Uncovering Today’s NASDAQ Opportunities 04-NOV-2024Good morning. Welcome to today's Nasdaq market analysis and educational insights for price action traders.
USATEC trade ideas
Buying US100 "NASDAQ "Buying the CAPITALCOM:US100
Is a good idea for a re-entry
Indicator for Bitcoin, Gold and Silver.
This is what am noticing.
It's difficult for me to stick
To recommendations of Bitcoin
Because majority of the audience
Respond well to stock option trades
Found on retail brokers.
Nothing wrong with stock options
Just make sure you don't buy
More than 5x leverage.
Because you will lose money
From the volatility
This price follows the 🚀 Rocket
Booster
Using the following reasons:
📈The price is above the 50 MA
📈The price is above the 200 MA
📈The price is moving in a gap up trend
Well in this case the price has hit a correction.
Buying a correction or reversal can be scary and most beginners won't do it.
The problem with buy or sell signals is the hush volatility.
But if you master risk management then you good. Buying corrections is good as well but it requires patience
As for me with my aggressive nature I buy both on volatility and corrections.
The key is to take profit in both if you are an investor then you can hold for longer periods.
Trade safe.
Remember to 🚀 Rocket Boost this post to learn more.
Disclaimer ⚠️ Trading is risky you will lose money wether you like it or not please Learn About Risk Management And Profit Taking Strategies.
Scary TechnicalsMACD over bought on a monthly historically suggest we have a 40-80% decline in equity prices soon.
Downside unfolding in NASDAQ 100NASDAQ:NDX has finally started giving confirmation of downmove with weekly negative close and a strong bearish engulfing. We might see a pullback in wave 2/B early next week after which downmove should continue. Watch the video for levels and more details.
NAS100 - Awaiting Fed & FOMC Outcome Today20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Your interest motivates me:
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How I see it:
ATH's = Unfamiliar Territory.
At some point in time, a correction is inevitable.
Will confluence of support @ previous HH hold for bullish continuation?
Or will price correct deeper to structure support @ 20300?
Check your calendars before each session!
I deeply appreciate you taking the time to study my analysis and point of view.
NASDAQ100 Plummets! Short Trade Nears Final Target!NASDAQ100 (NDX) Analysis:
NASDAQ100 (NDX) has seen a strong downward trend on the 15-minute chart, with the trade setup delivering impressive results. Targets 1 through 3 have been hit, and the price is closing in on the final TP4 level, making this an ideal short trade for traders leveraging the momentum.
Trade Summary:
Entry Level: 20429.42
Target Levels:
TP1: 20323.94 ✅
TP2: 20153.26 ✅
TP3: 19982.58 ✅
TP4: 19877.10 (nearly hit)
Stop Loss: 20514.76
The Risological Dotted Trendline guided traders perfectly through this short trade, marking a strong resistance level as the index continued its descent.
Nasdaq_15mhello
Analysis of short-term Nasdaq index
The main support in the long term is 20,000
Short time support 20440
Resistance and target 20770
Bearish Reversal Signals: Will the Price Reverse?4H Timeframe
Current Price: 20,030.9
Bearish Signals:
• Rising Wedge (Bearish Reversal)
• Ascending Broadening Wedge (Bearish Reversal)
Expect the price to test the first price target (PT), followed by the second. Resistance may trigger a bearish reversal after reaching these levels. If the price finds support, we may reach the third PT, which is at the upper trendline of the rising wedge. Then, after reaching our bullish targets, the price would likely start its bearish reversal to eventually reach 18,749.0.
Price Targets:
Bullish:
• 1st TP: 20,210.3
• 2nd TP: 20,351.4
• 3rd TP: Upper Trendline of Rising Wedge
Bearish Reversal:
• 1st TP: Broadening Wedge Lower Trendline
• 2nd TP: Lower Trendline of Rising Wedge
• 3rd TP: 18,749.0
Happy Trading!
Nasdaq Short: Weak Tech & Key Data AheadTaking advantage of the current bearish momentum in the Nasdaq with a daily short setup. Recent price action reveals a double-top pattern and a significant trendline break, suggesting potential downside. As we approach critical economic data releases, volatility is expected, which could fuel further bearish movement.
Technical Analysis
• Pattern: Double-top formation, a bearish reversal signal, confirmed with a break below the neckline.
• Trendline: The long-standing upward trend has been broken, validating the bearish scenario.
• Key Resistance: $20,200 area is acting as a strong resistance zone.
• Support Levels: Initial support around $18,800 with further downside potential if broken.
