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NQ1

Intraday Levels for Nasdaq 100 FuturesThis analysis highlights key Support zones for intraday trading, based on the provided chart. Analysis The Nasdaq 100 has reached its all-time highs, meaning there are currently no technical resistances above the current levels. However, we can identify some support zones where the price might bounce or reverse. Considerations To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
NASDAQ – Solid Foundation Amid Positive Economic DataNASDAQ – Solid Foundation Amid Positive Economic Data The NASDAQ index is finding strong support from favorable U.S. economic data and a stable macroeconomic outlook, particularly benefiting from the resilience of technology and growth sectors. Amid signs of moderating inflation and potential easing by the Federal Reserve, **seasonal trends strongly favor the NASDAQ, as December is historically a strong month for equities, especially tech-heavy indices. --- Key Economic Drivers Supporting the NASDAQ 1. ISM Manufacturing PMI – Signs of Stabilization - The **ISM Manufacturing PMI** for November rose to **48.4**, exceeding expectations, though still signaling contraction. This reflects progress toward stabilization in the U.S. manufacturing sector. - Slower input cost inflation and renewed job creation are positive signs for the broader economy, indirectly supporting growth-oriented sectors such as technology. 2. Construction Spending Growth - Construction spending** increased by **0.4% in October, showcasing resilience in the housing and infrastructure sectors. This strength in spending highlights consumer and government investment, which can indirectly benefit tech companies involved in digital infrastructure and smart technologies. 3. ISM Manufacturing Prices Paid – Easing Inflationary Pressures - The ISM Manufacturing Prices Paid** index dropped to **50.3**, significantly below the forecast of **55.2**. This is a positive development for inflation control, signaling moderating cost pressures in the manufacturing sector. - Implications: - Positive for equities: Lower inflation reduces the likelihood of aggressive Federal Reserve rate hikes, a scenario that benefits rate-sensitive growth stocks. - Stable monetary outlook: A gradual shift toward easing monetary policy supports technology stocks reliant on lower borrowing costs. 4. Fed Officials’ Support for Gradual Easing - Recent Fed commentary suggests a balanced approach to monetary policy: - **Christopher Waller** emphasized the possibility of a rate cut in December, citing a balanced labor market and controlled inflation progress. - **John Williams** forecasted GDP growth of **2.5% in 2024** while reiterating that inflation is expected to return to the 2% target. This fosters confidence in growth-oriented sectors like technology. - A potential rate cut would be particularly favorable for the NASDAQ, as tech companies are highly sensitive to changes in interest rates. 5. Consumer and Business Optimism - The **S&P Global U.S. Manufacturing PMI** indicated improving confidence and renewed job creation despite lingering challenges such as reduced international demand. This optimism supports steady sentiment for growth sectors. --- Seasonality and Market Sentiment Seasonality is a critical tailwind for the NASDAQ at this time. December is traditionally a strong month for the tech-heavy index, supported by holiday-driven consumer spending, portfolio rebalancing, and end-of-year tax strategies. The current **Fear & Greed Index**, standing at **64**, indicates a **greed-driven sentiment**, which typically aligns with upward momentum, especially for high-growth sectors. --- NASDAQ Outlook The NASDAQ is well-positioned to capitalize on these favorable conditions: - Easing inflationary pressures reduce the likelihood of aggressive Federal Reserve tightening, which is particularly supportive for rate-sensitive growth stocks. - Strong GDP growth projections and a resilient labor market provide a stable foundation for tech earnings and innovation-driven sectors. - Seasonal trends, combined with improving macroeconomic sentiment, create additional momentum for the NASDAQ as the year-end approaches. While global uncertainties and international demand challenges remain, the NASDAQ's long-term prospects remain **bullish**. Seasonal strength, positive economic data, and the potential for a more accommodative Fed policy stance are all aligning to favor continued gains for the index.
