#NDX , #NASDAQ, #US 100, #QQQThis is what I'm thinking about the #Nasdaq, #QQQ, #NDX, #US 100 until the end of November. It's just an opinion for educational purposes.
NDQ trade ideas
NASDAQ Best Place To Sell It And Get 500 Pips , Ready ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USTEC gained as earningsUSTEC gained as earnings from Micron provided a temporary boost to a market that has been trading sideways. The chipmaker reported strong sales of high-bandwidth memory chips in 1Q, along with upbeat revenue, earnings, and an optimistic forward outlook.
USTEC broke its consolidation and the psychological resistance at 20000, confirming an uptrend continuation. The diverging bullish EMAs show strong upward momentum.
If USTEC extends its surge, the index may target the record high around 20700.
On the contrary, USTEC may return to 20000 if the index pulls back before its continuation.
Analysis of NASDAQ 100 (H1) - Technical Breakdown (Sep 26 2024)1. Wyckoff Accumulation & Distribution Phases:
This chart heavily applies Wyckoff's methodology, which is built on the phases of market accumulation and distribution. The schematic is drawn to reflect the following phases:
Phase A marks the preliminary support (PSY) and automatic rally (AR), where initial buying pressure emerges after a prolonged downtrend, indicating early signs of accumulation.
Phase B represents a secondary test (ST) and an upward thrust (UT) within the trading range. This phase signals the testing of supply and the building of a cause for future price movement.
Phase C typically includes a "spring" or test of support, but this chart appears to be leaning towards a distribution pattern as the price tests the upper boundary.
We can observe signs of a Sign of Weakness (SOW) in Phase B, suggesting a potential shift from accumulation to distribution, as supply overwhelms demand at higher price levels.
2. Elliott Wave Count:
The Elliott Wave theory, which describes price movements in predictable wave patterns, is applied to the broader structure. The chart indicates the presence of a five-wave impulsive pattern (labeled 1-5):
Wave 1 seems to have completed near the automatic rally (AR).
Wave 2 traces back towards the end of the rally, with Wave 3 extending beyond the buying climax (BC).
The final wave (Wave 5) culminates with an upward thrust (UT) in Phase B, which could signal the completion of the current cycle, leading to a bearish correction or retracement.
3. Harmonic Patterns:
There is a clear integration of harmonic patterns within this chart, which is often used to predict potential reversal zones based on Fibonacci ratios. The highlighted zone with Fibonacci extensions (0.618, 1.236) suggests a potential area for a retracement:
The butterfly harmonic pattern outlined between Phase A and Phase B suggests that after the buying climax (BC), the price is primed for a pullback as it approaches key Fibonacci resistance levels.
The Bearish Bat pattern shows convergence near the upper resistance level (around 19,900-20,120), which corresponds with the end of Wave 5 in the Elliott Wave structure.
4. Fibonacci Levels and Retracements:
Key Fibonacci retracement levels have been plotted, notably the 0.618 and 1.236 extensions. These levels serve as potential resistance or support zones in the chart.
The price action initially retraced to the 0.618 Fibonacci level (around 19,567), marking a key level for potential support.
If the 1.236 extension level (19,576) holds as resistance, it could validate the bearish scenario suggested by the Wyckoff distribution and harmonic pattern convergence.
5. Volume and Price Momentum:
Though the volume is not displayed, the POC (Point of Control) is marked, which represents the price level where the highest volume of trading occurs within the given period. It aligns with a strong support zone at around 19,567.
RSI Indicator (represented by the red line below the price chart) appears to show weakening momentum, particularly in Phase B, further supporting the potential for a downward move as the price begins to test upper resistance levels.
6. ICT (Inner Circle Trader) Model Reference:
There is a reference to ICT’s Classic Weekly Profile. This model suggests a predictable weekly price structure where Monday typically creates a low or high for the week, followed by a mid-week reversal.
The chart points to a possible reversal towards the middle of the week, supported by the Wyckoff distribution and harmonic setups.
