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Nasdaq100

Nasdaq Intraday Review – Thursday 30 Nov 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you - Today I was looking exclusively for a buy as Nasdaq is strong bullish – “The trend is your friend” - Did my analysis at +-5:20am GMT - Noted an ascending triangle on the D – which indicates consolidation and breakout imminent, usually to the top but can be in any direction - 4H TF – Market came down to retest the triangle it had just broken out of The second 4H red candle of this retest (yellow circle) closed above/on the downtrend line of the triangle, indicating that the market was unable to break back into the triangle The following green candle (at the yellow circle), indicates the market is bouncing off the triangle downtrend and that the 4H 20 EMA is holding as dynamic support. It also indicated that the 4H buy fib level of 0.618 seems to be holding. - 1H TF – Nice double bottom (yellow circle) formed on the triangle upper line with a break of the neckline at 1. Also see candles moving in a temporary uptrend indicated by orange line At 2. the red candle came down to test the neckline and then the following candle is green, confirming uptrend in play - Entered a buy at 2. @ +- 5:40am - Confirmations: 1. Market pattern – break of neckline on double bottom on 1H TF 2. Market pattern – 4H TF retest of triangle that the market had just broken out of 3. 4H dynamic support by 20 EMA 4. Fib 4H 0.618 fib level seems to be holding On bigger TF, looking from a seller’s point of view, market could retrace to pivot point before selling again. Pivot point = 0.382 fib retracement. This means the market could move up +- 300 pips before possibly selling, giving me enough time to secure my trade at entry and trade risk free. - My stop will be a mental stop at the thick pink line. If market breaks back into triangle, then that invalidates my buy - For TP, I will close half my position at the brown line (the ascending triangle forming on the day and which was respected in yesterday’s session), the rest I will leave running and see how the day unfolds Update now at 4:18pm GMT: - Market moved up as predicted to pivot point - I was out at entry when the market made a strong move down (indicated by pointing hand) So no pips for me today, but feel risk management was on point. Well done if you opened a sell at the pivot point plus 0.382 Sell fib level. - Ultimately ZERO pips for me today, but at least I managed to project my capital. - I'm closing November month in the profit overall :) - Good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Wednesday 29 Nov 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) - Today I was looking exclusively for a buy as Nasdaq is strong bullish – “The trend is your friend” - Did my analysis at +-5:30am GMT - Identified 3 zones where I would have entered 1 position at each zone - Zone 1 = confluences: 30 min 20 EMA dynamic support Small Head and Shoulders on one hour had broken the neckline and travelled down +- the same distance as the height of the pattern itself. Ususally Nas moves back to retest the neckline (i.e in this case it would buy back up to at least the neckline – giving some confidence that the market would at least bounce off the 30min EMA - Zone 2 = confluences: 1H 20 EMA dynamic support (at time of analysis) 4H TF 0.382 Fib retracement level Retest of the triangle that the market had just broken out of - Zone 3 = confluences: 4H TF 0.50 Fib retracement level Pivot point as support 4H 20 EMA as dynamic support (at time of analysis) Stop for all three positions would have been thick pink line at bottom of triangle that had just been broken - Market only moved to my Zone 1, so entered 1 long position. - Market moved past TP1 and TP2 – I didn’t take profit because the thick pink vertical line is the expected move after a breakout of a triangle (i.e. The height of the triangle is the distance of the expected breakout). - Closed half my position after the formation of the doji candle on the 1 hour and left the other half running. Moved the stop of my runner to entry so that I wouldn’t take a loss on this position if the market moved back down. - My TP for my runner was a “time” take profit…. i.e. I wait till the end of the day to see how far the market has rallied. Nasdaq often keeps moving after a breakout for the whole day. - Unfortunately, the market respected the rising wedge upper trend line (the dark brown line) and moved down so drastically that it took out my runner at entry. - Ultimately +-900 pips profit for the day. - So, I’m done for the day! - Good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day
PEPPERSTONE:NAS100
by Jinxx84
