NASDAQ: Touched the 4H MA200 and MACD Bullish Cross forming.Nasdaq turned neutral again on its 1D technical outlook (RSI = 49.926, MACD = 156.450, ADX = 29.632) as the price pulled back aggressively to the point that it reached the 4H MA200 again for the first time since the elections day. With the exception of Oct 31st, this level hasn't been touched since September 11th, as the trend is rising inside a Channel Up. The 4H MACD will form tomorrow a Bullish Cross, which has been an early buy signal on the previous bottoms. We expect a new bullish wave to begin. We aim again for a +6.80% rise (TP = 21,600) like the two bullish waves of the pattern.
See how our prior idea has worked out:
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Us100
S&P500 INDEX (US500): Your Trading Plan Explained
S&P500 index is testing a recently broken daily horizontal resistance.
With a high probability, it turned into support.
To buy the market with a confirmation, pay attention to a double bottom
pattern on a 4H.
If the price breaks and closes above 5899, it will give us a strong bullish confirmation.
The market will go up at least to 5954 level then.
If the price drops lower and sets a new lower low, the setup will be invalid.
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US100 NASDAQ Technical Analysis - Where To Next?👀👉 The US100 has recently experienced a pullback, leaving traders wondering: what’s next? While the higher time frame trend remains bullish, last week’s deep retracement has carried into today. At this point, it’s a matter of waiting for the market to settle and observing how price action unfolds, particularly after the New York session. I’m leaning toward looking for a buy opportunity, but this depends on a bullish structural break—specifically, a break above the current previous high on the 4-hour timeframe. Selling isn’t part of my plan right now, as the chart and volume profile reveal strong support levels below, which are clearly highlighted in the analysis. 📊 Disclaimer: This is for educational purposes only and should not be considered financial advice. Always do your own research and trade responsibly.
NAS100 - Nasdaq will reach above 21,000?!The index is located between EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the index rises towards the two specified supply zones, you can look for NASDAQ sell positions with the appropriate risk reward. Nasdaq's buying position is in the demand zone after the continuation of the corrective movement, and considering the downward sentiment at the end of the week, it should be saved quickly.
China’s Export Restrictions and Their Impact on Global Supply Chains
• China Tightens Export Controls:
Starting December 1, China will implement new regulations to tighten export restrictions on critical metals and raw materials, including tungsten, graphite, magnesium, and aluminum alloys, essential for the technology sector.
• China’s Objectives:
These measures are part of a broader strategy to manage sensitive exports and protect national interests.
• Global Market Impact:
The new restrictions are expected to disrupt global technology supply chains and introduce volatility in related markets.
Zelensky’s Perspective on Trump’s Presidency
• Zelensky’s Comments:
Ukrainian President Volodymyr Zelensky stated that the war in Ukraine could end sooner if Donald Trump returns to the White House.
• Constructive Interaction with Trump:
Zelensky emphasized that Ukraine successfully communicated its vision for peace to Trump, and he observed no opposition from Trump regarding Ukraine’s stance.
• Implications of Zelensky’s Remarks:
These comments reflect Ukraine’s hope for continued international support to expedite the resolution of the conflict.
US Economic Forecasts
• Q3 Earnings Reports from Major Companies:
This week, companies such as NVIDIA and TARGET will release their third-quarter (Q3) earnings reports.
• Federal Reserve Rate Cuts:
Rick Rieder, Chief Investment Officer at BlackRock, predicts that the Federal Open Market Committee (FOMC) will cut interest rates by 25 basis points in December.
• The current Federal Funds rate range is 4.5% to 4.75%, which Rieder considers restrictive.
• Following the December cut, the Fed is expected to pause temporarily to reassess future adjustments.
Jerome Powell’s Statements and Market Reactions
• Powell on a Strong US Economy:
Federal Reserve Chair Jerome Powell highlighted the robust performance of the US economy, stating there is no urgency to lower interest rates.
• Cautious Approach to Rate Cuts:
Powell stressed that decisions should be made carefully due to uncertainties surrounding the neutral rate level.
• Market Reaction:
These statements reduced market expectations for a rate cut in December.
nasdaq to 20k?!good evening,
---
consider this post somewhat fictional for now, created more for entertainment purposes, but i want you to know that there are some serious data points which i'm going to bring up to build the case that the stock market has found a long term bottom.
---
~our monthly indicator is finally oversold for the first time since 2009 market low and is on the verge of crossing bullish.
~nasdaq is backtesting the monthly ichimoku cloud.
~0.382 cycle wave 4 target hit through a very complex correction .
~the monthly rsi has confirmed a hidden bear.
~the us dollar found a top and is headed down to about 80 bucks over this next year.
~us10y, topped out.
~fed might run out of money if they continue to press the markets.
~fear is at all time high.
