Nasdaq Thoughts 03-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!
Nasdaq100
USNAS100 / Already dropped and still, or enough...Nasdaq Technical Analysis
The Nasdaq price has stabilized below the pivot line at 19,535, signaling a bearish trend, particularly given the significant bearish volume below this level.
As long as the price remains under 19,535 and 19685, it will likely continue declining, potentially reaching 19370 and 19185.
However, a break above 19685, followed by 19820 and 19975.
Key Levels:
Pivot Line: 19535
Resistance Levels: 19625, 19972, 20100
Support Levels: 19290, 19185, 18940
Expected Trading Range for Today: 19685 to 19185
Trend: Bearish, as long as the price remains below 19535.
NAS100 - End Of August - Are you not satisfied???Hello Traders.
Come on guys, interact with the post if you seeing how accurate this is !
Notes for today
Price tapped into our zone i mentioned in the previous post, 19,666 was to far but but 19,630 was my entry.
Price was kind enough to come back to this point again today before NY killzone time.
If you followed me from Monday, i mentioned we will see lower prices possibly up to 19,120. So far so good.
If you caught it, you would be + 300 ticks minimum.
For today, i am done. Will relook at the charts tomorrow.
Trade safe 👌
Nasdaq 100 Consolidates Ahead of Nvidia ReportNasdaq 100 Consolidates Ahead of Nvidia Report
Today, after the main trading session ends, Nvidia (NVDA) – the second-largest company by market capitalisation and the leader of 2024 amid the AI boom – will release its second-quarter earnings report.
It’s reasonable to assume that market participants are anticipating this event, which will likely trigger a surge in market volatility:
→ Nvidia shares (NVDA) have been fluctuating within the $123.50 – $131.00 range since 19 August;
→ Signs of anticipation are also evident on the technology index chart.
A technical analysis of the Nasdaq 100 chart (US Tech 100 mini on FXOpen) shows that:
→ Starting from the 3-month low formed on 5 August, the recovery has created an ascending channel (shown in blue) – with the price in the upper half of the channel, indicating steady demand.
→ However, as the NVDA earnings report approaches, the price has retreated from the upper boundary and dropped towards the median (as indicated by the red lines). This could suggest a Bullish Flag pattern (a pattern of intermediate correction within an uptrend).
→ A concerning factor is that the growth rate slowed after the price surpassed the 1 August high. The psychological level of 20,000 points could also be acting as a barrier to further growth within the blue channel.
In the event of a strong Nvidia (NVDA) report, the Nasdaq 100 index price (US Tech 100 mini on FXOpen) could break out of the Bullish Flag and continue its upward movement within the ascending channel. However, if the company disappoints, the price could drop to the lower boundary of the channel or even attempt a bearish breakout.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ thoughts 28-Aug-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price action trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nas100 - End of August Update Hello Traders 🌍
So far so good, as mentioned yesterday. We making lower moves, ultimately i would like to see price move to 19,120 by the end of this week.
Notes
- Price left Friday's high + PWH intact
- Created bearish displacement during NY am session
- Total move plus 250 ticks from London
- 4hr Gap zone showing good price reaction
- Possible US tech selloff
today i am anticipating a move lower, however will sit on my hands until we between 19,630 and 19,666 for OTE, if all works out well.
Remember this is subjective price will tell us around 2:45am to 05:00am where it might want to go.
Trade safe 👌
The NASDAQ index is gearing up for new high. H4 20.08.2024The NASDAQ index is gearing up for new high
NASDAQ index made a major segment overlap up and the question is if they are going to give a pullback before continuing the growth. Along the way they formed 2 important buy zones, but there is no culmination at the top. I expect a pullback down to the zones and then buying. Most likely we will push from the nearest zone 18920-19200 and then rise to test the high near 21000. Also, just in case I have specified the far zone of buyers 18400-18670, but it is unlikely that we will reach there.
QQQ Nasdaq 100 ETF PredictionIf you haven`t bought the last dip on QQQ:
Historically, the QQQ Nasdaq 100 ETF has demonstrated a consistent pattern where a Relative Strength Index (RSI) at or below 30 triggers buying activity.
This technical indicator, typically viewed as signaling an oversold condition, has reliably attracted investors looking to capitalize on perceived undervaluation.
As a result, these dips have been quickly bought up, suggesting a strong market tendency to rebound from such low RSI levels.
I expect the recovery to be V-shaped or W-shaped, ending the year higher.
AAPLE VS NASDAQ. THE FRUITY COMPANY AHEAD OF EARNINGS CALLConsumer tech manufacturer Apple (AAPL) is due to report earnings next Thursday, February 1. Notably, waning iPhone demand out of China has worried investors as Apple had a rocky 2024 start, dealing with several stock downgrades.
Some of analysts slowed down its expectations for Apple and the biggest tailwinds and risks for its various devices.
