More possible downside for NQPrice has moved for ERL(ATH) to IRL(Weekly Bullish OB) which created a MSS on the weekly time frame.
Price has retraced nicely off of the Weekly OB and is now entering premium of the current dealing range on the daily
- This week we will not trade on Monday as there is no news and will be expecting accumulation.
- If market sentiment has truly shifted I am expecting to see Monday accumulation, Tuesday to create the high of the week into that daily FVG, and then expansion lower to reach for previous weeks low.
- If that Daily FVG is violated I’ll be expecting ATH again.
NASDAQ 100 E-MINI FUTURES
Nasdaq: Support? Check! ✅The support at 17,372 points seems to be holding: Yesterday, the Nasdaq touched down on the red line once again, but immediately used it as a springboard for a further upward swing. This is good news for our primary scenario, as there is still a long way to go until the top of the magenta wave (i) is reached. If the Nasdaq continues to defend the 17,372-points mark so bravely, it will keep its distance from our (45% likely) alternative scenario of a new wave-alt.(ii) low in the blue Target Zone (coordinates: 16,424 – 15,118 points).
Forecasted to Reach New All-Time High with +14% Upside PotentialHi Realistic Traders, let's delve into the technical analysis of NASDAQ:GOOG
Google has rebounded three times on the EMA200 Line with upward impulsive movement, indicating a continuation of the bullish trend. Additionally, it has formed a bullish chart pattern known as a falling wedge pattern. In March 2024, it broke out of the falling wedge pattern with a bullish full-body candlestick and higher-than-average 7-day trading volume . This higher-than-average trading volume is significant as it suggests increased market participation and conviction behind the price movement, reinforcing the validity of the breakout. Moreover, the MACD has made a bullish crossover, signifying a shift towards upward momentum. A bullish crossover in the MACD is a crucial signal in technical analysis, indicating a potential reversal from bearish to bullish sentiment. This occurrence is significant as it suggests strengthening buying pressure, often foreshadowing further upward movement in the price. Analyzing these technical factors, we forecast a potential upward movement to our designated target.
It is essential to note that the analysis will no longer hold validity once the target/support area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on GOOG."
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Nasdaq Analysis: Fibonacci Retracement and RSI DivergenceThe Nasdaq has reached an intriguing point around the 17200 area, where it sits at the 61.8% Fibonacci retracement level from the previous swing low. Price action appears to be responding to this level on lower timeframes, and we've also observed a divergence on the RSI indicator on the H4 timeframe, coinciding with the price attempting to move out of oversold conditions. We are considering a scalp position with a potential take profit at the 38.2% Fibonacci level, and possibly at the Point of Control (POC) Volume for an extended take profit.
NASDAQ Relief rally to 18000 ahead?Nasdaq (NDX) finally hit yesterday our long-term bearish Target (17130), which we called a while ago (March 12, see chart below) but was postponed due to the Double Top formation:
The index is now on a mixed sentiment as even though it is on a correction sequence below the 1D MA100 (green trend-line), the 1D RSI hit the 30.00 oversold limit as this Bearish Leg almost completed a -8.50% decline.
During the previous Bearish Leg of the multi-month Channel Up pattern, the index had a relief rally towards the 0.786 Fib, after an initial -8.50% decline. We can see that this took place on the 0.3 Fib (blue) from the top.
As a result we expect a short-term (at least) bounce to 18000. As long as the index doesn't break above the (blue) Channel Down and in particularly close a 1D candle above the 0.786 Fib (18150), we can expect a Lower Low after this relief rally. If it does close above it, we will resume most likely the long-term bullish trend earlier and we will update our position.
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Nasdaq 4h Daily Commentary
"#Nasdaq : On the 4-hour chart, there's a clear indication that the price continues to move downwards. If we are bearish, I expect to see the price fill the liquidity gap and then break the previous low, directing the liquidity in Tue 16 Orderblock. However, if we break the last bearish defense in the chart, it will lead us to anticipate a rally upwards. I will provide daily updates on the 4-hour charts. If you have any questions or something you would like me to include in my analysis tomorrow, please leave it in the comment section below.
Good luck to everyone in their trading endeavors!"
$SPX over perform NQ | Shift towards valueBeen tracking this one for weeks now as we've formed a bottom and reclaimed support.
We think across markets, we're seeing a macro shift away from speculative tech and towards value. TVC:SXXP (European SPX) could be forming a bottom vs SPX as well.
What this over performance could look like remains to be seen. Could be more defensive in a downward move or if we catch support, it could be over performance to the upside.
Regardless, the real message here is the shift away from US tech for the foreseeable future.
Finally breaking through to bull side RSI on the weekly and AO flipping bullish.
not touching NQ for a good while.
Something to note is the original support bottom on this chart was the Nov '21 top across markets and Jan '23 was market bottom.
NQ1! SENDS CLEAR BULLISH SIGNALS|LONG
Hello,Friends!
NQ1! pair is in the downtrend because previous week’s candle is red, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 17886.00 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely.
