Ndx: Happy President's Day#nq It's 12am, the holiday continues due to the president's day and I thought, "make a video before you crash". Yup, I marked some levels on my chart as you can see.
These are levels I'm looking at. The Nasdaq100 is currently at the end of both the daily and hour 4 channels and I don't know what this means for the bulls. Two possible scenarios involves the market creating support and a possible divergence while bringing the bulls backs or it breaks and resistance is created whilst going for the 13k mark.
What's it going to be? Huh..
Levels:
Toc-14700
Moc-14300
Eoc-14000
Again, Happy president's day.
NASDAQ 100 CFD
Nasdaq 100 - Upcoming FOMC poses threat to further rise in priceLast week major U.S. indices attempted to reverse to the upside. This was accompanied by technical indicators trying to break their medium-term bearish structures. However, RSI, MACD and Stochastic failed to fulfill this transformation which resulted in market meltdown. Nasdaq continuous futures (NQ1!) broke below significant support level at 14 031 USD. At the same time, volume saw an increase which signals that the selling pressure is strengthening. The FED's meeting is coming closer and the prospect of higher interest rates poses substantial threat to further rise of NQ1!. We expect selling pressure and elevated volatility to stay persistent ahead of the FED's meeting. We think the upcoming increase in interest rates will put additional stress on the U.S. economy; indeed, we think it will drag major indices lower. Because of that we would like to set a short-term price target for NQ1! to 13 750 USD and medium-term price target to 13 500 USD.
Technical analysis - daily time frame
RSI, MACD and Stochastic are bearish. DM+ and DM- show bearish conditions in the market. ADX resumed growth which suggests the downtred has awakened and started to strengthen again. Overall, the daily time frame is bearish.
Technical analysis - weekly time frame
RSI, MACD and Stochastic are all bearish. Same applies to DM+ and DM-. ADX exhibits growth which signals that the downtrend started to gain momentum again.
Support and resistance
Short-term support lies at 13 706 USD. Support 1 is at 12 915 USD and Support 2 at 12 207.25 USD. Resistance 1 appears at 15 260 UDS and Resistance 2 lies at 16 009.25 USD. Major resistance level can be found at 16 767.50 USD.
Please feel free to express your own 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. Your own due diligence is highly advised before entering trade.
NAS100: 2018 vs. TodayThey say history doesn't exactly repeat itself but it often rhymes. There are certainly similarities between the situation right now vs. 2018 but a huge lot of differences as well; in-fact probably more differences than similarities. Nevertheless, good to outline both NAS100 charts and overlay 2018 price action then you can make of it as you wish. Measured moves start from October 1, 2018 ATH all the way to the new highs of April 2019 before pulling back vs. November 21, 2021 ATH until today.
2018/2019: Bleeding stopped at June 2017 resistance, flushing out almost 16 months of gains.
2021/2022: Until today, bleeding took a pause at the February 2021 resistance, flushing out 9 months of gains.
What do you see happening next?
Nasdaq 100 - Outlook is turning less dire at the momentOver the past few days the Nasdaq 100 Index has been experiencing volatile sessions. Currently, it trades near 14 550 USD price tag. In our opinion, the overall picture for NQ1! is turning less dire with volatility taking a dive today. We are growing increasingly bullish on the Nasdaq 100 index. However, due to quickly changing conditions in the market we continue to be very cautious.
Technical analysis - daily time frame
RSI is neutral. MACD remains in the bearish zone, however, it managed to reverse to the upside. Stochastic is bearish. DM+ and DM- are bearish. ADX continues to decline which suggests the selling pressure cooled off substantially over the past few days. Overall, the daily time frame is neutral.
Illustration 1.01
Picture above shows the daily chart of RSI of NQ1!. It also shows two trend lines with the lower one being penetrated to the upside. We will observe RSI in the following days and we will watch whether it manages to break above the upper trend line. This would be the bullish development that could mark the breakdown of bearish structure in RSI.
Technical analysis - weekly time frame
RSI and Stochastic are neutral. MACD is bearish. DM+ and DM- are bearish too. ADX continues to move sideways which suggests that the prevailing trend is neither gaining strength, nor losing it. Overall, the weekly time frame is neutral.
Support and resistance
Short-term support sits at 14 367.75 USD and short-term resistance lies at 14 585.50 USD. Support 1 sits at 14 367.75 USD. Resistance 1 can be found at 14 807.508 USD and Resistance 2 at 15 708.75 USD. Major resistance lies at 16 767.50 USD.
Please feel free to express your own 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. Your own due diligence is highly advised before entering trade.
NAS100 USD NQ1! NASDAQ 2022 FEB 21 week
NAS100 USD NQ1! NASDAQ 2022 FEB 21 week
Short preference worked wonderfully last week for the confluence of
boundary + trend line short (Scenario a + b).
