Nasdaq With the newly elected and bullish sentiment is the overall united setae economic health. Nasdaq is expected to keep rising 21291.
US100 trade ideas
Does Nasdaq continue to decline?Given the support at the 20,349 level, after breaking this area, a continuation of the decline can be expected towards the levels of 20,217 and 20,091.
Otherwise, if the resistance level of 20,490 is broken, an upward movement is anticipated towards the level of 20,678.
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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NASDAQ Strong Bullish Momentum ContinuesHey Traders, in tomorrow's trading session we are monitoring NAS100 for a buying opportunity around 20200 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20200 support and resistance area.
Trade safe, Joe.
Nas100 Bearish IdeaOnly going off of what information the chart has showed and in no way trying to predict anything. This week I'm bearish on Nas100 looking for it to retest the new resistance that was once support to see if it will hold. If price can stay under that resistance I will be looking to enter a trade at that level and targeting previous support. I try to keep trading simple by letting the charts show me the levels they want to go to and me reacting. Any feedback is appreciated :)
MY NAS100 LONG IDEA 31/10/2024Direction: Long
SL: 1950-1966
Indicators:
1. MA (20,50,100,200)
2. Trendline - Algo
3. Support and Resistance
4. Fib Level
5. I also use MT5 - Tradingcentral tools
Technical:
1. MA 20 still above 100 and 200 so I believe we still have room for bull run.
2. Red trendline was broken so we have a price drop but I also see a possibility for the price to and breakthrough the green trendline.
3. Price is dropping to a Support zone and I have a confirmation on Tradingcentral tool on MT5.
4. FIB level at golden zone.
5. Tradingcentral tool signaling DECLINE but price is bouncing off of the support area at the moment.
Fundamental and economic:
1. US economic data is looking good we had a bunch of data that negatively impacted the prices but I think these are good retracement opportunities.
2. I use Edgefinder tool which shows me a score of 5 "bullish" on Nasdaq.
3. We are in Q4 and usually this is where we find good setups for long run.
NASDAQNASDAQ, might open up with a possible downward gap to our zone and once it touches our zone, place your first entry right on the zone, and the market has a 90% chance to cover up the gap after . Second entries will be based on the market breaking the neckline, that's my take on Nasdaq coming up week .. Stay tuned and happy profitable week folks ...
NAS100 - First LONG, Then SHORT20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Your interest motivates me:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it:
Price will fill the imbalance by retesting the key confluence break @ 20700.
If this confluence of resistance holds here, price will continue to short.
Please monitor the 4HR SMA's closely for a structure break otherwise.
I deeply appreciate you taking the time to study my analysis and point of view.
KEYNOTE:
The most important to consider always, before you leap:
When you jump in the river, make sure you are swimming "WITH" the current!!
TOP EU companies VS NASDAQ 100
1. ROG (Roche Holding AG): Swiss healthcare company focusing on pharmaceuticals and diagnostics for cancer, autoimmune, and infectious diseases.
2. ASML (ASML Holding NV): Dutch semiconductor equipment manufacturer specializing in photolithography machines used in chip production.
3. NESN (Nestle SA): Swiss multinational food and beverage conglomerate offering products in nutrition, health, and wellness.
4. NOVN (Novartis AG): Swiss pharmaceutical company developing innovative medicines for various therapeutic areas, including oncology and cardiology.
5. NVO (Novo Nordisk AS): Danish healthcare company focused on diabetes care, obesity, and hormone replacement therapies.
6. OR (L'Oreal SA): French cosmetics giant producing beauty products across skincare, makeup, and haircare.
7. MC (LVMH Moet Hennessy Louis Vuitton): French luxury goods leader spanning fashion, cosmetics, wines, and jewelry.
8. AZN (AstraZeneca PLC): UK-based pharmaceutical company specializing in treatments for oncology, cardiovascular, and respiratory diseases.
9. SAP (SAP SE): German software corporation offering enterprise resource planning (ERP) solutions for businesses globally.
10. SAN (Sanofi): French biopharmaceutical company focusing on vaccines, specialty care, and general medicines.
Nasdaq makes island reversal - falls to 200 EMA 25% opportunityBearish opportunity
25% fall to the key level of support
Nasdaq got a head of its self
Good luck
NASDAQnice manipulation to the upside.. price was never intended to head up. Just a trap to take all buyers.. all I see are sells all this November besides the year is almost over
Consistency in DNA #12STRATEGY
In trading we have this beautiful opportunity to choose our own strategy. We are basically our own boss and that comes with responsibilities of a successful person. I truly believe that only if we change ourselves with the process of trading, we're going to be able to make big bucks.
~ AS Malone
Consistency in DNA #11SYSTEM
There's a lot of systems we have to follow as traders. Actually there are systems inside systems. But for me it's all about simplicity.
~AS Malone
NAS100The NAS100, often referred to as the Nasdaq 100, is an index that tracks the performance of the 100 largest non-financial companies listed on the Nasdaq stock exchange. It is heavily weighted toward the technology sector but also includes companies from other sectors like consumer discretionary and healthcare.
Key Features of NAS100:
1. Tech-Heavy Composition: Includes major companies like Apple, Microsoft, Amazon, Tesla, and Nvidia.
2. Growth-Oriented: The index is known for its focus on growth stocks, making it highly sensitive to changes in market sentiment and interest rates.
3. Global Exposure: Many of its companies operate globally, making it a reflection of global tech and innovation trends.
4. Trading and Investment: Like SPX500, NAS100 can be traded through futures, options, and CFDs or invested in via ETFs, such as the Invesco QQQ Trust (QQQ).
Characteristics:
• Volatility: Higher than SPX500 due to its concentration in tech and growth sectors.
• Performance: Often outperforms broader indices in bullish markets but can experience sharper declines during downturns.
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.
Bearish Bias on USTECMarket structure is currently on a downtrend
The Bullish Breaker was invalidated at 20,600 with price slicing through the zone transitioning it to 4H mitigation Breaker Block
I'm anticipating a pull back to the new mitigation block zone at 20,600 and continuation of sells from 20,600 to 20,055.55 as my profit target
Consistency in DNA #10TOOLS
There's a lot of systems and processes we need to follow as traders. We need to get really through this learning curve and become the best versions of our selves during this journey. This is a path of constant development and waking up everyday with a purpose. When you have your dream and manifest it, you're basically finally feel alive...
~AS Malone
Nasdaq (Day trade bounce)this trend with the 50ma should act a big daily support if reached today for a day trade
