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NQ1

NASDAQ Is this what the markets fear the most?More than a month (August 16) ago we called for caution on Nasdaq (NDX) after calling for a short on the 1W MACD Bearish Cross formation (see chart below): This analysis didn't receive the attention it should as it delivered bad news that market participants wanted to ignore. The 1W MACD Bearish Cross on such a high level hasn't been seen since 2021 and that brought memories of the Inflation Crash. This week the index broke below the 1D MA100 (red trend-line) for the first time in 6 months with the 1W RSI turning neutral below 55.00 after being massively overbought from late May to late July. So far this looks like a healthy (and much needed) correction, similar to the 1D MA100 hit-and-rebounds of October 26 2020, March 01 2021, May 10 2021, September 27 2021. The common characteristic on all was that no 1W candle closed below the 1W MA100 and no selling sequence broke below the Support provided by the first candle that approached or hit the 1D MA100. This time that Support is at 14550. So far the current pattern resembles more the August - October 2020 fractal as the 1W MACD Bearish Cross is the widest while also formed after an incredible rally from the market bottom (it was the COVID flash crash recovery then). Check also the 1W RSI which is remarkably symmetrical. Also every such fractal that didn't cause a crash, broke quickly above a Lower Highs trend-line. The only one that didn't was the market peak fractal of November 2021. In our opinion, as long as Nasdaq holds the 14550 Support, it will become a buy opportunity the moment it breaks above the Lower Highs trend-line. In that case, we will resume our 16770 long-term Buy Target (and All Time High). If however it closes a 1W candle below the Support, we would expect a sharp sell-off to the 1W MA50 (blue trend-line), as it happened on the January 17 2022 candle. In that case we will need the fundamentals that will surround the market at the time, to determine the risk of buying at 13500 (projected contact level with the 1W MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
9
As we Approach the 4307.50 target, a Reminder Seems AppropriateI’ve written about price heading to the mid 4200’s to low 4300’s for a while now. By my count, I’ve written a total of 4 times just in the month of September. Links below: Sept 15 Sept 14 Sept 8 Sept 2 The target moved up slightly following the Sept contract change to Dec from 4256 to 4307.50. As the analysis changed, I adjusted my targets. But I must be honest, this has been a difficult pattern to trade so far up till today. From an educational standpoint, yes, I found some silver linings. Ones in which I feel will end up working in my favor in the future. However, I didn’t decide to write this article to announce to my followers how great of an analyst I am. I did so to issue a reminder. When price does finally come into the 4307.50 area…if we bounce impulsively higher in a 5-wave pattern, we may complete an abc correction to the downside and rally for the remainder of 2023. However, if we breach 4307.50 to the downside for a sustained period of time, and price continues to move through the 4250 level. That is our first big clue (NOT CONFIRMATION) that we’re headed to 3200-3300 MINIMUM IN early to mid 2024... Just a friendly reminder. Best to all, Chris
CME_MINI:ES1!Short
by maikisch
9
NASDAQ Heavily bearish. Short the next bounce.Nasdaq / US100 has turned bearish on the medium term after crossing under the 1day MA100. The 4hour RSI is oversold so on the short term we can see a rebound, that will be ideal for a new short position. So far it follows the structure of the prior selling sequence (July 19th-August 18th) and proportionally we are on the spot where the bounce happened on Fibonacci 2.0. The closer to the 4hour MA50 it gets, the better. Sell and target 14430 (Fibonacci 2.786). Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Short
by TheCryptagon
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: Below the 1D MA100 after 8 months! Attention needed.Nasdaq crossed under the 1D MA100 today for the first time since January 20th (exactly eight months) with the 1D technicals turning bearish (RSI = 38.504, MACD = -53.900, ADX = 32.187). Following a much more hawkish than expected Fed yesterday, the market is taking this opportunity to take profits on a relief pull-back after what was basically a non-stop rise throughout the year. From a purely technical perspective, the pattern that has the most probabilities to emerge is a Channel Down. Assuming a perfect symmetry on its LL legs, we expect the current wave to be the bearish leg that will take it on a -8.72% decline to the bottom of the Channel Down. We will sell as long as today's candle closes under the 1D MA100 and target a little over S2 (TP = 14,300). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
1
NASDAQ Channel Down buy signal. Short term.Nasdaq is trading inside a Channel Down pattern after the August bullish wave failed to cross over the Falling Resistance of the July High. The price is currently off a bounce at the bottom of the Channel Down and around the MA200 (1h), which makes it a buy opportunity. Trading Plan: 1. Buy on the current market price. Targets: 1. 15450 (top of Channel Down and Falling Resistance). Tips: 1. The MACD (4h) formed a Bullish Cross on the same level as the Channel's prior Lower Low. An additional buy indication. Please like, follow and comment!!