CAPITALCOM:US100Long
by InvestMate
NASDAQ Santa rally is starting.Nasdaq (NDX) has been following the blueprint of the 2020/21 Bull Cycle to high precision so far, as we showed on our analysis almost 4 months ago (August 19, see chart below): As you can see it is already marching towards Target 1 (23250) on the 0.236 Fibonacci retracement level, well inside the Channel Up. We expect that to get hit by the final week of December, which can be translated as the infamous 'Santa rally', a frequent seasonal price increase at the end of the year. As mentioned, this Channel Up displays strong similarities with the patterns of August 2020 - November 2021 and before the COVID crash of December 2019 - February 2020. All those Channel Up patterns are within the dominant long-term structure of the 6-year Bullish Megaphone. The key here is for the 1W MA50 (blue trend-line) to hold and continue to offer support, as within those 6 years the only two times it broke were during the corrections of the 2022 Inflation Crisis and the March 2020 COVID flash crash. As long as it holds, the current Channel Up should, besides the immediate Target 1 (23250), complete the sequence and peak towards the end of 2025 as close to a +185% rise (from the October 2022 bottom) as possible. This is why our long-term strategic Target (2) is a little lower at 27000. As a side-note, see how well the 1W RSI held and bounced in September on the Symmetrical Support Zone, in similar fashion as 2020 - 2021. Also the 1W MACD displays a similar pattern between the two fractals. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDXLong
by TradingShot
1
NASDAQ: Strong bullish breakout today targeting 21,600Nasdaq is bullish on its 1D technical outlook (RSI = 61.836, MACD = 123.620, ADX = 32.041) as today posted the strongest 1D candle since Nov 7th, extending the new bullish wave. The whole sequence is supported by the 1D MA50 since September 12th. Even though we are technically more than halfway through the wave, this is still a strong buy opportunity, aiming for a +6.80% rise (TP = 21,600) as it has previously done so inside the 3 month Channel Up. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10. - **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast. - **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market. - **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **66 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **62,2%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!
CAPITALCOM:US100Long
by InvestMate
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **Chicago Fed National Activity Index (Oct):** Fell to -0.40, below the expected -0.2. - **Dallas Fed Manufacturing Index (Nov):** Came in at -2.7, worse than the forecast of -2.4. - **New Home Sales (Oct):** Declined to 0.61M, significantly missing expectations of 0.73M. - **Richmond Fed Manufacturing Index (Nov):** Plunged to -14, below the forecast of -10. - **Durable Goods Orders (Oct):** Increased by just 0.2%, underperforming the 0.5% forecast. - **Initial Jobless Claims (Nov 23):** Reported at 213K, slightly better than expected (216K), but still pointing to a resilient labor market. - **Chicago PMI (Nov):** Dropped to 40.2, well below the anticipated 44, highlighting weakness in manufacturing. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **64 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets remain focused on the Federal Reserve’s upcoming meeting on **December 18th**, with a **66,3%% probability** currently priced in for a **25 basis-point rate cut**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!*
CAPITALCOM:US100Long
by InvestMate
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The Nasdaq index bounced back with a 0.48% gain today. The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **EIA Crude Oil Inventories:** Fell by -1.844M barrels, exceeding the forecast of -1M, signaling tighter supply conditions. - **US GDP Growth (Q3, Second Estimate):** Remained steady at 2.8%, unchanged from the previous estimate, highlighting consistent economic expansion. - **Personal Consumption and Spending:** October’s real personal consumption rose by just 0.1% (forecast: 0.2%), while consumer spending grew by 0.4%, meeting expectations but slowing from revised data of 0.6%. - **Durable Goods Orders:** Increased by 0.2%, falling short of the 0.5% forecast, reflecting weaker demand for long-term goods. - **PCE Price Index (YoY):** Increased to 2.3%, matching expectations but higher than the prior 2.1%, underscoring persistent inflationary pressures. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **64 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets are closely watching the Federal Reserve’s upcoming meeting on **December 18th**, with a **66.3% probability** currently priced in for a **25 basis-point rate cut**. If realized, this could provide additional support for equities by easing financial conditions, though its long-term effects remain uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!*
CAPITALCOM:US100Long
by InvestMate
3
