Get started

NAS

Nasdaq analysis New York market will be opening very soon and it will be very interesting to see where this market goes. We are in a very crutial point on nasdaq where this retest on the bullish structure can be the sign for a big fall as analysed last analysis. However if we do see the price creep back inside the structure then we can see more bulls coming back in pushing prices high again and most likely even creating new highs. For now I will still strongly side with the bears as the bullish structure has been broken. Things can easily change so always have good risk management in place.
OANDA:NAS100USD
by Tradeofgrey
2
NAS due for pullbackNAS is looking like an exhausted impulse wave on the macro fibs, with an ending diagonal. Daily dojis and bear hammers near the 2.618 fib, 15k. RSIs overbought, hidden bear signal on OBV. We're also near the top of the 8-month bull channel, ~15250, so Risk/Reward for bulls is low here. Also considering the DIX and GEX: squeezemetrics.com GEX already peaked and DIX is turning the corner, which usually precedes corrections. GEX peak means price action has stalled in options. DIX peak means dark pool activity is at all time highs. I'm still bullish mid-long term, but we should at least see a pullback to the 1 month VWAP(white) around 13750. Stop loss around 15k. Will re-short around 15250 if it gets that high. Position: SQQQ @ $8.37
OANDA:NAS100USDShort
by Drip_Drop
3
Nas100 analysis Hi Guys, Nasdaq is still in a very strong bullish trend which failed to break and we can see a continuation. My expectation now would be nasdaq will reach 15000 before going further to 15100. From there if price drops we may see a big drop, breaking through this current trend to the downside to 14050. So a long way down before price continues to go up. When this retracement will happen I dont know but keep a eye out for the break of the bullish trend as an indication. For now we will most likely carry on rising to at least 15100.
OANDA:NAS100USDLong
by Tradeofgrey