NQ1
NASDAQ critical crossroads for the short-term.Nasdaq (NDX) recovered its 4H MA50 (blue trend-line) on Friday, which is something that puts the short-term pull-back since September 26 on hold. In fact, as long as the 4H MA200 (orange trend-line) holds, the index is more likely to resume the long-term Channel Up pattern and post a similar +11.00% rebound. So for now, we remain bullish, targeting 21600 (+11.00% from the last week's low).
If on the other hand the 4H MA200 breaks, we will most likely extend the short-term correction all the way to the dotted Higher Lows trend-line. Of course in that case, the (blue) Channel Up will be invalidated, and we will take the loss on the long and sell instead, targeting 19000.
The 4H RSI is posting a Bear Flag similar to August 29 - September 02, which favors the bearish scenario.
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NASDAQ - Short active !!Hello traders!
‼️ This is my perspective on NASDAQ.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. I expect bearish price action after price filled the imbalance and rejected from OB + trendline.
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DreamAnalysis | Nasdaq Analysis Trends and Key Levels✨ Today’s Focus: US100 (Nasdaq) – A Critical Market Asset
We’ll analyze recent price movements and share insights on potential future trends based on key market levels.
📊 Current Market Overview:
Currently, the price has swept a significant Sell-Side Liquidity (SSL) level, but there hasn’t been much movement since. The market is consolidating, and it’s essential to monitor the recent Buy-Side Liquidity (BSL) and SSL levels. Based on current conditions, we anticipate a likely downward movement, and we’ll explain why.
🕓 Key Levels to Watch:
Here are the critical zones we’re tracking:
- PMH: Previous Month High
- PML: Previous Month Low
- PWH: Previous Week High
- PWL: Previous Week Low
- BSL: Buy-Side Liquidity
- SSL: Sell-Side Liquidity
- 4H FVG: Fair Value Gap (imbalance zone)
These levels represent crucial areas where price may accumulate liquidity or rebalance. Fair Value Gaps (FVGs) indicate zones where the market might retrace to gather orders before continuing its trend.
📈 Bullish Scenario:
For a bullish outlook, we would look for long positions following a sweep of the Previous Week Low (PWL). However, we need to wait for the SSL to be taken out first. Once that occurs, we can target long positions aimed at the Buy-Side, specifically focusing on the BSL and Equal High (EQH).
📉 Bearish Scenario:
The optimal bearish scenario involves a sweep through the Buy-Side Liquidity (BSL), followed by a tap into the 4H Fair Value Gap (4H FVG), which coincides with the 0.5 Fibonacci Retracement level. Alternatively, we could see the price rise higher, taking out the EQH or even the Previous Month High (PWH) before reversing. Therefore, we’ll need a lower time frame (LTF) entry model rather than entering shorts impulsively.
📝 Conclusion:
Stay adaptable to evolving market conditions. By closely monitoring these key levels and scenarios, you’ll enhance your strategy and identify potential opportunities.
🔮 Looking Ahead:
Keep an eye out for updates as we track the NASDAQ, DXY, EUR/USD, and other major currency pairs. Expect timely insights as market trends unfold.
⚠️ Disclaimer:
This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
NASDAQ: New buy level approaching.Nasdaq has almost turned neutral again on its 1D technical outlook (RSI = 55.199, MACD = 255.840, ADX = 43.908), which is gradually starting to wave a buy signal again as the price almost hit the 4H MA200. Technically if the 4H RSI approaches the oversold level of 30.000, it is the first buy entry inside the Channel Up. We already have a 4H Golden Cross in our hands. Expect at least a +15.55% rise (TP = 21,150) to complete this bullish wave.
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2024-09-30 nas100Hello, this is Vivid. Here is today's Nasdaq analysis.
