Nasdaq
NASDAQ Technical buy on this 1D MA50 bounce.Nasdaq (NDX) has been trading within a Channel Up pattern since the September 06 Low and potentially has started the new Bullish Leg as on Friday it hit the 1D MA50 (red trend-line) and rebounded. The 1D MA50 has been holding since the September 12 bullish break-out.
Still, there is no confirmation yet, as the price remains below the 4H MA50 (blue trend-line). As you can see on this chart, every time the index broke above its 4H MA50, it never broke again until the next Higher High of the Channel Up, technically confirming the new Bullish Leg.
With the 4H RSI rebounding also from oversold (<30.00) territory, there are higher probabilities of this being the new Bullish Leg. If the confirmation comes, we expect at least another +9.08% rise from Friday's Low (which was the % rise of the previous Bullish Leg) to target 22500.
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Major Indexes Face Downturn: What's Coming Next?◉ S&P 500 SP:SPX
● The long-term trendline support has been breached.
● The immediate support range is identified around the 5,650 to 5,700 levels.
◉ Nasdaq Composite NASDAQ:IXIC
● The Nasdaq Composite has rebounded from its long-term trendline support, demonstrating resilience amid economic uncertainty.
◉ NYSE Composite TVC:NYA
● The NYSE Composite has found support at its trendline and may bounce back from this important level.
◉ Dow Jones Industrial Average TVC:DJI
● After a consecutive decline over ten days, the index has surpassed its trendline support and is approaching the next support zone between 41,500 and 42,800.
Overall, all indices are anticipated to recover shortly, with expectations of robust performance from major stocks.
NAS100 - Nasdaq, waiting for the final days of Santa Rally?!The index is located between EMA200 and EMA50 in the four-hour time frame and is trading in its ascending channel. If the index corrects towards the supply zone, you can look for the next Nasdaq sell positions with the appropriate risk reward. Nasdaq being in the demand zone will provide us with the conditions to buy it.
The Federal Reserve, in its latest meeting, reduced the interest rate by 25 basis points, bringing it to a range of 4.25%–4.50%. However, FOMC members now forecast the 2025 interest rate to hover around 3.9%, higher than their September projection of 3.4%.
Markets were largely surprised by the Fed’s hawkish stance, especially following Donald Trump’s victory in the U.S. presidential election. Jerome Powell, the Fed Chair, indirectly emphasized during the post-meeting press conference that policymakers are currently assessing the impact of Trump’s economic policies on inflation and growth.
This shift has unsettled investors, dampening the optimistic market sentiment that typically precedes the Christmas holiday. Concerns are rising that if the Trump administration follows through on its campaign promises regarding taxes, tariffs, and immigration, the Fed may have to reverse its rate-cutting trajectory and adopt rate hikes instead.
The outlook for 2025 has also seen adjustments. The Federal Reserve now expects only two rate cuts in 2025, compared to four cuts forecasted in September. This adjustment reflects the persistent inflation that remains above the central bank’s target range.
Following the Fed’s announcement, the S&P 500 experienced its steepest decline in 27 months, falling over 3.5%. The last time the U.S. stock index saw such a significant drop was in September 2022, during peak inflation and amid aggressive monetary tightening. Similarly, the Nasdaq dropped by 3.6%, marking its worst decline in five months.
Morgan Stanley also revised its outlook for the Fed, predicting two 25-basis-point rate cuts in 2025, instead of the previously anticipated three cuts.
On the economic front, the Conference Board Consumer Confidence Index, scheduled for release today, is likely to draw market attention. This index has risen steadily over the past two months, while one of its components—the sub-index measuring “job finding difficulty”—has declined during the same period. Given its strong correlation with the official unemployment rate, a further drop in December could signal job growth and a stronger dollar.
On Tuesday, November data for durable goods orders and new home sales will be released. Durable goods orders, which grew by 0.3% in October, are expected to decline by 0.4% month-over-month. However, investors often focus on the more specific “non-defense capital goods orders (excluding aircraft),” which tends to exhibit less volatility and is a key input for GDP calculations.