General Major Market Indices - An Overview of the MarketGeneral Major Market Indices These six market indices give a very good snapshot of where we are in this difficult to discern market and why uncertainty still lingers as we continue to climb a wall of worry. The Chart ▫️ Every index 1 - 6 below has been rejected or is struggling to make new highs on the weekly timeframe. ▫️ At the same time each chart appears to be finding support on the 200 day moving average (40 week moving average). You could argue that ascending triangles are forming, in which scenario we would await a confirmation breakout above the upper resistance line. ▫️ Charts 1 – 3 appear to be leading charts 4 – 6 - You can see that the DJ:DJT , TVC:DJI and TVC:XMI charts (Charts 1 – 3) have all attempted to break above the overhead resistance and have been rejected or are struggling to break through. - Conversely the CBOE:SPX , NASDAQ:NDX and TVC:RUA charts (Charts 4 – 6) have made lower highs and have not yet reached up and even tested the overhead resistance... For this reason these charts are showing relative weakness. ▫️ In prior Macro Mondays it was made very clear that Charts 1 – 3 can provide advance warning of recession and or bear market declines ahead of charts such as 4 – 6. Charts 4 - 6 are showing relative weakness and appear to be lagging charts 1 - 3, for this reason revisiting this snapshot would be beneficial to see can we get a lead on the S&P500, Nasdaq and US Small Caps. This in turn could give us a lead on the entire market. ▫️ At present we are above the 200 day moving average on every chart and the 200 day moving average is sloping upwards ✅ - This is positive and would reinforce an ascending triangle thesis however at this stage, looking at all the charts a definitive break above the overhead resistance line would be a preferred entry with stop losses placed under that resistance line thats been broken. - A revisit of the 200 day moving average could also be another entry consideration, simply because again you have stop placed under the 200 moving average, defined entries with defined stops under them. In summary, charts 1 – 3 can act as leading indicators of where price will go next in the general market. Charts 4 – 6 are showing relative weakness, potentially making lower highs however this could change in coming weeks as a strong green candle is challenging the recent highs. Ideally we want to see a definitive break above the overhead resistance levels and we would rather not see further overhead rejections or a breach below the 200 day moving average. The beauty of Trading View is that you can revisit this exact chart on my page, press play and see if we have we broken through the resistance lines or fallen below the 200 day moving average, all at a glance. Be sure to make use of it to save you the time and effort of reviewing every chart. You can get a the jist of these major indices all with a glance. Regardless I will do my best to update you here on X. If you like these broader analysis covering multiple stocks in particular index's or in particular sectors, please let me know. What are the components of each index? - This is for those of you who are unsure what each index is made up of and what they represent. 1. Dow Jones Transportation Index - DJ:DJT - The Dow Jones Transportation Average (DJT) is a price-weighted average of 20 key transportation stocks traded in the United States. - The transportation sector acts as a leading indicator as it is further up the value chain ahead of the final products being sold by companies in Dow Jones Industrial Average $DJI. For this reason, in some circumstances we can use the DJT as a helpful leading indicator for the direction of the economy 2. Dow Jones Industrial Index – SDJI - The Dow Jones Industrial Average, Dow Jones, or simply the Dow, is a stock market index of 30 prominent companies listed on stock exchanges in the United States. The DJIA is one of the oldest and most commonly followed equity indexes 3. Arca Major Markets Index - TVC:XMI - The XMI is an overlooked chart often utilized by OG traders has been referenced by Sentiment Trader as a leading market index. XMI is a price weighted index consisting of 20 blue chip U.S Industrial Stocks, 17 of which are also in the Dow Jones Industrial Average. Within the index there is surprising blend of stocks that include transport, travel, food, pharma, energy and technology. 4. S&P 500 - CBOE:SPX - The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices. 5. NASDAQ 100 - NASDAQ:NDX - The technology index, the Nasdaq-100 is a market index made up of 101 equity securities issued by 100 of the largest non-financial companies listed on the Nasdaq stock exchange. It is a modified capitalization-weighted index and includes the likes of NVIDIA and the MAANG stocks (Meta, Amazon, Apple, Netflix and Google) 6. US SMALL CAP 3000 - TVC:RUA - Small-cap stocks are defined as having a market capitalization between $300 million and $2 Billion. Examples would be Upstart and Victoria's Secret. Thanks guys PUKA
