NASDAQ RALLY CONTINUESThe hopes on the market are up, after both NASDAQ and S&P 500 rose through the day. Investors were concentrated in high-growth stocks and there was an optimism regarding debt ceiling deal being reached soon.
Other factors that were influencing the upward movement of the market were better-than-expected earning reports, slowing down of the aggressive rate-hike and less-than-expected jobless benefits claims.
Both MACD and RSI indicators are confirming the trend, with MACD histogram above zero and rising and RSI above 50 neutral line and rising as well, although it had approached and even surpassed the overbought line.
If the current trend continues, the price might reach levels of 14230 and even 14540. In the opposite scenario, the price might revert to levels of 13740 or 13500.
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Us100
NASDAQ: Crossed over the August 2022 High but overbought.Nasdaq hit and crossed today over R1 (13,730) which was the High of August 16th 2022, the last major Resistance standing. It did so however on an overbought 1D technical timeframe (RSI = 70.248, MACD = 173.650, ADX = 31.828), which is a bell to start booking profits, especially since the price is approaching the top (HH trendline) of the Rising Wedge, the pattern that guides the trend since November.
More specifically, every time the 1D RSI hit the 70.000 overbought level in the past 12 months, Nasdaq declined. There is a HL trendline that supports the RSI though, so you can prepare your buy accordingly. We will take advantage of the next pullback and target the 1.236 Fibonacci extention (TP = 14,500).
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NASDAQ (US100) - Expect retracement ✅Hello traders!
‼️ This is my perspective on US100.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for longs. My point of interest if price make a retracement, fill the imbalance lower and then rejects from bullish order block, I will open a long position.
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NASDAQ, Potential reversal here. NASDAQ / 4H
Hello traders, welcome back to another market breakdown.
NQ has been trading on a bullish trend, However, the price is now approaching a Key level which migh offer a deep pull-back.
Checkout the chart for the levels to watch for.
Tarde safely,
Trader leo.
NASDAQ broke above the 1W MA100 after a year!Nasdaq (NDX) is extending the bullish trend inside the short-term Channel Up as mentioned on are recent idea two weeks ago (see below):
Today the index reached a very important benchmark as it broke above the 1W MA100 (green trend-line) for the first time in more than 1 year (since the 1W candle of April 25 2022). This was a critical Resistance as it rejected the uptrend back on the week of August 15 2022. With the 1D MA50 (blue trend-line) supporting and the Channel Up that started in December intact, we see a Resistance test of the 13730 High as inevitable, so there is your short-term target if you are looking for one.
On the longer term, since the February 02 Higher Highs trend-line broke, the Channel Up can target the November 15 2022 Higher Highs trend-line. A typical +11% rally within this Channel Up can easily target this trend-line, so now we are setting a 14100 long-term target on Nasdaq. Especially if the 1D RSI breaks above its own Lower Highs trend-line.
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Nasdaq: Time to Continue its Bull Run Again?Hello Fellow Stock Investor/Trader, Here's an Outlook for NASDAQ or NQ1!
Price Action Analysis
1. NASDAQ has rebound on the dynamic support (EMA200) and Multiple Rejection Area
2. Forming a Descending Broadening Wedge, the pattern indicates a bullish continuation pattern
3. Breakout of the pattern confirmed the possibility of the upside movement
4. The Momentum Indicator also made a golden cross, signifying the possible upside movement to the target area.
The roadmap will be invalid after reaching the target/support area.
Support the channel by smashing the rocket button and sharing your opinions in the comment below!
"Disclaimer: The outlook is only for educational purposes, not a recommendation to put a long or short position on the NASDAQ"
US100 Is Bearish! Sell!
Take a look at our analysis for US100.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 13430.8.
The above observations make me that the market will inevitably achieve 13205.0 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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US100 Buyers In Panic! SELL!
My dear followers ,
My technical analysis for US100 is below:
The instrument tests an important psychological level 13383.1
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Goal - 13200.3
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
US100 - Short SignalUS100 H1
We are challenging high prices here on US100, where this 13430 resistance price is looking like a solid sell zone. Nice rejections first time round dated 12th May once we saw that hourly top exhaustion. We need something to catalyse an upside break, most stock indices sitting on resistance prices, needing that justified surge to break upside.
US figures later for retail sales, this could cause some interesting moves, but on a technical basis I'm looking for shorts. If we can grab a short entry from that 30 price ahead of figures, that could be attractive.
US100 1h analyseDisclaimer: It is important to note that market analysis and price predictions, including the mentioned potential retesting and price levels of gold, are speculative in nature and should not be considered as guaranteed outcomes. Investing or trading in gold involves risks, and it is essential to practice good risk management strategies. These may include setting appropriate stop-loss orders, diversifying your portfolio, and seeking professional advice before making any financial decisions. Always assess your risk tolerance and conduct thorough research to make well-informed investment choices.
Update on Nasdaq!!Hello traders!!!
Through the observation of price we can clearly see that Nasdaq is losing momentum to the upside, and as a result it might fail to create a higher high.
We see our first confirmation for the selling pressure that is coming in when it created the CHoCH (Change of character), so now we are awaiting for the second confirmation to go short.
All the best!!
Always apply risk management!!!
NAS100 ANALYSISBased on my analysis of recent market trends, I anticipate a potential decline in the NAS100 index from its current level of 13400. In the event of such a decline, I am forecasting a retest zone around the 13300 mark. This forecast is based on the observed descending pattern that has emerged over the past three weeks.
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NASDAQ: Still very bullish but long term buy levels are lower.Nasdaq extends the rise inside the Rising Wedge which is inside the larger Channel Up pattern. Both 4H and 1D timeframes (RSI = 60.950, MACD = 132.290, ADX = 25.277) are bullish and this price action hints to a slow rise towards R1. In addition, the MACD has already made a Buy Cross, which did on both previous Lows. If the Rising Wedge breaks downwards, the S1 and the 1D MA50 will be our first buy entry.
If however the index closes under the S1, we don't expect S2 to hold but will rather expect buy accumulation on the 1D MA100, which is where the massive rebound of the March 13th low happened. In all cases, the target is R1 (TP = 13,730).
Prior idea:
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US100 Index (NASDAQ): Classic Trend-Following Bullish Setup
US100 Index broke and close above a key daily resistance last week.
Retesting the broken structure, the market formed a double bottom formation
and violated its neckline.
I will expect a bullish movement now at least to 13420
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US100 1H YASSINEIØS 🎗️Please respect the analysis. Today is a beautiful day, a golden opportunity. Just a little patience and diligence, we will be the best Happy holiday Any questions about the transaction are welcome be safe ☺️🙏
us500 ideaaaafor us500 i see price moving into the marked yellow zone then a tank below the highlighted levels
US100 Massive Long! BUY!
My dear followers ,
This is my opinion on the US100 next move:
The asset is approaching an important pivot point 13310.8
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 13522.0
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
US100: Long Trading Opportunity
US100
- Classic bullish formation/
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Buy US100
Entry Level - 13312.6
Stop Loss - 13196.6
Take Profit - 13486.6
Our Risk - 1%
Start protection of your profits from lower levels.
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