NAS100 H4 | Uptrend to resume?NAS100 is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 19,632.80 which is a pullback support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 19,250.0 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 20,203.96 which is a pullback resistance.
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NASDAQ 100 CFD
Nasdaq Thoughts 20-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
Important Support Zone: 17496.82-17806.08
Hello, traders.
If you "Follow", you can always get new information quickly.
Please click "Boost" as well.
Have a nice day today.
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I published it as a NAS100USD chart, but this is the first time I published it as an IXIC chart.
The reason I published it as an IXIC chart is to check the gap location.
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To summarize the content below a little more,
- The key is whether it can receive support near 17806.08 and rise above 18425.15.
- If it rises, it is expected to determine the trend again near 19189.16-19615.36.
- If it falls below 17806.08
1st: 17496.82
2nd: 16480.98-16574.39
3rd: 15491.66-15780.14
You need to check whether there is support near the 1st-3rd above.
- Since the StochRSI indicator is currently in the overbought zone, even if it continues to rise, it will eventually show a downward trend.
At this time, whether there is support near 17496.82-17806.08 is important.
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It is rising with a 2.32% gap increase.
It is expected that a full-scale uptrend will begin when it rises above 18425.15.
Therefore, the key is whether it can rise with support above 17806.08.
If it falls below 17806.08, it is likely to fall to around 17395.53.
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It has risen above the left Fibonacci ratio 3.14 (17191.03) and is rising near the right Fibonacci ratio 0.886 (18171.81).
Therefore, if it rises above 18425.15, it is expected to determine the trend again near the right Fibonacci ratio 1 (19189.16) ~ left Fibonacci ratio 3.618 (19615.36).
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However, since the StochRSI indicator is currently in the overbought zone, it appears to be forming a high point.
Whether this high will be a real high or a high to create a pull back pattern will depend on where it is supported.
Therefore, if it falls to the lowest point from the current price position, the key point is whether there is support near 17496.82.
However, as I mentioned earlier, the first support area is near 17806.08.
-
Have a nice time.
Thank you.
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Nasdaq Thoughts - 19-Sept-2024Good morning, traders! I'm excited to share my Nasdaq trading zones with you today, packed with potential trading opportunities. Dive in to uncover valuable insights for opening positions, but remember, these are merely guidance - not signals. Use them at your own discretion and risk. Happy trading!
NASDAQ 100 (NAS100)If the Federal Reserve decides to implement a 50 basis point cut, it can often lead to a positive market reaction, particularly in technology-focused indices like the NASDAQ 100 (NAS100). However, predicting the exact magnitude of the movement is challenging as it can vary based on various factors, including:1. **Market Sentiment**: If the market perceives the rate cut as a strong signal of support for economic growth, NAS100 could see a notable rally.
2. **Investor Reactions**: Traders might react differently based on their expectations before the announcement. If the cut was anticipated, the immediate reaction might be muted, as much of the effect could have already been priced in.
3. **Additional Factors**: Other influences such as earnings reports from tech companies, inflation data, or global economic conditions can also affect how NAS100 responds post-announcement.
In general, historically, significant rate cuts have led to positive movements in indices like the NAS100, potentially allowing for gains in the range of 1-3% on the day of the announcement. However, actual outcomes will depend on the factors mentioned above and cannot be guaranteed. It’s always wise to consider volatility and other market conditions when investing.
NASDAQ Index Overview: Current Market Drivers & Future ProspectsThe NASDAQ Composite Index, known for its heavy concentration in technology stocks, has experienced a rollercoaster ride in recent months. On Monday, the index declined by 0.52%, in stark contrast to the S&P 500 and the Dow Jones Industrial Average, which both saw gains. The NASDAQ’s dip amid the broader market's positive performance highlights the ongoing volatility and shifts in investor sentiment within the tech-heavy index. Let’s take a deeper look into the drivers influencing the NASDAQ Composite.
