Us100
US100 Is Bullish! Buy!
Take a look at our analysis for US100.
Time Frame: 45m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,117.7.
The above observations make me that the market will inevitably achieve 21,285.0 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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NASDAQ INDEX (US100) Classic Trend-Following
Bullish rally on US100 continues.
The market closed, updating the all time high.
To catch a bullish trend continuation next week,
pay attention to a horizontal range on a 4H.
Bullish breakout of its upper boundary - a 4h candle close above that
will give you a strong bullish confirmation.
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VIX GOING BACK UPAfter two false routes (the two white lines), we know for sure that VIX is to go up at some point to make up for the gap it made this week.
The only thing is we thought today's opening would be a higher gap compensating the precedent gap, but it kept getting lower and lower.
Now that we're approaching a low KL, there might be a new opportunity for a long entry, stay advised and always put a tight SL on this.
NASDSAQ INDEX (US100): Bullish Confirmation After Breakout
US100 Index updated the all-time high, violating a solid daily horizontal resistance.
After a breakout, the market retested the broken structure and started to consolidate
on an hourly time frame.
A violation of the upper boundary of the range is a strong intraday bullish continuation.
It indicates that with a high probability, the price will go up.
Next goal - 20920
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Nasdaq Outlook: 07-NOV-2024Good morning, traders! Welcome to today's Nasdaq market analysis. Compare my price action insights with your own charts and enhance your trading skills.
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NASDAQ rally still at its start. Very high upside post electionsExactly 3 months ago (August 05, see chart below) when Nasdaq (NDX) erased the gains of 3 months and was sold-off to its 1W MA50 (blue trend-line) we posted the following idea using the 2-year Fibonacci Channel Up on the index, claiming that it was the best buy entry in recent months:
The buy turned out to be very effective as the index rebounded aggressively and last week made a 3-month High. Ahead of the U.S. elections today and the natural short-term volatility that they will inflict on the market, we decided to bring that chart forward again, as it will help keep an unbiased long-term perspective that will filter out the short-term noise.
As you can see the index held its 1D MA50 (red trend-line) last week despite the sharp pull-back. The price remained within the 0.382 - 0.5 Zone of the Fibonacci Channel, while the 1W RSI is holding its MA (yellow trend-line). Every time the index got in a similar situation within this Channel Up, it still had much upside left before it topped.
At the same time, we are just below the 0.5 Fib level of a projected +47% rise from the August bottom (sequence of Bullish Legs since the start +49%, then +48%, next +47%), a symmetric pattern showing the strong potential of the index, as long as the 1W MA50 (blue trend-line) holds.
For the 1st Stage of the current Bullish Leg, we have a minimum Target of 22500 for the end of the year, which represents the rally that the May 27 2024 and January 01 2024 pull-back rebounds had that held the 1D MA50. As for the full length of the Bullish Leg, which is our long-term Target, we still expect the index to complete a +47% and reach 25400.
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NASDAQ: Forming the new Low of the Channel UpNasdaq is on a neutral 1D technical outlook (RSI = 47.183, MACD = 55.990, ADX = 31.366) as the price is trading sideways on an upward slope at the bottom of the 1 month Channel Up. This is technically the new HL formation process and it is taking place under the 4H MA200 this time. The formation however of a 4H MACD Bullish Cross under 0.000 has been the most reliable buy indicator in the last two months, so it is a good enough reason to buy for us, since the risk factor at the bottom of the Channel Up is so low. The HH that followed the last HL was pcied on the 1.236 Fibonacci level and since the symmetry inside this pattern is high so far (Bearish waves indentical), our target is under the 1.236 Fib extension (TP = 20,750).
See how our prior idea has worked out:
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NASDAQ - Nasdaq will lose the 20,000?!The index is located between EMA200 and EMA50 in the 4H timeframe and is trading in its ascending channel. If the range of 20,000 is broken, we can witness the continuation of the decline
If the index rises towards the two specified supply zones, you can look for Nasdaq sell positions up to the bottom of the ascending channel
The U.S. jobs report for October indicated that only 12,000 new jobs were added to the labor market, significantly below expectations. This drop was primarily due to strikes, particularly at Boeing, and the impacts of recent storms. In October 2024, 512,000 workers were unable to work due to hurricanes Helen and Milton, much higher than the historical average of 47,000. These conditions led to a slowdown in job growth for October. The unemployment rate remained at 4.1%, but revised data from previous months show a decline in job growth.
Goldman Sachs analysts predict that the U.S. stock market will grow by the end of the year, driven by various factors. The end of October marks reduced sales by investment and pension funds, which could support stock price growth. This outlook contrasts with the consensus on Wall Street, which expects stock prices to decline after the presidential election. However, Goldman Sachs believes that stock market growth will continue under current conditions.
A survey by the Conference Board shows that 51.4% of American consumers expect stock prices to rise over the next 12 months. This represents the highest optimism level recorded since the survey began in 1987, although experts remain skeptical.
Warren Buffett continued selling a significant portion of his Apple shares in the third quarter of 2024, selling nearly a quarter of his holdings. This move reduced Berkshire Hathaway’s stake in Apple to 300 million shares, representing a 67.2% decrease from the end of the third quarter last year. Despite these sales, Berkshire Hathaway’s cash reserves have reached $325.2 billion. Buffett indicated that some sales might be due to tax reasons, but the volume of sales suggests other factors may also be at play. Interestingly, Berkshire did not purchase any stocks during this period.
Next week’s U.S. election will be in the spotlight, with market participants in a state of uncertainty as it is unclear whether conclusive results will be announced immediately after polls close on Tuesday night. Meanwhile, central banks will also be in focus; the Reserve Bank of Australia will announce its monetary policy on Tuesday, followed by the Bank of England and the Federal Reserve on Thursday.
Additionally, markets await the release of the U.S. ISM Services PMI on Tuesday, weekly jobless claims data on Thursday, and the preliminary University of Michigan consumer sentiment index on Friday. These data points could significantly influence market direction during this crucial week.
Nick Timiraos, an economic analyst from The Wall Street Journal, believes the U.S. jobs report will not significantly alter expectations for a 0.25% rate cut by the Federal Reserve.
JPMorgan analysts suggest that if Trump wins the election, more expansionary fiscal policies will be implemented, which could increase the budget deficit and inflation. As a result, the Fed may pause rate cuts. Conversely, if Kamala Harris wins, the economy is expected to continue its slow and steady path, and the Fed would likely proceed with a rate cut in November; however, with a Trump victory, this cut may be halted in December.
NASDAQ Rejected on the 1hour MA50 but bottom is in.Nasdaq / US100 is trading inside a monthly Channel Up.
Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in.
This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level).
Previous chart:
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BTC POSSIBLE NEXT MOVE !With some delay on the time BTC finally decided to come down, it eventually did what we thought, came back to lower KL ;
but with the previous days' big spike up and down, it is now a perfect time for the price to "de-correct" and come back to the 75Ks, before coming back down ;
for now and the newt few weeks, it seems really tough to break 78/79K, probably next year.
US100 TOWARDS THE SKYWe missed the entry yesterday thinking it would bounce way harder than that, it actually took several hours to get back in an uptrend position ;
for now it seems a little corection to the LL is coming after the 15:30 rush ;
after that, US100 is going to the roof and taking the uptrend direction back.