Overall, if market volatility persists during the holiday season, equities and bonds are likely to be impacted. The Fed’s hawkish tone is unfavorable for stocks, suggesting continued selling pressure as Treasury yields rise. The U.S. Treasury plans to auction two-year, five-year, and seven-year notes this week. If demand falls short of expectations, bond yields could face additional upward pressure.
Deutsche Bank, in a recent note, highlighted a significant shift in the Fed’s tone. Although the Fed reduced the interest rate by 25 basis points to a range of 4.25%–4.50%, analysts noted a more hawkish stance than expected.
One key indicator of this shift is the upward revision of the 2025 median inflation forecast to 2.5%, which Deutsche Bank described as “notable.” According to this report, the Fed does not anticipate inflation returning to its 2% target until 2027.
Furthermore, the Fed’s updated forward guidance lacked any clear indications of future rate cuts. Jerome Powell described the December rate cut as a “difficult decision,” which faced opposition from Loretta Mester, President of the Cleveland Fed.
Deutsche Bank analysts believe the Fed is unlikely to take any action during its January meeting, and the current pause could extend into a prolonged hold throughout 2025. Forecasts suggest that interest rates will remain above 4% next year, with no additional cuts anticipated.
Daily Nasdaq Insights – December 22, 2024Hello, this is Greedy All-Day.
Before the Nasdaq's movements beginning on December 23rd, let’s dive into a weekend analysis to prepare for the upcoming market conditions.
Weekly Chart Analysis
The weekly Nasdaq chart presents a rare occurrence—a bearish candlestick after a significant upward trend. Interestingly, the length of both the upper and lower wicks is quite balanced, resulting in a large Doji-like candlestick. However, a Doji candlestick doesn’t necessarily signal a trend reversal to the downside.
Why?
The Ichimoku Cloud's Lagging Span remains above the candlesticks. Unless we see significant bearish momentum, the Lagging Span is likely to find support from the candlesticks below.
The price is still holding above the 20-week moving average, which currently sits at 20,503.
A bearish move into the Ichimoku Cloud would require the price to drop further to 19,383 to fully enter the cloud zone.
In conclusion, the weekly chart suggests that the uptrend is still intact. Despite closing the week with a bearish candle, it followed a recent all-time high. This could indicate a temporary pause rather than a definitive reversal, keeping the potential for further upward movement on the table.
Daily Chart Analysis
Examining the daily chart, the Lagging Span still remains above the candlesticks, reinforcing that a trend reversal is not yet confirmed.
Additionally, the long-term upward trendline remains intact. For a decisive breakdown to occur:
The price would need to break below the thick Ichimoku Cloud (zone between 20,775 and 19,880).
A definitive trendline breach would likely occur if the price falls below 19,560, which would signal a clear shift in momentum.
At this stage, the daily chart reflects resilience within the broader uptrend despite recent pullbacks.
1-Hour Chart Analysis
The 1-hour chart reveals why Nasdaq's current direction is ambiguous.
Resistance Zone (Orange Box): This is the final key resistance trendline. A breakout above this level would provide a clear buy signal, as the price would enter the red box supply zone.
If this resistance is overcome, Nasdaq has a high probability of testing the red box’s upper boundary near 22,432, potentially forming a double top or even reaching a new all-time high.
Friday's session did see a rebound, but:
While the yellow box resistance was broken, the price failed to hold support near the session close, which casts doubt on the strength of the rebound.
To confirm further upside momentum, the price needs to break above the blue box resistance near 21,935.
Without reclaiming this level, the strong bearish candlestick from Friday’s session raises skepticism about whether this was a genuine reversal or merely a temporary relief rally.
Final Thoughts
Historically, markets have often rallied during the holiday season, but this year appears to present more complex conditions. Instead of trying to predict the market, focus on reacting to key levels and signals.
I will continue to provide detailed and actionable analysis to assist you in navigating these challenging markets. Stay prepared and trade wisely!
$SPCE - up or down?In my view NYSE:SPCE stopped a current phase of falling down and forming the plato, which will be a fundament for the next steps. We will be observing a huge profitable company for patient investors during the next years. In my point of view, as well, that it can bring till the x100 in the ending of the growth phase.
Goal for the end of 2024 is 4-4.5.
Does not constitute a recommendation.
#furoreggs #investing #stocks #shares #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view.