First, let's take a look at the daily chart. On Thursday, we saw a long bullish candlestick with a significant tail, and on Friday, there was a bearish candlestick that neutralized the previous day's gains. Although the low slightly dipped, there was a slight upward movement toward the end of Friday’s session, leaving room for potential upside. If the Nasdaq breaks above 20,120 on the daily chart, there is a high possibility of further upward movement and a rally. However, if it fails to break this level, considering the trend of lower lows, we must also remain open to the possibility of further decline.
Currently, there is some supply and demand pressure building within the blue box, but it cannot be considered a clear support level since the market is continuously setting lower lows. Therefore, even if we enter a short position, due to Nasdaq's tendency to fluctuate within this zone, there is a risk of stop losses being triggered or incurring losses within the range. The clear support level I'm watching is the lower end of the green box on the left, at 19,914.5. This is where the market previously bounced with a tweezer pattern. If this level breaks, we can assume that the Nasdaq has definitively entered the purple box, which represents the supply zone from where prices could fall to 19,732–19,623 with a high probability.
Now, for a buy strategy: the entry point is when the price breaks above the resistance trendline, particularly above 20,033.3. Since the previous high was acting as resistance, breaking this level opens up a slight possibility for the Nasdaq to rise to the green box, around 20,065. However, it's advisable not to place too much weight on this trade because, as mentioned earlier, the 20,120 resistance level is quite strong on the daily chart. We can only consider a bullish reversal for the Nasdaq if it successfully breaks this level. Until then, both buy and sell strategies should be approached with short-term goals, as any movements are likely to remain within the existing range.
Today, we have Powell's speech, so please be mindful of the volatility during that time. Wishing you all successful trades.
This has been Vivid.
NASDAQ This rally isn't over yet.Three weeks ago (September 09, see chart below) we gave a very timely buy signal on Nasdaq (NDX), just after it touched its 1D MA200 (orange trend-line):
As you can see, the index started a relentless rally, breaking the August 22 High, and the Lower Highs trend-line in the process. We don't expect that Leg to be over yet. Based on the two previous Bullish Legs of the 2-year Channel Up, they first touched the Inner Higher Highs trend-line and then pulled back to the 1D MA50 (blue trend-line).
As a result, we expect a continuation of the upside with a short-term Target around 21000 and then after mid to end of October, pull-back towards the 1D MA50 going into the U.S. elections.
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The Calm Before the Storm: NASDAQ - $NQ1 Ready to Rally!CME_MINI:NQ1!
Clear price action similar to the lows in January and April before further continuation. Both scenarios printed expansion bars on the weekly, and we’re witnessing something quite similar with current prices.
It’s up to you to see it for yourself, but things look bullish for now, and bidding at $19,600 makes sense.
The idea invalidates a bit lower, as usual, but there's enough room to form another higher low.
Keep in mind that it broke the bearish market structure and made a HL after that. It would be risky to short when we're still above the point of control (POC).
In short: buying the retest of the POC and remaining bullish as long as the trend line is respected.
Aiming for all-time highs and beyond
DreamAnalysis | NASDAQ Breakdown Critical Price Zones in Play!✨ Today’s Focus: One of the Most Crucial Assets in the Market – NASDAQ
We'll be breaking down its latest price movements and discussing what to expect next based on key market levels.
📊 Current Market Overview:
At the moment, we’re seeing some notable upward movement, targeting the buy-side liquidity. Recently, key levels of liquidity have been swept, including the Previous Month High (PMH) and the Previous Week High (PWH). With this in mind, we're anticipating a possible retracement or even a reversal from these highs.
🕓 Key Levels to Watch:
These are the essential zones we’re monitoring on the chart:
- PMH : Previous Month High
- PML : Previous Month Low
- PWH : Previous Week High
- PWL : Previous Week Low
- BSL : Buy-Side Liquidity
- 4H FVG : 4-Hour Fair Value Gap (a potential retracement and imbalance zone)
These levels represent critical areas where the price may gather liquidity, potentially driving it toward the next major target. Fair Value Gaps (FVGs) signify imbalances that the market might revisit to "rebalance" and collect orders.
