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Ndxsignals

NASDAQ On a critical 1D MA50 test. Act depending on candle closeNasdaq (NDX) continues to trade within the long-term Channel Down that has helped us identify the trend and take low risk/ high reward trades over the past few months. Our position hasn't changed since our previous update 10 days ago: The bottom and new Lower Low of the Channel was correctly spotted, and now the price is about to test the critical 1D MA50 (blue trend-line). In fact today's flat-red candle could be the same as the rejection one on March 21. A clear 1D candle close above it, should be enough to test the 1D MA100 (green trend-line) which was our medium-term target originally. Failure to do so can alter the similarities with the March fractal and push the price to the 1W MA200 (red trend-line), so in that case be quick to take profits if you followed us and bought on that bottom. As mentioned previously, a 1D candle close above the Lower Highs (top) trend-line of the Channel Down should be treated as a buy break-out signal with the 1D MA200 (orange trend-line) as the target. Similarly, with the 1W MA200 being a significant multi-year Support, a weekly closing below it should target the 1W MA300 (yellow trend-line, scroll chart to see it below). -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
U
by TradingShot
5
NASDAQ Sideways but still off the top of the Channel DownNasdaq (NDX) has been trading sideways since May 30. The 1D MA50 (blue trend-line) is right above with the 1D MA100 (green trend-line) being roughly around the Lower Highs (top) trend-line of the Channel Down. Based on our previous analysis 2 weeks ago, the index was on a W pattern aiming at the Resistance as part of the Lower Highs formation: So far so good if you took that buy, you may start taking profit at will. The reason is that only a break above the 1D MA100 can justify further buying and that's only to the 1D MA200 (orange trend-line), which last time rejected the uptrend from March 29 to April 05. Until the Lower Highs break, the trend is bearish towards the 11500 Support. A confirmed sell if you are looking for a lower risk factor, would be when the MACD makes a Bearish Cross. As for a long-term bullish reversal only a weekly candle closing above the 15300 March 29 High can sustain it. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
U
by TradingShot
5
NASDAQ It is now or never for tech.Nasdaq (NDX) has been trading within a Falling Wedge since its All Time Highs and contrary to the last analysis, it broke the 1W MA100 (red trend-line) and almost hit the bottom (Lower Lows trend-line) of the Falling Wedge. As long as this holds, we can expect a rebound towards the Lower Highs trend-line (top) of the Wedge and more specifically the 0.618 Fibonacci retracement level, which formed the previous Lower High and is currently around 14300. Notice how potentially, it could meet with the 1D MA100 (green trend-line) there. The 1D RSI seems to be bouncing off the Pivot. If on the other hand the Lower Lows trend-line breaks, the next Support level is the 12200 low of March 05 2021 but we doubt it will hold on panic selling and the hidden targets will be the -0.236 and -0.382 Fib extension at around 12115 and 11745 respectively. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4
NASDAQ Still bearish despite the RSI break-outNasdaq has been trading within a Channel Down since the January 24 Low. The index is approaching today the top (Lower Highs trend-line) of the Channel and will remain bearish, unless it breaks above the 1D MA50 (blue trend-line), which comfortably sits just above the top of the Channel. That should target the 1D MA200 (orange trend-line), which trends just below the 0.618 Fibonacci retracement level. If the price is rejected though at the top of the Channel Down or on the 1D MA50, expect a re-test of the 12930 Support and if broken the -0.236 Fibonacci extension. It has to be said though that the 1D RSI broke yesterday above the Lower Highs trend-line since November 04. That is the first bullish sign since the correction started. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
1
NASDAQ changing channel bands for the next 10 years?This is Nasdaq on the 1M time-frame since the recovery from the sub-prime mortgage crisis was set in motion in 2010. As shown, the index has been trading within a Channel Up (log chart) from 2010 until mid 2020. Then in July 2020, it appears that NDX switched bands to one zone higher, illustrated perfectly by using the Fibonacci Channel extensions. As you see, since July 2020, the Fib 1.0 level which was previously the Resistance (top/ Higher Highs trend-line) of the former 2010 - 2020 Channel, has turned into a Support (bottom/ Higher Lows trend-line), and is being currently tested by the current 1M candle of February. Every such Channel bottom test, has been a unique long-term buy opportunity during these +10 years. With the 1M MA50 (blue trend-line) rising rapidly towards the 1.0 Fib level, do you think that will turn into a Support for the next 10 years? Based on this pattern, that looks like the most probable scenario. P.S. Check also the very consistent Resistance and Support levels on the RSI. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:NDXLong
by TradingShot
6
