NASDAQ 100 CFD
NASDAQ Breakout and Potential retraceHey Traders, in tomorrow's trading session we are monitoring NAS100 for a buying opportunity around 18,800 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 18,800 support and resistance area.
Trade safe, Joe.
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq
The price reached the target we mentioned yesterday and has now achieved 19,250.
Today's Outlook:
Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices.
Bullish Scenario:
If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend.
Bearish Scenario:
If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810.
Key Levels:
- Pivot Line: 19,200
- Resistance Levels: 19450, 19570, 19720
- Support Levels: 19100, 18940, 18810
Today's Expected Range:
The price is expected to move between the support at 18,940 and the resistance at 19,570.
Our Previous Prediction:
QQQ still confined to the trading channel since 2010The blue trading channel has been a very reliable resistance since 2010. You can see the many times that it has confined price action, only being broken during the COVID bubble. My guess is that it will continue to be resistance. We will likely see a repeat of the action from 2015 and 2018 where price will slowly work sideways but ever so slightly higher with numerous pullbacks until we see a large pullback to the support side of the channel.
Here is what the action looks like on the 1D. You can really see the price trying to break out, but as we saw back in April, it ultimately lost and we had a nice pullback to buy into.
NASDAQ - Correction Due?Nasdaq is on a really impressive run, gaining over 80% in less than 2 years/
As with all good things, they must come to an end... for a short period of time atleast = correction.
This diagonal is a typical pattern for a reversal. Unlikely that we'll see a big reversal so it could be just a bearish correction for the next move higher. We have some structure levels present where we'll be reviewing what comes next once we reach them.
Trade Idea:
- Watch for signs of bearish reversal
- Our confirmation will be the break of the red trendline
- Once broken, enter with stops above the highs
- Targets: 17k, 14k, 11k
It's unlikely that we'll reach 11k so do actively manage your positions if entering shorts.
Goodluck and as always, trade safe!
DowJones (US30) Bearish patterns and signsIn this 1-hour chart of DowJones (US30), we observe a significant bearish pattern forming after the price action. The market hunted the highs of both the Asia and Euro sessions during the NY session, which typically signals a liquidity grab. This maneuver often leads to a swift reversal, as is evident by the price dropping back down after touching the resistance zone.
The index has broken down from a rising wedge pattern, a bearish reversal signal. This suggests that after the false breakout to the upside, the DowJones is poised for a considerable decline. Traders should anticipate further bearish momentum, potentially leading the index down to lower levels. The break below the wedge confirms that the upward momentum has weakened, and sellers are likely to dominate, pushing the price down further.
Keep an eye on support levels for any potential slowdowns, but the overall trend appears to be bearish for the immediate future.
NAS100 FORECAST
Overview:
- Current Price: 19019, slightly down by 0.11% (-20.2 points).
- Price Action: The index has been in an uptrend since early May, with a recent consolidation phase.
Key Observations:
1. Trend:
- The overall trend is bullish, with higher highs and higher lows forming since early May.
- There was a significant upward movement around mid-May, followed by a correction and another upward push in early June.
2. Recent Price Movement:
- After reaching a high around 19050, the price has pulled back slightly and is currently consolidating just below this level.
- The consolidation near the highs indicates a potential continuation pattern, suggesting that the market might be gathering strength for another move higher.
3. Bearish and Bullish Levels:
- Resistance: The recent high around 19050 is acting as a resistance level. A breakout above this level could signal further bullish momentum.
- Support: The previous swing low around 18600 can be considered a key support level. If the price breaks below this level, it could indicate a potential trend reversal or a deeper correction.
4. Volume and Volatility:
- The chart does not show volume, but the recent price action suggests that volatility has been relatively low in the consolidation phase. Traders will likely watch for an increase in volume accompanying a breakout or breakdown to confirm the move.
Potential Scenarios:
1. Bullish Scenario:
- If the price breaks above the resistance at 19050 with strong momentum and volume, it could continue the uptrend, targeting new highs.
- In this case, the next psychological levels to watch would be around 19100 and 19200.
2. Bearish Scenario:
- If the price fails to break the resistance and falls below the recent consolidation low around 18900, it could signal the start of a correction.
- In this scenario, the next support levels to watch would be around 18700 and 18600.
3. Sideways Movement:
- The price could continue to consolidate between 18900 and 19050, indicating indecision in the market.
- Traders might wait for a decisive breakout or breakdown from this range to determine the next significant move.
Conclusion:
The US NASDAQ 100 index is currently in a bullish trend with a consolidation phase near recent highs. A breakout above 19050 could continue the uptrend, while a breakdown below 18900 might lead to a correction. Traders should watch for volume and momentum to confirm any potential moves.
Nasdaq 100 H4 | Potential bullish bounce?The Nasdaq 100 (NAS100) is falling towards an overlap support and could potentially bounce off this level to climb higher.
Buy entry is at 18,938.13 which is an overlap support that aligns with the 23.6% Fibonacci retracement level.
Stop loss is at 18,670.00 which is a level that lies underneath a pullback support and the 38.2% Fibonacci retracement level.
Take profit is at 19,232.64 which is a level that aligns with the 61.8% Fibonacci projection level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
(USNAS100) Nvidia Hits $3 Trillion, Valuation Concerns PersistTechnical Analysis
The price has risen approximately 1.90%, reaching the final resistance level mentioned in our previous analysis, around 600 points.