Current Fundamental Drivers
1. Interest Rate Sensitivity:
The NASDAQ Composite is heavily influenced by changes in interest rates due to its reliance on growth-oriented tech companies. Typically, technology stocks thrive in a low-interest-rate environment as their future earnings become more attractive. However, with the U.S. Federal Reserve poised to cut interest rates in its next meeting, the market is eagerly anticipating how significant these cuts will be.
According to the CME FedWatch Tool, there is now a 67% chance of a larger-than-expected 50 basis point cut. This possibility has drawn investor attention back to tech stocks, which are expected to benefit from reduced borrowing costs. A large rate cut could fuel another surge in technology stocks, but the sector has recently faced headwinds from profit-taking and sector rotation into financial and energy stocks.
2. AI and Semiconductor Influence:
The Artificial Intelligence (AI) boom has been a key driver of NASDAQ’s gains in 2023. Notably, Nvidia, a leading player in AI-related hardware, has seen its stock rise nearly 136% this year, while Meta, which has developed its own AI model, has gained about 51%. The strong performance of these companies underscores the central role AI plays in bolstering the NASDAQ.
Yet, the tech sector is not without challenges. Nvidia, despite being a linchpin of the AI movement, fell 1.95% on Monday, with broader semiconductor stocks also declining. The VanEck Semiconductor ETF, which tracks chipmakers, dropped by 1.31%. This indicates that while AI remains a powerful force, the sector’s performance is susceptible to short-term volatility and broader market conditions.
3. Global Factors:
International developments have also played a role in the NASDAQ’s performance. For example, Japan's Nikkei 225 fell by 1.03% as the yen strengthened against the U.S. dollar, while Hong Kong’s Hang Seng index rose 1.15%, signaling mixed sentiment in the Asia-Pacific markets. These fluctuations impact U.S. tech stocks, as many are global companies with exposure to international markets.
The strengthening Japanese yen has been particularly significant as it can affect U.S. exports, including high-tech products, reducing profitability for tech giants that rely on global sales. The Bank of Japan’s upcoming policy decisions in October and December could further influence currency fluctuations and global tech performance.
Technical Analysis
From a technical perspective, the NASDAQ Composite remains in a precarious position. As of this writing, the index is down by 0.47%, and the technical indicators offer a mixed picture of where it could be headed.
1. RSI Momentum:
The Relative Strength Index (RSI) for the NASDAQ currently stands at 55.48. This suggests that the index has room for further upward movement, but is hovering in a neutral range. The RSI hasn’t entered the overbought zone, indicating that while the index has potential for growth, it could face resistance as it approaches key levels.
2. Trend Channel and Support Levels:
The NASDAQ Composite has been trading within a rising trend channel since the fourth quarter of 2023. The index’s ability to maintain its position within this channel is crucial for its continued growth. The 16,000 pivot level serves as a significant support point. A breakdown below this level could catalyze a bearish move, leading to a potential reversal of the recent gains.
Investors and traders are keenly awaiting guidance from U.S. Federal Reserve Chair Jerome Powell, whose upcoming speech could provide critical insights into the Fed’s policy outlook. Any hawkish comments or signs of hesitancy in cutting rates may weigh heavily on the NASDAQ, especially given its reliance on lower borrowing costs.
3. Sector Rotation and Divergence:
One notable observation is the sectoral shift from technology stocks into other parts of the market. On Monday, financial and energy stocks outperformed, with both sectors rising by over 1%. This divergence reflects the broader trend of investors reallocating capital in anticipation of lower rates. Financial stocks, in particular, have been beneficiaries of this rotation, as hedge funds made their largest purchases of financials since June 2023, according to Goldman Sachs.
Outlook and Conclusion
In summary, the NASDAQ Composite is at a crossroads, with fundamental and technical forces pulling in different directions. On the one hand, the prospect of significant interest rate cuts could revive enthusiasm for tech stocks, while on the other, the index’s technical indicators suggest caution, especially if it breaks below the critical 16,000 support level.
For investors, the upcoming Federal Reserve meeting will be pivotal. If the central bank delivers a larger-than-expected rate cut, the NASDAQ could rally, with AI and tech stocks leading the charge. However, any disappointment from the Fed could trigger further sector rotation, pushing investors toward less volatile sectors like financials and energy.