NASDAQ: Dancing on the Edge of a Techno-Financial TightropeMarket Overview
The NASDAQ-100 (NDX) has recently corrected by approximately 5.5% from its all-time high of 22,133 on December 16, 2024. This comes after a historic rally driven by resilient megacap technology stocks, robust earnings, and the continued dominance of AI-led innovation.
Despite the correction, the index remains up 18% year-to-date, outpacing broader indices like the S&P 500, fueled by optimism around productivity-enhancing technologies. However, macroeconomic and geopolitical headwinds could temper this growth into 2025.
Technical Analysis
Trendlines
Short-Term: The NDX remains in a rising trend channel since March 2023, with the lower boundary around 20,500 acting as critical support. A recent breach of its 21-day moving average suggests growing bearish momentum.
Long-Term: The index's long-term trendline, extending from the pandemic lows in 2020, remains intact, underscoring investor confidence in the broader tech narrative.
Key Levels
Support
Immediate support: 20,790 (50-day moving average).
Strong support: 20,500 (trendline and Fibonacci retracement zone).
Resistance
Near-term resistance: 21,900 (upper boundary of rising wedge).
Critical resistance: 22,133 (all-time high).
Momentum Indicators
RSI: Declining from overbought territory (currently at 64), signaling potential for further downside before resetting to neutral.
MACD: A bearish crossover suggests weakening momentum in the near term.
Macroeconomic Context
Interest Rates
The Federal Reserve has maintained its hawkish stance, with the terminal rate hovering around 5.75%. While inflation has moderated to 2.4%, core inflation remains sticky at 2.8%, keeping rate cuts off the table until mid-2025.
Elevated borrowing costs could weigh on tech valuations, particularly for growth companies reliant on cheap capital.
Economic Growth
U.S. GDP growth is forecasted to decelerate from 2.6% in 2024 to 1.8% in 2025, reflecting weaker consumer spending and tighter financial conditions. This slowdown could dampen earnings growth across the NASDAQ-100 constituents.
Corporate Earnings
Analysts expect NDX earnings growth of 8% in 2025, down from the blistering 14% in 2024, as cost pressures and a plateauing of AI-related tailwinds take hold.
Geopolitical Landscape
China-U.S. Relations
Increasing tensions over Taiwan and heightened scrutiny of U.S. tech exports to China remain a wildcard. Any escalation could disrupt semiconductor supply chains and impact heavyweights like Nvidia and AMD.
Europe
Persistent instability in Eastern Europe and ongoing energy challenges pose risks to multinational tech firms with significant operations or customers in the region.
Middle East
Geopolitical uncertainty stemming from conflicts in the Middle East has kept oil prices elevated (~$95/barrel). Higher energy costs could indirectly affect tech earnings by squeezing consumer and corporate budgets.
2025 Outlook
Base Case
The NASDAQ-100 ends 2025 up 8–12%, driven by resilient demand for cloud computing, generative AI, and green technology innovations. Support from stable core earnings growth and moderating inflation provides a favorable backdrop.
Bear Case
Prolonged high interest rates, coupled with weaker-than-expected global growth, lead to a flat or mildly negative year. Key risks include geopolitical flare-ups, regulatory actions on Big Tech, and waning investor enthusiasm for speculative assets.
Bull Case
A dovish pivot by the Federal Reserve in H2 2025, alongside breakthrough advancements in AI or biotechnology, propels the index to new highs (~24,000).
Conclusion
The NASDAQ-100 is entering 2025 with a cautiously optimistic outlook, balanced between robust technological trends and mounting macro/geopolitical risks. Investors should monitor key support at 20,500 and resistance at 21,900 as barometers of sentiment. While near-term volatility is likely, the index remains a cornerstone for long-term growth portfolios.
For 2025, the focus is on being smart: diligent monitoring, disciplined allocations, and adapting to shifting conditions.
"There are three ways to make a living in this business: be first, be smarter, or cheat." – John Tuld – Margin Call (2011)
Nasdaq Intraday Review - Thursday 19 Dec 2024I trade Nasdaq exclusively
Trading in GMT time zone
Sharing my post day review and analysis in case it can help you!