7. Key Resistance and Support Zones:
Several key levels are highlighted:
Upper Resistance (19,962.5 - 20,120): These zones, indicated by the buying climax (BC) and upper thrust (UT), are likely to serve as strong resistance as the price begins to retrace.
Support Zones: The area near 19,567 (0.618 retracement) and 19,490 marks a significant support zone, where demand could potentially re-enter if prices pull back sharply.
8. Wave Invalidation Points:
The chart includes an invalidating point for Wave 4. If the price breaches this level, the current wave structure would be invalidated, and a deeper correction might be expected. The potential invalidation could occur near 19,322, signaling a breakdown in the bullish impulse wave count.
Conclusion:
In summary, this NASDAQ 100 chart reflects a complex but highly informative mix of Wyckoff Distribution, Elliott Wave Theory, and Harmonic Patterns with Fibonacci retracements. The ongoing phase seems to indicate a transition towards a bearish correction, particularly as prices approach major resistance zones around 19,900 to 20,120. Traders should monitor key support levels near 19,567 and below, as a breach of these levels would likely trigger deeper corrective moves in line with the Wyckoff and Elliott Wave structures.
Nasdaq ThoughtsGOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100USD / UNDER (Sep) MONTH PRESSURE - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Initial Decline:
In the first part of September, prices fell by 8.21%. This indicates a negative trend early in the month.
Mid-Month Rise:
By the middle of September, prices reversed and began to increase, rising by 10.25%. This suggests a recovery or positive momentum starting mid-month.
End of Month Expectation:
It is expected that by the end of the month, prices will rise further, reaching a total increase of 14.45%. This projection suggests a continuation of the positive trend that started mid-month.
Overall, the prices of nas100usd a volatile price movement, with an initial drop followed by a recovery and an expected significant increase by the end of September.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 19,954, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 19,954, it's expected to rise to 20,432.
- Target 2: If the price stabilizes above 20.432, the next target is 20,797$.
Downward Condition:
- If the price falls below 19,954 , it suggests a potential decline:
- Target 1: A decline to 19,844.
- Target 2: If it breaks below 19,844, further decline is expected to 19,535.
Potential Long tradeWe have a Triangle pattern at a key resistance, what we see here is a breakout followed by a pullback and now we see the second pullback, this provides the perfect entry at the higher high of the pullback
WE ONLY TRADE PULLBACKS
Nas100 is pressing for a breakFollowing the higher low formation on September 9th, the NAS100 successfully broke back above the key 19,500 confluence resistance.
The price is showing strong support on dips, and it is currently pushing toward breaking the critical 20,000 milestone.
A confirmed break above this level could pave the way for new all-time highs, with the next major resistance around the previous ATH zone at 20,700
NAS100 9/26/24💹
Outlook: Price is way to overextended form what it looks like a Tokyo run/continuation where you could have gotten involved. However I did not which is okay because I will be waiting for NY news tomorrow to pass where then I will look for continuation trades.
Bias: Neutral until we re-accumulate and make a pullback into the 10/20emas.
NAS100USD New position updatedIt’s going up till 20590 then going down till 19325 but if break support below 19325 then it’s going down till 18537.
The stock market is highly volatile. Please be very careful with your investments.
Don't be fooled by the word economic recession.
Billionaire’s move in silenceDip Buyers Strong. It has been more than 34 years since a real recession has hit Australian shores.
Nasdaq Long
Memory updated
Technical Analysis:
The market is currently trading within an ascending channel, characterized by two distinct touches on both the upper resistance and lower support levels. We recently observed a bullish rebound from the 0.236 Fibonacci retracement level, where sell pressure was rejected, allowing buyers to take control. Given this setup, there is a strong likelihood that the market will test the resistance level for a third time, with potential new highs projected between 20,500 and 20,800.
Fundamental Analysis:
As we enter the fourth quarter, seasonal consumer behavior, particularly driven by the upcoming festive period, is expected to influence the markets. With an uptick in consumer spending, many companies are likely to see a boost in sales, providing a positive backdrop for continued bullish momentum. Another catalyst for this period is yet to emerge but may further support the bullish outlook as we progress through Q4.
