NQ is back in a previous balancing area. Will it find buyers?NQ is back in a previous balancing area 12680 - 13300 where it spent nearly two months last year. We'll either find balance again in this range before breaking out higher or lower or we could find new buyers for rotation back up. Look for support above the HVN at 12860.
NASDAQ 100 CFD
NAS100 Retesting the local lowsStrong bullish divergence clearly visible on the 4hr chart, price is coming down to test the local lows/support zone (12950/13150).
Clear invalidation below the local low and trend line 12870/12940, and first TP target is around 13750 - this could be a great long opportunity.
Nasdaq Possible FormationHere we see the formation of an imperfect plate with a minimum target of 138.2% of the B wave and a maximum target of more than 161.8 B wave, which will actually be a drawn flat C.
Since the flat C is most likely part of a triangle, we have to wait for the formation of the next components of a triangle. Due to economic conditions, we can not expect the formation of strong contraction triangles. Of the 18 types of triangles available, reverse triangles can be Contraction and reverse expansion thought. One of the most pessimistic scenarios is drawn in the figure, in which case we will not see a new ceiling in the market. In the case of forming a neutral contraction reverse triangle, the previous or slightly higher ceiling will eventually be formed.
Nasdaq100 what now episode 15"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? "..
My Trading plan for last week. Did that go well? Yes sir! Listen—I feel like all my year and the half of trading Nasdaq100 “professionally” last week has been my best so far. There’s one thing I realized though, That is: Follow your plan. Look, you got a plan? follow that guy. Don’t change nun ‘in.. Just—follow! I noticed how much that sky-rocketed my performance. Honestly, Nasdaq100 this week, we might all just be going for a funeral. “Why?” You’re probably wondering, Well, did you see how it ended. The lady dropped like 3% from last week. Close to 2,ooo points or more. The Nasdaq100 is currently at 13319 (as I write this) and I don’t even think we’re done. You know that Inverse head and shoulder that showed up? Destroyed! The weekly time-frame presently is currently looking to get past the previous Lower-low at (13319) The next level—13,000 isn’t far-fetched. The daily 0% fib level at 13079: isn’t as well. The bears are really wilding. The CBOE NASDAQ100 VOLATILITY INDEX is real bullish now! Dude is almost at 37 points. Imagine going to 40, where do you think the Nasdaq will be?
Look at this picture, tell me what you see: for me, A broken possible bullish structure. A double top with new lower-highs and a possible continuation to create a new lower-low. Screaming “BEARS”!!!.. Monday was all chill, I mean there wasn’t any news. Funny how we got a pin-bar on Monday on the daily time-frame. The bulls came in for a bit. No news release; No crazy movement. However, this all went left on Tuesday, April 19th, 2022. By 13:30, we got the Building Permits which turned out positive with a 1.873M reading. That brought the bulls in. We all thought: “Finally the bulls are back”. Uh! too soon. Wednesday, 20th April, 2022 appeared mixed after a negative Existing home sales with a 5.77M reading and a positive Crude oil inventories by 15:30 with a -8.02M reading. The daily left a rejection candle after that. Coincidence—Uh! maybe not. Furthermore the dreadful Thursday. I called it that because you seriously need to see it’s reaction. The bullish tables flipped. Them legs got broken, shattered into a million pieces. Even started getting termite holes and stuff. The bears came in growling after the negative Initial Jobless claims with a 184K reading by 13:30 as if that wasn’t enough, the Philadelphia Fed Manufacturing Index also turned out negative with a 17.6 reading. Less than 3-hours after came the Fed news. Twice! Look the market bled. Never seen in years. The Nasdaq100 screamed but I don’t even think any-one cared to listen. Shii! we all were trying to make some buck. On Friday, That was just a continuation. The bears continued and now looking to create another lower-low. What’s my plan? Same old. Weekly and Daily: Directions. I mean since we’re really bearish now, I might as well keeping looking for sells. As long as, we don’t pass the previous Lower-high at: 13700 (4-hour lower-high) I’m selling. So, I’ll be looking for new highs on the 4-hour. Then, I’ll be going to the 15 to look for entries. Let’s see how that goes. Don’t miss my streams though!
