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Nasdaq100

Nasdaq Intraday Review - Monday 11 Feb 2024 I 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 +- 5:20am During analysis noted the following: Large DT formed on the 4H (marked with black lines) Sellers fib (drawn from swing high at D. to swing low at E.) indcated that price retraced to Sellers 0,382 fib level + pivot (at C.) and price now moving down Price consolidating above a very strong D support level (marked in grey zone highlight), with D EMA in the area - would need strong bearish push to break this support zone 2 x long wick candles on 4H TF touching this support zone, indicating that there is buying power at this zone. Would like to see a nice DB with neckline break before entering a buy Entered a buy at A. - Confirmations: Market Patterns: Break of the neckline of a DB formed on the 1H TF S&R / EMA: DB formed at strong Day support zone with D EMA in the area, providing dynamic support Fib: DB formed just above the W 0,382 fib level Trend: Entering a buy means trading in the same direction as the overall bullish trend - The trend is your friend Candlesticks: 2 x 4H long wick candles rejecting the strong Day support zone Mental stop place halfway down the height of the market pattern. Market moved down with momentum and I closed this position at stop loss Re-entered a buy at B. based on similar confirmations. The two long wick candles on the 1H TF (one in red and one just at B.) indicated to me that bulls were stepping in at the D support zone. Ultimately, market came down again and I closed this position also in a loss. Total pips loss for the day was 1900, because in the second entry I wanted to make sure that bulls would not step in again. After this loss, I decided to stay out for the rest of the day! What could I have done differently? I think that seeing that market retraced to seller's 0,382 fib + moving down, should have been a strong indication to me that a sell was in play, possible till Seller’s TP1. I should have waited for the extra confirmation of a neckline re-test before entering. Hope you had a better day than me! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84
A Weak Dollar Is the Driver of Price Records for NASDAQ-100A Weak Dollar Is the Driver of Price Records for NASDAQ-100, BTC/USD, XAU/USD Financial market participants expect an easing of the Fed's monetary policy. The prospect of lower rates puts pressure on the value of the dollar, which in turn pushes up dollar-denominated assets. This contributed to the setting of record highs: → The price of BTC/USD exceeded 70k dollars per bitcoin → The price of XAU/USD exceeded USD 2,200 per ounce of gold → The NASDAQ-100 index reached 18,400 points. But are markets too optimistic? Let's see what the technical analysis of the NASDAQ-100 chart shows today: → The price is in an uptrend (shown in blue), which has been in effect since the beginning of the year. The price is in the upper half, which may indicate the strength of demand. → Top C only slightly exceeded the level of the previous top A. It is not surprising that a bearish divergence has formed on the oscillators — Awesome Osc among them. Buyers who entered long positions at the breakout of top A found themselves in a trap. Sellers who held stops above A lost their positions. Pay attention to the nature of the NASDAQ-100 price movement from tops to local lows A→B and C→D. Each time, the bears were able to quickly lower the price as soon as it exceeded the 18.333 level. This indicates that sellers are active — perhaps they are taking profits after the rally since the beginning of the year. One way or another, the level of 18.333 looks like an important resistance. So far, the price of NASDAQ-100 is at support from the median line of the channel, but it is possible, given the signs of exhaustion of demand and the activity of sellers, that the price may fall to its lower border, forming a correction. This may happen under the influence of news — today, be prepared, at 15:30 GMT+3 data on inflation in the United States will be published. 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.
