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NASDAQ Analysis Hi Guys hope you all had a great weekend. Last week nasdaq we had some good bullish rally then came back to retest the trend line and now has started to continue. Good S/R and Trendlines can never go wrong. Market respects that's a lot and this is one of the key indicators for us to see where the market is coming next to getting this right is so important. Today we may see the bulls take the price to 13793-13922. However if the price does come back and close below 13400 there is still good chance for the bears to come in pushing price down to 13170 and below. Trade safe, use the correct lot sizes and have good risk managements in place. Problem is not trades hitting stop loss, but the losses are more than the account can handle.
OANDA:NAS100USD
by Tradeofgrey
Nasdaq analysis Hi Guys, We had a beautiful rally yesterday pushing the price up to 13517 one of our key resistance area. So far the market has followed by previous analysis very nicely. But today I would be precautious. Will this rally continue or will we see bears come in today. For the bulls our target will be 13664-13921 and for the bears anywhere between 13300-13041. On the lower timeframe we can see the market is consolidating and even formed a triangle. I would wait for a break of the consolidation before taking any trades. Be ready for either the bulls or the bears.
OANDA:NAS100USD
by Tradeofgrey
Nas100 Bearish 4H channelNasdaq has respected the Monthly trendline today, however, I remain bearish on the long-term. the 4H bearish channel has not been broken. I also doubt that it will break the 13350. The sustained close under this value will see it remain bearish. The market is running hot and the FED is not stepping in. Retail investors did react to the "buy the dip" , however I don't believe we have seen its "dip" just yet. The recent CPI's and NFP have not been good at all. Shocking to say the least. Inflation is inevitable in my opinion and risk aversion will become more apparent. We have NOT seen to true impact of the pandemic and soon tech will feel the brunt.
CAPITALCOM:US100Short
by claude2503
1
Nas100 Analysis Nas has been playing beautifully with the support and resistance areas respecting the higher timeframe trend lines. I have had many messages with people who have taken the trades from analysis and saw some amazing results. and yes it is as simple as that. Today I feel we will have some more bears, a bounce of 13297 will bring us down to 13042- 12776. However if we do break through 13297 I would wait for 13409 before taking a long trades to give me the signal that its clear for the bulls to come in. We should always look at higher timeframes just to understand what is happening in the market.
OANDA:NAS100USD
by Tradeofgrey
NAS100 - Will the long term support hold?Looking at NAS on the daily, price is approaching a trend line that has been well respected over the past year, along with RSI reaching towards the oversold territory, and the MACD already deep under; from a technical perspective, 12950/13000 could be a great price to enter a long position for a medium term trade. However, the key fundamental factor driving NAS lower recently (inflation fears - and rightfully too) should certainly be a cause for concern and could continue to push NAS lower to some key areas (12700 / 12200 / 11000 - maybe a little exaggeration here).
FX:NAS100
by quyverlander
NAS100 AnalysisHi guys hope you all had a great weekend. We had some good bullish movement on Friday taking price to 13793 zone, The market is still respecting the support/resistance line drawn early last week. This week its still a very mixed feeling, The bearish fall may not be over yet. If we look at the higher timeframe, This bullish push can be just a pullback for the bears to continue. We will need a clear of 13793 for the bulls to continue. I would watch the 4 hours carefully to see how this plays. A break of 13664 can result in bears pushing down further. I will highlight the Daily/4Hr timeframe on a separate post. Be patient and protect your capital. Nasdaq is a very volatile pair and if your dont have good risk management it can easily blow your account. If you want to learn how to trade nasdaq you can take the nasdaq course. Currently half price. Please see link below
OANDA:NAS100USD
by Tradeofgrey