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IXIC trade ideas

Market Watch Can the NASDAQ Overcome Resistance or Will It Fall?The NASDAQ has been struggling to break above the $20,059.24 resistance level, facing multiple rejections in recent sessions. This repeated failure to push higher suggests a potential shift to bearish momentum, especially with broader market weakness observed this week. If the NASDAQ fails to clear this resistance, we could see it break down from its current channel, which has been intact since September 6, 2024. If the price moves lower, the next key support levels are at $18,669.99 and $17,975.67. A breakdown below these levels could trigger further declines, and the market might follow suit with a broader selloff. These support levels are critical for any potential reversal. Keep a close eye on the resistance and support levels, as the direction here could influence the broader market sentiment in the coming weeks.
NASDAQ:IXIC
by CryptocurrencyWatchGroup
Nasdaq and S&P500 before the electionHello, traders! I mostly post cryptos here but I also trade indices so I wanted to share my ideas. Markets are showing steady and calm movements as the election approaches and I think now might be a good time to watch over the indices. I often check the indices because I trade them regularly - my idea behind the trades is simple. "It will rise if it gets too low." Of course I wouldn't do the same for cryptos but I feel much more confident with the indices. Looking at my charts, I noticed the indices are now pretty close to my entry points which are bottom (support) lines of the regression channel and the pitchfork. With the election and possible rate cut ahead this week, there's a great possibility the markets will move upwards - even regardless of the result. This is due to the excitement for the new government. I'll keep watching.
NASDAQ:IXICLong
by QJEEE
Where is Nasdaq heading? support line where, resistance where?Take noted the below is not an investment advise, bet at your own risk. I am solely not responsible for any of your loses in money or assets. The Current Nasdaq Composite price is 13211.81 as of 25 September 2023. The Nasdaq have potential to drop to 12022.08 to 12000 range in the coming 1.5 months before the Fed's FOMC in November 2023. The price will hover between 14189.43 to about 12022.08 within this period. Potential strong tailwind is the pause of US Fed's rate hike this coming November 2023. This will drive and test the resistance level at 14189.43. If there is a breakout then the next level of weaker resistance based on the dynamic resistance will be at 15466.76. Potential strong headwind will drive the market to around 12022.08 because of higher rate for longer by Fed's US. If next 1.5 months down the road if there is other or fews strong headwinds appears then the price might breakout from 12022.08 and head lower to a stronger support at 10604.35. This is highly unlikely to happen withing next few months as the Fed's is data dependent and also depend of the next 6 months' data to say that they will maintain the Fed's funds rate for longer. Still I think is not clear at the moment that the Fed's need higher for longer for 2 years. 10604.35 is a very strong support level based on the 1-week chart of Nasdaq composite. I would only start buying a little at 12022.08 and reassess for 2 to 3 weeks before buying more. If by the time Nasdaq reach 12022.08 and the S&P have no reach 3900. The Nasdaq composite might go lower following the S&P 500. Based on current market condition it is highly unlikely to get a low that surpasses last year October 2022 bottom. However, the future for a US recession is unclear currently as there is both camp of soft landing and a recession.
NASDAQ:IXICLong
by juntech8
2
Nasdaq Composite: Market Exposure and Industry InsightsThe Nasdaq Composite is currently in a confirmed uptrend . As of October 4th, there are 3 distribution days , which implies mild pressure in the market, but conditions remain favorable overall. Our market exposure is suggested at 90% , indicating confidence with some caution. Key Points: Market Condition: The Nasdaq's current uptrend is intact, with support holding above the 21-Day Moving Average (DMA) . This level is crucial and should be watched closely in the upcoming sessions for any changes in market sentiment. Industry Strength: Technology remains a leader, with notable strength in Software and Semiconductors . Leisure Gaming also shows promise. On the other hand, sectors like Solar , Specialty Retail , and Auto Manufacturers have underperformed, trading below their 50-DMA and 200-DMA , which suggests ongoing weakness. Opportunities: We see actionable opportunities in Software and Networking . Stocks like Arista Networks (ANET) and Apple (AAPL) are showing promising setups, either forming bases or trading near pivot points. Arista Networks (ANET): ANET has shown consistent strength, breaking past its recent pivot at $364.15. Quarterly earnings have surpassed estimates consistently, with positive growth in gross margin and return on equity. With the RS line rising and price nearing highs, ANET continues to be a leader in the Networking sector, offering an opportunity for potential gains. Apple Inc. (AAPL): Currently consolidating near the upper pivot range of $233.09. Earnings projections remain positive, with a growth estimate of 12% for the upcoming quarter. The stock is supported well above its 21-DMA, indicating healthy momentum. Market interest remains strong despite mixed earnings surprises in previous quarters, positioning AAPL as a potential breakout candidate. The key takeaway is to maintain exposure in leading industry groups, focusing on sectors demonstrating strength. Narrow pullbacks are a positive sign for further gains. It’s advisable to avoid exposure to weaker segments that are struggling below key moving averages. Let us know—do you see strength in the tech sector, or are you focusing on other opportunities? Disclaimer: The information provided here is for educational purposes only and should not be construed as financial advice. Trading involves significant risk, and you could lose some or all of your investment. Always do your own research and consult with a professional financial advisor before making any trading decisions. Past performance is not indicative of future results.