FXOPEN:NDQM
by FXOpen
2
Nasdaq February Monthly ReviewNasdaq - Feb Month Analysis I trade Nasdaq exclusively Trading in GMT time zone Sharing my post February review and analysis in case it can help you! Looking back at February, I want to review if I took the best trades for the month. The Day TF provides me with the strongest confirmations and the most profitable trades. This timeframe provides me with my bread and butter each month, so I need to make sure that I am taking these trades and getting the most out of them. Have a look at what I believe where the best trades for February and see how many you took. If you didn’t take a trade, try to understand why you missed it. This way you will increase your chances of getting into these trades in the future. For Feb, there were 4 trades to be taken - trades marked in numbers on the chart. Of course, there were many other profitable trades in Feb....but these are my "bread and butter" trades. Tomorrow I will share a very detailed analysis on entry points + confirmations + SL + TP expectations. See if you can come to your own conclusion on these 4 trades and then tomorrow we compare notes :)
PEPPERSTONE:NAS100
by Jinxx84
APPLE $AAPL - Feb. 23rd, 2024APPLE NASDAQ:AAPL - Feb. 23rd, 2024 BUY/LONG ZONE (GREEN): $187.15 - $196.20 (can be extended to 185.00) DO NOT TRADE/DNT ZONE (WHITE): $181.50 - $187.15 (can be shortened to 185.00) SELL/SHORT ZONE (RED): $175.40 - $181.50 Weekly: DNT Daily: DNT, Lean Bearish 4H: Bearish Currently would not enter in Apple, NASDAQ:AAPL , as I believe the current zone is untradeable, but something I would be looking for in the next week or so. Bulls could enter around 187.15, but an earlier entry might be above the current daily candle (also the current 4h structural high) around 185.00 or at the top of the bearish zone at 181.50. I did draw a bearish zone although I personally would not be looking to go short. The daily timeframe is lean bearish because the most recent level break was to the downside, weekly would need to see a new low (lower than the most recent two weeks) or a close below level 181.50 to be switched to bearish. 4H has strong bearish structure despite seeing two green days out of the last three. This is what I would personally look at before entering trades, everything is subject to change on a daily basis and as I analyze different timeframes and ideas. ENTERTAINMENT PURPOSES ONLY, NOT FINANCIAL ADVICE!
NASDAQ:AAPL
by TonyAiello
Nasdaq Intraday Review - Thursday 7 Mar 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:20am GMT From my previous post you will know that I had a buy position at D. running. As the morning progressed, market came down and the long wick at E. took out my D. position because I had secured at entry. Waiting to see price action, I entered a buy at C. - Confirmations: Fib: DB formed on the 1H TF (not marked on the graph but clear to see on the 1H TF at E.) at the 4H 0,618 fib level + Week 0,382 fib level Market pattern: DB formed on 1H TF and neckline broken Candle sticks: Long wick bullish candle on 1H TF (at E.) + strong bullish momentum candle to break the neckline S&R + EMAs: DB formed at strong Day support level + D EMA providing dynamic support roughly in this area too Trend line: None specifically but position is in the same direction as the overall trend (bullish in this case) - the trend is your friend SL: Placed roughly halfway into the height of the market pattern, marked by the thick purple line Tp's were determine using the fib drawn on the 4H TF (swing low = A. and swing high at the time was B. - se A. and B. on 1H TF and ignore on 4H TF on graph) TP1 - 18240 TP 2 – 18360 Market moved well in my favor, ultimately creating a DB on the 4H TF (marked in black lines) with a neckline break and so interesting that the profit target (i.e. the same distance as the height of the market pattern) lined up perfectly with TP 1 On the 1H TF, price broke through the temporary down trend blue line at F and then a small red candle to re-test, before moving up again. Took partial profit at TP1 and Finally closed my full position right up close to TP2 when a double top formed on the 15min TF. Ultimately market moved 3586 pips from my C. position and I closed out at 3300 pips. It was a goooooooooooood day! :) What could I have done differently? Entered a much MUCH bigger position! Haha! Hope you caught this buy! Good luck for NFP trading - think I will stay out today. TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84