Nasdaq100 High Impact News For 25th-29th Of April, 2022
You’re probably wondering, “what should we expect?” Don’t worry—I’ll tell you. This week, as usual, The Monday is free from demons. Tuesday however, This is where all the madness starts. The 26th April, 2022 by 13:30, We’ve got the Core Durable Goods Order. This measure the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. A higher reading indicates increased manufacturing which is bullish for the USD. Also same day; different time. By 15:00, we’ve got the New Home Sales. This measure the annualized number of new single family homes that were sold during the previous month. P.S: This particular repot tend to have more impact when it’s released ahead of existing home sales because the reports are tightly co-related. However, a higher reading is bullish for the USD. Same time, doesn’t end. Y’all be mindful of Tuesday then. We’ve got the CB Consumer’s Confidence. It measures the level of consumer’s confidence in economic activity. A higher reading=Higher consumer’s optimism which is also bullish for the USD.
Wednesday April 27th, 2022. By 15:00, The Pending Home Sales. It measure the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new constructions. A higher than expected is bullish for the USD. Same day; different time. By 15:30, Crude Oil Inventories.😒(again?) Anyway this guy, we all know what he does. A higher reading is weak for the USD. Therefore, bearish. The level of inventories influences the price of petroleum products, which can have an impact on inflation. Finally, Dreadful Thursday. The 28th of April, 2022 by 13:30, we’ve got Initial Jobless Claims 🤦♀️(Y’all already know, I’ll just repeat) This measure the number of individuals who filed for unemployment insurance for the first time during the past-week. A higher reading than expected is bearish for the USD. Same time, The GDP—The gross domestic product, measure the annualized change on inflation-adjusted value of all goods and services produced by the economy. Listen, it is—this is the primary indicator of the economy’ health. If the actual is greater than the forecast, it will be Bullish for the USD. Be sure to read all, stay safe, and make that buck.
NAS100 USD NQ1! NASDAQ 2022 Apr 25 week
NAS100 USD NQ1! NASDAQ 2022 Apr 25 week
NQ took on scenario 2 and travelled quite closely to our planned path
from last week's analysis If no exceptions, market should attempt
13100 region. Wait for price reaction to these levels before attempting
entry.
Possible Scenarios mapped out:
1) Price finds support at the 13025 - 13300 region and attempts for 15160
(the 13100 - 15160 rotation structure)
2) Price breaks 13025, retraces to test demand, and continue on a breakdown.
Weekly = Ave vol down bar closing at low = weakness
Daily = High volume down bar closing at low = weakness
H4:Average vol down bar closing at low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14391
13881 13666 13025
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Have a profitable trading week ahead.
NASDAQ END GAME MELT-UP - 28000 Extension Top (Targets/Bottom)12K (Wave 1 top) or 11K (200 Week EMA / 50 Month EMA ) micro-target followed by the melt-up rally.
Linear local top: 19000
Extension top: 28000 (Extension includes 5 waves within final wave 5 of grand wave 5)
*Bullish monthly engulfing candle closing above 19K means the log/extension targets are at play!*
ETA: Q1-Q3 2023
80% Bear Market follows - Target: 5150
NASDAQ Approaching the 1W MA100 Support. Buy Signal.Nasdaq (NDX) saw a strong 1D candle rejection on the 1D MA50 (blue trend-line) yesterday following Jerome Powell's comments on a potential May hike of 50 basis points. Technically this has been the 6th rejection on the 1D MA50 in the past 7 trading days and naturally it created a Lower Low on the medium-term.
This time the long-term trend-line are coming to center stage again as the 1W MA50 (red trend-line) is right below at 13431 and rising. During the recent "war correction" this level provided Support on Feb 24, March 08, 14 and 15. With the 1D RSI still on Higher Lows, and the Ichimoku well into the green zone, I expect the 1W MA100 to hold and target on the short-term the 1D MA50 and on the medium-term the 1D MA100 (green trend-line). As you see, the 1D MA100 along with the 1D MA200 (orange trend-line), rejected the price on April 05, the last Lower High of the Falling Wedge pattern, which is the dominant pattern since the All Time High of November. Basically the 1D MA100 is moving parallel to the Lower Highs of the Falling Wedge.
We can only expect further rise on the long-term, if the price breaks above the 1D MA200 and the 0.618 Fibonacci retracement level.
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NDX100 Short1. Price tapped and got rejection around 14214 which is a strong Daily resistance area.
2. Price broke previous low and created a new low
3. Anticipating price to retrace and retest 13974.
4. After the retest I anticipate to price to continue bearish.
5. Anticipating price to continue creating lower lows and lower highs.
NAS100 USD NQ1! NASDAQ 2022 Apr 18 week
NAS100 USD NQ1! NASDAQ 2022 Apr 18 week
Short on retracement worked wonderfully last week.
If price attempts the 13666 and 13100 region. i, this may mean we need
to look at market behavior being in a rotation structure between
15160 & 13100.