Did my analysis at +- 5:30 am GMT (00:30 am EST)
Economic news - None - FOMC on Wednesday night
News - None
Directional bias - BUY
Note: Did not trade FOMC on Wednesday, because generally I don’t like to trade news. For me, it’s more of a gamble than a situation where I can stack the probabilities in my favour.
Morning analysis:
FOMC reaction was huge, with price plummeting through the floor.
4H and Daily fib levels were all smashed. The last remaining fib level in the morning was the W 0.618 fib level.
A huge DT had formed on the D TF (marked in green lines). D neckline was broken down and price had travelled to the profit target zone (as marked by the green vertical line).
Price had touched the W 0.618 fib level and moved back up, showing a strong reaction to this last line of defence for the bulls.
In this case, because price had reached profit target, I was looking for a buy.
If price had not yet reached profit target, I would have been cautious with a buy because I have noted how respectful Nasdaq can be of profit targets.
It is normally the case that price would re-test the neckline of the market pattern just broken, once price has reached profit target, so I felt confident with a buy.
As the morning progressed a falling wedge pattern started forming (marked with blue lines). These usually break upwards, but can break either direction.
Price broke the pattern upwards and I entered at the lower hand icon.
Confirmations:
1. Market pattern - Two market patterns where at play here. A falling wedge broken upwards + DB on the 1H TF with the neckline (drawn in orange) broken upwards.
2. S&R - Market patterns where forming at a weekly S&R area.
3. Trend - Buy is in the same direction as the overall market trend. DB was forming right at the uptrend line area on the bigger timeframes (marked with the diagonal red line). Temporary downtrend line of falling wedge broken upwards
4. Fib - Long wick candle spike down to W 0.618 fib level
5. Candlesticks - Long wick candle showing a strong reaction to the W 0.618 fib level.
Mental stop was placed at the thick pink line, i.e. half of the height of the DB.
Price moved up well.
Now for setting TP's.
Setting take profit in these situations is difficult. Usually, I would use the fib level that I entered on, to provide guidance as to TP1 and TP2 (fib extensions).
But in this case, we are not in a trending market and aiming for the Weekly TP (because that is the fib level at play here) is too ambitious.
The highlighted green areas are very strong sell areas of confluence. I set these two areas as potential take profit zones.
Depending how strong bulls are, they may push all the way to the D neckline and push through, or they may just touch an EMA or sell fib level and price reverses downwards.
I have left a lot of money on the table in these scenarios before, by just assuming bulls will break the D neckline back upwards. So was determined today to learn from my past mistakes.
I ended up taking partial profit at +- 1000 pips, because I didnt like the strong reaction to the 30min EMA. With Nas, if price is VERY bullish or bearish, then price will react to the 30 EMA. So the fact that bears were so prominent at the 30 EMA, made me want to lock in some profits.
Price continued to move up and had a strong reaction to the D EMA (where it was at that time in history). Price had not even reached the area of sell confluence marked in green, and we were seeing a strong bearish push. Decided to take profit again at the top hand icon (+- 1'700 pips) and leave a runner open.
Runner got taken out at entry when price came tumbling down.
I am happy with my take profit decisions. This was the first time that I capitalised correctly on the move I was looking for.
I feel this proves the value of screen time and really trying to make sense of how price is reacting in various situations.
You may feel no progress at first, but in the long run, you will slowly start handling situations better and better.
Looks now like the market has turned bearish.
Weekly EMA and fist W fib level are very far down. Uptrend line on high TF's is also broken.
The buy wont just happen in a heart beat (in my opinion). Price will first start consolidating as bulls build strength and momentum and make a reversal pattern on the higher TF's before truly making a big move up.
Hope you had a good day! If you were in with a sell on FOMC, its caviar and champagne for the holiday season! ;)
Stats:
The total bullish move for the day was 2'572 pips:
I captured 66% (1'700pips) of the total move - Happy with that!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NASDAQ Is Close To The Main Trend And Support!Hey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20,500 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 20500 support and resistance area.
Trade safe, Joe.
NQ - Nasdaq? Read Tomorrows Wallstreet JournalIt hasn’t made any sense for a long time now how the markets keep climbing.
Manipulation? Self-perpetuation?
Honestly, who cares why. As the saying goes:
“The dwarves dug too deep. And what they unearthed was their doom.”
Or, in another version:
“The greedy vultures flew too high, and all they found was gravity.”