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Nasdaq Weekly Analysis Sure, here's the corrected text:
We see the price bouncing from Mon 10 OCT '22 after a year and a half of bearish market and going directly to retest the all-time high on Mon 22 Nov '21 again by MON 22 JAN '24. However, it starts to move towards a new all-time high, but with limited liquidity hindering further price increase. We've already witnessed a significant bullish move, and it's time for the market to correct itself. We've observed a weekly candle breaking the market structure forcefully towards the order block from Tue 02 Jan '24 and breaking the 50% retracement level from Mon 23 Oct '23 low to the all-time high. We anticipate the price to continue being bearish to shake out buyers and accumulate new liquidity if we aim to reach a new all-time high.
Our focal point in the NASDAQ for the 2Q is the breaker from Mon 24 Jul above the 50% Fibonacci level of the bullish leg and between 0.6/0.7 of the Fibonacci level to turn bullish. Breaking Mon 23 Oct '23 liquidity support would put us in a significantly bearish condition.
SELL NASDAQAs you can see on the chart,
The market has depleted all the buyers power in the last up move (as shown on the chart) and got overtaken by the sellers.
Now we'll wait for the market to go up to our Selling zone at 17369.62, SL and TP as sat on the chart.
For further questions doon't hesitate to ask!
NQ-M2024: Q2 positional short trade setuphello TradingView members,
after all kinds of analysis done, when possible future events taken into account, now it is time to translate into risk management analysis and bias. this is related only to the current leg, we may go lower than the target as long the stop-loss is not triggered.
the idea is about sharing this setup is to allow also others to consider a possibility, to think about a scenario that may mature into the right trade setup.
do not treat the whole as holy bible but as risk management practice for a bias. it is just an idea. personally, I do trade this setup also in narrower time frames and I would scalp in addition during the process, but each person has own strategy and own approach to the market and trading the market.
feel free to comment, try to do that in a productive manner, so the oversight over this idea would allow fine tuning and improvements. let us see how the market to show this setup in a hindsight. again, feel free to comment and to contact me directly.
sincerely, all the best,
Fluke
Liquidity Crisis may happen, Market TOPPED OUTLiquidity Crisis may happen
most of hedgefund did buying treasury bond and then treasury bond margin loan ,
so they made almost 50x leverage on bond market
times over and over now only t-bill s gonna be recognized as collateral
so t-bill market happend this method
But NFP is too strong, FED didn't do Rate Cut now
So t-bill is bubbled now, we are gonna kill it
and stock market just knew there's plenty of liquidity until today
Only when the tide goes out do you discover who's been swimming naked.
So market topped out
NASDAQ: This is a short term correction leading to 21,500.Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November 2020 that resumed the uptrend afterwards almost as high as the 4.0 Fibonacci extension level. The RSIs are very much alike as well, under LH trendlines. Consequently our long term target is slightly under the 4.0 Fib (TP = 21,500).
See how our prior idea has worked out:
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NASDAQ Emphatically below its 1D MA50 after +5 months!Nasdaq (NDX) is on the pull-back process, a correction that we called on our March 12 idea (see chart below) when the index reached the top of its 1 year Channel Up:
Even as recently as last week (see chart below) we called for the ideal sell entry and set a 17500 Target:
As you can see, the index emphatically broke and closed below the 1D MA50 (blue trend-line) yesterday for the first time in more than 5 months (April 04 also closed below it but only marginally). That is technically as strong bearish break-out signal.
The idea now is that we want the index to hit the 1D MA100 (green trend-line), which has been intact since November 06 2023, see how the market reacts and then determine if that is a low or not. Technically if it replicates the August 18 2023 Low, we should be expecting a Low on the 0.3 Fibonacci retracement level at 17,150 at least, which also happens to be just above Support 1.
The decline on the Aug 18 2023 Low was of the -8.52% magnitude, so that gives us a 16900 downside limit. We don't expect the pull-back to go that low though this time. A fair bottom signal can be when the 1D RSI hits 35.00 or the bottom of its Channel Down, similar to what took place on August 18 2023.
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SP500 Forecast: Navigating Bearish Trends Towards New All-Time HThe S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high."
Cela semble indiquer que vous prévoyez une baisse temporaire du S&P 500 vers les niveaux de prix mentionnés, avant qu'il ne reprenne sa tendance haussière et crée de nouveaux sommets historiques.
User
traduit moi ça en anglais
ChatGPT
"The S&P 500 is bearish and heading towards the price zone of 4499.50 and 4430.50 before rising to create a new all-time high.
NASDAQ Will the 1D MA50 hold or break and start a correction?Nasdaq (NDX) marginally broke and closed a 1D candle below the 1D MA50 (blue trend-line) last week but quickly recovered on Friday and this week has established its price action above it. Still it is under Lower Highs following the March 21 Double Top.
It is a fact that the 1D MA50 hasn't been broken in 5 months (since November 03 2023) so last week is the first bearish sign after much time, but the quick recovery leaves a neutral, to say the least, tone. However, the (dashed) Channel Up is already broken downwards, so we will wait for a final bearish confirmation, with the condition being another 1D candle closing below the 1D MA50.
If that happens, we expect a Channel Down to emerge similar to July - October 2023. In that case, we will be looking on the short-term for a 1D MA100 (green trend-line) test, with a minimum Target at 17500.
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