NQ1! 5/30-5/31 S/D LEVELSUS Debt ceiling votes are in tomorrow, Wednesday 5/31.
Although the agreement is not what both parties want to the T, I have a feeling they will agree on the vote because it is for the greater good. If they do not agree, we are headed into default which will hurt the economy tremendously. We cannot afford to have that happen right now because of bank system failures, inflation, and other news events that are impactful. Needless to say, I think we see a spike in longs to end the month green.
BULLS: 14661-667 to 14612
BEARS: 14299 to 14089
I am following per pivot points and my S/D areas. We have reasons to be on both sides as I see we are partially balanced even tho we had heavy bull power lately. Bulls can continue up due to good news and no true resistance to the upside. Bears can take over for a retracement and liquidity zones.
Link to chart: www.tradingview.com
NASDAQ 100 E-MINI FUTURES
NASDAQ There is still room to riseNasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h).
The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci.
The long term pattern remains a Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022).
Tips:
1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100.
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Notes:
Past trading plan:
💡 SPX Seasonality: Sell in May and Go Away. Here's Memorial DayMemorial Day (originally known as Decoration Day) is a federal holiday in the United States for honoring and mourning the U.S. military personnel who have died while serving in the United States Armed Forces.
For nowadays, it is observed on the last Monday of May, and this year it is observed on May 29, 2023.
Memorial Day is considered a U.S. stock market holiday, which means the Nasdaq and New York Stock Exchange will be closed Monday, May 29.
What is Sell in May and Go Away?
Sell in May and Go Away refers to a well-known adage in the business and financial world. The phrase refers to an investment strategy for stocks based on the theory that the stock market underperforms in the four-month period between May and October (since June until September). In contrast, the 3-months period since November and until January sees much stronger stock market growth.
For many past years I used many other websites to analyze seasonality of major stocks, indices, Fx pairs and commodities.
Thanks to TradingView community and its awesome @tradeforopp wizard, the script Seasonality has changed the rules .
As it described on Indicator webpage , This Seasonality indicator is meant to provide insight into an asset's average performance over specified periods of time (Daily, Monthly, and Quarterly).
How the Sell in May and Go Away Strategy Works
If investors follow the Sell in May and Go Away strategy, they sell stocks at the End of May (or during the late spring) and have the proceeds held in cash. Then, the investors would invest again in early October (or in the late autumn). That means, the investors would avoid holding stock during the summer months.
History of Sell in May and Go Away
👉 “Sell in May and Go Away” has its origins in England or, more specifically, in London’s financial district. The original phrase was “Sell in May and go away, come back on St. Leger’s Day,” with the latter event referring to a horse race.
👉 Established in 1776, the St. Leger Stakes is one of the most well-known horse races in England, being the last leg of the British Triple Crown and is run at the Doncaster Racecourse in South Yorkshire in September of every year. In its original context, the adage recommended that British investors, aristocrats, and bankers should sell their shares in May, relax and enjoy the summer months while escaping the London heat, and return to the stock market in the autumn after the St. Leger Stakes.
👉 In the U.S., some investors have adopted a similar strategy by refraining from investing during the period between Memorial Day in May and Labor Day in September.
Relevant Statistics and Considerations
👉 Historical data have generally supported the “Sell in May and Go Away” adage over the many years. The S&P 500 Index has recorded a cumulative three-month average annualized return of more than 10% in the period between November to January, based on the statistics data collected over the past 151 years.
👉 At the other side, S&P500 an average annualized gain is about Zero between May and October (June till September), based on the same statistics data collected over the past 151 years.
👉 Seasonal factors play an important role here, as end-of-year bonuses and the Santa Claus Rally, which refers to the stock market’s tendency to rally over the last few weeks of December into the first few months of the new year. Some theories behind it include increased holiday shopping, optimism and morale fueled by the Thanksgiving Day, winter holidays, or investors settling their books before going on holiday.
February and March are relatively mild in terms of growth. The stock market could lifts in April and May due to the anticipated release of the first-quarter reports (for example, like after recently announced Q1'23 NASDAQ:NVDA report).
👉 In contrast, the summer time tends to be less optimistic, with first-quarter results over and many people spending less time paying attention to stocks as they go on summer vacation. In addition, specifically in election years, there tends to be a weakness of the stock market in September due to the uncertainty of the election results.
The conclusion
👉 It should be noted that returns have often varied in different time periods, and there have been many exceptions.
👉 However the upper chart (SPX Seasonality) clearly illustrates that based on the statistics data collected over the past 151 years, the timeframe since June until September, averagely is the worst time to invest into SP500 Index, while June and September are the worst performer months over the all history of S&P500 since 1870s.
👉 Memorial Day could be considered as a starting point for the strategy, where the negative return of the following business day (or business week in a case of no significant change) after Memorial Day usually predicts the further stock market trends and directions until October (begin of fourth quarter).
NASDAQ: Overbought and in need of a technical pull-back.Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and the 1.5 Fibonacci extension (TP = 15,300).
Prior idea:
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NQ UpdateMFI rapidly falling and it'll probably go oversold before the market opens tomorrow..... which means another pump?
Hard to believe with 3 hr RSI still close to overbought, and both daily and weekly indicators are also overbought. Not chasing it that's for sure.
Shorting BUD via weekly options. I teach skiing, and one of the funniest things a kid said was "the cheese is falling off my pizza." Looks to me like BUD lost the cheese and the pepperoni, lol.
Probably safe to hold puts overnight, but looks at indicators before market open tomorrow. I'll probably throw a post up since I have an open position. A whipsaw at the top is pretty common, the market rarely throws a clean reversal.
