NASDAQ 100 CFD
NAS100 USD NQ1! NASDAQ 2022 Jul 18 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 18 Week
Last week's rotation trading strategy was good // Rotation 11348 - 12262 (900pt range)
There's slight increase in bullish vol and reduction in bearish vol.
Apart from rotation strategy, preference, will be to long on retracement.
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 up bar close at high = minor strength
H4: Very high vol up bar, narrow spread followed by very narrow spread average volume
up bar = weakness
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.
NAS100 USD NQ1! NASDAQ 2022 Jul 11 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 11 Week
Last week initial boundary for rotation was set 11348 - 12262 (900pt range) when
the minor strength on all 3 TFs manifested in market testing recent high.
I will keep last week's scenario plan in place.
After last week's bullish effort, market may pause and test 11800 / 11348 levels.
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 up bar close off high = level close + narrower spread at higher vol
= weakness
H4: UHV up bar close off high = weakness
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.
NASDAQ hit the 1D MA50, 1st time since April 21.Nasdaq (NDX) hit yesterday its 1D MA50 (blue trend-line) for the first time since April 21 on a near June 27 High test, which is the current Resistance. We are basically expanding on our idea posted 3 weeks ago:
It may have taken a little longer, but the price resumed the rebound it has been making since the June 16 bottom, which is exactly when we posted the buy signal on the index. Technically that made the new Lower Low on the multi-month Channel Down pattern, and this rebound is the sequence towards the Lower Highs (top) trend-line.
The break above the 1D MA50 sets an automatic target on the 1D MA100 (green trend-line), which is where the previous Lower High of March 29 was priced. A break above the Channel Down but more importantly the Resistance level of May 04 (13590), can give us an additional buy signal towards the 1D MA200 (orange trend-line). Notice how the 1D RSI sequences of the past two rebounds are similar.
A 1W candle closing below the 1W MA200 should be enough to kick-start a sharp fall to the 1W MA300 (yellow line, scroll the chart downwards to see).
--------------------------------------------------------------------------------------------------------
** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
--------------------------------------------------------------------------------------------------------
NASDAQ: BULLISH FALLING WEDGE PATTERN.Hello traders, today I am gonna share a NASDAQ update with you guys. This is my first ever update on NASDAQ and I am super excited to share this valuable information with you all.
Timeframe: 1 Day.
Description: Nasdaq is the second-largest stock exchange in the world. Nasdaq, which is an acronym for the National Association of Securities Dealers Automatic Quotation System, was established in 1971. The US-based exchange is also the first-ever electronic stock market in the world.
Update: Back in Nov 2021, when NASDAQ hit its ATH at 16767, we saw some drastic fall on NASDAQ. A straight -33.6% drop in the last seven and half months. NASDAQ has been under the falling wedge pattern for a while and in the recent move when NASDAQ got rejected from the resistance level of 12200 (Lower High), it did not make any lower low level, rather the candle closed above the previous lower low level (11068). This could be a sign of trend reversal where the falling wedge will turn into a rising wedge pattern.
RSI: The RSI on NASDAQ has been below the level of 50 for quite a while. It has been constantly getting rejected from the middle level of the RSI keeping NASDAQ under the oversold area.
Conclusion: If NASDAQ manages to reverse the trend then I expect a bullish rally to start soon. I am expecting a 60% rally if NASDAQ breaks above the resistance level. The yellow-colored lower trendline will be the invalidation point for NASDAQ.
Note: This chart is completely based on technical analysis. It is not a piece of financial advice. So, do your own research before investing.
What are your views on NASDAQ? Do you think NASDAQ is ready to make a bullish rally? Let me know your thoughts in the comments.
I hope this idea will be helpful to you. If you agree with this idea then do like and comment.
Thank you.
Last month of correction ?But in the Nasdaq monthly chart, there have been 6 months when every new candle is opened, we have a little high and it goes down again... This happened until the two Ichimoku averages cut each other and after that they stabilized.. I think this monthly candle of July will be the same way and we will see the opposite of this situation from the next candle... it will go from the bottom and back of the market.