NASDAQ is about to break into long-term bullish territory again.Basically this is a quick update to my January 31 analysis on NDX where I made a case for the importance of this Channel Down: Initially the price got rejected near the top (Lower Highs) trend-line of the Channel Down but since yesterday, it is staging a comeback. As mentioned before, a break above it, will most likely restore the long-term bullish trend on Nasdaq and will aim for new All Time Highs (potentially near the 1.5 Fibonacci extension long-term). The finding of the current idea though, is that the current Channel Down resembles that of the previous correction during September 06 - October 13 2021. For a better illustration, see that Channel below on the 12H time-frame, where th MA50 and the MA200 trend-lines are similar to those of the current Channel Down on the 1D time-frame: Breaking above the 1D MA50 this time, most likely confirms the above. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
5
NASDAQ Channel Down emerged. Trade the rejection or break-out.Nasdaq has suffered the most during January's correction. The Lower Lows created a new Channel Down which we have to consider, despite having the 1D RSI make a rebound from oversold levels and a bottom formation similar to early October, mid-May and early March 2021. The 1D MA200 (orange trend-line) is the first natural Resistance. If the price gets rejected at the top of the Channel Down (Lower Highs trend-line), we'll have a sell signal targeting the Lower Lows trend-line. On the other hand, a break above the Channel Down along with closing above the 1D MA50 (blue trend-line), will be a confirmation that the index has recovered the long-term bullish trend and will be a buy signal towards the Higher Highs trend-line with a rough technical target the 4.0 Fibonacci extension at 17515. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
3
NASDAQ RSI hit the long-term Buy ZoneNasdaq is giving a double long-term buy signal as besides the RSI on the 1D time-frame entering the Buy Zone that has been in effect since the March 2020 market crash, the price itself hit the Higher Lows trend-line that has been holding since the November 2020 U.S. elections bottom. The 1D MA200 (orange trend-line) is right below as it was on all 3 major bottoms of 2021 (March 05, May 13, October 04). We expect the Channel Up top again around 18000 (1.786 Fibonacci extension) by the end of March. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
8
NASDAQ testing the 1D MA50. Buy opportunity.I haven't updated my NDX outlook since December 17 but so far it appears to be trading according to plan after accurately catching that bottom: Today the index made contact with the 1D MA50 again (blue trend-line) and that's a pattern we've seen before twice within this multi-month Channel Up on the chart. As you see, every time Nasdaq approaches the previous High (Fib 1.0) following a Channel Up bottom, the price pulls back to the 1D MA50 (orange circle) and then the rise continues all the way to the 1.786 Fibonacci extension. As a result, we treat this pull-back as a mid-term buy opportunity, especially for those who missed the December bottom. Our target is 17600. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
6
NASDAQ may break even higher than its Channel UpAs mentioned on my previous analysis, the Lower High divergence on the 1D RSI was the signal that Nasdaq would pull-back. The small technical correction eventually ended at around -7% from the top, exactly on the 1D MA50 (blue trend-line). As I've mentioned before, this is generally considered a solid first buy entry. The current chart shows that after a similar correction (8 to 8.50% roughly), NDX always starts a 2 month rise towards the 1.786 Fibonacci extension. The point of bullish break-out is typically when the 1D MACD forms a Bullish Cross, which is currently close to happening. Previously that has coincided with the break above the internal Lower Highs trend-line. The 1.786 Fib extension is currently a little over 17700. If that takes place within the next 2 months, we may see the dominant 9-month Channel Up break upwards and transcend into the Diverging Channel Up displayed in orange. Regardless of that, our next two long-term targets are 17000 and 17600. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
4
NASDAQ resisting the selling pressure. Well supported for now.This is an update on my previous Nasdaq analysis where I called for potential further rise within a narrower Channel Up at the top of the longer-term Channel before a new technical correction comes: So far this view has been confirmed as the Support of the previous Low (bold black line) is holding. See the similarities between now and the mid July - August Channel Up. The RSI sequences are almost the same following an identical RSI bearish divergence on Lower Highs. That should ultimately lead to a blow-off top around 17000. If the small Channel Up breaks downwards and cracks the previous Low, I expect NDX to seek the 1D MA50 (blue trend-line) and if that doesn't hold either, possibly make a Low on the bottom of the 9-month Channel Up or even the Diverging Higher Lows trend-line. Trade accordingly and with caution as Friday's Nonfarm Payrolls report is very likely to shape the fundamental landscape of this month with regards to the Fed's taper program. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
3