Nasdaq Modest Gains Amid Mixed Data and Rising OptimismNasdaq Modest Gains Amid Mixed Data and Rising Optimism The Nasdaq index bounced back with a 0.37% gain today, recovering some ground after yesterday’s 0.5% decline. The market’s performance reflects ongoing digestion of mixed US economic data, supportive seasonality, and cautious optimism among investors. US Economic Data Highlights Recent economic data provided a mixed picture of the US economy, driving market fluctuations: - **EIA Crude Oil Inventories:** Fell by -1.844M barrels, exceeding the forecast of -1M, signaling tighter supply conditions. - **US GDP Growth (Q3, Second Estimate):** Remained steady at 2.8%, unchanged from the previous estimate, highlighting consistent economic expansion. - **Personal Consumption and Spending:** October’s real personal consumption rose by just 0.1% (forecast: 0.2%), while consumer spending grew by 0.4%, meeting expectations but slowing from revised data of 0.6%. - **Durable Goods Orders:** Increased by 0.2%, falling short of the 0.5% forecast, reflecting weaker demand for long-term goods. - **PCE Price Index (YoY):** Increased to 2.3%, matching expectations but higher than the prior 2.1%, underscoring persistent inflationary pressures. Market Sentiment and Seasonality Seasonality continues to work in favor of the Nasdaq, as historical trends during this time of year often support equities. The **Fear & Greed Index**, currently at **64 points**, indicates moderate optimism and a "Greed" sentiment, encouraging risk-on behavior among investors. Rate Cut Expectations Markets are closely watching the Federal Reserve’s upcoming meeting on **December 18th**, with a **70% probability** currently priced in for a **25 basis-point rate cut**. If realized, this could provide additional support for equities by easing financial conditions, though its long-term effects remain uncertain. Geopolitical Risks Despite today’s recovery, geopolitical risks linger in the background. The ongoing war in Ukraine remains a significant concern, with potential implications for global energy prices, supply chains, and economic stability. Long-Term Trend Intact, but Volatility May Persist The Nasdaq’s long-term upward trend remains intact, supported by strong fundamentals, favorable seasonality, and investor optimism. However, the current environment of mixed economic data and rising policy uncertainty suggests that short-term volatility may persist. Broader Context Recent data highlights a steady but moderating US economy, while forward-looking risks remain: - **Global Economic Outlook:** The S&P Global forecast projects global GDP growth of approximately 3% by 2025, with US growth slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Potential policy changes under the new administration could elevate inflation pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq Today’s modest gain shows resilience in the Nasdaq as it rebounds from yesterday’s decline. Supportive seasonality and the potential for a December rate cut may provide short-term stability. However, investors should remain cautious as geopolitical risks and economic uncertainties could lead to continued market volatility. What’s your outlook for the Nasdaq after today’s recovery? Can the index build on these gains, or will headwinds from economic data and global risks limit its upside? Share your thoughts in the comments!*
CAPITALCOM:US100Long
by InvestMate
1
Nasdaq: A -0.9% Decline Amid Mixed Economic DataNasdaq: A -0.9% Decline Amid Mixed Economic Data The Nasdaq index experienced a slight decline of 0.9% today, reflecting a mix of economic signals, investor sentiment, and broader geopolitical concerns. Key data releases from the US provided a nuanced picture of economic performance, contributing to cautious market behavior. US Economic Data Highlights - **EIA Crude Oil Inventories:** Fell by -1.844M barrels, exceeding the forecast of -1M, reflecting tighter supply conditions. - **US GDP Growth (Q3, Second Estimate):** Steady at 2.8%, unchanged from the previous estimate, highlighting consistent economic expansion. - **Personal Consumption and Spending:** October’s real personal consumption rose by just 0.1% (forecast: 0.2%), while consumer spending grew by 0.4%, meeting expectations but signaling a slowdown compared to revised previous data of 0.6%. - **Durable Goods Orders:** Increased marginally by 0.2%, falling short of the forecast of 0.5%, indicating weaker-than-expected demand for long-term goods. - **PCE Price Index (YoY):** Rose to 2.3%, aligning with forecasts but higher than the previous 2.1%, underscoring mild inflationary pressures. Market Sentiment and Seasonality Despite today’s decline, seasonality is currently favorable for the Nasdaq, as historical trends often support equities during this time of year. Additionally, the **Fear & Greed Index** currently sits at **64 points**, indicating moderate optimism among investors and a "Greed" sentiment, which typically supports risk-on behavior in the markets. Rate Cut Expectations Market participants are closely monitoring monetary policy, with a **70% probability** currently priced in for a **25 basis-point rate cut** at the Federal Reserve’s next meeting on **December 18th**. Such a move could provide additional support for equities by easing financial conditions, though its long-term impact remains uncertain. Geopolitical Risks While the economic picture and market sentiment provide support, ongoing geopolitical risks continue to weigh on investor confidence. The war in Ukraine remains a significant factor in the global risk landscape, with potential implications for energy prices, supply chains, and broader economic stability. Long-Term Trend Intact, but Correction Could Persist The Nasdaq’s long-term upward trend remains intact for now, supported by strong economic fundamentals and favorable seasonality. However, the current correction may take some time to resolve as markets digest mixed data and geopolitical risks. Investors should be prepared for potential short-term volatility while keeping an eye on key macroeconomic developments. Broader Context Today’s data reinforced the view of a steady, albeit