Nasdaq 100 What Now Episode 8Hwey Traders, Good-morning so the Nasdaq100 bulls have been trying their hardest to get back into this market. With the VXN down, That isn't so hard now. Anyway, I'm looking at the recent supply zone (previous LH at 14300) waiting for a Higher-high if gotten, then I'll consider sells. If not, then I'll go short. What's your plan for Nasdaq100?
By the way, In today's news by 13:30 GMT, we've got retail sales and Initial Jobless claims.
hey trader, 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,
lazyluchi
Nq_f
Nasdaq100 What Now Episode 7Hey chat, So the bulls came out of hiding during the CORE CPI which had a low reading by the way. I actually thought that was weird till the bears returned. Anyway, do you see that we finally got a gap fill in VXN. What are the freaking odds right? The fib levels have been pretty useful lately. The 50 and 38% daily fib have all been hit. However, we got a bounce off the 38 which gave room for a double bottom on lower tim-frames. Again, what are the odds?
Now, all I can say is let's wait to see what these Bullish signs mean. First a bullish divergence, now a double bottom.. Hmm! finally, what are the "damn" odds?
For the news:
We've got the PPI by 13:30 GMT and Crude oil Inventories by 15:30 GMT.. Don't ignore your fundamentals and sentiments!
Do me a favor and smash the like button, be sure to follow me, and leave a comment---I love reading those.
Cheers,
Lazyluchi
Nasdaq100 What Now Episode 6Hey chat, so the Nasdaq100 is currently still bearish as the bears are still pushing. The weekly 23% and Daily 50% got smashed today which are 14044 and 14146 respectively. Now, the bears are looking at the weekly 0% and daily 38% which are: 13319 and 13894 respectively. The bulls coming back might really be a huge surprise. However, for now, I don't see any sign except this little bullish divergence which ended being a little pullback.
Anyway, welcome 14k Nasdaq100.
By the way, if you love my ideas, leave a like, follow me for more (It allows you know when I post or stream), and leave a comment love reading them.
Cheers,
Lazyluchi
Nasdaq 100 What Now Episode 5Who’s In The Nasdaq And What Are They Doing?
Last week, the Nasdaq100 fell. In the previous episodes I said, “I’ll be looking to short the Nasdaq100 if the 15,000 remains a resistance. Shorting it to next support level at 14,680. However, if that 15,000 turns support, I’ll be looking to buy the return of the bulls—at least back to 15,200. What do you think?”.. Well, as you saw, the bears won. I took more of sells than buys because of that. However, the Nasdaq100 played with me a little bit before it went my way. Anyway, no chit (haha). In the previous news, We kicked off with the ISM Manufacturing PMI which turned out with a negative 58.3 reading.. This gave strength to this Nasdaq100 bears. Albeit, There’s this double top with a lower high that formed on the weekly, then—on the daily—The 4-hour took a while before it reacted to that. Back to the news, we also had crude oil inventories which also popped up negative. It had a 2.421 negative reading. Furthermore, A mixed market turned up on Wednesday during the FOMC.. The Nasdaq100 bulls switched up on these bears. We ended the week with a positive JOBLESS CLAIMS funny how that threw me off balance. I wondered.. if the bulls were back only for the bears to turn those tables real quick.
What is the plan then?
Honestly, I ‘ll be waiting for the Monday to give me a taste of what to expect. However, 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!!! Let’s see what gist this week has install for us. Hold-up, Not ending this one without speaking the VXN (Volatility index for Nasdaq100). Well, hmm, it hasn’t exactly been reliable only because it only opens during US market open and even opens with a gap most times. However, I realized it’s best we analyze that as well. The VXN’s Fib and RSI levels: On the weekly, the RSI is currently at 50.54, Daily-46.76, 240-49.54.. You can see that the bulls 0f VXN seem to be prepping. As for fib (Fibonacci) levels, check last heading.
Nasdaq100 High Impact News For 11th-15th Of April, 2022
Monday is news less. However, on Tuesday, 12th April, 2022 by 13:30 GMT—We’ve got the “Core consumer price index”. The core CPI measure the changes in the price of goods and services. However, this is from the consumer’s perspective. The CPI measure the changes in purchasing trends and inflations. A higher CPI reading is going to be positive for the USD, while a lower reading will be negative for the USD.