📊 1-Hour Time Frame Outlook:
On the 1-hour chart, the price is respecting the 4-Hour FVG and has created some Low Resistance Buy-Side Liquidity (LBSL) just beside it. We could see a liquidity raid, where the price sweeps these BSL levels before heading lower. Keep in mind that this is a bearish scenario for NASDAQ, and it may not fully play out.
📈 Bullish Scenario:
For a bullish setup, we need to see a sweep of a key Sell-Side Liquidity (SSL) level before looking for buying opportunities. For day trading, you can drop down to lower time frames (LTF) to mark Low Resistance Sell-Side Liquidity (LSSL) areas, providing a draw on liquidity that could lead to a move toward the buy-side.
📉 Bearish Scenario:
On higher time frames, there isn’t much data supporting a bearish case right now. I recommend revisiting the 1-hour time frame analysis for a clearer picture of the current outlook.
📝 Conclusion:
As always, it's essential to remain flexible and adapt to evolving market conditions. Understanding these key levels and potential scenarios will help refine your trading strategy and identify opportunities.
🔮 Looking Ahead:
Stay tuned! We’ll continue to track NASDAQ along with the other major currency pairs. Expect timely updates and insights as market trends develop.
⚠️ Disclaimer:
The information provided is for educational purposes only and is not financial advice. Always perform your own research and consult a licensed financial advisor before making investment decisions.
NASDAQ: Short term bullish if the 1H MA50 holdsNasdaq turned on excellent bullish technicals on the 1D timeframe (RSI = 63.446, MACD = 268.010, ADX = 43.526) and that sets the tone for a strong medium term continuation. On the short term 1H timeframe however, we had a strong pullback today of -1.75%, the strongest inside the the two week Channel Up, but along the lines of the previous two. It managed to reach the 1H MA50 and is consolidating on it.
The 1H MA50 has been holding for the past week and as long as it continues, this will be the best buy opportunity to aim for a new +3.30% rise (TP = 20,600). If it breaks however, the pattern is negated, so keep the SL tight around pattern limits.
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NQ Bullish with Signs of a Potential Reversal in Early OctoberThe Nasdaq 100 ( CME_MINI:NQ1! ) futures continue to exhibit a strong uptrend, driven by market optimism and supportive economic factors. As seen on the chart, the Bonsai trend indicator remains bullish, signaling the ongoing upward momentum. However, caution is warranted as we approach a critical resistance zone, where multiple technical and external factors suggest the potential for a pullback.
Key Technical Levels and Signals
Resistance at 20,600 : The price is nearing a significant resistance zone between 20,500 and 20,600, where previous highs have been met with seller pressure. The market may struggle to break through this zone in the short term, leading to possible consolidation or retracement.
Bearish Strength on Oscillators : The Bonsai OS is starting to signal an incoming bearish strength, where the oscillator fails to make new highs while the price continues to rise. This divergence suggests that the current bullish move may be losing momentum, increasing the probability of a reversal or correction in the near term.
Short-Term Retracement : A retracement to the 19,800-20,000 region would be healthy for the overall trend, providing potential buying opportunities for traders waiting for a dip. This level aligns with previous support zones and retracement levels, making it a logical area for price to stabilize before another move upward.
Geopolitical and Economic Factors Affecting NQ
U.S. Elections and Tax Policy : The upcoming U.S. election between Vice President Harris and former President Trump is creating uncertainty around future tax policies, particularly regarding capital gains and unrealized gains taxation. Investors may start adjusting their portfolios as we get closer to October, historically a volatile month for the markets.
Global Conflicts and Economic Risks : Rising tensions in Ukraine, the Middle East, and Taiwan add further geopolitical risk. Market participants are keeping a close eye on potential escalations, as these conflicts could shift sentiment toward a risk-off environment, impacting indices like the Nasdaq 100.
Fed Policy and Economic Data : The Federal Reserve's recent rate cut has temporarily buoyed the markets, but upcoming data releases—particularly around inflation and employment—could change the tone. Economic surprises in early October could lead to volatility, especially if the data fails to support the current bullish narrative.