Since price is near lower boundary, will WAIT for reaction there.
Possible Scenarios:
a) Price returns into previous rotation zone 14582 - 14462 =
short at upper boundary resistance and and
long at lower boundary support 13706-13845
b) Short on trendline resistance / resistance at price reaction levels
c) If price breaks lower boundary and then returns above it and is
supported, will look for long opportunity
d) If price breaks through lower boundary on high volume, wait for a
test and reject at the edge of the boundary to short.
Weekly = Average volume down bar closing off low = some demand,
but weakness still present.
Daily = Average volume down bar closing off low = some demand,
while price came down on increasing volume = bearish strength
is still present.
H4: UHV down bar closing off low followed a high volume attempt
for higher prices but closed near its low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14462
13706 12955 12465
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NDX100 Potential rejection of the 0.382. Further downside?NASDAQ weekly analysis
Short IF
We have a rejection of the FIB 0.382 level on the weekly as previous weekly closes were bellow this area with bearish candles. Also this area coincides with the weekly MA50 also serving as resistance and a strong diagonal resistance.
ELSE Long IF
We break above this level and hold it as support, entry on the back test.
NDX Nasdaq W shaped recovery ???We might see an euphoric W shaped recovery after Russia reported pullback of military troops.
Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry.
Looking forward to read your opinion about it.
No Solicitation here at all - dont hide me again please.*** this idea was previously hidden by a moderator -***
The previous title made a joke about people who use this site for advertising their "FREE" channels.
Anyway, the original post (less title is below)
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Insider info straight from Mr P himself.
He's supporting the QQQ's along with the Ukranians.
(This whole charade was so he could load up his position)
Besides, he said World cup's are a better cover anyway.
(NB volume has diminished on this decline)
Take 2 (if you missed it last time)
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v
NAS100 USD NQ1! NASDAQ 2022 FEB 14 week
NAS100 USD NQ1! NASDAQ 2022 FEB 14 week
Last week's trade from 14582 works again, but was resisted by 15160.
Scenario C weakness manifested on H4 where price advanced on
NARROW spread, market provided a wonderful short opportunity.
This week's preference will be to short when price retraces on low volume.
Possible Scenarios:
a) Price returns into previous rotation zone 14582 - 14462 =
short at upper boundary resistance and and
long at lower boundary support 13706-13845
b) Short on trendline resistance / resistsance at price reaction levels
c) If price breaks lower boundary and then returns above it and is
supported, will look for long opportunity
d) If price breaks through lower boundary on high volume, wait for a
test and reject at the edge of the boundary to short.
Weekly = Average volume up down closing near low = Weakness
Daily = Average volume down bar closing near low = Weakness
H4: UHV down bar closing off low = Strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14462
13706 12955 12465
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NDX swing low?March 2021 swing low coincided with October 2020 resistance. Will January swing low coincide with Feb. 2021 resistance range? Next few days will be telling, watch out for 13720-13760 if we revisit again. It's still quite soon to call it but I cant imagine daily RSI's going down to 0 from here :)
$NASDAQ Composite recession targets $IXIC $NDX$NASDAQ Composite recession deep targets $IXIC $NDX
More for my reference here since I’m going to clear out these lines so i can mark it up on a smaller scale for the near term - but if you find it useful it has some good potential targets.
THIS is how far we’ve come from the mean… anything under 9885 would be true bear country.
Yes, I trade one day at a time - and both ways - but truth be told, I think we slide into a recession quite effortlessly from here…
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I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence.
I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with.
I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news.
If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time)
And most importantly… Have fun, y’all!!
(\_/)
( •_•)
/ >🚀
NASDAQ is about to break into long-term bullish territory again.Basically this is a quick update to my January 31 analysis on NDX where I made a case for the importance of this Channel Down:
Initially the price got rejected near the top (Lower Highs) trend-line of the Channel Down but since yesterday, it is staging a comeback. As mentioned before, a break above it, will most likely restore the long-term bullish trend on Nasdaq and will aim for new All Time Highs (potentially near the 1.5 Fibonacci extension long-term).
The finding of the current idea though, is that the current Channel Down resembles that of the previous correction during September 06 - October 13 2021. For a better illustration, see that Channel below on the 12H time-frame, where th MA50 and the MA200 trend-lines are similar to those of the current Channel Down on the 1D time-frame:
Breaking above the 1D MA50 this time, most likely confirms the above.
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** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
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NASDAQ - Clear signals neededFollowing up on my call to go long on 25. of Jan (& Update of 1. Feb - to close or adjust stop loss).
The price is currently on the Fibbo retracement level 0.5.