By 13:30, Wednesday, 13th April, 2022—The Producers price index news will be up. The PPI measure the changes in goods and services from the manufacturers P.O.V. It measures consumers’ price inflation, which accounts for the majority of over-all inflation. A higher than expected reading is positive for the dollar while, a lower than expected reading is negative for the dollar. Still on Wednesday, by 15:30, we’ve got the Crude Oil Inventories. The crude oil inventories measures the number of barrels of commercial crude oil held by US firms. Meanwhile, this can actually have an impact on inflation. If there’s an increase in the crude oil inventories, that implies a weaker demand on the USD which is bearish for the dollar. A lower than expected is Bullish for the dollar.
Thursday, 14th April, 2022 by 13:30 GMT, The core retail sales will take place. Retail sales measures the change in the total value of sales at the retail level in the US. It’s also an indicator of consumer’s spending and the US economy’s Pace indicator. A higher reading is bullish for the USD while, A lower than expected reading is bearish for the USD. Same day; same time, we’ve got the Initial Jobless claims which measures the number of individuals who filed for unemployment insurance and a higher reading is negative for the USD and vice-versa, also, Retail sales—measures the change in the total value of sales at the retail level. It’s actually the foremost indicator for consumers spending.
Finally, Friday, April 15th is Good Friday for the US and that’s some holiday. Take the day off and chill with your loved ones.
Relative Strength Index And Fib Levels In Nasdaq1o0 And VXN
For the Nasdaq100, The weekly fib is as follows: 100% -16389.9, 78.6% – 15732.9, 61.80% – 15217, 50% – 14854.7, 38.2% – 144492.4, 23.60% – 14044.3, 0% – 13319.5. The daily: 161.80% – 165342, 100% – 15214.5, 78.6% – 14757.6, 61.8% – 14398.8, 50% – 14146.8, 38.2% – 13894.9, 23.60% – 13583.1, 0% – 13079.2. As for the RSI, The weekly is currently at: 45.63, daily 47, and 240 33.52..
As for the VXN, The weekly fib is as follows: 161% – 43.44, 100% – 35, 78.60% – 32.08, 61.80% – 29.79, 50% – 28.18, 38.20% – 26.57, 23.60% – 24.58, 0% – 21.35.. The daily fib: 161% – 43.79, 100% – 36.59, 78.60% – 34.10, 61.8% – 32.14, 50% – 30.76, 23.60% – 27.69, 0% – 24.94..
Nasdaq 100 What Now Episode 4Alright traders, first of, what is Nasdaq doing? These bulls are bears are at it again and I can't help but wonder what they plan on doing. The bulls have gotten to 14322 which was an initial higher-low plan but it's looking like there's a problem. Accumulation phase with bears looking stronger. Daily showing signs of an inverse head and shoulder.. Just got a bullish divergence pattern.
What now?
The VXN hit a wall and bears trooped down as well. It's looking bearish however, not exactly confirmed. Still on the side-line with my pack watching these one.
Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them.
Cheers,
Lazyluchi..
Nasdaq 100 What Now Episode 3Hey traders, If you're seeing this one, it means I was able to post this. The Nasdaq 100 dropped 2% after that double top showed up. I described what looks like an inverse head and shoulder forming, where the bulls are going for that higher-low.
The VXN on the other hand hit a resistance at 30.50 and if this is just a retest to the 28 point support, then the VXN bulls will be back and the Nasdaq 100 bears will take us for another rude.
I see a 14200 reach, however, I'm keeping an open-mind to the whole situation.
Yesterday's FOMC gave us a gap-fill then a continuation to the downside. Some fed officials wanted a 0.5% rate hike to arrest inflation quickly.
Investors became unnerved by the idea of the increase causing an effect on the Nasdaq although, not a news fan but maybe.. That got a reaction.
Look at this plan:
VXN chart:
Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them.
Cheers,
Lazyluchi..
Nasdaq 100 What Now Episode 2Hey Traders, today was messy but I pulled through anyway, Look at the new idea I've got. Currently, the VXN is headed for support making the Nasdaq100 bullish. However, don't really know what supports holds. I'll be taking longs till then.
If the 15200 level is retained that would mean something else. Watch to see my bias.
First plan:
VXN chart:
Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them.
Cheers,
Lazyluchi..
Nasdaq What Now?
Hey Traders, the Nasdaq100 has created a new Higher-high at 15200 leaving a strong resistance at that level. The Initial jobless claims today came up with a 202k negative reading. The VXN on the other hand, is looking great at that support level although, we might resume the bearish trend soon. There's NFP tomorrow and I can't stop thinking of what the outcome would be. Anyway, I will be looking to sell if the bullish-wedge-trend-line breaks at support. My target: 14600. Conversely, I'll be looking to buy if the trend holds at support to the next resistance at 15400..
Check out the VXN chart:
Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them.
Cheers,
Lazyluchi..
