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Ndxshort

NASDAQ100 Plummets! Short Trade Nears Final Target!NASDAQ100 (NDX) Analysis: NASDAQ100 (NDX) has seen a strong downward trend on the 15-minute chart, with the trade setup delivering impressive results. Targets 1 through 3 have been hit, and the price is closing in on the final TP4 level, making this an ideal short trade for traders leveraging the momentum. Trade Summary: Entry Level: 20429.42 Target Levels: TP1: 20323.94 ✅ TP2: 20153.26 ✅ TP3: 19982.58 ✅ TP4: 19877.10 (nearly hit) Stop Loss: 20514.76 The Risological Dotted Trendline guided traders perfectly through this short trade, marking a strong resistance level as the index continued its descent.
NASDAQ:NDXShort
by ProfitsNinja
NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader: In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps. Key Highlights: Entry Level: 20,429.42 Target Levels: TP1: 20,323.94 TP2: 20,153.26 TP3: 19,982.58 TP4: 19,877.10 Stop Loss: 20,514.76 Context: This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook. Summary: This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
NASDAQ:NDXShort
by ProfitsNinja
U.S. Stocks' foreseeable goalsThe most important index for the reflection of the American Stocks market is the SP:SPX , so let's start with it. Unfortunately, now the chart of this index is not rich in models, so the current logic of movements in our opinion is described by the EXP model from July 30 on the daily timeframe👇 As long as the price is below the 4-point level (5 390.95), the target levels are 100% (5 125.93) and 200% (4 873.94). In case the price returns above the level of 4 point and goes beyond the trend line, there will be a second attempt to reach the target resistance level of 5 582.31 - the formally reached target of the impulse of August 1. It is necessary to mention that this pattern, despite being on the daily timeframe - is weak. In addition, let's look at a chart of the NASDAQ:NDX - this index includes the 100 largest non-financial companies traded on the Nasdaq exchange, primarily technology stocks. Consideration of this index is additionally interesting because most institutional managers consider BINANCE:BTCUSDT to be in the technology sector, so NASDAQ:NDX and BINANCE:BTCUSDT is often correlated. First, let's look at the AMEXP model that formed in mid-March 2023 on the weekly timeframe and described the entire uptrend within the 2023-2024 period on this index👇 In this model we are primarily interested in the level of HP (18 289.68), currently acting as an extreme support on the weekly timeframe, and if the price can consolidate under this level, the next support will be the level of 100% (15 891.73). More locally, on the daily timeframe, the current movement is described by the EXP model from July 24, where the price has already reached the first target level of 100% (18 355.48)👇 It is very interesting that now on NASDAQ:NDX the price has settled in the zone of 18 355.45-18 289.68 formed by 100% and HP levels and if we don't see a rebound soon and the price tries to consolidate under this zone, the next target level will be 17 296.42. By the way, we do not exclude that the movement towards 17,296.42 will be accompanied by an attempt of CME:BTC1! to close the CME GEP at the level of $57,805👇
NASDAQ:NDXShort
by TSFC
SQQQ's Steep Drop From Yellow Sell ZoneIn my previous update I emphasized that this yellow sell zone is a very strong resistance level for SQQQ. There was a lot of uncertainty surrounding the Friday jobs data, but the data came in very strong and almost double expectations. This led to a bullish rally for TVC:NDQ and SP:SPX that led to steep bleeding for SQQQ. I predicted that SQQQ will drop below the green support level over the next few months, these are my updated price targets on the way down.