NASDAQ:IXICLong
by TradeVizion
Important Support Zone: 17496.82-17806.08 Hello, traders. If you "Follow", you can always get new information quickly. Please click "Boost" as well. Have a nice day today. ------------------------------------- I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart. The reason I published it as an IXIC chart is to check the gap location. - To summarize the content below a little more, - The key is whether it can receive support near 17806.08 and rise above 18425.15. - If it rises, it is expected to determine the trend again near 19189.16-19615.36. - If it falls below 17806.08 1st: 17496.82 2nd: 16480.98-16574.39 3rd: 15491.66-15780.14 You need to check whether there is support near the 1st-3rd above. - Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend. At this time, whether there is support near 17496.82-17806.08 is important. ------------------------------------------------------------------------------- It is rising with a 2.32% gap increase. It is expected that a full-scale uptrend will begin when it rises above 18425.15. Therefore, the key is whether it can rise with support above 17806.08. If it falls below 17806.08, it is likely to fall to around 17395.53. - It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81). Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36). - However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point. Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported. Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82. However, as I mentioned earlier, the first support area is near 17806.08. - Have a nice time. Thank you. --------------------------------------------------
NASDAQ:IXIC
by readCrypto
Is the NASDAQ in a Wave B or the bull market is not over?I’m really curious to see how the NASDAQ will unfold in the coming weeks. The bull market and dip buyers seem more resilient than ever, despite significant divergences between market performance and the broader economy. The big question is: Are we still riding a Wave 5, or is this all just a trap waiting to unfold? What’s even more interesting is that both the recent correction and the recovery retraced exactly 0.786 of their respective moves. This symmetry could be signaling something important—is it a sign of strength, or just another layer to the potential trap?
NASDAQ:IXICShort
by integer256
Nasdaq Composite will now probably see a correction of 7-12%.Clear technical signals have now been given that a major correction may come within a short time for one of the world's most important stock market indices, The Nasdaq Composite Index (^IXIC) in the USA We all know that there will occasionally be some slightly larger corrections of typically between 7-12 per cent, and even if the underlying trend for indices or shares can be positive. Now the time may have come for this type of correction, and for the very important American stock market index Nasdaq Composite. Technical Analysis of the Nasdaq Composite Index (^IXIC) If we look at the weekly charts for the Nasdaq Composite (^IXIC), a clear sell signal was given in the last week from a 'shooting star' pattern in the weekly candlestick chart for the Nasdaq Composite. What reinforces this sell signal is that the Nasdaq Composite is now both right up against the resistance level at upper trend line in the long-term rising trend (cf. chart), and at the same time various momentum indicators (weekly charts) show a heavily overbought situation for the Nasdaq Composite. The overall technical picture for the Nasdaq Composite now indicates that this one of the world's most important stock market indexes, the Nasdaq Composite, may be facing such a 'typical' correction which comes in at around 7-12 per cent down, and within the rising trend. In any case, no one should be very surprised if such a correction were to occur in the coming weeks and months for the Nasdaq Composite Index (^IXIC). According to the long-term rising trend that the Nasdaq Composite Index (^IXIC) is moving within (cf. chart), a correction down to somewhere around 16,000 - 17,000 is now being signaled for the Nasdaq Composite. On Friday 12 July 2024, the Nasdaq Composite ended at 18,398. So if there should now be a correction down towards 16,000 - 17,000 for the Nasdaq Composite, it would therefore mean a correction of precisely around 7-12 percent down from today's level at 18,398.