Nasdaq 100 What Now?Who’s In The Nasdaq And What Are They Doing?
Nasdaq bulls are succeeding! I mean, most of the anticipated resistance in last week’s chat.. Have all broken and turned into support. On the 240, you can see the clear uptrend (higher-highs and lows)—However, there’s a wedge and bearish divergence. Furthermore, the Nasdaq 100 has been respecting said, “wedge” through-out last week. A possible 15,000 coming through. But, the usual “buts”.. This particular “but” is that of: a higher-low daily creation.
Remember I talked about the fact that we’ve got the bulls in the market—hence we need higher-lows to confirm their validity. Well, this might just be it.
A possible outcome: The market opens on Monday bulls are still hovering.. We get a move to 15,000. Yeah! everyone’s happy. Then—comes the bears. The big retest, the big pull, I mean: the daily still needs it’s higher-low—right? This pull determines the bulls strength. My support zones are: 14300/200. Support holds, everyone goes long, support break—panic starts. If the bulls win, The next resistance zone: 15400 creates a new higher-high and.. We’re bullish baby!
Similarly, if bulls fail, Then I will.. We should start another panic sell because—what’s their exact purpose? Haha, let’s see how it turns out. Next up, Major news, use that to know what the market’s decision will be. Don’t take trades during a major news so be notified.
Nasdaq100 High Impact News
Lot to comes this week. The end of March and beginning of a new dawn (April). Let’s see.. Monday is the only day that’s free of a major news. Oh! my, News packed week I see.
Tuesday, March 29th, 2022–By 15:00. We’ve got; Cb consumer confidence—“Cb” stands for: conference board. This major news measures the sentiment of surveyed consumers on economic conditions. The market reacts to this because—Consumer optimism is directly related to consumer’s spending, hence—it makes up for a large part of the country’s economic activities.
Wednesday, March 30th, 2022. At 13:15, We have the ADP national employment report. The Automatic data processing National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile.
P.s: ADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations.
Why should you care about the ADP? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. What to expect: A higher reading should be positive/bullish for the USD, while a lower reading should be negative/bearish for the USD. Hence, watch out for that reading—might just save you this week!
More On H.I.N For Nasdaq
Thursday, March 31st, 2022. Another news is—Personal income also known as, Disposable income. This measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity. For this news, like the ADP, 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. Traders should take this seriously because.. Income is correlated with spending, the more disposable income consumers have, the more likely they are to increase spending.
Finally, Friday The fools day—April 1st. DON’T BE A FOOL THOUGH. This is the day of the most anticipated for Nasdaq ..NFP (non-farm payroll). However, before the NFP, we have like three major news to watch out for. The first, Average hourly earnings. The Average Hourly Earning released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates.. A high reading is also positive for the USD, while a low reading is negative.
Secondly, unemployment rate. The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. However, unlike other major news, 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.
More On Jobless Rate (Unemployment Rate)
A tip for traders, Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy.
Lastly, Non-farm Payrolls. This popular news; Reports the monthly change in the number of employed workers, albeit not including the farming and government sectors. In the markets, High volatility is usually seen before and after the report release. The number of unemployed workers is an important signal of overall economic activity since consumer spending is greatly correlated with labor-market conditions.
Furthermore, The major importance of knowing about the NFP is: Job creation. The foremost indicator of consumer spending, which accounts for the majority of economic activity. 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.
Nasdaq 100 What Now?Who’s In The Nasdaq And What Are They Doing?
Nasdaq bulls have surpassed the 13600, wedge trend-line. Last week, on Nasdaq What Now? I spoke about the bullish divergence that was visible for a while. Well, these bulls took that seriously..
We got a massive breakout. Even went as far as, passing the 14,000 resistance level and turning it into support. In this chart, The 14,000 and 14,100 break.. You can see that the success of the bulls is kind of dependent on that last resistance at: 14,600. That level being a major 16th of February, 2022 resistance. Are the bears still hovering around there? In addition, We get to know that this week. Heads up! I’ve got an alert placed there so, I don’t miss out on the action. Hold-up, there’s a but. The bulls haven’t exactly given is a Higher-low yet so, this can mean two things. First, they go create another support at a significant level and continue their race or Secondly, they fail to break and the bears resume.
Nasdaq 100’s High Impact News
We’ve got free days—Monday and Tuesday. However, on Wednesday, 23rd March, 2022 by 15:00, The US market New home sales will begin. New home sales is an economic indicator which records sales of newly constructed residences in the United States of America.
In addition, Thursday the 24th, by 13:30, The US market’s Durable goods orders will take place. Durable goods orders reflect—new orders placed with domestic manufacturers for delivery of long-lasting manufactured goods (durable goods are long-term goods that are purchased and expected to last a consumer at least three years) in the near term or future..