In the chart, we see two pitchforks:
The orange one highlights the actual overextension.
The white one represents the moderated version.
Interpreting this image is simple if you have a rulebook you can trust—and a few decades of market experience under your belt. §8-)
1. **The price turns at the orange centerline.**
This means the market is in "balance"—in the context of the overextension.
Or…
2. **Put differently:** In the context of the white pitchfork, the market overshot the upper median line parallel. This was an overextension by a factor of 2.
**What do we do with this?**
We stick to the rulebook for median lines.
The rulebook says that when the price trades above the U-MLH (upper median line parallel), fails to hold, and drops back into the fork, the market will fall to the next line.
- **Orange fork:** Down to the L-MLH (lower median line parallel).
- **White fork:** Down to the centerline.
Beyond that, I **think/guess/predict/read-tea-leaves** that the market will fall much deeper in 2025.
Please note the distinction here:
- The first statement is the projection—the interpretation of the chart.
- The latter is a speculation (no crystal ball involved).
For me, it’s clear: medium-term **short** with multiple price targets.
NASDAQFed's Hawkish Stance Sparks Fears ofSustained 4%Rate FloorMarkets Fear Fed's 4% Floor as Dollar Surges
While the Federal Reserve's "hawkish cut" on Thursday was widely anticipated, markets are now concerned that the 4% policy rate will act as a floor for the coming year, with no further easing expected until midyear or later.
Technical Analysis
The price dropped approximately 4.5% yesterday ahead of the Fed's rate decision. Today, the market corrected to the resistance level of 21,420, after which it is likely to drop back toward 21,215, particularly if it stabilizes below 21,420.
Stability below 21,420 will maintain a bearish trend, targeting 21,280 and 21,215.
A break below 21,215, confirmed by a 4-hour candle close, could push the price further down toward 20,990.
Key Levels
Pivot Point: 21420
Resistance Levels: 21530, 21620, 21770
Support Levels: 21290, 21215, 20990
Trend Outlook
Bearish Momentum: Likely to persist with stability below 21,420.
Bullish Momentum: Possible if stability above 21,420 is achieved.
Nasdaq 100: Make-or-Break Trendline SupportChart Analysis:
The US 100 Index has pulled back from recent highs but remains above its rising trendline (black), maintaining the broader bullish structure.
1️⃣ Rising Trendline:
The trendline, originating from the August lows, has been a key dynamic support for the index. Price is currently testing this level around 21,150, making it a critical area to watch.
2️⃣ Moving Averages:
50-day SMA (blue): The index remains above the 50-day SMA at 20,818, confirming short-term bullish momentum.
200-day SMA (red): Positioned at 19,438, reflecting a long-term bullish trend.
3️⃣ Momentum Indicators:
RSI: At 51.88, signaling neutral momentum, giving room for the index to either bounce or consolidate further.
MACD: The MACD line has turned downward, suggesting weakening bullish momentum but no decisive bearish crossover yet.
What to Watch:
A bounce from the trendline could signal a continuation of the uptrend, with immediate resistance near the recent highs around 21,600.
A break below the trendline may shift attention to the 50-day SMA or the 20,800 level for potential support.
The US 100 Index remains within a broader bullish structure, with the rising trendline acting as a critical support level for near-term price action.
-MW
NAS100 H4 | Potential bearish reversalNAS100 is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 21,404.67 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 21,660.00 which is a level that sits above the 50.0% Fibonacci retracement level and an overlap resistance.
Take profit is at 20,949.82 which is a pullback support that aligns close to the 61.8% Fibonacci retracement level.
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The key is whether it can be supported in the support zone
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(NAS100USD 1D chart)
Support zone
1st: Left Fibonacci ratio 2.24 (21039.7) ~ 21348.0
2nd: 19582.6
However, when the M-Signal indicator on the 1W chart is touched, whether it is supported or not is important.
The next volatility period is expected to be around December 26th.
If it is maintained above the M-Signal indicator on the 1M chart, it is expected to eventually rise to the left Fibonacci ratio 2.618 (23557.7) ~ right Fibonacci ratio 1.27 (23962.1) and re-determine the trend.
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Thank you for reading to the end.
I hope you have a successful trade.
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