Nasdaq market analysis: 10-Jan-2025Let’s dive into today's Last Nasdaq market analysis 2024. Share insights, and potentially spot opportunities for good pips.
NAS100USD trade ideas
Bullish bounce off pullback support?USTEC is falling towards the pivot which acts as a pullback support and could bounce to the 50% Fibonacci resistance.
Pivot: 20,802.45
1st Support: 20,514.07
1st Resistance: 21,294.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
IDPA price action since after the market reached for the PWH @21,546 (light purple line ) ... it created a higher high above last weeks high but it was not strong enough to chase the actual structural high@ 21,876 to confirm a full bullish scenario
NFP is tomorrow and one thing is for sure is that theyve been ranging for thes few days which to me means we're more likely to see whip saw considering the nature of the market and where the most stops reside,
in this case am looking to see Wednesday's high being swept during of after the NFP before confirming a sell scenario for this index ( ill be checking out the S&P500 for which is most pooled towards wednesdays high and utilize SMT )
DAILY LEVEL = daily upclose candle before large bearish candle *this is the same range that swept last week's highs and quickly reversed away from *
** i dont enter the initial reaction i wait to see is the level being respected with proceeding downclose candles below upclosed ones?**
NASDAQ Under PressureThe NASDAQ remains weak. After the significant price losses on Tuesday, strong hidden bearish divergences are now establishing themselves in the OBV. In view of the political and economic uncertainties, pressure on the NASDAQ is likely to increase in the coming days. A possible catalyst could be strong labor market data, which makes further interest rate cuts less likely.
NADAQ strategy - Next NFP I hit final 5° wave target.
I think there will be possibility for a rebound of index until 21k area
Thia area means retest of minor support area (1° wave) and also 0,5 rebound of last long leg
Tomorrow we will have the NFP.. if it will suggest a potential stop of interest rate reduction we can see this short.
Buy Analysis: NAS100The price broke out of the descending trendline with a successful retest near the 21,100 support zone. This breakout confirms bullish momentum. I'm expecting the price to climb toward the resistance levels at 21,167, 21,218, and possibly higher.
Fundamentals:
The NAS100 is experiencing upward momentum, driven by improving investor sentiment. Optimism stems from recent U.S. economic data suggesting slowing inflation, increasing the likelihood of a more accommodative Federal Reserve policy, which benefits growth-focused indices like NASDAQ.
NAS100 on Pause: Focused on Scalping Until NFP Shifts the Market👀 👉 The NAS100 has been stuck in a range and lacks a clear trend at the moment. Currently, I only see potential for scalping opportunities. With NFP coming up tomorrow, I’m leaning toward staying on the sidelines and waiting to see if a US100 trend develops next week, which could present some profitable setups for the NASDAQ. ⚠️ This material is for educational purposes only and should not be considered financial advice.
NASDAQ Following the Bitcoin PatternNasdaq is showing a pattern similar to the one we are looking now on Bitcoin (for short term). I expect a pullback here, targeting the resistance area at 21.500.
USTEC - LONG - 09/01/25This idea is a bit different from the usual as it is based off chart patterns. Price action has formed an ascending flag and looks ready to break out. The stop is really minimal as this isn't the usual analysis techniques I'm used to. However, this presents a very high RR. Target is the beginning of the channel.
#NAS100USD 4HNAS100USD (4H Timeframe) Analysis
Market Structure:
The price is consolidating within a symmetrical triangle pattern, indicating indecision in the market. This pattern reflects a balance between buyers and sellers, with the potential for a breakout in either direction.
Forecast:
A breakout on either side of the triangle will determine the next directional move. Traders are advised to wait for confirmation before entering a position.
Key Levels to Watch:
Entry Zone: Wait for a confirmed breakout above the resistance or below the support of the triangle.
Risk Management:
Stop Loss: Placed beyond the opposite side of the breakout to manage risk.
Take Profit: Target measured moves based on the height of the triangle, projected from the breakout point.
Market Sentiment:
The symmetrical triangle suggests neutral sentiment, with the potential for significant movement depending on the breakout direction.
NASDAQ1001. Identified Support and Resistance Levels:
Resistance Zone: The chart highlights a resistance area between approximately 15,700 and 15,900. This zone has previously acted as a ceiling, preventing upward price movement.
Support Levels: Support is noted around 15,200 and 14,800, serving as floors where buying interest has historically emerged.
2. Trend Analysis:
Current Trend: The NAS100 appears to be in a consolidation phase, oscillating between the identified support and resistance levels.