NASDAQ:SQQQShort
by realchartchamp
NASDAQ US100 SUPER BEARISH !! H&S FORMED hello guys , as i previously analyzed last weekend on the weekly tf nasdaq or us100 is very bearish in my eyes. as i predicted perfectly the price closed below a bullish trendline and it failed the create a higher high also forming a double top. i highly highly request from you that you take a good look at my last week analysis today on the daily tf it looks like a head and shouldrs was formed waiting for the break out of the neckline for the full confirmation. it looks very very bearish to me , i am open to hear you ideas and insights
CAPITALCOM:US100Short
by xAB777
NASDAQ Forming Head and Shoulders ReversalNASDAQ Daily *Note: This is an update to our previous analysis that will be linked below Price Chart The NDX is currently trading within an upward channel (Yellow Solids), and has recently tested the bottom trend line a fourth time; the more price retests it the weaker it becomes. This has also formed what could be the neckline (Teal / Red Solid) to a head and shoulders setup and has pushed the price past the mid-point (Teal Dotted) of the double top; which would also be the head. EMA's on the other hand have failed to cross lower with the 12-day and 26-day recrossing higher. Also notable is the spike in selling pressure on July 21; which is the same area the NDX is currently trading. Relative Strength Indicator There is a divergence (Teal Solid) from the price which lead to the trend line (Yellow Solid) breaking and the RSI dipping below the 50 level. The RSI has since recovered, however it's re approaching the trend line for a retest. On Balance Volume Similarly to the RSI, the OBV has also shown a divergence from the price and moved lower past the mid-point (Teal Dotted) in the double top. After a bounce at the support (Red Solid) the indicator is moving higher to retest the mid-point. TLDR; The market is showing strength, but a head and shoulders pattern is possibly forming as outlined above. RSI and OBV are both signaling higher, however, the indicators are nearing a trend line retest and level of resistance respectively. If price action moves past the head then we have an invalidation, but look for lower buying volume in the beginning of September to signal the formation of the shoulder. What Seems Legit? Um, not our portfolio if Mr. Market keeps running away from our targets; the market has been on a tear since the reversal in Dec / Jan. I mean, how many times have you heard those Bloomberg boys on the radio be like "omg markut go zhoom moar! wuuuuut?!", then the analyst comes on and is like "OH YEA NO U GOTTA DEPLOY CASH HERE I MEAN U CANT SIT ON THE SIDELINES LIKE WE CALLED THE BOTTOM AND NAO U GOTTA BAI". Layin' it on a little thick, text book transfer of wealth. Let's see if we get that head and shoulders. Follow us on Twitter for memes, market moves, and not so headline news. Chart Key Yellow Solid = Major Trend Line / Channel Red Solid = Support / Resistance Teal / Red Solid = H&S Neck Line Aqua Solid = Divergences Teal Dotted = Midpoint Resistance White Dotted = Invalidation of H&S Green Boxes = Supports / Target Areas
NASDAQ:NDXShort
by Seems_Legit_Research
NASDAQ Heading Lower For Longer (1D)NASDAQ Daily Price Chart We have quite a bit going on here so, pitter patter lets get at 'er. First, we have our second fake out (Highlighted) on the major trend line (Yellow Solid) which is accompanied by less buying volume than the first. EMA's have not crossed yet however we have a solid close below the 50-day and a legit cross of the 12-day and 26-day indicating a change in direction. We're getting the bounce we thought we might (Teal Dotted), which was outlined in the Weekly analysis that will be linked below, and should max out at the top teal dotted line if it pushes past the EMAs; This will be dependent on Nvidia earnings since it's so heavily weighted on the Index. After it begins to come down the first target of support (Green Box) aligns with the 200-day EMA, so that's definitely in play and will most likely see a decent bounce from there. Relative Strength Indicator Most notable here is the bearish divergence (Aqua Solid) that played out in the previous months and lead to a break in the major trend line. This lead to a small retest and the beginning of a bounce on the line of support (Teal Dotted). From here we likely see a retest of the 50 level to accompany the bounce and a rejection to downside to confirm our analysis. On Balance Volume Similarly to the RSI there was also bearish divergence that played out from previous months that lead to change in the direction of the OBV. The major level of support, or midpoint of the double top, was broken and confirmed the change in direction; This lead to the major trend line on this indicator also snapping. Most recently we've seen the beginning of a bounce on a line of support, which will most likely lead to a retest of the major trend line before resuming it's downward movement. Our target here aligns with another major trend line (Faded Yellow Solid) and the target support (Green Box). TLDR; Bro u pittur pattured moar thn u gat @ hur. Yea, well, we're in the business of pittering and the pattering is good. Price action is showing weakness and we're beginning get a small bounce at the second fake out break out of the major trend line; NVDA earnings will determine the height of it. The 12-day / 26-day EMA's actually crossed this time and there's been a solid close below the 50-day. RSI and OBV both show bearish divergences that have played out and confirmed the change in direction; both indicators are also showing a bounce at outlined supports before downward momentum resumes. Current targets are the green boxes. What Seems Legit? We bounce from excitement into Nvidia earnings; This seems to big one of the largest earnings calls in awhile, so you know big brain bets have already been placed, no one is showing up fashionably late for this. Earnings come out and the market either goes nuts, or has lackluster performance (our guess) into Friday where our overlords seal the deal for lower price movement. Chart Key Yellow Solid = Major Trend Line Red Solid = Major Support Aqua Solid = Divergences Teal Dotted = Support / Bounce Area Red Box = Major Resistance Green Boxes = Supports / Target Areas
