Bullish on NDX but correction in store..NDX looks set to resume its long-term uptrend with a target over 15,000 in the next few months. If one looks at the behavior of the NDX after a sizable correction (evidenced by the 10/50 EMA daily cross), a pullback should occur back toward the 50 EMA level soon. This would equate to a retest of the 13200 area before resuming higher. No guarantee but just a pattern recognition of what may occur given the NDX has pumped very hard, very quickly...
Nq100
NASDAQ 100 (US100) – Week 13 – Targeting the resistance level.The fresh rise in the US 10-year Treasury Yield has put Nasdaq futures under some pressure as it slid by 0.8% at the opening bell.
From a technical perspective, we anticipate 2 scenarios:
1. The blue arrow scenario: the price will break the orange trendline and reach the resistance level highlighted on the chart.
If the price gets rejected at the trendline, chances are that we could fall deeper into a deeper corrective phase.
2. Orange arrow scenario: We may fall once more towards the support zone before reaching our target.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
NAS100USD 2021 Mar 29 WeekOANDA:NAS100USD
NAS100USD 2021 Mar 29 Week
Last week 13189 triple tested for short was good.
So was long from 12813.
Friday 26/3 made a wide spread up bar. Would wait for
toppish pattern to short.
S/R and Yellow price reaction lines will be my preferred
trade zones.
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Have a safe and profitable trading week!
NASDAQ 100 (US100) – Week 11 – New record high expected.Nasdaq futures rose at the market open, pointing to an extension of a recovery in tech stocks that were responsible for the February sell-off. The implementation of the stimulus package, an improving economic data, accompanied by mass vaccinations fueled Wall Street with some positive market sentiment.
Today’s highlight will be the FOMC meeting, where policymakers are considering raising the economic forecast and repeat their pledge to remain accommodative for the foreseeable future.
From a technical perspective, we anticipate that the price will be making an attempt to fully recover the February losses. With this being said, we can witness a new record high, with 14000.0 level strongly on the cards.
The trendline break-out acted as a confirmation for the expected bullish move and any pullback can give a nice trading opportunity.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move
NQ Daily time frame on last support level...Nasdaq 100 has broken the inner support levels... This is one of the last support levels I see. If the market breaks below here, we could see a larger than normal bear push... If the buyers are to take control, now is the time. I plan on watching the one hour time frame to see if the market can push into the buy zone.
Nasdaq NDX/US100/NQ1!/IXIC Long Term Analysis: 9.5-10K or BustOkay so the nasdaq has recently had many bearish signals flashing & went down over 10% over the past week or two, but you need to pay attention to the monthly chart before making any decisions on longing or shorting, because we could be headed into another 90's/2000's type tech bubble situation where if it breaks this one key level it will have major technical damage on the entire index, so ever since it's inception it has only touched this upsloping curve line 4 times: 1987 & 1990 for establishing the trend, then confirming it in 2008, and finally the 4th time was in 2020, but with the recent bearishness in the market it could touch it again, but this time it has a real risk of breaking it, going below 10k would put us dangerously close to the line and below the middle 9000's could break the trend, so we need to watch the trend to see where this could be headed
NQ100, (1D) Is the bull run over?Is the year anniversary doomed to fail? Well it sure looks like it, I belive the next few days will certainly tell where tech is headed for the next few months.
If it stays inside the yellow trend line it may have trouble at the next roof just like it did in november. Inflation may be another factor for pushing tech down, be careful people.
NQ1!,Change of Character, Potential Spring to WatchA break of the uptrend channel and holding below it has confirmed a change of character. The market entered a distribution phase. Several days of action have established a balance area with distinct edges. The last trading session has created a potential spring (in Wyckoff terms). This is something to watch going forward. If this is the case it may lead to a retest of the balance top and eventual return back into the channel. If the last day low is taken out we may see a new leg down confirming a bear flag formation.
There is no need to predict what may happen but to listen what the market tells. The market always right...
02/27/2021
Why I think bears won the NAS battle but bulls will win the war I said in my previous idea that I went long at 12672 and below are the reasons why.
- Was hovering slightly over the weekly 20EMA which has been great dynamic support for the index over the last year.
- NDX appears to be forming a flat bottom at 12760 and we can see how well that has been holding since January; it is also the 0.618 FIB from Feb. highs to October lows. Bears tried to break 12760 3 times during NY sessions this week only or bulls to bounce back sharply off this level. It was only broken during the Asian session on Friday when I bought at the lows of the day betting that weekly 20 EMA will provide support.
- Despite the heavy sell pressure and volume throughout the week and particularly the alarming levels on Thursday (highest since September), Friday's buys were also particularly high (highest since November); hence the wild volatility.
- VXN (the volatility index for NAS100) has not spiked to alarming levels all week despite a 1300pts drop at one point. We have seen a bigger spike in the last week of January despite a drop that is not as substantial as the current one.
- NQ 4hr RSI has been flashing bullish signs and divergence for the past 2-3 sessions. Additionally, daily RSI hit its lowest levels since March.
Next week bulls need to break-out from the main downtrend TL and overcome dynamic resistances, especially the 50 day EMA for a chance to go higher. If we gap up Monday as a result of stimulus news and Asia/Europe don't tank it, there's a very good chance we see a reversal sooner than later. I don't think the bond market fears will have long-term implications as of now given the current policies.