So, we have to wait at least one more month to see the end of the overall market correction
Last month of nasdaq correction in July The triangle that I included in the previous analysis (contraction triangle) was replaced by a neutral reverse triangle, which was more logical because the post-pattern movement of a contraction triangle should have been a sharp drop, which is really unlikely to happen here. This neutral triangle is weaker and is more suitable for forming the last branch of the correction.
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week - Use This
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Simplicity is the ultimate sophistication.Simplicity is the ultimate sophistication. — Leonardo da Vinci
* None of what i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
Nasdaq 100 - A fake rally or a genuine one? On 21st June 2022, we abandoned our short-term bearish bias on the Nasdaq 100 index. Since then, the index has grown approximately 8%. However, we are again slowly turning bearish on the index as we think the current pricing starts to be attractive for short trade (re)entry. Despite that, we remain cautious and abstain from setting a price target for NQ1!. We will monitor the ability of NQ1! to stay above/below its 20-day SMA.
Fundamental factors
The negative factors like higher interest rates and economic tightening continue to persist. Moreover, in our opinion, these factors are poised to worsen as the FED officials are set to pursue more rate hikes and shrink the balance sheet. As a result, we expect that to drag the Nasdaq 100 index lower.
Illustration 1.01
The price retraced toward its 20-day SMA, representing a downtrend correction.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bullish. DM+ and DM- performed a bullish crossover. The ADX contains a relatively low value, suggesting the trend is very weak or neutral. Overall, the daily time frame is bullish.
Illustration 1.02
Illustration 1.02 shows simple support and resistance levels for NQ1!.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame stays bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ On a critical 1D MA50 test. Act depending on candle closeNasdaq (NDX) continues to trade within the long-term Channel Down that has helped us identify the trend and take low risk/ high reward trades over the past few months. Our position hasn't changed since our previous update 10 days ago:
The bottom and new Lower Low of the Channel was correctly spotted, and now the price is about to test the critical 1D MA50 (blue trend-line). In fact today's flat-red candle could be the same as the rejection one on March 21. A clear 1D candle close above it, should be enough to test the 1D MA100 (green trend-line) which was our medium-term target originally. Failure to do so can alter the similarities with the March fractal and push the price to the 1W MA200 (red trend-line), so in that case be quick to take profits if you followed us and bought on that bottom.
As mentioned previously, a 1D candle close above the Lower Highs (top) trend-line of the Channel Down should be treated as a buy break-out signal with the 1D MA200 (orange trend-line) as the target. Similarly, with the 1W MA200 being a significant multi-year Support, a weekly closing below it should target the 1W MA300 (yellow trend-line, scroll chart to see it below).
--------------------------------------------------------------------------------------------------------
Please like, subscribe and share your ideas and charts with the community!
--------------------------------------------------------------------------------------------------------
NASDAQ Potential Upside Breakout on the HorizonMany reasons to suspect a potential bullish breakout in terms of technicals as shown on the chart.
With regards to fundamentals, there's lots of rhetoric surrounding interest rate hikes sure.., but on the contrary inflation could very well be peaking.
In my belief the only reason US equities are correcting is due to the fact that the dollar is expected to gain in value which attracts less international investors thus converting currencies to invest in US stocks becomes of less interest. With that said, I could be wrong.. This is just what I observe.
--
Trade Safe - Trade Well
Regards,
Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc.
RISK DISCLAIMER
Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in Forex you should consider your knowledge, investment objectives, and your risk appetite. Only trade/invest with funds you can afford to lose
NAS100 USD NQ1! NASDAQ 2022 Jun 27 Week
NAS100 USD NQ1! NASDAQ 2022 Jun 27 Week
Last week NQ chose the path of history scenario3, when strength on
weekly bar exerted influence.
Possible scenarios:
1) Trendline Resistance for temporary short opportunity
2) 12442-12533: if price goes to this level on low volume, possible short
3) If market test lower levels 11745/11348 and finds support = long opportunity
Strategy for next week will be to long on retracement.
Weekly = Low vol up bar close at high = some weakness.