Conclusion: Bullish But Cautious
The overall Bonsai indicator continues to signal an uptrend, and the market looks poised to push higher if it can break through the 20,600 resistance zone. However, the oscillator's bearish divergence and external political risks suggest a potential reversal or at least a short-term correction in the first week of October. Traders should monitor these signals closely and consider adjusting their positions accordingly. Keep an eye on the VIX as well, which has been known to spike during periods of heightened uncertainty, offering opportunities to hedge against increased volatility.
QQQs Break Above Unique High Level On Moderate VolumeAnother sign the markets are attempting to break away from sideways/topping patterns is today's closing price on the QQQs.
Today's close above the Unique Fibonacci Price Theory High suggests the QQQs are attempting to break away from the Excess Phase Peak pattern and will likely attempt to move up into the 501-502 price range.
Remember, the first rule of Fibonacci Price Theory is Price must always attempt to reach new higher highs or lower lows.
When it fails to make a lower low, it must roll over and attempt to reach a new higher high.
In this case, as we neared to top of the Excess Phase Peak pattern, the Ultimate High, price would either fail to make a new higher high (and attempt to roll downward) or it would break to a new higher high (thus confirming price is still in a Rally Phase).
Today's close means my analysis of the general markets moving into a "cleared for takeoff" rally phase is starting to become much more valid. We have broken above the Ultimate High on the QQQs with moderate volume.
Now, we should expect the QQQs to attempt to move higher - toward the 501-502 level.
Get some.
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2024-09-25 Nasdaq / Nas100Hello, this is ViViD.
Let’s proceed with today’s NASDAQ analysis.
First, let's review yesterday’s NASDAQ analysis results. I mentioned that if a breakout occurs above the resistance trendline, there could be a buying opportunity. If you entered at the yellow box area after the breakout, you could have made around $50 in profit, which equates to approximately $1,000 profit per lot. Additionally, a selling entry point was also reached. Based on the entry point, around $70 profit per lot was made, equivalent to about $1,400 per lot. The total profit for yesterday was approximately $2,400 per lot.
Here is the daily chart of NASDAQ. Yesterday, NASDAQ slightly broke the previous high before dropping back down, changing its pattern from a pennant to a rising wedge. Although the buying pressure on the daily chart is strong, if it fails to break out with strong momentum, it is likely that the pattern will complete and a reversal could occur.
This is today’s trading strategy. First, let's examine the sell perspective. If the price breaks below the rising trendline and the yellow box at the price level of 20,050.75, I recommend entering a short position. Breaking below the rising trendline and the short-term bounce zone in the red box could signal a drop to the lower end of NASDAQ’s trading range. In this case, the price could potentially drop to yesterday’s low around 19,956. If we consider the two blue boxes, yesterday’s low was slightly lower, but there was a strong rebound in that area, suggesting that support around 19,956 remains strong. Therefore, the target for the sell position would be near 19,956. Even if the market sees stronger selling pressure, support from the green box on the left needs to be broken before considering a move down to the purple box. My strategy is to target the 19,956 area for the initial sell, and if the market breaks below the green box, I would re-enter the sell trade and aim for the purple box.
Now, for the buy perspective. In the case of buying, both a breakout of the resistance trendline and a breakout above the yellow box, which is around the 20,143 price level, should occur simultaneously to signal a trend reversal to the upside. The target for the buy would be around 20,190, which is conservative because the resistance between the 20,415–20,250 range is quite strong. It’s important to secure profits cautiously.
There are no major economic indicators scheduled for release today. Therefore, the market might remain steady, following the flow from the European session. If the market moves in one direction, the trend may persist until the end of the session. Have a successful trading day.
- ViViD -
NASDAQ rally until the end of the year supported by the 1dayMA50Nasdaq has held the 1day MA50 after the Fed cut last week and is extending the rally.
The long term pattern has been upward since the 2022 bottom supported by the 1day MA200, which is the best buy entry long term when touched.
