US100 Long U.S. Debt Deal Optimism Boosts SentimentI have marked the Bullish Bearish scenarios of the next 2 weeks(Possible Potential Long)
Green Bullish
Golden Cross
High Bullish Volume
Technically: HH HL
Donchian Long
June S&P 500 futures
ESM2023
are trending up +0.18% this morning as market participants weighed the latest updates on negotiations in Washington to reach a debt-ceiling deal while awaiting a key speech from Fed Chair Jerome Powell.
In Thursday’s trading session, the tech-heavy Nasdaq 100 notched a 1-year high, boosted by gains in chip stocks and a more than +9% jump in Netflix Inc
NFLX
after the streaming giant said its recently launched ad-supported tier reached about 5 million active users per month. Also, the benchmark S&P 500 rose to a 9-month high, helped in part by an over +11% surge in Take-Two Interactive Software Inc
TTWO
after the company reported above-consensus Q4 net bookings. In addition, Walmart Inc
WMT
rose more than +1% after the retail giant reported upbeat Q1 results and raised its full-year guidance, helping keep the blue-chip Dow in positive territory.
Ndxshort
NDX are you rdy for long ?🧨🧨👌Nasdaq index, did you know that this index has an upward trend in the past two weeks? Well, interestingly, Bitcoin also has and I announced this in my analysis.
Well, how far the index should go up, you should be careful, I won't say here if it goes up.
Two more targets will not be seen, the first target is 15265.42, the index will go up to this price.
Our second target is 16607.19. I am giving you this information based on the method of dirty banks, so don't forget that this index is bullish to see these targets.
NDX Swing ShortNasdaq has been rallying hard the past few weeks, thanks to tech rally due to recent growth opportunities provided by rise of AI.
But Nasdaq is reaching significant levels both from S/R perspective and market structure.
1.We are reaching the top edge of the parallel channel
2.We are at PRZ of couple of harmonics (Cypher and BAT).
3. Also, within very close proximity of the top of rising wedge.
Keep a close watch on top tech stocks (Microsoft and Nvidia) Stocks, these have been the primary reasons for a rally in NDX, if these stocks start to fall, so will NDX.
Another reason for anticipating down weeks and months in NDX is due to Breakout in DXY which is -0.81 correlated to NDX. Which means 80% of the time NDX moves opposite to DXY.
To read my DXY analysis, go over the links below.
Nasdaq - The Q's Party is Almost OverThe Nasdaq has shown remarkable strength throughout the year, outperforming market expectations and surprising many investment strategists. In late January 2023, the index experienced a bullish breakout, marking a significant positive signal for growth after a year-long downtrend. However, it's important to note that a bearish pattern has recently emerged, indicating potential limitations to further upside momentum. While the possibility of a false breakout cannot be ruled out, if it were to occur, it would likely be short-lived. Consequently, I anticipate a downward trend for the Nasdaq in the coming weeks. It's worth paying attention to the areas marked by green bubbles, as they represent potential levels of support where bullish investors would want to maintain control. Any significant breakdown of the lower green support area could have severe consequences for growth and overall market performance.
NOT FINANCIAL ADVICE.
nasdaq nalysis 24/04/2023dear traders last setup was respected this key level meant alot so follow the instruction and trade safe wait always for price action to react from each zone good luck
APPLE MASSIVE SHORTApple is currently at the top of a rising wedge and has developed three counts of bearish divergence on the daily time frame. It has also completed a bearish cypher reaching the 0.786 on what seems to be a confirmation high.
The weekly time frame also shows that it has reached the resistance which has held on 4 previous occasions
I AM currently short with 75% of the position I want to take on this. I will add the other 25% at a higher price or I will enter at the break of the wedge. For now I only plan on closing the short at a price above 176, but it depends how we get there so I will update in the comments.
Nasdaq breakdown analysis 27/03/2023Dear traders Nasdaq reached previous monthly candle is seems he may test previous wick so as I said in my chart I’d price came and retest 12776 and close above so it will be change to look for buys at this zone and if price came and breaks below 12776 it will be high chance to keep correcting this move so follow my instructions and wish you the best of luck
NASDAQ BREAKDOWN ANALYSIS 20/03/2023dear traders nasdaq was up trend for last 2 days so it may be new correct for this move so folow my instruction in chart and respect the zones price must react from them i hope you catch the good one
trade safe
NDQ - Are We Headed for Lower...As a trader of the markets you always have to be prepared for black swan events that can become a fork in the road.
Are we at a fork? I think there is real potential for that to be the case.
If you look at my recent ideas there is a common theme. I'm expecting higher bond yields, a stronger dollar, and weaker gold prices.
What does this mean for stocks... Conventional wisdom would suggest lower stock prices.
This is my take on where prices are headed... This pattern breaks down essentially to a double ZigZag.
Longer term view:
ES1!: RALLIES & FALLS / UPDATE / POINT OF CONTROL: 4000 & 3950DESCRIPTION: In the chart above I have provided a MACRO analysis of ES1! a future INDEX on the daily timeframe.
POINTS:
1. Deviation of 250 points would justify placement of SUPPLY & DEMAND POCKETS.
2. Pennant Formation
3. Current CORRECTION FALL is roughly 5.55% falling short by nearly 5% when compared to other CORRECTION PHASES.
RSI: Since the inception of the current bear market price action has only held one time when RSI is at a PIVOT POINT and ready to enter OVERSOLD TERRITORY.
MACD: If MACD is pulled into OVERSOLD territory or anywhere past it's MEDIAN OF 0.00. This will be a strong indicator that price action will fail to hold onto its current channel of 4050 - 3800. And would essentially mean price action will retest past channel of 3800 - 3550.
POINT OF CONTROL: Price action must remain above LEVEL 1 SUPPORT of 4000 & LEVEL 2 SUPPORT of 3950.
SCENARIO #1: In a BULLISH scenario we would come to see price action bounce at 3950 then followed by a move toward 4150 before breaking pennant formation. (Not the safest bet since this scenario would VIOLATE RSI'S TREND FROM THE PAST YEAR)
SCENARIO #2: In a BEARISH scenario we come to see a break below 3950 that would leave to PRICE ACTION not seeing support until 3800. (This would fall in line with what current indicators are signaling)
FULL CHART LINK: www.tradingview.com
CME_MINI:ES1!
NDQ/DJI - Short; Significant Statistical Arbitrage opportunity!While the NDQ/DJI, itself, represents a significant trade opportunity here, even more notably, a number of the index components display remarkably skewed "Greeks"! (For example, APPL-GOOGL, CAT-PEP, TSLA-BA, etc..) E.g., It is a rather strait forward process - at these levels - to assemble baskets of stocks (Long) in each index (Short) with rather juicy, +30%-40% near term (<7 months!) profit targets.
All this is a strait forward process - once one starts looking :-)
p.s. Will provide ideas for some of these stock baskets if/as time allows.
NDX Short AgainIt's a beautiful thing. The charts never lie.
When things start to look as wild as this week's price-action, it is a good idea to look for some kind of "tell". These kinds of moves are like an irresistible vortex for the FOMO crowd and the next thing you know we are down 20%. Is there a case for a deep(er) pullback in the mighty Nasdaq? We will just have to see how price behaves over the coming days...
God bless!
Acts 20:22 - 24
NQ short term bounce wolfe wave setup identifiedThere is a wolfe wave setup on the 78 min time frame. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is 11500 which coincides with the 6 day ma. The ETA is defined by identifying the apex of the wolfe wave and projecting a vertical line toward the green perforated projection line which is the line that extends from left to right.