Finally, On Friday the 25th, by 15:00. The UoM (University Of Michigan) Consumer sentiment Index takes place.
Don’t miss Nasdaq’s what now episodes. Stay safe!
Nasdaq100 Weekly Review Hey y'all so I wasn't at my finest this week. Had loads of technical issues and I couldn't keep up. Haha! occupational hazard. Anyway, I was able to take a trade that gave me some great pips. This week, the bulls took us by surprise. This is how my week went, How did yours?
P.S: After this video, stay tuned for the strategy used and how to apply it.
NQ/MNQ Breakout or Breakdown?Bulls have had a nice and surprising push after fomc to the upside this week. Will be watching if price respects the DT line and will consider this an uptrend day in a bear market instead of an official uptrend reversal period until DT line is broken and value created above. I like longs above 500 as there is plenty of space for bulls to prop this up above there and short below 340, however, closed the day in key supply zone. Currently also sitting at 61% fib and will see if it can create value above 61% and push to 50% or reject below 61% going into next week. No bias, following the price/momentum and playing what the market gives us going into next week. With fomc, recent geo-political events and simply no news for this run-up, next week will should bring more volatility as well.
Nasdaq What Now Bears ReignHey guys, It's the second week of March and I can say for a fact that: these bears are probably not done. However, the bulls keep leaving signs that they are coming back soon. signs like: bullish divergence, falling wedges..
I also, talked about the high impact news to expect for this week.
Wednesday has a lot going on for her so: be careful on Wednesday. Stay safe guys be sure to not miss my streams and I'll be back with more ideas.
Love,
Lazyluchi
Nasdaq 100 wave 4 is over.Nasdaq 100 has finally touched the 0,382 retracement (measured from wave 2 to wave 3) to put an end to this wave 4 correction. It's interesting to observe that march 2020 bottom is wave 2, unlike other indexes whose march 2020 bottom is wave 4. The same situation happened on 2009 bottom. Now Nasdaq is going to build wave 5 towards 20000.
Nasdaq 100 Trade Review Made 430 PipsHey y'all, here's my review for this week. Learnt a lot this week, from my strategy to, the use of trend-lines, to zones for targets and risk-management. I've seeing stuff clearly now. Watch to know how I performed. Cheers..
Keep following, smashing that like button, and leave a comment. Don't be a stranger!
Love,
LazyLuchi
Nasdaq 100 What Now?So it's a new week in Nasdaq and I can tell the bears are not done. we've got the market still struggling at the 13750/700 support level here on the 240.
Guys I've got a theory and trading plan. it all depend on the opening a bearish opening leave room for speculations likewise a bullish.
However, on the daily, we've got a cross where if the ears break, then we've got a wick to fill and if not, then another bullish divergence that takes us to create a higher-high
Levels to consider:
13750/13700---Our current deciding factor.
13500-13000---If the ears break past the 13700 support that should be a new target.
13700-14000---The bulls would prove their strength once these levels are broken.
Be sure to follow me, like and comment to keep the community of Nasdaq100 lovers alive.
Love,
Lazyluchi.
Nasdaq 100 Trade Review And Trade Log Hey lovely people, Lazyluchi here and I just made a review of all the trades I took for the week. The week has been tough---In fact, Nasdaq has been fidgeting for like 3 months now. Would love it if you participated in this review. Join me every Mon-Fri for my streams and don't miss my Sunday Nasdaq top-down analysis.
Love,
LazyLuchi.
Nasdaq100 What To ExpectWho’s In The Nasdaq Market And What Are They Doing?
Presently, the bulls.
However, from the looks of things, it seems we are at equilibrium. The divergence that popped up on Thursday was no jokes. In the market presently, there are four different levels: The 14200, 14400, 14600, and 15000 levels respectively.
These levels all have resistance and at least some buyers and sellers ready to either take the market up or slash that damn—price. They are strong levels. If broken by the bulls, they become support meaning; the bulls become stronger. I mean for them to last, we need more support right?
What Chart Patterns Are Visible, The Current Market Structure, And Stage Of The Ndx
As for chart pattern visibility, That divergence and double bottom are pretty obvious right? Albeit, that empty daily wick the bears abandoned at the 13,000 level mean something as well. There’s an unfinished business by the bears at that level.
Who knows, maybe an inverse head and shoulder might form. Well with that—I think the bulls might just be winning this one. However, we need more signs—these bulls can’t leave us empty. If you know your market cycle well, you would know the current stage the market is at is—either: the dip or finally at the bottom. That accumulation might just be forming. An accumulation means, there’s hope.
