A weak recovery..!In the past 3 days, we see higher closes in the market and most tickers have finished the past 3 days greenish!
But looking at volume and compare it to the past week's average clearly shows the weakness on the buyer's side!
More neutral days could be the most probable scenario in the coming days!
AAPL, MSFT, GOOG, AMZN, and FB have seen higher prices at lower volumes..! which is not a bullish sign!
Waiting for better entries could be a good choice!
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NASDAQ 100 CFD
NASDAQ - If you know, you know..Warned in August that 'September is coming' and mentioned that the 2020 summer playbook is in motion yet again. The difference? 2021 wasn't as abruptly brutal for bulls when the downtrend kicked in.
Watch these TL's and prepare for the next move. 14,400-14,450 if we get there within the next 2-3 days is a key level to watch, followed by 14,030.
Possible Scenario for NASDAQ100 CorrectionMany believe the current correction in the market is due to uncertainty about raising the debt ceiling by October 18, 2021.
Keep this in mind The Congress, Senate, and the Oval office are in democrats' control, which makes it very unlikely that they fail to do that.
I believe if the same correction pattern continues, NASDAQ 100 could go down another -4.8% by October 18-20! which makes it an -12.1% correction in total!
This NASDAQ 100 regression channel should be considered valid until NASDAQ 100 closes above or below it.
Regression channel setting (close,-2- 2 stdev)
I will calmly monitor this for the extra bargain in the coming days!
Moshkelgosha
NASDAQ on 1D Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price is at the bottom of the Channel Up, below the 1D MA100 (green trend-line, which has accurately given a long-term buy signal 3 times since November 2020) and the 1D CCI is on Higher Lows at its bottom.
Target: Short-term 15100 (the 1D MA50), medium-term 15700 (Resistance and All Time High) and long-term 16350 (the 1.5 Fibonacci extension).
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NAS100USD NQ1! NASDAQ 2021 Oct 04 Week
NQ1!
NAS100USD NQ1! NASDAQ 2021 Oct 04 Week
Resistance 15437 and short from 15163 was fruitful.
Weekly = UHV down bar closing off low = strength.
Daily: Shakeout bar closing off high. If next bar closes higher, this confirms strength,
Wait for Monday 04 Oct.
Daily chart two lower highs and 1 higher low has been formed.
H4: Temporary support at 14537, and narrow spread up bar closing in middle = weakness.
Per daily channel's analysis - wait for Monday 04 Oct bar's close.
Strategy for Short: (Test and reject):
Strategy for Long (Test and accept):
Entry will be base off price reaction to these levels:
14537
14744
14951
15163
15400
15518
15700
Like and follow if you find this useful.
Have a profitable trading week.
Nasdaq 100 diagonalAs we are in a diagonal each impulse is an ABC
We now completed wave 4 and expect a 335 ABC to complete 5 of major (3)
Still a long way to go bullish
Nasdaq 100 correction over - now headed up with wave 5So here is the bullish count, compared to the bear one earlier today
Both are valid. This one with an impulse up starting today
Nasdaq 100 target 14250 then 17300We correct in wave 4 now with target 14250, 27 october
Then we get wave 5 to 17300, 15 march
At that time we will get a major correction as this finalizes the 12 year uptrend
NAS100 ANALYSIS -UPDATEfrom previous trade set up analysis: If you calculated your risk correctly and played with your entries a little, you would have closed or TP would’ve been hit -depending on your broker spread- with an overall with a good amount of profit while still managed to maintain a good R:R
Current Analysis Update: I’m still anticipating further downside movement on NAS100 but currently on the lower time frames (M15 & H1), as you can see we had an impulse to the upside hence price is likely to push further up to grab liquidity and then after I will be waiting for price to give me a sell entry at least on the H1 or M15 before entering short positions as we are overall still in the correctional phase of an impulse to the downside on the H4.
