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QQQ - QQQ poised to continue lowerWe maintain a bearish notion on QQQ. Accordingly, our short-term price target of 305 USD stays in place; the same applies to our medium-term price target of 300 USD. Illustration 1.01 The picture above shows increasing selling pressure. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish. DM+ and DM- are bearish too. ADX paused a climb and dipped lower. Despite that, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX increases, which indicates that the bearish trend is gaining strength. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
3
QQQ - Nasdaq 100 to form new lows in the short-termYesterday, after the FED decision, QQQ gained over 3%. Despite that, we kept our stance and did not abandon our bearish price targets. Indeed, we noted that the relief rally was in progress and that the abrupt move up reflected the market's fragility. We think today's fall foreshadows more weakness ahead. Our short-term price target for QQQ is 310 USD; the medium price target is 305 USD. Illustration 1.01 Today, we pointed out this bearish structure just before the fall. Additionally, yesterday, we also pointed out that declining volume accompanied the bounce in price. Technical analysis - daily time frame RSI reversed to the downside, which is bearish. Stochastic fails to move higher. MACD remains bearish. DM+ and DM- also show bearish conditions in the market. Meanwhile, declining ADX reflects a recent pause in selling pressure. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are all bearish. The same applies to DM+ and DM-. ADX indicates that the bearish trend is gaining strength. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
CME_MINI:NQ1!Short
by Tradersweekly
10
Nasdaq Analysis Hello Everyone. Another great trade as planned. As analysed yesterday the price broke down this triangle it formed yesterday and reached the first target 12976. Price will most likely continue to push to areas of 12786. Learning to draw key areas is so important as prices bounce around these areas. If you can get your key areas right you will not even need any drawings and pure price action will be sufficient enough to take trades. Many people struggle with drawing support and resistance lines however with the correct techniques it is very simple.
OANDA:NAS100USD
by LondonTradingFloor
QQQ - Short term price target of 312 USDWe continue to be bearish on the Nasdaq 100 index. Our view is supported by a combination of fundamental and technical factors. Because of that we would like to set a new short-term price target for QQQ to 312 USD. Illustration 1.01 The picture above shows Nasdaq 100 continuous futures (NQ1!) on the daily chart. It also shows the immediate support/resistance level which was broken yesterday. Technical analysis - daily time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX continues to increase, which signals that the bearish trend is gaining strength. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, and Stochastic are bearish. The same applies to DM+ and DM-. ADX signals the bearish trend is regaining momentum. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
2
Nasdaq Analysis A beautiful break out of trend line, broke through 13250 and now on route to 13000 area as explained on previous analysis. This area is the monthly structure and we expect all the buyers to be sitting here. However as this structure has been hit few times now i wont be surprised if this structure lets through and we may go lower than 13000. If you missed this trade then be patient and wait the price will pullback shortly and then take the final push for the day. look for 13300-13250 area for entries. We cant be in everyday, when we miss the train we wait for the next one patiently.
OANDA:NAS100USD
by LondonTradingFloor
End to daily bearish trend and strong momentum.Last week the bulls were in action for the most part of the week. And the after hitting some area of resistance the bears stepped in and gained resistance. Last week lows were broken as part of this support turned resistance which gave away some movement to the market downside. Several lower lows were made during this week and they held tightly as resistance. Steadily pushing the market to the bottom on the 1hour was strong bearish. The Fibonacci is saying their is and area at the 25% that is holding at support which in turn makes it possible for the bulls to return. We wait for a new higher lows to form now.
CAPITALCOM:US30
by BrazenForex429
NAS100 reversal - playing through support/resistance levels1) 13850 support held and downtrend broke 2) 14350 resistance held temporarily 3) Price broke up towards 0.618 fib retrace level where it rejected. 4) 14350 then acted as temporary support which broke 5) NAS100 is trying to bounce/find support around the previous 13850 support level. If the 13850 level holds I think over the next couple of weeks we will make our way back to test the 0.618/0.702 fib retracement levels. If the 13850 level breaks I think that we will move down to 13000/13100, which could be seen as a pullback to the broken trend-line. However, a HTF close back below this trend-line will change my medium term view to bearish. Today's US CPI release / tomorrows PPI release will likely provide the volatility required to break this level or bounce from it. Short-term view: Neutral Medium-term view: Bullish (new ATH in coming months) Long-term view: Bearish (stock market crash within the coming year(s))
OANDA:NAS100USD
by quyverlander
NAS Outlook 4/2 My sentiment is bearish on NAS, however I expect price to turn around and take out everyone who thinks they got in early. This gives us bullish opportunities early in the week. I am only interested in prices in and around the unmitigated 5min OB for long entries. Not interested on the long side of NAS till it does something to change my opinion. Sells are valid from significant retracements to relevant POIs. However I don't see price truly turning around till about 15123. These are not live orders in the market. I enter trades off most current price action.
FX:NAS100
by akhena10fx
5