Finally, the market hasn’t actually formed a new lower high yet. So like I said, “the bears definitely have an unfinished business”.. We need lower highs or higher high—the highs are still void at the moment. As for the lows, we have two lower lows. Hmm, what can that mean? The bears are probably saying, “we’ll be back”. On that note, “I’ll be back too”.
Have a great week.
Trade Review: I Quit Trading Here's WhyHey guys, There's been a change in my way of posting again. Due to trade hour reasons. Anyway, I made a video reviewing my trades and mistakes made. Terrible week, but...
Trades I Took:
Hey good morning, it’s currently 9:12am, Tuesday 22nd February, 2022.. I took another trade risking 0.794% to gain 2.43%. Well, I was a bit hesitant because I had no idea where my Target would—then I remembered my 5 fundamentals “anything can happen” and I remembered i’m learning to also trade like the casino. That was the motive behind taking this trade. Anyway, i’m looking to short Nasdaq100 from 13656 to 13413. The bears have been roaming the market although don’t really know when the bulls will be back but we’ll see. There’s this head and shoulder pattern involved and I’m just really playing along with the signals I received from my edge. Today I’ll be going over my journal and I’ll be posting this particular one. I’m really grateful for my growth.
Currently, 9:52am and I lost that one ($7.94).. The buyers are still roaming not back-down.. Didn’t take time at all. I’m actually grateful that I cleared my doubts and played along. Anyway, lessons digested as usual.
Now my weakness is in: executing trades.. I’ve got no issue with analyzing.
19:23 Tuesday, 22nd February, 2022 (same day). Took this a trade. Risking 1.42% to gain 2.16%. Got in at 13805 with 13588 target in mind and leaving at 13947 if i’m wrong (short). Funny because I found myself contemplating about it. If I needed to take it or not. The struggle and conflict still seems to be coming up. How ever, I remind myself of: anything can happen. Apparently, there’s a wick and bullish divergence still in the corner—so, I don’t know if the bulls are done. Anyway, the result will let me know. I realized that my executions need a lot of work—i’ve found my actual goal for the year. Execution. I need to be better at shooting and not just aiming.
21:04 I lost again.. The Bulls are still in charge—I guess this means the divergence wasn’t lying. I’m currently down 2.5% with a 45.45% win-rate.
Execution still terrible, targets are much better. Noticed i’m more confident and not too worried with my trades. Need more work.
Today Thursday 24th February, 2022 11:48am.. Took a trade. The Nasdaq 100 bears have been going mental. I woke to the market down a thousand points already—Got a slight pull and deceied to hop in the train. Risking 0.93% to Gain 1.44%. My entry is: 13153 and i’m trying to get to 13009. The fib levels are pointing towards 12754-12207.. If there are more sellers, then—this will be a good trade. If not, well..
Yet another loss at 15:32. The U.S market opened up bullish.. Still tiny pips away from my target then reversed. Hmm. Win-rate now: 41% I’m down 3.5% of my account now. Never thought I’ll lose this much. Still above the execution: Timing (pullbacks), Trust (gut feeling) and Target (zones). I guess I’ve been able to chase my fear of failure and losing money away. Unlike me—after several losses I become hesitant. All in I haven’t lost the $200 I risked yet. Still a good sign though. In terms of risk management and analysis, i’m solid.. My executions are just weak.
The last day of the week, is Friday, 25th February 2022. Took another trade at 9:13 am. haha—not funny but I took a sell. Risking 1.5% to gain 6.80%. The thing is, I don’t know if the bulls are done. The market has not been stable. Bears on the other hand keep leaving wicks around. Well, so far this is my fourth trade for the wick, three failed trades, and I don’t know the outcome of this one yet. Imagine, I even got hesitant because I have failed three times in a row. Then I remembered, “anything can happen”. Never thought I’ll say this, but—this exercise is tough. Well, journal let’s see how this one turns out.
What do you think happened? Watch the clip.
Love,
Lazyluchi
Ndx: Happy President's Day#nq It's 12am, the holiday continues due to the president's day and I thought, "make a video before you crash". Yup, I marked some levels on my chart as you can see.
These are levels I'm looking at. The Nasdaq100 is currently at the end of both the daily and hour 4 channels and I don't know what this means for the bulls. Two possible scenarios involves the market creating support and a possible divergence while bringing the bulls backs or it breaks and resistance is created whilst going for the 13k mark.
What's it going to be? Huh..
Levels:
Toc-14700
Moc-14300
Eoc-14000
Again, Happy president's day.