To achieve another all-time high, the price must break through 19,100 and stabilize above this level to continue the bullish trend towards 19,450. Otherwise, the price will fluctuate between 19,100 and 18,940 until a decisive break occurs.
Bullish Scenario: For the bullish trend to continue, the price needs to break above 19,100, with potential targets of 19,250 and 19,450.
Bearish Scenario: Stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by closing at least a 1-hour candle, would signal a downtrend towards 18,800.
Pivot Line: 19100
Resistance Levels: 19200, 19300, 19450
Support Levels: 18940, 18820, 18710
Today's range is expected to be between the support at 18930 and the resistance at 19450.
Previous idea:
Nvidia Reaches $3 Trillion Market Cap, But Valuation Concerns Persist
Nvidia Corp., a favorite on Wall Street, achieved a significant milestone on Wednesday, surpassing a $3 trillion market capitalization for the first time and briefly exceeding Apple's valuation. However, the stock's high price has reignited debates about its true value.
What Happened: Aswath Damodaran, a professor at New York University Stern School of Business and known as Wall Street’s "Dean of Valuation," believes that Nvidia’s intrinsic value does not justify its current price tag.
USNAS100 (Breakout Line, NFP, Jobs data )Futures Trade Cautiously Ahead of Jobs Data
U.S. stock index futures showed minimal movement on Friday as investors awaited a crucial employment report. This report is expected to confirm increasing slack in the U.S. labor market, potentially providing the Federal Reserve with more flexibility to cut interest rates later this year.
Technical Analysis
the price will move between 19100 and 18940 till breaking, stability above 19100 means the NFP is good and will continue the bullish trend to get 19250 and 19450
otherwise, stability under 18940 means will drop to 18820
Bullish Scenario: For the bullish trend to continue, the price needs to break above 19,100, with potential targets of 19,250 and 19,450.
Bearish Scenario: Stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by closing at least a 1-hour candle, would signal a downtrend towards 18,800.
Pivot Line: 19100
Resistance Levels: 19200, 19300, 19450
Support Levels: 18940, 18820, 18710
Today's range is expected to be between the support at 18820 and the resistance at 19450.
previous idea:
NAS100 H4 | Bullish momentum to extend further?NAS100 could fall towards a pullback support and potentially bounce off this level to climb higher.
Buy entry is at 18,955.13 which is a pullback support.
Stop loss is at 18,670.00 which is a level that lies underneath an overlap support and the 38.2% Fibonacci retracement level.
Take profit is between 19,125.04 and 19,228.63 which is a zone that is identified by the 61.8% Fibonacci projection and the 127.2% Fibonacci extension levels.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NAS100 Is Bullish! Long!
Please, check our technical outlook for NAS100.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 18,703.48.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 18,750.36 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
NAS100 NASDAQ Technical Analysis and Trade IdeaIn this video, we delve into a concise analysis of the NAS100 (NASDAQ US100). Despite recent bullish momentum, it’s currently overextended, reaching all-time highs. Our primary objective is to pinpoint a suitable buy entry point within this critical support zone, assuming price action aligns with our analysis from the video.
As always, the video imparts valuable insights on trade entry points, trend analysis, market structure, and price action. Please bear in mind that this content is for educational purposes only and should not be construed as financial advice. 📈🚀📊
NQ - That's about it?When NVDA surpass AAPL in market cap, the clown fiesta is ready to conclude itself. The ration of $CME_MINI:NQ1!/CBOT_MINI:YM1! has far surpassed its high back in the dot com crisis, and the collapse is a matter of time.
When we have both S&P and Dow Jones underperform Nasdaq that much, and we have a crazy high concentration on mega market cap companies, it's obvious a huge pullback, or recession, is on its way.
Not only the "Mag 7", Nasdaq is solely a casino for "semiconductors". Everything else is seriously irrelevant to the index movement at all.
Thus, I believe this shall be the ultimate chapter for a crazy long bull run, and bears will be back.
NAS100: Inside dayHi 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 ✅ potentially still day 3 cycle
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 : primary, a buy low setup, back to the previous HOW, would be a really interesting opportunity to complete a two week dump and pump template. However, news till 10:30am, everything will be taken after all the MRN
Short: secondary: the inside day signal, is typically either a trend continuation or reversal, depending on how the 3 session Asia, London and NY setup. I do not exclude a reversal after major red news. Price currently on the HOW
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
USNAS100 (Bullish Possibility after correction!!!)Technical Analysis
the price reached around the resistance line and dropped to touch its support line, and again reversed so now the price is still above the support line,
Bullish Scenario: As long as the price remains above 18435, it is likely to reach 18,735 and potentially 18,820.
Bearish Scenario: A stabilization below 18435 would suggest a bearish trend, targeting 18235 and 18150.
Pivot Line: 18435
Resistance Levels: 18650, 18820, 18940
Support Levels: 18250, 18140, 17880
Today's range is expected to be between the support at 18235 and the resistance at 18940.
NAS100: First green day, three days cycleHi 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 ✅ day 3 cycle
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: primary, market potentially coiling for an explosive move back to the HOD or HOW, I will take this trade in consideration if buy 10am NYT the price action will be auctioning down low into the current LOD.
Short: secondary, is not the trade I'm interested today, but I can see a potential pump and dump starting from Friday LOW. If the market will keep breaking down for a pump and dump into the Friday CP, or market pumping back up into yesterday CP/HOD, then a sell high could also be an interesting alternative.
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
NAS100 I Sentiment remains bullish I watch for these key areasWelcome back! Let me know your thoughts in the comments!
** NAS100 Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!