NASDAQ 100 CFD
NAS100 - Will history repeat itself (part 2)NAS price over the past 6 weeks is forming a pattern that closely resembles Sept/Oct 2020 price movement.
In order for this trade to be valid, point 7 needs to reflect a failed break above point 1 (as can be seen 12-14th Oct). I will be looking for a daily close below 13600, and then below 13530 over the next few trading sessions.
Targets:
13290
12730
NAS100 reaches 13600 as analysedHi guys,
From the last analysis nasdaq has reached 13600 as I had analysed. Got some really nice messages from you guys who did take the trade and made a good profit.
As we can see now the market may come back for a pullback to around 13400-13300 before continuing to previous high and highly possible of making a new high. However if the market break 13300 to the downside then we may get a deeper pullback to 13072 before going back up again.
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VIX BreakdownVix has broken and closed below the descending trend line that's been in place since 2020. A solid close below (similar to the DAX 30 Bullish break) suggests continued moves lower for the vix and less risk aversion amongst investors. Will lead to further gains for US Indices (SPX broke 4000 today) as momentum continues rather than fade as overbought pressures ensue.
Short on the VIX, long on stocks.
Will Nasdaq rally continue??After a beautiful run yesterday will nasdaq continue going? We may see some pullbacks now and the continuation of the trend. The price may pullback to anywhere between 13090- 13015. However if the market decides not to pullback and just continue our bull targets are 13400-13600.
Correlation study of Major index..!Green: US Dollar Index
Red: Nasdaq
Orange: S&P 500
Yellow: Dow Jones
Since January 6th, 2021, the US Dollar index started gaining momentum and crossed 200 EMA 5 days ago and stayed above it in the last 5 days! As it is obvious it is negatively correlated to major indexes, and I believe as we move forward it will show its effects more and more!
my view on DXY is bullish for short and midterm.
NDX aka NASDAQ IdeaG'days Guys
Here some overview on NDX. Referring on my previous projections which is still valid. Today projections just
to follow up the movement since previous positing was at 25th March.
Overall, NDX still on bearish movement which is expecting continue to falling to complete demand zone.
Let's see what happen next with this pair. Stay Tuned...
Nasdaq Analysis Currently the market is at the bottom of this little trend. If it breaks down we can see price come down to 12780-12680. If the pice does bounce from this trend then it will go to 13000-13084 (which is likely as it looks like a retracement and the bulls will continue. There has been a lot of long wicks recently with lots of fake breaks. Market is very unsteady and choppy so do be careful.
NASDAQ Triangle Formed Hope you all had a great weekend.
On the daily TF we can see nasdaq has formed a triangle and it it almost at the end of the road where it is about to break. We have had many attempts of break to the upside and downside but it failed. Hopefully today we will get a close outside this triangle. If the bulls do come in our target will be 13292 and above. If the bears do come in then we can see price drop to 12354.
#Nasdaq - Be careful #NDX #NDX100The month of March and the first quarter of 2021 are coming to an end and there is a possibility of an April correction. Not in every market, but at least for the Nasdaq100, I can't argue it away at the moment.
The RSI has a double divergence and signals weakening momentum.
Therefore, in my opinion, we should wait for the end of the month and the end of the quarter before making further purchases. Not that someone gets angry because in 4 weeks there is a discount on the same Stocks of over 16 percent.
Therefore - be careful and watch out.
Greetings from Hanover
Stefan Bode
4hr nasdaq ideansadaq 100 is currently in a pennant pattern on the 4hr and uptrend on the higher timeframes.
because of heavy resistance due to penneant we should see a pullback and potential breakthrough to the bottom of the uptrend on the higher timeframe
As always
never finacial advice
trade responsibly
NAS100USD 2021 Mar 29 WeekOANDA:NAS100USD
NAS100USD 2021 Mar 29 Week
Last week 13189 triple tested for short was good.
So was long from 12813.
Friday 26/3 made a wide spread up bar. Would wait for
toppish pattern to short.
S/R and Yellow price reaction lines will be my preferred
trade zones.
Like and follow if you find this useful : )
Have a safe and profitable trading week!
Nasdaq will it continue its sell rally We had a very good bearish run yesterday. As I analysed couple days ago it has come to 12780 one of the key areas, see previous posts. Before we get excited and jump into more sells we should see what is happening. The market has been consolidating last couple weeks between 13174- 12780 which you can see more clear on the daily. So for the bears to continue its rally we need a break of 12780 to the downside. If not price may continue towards 13174 and attempt a break there toward the upside.
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NDX Nasdaq100 Head and Shoulders PatternThis is a great example of how a Head and Shoulders pattern looks like!
$12100 is my first target!
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Nasdaq very bullish We had a nice bullish rally yesterday taking price very close to my analysis 13200- Priced reached 13170. The price then did retrace a bit and today I am expecting price moving back up taking price to 13200-13300. However if the price starts to drop before 13020 then we may see bears coming in pushing price back down 13780 level.
Also on the daily you can see the box I have drawn where I want the price to be coming then it will be a battle for breaking this trend to go to the upside or fall back down.
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