As always, in periods of uncertainty, it’s essential to stay vigilant and monitor both market fundamentals and technical indicators to navigate the path ahead. The NASDAQ’s next move will depend not only on economic data and Fed policy but also on the evolving trends in AI and global markets.
NAS100 Technical Analysis and Trade Idea (NASDAQ)👀 👉 Here's my take on the current NAS100 (NASDAQ) situation:
NASDAQ-100 Technical Outlook
The NASDAQ-100 index is showing signs of weakness on the 4-hour chart, with a notable shift in market structure. We're seeing a pattern of lower highs and lower lows, which typically signals bearish momentum. This could potentially drive prices down to test previous support levels.
Key Levels and Entry Strategy
I'm currently eyeing a short entry, but I'm not jumping in just yet. My strategy is to wait for a clear break of the current structure, followed by a retest of the range lows. This approach allows for a more favourable risk-reward ratio and increases the probability of a successful trade.
Broader Market Context
Seasonal Patterns
Historical data reveals an interesting seasonal trend: bears have often dominated the market from mid-September onwards over the past 5-6 years. This aligns with our current technical outlook and adds weight to the bearish thesis.
Technical Indicators
The MACD is showing a bearish signal on the daily chart, further supporting our downside bias . Additionally, the RSI at 55.95 suggests there's still room for downward movement before we hit oversold territory.
Trade Idea
Given the technical setup and seasonal tendencies, I'm looking to short the NAS100 on a break and retest of the current range lows. Key resistance levels to watch are around 17,511 (50-day moving average) and 17,480 (20-day moving average).
Remember, while this analysis provides a solid foundation, always conduct your own due diligence and adhere to strict risk management principles. The tech sector can be volatile, so position sizing is crucial. 📉✅
NAS100: Three days traders long in the market (scalp)Hi everyone and welcome to my channel, please don’t forget to support all my work subscribing and liking my post, and for any question leave me a comment, I will be more than happy to help you!
“Trade setups, not movements”
1. DAY OF THE WEEK (Failed Breakout, False Break, Range Expansion)
Monday DAY 1 Opening Range ✅
Tuesday DAY 2 Initial Balance
Wednesday DAY 3 (reset DAY 1) Mid Point Week
Thursday DAY 2
Friday DAY 3 Closing Range
2. SIGNAL DAY
First Red Day
First Green Day
3 Days Long Breakout ✅
3 Days Short Breakout
Inside Day
3. WEEKLY TEMPLATE
Pump&Dump ✅
Dump&Pump
Frontside ✅
Backside
4. THESIS:
Long: Secondary, although my main thesis is short, day 3 long breakout traders in th market is not necessary a reversal signal, it can also keep going pushing higher, especially on Monday which setup the high low of the week. Depending on how it will setup after 9:30am NYT (equity opening), if a buy low is presented I can be willing to take a long trade.
Short: Primary, the market is out of balance, in breakout and is consolidating after an interesting pump performed on Friday during the NY session. London session of today placed a LL into the current LOD, and if it pumps back up in the closing price or any other relevant level, I will be shorting NAS back to at least the Friday LOD.
Please note that the purpose of my analysis is to help me and you hunting the best trade setup for the day, none of my technical aspects are a way to forecast any directional market movement.
Gianni
Nasdaq Thoughts 16-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100 Is Bullish! Buy!
Here is our detailed technical review for NAS100.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 19,484.5.
Considering the today's price action, probabilities will be high to see a movement to 19,918.5.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
NASDAQ=> Breakout, 19900 next?Hey Traders, in today's trading session we are monitoring NASDAQ for a buying opportunity around 19300 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 19300 support and resistance zone. Once we get any bullish confirmation a decent target will be 19900 as it's considered the next major resistance NASDAQ will be facing.
Trade safe, Joe.
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time.
We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out.
Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move.
I expect to see the double bottom to be taken out in the upcoming weeks.
Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom.
You can boost the idea for free if you have a paid plan and if the idea helped you.
Thanks for reading I wish you all good and safe trades.