Possible Scenario mapped out:
1) False break of 13881 and price returns above it, is support, and
long opportunity may be presented
2) If market attempts Upthrust at `14391, and rejected = short
opportunity.
Weekly = Low vol down bar closing at low = weakness
Daily = Average vol down bar closing at low = weakness
H4:Average vol down bar closing at low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14391
13881 13666 13025
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
QQQ - Temporary selloff or another leg down?Recently, we pointed out the Nasdaq 100 index was at a crossroads. Since then, QQQ fell below two resistance levels at 370.10 USD and 357.09 USD. As a result, we will closely observe the price action in the following days. First, we will look for a potential halt in the selloff; or inversly, we will watch for signs that the selloff might be strengthening. Though, at the moment, we still think the current selloff might be just temporary. We still expect QQQ to move higher eventually. If a low of 338.04 USD is taken out, it will invalidate our thesis.
Technical analysis - daily time frame
RSI is bearish and Stochastic as well. MACD is in the bullish area; however, it is due to perform a bearish crossover below 0 points. If MACD fails to move below 0 points, price decline can halt. DM+ and DM- show bearish conditions in the market. ADX suggests the prevailing bearish trend is weak. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, Stochastic, and MACD are all bearish. The same applies to DM+ and DM-. Meanwhile, ADX shows that the bearish trend of a higher degree is further weakening. Overall, the weekly time frame is bearish.
Illustration 1.01
The picture above shows simple resistance/support areas.
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.
NASDAQ100 Futures Heating UpNASDAQ-100 Futures 14,000: Capitulation Heating Up.
We did a video this morning (On YouTube) around 6:30am talking about the 14,000 as it was a piggyback video of the one we did yesterday afternoon ‘live’ as we anticipated that area being touched before the end of the day.
This morning we assumed the market would get some type of relief bounce, even if the CPI and/or inflation numbers were worse than expected. We can see that assumption played out accordingly. We continue to watch the 377 moving average and look for this area 13,970 - 14,000 to be a potential landing zone for capitulation. There is also assumed evidence of a morning star being put in.
Watch for the ‘rip your face off’ movement in the markets. Sooner or later, which we believe is now, market sentiment will be at its highest to the down side and will reach its maximum just as those late to the party finally join.
Could see that 'rip your face off' bullish pressure at these levels. Check the chart! WATCH GROWTH STOCKS!!!!
NASDAQ Inverse Head and Shoulders reboundI have been following this Falling Wedge pattern on Nasdaq (NDX) on the 1D time-frame for a month. My most recent post on this was the following:
As the price almost reached the 0.236 Fibonacci retracement level, which is a symmetrical Support, it is time to update my outlook on the index. The 1D RSI made a bounce on its Higher Lows trend-line since January 25 and in doing so, a new pattern has emerged, an Inverse Head and Shoulders (IH&S). It appears that we are currently on the Right Shoulder, which should push for a rebound.
As mentioned before, the natural barrier is the Lower Highs trend-line of the December 28 2021 High and then the technical Resistance of the 1D MA200 (orange trend-line) and the 0.618 Fibonacci retracement level within 15,250 - 15,280. A break above, restores the long-term trend on Nasdaq, and should target the 0.786 Fib (15,870) and then the 16,670 High. A break below the 0.236 Fib, should make one more leg downwards to re-test the 1W MA100 (red trend-line).
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Nasdaq, possible reverse h&s?Hi
Ndx is in a support area and made a reverse head&shoulder; these 2factors are kinda bullish, but for more confirmation it needs to break the trendline (purple line). If this scenario fails, stick to sell short setup.
As you know:
btc follows ndx and spy
Altcoins follow btc
This is not a financial advice and DYOR!
Time for Relief? NASDAQ-100, CPI numbers await 830amThis morning we went over the NASDAQ-100 AND SP500 Futures as well as Bitcoin. We identified some key area moving averages, potential support and resistance levels, and ideal possibilities for entries and stops.
CPI numbers at 830am which could pose as an excuse of "better than expected" as a relief rally, despite overall weakness in the economy. Inflation continues to run recklessly out of control - when will The Fed step in? We also hear from FOMC Member Brainard today at noon, so there are items on the table to move markets. Just focus on Price Action!
Remember the bigger picture still remains bearish sentiment and correction territory, but doesn't mean we cannot take advantage of impulse movements within the intraday time frames.
Watch that 377 moving average and the pinch between the 50 day. The 14,000 area is the psychological number.