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Don't Panic! Nasdaq Bear Breakout May Signal Trading RangeNasdaq Market Analysis Report Overview The Nasdaq Composite Index has displayed a bearish breakout from a prominent top pattern on the daily chart. This pattern followed a strong bullish trend, indicating a potential shift into a trading range rather than a fully-fledged bear trend. I'll analyze where the market could find a bottom, explore potential trading strategies, and offer a market outlook. Bear Breakout and Trading Range Potential While the April breakout was strong, a transition period into a trading range remains likely due to the preceding bull market. Identifying the range's bottom is crucial for pinpointing trading opportunities. Support Levels and Market Direction Key support areas to watch include: - Previous All-Time High: A natural support level. - 200-Day Moving Average: Historically significant indicator. - 50% Pullback: Common retracement level in major trends. - Weekly Bull Channel Trendline: Provides underlying support. - Round Number Levels: $16000 and $15000 offer psychological support. Market sentiment will be influenced by whether bears continue to hold the current scenario, preventing any substantial breakouts above previous highs. Trading Strategies - Bullish Approach: Consider selling volatility (e.g., put spreads with 45 DTE) near the identified support levels. - Bearish Approach: Selling around current prices with a stop at the recent all-time high could work. Look for double/triple tops or trade resistance from the 50-day MA. Conclusion The Nasdaq likely faces extended correction towards either the 200-day MA or the weekly bull channel's lower trendline. Price action around these areas will provide clues to the market's true direction, allowing for suitable adjustments to your trading strategies.
NASDAQ:NDX
by Diagnosis_Analytics
NVDIA: bottomed but may consolidate for a while. Massive upside.NVDA is neutral on its 1D technical outlook (RSI = 45.860, MACD = -7.940, ADX = 34.317) as it corrected to a respectable extent, a correction that we have been expected as pointed out on our latest idea. The Channel Up is intact, the price crossed under the 1D MA50 and like the September-October correction, it may consolidate until it catches up with the 1D MA100. Whatever the case, this is most likely NVDIA's bottom, a symmetric -21.33% correction with an enormous upside on the 4.0 Fib extension, like the two Highs prior. For the time being our target is a more modest one on the 2.0 Fib (TP = 1,250). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NVDALong
by InvestingScope
DOW JONES: Pattern worked like beauty. Technical rebound.Dow quickly turned neutral again on its 1D technical outlook (RSI = 49.651, MACD = -238.11, ADX = 37.915) not staying for long on its previous bearish state as after hitting our TP = 37,300 it rebounded emphatically and is about to test the 1D MA50. The pattern was the same as the prior corrections inside the Channel Up: pullback to the 0.382 and -6.95% in particular like on December 20th 2022. Now the price should at least retrace to the 0.786 Fib on this bounce. Long TP = 39,350. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Long
by InvestingScope
S&P500: 1D MA100 hit. Short term rebound at least to be expectedS&P500 is bearish on its 1D technical outlook (RSI = 37.601, MACD = -44.800, ADX = 58.528) as it touched the 1D MA100 on Friday after more than 5 months. This calls for a short term rebound at least as every previous corrective wave inside the multi month Channel Up that approached the 1D MA100, it rebounded to at least the 0.618 Fibonacci level. Following our last short call, we are now turning long again (TP = 5,115). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Long
by InvestingScope
1
DAX: Almost on the 1D MA100. Has it bottomed?DAX effortlessly made a -6.50% decline from the top and hit our 17,450 TP, crossing in the meantime under the 1D MA50 for the first time since November 10th 2023. Naturally its 1D technically outlook turned bearish (RSI = 41.378, MACD = 14.500, ADX = 36.627). In our view, it has or is very close to the new technical bottom as the 1D MA100 is just right under and the 1D RSI is inside a Channel Down bottom similar to March 20 2023. We don't expect the price to drop much lower than 17,300 next week, if it does then the ultimate long term buy entry will be on the 1D MA200. Our target by June is the HH Zone again (TP = 18,750). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:DE40Long
by InvestingScope
Nasdaq and Indices Lower on Middle East conflictNasdaq keeps pushing bearish as the stock indices struggle to deal with rising tensions and conflict in the middle east. The Monthly/Weekly timeframes .. everything is bearish. As we head into the close of the week I'm anticpating a further push bearish. The previous 4hr candle closed a shooting star candle.. this coincided with the 1hr timeframe rejecting a 1hr resistance zone,17,397. The market dropped and really disliked the Israel strikes from 12 hours ago. We have bearish momentum , anticpating a retest of daily support level 17,164. The weekly candle will likely keep pulling down to finish off the candle. Vix volatility index gapped way up overnight due to war conflicts and this signals more puts being bought and therefore more anticpated downside on the Indices.
NShort
by ShrewdCatfx
NASDAQ: This is a short term correction leading to 21,500.Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November 2020 that resumed the uptrend afterwards almost as high as the 4.0 Fibonacci extension level. The RSIs are very much alike as well, under LH trendlines. Consequently our long term target is slightly under the 4.0 Fib (TP = 21,500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
1
Descending patterns can be seen in the S&P 500 Trading Setup: There is a Trading Signal to Sell in SPX500 (4h) Traders can open their Sell Trades NOW ⬇️Sell Now or Sell on 5170.0 ⭕️SL @ 5257.0 🔵TP1 @ 4871.0 🔵TP2 @ 4700.0 🔵TP3 @ 4550.0 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .
BLACKBULL:SPX500Short
by pullbacksignal
S&P500: First 4H Death Cross since August 14th 2023!S&P500 has formed today a Death Cross on the 4H timeframe after 8 months (August 14th 2023), turning bearish on the 1D technical outlook as well (RSI = 37.122, MACD = -81.00, ADX = 53.782) as yesterday it crossed under the 1D MA50 for the first time since November 3rd 2023. Both are technically very bearish developments and according to the last 4H Death Cross, we remain bearish until we complete at least a -5.87% decline (TP = 4,980). Observe how the symmetry among the two fractals is very strong, both the Death Cross and the 1D MA50 breakout were done around the same Fibonacci levels. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US500Short
by InvestingScope
1
DXY - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 DXY has been overall bullish , trading within the rising channel in red. Currently, DXY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a strong resistance zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green resistance. 📚 As per my trading style: As #DXY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
TVC:DXY
by TheSignalyst
3
DOW JONES: Close to our Target. Is it a buy after?Dow Jones is almost oversold on its 1D technical outlook (RSI = 31.431, MACD = -279.330, ADX = 39.462) and is approaching our TP = 37,300 that we called nearly one month ago. The target will be a direct hit at the middle of the long term Channel Up and approach the 0.382 Fibonacci. As long as the 1D MA200 supports, we will then reverse to buying, at least on the short term, expecting a rebound to the 0.786 Fib (TP = 39,350) like on January 16th 2023. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US30Short
by InvestingScope
DAX Cash Index (DECEUR) Quick Video IdeaEASYMARKETS:DECEUR DAX Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. 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. easyMarkets 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.
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by easyMarkets