QQQ most likely to test 332 and then decide the direction QQQ Weekly chart looks still bit weak. Friday's action saved it from meltdown. Thursday's bounce from long term trend line (more evident on NQ Futures) was big saver. Going forward, QQQ needs to close above 332 to push bears to sideline. If close below 322.80, would be big red flag as it may start weeks of downside action. Must hold trend line support in any case. Chart shows two possible paths it can take from here.
NASDAQ 100 CFD
NASDAQ Buy SignalPattern: Channel Up on 1D.
Signal: Buy as the price rebounded (almost) on the 4H MA300 (yellow trend-line), which last time (March 05) formed a bottom. Also the 1D RSI hit the Support Zone that has been in effect for a year.
Target: 14400 (slightly below the 1.382 Fibonacci extension).
P.S. A long-term possibility on Nasdaq:
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Nas100 Analysis Nas has been playing beautifully with the support and resistance areas respecting the higher timeframe trend lines. I have had many messages with people who have taken the trades from analysis and saw some amazing results. and yes it is as simple as that. Today I feel we will have some more bears, a bounce of 13297 will bring us down to 13042- 12776. However if we do break through 13297 I would wait for 13409 before taking a long trades to give me the signal that its clear for the bulls to come in. We should always look at higher timeframes just to understand what is happening in the market.
NAS100 - Will the long term support hold?Looking at NAS on the daily, price is approaching a trend line that has been well respected over the past year, along with RSI reaching towards the oversold territory, and the MACD already deep under; from a technical perspective, 12950/13000 could be a great price to enter a long position for a medium term trade. However, the key fundamental factor driving NAS lower recently (inflation fears - and rightfully too) should certainly be a cause for concern and could continue to push NAS lower to some key areas (12700 / 12200 / 11000 - maybe a little exaggeration here).
How deep is the first support?Those who have early access to my trading ideas have the chance to perform better.
Don't you believe it?
Check my recently private post:
I have lots of technical and fundamental reasons that this correction will be different and is going to be more than 10%, you will see the technical reasons in my charts. Let’s review the fundamentals:
1- The most important factor is limiting margin for hedge funds by banks, after Archegos capital management phenomenon..!
2- The Buffett Indicator was at elevated levels before the dotcom crash of 2000 to 2002, and before the financial crisis of 2008, but at respective values of 137% and 105%, lower than today's reading of 157%.(Stansberry research)
3- Americans are now holding more money in stocks than ever before... and that includes the peak of the dot-com bubble.The data is from JPMorgan Chase and the Federal Reserve. It includes any stock that folks may hold in 401(k) accounts as well.
Right now, 41% of our financial assets are allocated to stocks. Again, that's higher than the dot-com peak of 37%.
4- Constant money out flux since early 2021 which decreases the trading value in more than 95% of stocks!
5-Margin debt stands at $822 billion – an increase of more than 25% since September of last year.(Stansberry research)
Conclusion: Any factor that limits new money influx will have negative effects on markets, and Bubbles always burst when they have their biggest size!
To protect your capital:
*Use tight stop loss even for your long-term investments.
** Hedge your positions using inverse ETFs like SQQQ, SPXU,…
*** Always accept the loss when it is small, if it becomes bigger it will become harder to accept!
The above charts: show Nasdaq/ Gold
Below charts: show Nasdaq
Can we use Nasdaq/ Gold ratio as a prospective indicator of a market top?
If we are looking at the 2 previous major market top (just before the crash happened) in 2000 and 2007, we easily can see in 2000 the market top and the Nasdaq/ Gold top happened at the very same time. Moreover, in 2007, market Top happened in late October 2007 however Nasdaq/ Gold ratio top happened in mid-July, almost 2 and half months earlier..!
Now we can see why gold is called safe heaven, and we should monitor its price movement in the coming days.
Moshkelgosha
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NASDAQ Analysis Nas had a nice rally down and those who followed my previous post made some good profits. Thank you for the screenshots great work.
Looking at the higher timeframe we had some rejection from our trend line which may cause the price to carry on moving up. For the bears to continue I will be looking for a break of 13168 which will carry the price down to 13041-12775. A break of 13409 we will see the bulls come in and push the price back up to 13793 and further.
NAS100 AnalysisHi guys hope you all had a great weekend.
We had some good bullish movement on Friday taking price to 13793 zone, The market is still respecting the support/resistance line drawn early last week. This week its still a very mixed feeling, The bearish fall may not be over yet. If we look at the higher timeframe, This bullish push can be just a pullback for the bears to continue. We will need a clear of 13793 for the bulls to continue. I would watch the 4 hours carefully to see how this plays. A break of 13664 can result in bears pushing down further. I will highlight the Daily/4Hr timeframe on a separate post.
Be patient and protect your capital. Nasdaq is a very volatile pair and if your dont have good risk management it can easily blow your account. If you want to learn how to trade nasdaq you can take the nasdaq course. Currently half price. Please see link below
NAS100USD 2021 May 03 Week (Intraday)
OANDA:NAS100USD
NAS100USD 2021 May 03 Week (Intraday)
Nasdaq remains in price rotation, price levels to watch remains per last week's:
Critical support = 13735
Immediate Resistance = 14068
Since market is in rotation, trade entries will be at the boundary of the range.
Additional scenario planning
1) If critical support 13735 is broken and price comes back to test and is rejected,
will do a support turned resistance short.
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Have a safe and profitable trading week!
NAS100 Analysis Hi guys hope you all are well.
Nasdaq has been very indecisive lately been ranging for a while now. The trend is still very bullish and I hope we can see a break through today pushing price back up to 14064 and then further to make new highs. 14200-14400. If the price however does decide it need to come back down we can see it come to 13800 before coming back up. If the price does continue to go down from here then we may see 13665.
For now I will be looking for buys unless I see clear signals this is a sellers market.
nasdaq analysis We had a very nice drop on nasdaq which we were waiting for and this bearish momentum may continue tomorrow. We are currently on the centre trend line on the 4 hour chart. if we break through and come down our target will be anything between 13680-13394. However is the bulls do decide to come back in we will most likely see new highs again target of 14200-14400.
I been getting a lot of messages people keep blowing their accounts. Please protect your account as if that's the only money you have. To become wealthy you need money to trade with. If you blow your account you will eventually just give up. To stay in the game you need to have a account with money. Stop taking silly risks. Stop gambling. And start trading like a pro!!!. I had a student last week who left his job to do this full time, he only started with $200 but he protected his account and focused on growth rather than money. If you focus on money you will never grow. But if you focus on growth money will follow you.
NAS100USD 2021 Apr 19 Week (Intraday)
OANDA:NAS100USD
NAS100USD 2021 Apr 19 Week (Intraday)
Nasdaq continues to advance on low volume,
the net gain from previous highs has narrowed.
Prefer to wait for a wide spread down bar before I look to buy in the lower time frame.
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Have a safe and profitable trading week!
nasdaq analysis Today we had a pretty bearish day on Nasdaq, Currently the market is consolidating on lower timeframes. If we look at the daily we can see 13915 was previous high which did get broken yesterday, nas making a new high. Today if we get a close back in 13915 then we can expect some more sell off bring price back down to 13607-13540. However the bulls do continue next target will be 14200
NAS100 AnalysisNasdaq has been ranging for the last couple days. on the daily the trend is very bullish. We are very close to our previous high. On the 4hour chart we can see price has hit the top of the trend line. A break of this trend price can move to 12400 and higher. If the price does respect this trend line and pulls back then price will come down to 13600- 13472.
Be careful of the fake break outs. We have had many of them already.