I will wait for 6-8 H1 candles before entering, if the opportunity does not present itself yet, I will not enter until there is M15 confirmation. Remember, this is not a signal, this is only my analysis/representation of when and how I will be entering this trade. If you guys decide to take this trade, please use proper trade & risk management.
The market is talking. Can YOU hear it?Pareto's law says that roughly the top 20% of the market constituents should roughly represent 80% roughly of the overall market cap, and vice versa: the bottom 80% of constituents will represent 20% of the overall market cap.
When price seems irrational, and higher cap stocks start to represent more of the market than previous decades, and thus are given a higher weight in the major indices, it can be very useful to look at a large portion of the bottom 80% to get a more rational prospect of market value.
Russell 2000 represents many small and mid cap stocks, which are mostly given low weights in large portfolios and indices, compared to larger cap stocks such as TSLA or the FAANG stocks.
We get an interesting peek at the overall market value if we look at these companies in the median of the market, in addition to accounting for money supply expansion.
We can see that if we account for inflation, the relativity of the money supply in relation to the Russell 2000 has always topped out at about where it is now, in the past 20 years.
The price seems to be disconnected from value at the moment, off by a factor of 2 or 3. For the larger caps that are not included in this index, this overpriced factor is probably larger, maybe 5 or 10, given the current conditions of an irrationally large-cap dominated market.
Let me know what you think.
Do you think the dip of 1200 in 2020 was a valid retest?
Or was it just forced participation, coercion by the FED?
Do you think that, given such coercion, we're in for a further lower retest when said coercion becomes less effective?
Cheers
NAS100USD NQ1! NASDAQ 2021 Sep 13 WeekNQ1!
NAS100USD NQ1! NASDAQ 2021 Sep 13 Week
Trading on weakness at the top proved fruitful.
Weekly = Looks like a 2BR appeared, may result in temporary weakness.
but spread was narrower, closing off high = weakness
Daily / H4 = Broke down a rotation zone to test the high of a previous
absorption bar, will buyers support level 15434?
Strategy for Short: (Test and reject):
Strategy for Long (Test and accept):
Entry will be base off price reaction to these levels:
15700
15518
15434
15255
15138
14999
Like and follow if you find this useful.
Have a profitable trading week.
NAS100USD NQ1! NASDAQ 2021 Sep 06 WeekNQ1!
NAS100USD NQ1! NASDAQ 2021 Sep 06 Week
Nasdaq continued from strength to strength last week.
Weekly = Volume was higher than previous week, but spread was narrower, closing off high = weakness
Daily = Rotation, whipsaw expected. High volume up bar close on high = strength
H4 = Rotation, whipsaw expected. Ultra High Volume with no result = weakness
Strategy for Short: (Test and reject):
Strategy for Long (Test and accept):
Entry will be base off price reaction to these levels:
- 15700
- 15518
- 15434
- 15255
- 15318
- 15138
- 14999
Like and follow if you find this useful.
Have a profitable trading week.
US100 AnalysToday, the main trend line was broken and filtered, and the trend line is being re-tested. The sub-trend line was also broken and is being tested, but it has not been filtered yet. If the sub-trend line is filtered, the price will fall sharply. Most likely the price will reach below 15,000 . (Note that this analysis is for a 30 minute time frame.)
Is this a Quintuple Top in the NDX/SPX ?I haven't been investing for that long and at the most I've seen a triple top. I don't know if I interpreted this wrong but I'm seeing five wave crests. Assuming I'm right, if triple tops are strong and quadruple tops are stronger, quintuple tops would be even stronger. With this being said, if a breakthrough happens in the NDX/SPX, we could see the NDX start to decline relative to the SPX.
it is also important to note that on the daily chart of NDX there is a H&S formation, so if there is a breakdown we could see a up to a 5% correction.
US100 (Nasdaq 100) short to 14250, then up with leg 5Wave 3 ending soon with a diagonal in 5 (matches an ending diagonal in BTCUSD actually)
Wave 4 short to 14250
Then wave 5 to finish the 12 year bull run later in the year