Fundamentals:
The short position on Nasdaq is driven by the weak tech performance, with giants like MSFT (-6.05%) and META (-4.09%) showing declines. Rising bond yields have intensified pressure on tech stocks, indicating potential shifts in investor sentiment. Additionally, tomorrow’s key data—Non-Farm Payrolls (forecast: 113K vs. prior 254K), Unemployment Rate (expected steady at 4.1%), and ISM Manufacturing PMI (forecast: 47.6)—could further impact market outlook, with any surprises likely to influence Fed expectations and Nasdaq sentiment.
Risk Management
• Entry: Near current levels, aiming for downside momentum.
• Stop Loss: Above recent highs to protect against false breakouts.
• Target: Initial target at $18,800, with potential to extend if bearish momentum persists.
Risk Note: Given the volatility associated with these macroeconomic events, there is potential for increased fluctuations. Managing risk through stop-losses and close monitoring of data releases is essential.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
NEW ATH on Nasdaq, 20,722 Will Break Any TimeI'm Bullish on Nasdaq, New ATH on Card Any Time, 20722 Will Break Any TIme. So Avoid Short Plans.
NAS100 Coach Amilia and GQ We seen NAS100 hit the FVG and previous break from the weekend and filling it up ,
we're looking for a retraction on the major candle before seeing some potential bullish movement to the upside. ultimately we're going to see some ranging in the candles but we will be looking for short high allocation sales but then looking for ATH long term buy if we can
USTEC is engulfed in uncertainty ahead of the US election
Stock prices in the semiconductor companies declined after reports that the US government instructed major companies to cut China companies from their supply chains. NVIDIA's gains diminished to a 0.48% increase, while the Philadelphia Semiconductor Index dropped by 0.55%.
Additionally, Warren Buffett's decision to sell US stocks and secure cash negatively affected the overall US index. Berkshire Hathaway reduced its stock holdings from 905 million shares at the end of last year to 300 million shares by the end of September, including a significant sell-off of Apple stocks this year.
USTEC briefly tested 20140 but failed to hold above the 20000 threshold. After slipping back to the channel's lower bound, the index awaits further price triggers. If USTEC breaches the resistance after re-entering the channel, the index may gain upward momentum toward the 20680 high. Conversely, if USTEC fails to enter the channel and retreats to 19700, the index may fall further to the support at 19520.
NAS100 View!!Amazon.com
AMZN
rose 6.2% after it reported earnings on Thursday that revealed strong retail sales, boosting profit above Wall Street estimates.
Meanwhile, Apple
AAPL
fell 1.2% as investors worried about a decline in its China sales during its most recent quarter.
Other so-called Magnificent Seven members Meta Platforms
META
and Microsoft
MSFT
also reported earnings earlier this week and warned on AI-related infrastructure costs, dragging the Nasdaq
IXIC
down on Thursday.
Nasdaq Insights: Uncovering Today’s Opportunities 08-NOV-2024Rise and shine, traders! Start your day with actionable Nasdaq insights. Let's grow your skills together, one chart at a time.
NAS100...Ever The Bullish Instrument Part 4.5 (Retracement)Now that my objective of the HL to HH is complete, it is now time for me to carefully analyze the market correction to determine the next HL that will be formed.
There may be times that I will sell if all my certifying conditions are met, however those are moves that I do not publicize readily as they require a lot of hardwork, research and development...It is what that in mind that I always encourage traders to utilize their demo accounts to try new setups and to journal your wins and losses, that is the only way to grow to the next level and to effectively build a unique strategy.
What am I expecting?
1. The needed retracement to form my largest HL
2. The possibility of a volatile session to create the needed trend HL
In any even mi bias is always bullish with the understanding that any sells are temporary moves to setup my trend HL's.
Happy trading.
#oneauberstrategy
#auberstrategy
#aubersystem
#whywewait
#patience
#zigzagtheory
NASDAQ Analysis scenarios ideaWe can see 2 Gaps in the Nasdaq, with USA Elections ahead i expect volatility.
I think we will close the 19800 gap first, then 19600 for then going up.
It depends a lot in the USA elections results
Always do your research
NAS100 when it rain it pours ( SELL)*I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
Melt down.
Nas100 Meltdown *I am in no way a financial advisor and you should always do your own due diligence before placing any trade. Do not trade what you are not comfortable with losing. No trade is guaranteed.
Market Entry
SL: 20,176
TAKE PROFIT: 17,063
NASDAQ is Approaching An Important SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19600 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19600 support and resistance area.
Trade safe, Joe.
US100 ALMOST RIGHTWe got the move perfectly right, only we thought it would happen an hour later for the 15:30 session ;
now it is aiming at a conglomeration of KL and trend limits, meaning it will bounce hard at 15:30 when it finally reaches the limit ;
be advised.