Current Position:
I am currently holding a long position, having identified 19,915 as a key resistance level that has recently been breached. The daily candlestick closed firmly above this level, indicating potential support for the continuation of the bullish trend. This breakout reinforces the case for upward momentum in the near term.
NAS100Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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Enjoy Trading... ;)
US100 / NASDAQ TODAYFor me is bullish SL last low and TP around 20500
This is just my view is not recomend
NASDAQ-100 breaks 20,000 resistance again - what's next?The NASDAQ-100 breaks through the 20,000 resistance level again. The way up is open.
Note to self to check later: These are the important levels and the intermediate stops that look likely from today's perspective.
Beautiful Bull Pennant on NDQ 4 hrLooking at a beautiful Bull Pennant on NDQ 4 hr. Looks to be breaking out of the upper trend line now. Keeping a close eye on this one.
NAS100 is going higher The NAS100 is surging, riding the wave of bullish momentum as tech giants drive the index higher. Fueled by strong earnings, innovation (mostly AI related).
It is breaking through resistance levels and hitting new highs. With market sentiment on fire and the rally showing no signs of slowing down.
Detailed Breakdown of NASDAQ (NAS100) 1H Chart1. Wyckoff Distribution: Understanding the Phases
The Wyckoff Distribution model is essential for spotting market reversals. Here's a phase-by-phase breakdown of what's happening on the chart:
Phase A: Initial Consolidation
Preliminary Supply (PSY): The first sign that sellers are entering the market. A noticeable rally is slowing down, and buying momentum is weakening.
Automatic Reaction (AR): After reaching PSY, a sudden drop occurs as sellers take over, and the market establishes a new trading range.
Selling Climax (SC): This is where the heavy selling starts to slow down, but not without a significant price dip. SC often forms the bottom of the trading range.
Phase B: Distribution and Testing
Secondary Test (ST): After the AR, price revisits the upper bound of the range, but it doesn’t exceed the highs of the PSY. This forms a peak in the market that further confirms the range.
Sign of Weakness (SOW): Sellers begin to control the market, leading to a lower high or weak rallies within the range.
Upthrust (UT) in Phase B: The market attempts one final push above the established range, trying to trap buyers into believing that an upward breakout will occur. However, this rally fails, forming a Last Point of Supply (LPSY) at the peak of the market.
LPSY and Distribution Completion
LPSY (Last Point of Supply) is a clear signal of market exhaustion. The final upward test (UT) fails, and this typically triggers the start of a sharper decline.
After LPSY, the price starts heading downwards aggressively, signaling that the distribution phase is nearing completion and the market is ready to enter a markdown phase (bearish).
Key Wyckoff Levels in the Chart:
Resistance Level (BC Distribution): Around 19,962.5, marking the upper boundary of the range. This is the price level where the distribution occurred.
Support Level (AR Distribution): At 19,760.1, marking the lower boundary of the consolidation range. This is where buyers briefly took control before sellers resumed dominance.
2. Elliott Wave Analysis: Bearish Wave Count
The chart appears to be using Elliott Wave theory to predict the next market movement. The wave count indicates:
Wave Count Breakdown
Wave 1: An initial bearish impulse wave down, marking the first sign of a reversal.
Wave 2: A corrective move upward, likely reflecting an ABC pattern where price briefly retraces before continuing downward.
Wave 3: The next significant downward wave, usually the strongest and longest in an impulse wave pattern.
At this point, the market is expected to continue into Wave 4 and Wave 5 for further downside:
Wave 4: A smaller corrective move upward before the final push lower.
Wave 5: The final bearish wave, confirming the completion of the full Elliott wave cycle.
Invalidation Points in Elliott Wave
The Wave 4 invalidation point is highlighted at 19,322.9. If price retraces to this level or below, the current wave count will be invalidated, and the overall bearish structure will be reconsidered.
There is an invalidity threshold at 20,064.9 that indicates if price rises beyond this, the bearish Elliott wave count might be invalidated.