Daily = Ave vol up bar close at high = minor strength.
H4: High vol up bar close at high = strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 12140 12082
11745 11348 11068 10359
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Nasdaq 100 reclaims its May lows with positive moment divergenceThe Nasdaq 100 is one of many examples this week that saw a surge back over its May lows, with positive momentum divergence.
We're still in a primary downtrend, so nothing has changed from that perspective, however, with overall market sentiment in the dumps, squeezes like this can be quite extreme.
nasdaq has another correction to make it real deep !The Nasdaq index completes a diametric well, and is probably building an X-wave to enter another correction.
At the monthly time, the two Ichimoko averages should intersect at the end of each other to say that the market correction is completely over.
NDX 100 WARNING: ABC wave C may reach 10500 or even 9500Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling.
NDX Nasdaq 100 has been making a downchannel since it turned down after completing wave B @15265. The most probable support is at 10500, which is a 36% crash from ATH. 10500 (double my yellow box) is also a confluence of the 0.618 retracement from pandemic low to ATH & the weekly wma200 level. If 10500 fails then the pre-pandemic top @9500 will be the maximum pain, which is a 42% drop from ATH of 16764.
After ABC ends, the target levels for take profit will be 12k & 13k respectively indicated by blue arrows.
Not trading advice
Nasdaq100
The Nasdaq100 NASDAQ:NDX couldn’t hold above the support levels mentioned in our last report at 11376 points and opened the week with a gap below the significant 50%Fib. Level to open at 11472 points signaling that the bears are controlling the market backed by the bad news of the economy, then bears confirmed their control after the FED rate hike of 0.75 % last Wednesday to raise the interest rate to 1.75% and that will be reflected and affecting the earning results of the companies next month, breaking the 200EMA this week and closing below this level at 11265 points is the first confirmation of beginning a bear market on the medium term and may be the beginning of a downtrend on longer term.
The NASDAQ:NDX may witness a rebound to test the level of 11376 again and failing to penetrate this level or forming a lower high before even testing this level will be the second bearish signal for the index and that will lead the NASDAQ:NDX to more losses and we may witness panic selloff sessions, especially if the NASDAQ:NDX break the 10600 points level which is the most important and significant level on the medium term.
Investors with long positions are advised to use a disciplined risk management tools and activate the stop loss with all trades firmly
Investors with short positions are advised to use just 30% of their cash and use the trailing stop and the protective stop strategy
NASDAQ:NDX TVC:NDQ NASDAQ:QQQ NASDAQ:TQQQ AMEX:PSQ NASDAQ:SQQQ AMEX:SPY SP:SPX AMEX:SPXS TVC:DJI AMEX:SPY AMEX:DIA AMEX:DXD AMEX:DOG NASDAQ:IXIC
NDX - We might be heading towards 5000 by end of 2024Nasdaq 100 has been in a downtrend since last many months. I feel there is more downside, rather much more. I see may be in downtrend till late 2024 or early 2025 and it may fall till around 4,700.
We saw it took support of 200 EMA on Monthly at the time of DotCom bubble and again took support of 200 EMA at the time of 2008 recession. If we are heading towards similar times, it may again touch 200 EMA in next 1 - 1.5 years.
NAS100 USD NQ1! NASDAQ 2022 Jun 20 Week
NAS100 USD NQ1! NASDAQ 2022 Jun 20 Week
Last week was a week for the shorts. Nice short on test of gap, and previous support
11068 was tested. Some demand returned on Friday, especially salient on the weekly bar.
Support may push prices higher. I'll prefer to wait for price reaction to 11068.
Possible Scenarios:
1) Short if retracement to high price levels are on low volume, and then market continue to fall
2) Rotation between 11068-10358 (grey box): Trade at boundary (wait for signs of S/R)
3) History repeats
Weekly = Higher vol down bar close off low = demand coming in
Daily = Higher vol down bar close off low + ave vol up bar close
off high = minor strength
H4: UHV widespread Up bar + lower bar = Effort no result = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12442 11795 11068
10788 10563 10359
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.