Nasdaq 100 - The market is undecided about where to go nextThe Nasdaq 100 index showed some relief yesterday after plunging on the FOMC minutes announcement. However, after the market close, the Nasdaq index gave up almost all of its gains in a flash crash. The price action has been choppy over the past week, and the market seems undecided about where to go next. We remain bearish and expect the downtrend to unravel further in the coming month. However, after more than six weeks of selling, the market strives to find some relief; therefore, we are on the lookout for a bear market rally. Although, we voice caution that this is nothing unexceptional in the bear market, and we may see the continuation of selling into this and the following week. Therefore, we will pay close attention to the sloping resistance and the downward sloping channel in which NQ1! appears. Our price target for NQ1! stays at 11 500 USD; a breakout above the sloping resistance in the Illustration 1.01 would force us to abandon our short-term price target.
Illustration 1.01
The picture above portrays alternative scenarios for the Nasdaq 100 index. A breakout above the sloping resistance will imply bullishness; however, we voice caution as it could potentionally end up as another bull trap. Moreover, anxiety among market participants remains highly elevated as retail investors continue to buy dips and institutional players sell their assets. As a result, we expect the volatility to stay persistent in the coming month.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are neutral. DM+ and DM- stay bearish, and ADX remains elevated. Overall, the daily time frame is neutral.
Illustration 1.02
The picture shows a downward sloping channel indicated by yellow dashed parallels. Breakout below the channel is bearish and increases the index's odds of a flash crash. We will pay close attention to the price and whether it will manage to stay above the channel. If not, it will imply more selling pressure.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame remains bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Nq100
NASDAQ 100 TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Nasdaq (5/2/22) - BULLISH - Bullish rally coming this week?Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days.
Crypto: For those crypto investors/traders, this also means that we are likely going to get a Bullish rally this week/next week. Bitcoin/Crypto has been following the Nasdaq quite closely since late last year. We can see there is a direct correlation between the two and I've been using the Nasdaq as an indicator for Bitcoin.
Sidenote: We are in a BEAR market so far in 2022, so I do not believe that this rally will send us into new All-Time Highs in the stock market. I do believe we are going down much lower this year eventually. Every rally will likely end in a Bull trap and sell-off. The possibility of a continued sell-off here, even though the RSI is oversold, is always imminent as well. I would also not be totally shocked to see the market just continue down from here. However, these are my thoughts based on the current look. Will be watching and updating.
QQQ - Extremely bearishQQQ dropped a staggering 5% in the previous trading session, and by doing so, it erased its post-FOMC gains. Meanwhile, our price target of 310 USD was reached. Because of that, we would like to update our thoughts on QQQ. We continue to maintain the bearish stance as we think QQQ is due to continue lower. Because of that, we would like to change our medium-term price target of 305 USD to a short-term price target. Our new medium-term price target is 300 USD.
Illustration 1.01
The picture above shows QQQ on the daily chart. Volume bars below the graph indicate that the selling pressure has been increasing.
Technical analysis - daily time frame
RSI, Stochastic, and MACD are bearish. DM+ and DM- also show bearish conditions in the market. ADX suggests that the QQQ might be setting itself to trade within a range for the rest of the week. Overall, the daily time frame is bearish.
Illustration 1.02
As we predicted yesterday, the Nasdaq 100 futures formed a new low.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+ and DM- are bearish. ADX increases, which indicates that the bearish trend is gaining momentum. Overall, the weekly time frame is bearish.
Illustration 1.03
The spike in VIX confirms a bearish consensus.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NQ1! (E-MINI NASDAQ 100) Trading Signals Daily Analysisafter a study based on the chart in front of you, I assume that the price of NQ1 will continue its downtrend until the horizontal resistance of 12376.25 USD, and if the chart breaks this resistance it is that the price will continue again the downtrend is the red field that I drew for you, as I drew you a second horizontal resistance at 14428.75 USD, that if the chart breaks the oblique resistance within a week, it means that this is the beginning of an uptrend which will continue to the horizontal resistance of 14428.75 USD, this is the green space that I have drawn for you on the chart.
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NAS100 USD NQ1! NASDAQ 2022 May 02 week
NAS100 USD NQ1! NASDAQ 2022 May 02 week
Last week Nasdaq followed scenario 2, with a break of 13025, retrace to
test demand and continued on a breakdown.
Both HTF and HI/H4 last point of supply has materialized. If there are
no surprise to disrupt this structure, we should be expecting a continuation of
downward movement. Therefore preference will be to short on retracement,
Possible Scenarios mapped out:
1) Continuation of downward momentum after break of 13025
2) To provide for the deviousness of market, the surprise aggressive retracement,
so we are mentally prepared
Weekly = Higher volume down bar closing at low, narrower range = minor strength
Daily = Ave volume down bar closing at low = weakness
H4:Average vol down bar closing at low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14391
13881 13587 13025
12801 12626 12280
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Have a profitable trading week ahead.
BTC Bearish Case - Comparing 2017 ATH/2021 ATHBTC Bearish Case - Comparing 2017 ATH/2021 ATH
A drop out here and we could be in for a significant move.
