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NASDAQ 100 CFD

Nasdaq - Channel has been broken, a possible downfall to follow!Yesterday, we stated that the rally was due to end and the bearish trend to resume. Then, a few hours later, the Nasdaq 100 index fell more than 5%. In the aftermarket, the selling continued; and in the early hours of futures trading, Nasdaq futures sold off as well. Then, the index (continuous futures - NQ1!) erased some of its losses and turned positive. At the moment, NQ1! trades around 11 920 USD. We expect a little bit of relief ahead of the U.S. market opening; however, our stance remains bearish, and we expect new lows in the Nasdaq 100 index. Therefore, we would like to set a new short-term price target for QQQ at 285 USD and the medium-term price target at 280 USD (it will become the short-term price target after hitting 285 USD). We think what highlights yesterday's selloff is that no significant headlines were made in the news, and despite that, the stock market fell by an astounding amount. Market participants can observe that anxiety and fear are extremely high, which leads to strong price actions to the upside. However, these bounces tend to last shortly and are quickly followed by massive selloffs. These are particular signs of the bear market. In addition to that, we would like to note the downward moving channel has been broken yesterday - which we expect to culminate in the acceleration of the selling pressure. Illustration 1.01 The picture shows NQ1! (Nasdaq continuous futures). It can be observed that buyers did not manage to push the price through the sloping resistance; a breakdown in the price of the index followed. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bearish again. DM+ and DM- are bearish too. A move up by the ADX suggests that the bearish trend has resumed. Overall, the daily time frame is very bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX increases. Overall, the weekly time frame remains 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
6
Nasdaq Analysis Hello everyone, Yesterday was a crazy day. We had moves of close to 700 pips. The price smashed through all the key areas and reached close enough to the monthly lows as analysed and expected. Where do we go from here now? So price is not only near the monthly low but also centre trendline. I will wait to see how price reacts around this area as it is a key area. If 11828 is broken then I would expect price to push down further to next level of 11687-11525. However price can also go back to 12132 area before coming back down. Over the last 6 months tech companies have not been doing very well and rising in interest rates have played a big part.
OANDA:NAS100USDShort
by Tradeofgrey
2
Nasdaq 100 - Dip buyers about to get obliterated Yesterday, Nasdaq 100 pushed above the immediate resistance we hinted at in our latest post on QQQ. We think the rally is due to end and the bearish trend to resume. Therefore, we would like to set a new short-term price target for NQ1! at 12 250 USD. We would also like to set a medium-term price target at 12 000 USD. Illustration 1.01 The picture above shows yesterday's bullish breakout on the hourly chart. In our opinion, this is potentionally a perfect bull trap. Although, we will pay close attention to the price action of NQ1!; if it manages to break above the immediate resistance then it is likely that NQ1! might experience the last push higher before faltering. Technical analysis - daily time frame RSI points to the upside, which is bullish; however, we expect it to break down and turn bearish soon (the same applies to other mentioned indicators). MACD strives for a bullish crossover. Stochastic is bullish. DM+ and DM- remain bearish, while ADX signals a pause in selling pressure. Overall, the daily time frame shows less bearish conditions than a week ago; although, we still maintain a notion that the current bounce in price is just a “downtrend” rally. Illustration 1.02 The picture above shows the daily chart of QQQ. Technical analysis - weekly time frame RSI and MACD remain bearish. Stochastic is bullish. DM+ and DM- signal the presence of a bearish trend. ADX grows which suggests that the bearish trend has not peaked. Overall, the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
CME_MINI:NQ1!Short
by Tradersweekly
2
NDX - Reversion to the mean - Now what...NDX - Weekly Chart This market has reverted to the mean in dramatic fashion. I've taken the liberty to label the waves as I have in an admittedly premature assumption keep that in mind. This is an area of confluence of time and price that should at least provide support, and at best become the launching pad for an advance to new highs? That seems impossible.... given what we know of monetary policy and other headwinds present at the moment. That being said... has the market fully digested these factors? ..... Time will tell.
NASDAQ:NDX
by oliverrathbun
2
NAS100 USD NQ1! NASDAQ 2022 May 16 week NAS100 USD NQ1! NASDAQ 2022 May 16 week Last week market continued down after the breakdown from 13025. Possible scenarios 1) Test and reject of 12543 2) Test and reject of breakdown area 13025-12895 Weekly = High vol up bar close off high = weakness Daily = Low volume up bar closing toward high = minor strength H4:Very high vol up bar close toward low followed by average vol up bar close off high = weakness Price reaction levels: Short on Test and Reject | Long on Test and Accept 14729 14365 13587 13025 - 12895 12543 12130 11690 11100-11068 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
2
Nasdaq100 inverse Head and Shoulders Chart PatternNasdaq 100 P/E ratio on May 12, 2022 was 20.71, which is below the Median of 26.59 or the Average of 30.04. In the past 5 years, the Minimum was 15.74 on MAR 23 2020 and Maximum 86.30 on JUN 28 2017. I have 2 scenarios: 1. Inverse head and shoulders chart pattern with a price target of $16650 by the end of the year. 2. Worst case scenario: bull trap at $13350 an retracement to the pre-pandemic level of $9750. I tend not to believe this scenario because of the too low price per earnings ratio of NDX. Looking forward to read your opinion about it.