NASDAQ:NDXShort
by Seems_Legit_Research
NASDAQ Moving Lower (1W)NASDAQ Weekly Price Chart After forming a double bottom in late 2022 the NASDAQ bounced and has melted up from its lows approximately 48% confirming that it was more than just a bear market rally. Most recently the NASDAQ has run into resistance (Light Red Box) and has descended roughly 3% past a minor trend line on the daily chart (not shown). Shorter term EMA's are beginning to even out (12-day / 26-day) indicting the beginning of a change in the direction of price action which will most likely move lower towards the target supports (Light Green Boxes). If the bottom support (Red Solid) is broken (pretty big "if" at the moment) then the possibility of breaking the long-term trend line (Yellow Solid) will come into play, however at this point it is premature to assume this comes to fruition. Relative Strength Indicator The major trend line (Yellow Solid) highlights the divergence from price action beginning in May 2022 and confirming the double bottom ending in December 2022. Most recently the RSI has remained elevated above the 70 line indicating a strong trend, however, the RSI has fallen back below the 70 signaling weakness. The RSI most likely moves down toward the major trend line and major support (Red Solid) from this point. Considering a cradle is in play with the resistance and trend line crossing, it will more than likely bounce with price action allowing the price to attempt one more move higher but will ultimately fail along with RSI failing to make a higher high and confirming price action. If the support and trend are broken it is most likely game over. On Balance Volume OBV bounced along with price and RSI in December 2022 and continued higher while making two consecutive bull flags confirming the movement. The OBV has failed to move higher after encountering resistance (Aquamarine Dotted) while retesting the major trend line (Yellow Solid) and seemingly has begun to move lower (emphasis on begun to). It is also notable to mention that a minor trend line (Yellow Dotted) has created a cradle that the OBV has so far failed to break. If the major resistance (Red Solid) is broken then it is basically game over, but we have two areas of support (Light Green Boxes) that will need to be broken first. The major resistance has had previous breaks which led to major downturns that can be seen in December 2000, February 2005, and September 2008 (all shown above). TDLR; Just want the meat and potatoes huh? Don't worry our entrees always Seem Legit. Price action recently hit resistance and has begun to move lower while EMA's begin to flatten. There's a 3% move down from a minor trend line on the 1D (not shown). The RSI is showing a bearish divergence after remaining elevated over the 70 line and beginning to move lower. The OBV looks to be forming a double top, and has run into resistance from a major and a minor trend line. Don't forget that this could take months to play out since this is the weekly chart. What Seems Legit? Possibly a bounce here from the support formed Jan - Mar 2022 in conjunction with the 12-day or 26-day EMA, retest the recent high, fail to break it and begin to move lower. It might just push lower due to the RSI on the 1D moving below the 50 line (analysis of the 1D has been posted). "History doesnt repeat itself but often it rhymes" - - Tap the 50-day EMA and carry on (2019) - Crash to the major trend line and carry on (2020) - Break the major support on the OBV and head lower (2000, 2005, 2008) Chart Key Yellow Solid = Major Trend Line Red Solid = Major Support Aquamarine Solid = Divergences Red Box = Major Resistance Green Boxes = Supports / Target Areas
NASDAQ:NDXShort
by Seems_Legit_Research
1
NASDAQ Moving LowerLooks as if a double top has formed after the recent melt up and a secondary trendline has been broken (solid yellow). Used RSI and OBV here to show the deviation from the price action solid red). The current trendline of the RSI has broken down and has bounced lower off the 50 level while the OBV sits right on it's current trendline. Price action has seemingly failed to make a higher high and is accompanied by higher recent selling volume. Current support levels are shown as dashed lines (yellow to red) With the red box being the strongest support and current target. The Short Term - Looks as if we return to the primary trendline of the melt up (teal solid) to see if we get a breakout or a fake out. Mom's allowance money for this week says we make that move lower due to the above analysis and since RSI was rejected off the 50 level. The Long Term - Shows price action moving back towards and testing the 200-day MA with the battle between the 50-day and 200-day to follow afterwards. Death cross = doom and gloom, bounce = hao in the NHL did u guise pull ths off? TDLR; Bearish Deviations - Price action moves down to the teal solid line then towards the 200-day MA. Red box is the current target. Stay tuned to see how mad mom gets if the market takes our allowance money. None of this was meant to be financial advice, but still seems pretty legit
CME_MINI:NQ1!Short
by Seems_Legit_Research