GITLAB: Elliott Waves and Reversals potentialGreetings, fellow investors! In this technical analysis, we explore the Elliott Wave patterns shaping the landscape of GitLab (NASDAQ: GITLAB). As of the current evaluation, the stock is positioned at a critical juncture, poised for the completion of wave 4, with a nuanced focus on the unfolding wave ((c)). Wave 4 Overview: Having traversed through waves 1, 2, and 3, GitLab now stands on the verge of concluding wave 4. This corrective phase sees the completion of both wave ((a)) and ((b)), entering the final leg of wave ((c)). Within this intricate phase, wave (i), (ii), (iii), and (iv) have successfully played out, setting the stage for the imminent completion of wave (v) within ((c)). Key Support Levels: Equality Extension: After achieving the equality of wave ((a)), GitLab has approached the extremes, reaching 1.618% of wave ((a)) in wave ((c)). EMA Confluence: Notably, the 55-56 zones present a significant confluence, housing both the EMA 50 on the weekly timeframe, along with the EMA 200 & 100 on the daily timeframe. Internal Wave Counts: Further reinforcing this critical level, internal wave counts align, adding weight to the potential reversal zone. Anticipated Reversal and Targets: With the confluence of technical factors at the 55-56 zones, there's a compelling case for a bullish reversal. A reversal from this level could offer a promising swing buy trade, signaling a northward trajectory to complete wave 5. This anticipated wave 5 has the potential to surpass the high of wave 3, pegged at 78+ levels. Invalidation and Risk Management: To safeguard against potential downside risks, a close below 55 is established as the invalidation level. This serves as a prudent measure to reevaluate the analysis in case of unexpected market movements. Wave 5 Insights: Wave 5, known for its impulse and directional strength, often exhibits a final burst of buying or selling pressure. Traders should be vigilant for signs of divergence, volume spikes, or other confirmatory signals as wave 5 unfolds, enhancing decision-making precision. Remember, the market is dynamic, and risk management is paramount. This analysis is not financial advice but aims to provide an educational perspective on GitLab's potential future movements. Happy Learnings! I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:GTLBLong
by RK_Chaarts
Nasdaq Intraday Review - Wednesday 6 March 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:20am On 5 March I entered buy positions at C. Refer to that post for confirmations Market moved up, breaking the 1H neckline and retesting the neckline at E. Bulls pushed through all obstacles (i.e. various EMA's and pivot point) Ultimately though, bears stepped in on sellers 0,618 fib level (at D.) and pushed down heavily Bulls were unable to close above the 4H EMA - meaning that the 4H EMA will be a strong resistance on 7 March. A large double top formed with neckline and profit target (height of the market pattern) marked in black lines Bears broke the neckline down, with a neckline retest at F. and market pushed down further. Ultimately market moved 2594 pips from my entry and I closed half my position in the region of F. (1344 pips) Reason for closing at F. = bearish market pattern with neckline break The remaining half of my position will be left running and hope that NFP will buy tomorrow, otherwise I will be taken out at entry. I suspect that market may be weird today as we approach NFP tomorrow. What could I have done differently? No very happy with the pips I grabbed. I feel I should have closed out more pips since market moved so high. Looking at the 30min chart, there is a clear DT (at D.) and I should have taken profit at break of this neckline This would have meant I would have secured 630 pips more Bulls were so strong throughout the day and I was hoping that buyers would step in again at the 1H EMA. But a double top on the 30min TF at a seller's 0.618 fib level cannot be ignored! Happy Trading! :) TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review - Tuesday 5 March 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:20am During analysis noted the following: So following on from Monday's analysis, I had identified the yellow highlighted area as my "Zone 2" area of interest This was a strong area of confluence because: It was the 4H 0,618 fib level (drawn from swing low at A to swing high at B) + Day 0,382 fib level + 4H EMA (position during the morning roughly