NASDAQ The level that has to holdNasdaq is ahead of critical crossroads as the Lower Highs on the RSI on the 1D time-frames show a bearish divergence against the Higher Highs of the actual price. When the 1D RSI formed this sequence in the past, the index dropped at least -8% but only if the previous Low broke (black support). In mid July the Low held and Nasdaq continued on a small Channel Up towards one last Higher High before eventually correcting -8%. As a result, I expect a Higher High as long as the previous low holds. If broken then a bottom on the Diverging Higher Lows trend-line is possible. In either case the next bullish target is 17000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
3
NASDAQ 4H Golden Cross aims at 16300 long-termMy most recent Nasdaq post was a buy signal on the 1D MA50: Currently we have a buy continuation signal for the long-term towards the 1.5 Fibonacci extension (16300) with a potential short-term pull-back to add more longs on the 0.5 Fib retracement or the 1D MA100 (red trend-line). This is based on the May - June fractal whose pattern is so far following in great detail the current price action. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
2
NASDAQ Testing the 1D MA50It's been some times since my last update on Nasdaq. As you see on my previous idea below, the break below the 1D MA100 (green trend-line) turned out to be accurate as the index made a Higher Low at the bottom of the long-term Channel Up and rebounded: The first bearish barrier broke when the Lower Highs (inner) trend-line broke. As you see on all past fractals within the Channel Up (since November 2020), that signaled the start of a rise to a new All Time High (and Higher High for the Channel Up). However as the price is now testing the 1D MA50, if rejected, it may take another week or so before resuming the uptrend, assuming the 1D MA100 holds as Support, in a similar way to the March sequence. The long-term targets on Nasdaq remain 15700 and 16350 in extension. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
TVC:NDQLong
by TradingShot
3
NASDAQ Start looking for a buy near the 1D MA100 after the FedTwo weeks ago NDX formed a peak formation at the top of the multi-month Channel Up (Higher Highs) and I posted the following chart calling for a strong correction: As you see that correction is currently underway and having broken below the 1D MA50 (blue trend-line) is looking for the patterns strongest Support, the 1D MA100 (green trend-line) which has been the most optimal buy level since April 2020. In fact more recently (March and May), the index rebounds shortly after it breaks marginally below the 1D MA100. With the Fed meeting tomorrow being crucial for the market as it either ensures the continuation of very low rate policy (bullish) or signals a start to raising rates (bearish), expect high volatility that may cross the 1D MA100 momentarily on a wick and recover quickly. If the peak I called two weeks ago is the (A) leg, then we are about to complete (B) which on a 1 year basis has been the best buy entry. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> Vergnes --------------------------------------------------------------------------------------------------------
NASDAQ:NDX
by TradingShot
2
NASDAQ initiating a strong correction?This idea is a continuation to my analysis posted on August 26: It appears that the leg count and the similarities (so far) of the current price action with the January-February sequence was correct. If the pattern continues to replicate in the same way, then Nasdaq is ahead of a strong correction as this suggests we are currently at the top of the last leg (A). In February 2021 that resulted in almost a -12% correction that broke below the 1D MA100 (green trend-line) before rebounding. -12% from the top suggests a pull-back value of 13840 while the 1D MA100 is currently at 14417. Perhaps a Fibonacci extension measurement from the last Higher Low (the bounce on the 1D MA50 (blue trend-line)), would be more accurate. In February the correction stopped exactly on the 1.618. Currently the 1.618 Fib ext is at 14176.50. If this is indeed the start of a similar correction within the long-term Channel Up, is that a reasonable target for you? ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> GJMRealEstate --------------------------------------------------------------------------------------------------------
NASDAQ:NDXShort
by TradingShot
3
NASDAQ approaching a medium-term topFollowing my most recent analysis on Nasdaq (see chart below), the Channel Up where the index has been trading on for almost 1 year, has traded to perfection: At the moment, the price is trading exactly on the top (Higher Highs trend-line) of the initial Channel Up (blue) and if broken, a new Channel Up (red) may emerge on a marginal divergence. This brings forward the following interesting fractal. Since February of this year, Nasdaq seems to be repeating the September 2020 - January 2021 pattern. As you see on the chart, the (A) to (E) path count is almost identical and it this is the case, then we are currently at the completion of wave (E) with only the blow-off top of (A) remaining. Notice how the RSI sequences are also fairly similar. Therefore it may be a good idea for investors to pause buying for a few days/ weeks and return right after the index makes contact with the 1D MA100 (green trend-line) again as it has done on the last three major buy events within the Channel Up (October 30 2020, March 04 2021, May 11 2021). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> nevada999 --------------------------------------------------------------------------------------------------------
NASDAQ:NDX
by TradingShot
6