~retail short positions are at all time high.
~and i'm buying everything.
---
the cycle w5 target on nasdaq sits at $20,000 and we could be in the early stages of beginning that ascension.
---
ps. take my words with a total grain of salt, as i could be very much dreaming here.
ps2. in my last big nasdaq post, i called the top, but was early by a few months. it also went a bit higher, so if i adjust the target with the current data, we have reached the 4th wave target successfully.
✌
CHANGE OF DIRECTION FOR EURUSDAt first we thought it would keep going up, but it broke an important line on Friday before closing, which tends to show it keeps the bearish position ;
not sure about that tbh, but it seems too early to call a bearish trend for this pair, even though it might happen at some point soon ;
the next KL, LL and key lines will tell us if we're right or no.
US100 Is Going Down! Sell!
Here is our detailed technical review for US100.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 20,418.60.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 20,055.55 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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NEW NASDAQ ROUTEThe potential drop in the NASDAQ in the coming days could be driven by several key factors. First, macroeconomic uncertainties, including geopolitical tensions or the persistence of high interest rates, could increase market volatility. Additionally, recent disappointing quarterly earnings from major tech companies, which are often heavily weighted in the index, add downward pressure. Lastly, technical signals such as the breach of critical support levels or a decline below the 50-day moving average could trigger accelerated sell-offs. Investors should closely monitor these indicators to assess risks and adjust their portfolios accordingly.
EURUSD NEXT MOVEAfter a downtrend, the fundamental lines of this asset tend to show, as BTC, a new bearish position ready to launch ;
however the downtrend might still attract the price down, causing more of a zigzag kinda pattern, only time will tell ;
these arrows show the change of direction the price is taking about now.
MORE ACCURATE ROUTE FOR GOLDour idea is still valid but needs a little bit of clarification : we thought gold would follow some kind of round top pattern ;
now it seems like a 3/4 tops and a HH, then a drawdown to 2500s by next week.
However it will come back up at some point soon, around the beginning of 2025, so stay advised and don't try to sell it under 2500.
USDJPY UPMaybe a little too optimistic on the detail precision, but this should turn out like that at some point tonight and tommorrow ;
USD has been on a big rally lately thanks to Trump and is not done yet, now is still the time for USD products to go high ;
however there could be a massive correction soon with VIX and GOLD going back up, but not for another week or more.
US100/NASDAQ STILL GOING UPThe white lines are yesterday's projections, which are a little late ;
the setup is still valid and a little late but will make NASDAQ rise once again ;
more precisely this time, we put together a possible route for this, stopping and reversing at KL and previous HH and LL.
BTC NEXT MOVEMissed a pretty good trade by not so much tonight, this is tough.
Not displayed here but we went with Fibonacci tools for this one, using different colours and methods.
This new HH today puts a big step towards the 100K rally, which will however not be completed right now but at least in 2025.
NASDAQ: Channel Up intact. Targeting 22,000.Nasdaq is on excellent bullish technical levels on the 1D timeframe (RSI = 65.968, MACD = 283.550, ADX = 47.440) as it is rising on the new bullih wave of the August Channel Up. The bullish wave confirmed the strong buying pressure as the 1D MA50 held and kickstarted it after a Bullish Cross on the 1D MACD. Based on the previous bullish wave in September, we are currently in the middle of a +10.90% wave. We are targeting its full length (TP = 22,000).
See how our prior idea has worked out:
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Nasdaq Insights: 13-NOV-2024Good morning! Join me for today's Nasdaq market analysis. Share your charts, ask questions, and let's discuss trading strategies.
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NAS100USD: Bearish Focus on Liquidity and Premium ReversalsGreetings Traders!
Brief Description🖊️:
Currently, I am observing bearish institutional order flow, so it’s essential to align with the market’s narrative. The market typically moves toward liquidity pools, or external range liquidity, before targeting internal range liquidity, where premium and discount zones—such as Fair Value Gaps (FVGs) and order blocks—are found. In this case, price has reached a premium breaker block and retraced into the 62%-79% Fibonacci levels, which are strong zones to anticipate a reversal.
Things I Have Seen👀:
Liquidity Targeting💧: Price moves toward external range liquidity before reversing to internal liquidity zones.
Premium Entry Zone🟠: The recent price leg retraced to the 62%-79% Fibonacci levels within a premium range, ideal for a sell entry.
Targets:
Fair Value Price
Liquidity Pool (Sell Stops)
Trade Management:
Please note, I personally aim to capture a 3R return on each move and trade exclusively during the New York afternoon session. Once the session closes, I close my positions. While you may choose your own trade management approach, always prioritize proper risk management.
What's Important Now❗
Look for confirmation entries at the premium breaker block, but remember to conduct your own research to validate this setup before entering.
Best Regards,
The_Architect