CAPITALCOM:US100Long
by TradingBrokersView
6
NASDAQ Bottom of the 2023 Channel but watch out if it breaks.The Nasdaq Index (NDX) has been basically trading sideways and around the 1D MA50 (blue trend-line) since September 07. This led the price to the bottom (Higher Lows trend-line) of the long-term Channel Up pattern that has been in effect since the December 29 2022 market bottom. The key Support trend-line has been the 1D MA100 (green trend-line) which has been holding since January 20. As a result, this is the most optimal level to enter a buy (bottom of the Channel Up) and target Resistance 2 at 16570 (January 04 2022 High). If however the price breaks below the 1D MA100, we will take the loss and instead open a sell, targeting the 1.5 Fibonacci extension at 13900, on a potential contact with the 1D MA200 (orange trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
2
NASDAQ A WARNING OF A POSSIBLE CRASHhello traders i hope you had a profitable week , today we are taking a look at US100. since the beginning of 2023 Nasdaq Started a Bullish Move from 10690s to 1590s. Analysing the WEEKLY tf we can see that the buyers dominated the market which caused the price to form higher and higher highs and forming a BULLISH TREND LINE . But it this summer it seems like the buyers are weakening since the price recently failed to form a higher high instead it broke market structure and formed a lower high. The RSI indicator can confirm this statement as it indicates a Bearish divergence since the beginning of june (price forming higher highs on chart but lower highs in rsi). indicating the strenght of the buyers is declining. we can also spot A reversal pattern the DOUBLE TOP which also indicates this possible bearish reversal. Here are our Bearish Clues : - Break in Market structure - DOUBLE TOP formed - Bearish RSI signal Confirmation : Break of the Bullish Trendline Extra Confirmation : Break of the double top neckline. i believe the market my start a strong bearish move that will push the price down atleast to the 14000s. i post SETUPS and analysis for free on my trading view for FREE be sure to follow me to not miss out. this is not financial advice just my humble opinion trade safe !
CAPITALCOM:US100Short
by xAB777
NQ1!, Rollover, OPEX and etc.Am I bullish or bearish while looking at this daily chart? The answer is neither. A lot had happened this past week: contract rollover, CPI, PPI, quadruple witching. It seems like trading was a mess and chaotic. Many gurus preached on FinTwit to stay away from the market and preserve the capital. I do see a value in those warnings. Especially, for those who are not comfortable with reading the price action or does not have a grasp on what price levels are important. Market action creates a lot of noise and may derail any professional. My approach is to go to a higher timeframe to filter out the noise and most important to focus on the important price levels. A Fib retracement on the chart gives those projected levels to focus on. Here is my price action dissection: multiple attempts to get over the 61.8% have failed, the price is pushed back hard to retest the levels below. I added a new rectangle as the area of interest. I do not attempt to predict whether those level hold or not. I let the market to show that. In my view, the price is stuck in a large consolidation area since June, a few fake outs in August pushed the price back in the middle of that consolidation. Usually, the middle of a consolidation area is where the price oscillates while both sides make attempts to gain control and this is exactly what we see since the last week of August. 09/16/2023
CME_MINI:NQ1!
by SviCapital
Weekly Update: Strap-In and be PatientToday, we have clearly started our descent down to the low 4300 level. I have posted about this sort of move for a while now. This move to the 4300 level will not happen in a day, nor do I think it will reach my target by next week. However, I do think this will be the type of descent that will not allow for good short entries. That day has come and gone. We now track a pattern that is in the very initial stages of carving out a 5-wave structure towards the low 4300. I offer one thing of support to those who are already short. This is now an incomplete wave 1 and should finish today or Monday...but if you think this is swift and scary...wait for wave 3. LOL Best to all, Chris
CME_MINI:ES1!Short
by maikisch
🔥decided to make this particular post public, as a direct update to the last public midnight session (if you don't know what that is, you probably don't need to). >i've shared both the bull and bear idea, and having the time to really observe the markets over the last couple of week including every possible factor which i could think of, i've gotta say - things really do look bullish. 70% of the whole market is short, which gives us incentive to squeeze higher, likely beyond anyone's greatest expectations. people are frightened for some reason, and jpow is ready to hike rates higher, which is bullish historically. the market will generally push up until jpow pivots, which he clearly told us at the jackson hole meeting that he is not going to do yet. so i'ma bring up an old post of mine, one which really highlighted this situation nicely. if you are curious as to why any of this is even happening, i'd like to you read the original post: have a nice evening.
CME_MINI:NQ1!
by notoriousbids
10