moderating, US economy. However, forward-looking risks are rising: - **Global Economic Outlook:** The S&P Global forecast predicts global GDP growth of approximately 3% by 2025, with the US slowing to below 2% next year and China toward 4%. - **US Policy Risks:** Anticipated policy changes under the new administration may elevate inflationary pressures and tighten financial conditions, introducing further uncertainty for equity markets. Implications for Nasdaq The Nasdaq’s modest decline today reflects investor caution as the market digests mixed signals from economic data and weighs the potential for policy shifts. However, supportive seasonality, a "Greed" sentiment on the Fear & Greed Index, and expectations of a December rate cut could help stabilize or even boost the index in the near term. Looking ahead, the interplay between policy developments, global growth dynamics, geopolitical risks, and corporate earnings will remain crucial for the index's direction. What’s your outlook for the Nasdaq? Will the anticipated rate cut and seasonal trends provide a boost, or will geopolitical and economic risks keep the market under pressure? Share your thoughts in the comments!
CAPITALCOM:US100
by InvestMate
1
Nasdaq: Gains Driven by Data, Eyes on Key EventsNasdaq: Gains Driven by Data, Eyes on Key Events. The Nasdaq ended current day on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to Nasdaq's gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, Nasdaq benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests this week with two major events: FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the Nasdaq appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The Nasdaq has shown strength, but this week FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the Nasdaq’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
CAPITALCOM:US100Long
by InvestMate
1
NASDAQ looking to hold the 4H MA50 in order to sustain the rallyNasdaq (NDX) broke on Friday above its 4H MA50 (blue trend-line) and today is looking to re-test it as a Support. The medium-term pattern has been a Channel Up since the September 06 Low and every time the 4H MA50 broke following a bottom, it held and sustained the Bullish Leg until the top. It appears that the most common rally % within this pattern is +6.80%. As a result, assuming the 4H MA50 holds, our Target is 21650. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Nasdaq: Gains Driven by Data, Eyes on Key Events Next WeekNasdaq: Gains Driven by Data, Eyes on Key Events Next Week The Nasdaq ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: - Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. - Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. - Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. - S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to Nasdaq's gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, Nasdaq benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests next week with two major events: 1. FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. 2. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: - Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. - Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the Nasdaq appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The Nasdaq has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the Nasdaq’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
CAPITALCOM:US100Long
by InvestMate
1
Weekly Forex Forecast Nov. 25th: SP500, NAS, DOW = BUY THEM!The three indices are bullish. They each had a Daily +FVG they found support in, and were bullish from that point of contact. The DOW is the strongest, and may be the best bet, even though it is a wildcard most times. The SP500 is probably the safest buy, as the NASDAQ is the weakest of the three. If things turn bearish for any reason, the best short will be in the NASDAQ. Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
Nasdaq: Gains Driven by Data, Eyes on Key Events Next Week Nasdaq: Gains Driven by Data, Eyes on Key Events Next Week The Nasdaq ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: - Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. - Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. - Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. - S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to Nasdaq's gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, Nasdaq benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests next week with two major events: 1. FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. 2. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: - Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. - Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the Nasdaq appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The Nasdaq has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the Nasdaq’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
CAPITALCOM:US100Long
by InvestMate
NASDAQ testing the MA50 (4h). Buy signal if broken.Nasdaq is on a slow rebound following the test of the long term Buy Zone, right over the MA50 (1d). Today it hit the MA50 (4h) and so far it is struggling to close above it. On all prior bottoms, once the MA50 (4h) broke, it issued a bullish confirmation. Trading Plan: 1. Buy when the price crosses above the MA50 (4h). Targets: 1. 21450 (the 1.236 Fibonacci extension). Tips: 1. The RSI (4h) is also rebounding after a 30.00 test. Also consistent with all prior bottoms. This is an additional buy signal. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
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