SP:SPX
by PukaCharts
2
Nasdaq Intraday Review – Tuesday 28 Nov 2011I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) - Looking for a buy as Nas is strong bullish – “The trend is your friend” - Doji candlestick formation on the Day TF o Signifying loss of momentum of the sellers, further confirmation for a buy - In the morning, would have been interested in entering a long position at orange circle as this would have indicated that buyers have the strength to break through the 20 EMA on the 1H and 4H TF plus the Pivot point at 15’968 - But this didn’t happen and market dropped - The blue circle represented an interesting area of confluence with a temporary uptrend line, a strong 4H support - Entered a buy when doji candle stick formed in 1H TF o Confirmations: Trend line Strong support Doji candle stick Lower wick of doji candle stick had touched seller’s TP 2 (indicating the sell was over) - Mental stop loss was placed at bottom of strong support zone (think pink line) - Market bounced off the pivot point plus EMA’s and I was out at entry (I usually place stop loss at entry after 250 pips) - Entered a buy again at the yellow circle at +- 13:20 pm GMT o Confirmations: Strong support that market had reacted to strongly Entered very small because I usually like more confirmations - Mental stop loss again at thick pink line - Eventually market spiked up but it was a very choppy market - Buy hit TP 2 on Fib i.e. moved up by about 1000 pips - Waited to see if it would touch the pink downtrend line but came down pretty quick - For take profit, I judged the candles on the various TF’s and decided I was happy with 700 pips in such a choppy market. - Closed my buy in the region of the robot - Hope I didn't close too soon as I see now the market is moving up but Done for the day! - If I had opened a bigger position I would have taken profit where I did and left a runner with stop loss at entry. - Good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 Hour 4H = 4 Hour D = Day
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Monday 27 Nov 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you! - Looking for a buy as Nasdaq is strong bullish – “The trend is your friend” - Noted a Double Top possibly forming on the D TF, with neckline at 15906 - On 4H TF noted that neckline previously acted as strong support – rejected 6 x 4H candles previously - On 1H TF noted the formation of a double bottom pattern at strong support level (orange circle) - Double bottom formed at temporary uptrend line marked in blue - Took long entry at break of the neckline of Double Bottom on 30min TF o Confirmations: Market pattern Strong support Trend line - Time of trade = +- 6:30 am GMT - My mental stop loss was placed at thick pink line o Mental because I like to see how candles look before closing o Nasdaq can sometimes spike you out o Placed here because if it broke this support it would drop significantly because of break of neckline of double top formation on 1H, 4H and D TF - In terms of profit taking: o I wanted to see how the day unfolded as trading was muted during Thanksgiving o Held through testing of EMAs and D pivot point o Eventually took profit in green circle based on candle stick formation +- 1000 pips TF = timeframe 1H = 1 Hour 4H = 4 Hour D = Day
PEPPERSTONE:NAS100
by Jinxx84
How far does the fifth wave extend?Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
OANDA:NAS100USDLong
by mehdi47abbasi79
New All Time Highs On Nasdaq😈Hello Traders, My name is Philip and I am just an average stock and indices trader with over 4 years of trading experience💻 ------------------------------------------------------------------- ➡️In today's video, I will analyse the Nasdaq for you🫡 ------------------------------------------------------------------- ➡️Let me know your opinion about today's analysis in the comments below👇 ➡️I will only enter a trading position if ALL of my trading/entry criterias are met! Keep your long term vision! P.S. Trading is risky and most beginner traders lose money!
NASDAQ:QQQLong
by basictradingtv
5
Now would be a good time to short the Nasdaq Index...Short term resistance has been met and the Nasdaq has just recently broken through its short term support. This would indicate to me a correction will follow taking the price of the Nasdaq back down to medium term support. After this i would exercise caution, any short term bounce may be followed by another breakdown in the medium term support. Then the Nasdaq may head lower into the long term support range which is typical after such a long bull run in tech stocks. The catalyst for this correction in tech stocks will be for the economy to rollover after the Fed's aggressive rate raising cycle.