3. Fibonacci Levels: Key Retracement Points
The use of Fibonacci retracement levels is another layer to support potential reversal points in the market. Here’s the breakdown:
0.786 Fibonacci Retracement: Positioned at 20,007.6, this is a crucial resistance level. Typically, the 0.786 retracement level acts as a strong reversal zone, indicating that price is likely to reject this area and continue downward.
0.236 and 0.272 Fibonacci Levels: These represent short-term retracement levels. The market seems to have respected these levels in smaller corrective phases, indicating that minor pullbacks will likely occur around these levels before a deeper drop.
4. Harmonic Pattern: Potential Gartley or Bat Pattern
There is a harmonic pattern in play, likely a Gartley or Bat pattern. Here's the possible interpretation:
The 0.786 retracement level plays a key role here, acting as the pivotal level for the harmonic pattern completion. Typically, these patterns show a significant reversal upon completion, which aligns with the current price rejection at this zone.
This suggests a bearish continuation once the pattern is completed, reinforcing the Wyckoff and Elliott Wave analysis.
5. Other Key Market Levels and Indicators
POC (Point of Control): At 19,423.5, this marks a critical area where the most volume has been traded. Price action near the POC could act as a magnet, pulling price back towards this level for a retest.
W Close: Around 19,483.5, which may refer to a key weekly close level. These are typically significant for institutional traders and can act as support/resistance.
These levels, combined with volume, should be watched closely for signs of either a breakout or breakdown.
6. Future Price Movement Forecast
Based on the analysis of Wyckoff, Elliott Wave, and Fibonacci levels, the expected price movement is as follows:
Potential Rejection from LPSY and 0.786 Level: The price is likely to reject the 20,007.6 Fibonacci level and LPSY, marking the end of the upthrust and initiating a further decline.
Downward Elliott Wave Completion: After the rejection, the next bearish wave (Wave 3) is expected to continue, potentially targeting the 19,400-19,300 range. This would align with the SOW (Sign of Weakness) identified in Phase B of the Wyckoff structure.
Corrective Move (Wave 4): A minor upward correction could occur after Wave 3, targeting intermediate Fibonacci levels (0.236 or 0.272). However, this correction will likely be short-lived before continuing downward.
Final Push Down (Wave 5): The final wave should push prices lower toward the 19,322.9 invalidation point, completing the Elliott wave cycle and confirming the Wyckoff markdown phase.
Conclusion
The analysis across multiple methodologies points to a bearish outlook. The price is currently in a Wyckoff distribution phase, where a failure at the LPSY level and rejection from the 0.786 Fibonacci retracement indicates that further downside is expected. Elliott Wave theory supports this with a bearish wave count, targeting a continuation of downward price action after a short correction.
counter trend set-upWe are in a strong bullish market and this set up is counter the trend making it a high risk trade. The stock market is giving go numbers and the DXY is extremly weak therefore this set up is for short term purposes.
Short Breakdown on NAS100 In this video I will give a brief view on what price is currently doing in relation to fed interest rates. Always do your own research and examine history to better create your judgement moving forward. I will try to keep this one simple and not go too deep into various subjects.
Long in nas or daxI would like to try long against double topo on top of charts becouse patterns are already filled
UPDATE ON NAS100 POTENTIAL SHORTSNAS100 4H - As you can see this pair is playing out really well, we want to see a continuation in bullish structure, trading us up and into the Supply Zone above, in doing so we expect price to reverse to the downside.
The reason for this is simple, the buyers who are buying in at the moment will be looking for valid areas to close there positions in profit, removing Demand from the market, the buyers that placed there positions in that area in price will be looking to close there positions at breakeven.
The sellers looking to sell into this market like ourselves will be looking at this area to sell, so with all that being said we are removing a-lot of buying pressure from the market (Demand) and introducing a-lot of selling pressure into the market (Supply), this giving us a complete S&D flip to the downside.
Now in order for us to have confirmation that this is taking place we need to be delivered with a break in structure to the downside, this giving us the confirmation that the correction trading us higher has finished and the new leg lower is ready to be printed.
