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Ndxlong

NASDAQ 100: We Have Found the Bottom!NASDAQ 100 has been in a downtrend for the last couple of weeks. This has caused a lot of stock to retrace. As of now we are at the bottom of the Ichimoku Cloud on the Weekly chart. We have perfectly formed a bottom on the Ichimoku Cloud and respscted it as support for three weeks. This level is what is holding up the NASDAQ 100. We have also formed a resistance confirmed by the EMA Ribbons. I am currently looking out for a daily close above 14080 to confirm any bullish price action. As long as we are under 14080 the NASDAQ has a tendency of breaking below the major support of the Ichimoku Cloud. This scenario is highly unlikely due to the fact that we have a red 9 on the TD-Sequential which indicates that we are at or near the bottom. We also have a bullish divergence on the CM_Ult_RSI which is a good signal of reversal. Look for a breakout of the 1st EMA Ribbon (14370) and a short term rejection of the second EMA Ribbon (14750). If the 1st EMA Ribbon gets mounted as support the NASDAQ will be looking extremely bullish. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NASDAQ:NDXLong
by Patriick2jz
10
17500 on The CardsThe bottom trendline of the major weekly channel held with the most recent push to the downside. This indicates the presence of institutional demand and the chances of new all time highs is good. There is also the formation of a bullish corrective structure as indicated by the green flag. This does not mean that there is no longer downside risk and I will be keeping a close eye on the low of the recent daily spike. A close below that may indicate a more significant correction. I am currently long and remain bullish but will be watching the resistance of the structure. The upside target will depend on if and whether the flag breaks after 3 or 5 downward moves. Happy trading! Linton
TVC:NDQLong
by Linton_White
NASDAQ The Golden Age Cycles can be identified by a curved rise, then a large pullback back to the average, dipping below the average, reclaiming the average, then dipping below again, and then reclaiming, then the next cycle begins Cycle 3 in progress Jump on the train while its hot "roaring 20s" Looking for the 11000% increase before the fall occurs Purgatory possibility is there due to the presence of large Fib circles (price loves to crash vertically along these lines) Regardless, Cycle 3 has begun! (price lifted off the mean) The roaring 20's has been done before...
TVC:NDQ
by Bixley