I see you DXY
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Nasdaq100 what now episode 16Look at the chart above.. Gibberish! That's all I see. Today has been the absolute worst in terms of structure. It's Funny how it's a clear down-trend on the 4-hour even the daily. But the bulls aren't giving it a rest. Break-outs with no retest. Both parties are in a tug-of-war. If you take a sell, you lose; if you take a buy, you lose. Listen! I feel like today's a deciding day though. The bears aren't giving up neither are the---bulls.
The 4-hour time-frame however has a lower-lo hanging waiting to see if the might bulls can break the 13573 daily 23% fib level structure. What the actual hell is going on?
The daily is really close to the 0% at 13079 but the bulls said, "No sir". The weekly however, has failed to break past previous lower-lows at 13,000. Every time-frame with own madness. Today has taught me numerous lessons. The most vital still remain these two: 1. Anything can happen and 2. No two market movements will be the same. Every market's movement is unique.
I really don't know who will win today but.. If there's a break, I'll like to be on the winning side.
Love,
Lazyluchi for Nasdaqgods.
SPX500Decision time soon, are we in a 1,2 1,2 EW wave pattern that is bullish leading to 5,130-5,200 wave 3 target?
Or do we loose critical support now and start the bear market, nuke to 3,200.
I discuss in my analysis why I'm leaning towards option 1 where we hit W3 soon to 5130.
Whats your opinion? Comment below.. Thanks and BigMike loves you.
Nasdaq100 What Now Episode 12It's 19th of April, 2022. We're currently in the 12th episode of this. Here's the vibe: Nasdaq100 weekly is starting to look bullish and honestly, not going to lie---that's really weird. Because, there're two sides to this coin.
1. Dt with a BRS formation.
2. DT with a MSS formation.
So, in this video, I marked the candle to look out for and showed on different time frames. P>S: MAKE SURE TO WATCH THIS VIDEO TILL THE END TO CATCH THAT, HAHA! IF NOT, I"LL BLOCK YOU (just kidding) NO I"M NOT!
Anyway, the VXN is looking to fill a gap not sure how fast that will happen but, We'll see..
Hey! don't miss my streams. I usually give out great trades (side-note)
Do you like my idea? If yes, do me a huge favor and smash the like button, comment, and be sure to follow me to know when I post.
Cheers,
lazyluch
Nasdaq100 What Now Episode 11Who’s In The Nasdaq And What Are They Doing?
Hey traders, so last week was really “Bearish with lot of annoying ranges”.. The major structure though, bearish. That didn’t stop the bulls from just messing around with “#ME!”. Pretty annoying.. Haha. Anyway, the plan was bearish until there was a reason to buy—that’s what I did. Although, Tuesday changed that plan.
Before I dive into that, These were my exact words for last week—“.. since all levels are pointing downwards, even the relative strength index are all below 50%, I'll be taking more of sells till there's a change in the trend. If the Nasdaq100 gives us a higher-low instead of lower-low, then BUYS!!!..”
The Nasdaq100 never gave is that Higher-low. Instead, the lady just kept falling like she fell off the Dubai’s Burj Khalifa’s Balcony. Rubbish!!! 😂😩
Anyway, back to Tuesday. The CPI (consumer’s price index). Dude! (In peter parker’s voice) This CPI ain’t a joke though. You know how I said the Bears came in—but the bulls didn’t stop fooling around. It’s this guy’s fault. The Bulls went wild after the “negative 0.3%” release of the Consumer’s Price Index. I started wondering, what is this? Negative news with a positive reaction. Little did I know that it was all a re-group. In less than minutes—The bears 🐻 got their Mojo back. “Mutha-heffas”.This fight went on for a while though. On Wednesday came the PPI although 1.4% positive, the bears didn’t stop fighting their way back. Wouldn’t blame them after that negative 9.382 million Crude Oil Inventories release news. Guess what! Mixed.
That was the reaction of that one—we started going side-ways man. Then came Thursday’s News release: Retail sales with negative 0.5%, Core retail sales with positive 1.1%, and Finally, Initial Jobless claims with negative 185 thousand.. Hmm—that Jobless rate though. Gave the bears more strength in getting back. These guys took the market real low back to the 38% (13894) daily fib and even went past it. It seemed like the bulls finally got their strength but sorry they got attacked almost immediately.
This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one---my best bet is downwards. honestly, the weekly looks more confused as ever. There's a possibility that we might get a higher-low but until that's established, I'll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? The relative strength index is actually below 50% n all these time-frames and the fibs below the 50%. Till then, I'll be looking at that 13583 daily fib level. Now, the news..
Nasdaq100 High Impact News For 18th-22th Of April, 2022
On Monday 18th of April, 2022. There will be no high impact news for this guy. However, Tuesday the 19th, by 13:30 GMT---We've got "The Building Permits". The Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Wednesday, 20th April,2022. By 15:00 GMT, The gist is Existing Home sales. A brief: Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Still Wednesday and the crude oil inventories holds by 15:30 GMT. A Brief: The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected.
Further-more, Thursday the 21st of April, 2022. Around 13:30 GMT, My all time favorite (only because it's frequent) will take place. Here's a brief incase you forgot---Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD.
Same day; same time is the Philadelphia Federal Reserve. The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD.
Finally, same day but by 16:00 and 18:00 respectively. We'll be having a back-to-back FED meeting. Here's a brief---Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar's value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy.
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Cheers,
lazyluchi