marked in green) I entered a pretty big buy at C. and set my stop loss really low at the orange thick line. Ultimately I watched my position tank and took a big loss. This scenario has caught me out many times before. I know that before entering at a fib level, one should wait for price action to confirm the reversal. If you look at the price action at C. level, there is clearly no price action indicating a reversal. But if you trade Nasdaq and you know this index well, you will know that Nasdaq very often does not give price action confirmation on the bigger timeframes (15min and above) You see it all the time how Nasdaq will dip down touch an area and the spike back up, leaving a loooooong wick candle of a hundreds of pips. Some of my most profitable trades have been entering at these levels without price action confirmation. But like yesterday, it can also bite me in the behind. I still haven't figured this out yet. Maybe there is confirmation on a lower timeframe? If you know what I mean and have an antidote, please let me know! ;) My next area of interest was the green highlighted zone. This represented an area of confluence because: The D EMA was at this level This was also the Week 0,50 fib level This time I did wait for price action confirmation :) And in typical Nasdaq style, it only gave it to me way above my area i.e. 600 pips above where I would've wanted to enter (see what I mean). So I entered at D. - Confirmations: Market Pattern - a DB had formed on the 15min TF with a break of the neckline Candlesticks - neckline break with strong momentum candle Fib - W 0,50 fib level and market moving up S&R - Dynamic support from the D EMA Market moved up and I have secured my positions at entry, so trading risk free today. I hope market moves well today. Lots of news so could be choppy! What could I have done differently? Still trying to figure it out, but on the surface, I don’t think I could have done anything different other than cutting my losses sooner. As said, this strategy often pays off for me. All the best! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq - Now Is The TimeHello Traders, welcome to today's analysis of Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in an obvious rising channel formation and retested the lower support the last time in 2023. This retest was followed by an expected 65% pump. Considering that Nasdaq is now retesting resistance as mentioned in the analysis, I do expect a short term pullback to retest the next support level below current market price. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
TVC:NDQ
by basictradingtv
9
NASDAQ Hits Record Highs:A Short-Term Correction on the Horizon?Last week witnessed the Nasdaq soaring to new heights, surging to an all-time high of 18,346 during the European session. However, amidst this bullish fervor, indications of a possible retracement loom on the horizon. As the Nasdaq index ventures into overbought territory, as evidenced by the Relative Strength Index (RSI), investors are cautiously eyeing a potential reversal. With the RSI signaling overbought conditions, market sentiment suggests a corrective move, with the 18,000 level emerging as a plausible target for price adjustment before contemplating further bullish momentum. In the realm of economic events, this week's agenda is marked by significant announcements. Today, investors eagerly await the release of the Sentix Investor Confidence data for March, which could offer insights into market sentiment and future investment outlooks. Looking ahead, all eyes turn to Federal Reserve Chairman Jerome Powell's semi-annual monetary policy report and congressional testimony scheduled for Wednesday and Thursday. Powell's remarks are anticipated to provide clarity on the Fed's stance regarding interest rates and monetary policy measures, potentially influencing market sentiment and investor behavior. Simultaneously, Thursday brings forth the highly anticipated monetary policy decisions from the European Central Bank (ECB). The ECB's announcement will shed light on its policy outlook and potential measures to address economic challenges, offering valuable cues for market participants. In light of these developments, investors are preparing for a short setup, anticipating a temporary correction in the Nasdaq's upward trajectory. While record highs have been achieved, prudent risk management strategies are in place to navigate potential market fluctuations and capitalize on emerging opportunities.
