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NASDAQ Ready for an impressive finish of the year.Nasdaq (NDX) is coming off a 4H Golden Cross, the same kind if formed on November 08 2023, straight after the bottom of the 18-month Channel Up. As the 1D MA200 (red trend-line) has been in strong support of this Channel Up, the index is now on a similar Bullish Leg (blue Channel) as the one that started 1 year ago. We are at the stage were after a roughly +20% rise from the bottom, the short-term Bullish Megaphone tested and held the 4H MA200 (orange trend-line), which based on the January 2024 fractal, could initiate the 2nd Phase of the Bullish Leg. The previous one peaked on a +31% rise, so we expect the index to reach at lest 22000 by the end of the year. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Nasdaq - This Is Just The Beginning!Nasdaq ( TVC:NDQ ) is starting the next parabolic rally: Click chart above to see the detailed analysis👆🏻 Although the Nasdaq is about to create a new all time high, this is just the beginning of the next major higher timeframe bullrun. The Nasdaq just broke above the channel resistance and is now heading for a +30% move. It feels absolutely counterintuitive - welcome to the stock market. Levels to watch: $20.000, $26.000, $16.000 Keep your long term vision, Philip (BasicTrading)
TVC:NDQLong
by basictradingtv
27
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.
CAPITALCOM:US100Short
by Ali_PSND
USNAS100 / NFP With bearish volatility Technically : The price has dropped precisely as anticipated. It is now expected to reach 19860, with a stabilization below 20008 level likely extending the decline toward 19740. Bearish Scenario: While trading below 20000, the price may attempt to reach 19860 and 19740. A break below 19740 would pave the way for further declines toward 19520. Bullish Scenario: Stabilization above 20020 would open the path to 20240. Further strength above this level could create a bullish zone targeting 20420. Today’s market is expected to be highly volatile due to the release of the NFP, Unemployment Rate data, and earnings reports, which will likely have a strong impact on indices. Key Levels: Pivot Point: 20020 Resistance Levels: 20125, 20240, 20330 Support Levels: 19860, 19740, 19520 Trend outlook: - Bullish above 20125 - Bearish below 20020 previous idea:
OANDA:NAS100USDShort
by SroshMayi
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.
CAPITALCOM:US100Short
by AR33_
US100 Trade Log### Trade Setup (29/10/2024) - US100 Aggressive Re-Entry with Pyramiding 1. Initial Entry on 1H FVG: - Target: 1:2 RRR. - Risk: 1% of account per entry. - Stop-Loss: Below the 1H FVG. - Entry Signal: Look for a pullback into the 1H FVG with bullish confirmation. 2. Aggressive Pyramiding: - Re-entry with additional positions if price respects the 1H FVG and shows continued bullish momentum. - Monitor each entry with independent 1:2 RRR. - Keep total cumulative risk across all entries within risk tolerance limits (e.g., overall 5% max risk if fully pyramided). 3. 4H Signal Confirmation: - Use 4H timeframe signals (e.g., strong bullish close, support/resistance confirmation) to justify continued re-entries. - Pyramiding allowed only if 4H signal aligns with the bullish bias, providing added strength to the trade. ### Strategy - This aggressive pyramiding approach relies on multi-timeframe alignment with the 1H FVG as the entry zone and the 4H chart supporting the trend. - Track earnings and news, as US100 can be sensitive to market sentiment changes. - Adjust and manage cumulative risk carefully with each additional entry.
PEPPERSTONE:NAS100Long
by Fondera-Trading
US100 Trade Log - NFP + Bad Apple EarningsTrade Log (31/10/2024) - US100 Short Setup 1. Context: The setup is influenced by multiple bearish factors: - Recent Non-Farm Payrolls (NFP) data indicating weaker-than-expected job growth. - Bad earnings report from Apple, adding to negative market sentiment. - Formation of a bearish wedge pattern on the charts. - 1H timeframe shows a short signal within a Fair Value Gap (FVG) acting as a supply zone. 2. Entry strategy: - Target: 1:2 RRR. - Risk: 1% of account. - Entry confirmation: Enter short when price retraces into the 1H FVG and shows bearish signals, such as a reversal candle or rejection wick. 3. Stop-loss and take-profit: - Place stop-loss above the upper boundary of the 1H FVG to protect against false breakouts. - Set take-profit at twice the stop-loss distance for a 1:2 RRR. 4. Additional considerations: - Monitor market reactions closely to any follow-up reports or news related to major tech stocks. - Be prepared for increased volatility around NFP data and Apple’s impact on broader tech sentiment.
PEPPERSTONE:NAS100Short
by Fondera-Trading