Potential Breakout: A decisive move above the 15,900 resistance could signal the continuation of the bullish trend, while a drop below 14,800 might indicate a bearish reversal.
3. Technical Indicators:
Relative Strength Index (RSI): The RSI is approaching overbought territory, suggesting that the upward momentum may be weakening.
Moving Averages: The chart shows the 50-day and 200-day moving averages, with the 50-day MA trending above the 200-day MA, indicating a bullish alignment.
4. Chart Patterns:
Ascending Triangle Formation: The price action appears to be forming an ascending triangle, characterized by rising lows converging toward a horizontal resistance line. This pattern typically suggests a potential bullish breakout.
Conclusion: The NAS100 is currently trading within a well-defined range, with key resistance around 15,900 and support near 14,800. The ascending triangle pattern, combined with the bullish moving average alignment, indicates a potential upward breakout. However, the approaching overbought RSI warns of possible short-term consolidation or a minor pullback before any significant move.
Recommendations:
For Long Positions: Consider entering after a confirmed breakout above 15,900, with increased volume as confirmation.
For Short Positions: A break below the 14,800 support could provide an opportunity, especially if accompanied by a bearish crossover of moving averages.
Risk Management: Implement stop-loss orders just below support levels for long positions and above resistance for short positions to mitigate potential losses.
big correction incomingafter the boom comes at least a mini bust. There is clearly a quantum/AI bubble and its due for a nice correction whether we've reached the top or not.
Nasdaq analysis: 09-Jan-2025Good morning, everyone! Today's Nasdaq analysis is designed to educate and empower. Use these insights to refine your price action trading strategy.
Bullish bounce?USTEC is falling towards the pivot and could bounce to the 1st resistance level.
Pivot: 20,802.45
1st Support: 20,514.07
1st Resistance: 21,294.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
NAS100 - lets focus on recoveryTeam,
Yesterday, we got DOW to hit two targets. and 3 target short for the DAX
We are now entering long at 21076-85 ranges
STOP LOSS at 21035 or extend to 20987
Target 1 at 21112-26 - NOTE: once it hits our first target range, take partial and bring stop loss to BE.
Target 2 - 21187-95 - I would prefer to take this target as confident.
Target 3 - 21286-21332
Weekly chart analysis for US100 Currently showing support at the previous high. We still have selling pressure, however if we continue to keep above 20,600 with bullish confirmation, we can expect further upside to a new ATH. Below we can expect support at the trend line.
Overall Long term trend is still up, we will be looking closely at company earnings and the feds response to sticky inflation.
We are looking for a weekly bullish candle signal and confirmation from multiple time frames to confirm our entry, at current support or the current trend line.
NASDAQ100 vs US10YSomething is brewing up in this ratio chart between NASDAQ100 vs US10Y. We see in our ratio chart on a daily timeframe, that the 20 Day DMA is already below the 50 DMA and 100 DMA and on the way to be below 200 DMA. The last time it did this in April 2024 it was an bullish indicator. The assessment is that the 20 DMA first goes below 200 DMA in the next couple of weeks and then the RSI flips bullish and gives us a bullish flash indicator. RSI is currently at 26. Watch until it touches 20 and then we can go for long QQQ and short US10Y.
NASDAQ: The buy zone is under the 1D MA50.Nasdaq is neutral on its 1D technical outlook (RSI = 47.510, MACD = 54.540, ADX = 27.946) as it got rejected yesterday back to its 1D MA50. This trendline is holding since September 12th and during this 4 month period is sustained a very steady uptrend. This is so far the bullish sequence with the slowest pace inside the 2 year Channel Up. This lack of strength along with the fact that the 1D RSI formed a pattern that during these 2 years was followed by a dip under the 1D MA50, suggests that it might be best waiting for the price to hit the 1D MA100 before placing a long term buy again. Once this condition is met, we will go long and aim for the 2.0 Fibonacci extension (TP = 24,350), which was always hit when a Channel Top was priced.
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Technical Analysis of Nasdaq 100: Key Support Holds as Bulls The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
US100 longUS100
LONG
💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
us100 LONGus100 LONG
💎Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
⛔️INSTRUCTIONS 1:
Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss
⛔️INSTRUCTIONS 2:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
Potential buyBased on the gap I feel that the market would attract to it (TP4). It has also taken out liquidity recently and it should be looking to take out the previous highs and also to fill in orders above
US100 2025 ABC CorrectionWe've reached the bull flag target and exceeded the target.
ABC correction to take place, I would be looking for a 20-30% retracement following the fib levels from the October 2022 lows.
I would first expect a trendline touch followed by a small rally and then a trendline breakdown to reach the C wave target ~17k.