FX:NAS100Short
by FOREXN1
5
Nasdaq Intraday Review - Monday 4 March 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:20am (just before 1am EST) Looking exclusively for a buy because "the trend is your friend" During analysis noted the following: Price consolidating in a triangle on 1H (marked by blue circle) I feel the market will retrace today Two interest zones identified Zone 1: Area of confluence because - Pivot point 4H 0,382 fib level (fib drawn from swing low at A to swing high at B) Market pattern - Just past profit target if a double top forms; market tends to reverse at or near profit target to re-test the neckline. I like being part of a re-test that is the same as the overall trend (bullish in this case) Zone 2: Area of confluence because - 4H 0,618 fib level D 0,382 fib level 4H EMA (was in this region at time of analysis and throughout the day) I set buy limits at each zone as follows: A smallish buy position at Zone 1, because for me the confirmations are not soo strong and it really depends on price action so I will judge the market sentiment based on candles to see if I add more A large buy position at Zone 2, because these are strong confirmations and price should at least bounce from here. Ultimately a DT did form and break the neckline down. But market was very slow and none of my zones of interest were triggered. In the evening, I cancelled my buy order in Zone 1 because I felt market was very slow and I wouldn’t get the reaction that I wanted in this area. Clearly, investors are waiting for the inflationary data this week. What could I have done differently? Nothing Hope you had a good trading day! :) TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84
NASDAQ ANALYSISChart : 4Hour Overall Trend : Bullish Current Market Structure : Downtrend Scenario 1 : We are overall very much bullish on Nasdaq , we are looking into getting in on buys at a very discounted price . We can look at a 4Hour demand areas that put in a new all time high on Nasdaq . Possible buys from that demand area. So I will be looking for short term selling opportunities in the market for now as price needs to fill imbalance in the market . ( Counter Trend Trade ) Will look for buying opportunities at 18100 area
CAPITALCOM:US100Long
by Brehayne_
Cotton # 2 Futures. The Epic 52-Week Highs BreakthroughThe main technical graph is for Cotton # 2 Futures that firmly up this year, with solid 13.5 percent performance in 2024 to this time. The weekly Commitment of Traders report showed managed money cotton traders dropped 6k existing shorts and added 11.6k new longs during the week that ended 2/6. That raised their net long to 46,344 contracts. Commercial cotton hedgers added 17.5k short hedges for a 90,540 contract net short as of 2/6. NOAA’s 7-day QPF has another band of heavy precip for the South/East. From the Gulf of TX through TN/NC/KY accumulations top out near 4”. Most of Northern LA, North/Central MS, Northern AL, and Northern GA will get ~2”. Central TX cotton area will also get ¾ to 1 ½” of precip to build up soil moisture reserves. Yesterday’s Drought Monitor confirmed there was still some D3-D4 in Northeast MS, but the total D3-D4 area has fallen from 29% to 2% since December 5th for the South-Southeast. The monthly WASDE update showed a 150k bale lighter domestic cotton use, now at 1.75 million bales. Exports, however, were raised by 200k bales to offset. On net ending stocks tightened by 100k to 2.8 million in the report. The main technical graph for Cotton # 2 futures ICEUS:CT1! indicates on 52-week highs breakthrough, as massive 20-years SMA supported the price over the past 12-15 months. Weekly RSI(14) sub chart is to confirm this epic breakout, while COT data says, Largest speculators are still positive in net position all the time, keeping calm above Zero-level, while producers are to massively sell the production.
ICEUS:CT1!
by Pandorra
Nasdaq Intraday Review - Friday 1 March 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 6:30am GMT (1:30 EST) During analysis noted the following: The February month candle closed as a green momentum candle, indicating a very bullish market, despite being at all-time highs and despite the worries around inflation / Feb rate cuts On the D TF, a beautiful DT had formed in the past few days, broken the neckline down and then price completed the pattern perfectly by moving down the same distance as the height of the market pattern The area at the pumpkin was an area of confluence because: It was the profit target of the DT (same distance as the height of the DT) It was the D 0,382 fib level, as well as coinciding with the W 0,382 fib level Generally, after reaching the profit target of a market pattern, price will reverse to test the neckline I like to be part of a re-test that is in the same direction as the overall trend (in this case bullish) From the pumpkin, price re-tested the neckline and with the help of inflation data news on 29 Feb (PCE and initial jobless claims), price broke through the neckline and continued upwards Meaning that the bullish trend CONTINUES!! Interesting to see how price came back down to test the temporary downtrend line marked in red. It was a deep retest of 830 pips by bears (pushing down till A.), but on 1H TF, you can see how bulls pushed back up and managed to close the candle