"As far as those businesses are concerned, the only one that will probably show growth is Mac because some of the new products that they rolled out and easy comps from a year ago, you will probably see some sharp declines specifically on the iPad side of things...," they note.
The main graph is a ratio, between Apple stocks price NASDAQ:AAPL and overall NASDAQ:NDX Nasdaq-100 Big Tech index.
It's been a while since Buffett put the money into Fruity Company in Q2'16, and since that Apple stock outperformed the whole index, appr. by 150 percent over the next 6 years.
By the way, Apple stocks as well as Nasdaq-100 index hit the bottom, in early Q4'22 and since that, Apple underperforms the whole Big Tech Index, totally.
Basically NASDAQ:AAPL losses against NASDAQ:NDX further, over the past 12-15 months later they both hit the bottom. In this time the major break down happens in massive reversed Head-and-Shoulders ctructure, just ahead of Q4'23 Earnings call.
This is the bottom line, I'm avoid the Fruity Company ahead of Earnings Call.
Happy trading to everyone. See y'all later.
$NQ1! Nasdaq100 Futures - 61,8% Retracement level reachedNasdaq100 e-mini has reached a retracement level of 61,8% from it's all time high. Between 50%-61,8% we call the ambush zone, because this is a popular zone for buyers to become fatigued and sellers to move in.
This is an area of interest and I will watch this zone very carefully for buyer weakness in coming days for a possible short position.
PS. This short position would be taken to hedge my current long positions.
US100 0.25% ,US500 +0.26% MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at NAS 100 & S&P500 from HTF - MULTI TIME-FRAME ANALYSIS
NAS100 DAILY TF
* Thursday saw strong bullish momentum coming into play, with Fri cont.of this move.
* The weekly & daily TF show we are still trading in BULLISH conditions on the NAS100.
* NAS100 took internal range LQ, looking for that external range LQ to be taken.
* We are trading in discount looking for a bullish continuation long term on Nasdaq.
* With PO3 looking to open bearish this week to confirm a move higher to ERL.
NAS 100 4H TF
* Looking for the week to open Bearish into the 4h FVG + OB because our HTF BIAS (PO3) on D & W .
* WEEK open I will probably be looking for short positions OPPORTUNITIES.
* We will see what does the market dish.
* On the 4 hourly ERL > IRL.
S&P500 4H TF
USOIL 1H TF
* We saw a rally with the bulls, strong momentum to the upside.
* The is a 1H FVG, this is where i would look for short entries this week.
* Should this PD ARRAY hold will be short for the NASDAQ
* BASED on the price action served this week.
S&P 500 1H TF
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
Nasdaq Thoughts 12-Aug-2024Good morning all, Kindly 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.
Nasdaq Thoughts 09-Aug-2024Please 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.
What's going on with QQQ and Tech?Here is what I have been tracking with my technical analysis. What we saw since the end of July is the AI bubble losing its momentum.
What happened?
You can see on June 24th where price gaps up above the long-standing blue trading channel from 2009 that contained trading from 2009 until the 2020 bubble.
You can see it gap down back into the blue channel on July 24th.
It found some support on the mid-line of the longer running black channel from 2009 that includes the covid bubble peak.
Then we got a test of the blue channel resistance on August 1st with a very strong rejection.
Then the bottom dropped out to break below the AI rally purple channel.
Where are we now?
The morning open on Monday saw a test of the red trend line with a strong rally to back above the 200.
We saw a test of the previous purple channel with a high wick on Tuesday.
Today (Wednesday) saw a strong rejection of the channel, where it looks like support has now become resistance. We saw the high wick touch the orange price line around $449. The good news is that the 200-day SMA is showing support again.
Where are we going (this is my guess)?
It looks like the market is trapped between a rock and a hard place. I think the 200 day and the red trend line are going to give QQQ support as long as there are no other panics.
It is unlikely that the AI momentum will be coming back either.
I think it is going to drift sideways for a few days before picking a direction. This means it may bounce up and down between the purple channel and the 200-day into next week. You can see the red down channel that has now formed.
If we do get a counter rally then I would expect it to stay inside the channel. That would leave us with a potential another leg down. The RSI is only a little into the oversold range. How far? My guess would be either the red trend line again, or maybe even farther to the center of the blue channel. We get down that low, then I have a bunch of cash to go long.
I just can't see why QQQ would rally back to ATH now. There is way too much uncertainty now, but markets are irrational. I could see QQQ working back up the underside of the purple channel until the end of the year, with a lot of up and down action.
I really do think that there is a bigger pullback sometime in the next several months. The market is just running close to the top of the decade plus trading channel and the AI bubble may finally become deflating some. I believe that we will see a touch of the center line of the blue channel in the next few months, which could be Nov or Dec time frame. That will give us a lot more room to rally and make some good money.