What we want to see to confirm a long: Stoch - RSI crossing and a close above EMA 9
What we want to see to confirm a short: Breaking the current Fibbo level and RSI - SMA crossing & depending on the situation a break of the resistance area.
->Updates will follow
If you enjoy this analysis, thumbs up!
________
🚀 Follow for daily posts
🎯 About my posts: They are kept self-explanatory to avoid overcomplicating. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice
Nasdaq100- New leg down?In my previous Nas100 analysis I said that I work with 3 bearish scenarios in Nasdaq's case, and the last scenario proved to be the correct one so far, with the index reversing from 15k zone resistance.
At this moment, the index is trading just above 14.400-14.500 zone support and I expect continuation to the downside.
In my opinion rallies around 15k should be sold and only the index above 15.500 would put a pause in this bearish scenario.
Bears can target 12.500, keeping in mind the last low as support also.
Best regards!
Mihai Iacob
Nasdaq Daily Timeframe Analysis HI Everyone,
As we can see the pullback on nasdaq is over and i expect the trend to continue. The market is still very bullish and i have no doubt we will reach previous high and most probably new highs too.
The market has been respecting these key levels i drew weeks ago so well, and many of you guys PM me with amazing results.
Our next target will be 15680-15700 which may be reached today. This will take us back to the centre trend line, that had previously been broken to reach 14100. If we do break this centre trend line then price will continue to go up to 15615-16780 previous highs.
stay in the loop as i will be posting more on the lower timeframes
NASDAQ long - As projected *UpdateAs already predicted before (26. 01 & 25. 01 ) NASDAQ is up. We are now at our predefined target no. 1 (see previous posts) - which is the EMA 200 line (orange line). Adjust your stop loss to the level of 14602 (below the support) or close your position now (to reopen it after a possible rebound). The second long target stays the same - which is the lower line of the long-term trend channel (blue line).
If you like this analysis - thumbs up!
________
🚀 Follow for daily posts
🎯 About my posts: They are kept self-explanatory in order to avoid overcomplicating and confusion. Mostly price signals and trend analysis combined with chart patterns.
Disclaimer: This is not an investment advice
Nasdaq100- Bulls should be careful from now onThere has been a very bad start of the year for Nasdaq (and US indices in general) with the price dropping almost 3000 points from top to bottom.
Last week the index found support and bids under 14k and now is in recovery.
In my opinion, this is just a correction and rallies above 15k should be considered good opportunities for selling.
A daily close above 16k would make me change my opinion
AAPL, Can become the market savior? Can Apple become the market savior? Is it able to help the panic to be over? Lets follow !
Previous Monday we saw the large money inflow by hedge funds which pushed it back to positive territory after near 5 % fall in NDX 100 , then panic returned to the market after J erome Powell's speec h and finally exceptional earning report of Apple brought the positive sentiment back to the market ! Can Apple continue the bull run? Lets follow !.
After making a new ATH at 182.9 and exceeding the 3 trillion USD market cap , AAPL started a corrective ABC from of decline down to 154.70 low where it found a support which was really strong. As shown on the chart, this strong support formed by : 0.382 Retracement of wave 3 , 0.618 Retracement of circled wave V and static support corresponding to top of circled wave iii . We can add also 100 days moving average to see the support even stronger.
In broader view, AAPL is possibly completing wave 5 of a wave cycle started at 103.1 on 21th Sep 2021 . This final wave 5 may push the price up to around 200 USD . Going through details of this wave cycle, We find out we have an extended circled wave v of 3. This wave 5 extension happened for many other stocks like MSFT and AMD and indexes as well.
In upper left side of the chart, I showed a schematic drawing of an extended wave 5 and it's typical related Retracement amount and pattern. As it is clear , Apple beautifully resembles this pattern . Another supportive point for the analysis !.
What is shown on the chart, is normal scenario. There may be some more optimistic and pessimistic scenarios whit higher and lower targets but, We just kept them away from the chart to make it clean. Should it need any update, We will do it later.
Stochastic indicator has made a bullish reversal at oversold zone , Body of last candle well closed above the down trend line and is now inside the territory of decline form ATH to 168.17 which may be wave A of the possible ABC form of correction which is another positive sign.
Despite all above positive and bullish signs , AAPL may choose completely different path than we are expecting therefore, we have to set our stop loss objectively ( Which is the last formed low at 154.7) and stick to it . We know after an ABC form of correction, Stocks can take many various complicated forms.
We do not know how market continues it's path however, we can see the signs, make our analysis and take a position. If somebody fears of taking a long position ( of course with an objective stop loss) for this setup because of bad news everywhere or panic , he/ she would better to leave the world of trading. Risk is always is with us in trading and the best thing we can do is to manage our risks.
Good luck every one and wish you huge profits.