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NAS

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
NASDAQ/US100/NAS Move to the DownsideAnalysis done on the daily/4H timeframe. Nas has been overall very bullish, with very few corrections. How much longer can this go on for? As you can see, i've drawn out a few supply and demand (S&D) zones from the 4H TF. The last two 4H candles have been in favour of the bulls, with massive wicks to the downside. I've actually entered a buy here myself. This is because i see price revisiting the second-to-top zone, and then coming back down. Hopefully, if bears gather enough strength, we will have a move to the downside (represented by the arrow path). There's a chance price may revisit the ATH but i believe a correction is long overdue. I've drawn the bottom trendline out from the daily TF and if we're able to break and stay below it comfortably, the move to the downside will continue. I'll let you guys know if i end up entering nearer to the top. Updates to follow, follow me to see them.
UShort
by darbova
3
Nasdaq Analysis Nasdaq is consolidating at price all time high. Price is expected to go higher. We can see its in a strong bullish trend where price has been bouncing off and making new highs. In respect to this trend, price will carry on consolidating until it breaks to the upside to reach 14900. However if price does decide to break down then we may see price come down to 14520 before continuing back up. IF price does break 14520, Then we can see some sell offs as this strong bullish trend will be broken. Bulls: 14900-15000 Bears: 14520.... if broken 14336 and further
OANDA:NAS100USD
by Tradeofgrey