US100 BUYHello, traders. The Nasdaq is coming out of the negativity. And it broke the bearish flag, there are very positive signs on the upside. With the resistance 122000 broken, there is more to go up . Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
NASDAG BUYThere is a high possibility that the NASDAQ will rally as the descending channel is broken and the side flag is broken. What do you think, my friends?!
#AMD3 Leveraged 3x Long with American Micro Devices StocksAll the World chipmakers are on the rush this night, due to Nvidia Q1'23 Earnings Report.
LSE:AMD3 is the Leverage Shares 3x AMD ETP Securities that seeks to track the iSTOXX Leveraged 3x AMD Index, which is designed to provide 3x the daily return of Advanced Micro Devices, Inc. stock, adjusted to reflect the fees and costs of maintaining a leveraged position in the stock.
It invests directly in the underlying Advanced Micro Devices, Inc. stock and uses margin (borrowing) to purchase additional shares of Advanced Micro Devices, Inc. stock.
For example, if Advanced Micro Devices, Inc. rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However, if Advanced Micro Devices, Inc. falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
Key Features
• Opportunity to magnify returns in one simple trade.
• Liquid. Trades like an equity on exchange, with multiple market makers (MMs).
• You cannot lose more than the amount invested, and an intraday rebalance mechanism is designed to cushion the largest intra-day falls.
• Simple to trade, no need for futures, no need to use margin accounts.
• Transparent structure with full ownership of the underlying assets, so credit risk effectively negated.
• Is independent and managed by industry experts.
Key Risks
• Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns.
• Investors can lose the full value of their initial investment (but not more).
• Losses are magnified due to the nature of leveraged returns. Therefore, Short and Leveraged ETPs are only suitable for investors willing to take a high level of risk.
• Daily compounding may result in returns which an investor may not expect if the investor has not fully understood how a Leverage Shares ETP works.
• Due to daily rebalancing and compounding, ETP returns measured over periods longer than one day may differ from the returns of the underlying stock multiplied by the leverage factor.
• Only use these ETPs if you can monitor your positions daily or during the day.
• Not an investment advise, so please see and read carefully the ‘Risks Factors’ section of the Prospectus for a more detailed discussion of the potential risks associated with an investment in this product.
Key TA Highlights
• LSE:AMD3 trades higher its weekly SMA(52), since middle of the May, 2023
• Technical picture indicates the possibility to further 100 per cent upside price action.
nasdaq 🌊Greetings,
A mirror to my tableau painted for Bitcoin,
I surmise that the Nasdaq is engaged in the theatrical rendition of a cycle degree fourth wave.
Historically,
these fourth waves are prone to a tactical withdrawal into the realm of the prior degree wave four territory.
In this distinct instance, the territory in question lurks in close proximity to the abysmal pits of the pandemic nadir.
A bullish harbinger would manifest should the Nasdaq maintain an altitude above these pandemic depths for the duration of this bear market.
If such a trend is confirmed, i will dare to anticipate an audacious ascent to the lofty summit of $30,000 as we voyage through the decade towards the 2030 agi revolution.
---
w4 - $8,100
w5 - $30,000
☿
NASDAQ On a strong Channel Up eyeing 14400.Nasdaq / US100 is rising following a rebound on the 4hour MA50.
The pattern is a Channel Up with the 4hour MA200 the medium term Support since March 16th.
This rally can complete a +13.40% rise if it follows the March 13th - April 4th bullish wave.
Buy on the spot and target 14400.
Previous chart:
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#3NVD Leveraged 3x Long with Nvidia Corporation StocksAll the World chipmakers are on the rush this night, due to Nvidia ( NASDAQ:NVDA ) Q1'23 Earnings Report.
LSE:3NVD is the Leverage Shares 3x Nvidia ETP Securities that seeks to track the iSTOXX Leveraged 3x Nvidia Index, which is designed to provide 3x the daily return of Nvidia stock, adjusted to reflect the fees and costs of maintaining a leveraged position in the stock.
It invests directly in the underlying NASDAQ:NVDA stock and uses margin (borrowing) to purchase additional shares of Nvidia.
For example, if Nvidia rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However, if Nvidia falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
Key Features
• Opportunity to magnify returns in one simple trade.
• Liquid. Trades like an equity on exchange, with multiple market makers (MMs).
• You cannot lose more than the amount invested, and an intraday rebalance mechanism is designed to cushion the largest intra-day falls.
• Simple to trade, no need for futures, no need to use margin accounts.
• Transparent structure with full ownership of the underlying assets, so credit risk effectively negated.
• Is independent and managed by industry experts.
Key Risks
• Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns.
• Investors can lose the full value of their initial investment (but not more).
• Losses are magnified due to the nature of leveraged returns. Therefore, Short and Leveraged ETPs are only suitable for investors willing to take a high level of risk.
• Daily compounding may result in returns which an investor may not expect if the investor has not fully understood how a Leverage Shares ETP works.
• Due to daily rebalancing and compounding, ETP returns measured over periods longer than one day may differ from the returns of the underlying stock multiplied by the leverage factor.
• Only use these ETPs if you can monitor your positions daily or during the day.
• Not an investment advise, so please see and read carefully the ‘Risks Factors’ section of the Prospectus for a more detailed discussion of the potential risks associated with an investment in this product.
Key TA Highlights
• 3NVD trades higher its weekly SMA(52), since middle of the May, 2023
• Technical picture indicates the possibility to further 100 per cent upside price action.