almost perfectly the March 2020 (irregular) Black Swan event that broke for just one week below the Channel.
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Daily analysis and trade setups on NASDAQ 20220726NASDAQ is likely to range between Blue zone B & D waiting for FOMC tomorrow.
Macro: Housing price index, consumer confidence, new home sales (all before market open)
Looking for #scalper #trade #setups only
Blue zone B, C, D are in play
Buy
Break: 12375, 12480, 12590
Reversal: 12220, 12100, 12060, 11990, 11800
Sell
Break: 12220, 12130, 12050, 11990, 11920
Reversal: 12370, 12480, 12590, 12670, 12810
Chart with Green Goblins here >>>
Chart with confluence here >>>
NAS100 USD NQ1! NASDAQ 2022 Jul 25 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 25 Week
Last week's long on retracement preference worked well.
Market is now testing previous supply zone.
Temporarily weakness for short opportunity may be expected.
If you see price loitering at the upper end of the rotation range,
there's a potential for a breakout.
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
Weekly = Ave vol up bar close off high = minor weakness
Daily = Ave vol down bar close off low = minor weakness
+ engulfing bearish reversal candle = S>D
H4: UHV down bar followed by up bar = strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442
12262 - 11348 rotation zone
11800 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NasdaqI think we are in an ending diagonal within the primary 4th wave position. Inside of the larger intermediate ABC.
LTF daily chart looks like we have lost the lower TL of the ending diagonal in what should become an overthrow on the weekly TF.
Currently working on the Z wave which is the strongest wave of the WXYXZ pattern which usually sends the price up or down depending on whether or not the WXYXZ pattern is bullish or bearish.
After wave Z a strong reversal hits. This is what my chart implies.
Nasdaq100 in the face of a major resistanceNASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary.
A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.
Daily analysis and trade setups on NASDAQ 20220721NASDAQ is likely to consolidate between 12300 and 12700 levels unless PMI data or Friday golden hour breaks one of the sides
Blue level B & C as well as mega level Brown B are in play
Break below 12400 can go as low as 11950
Break above 12650 can go as high as 13060
Buy
Breaks: 12600, 12650, 12710, 12790
Reversals: 12460, 12375, 122215
Sell
Breaks: 12500, 12465, 12350
Reversals: 12700, 12815, 12910, 13030
Chart with Green Goblins here
Chart with confluence zones here
Daily analysis and trade setups on NASDAQ 20220721NASDAQ remains bullish above 12300
Buy levels
Reversals: 12390, 12200, 12160, 12040
B/O:
12520, 12590, 12700
Sell levels
Reversals: 12530, 12590, 12670, 12820
B/D:
12370, 12230, 12170
Macro news: Initial jobless claims
Green goblins are in this chart:
Daily analysis and trade setups on NASDAQ 20220720We are in a consolidation zone between 11989 and 12452. Break on either side and continuation will decide the next phase of the trend
Current short term bias is careful bullish
Buy continuation from 12250 for 12485, then 12600 and Blue level B at 12670
Also, buy reversals at 12150, 12915 and 12675
Sell rejections at 12485 or 12600 and, of course, Blue level B at 12670
Also, sell breaks and confirmation below 12200, 12910 and continue holding sales below that
Blue levels B, C, D , E, F in play today
Detailed green level chart is here >>>