The 1week MACD is about to form a Bullish Cross, which is formed after every bottom these past two years.
The main rallies during that time have been more than +30%.
Our target for the end of the year, as long as the 1day MA50 supports of course, is 22500.
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2024-09-24 Nasdaq / Nas100Hello, this is ViViD. Here is today’s Nasdaq analysis.
This is the daily Nasdaq chart. As I mentioned in yesterday’s analysis, for further upward movement to happen, the price needs to break above the resistance level of the supply zone. This would allow for potential entry from a buying perspective. However, the price movement has been sideways due to the supply zone's resistance, which hasn't yet determined a clear direction.
As we can see in the daily chart, the current pattern shows a pennant pattern, which could indicate a consolidation to the right before a potential continuation of the upward trend. On the contrary, it could also signify a peak, leading to a decline after breaking below the support level.
In the Asian session, we observed a break of the upward trend line. You can see the breakdown in the blue box. However, the rebound zone after the break is noteworthy. The white trend line indicates that the price is making slightly higher lows, establishing a form of support.
Thus, Nasdaq seems to be defending this zone. The key to focus on is whether the white short-term support line holds. The main takeaway is that while the trend is making higher lows and defending the price, the most critical point for a selling perspective is the break below the white support line at the lowest level of 20016.25.
Now, for a buying perspective: The optimal entry point seems to be when the price breaks above the blue box zone, which corresponds to breaking both the price level and the resistance trend line. The reason 20127 is significant is that the white box shows two instances of resistance at this level, making a breakout here critical.
Once the price breaks through, the targets would be at 20164, 20204, and 20264, with additional resistances along the way. However, this breakout could signal the pennant pattern's upward continuation, stabilizing the long-term trend for further upward momentum.
Today, we have the CB Consumer Confidence data, so be cautious of any sharp market changes after the announcement. I hope you have a profitable day!
- ViViD -
NASDAQ gave the best longterm bullish signal. Is 25300 possible?Nasdaq (NDX) confirmed the bounce on the 1D MA200 (orange trend-line) as argued on our previous analysis (September 09) and the rebound made the ultimate bullish break-out last week, as it crossed above the Lower Highs trend-line of the July 11 All Time High (ATH), giving us the most consistent long-term buy signal on a 2-year basis.
As you can see on this chart that goes as back as October 2022 and the bottom of the Inflation Crisis Bear Cycle, the two times that Nasdaq broke above such Lower Highs trend-line, while being above the 1D MA200, it gave the best buy signal possible, with both rallies peaking after a +49% and +48% rise respectively.
The Sine Waves have also confirmed early this month that the index bottomed and now we have the ultimate bullish break-out confirmation. The longer the 1D MA50 (blue trend-line) holds the better, but even if it breaks (April 2024), we still expect that we are on a similar Bullish Leg that should top in roughly the same way (+47% i.e. one percent less than the previous).
This gives us a long-term Target of 25300 for March - April 2025. We have plotted the Bullish Legs of 2023 and 2024 and as you can see, even though they diverge at times, they always converge again, forming a rough Channel Up, which can be a representation of our estimate course.
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NASDAQ: Clear path to 21,150. Checked all bullish signals.Nasdaq is on very healthy bullish 1D technicals (RSI = 60.054, MACD = 172.430, ADX = 25.087) as not only it crossed and closed over the LH trendline of the previous Top but kept the 4H MA50 as support and formed a 4H Golden Cross. The driving pattern seems to be yet again a Channel Up and this is its second bullish wave structure. Keeping the 4H MA50 intact should technically push the price to a HH. The previous wave topped a +15.55%, which is the basis for our target (TP = 21,150).
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SP500 Futures Chart Now in Final Stages of 100 year RallyCycles are a normal part of life. The stock market is no different. In my long term analysis we appear to be headed up to an area that can complete a rally that started almost 100 years ago.
For context, this long-term consolidation will be similar to Japan's Nikkei index in which made no new high's for 34 years.