NASDAQ:IXICShort
by StockCharts365
3
The Nasdaq Composite could fall a further 50 percent.There was a not entirely unexpected correction down here for the Nasdaq Composite, and now the million dollar question is, what now and where will the Nasdaq Composite go from here and now? The answer to that we all wish we had, but no one does. When the market is very volatile and unsettled, as it has been in recent days and weeks, I tend to put on the long glasses and focus on the bigger picture for stocks and indices. I have now done that here with the Nasdaq Composite today and after recent days of turbulence on the stock exchanges around the world, and for the Nasdaq Composite. It is fear of a recession that is plaguing the markets now, and there are many fundamental key figures that speak for the possibility of a recession, but the positive thing is that recessions do not usually last forever, but it can be brutal on the stock exchanges while standing for a few quarters. Back to this with looking at the slightly bigger picture, and here for the Nasdaq Composite index. Here a weekly chart and with a 200-week moving average. It is known to everyone that the 200-day moving average on the daily chart is very popular and very widely used in technical analysis. However, not many people see the value of using a weekly chart with a 200-week moving average. I have marked here all the way back to 1985 and shown quite clearly I would think that, as here for example the Nasdaq Composite, such corrections sometimes get down to the 200-week moving average, and very often turn up again from there. But not always, and that is marked with green arrows here. The question we are all asking ourselves now is, of course, what now? Where will the market and the Nasdaq Composite go from here on out? Personally, I think we are not done with the correction we are in here now, and I imagine that there will likely be a test of the 200-week moving average and down towards the lower trend line in the marked long-term rising trend here (blue lines). If that happens, it means that the Nasdaq Composite will go down to around 14,000 points or thereabouts before this correction is over, maybe over. Should there be a break below the 200-week moving average, then we might see such a bigger drop and perhaps all the way down towards around 8,000 points for the Nasdaq Composite. So a drop of around 50% from Monday's level around 16,200 points. My experience over 35 years is that when the market gets such extreme volatility as now, and for example the Nikkei index falls 12 percent one day and rises 10 percent the next. Then my experience is that it is often not over so suddenly and then everything is just as before and well and good again. So I don't have a definitive answer here, and neither does anyone else, and about where the markets and the Nasdaq Composite index are going to go from here on out. I need to at least see that it actually takes around these levels and a little more than a day or two. As you know, it is often a bad idea to catch a falling knife. I am, as my analysis shows here today, yes, I am now uncertain, and I am certainly not alone in being so. I'm inclined to think we're not done with this correction yet, and envision us going down and testing the 200-week moving average and lower trendline in the long-term uptrend for the Nasdaq Composite. We all see that historically such corrections come down to the 200-week moving average from time to time, and that there are often good buying times around those levels. So if the Nasdaq Composite gets down to around 14,000 points or thereabouts and down towards the 200-week moving average and lower trendline in the long-term uptrend, then yes, I would be more comfortable buying than where we are now. I also see a danger that we get a break down below the 200-week moving average, and then there could be a fall all the way down to the 8,000 level for the Nasdaq Composite as I consider it. Just sharing my thoughts here and what I think, but by all means, I'm not sure of my case here, but I think the Nasdaq Composite will go down to around the 14,000 level, and maybe even down to around the 8,000 level. I will come back with follow-up analyzes in the future here, both around the Nasdaq Composite and other indices and shares. I would recommend everyone to adopt and look at 200-week moving averages for both stocks and indices in their analyses. You will soon see that it is well worth keeping an eye on, and it is not quite rare that things turn from there during the major corrections.
NASDAQ:IXICShort
by StockCharts365
THE FREAKY SEVEN IS SET TO CONTINUE ITS CHEMICAL TRIP. SOON...US stock indexes closed mixed on Monday as investors awaited a massive wave of data this week. 171 companies within the S&P 500 are set to report their second-quarter earnings results this week, and expectations are high given the Nasdaq Composite (IXIC) 16% year-to-date rally. Some of the biggest companies including Apple, Microsoft, and Amazon will report results this week. I won't sing you lullabies about expected numbers. The major technical graph indicates that 50-Day SMA already done & fully retested. The next one chase is IXIC 125-Day SMA & all the way below, as much as it possible.
NASDAQ:IXIC
by Pandorra
NASDAQ Composite - The Momentum Will Continue Till 19,250(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%. (2) Following this, the price found solid support near the 10,150 level and started to climb again. (3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards. (4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend. (5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.
NASDAQ:IXIC
by NaranjCapital