NASDAQ:NDXLong
by TopgOptions
6
QQQ - A relief rally about to get prolonged or not?QQQ continues to enjoy the relief rally, which might get prolonged if the short-term resistance is penetrated to the upside. However, if that occurs, we will pay close attention to the price and if it manages to close above the mentioned level. In addition to that, we think that if the rally continues further, it might present itself with a good opportunity for short trade (re)entry. Therefore, despite the ongoing rally, we remain bearish on QQQ, and our price targets remain 295 and 290 USD. Illustration 1.01 The picture above shows QQQ on the daily chart. A white horizontal line indicates support from 5th March 2021. Technical analysis - daily time frame RSI shows some relief; however, its bearish structure remains intact. MACD and Stochastic also remain bearish. The same also applies to DM+ and DM-. ADX does not show a significant drop, which indicates that the bearish trend is still not losing momentum. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish; ADX grows. Overall, the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
NASDAQ Channel Down bottom but attention as the 1W MA200 awaitsThe Nasdaq (NDX) index is very close to the Lower Lows (bottom) trend-line of the Channel Down pattern that started the late December correction. Technically, as long as the Lower Lows line holds, we may see either a +10% rebound (as with the January 24 low) or a 0.618 Fibonacci retracement level rebound (as with the March 14 low). That gives us two medium-term targets (13400 and 14000 respectively) depending on your risk tolerance. However, a 1D candle close below the Lower Lows, can be enough to extend this long-term selling towards the 1W MA200 (red trend-line). The last time this trend-line got hit (and offered Support) was on March 23 2020 (and that was on the futures), which made the bottom of the COVID market crash. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:NDXLong
by TradingShot
8
The GAP Gives It Away | NasdaqWe have different signals to look at on the Nasdaw (NDX) chart. We looked at the SPX and DJI, each has its own signal that support a continuation of the bearish correction, here we have new ones. First, let's start with the "Hanging man". This is the candle that showed up on 2-Feb. 2022. This is a bearish candle. To make things worse, the day that followed we have a "falling window" or "GAP" as prices for the NDX opened much lowered compared to the previous day low. All in all this is highly negative, the candle opened below EMA10 which supports the other signals. Conditions for change If the NDX moves up resistance will first be found at the falling window. The final resistance is at the "hanging man's" high (upper shadow). If this level is broken, these signals are invalidated. Any trading below these levels and the bearish bias remains strong. Are we going down this very same week? That's my believe based on the chart. What's your take? Leave us a comment. Namaste.
NASDAQ:NDXShort
by AlanSantana
3
QQQ - Nasdaq 100 is poised to move substantially lowerWe continue to be bearish on QQQ. Because of that, we would like to set a new short-term price target for QQQ at 310 USD. We would also like to set a medium-term price target of 305 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish. The same applies to DM+ and DM-. ADX reflects a strong downtrend. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX grows which is bearish. Overall the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
NASDAQ 100: We Have Found the Bottom!NASDAQ 100 has been in a downtrend for the last couple of weeks. This has caused a lot of stock to retrace. As of now we are at the bottom of the Ichimoku Cloud on the Weekly chart. We have perfectly formed a bottom on the Ichimoku Cloud and respscted it as support for three weeks. This level is what is holding up the NASDAQ 100. We have also formed a resistance confirmed by the EMA Ribbons. I am currently looking out for a daily close above 14080 to confirm any bullish price action. As long as we are under 14080 the NASDAQ has a tendency of breaking below the major support of the Ichimoku Cloud. This scenario is highly unlikely due to the fact that we have a red 9 on the TD-Sequential which indicates that we are at or near the bottom. We also have a bullish divergence on the CM_Ult_RSI which is a good signal of reversal. Look for a breakout of the 1st EMA Ribbon (14370) and a short term rejection of the second EMA Ribbon (14750). If the 1st EMA Ribbon gets mounted as support the NASDAQ will be looking extremely bullish. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NASDAQ:NDXLong
by Patriick2jz
10
NASDAQ It is now or never for tech.Nasdaq (NDX) has been trading within a Falling Wedge since its All Time Highs and contrary to the last analysis, it broke the 1W MA100 (red trend-line) and almost hit the bottom (Lower Lows trend-line) of the Falling Wedge. As long as this holds, we can expect a rebound towards the Lower Highs trend-line (top) of the Wedge and more specifically the 0.618 Fibonacci retracement level, which formed the previous Lower High and is currently around 14300. Notice how potentially, it could meet with the 1D MA100 (green trend-line) there. The 1D RSI seems to be bouncing off the Pivot. If on the other hand the Lower Lows trend-line breaks, the next Support level is the 12200 low of March 05 2021 but we doubt it will hold on panic selling and the hidden targets will be the -0.236 and -0.382 Fib extension at around 12115 and 11745 respectively. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4