at A. above the temp downtrend line So looking exclusively for a buy - the trend is your friend! At time of my analysis, price has reached TP1 (roughly at the pink horizontal line) of the move yesterday This means that market may retrace at this point, so I need to wait patiently for a convincing break of this area before buying, or alternatively, wait for the retracement before jumping in. Yellow highlighted area = area of good confluence: 4H EMA was in this zone at time of analysis 4H 0.618 fib level - a strong fib level (Fib drawn from swing low at A. to swing high at B.) Daily pivot point I set my Buy Limits in this zone for a big position size, due to strong confirmations Entered a buy at C. - Confirmations: Market seemed to have convincingly broken above the TP1 level (on 30min TF) and seemed to want to move directly to TP2 I don’t like buying at the very peak of price, so I entered a very small buy Ultimately price reversed and this position was in draw down I closed at entry as soon as price moved back up I was waiting for price to reach my yellow buy zone, but it never did. Price dipped to touch the 4H 0,50 fib level, and a DB appeared on the 15 min TF This indicated that price was ready to move up and would not reach my buy zone I entered a buy at D - Confirmations: Fib - price had touched the 4H 0,50 level and moved up Trend - entering a buy meant I was trading in the same direction as overall trend Market Pattern - DB formed on 15min TF at 4H 0,382 fib level Candle sticks - The red 1H candle at D. closed with a long wick touching the 0.50 fib level and closing above the 0,382 fib level I entered at half my total planned buy position in case market still moved down into my yellow buy zone and at the moment of entering a buy at D., I cancelled half of my buy limits as I had entered these positions higher at D. Ultimately market moved up 3000 pips and I took partial profit at TP 1 and closed above TP2. What could I have done differently? I am happy with my D position I should not have entered my position at C as there was not enough confirmations - I was lucky to be able to close at entry Hope you had a great trading day! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance EMA = Exponential moving average DT = Double Top DB = Double Bottom
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq-100 Price Hits All-time HighNasdaq-100 Price Hits All-time High after 4 Straight Months of Gains The Nasdaq-100 index is holding above 18,000 today following yesterday's bullish momentum, fueled by inflation news. The PCE consumer spending index amounted to 0.4% on a monthly basis, which was in line with analysts' expectations. A year ago, we recall, it was 0.6%. Thus, statistics indicate a weakening of inflation which means that the likelihood of the Fed cutting interest rates increases — the anticipation of this event increases optimism in the stock market. Another driver is the strong price action of NVDA stock. The company's capitalization is close to USD 2 trillion, as Nvidia is perhaps the main beneficiary of the AI boom — NVDA's price rose approximately 28% in February. The Nasdaq-100 chart shows that the index price has been in an upward trend since the beginning of 2024 (shown by the blue channel): → with the price is in its upper half; → from the point of view of technical analysis of the Nasdsaq-100, the level of 18k points, which acted as resistance in February, may support the market in March — however, this is if the bulls manage to gain a foothold above 18,000. In the meantime, the current exceeding of maximum 2 looks insignificant. And this creates the threat of a false bullish breakout — as an example, this turned out to be the maximum 2, when the price exceeded the maximum 1. Let's note another bearish factor, the overbought state on the RSI indicator. Comments from FOMC committee members are expected this evening, which could impact current sentiment. 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.
FXOPEN:NDQM
by FXOpen
3
NDQ100 (Nasdaq) Thoughts and Analysis. Today's focus: NDQ100 (Nasdaq) Pattern – Continuation (Bullish) Support – 17,804 Resistance – 18,047 Hi, traders; thanks for tuning in for today's update. Today, we are looking at NDX100 on the daily chart. Today, we are asking if the NDX100 index will contnue to move higher after putting up several key price action points. Have buyers set the tone for a new extension higher? A main point for us will be that price remains above resistance. We have also run over a few warning signs if sellers start a new push lower. Good trading.
EIGHTCAP:NDQ100Long
by Eightcap
CAN US100 MAKE A NEW ALL TIME HIGH ?Hello traders . i think for nasdaq the market is still bullish , if the price manages to give a bullish reaction on the area it is likely that it going to give a trend continuation for bears out there if you wanna sell look for shorts on round numbers / Psycological levels but don't hold for long its agaisnt the trend i think its going to keep going and maybe start possibly reversing on 20.000. just a personal prediction of mine . according to the relative strenght index the market is making higher high but they are getting weaker and weaker i am thinking at the price 20000 by then the buyers will be tired and we might see a possible correction.
EIGHTCAP:NDQ100Long
by xAB777
3