NASDAQ:NDXShort
by WinstonWolfe
NASDAQ Elliott Wave Analysis for Tuesday 21/11/2023Sorry for the low-quality sound, my mic was not plugged in. The wave (4) as a WXYXZ structure in the primary scenario was confirmed last week as we took out the wave (3) high. On the one hand, this is bullish as we are now working on a wave (5). On the other hand, we have to be careful with the expectations for this fifth wave. With the current data, we favor some more upside but we do not expect a huge wave (5) bull run. In the lower time frame, we believe we now finished wave ((iii) and wave ((iv)) and wave ((v)) are coming.
OANDA:NAS100USD
by AndyCuckoo
1
Ending Diagonal For Wave Five????Greetings, dear friends. I hope you are having a productive week. I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further. I want to share my market analysis ideas based on the Elliott Wave Principle with you. I am a fan of this principle and follow all the rules and guidelines for analyzing the market. However, please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes. It's important to understand that making an error in analysis is not a fault, but evading responsibility is. No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get. We analyze from multiple perspectives to consider all possibilities. Let's mention a few opinions and ideas! Based on mathematics. I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future. Thank you for your continued support, and I look forward to our mutual success. Best regards, Mr. Nobody Keep trying and never give up. Good luck!
EIGHTCAP:NDQ100Long
by mehdi47abbasi79
NASDAQ Analysis: New Top of the YearFor the first time in 2023, the index of technology stocks exceeded the level of 16,000. The rally comes amid news surrounding Sam Altman, the now former head of OpenAI, the company behind ChatGPT and other groundbreaking products. If you don't know: → Sam Altman, co-founder and former CEO of OpenAI, was fired from his position on November 18, 2023. The company's board of directors said Altman was not forthcoming in his interactions with the board, which interfered with his ability to perform his duties. → Following Altman's resignation, several senior OpenAI employees also announced their departure. Altman himself stated that he did not agree with the decision of the board of directors and considered it unfounded. → Microsoft, which invested $14 billion in OpenAI earlier this year, was also outraged. Moreover, it rushed... to hire Sam Altman. He is now the head of Microsoft's AI division. → OpenAI employees consider the board of directors incompetent and ask to return Altman, or they may themselves leave for Microsoft. Although the conflict situation may interfere with the development of projects, perhaps market participants believed that in this case Microsoft and AI technologies will receive more long-term benefits — shares of MSFT and NVDA also reached highs yesterday. In addition, Fed policy has an important impact on market sentiment. It is not expected to raise rates again, so investors are actively exiting the cash — and the fact that the NASDAQ is performing stronger than the S&P 500 indicates that technology stocks are among the desired buys. The NASDAQ 100 chart shows the bulls losing momentum: → MACD forms potential divergence; → price dynamics in the evening of November 20 and the morning of November 21 form a rounding, which can be interpreted as a weakening of bulls’ confidence before the FOMC meeting, which will take place today at 22:00 GMT+3. It is possible that there will be a surge in volatility, in which the NASDAQ price will test the strength of the support at 15,750. 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
NasDaQ's New Highs & Next MoveNasdaq pushed up pass July's highest price last week. We want to keep an eye on it this week to see if there will be more buys to push price higher. The only thing that can invalidate this setup is if the inside bar's or past sellers attempt to push the market down fails. What do you think will happen next? Will the buyers keep price going or will the sellers come in strong? *I love doing these videos so like the video and boost it to let me know if you like them too.*
OANDA:NAS100USDLong
by ShaquanLopez
Lazyluchi Trades Nasdaq And Gold EP 4another week to tussle the market. nasdaq100 struggled at resistance, just as suspected from last week's analysis brief. she's still dancing at 15919. however, if broken, eyeing a long buy to 16524-16790 before another stall. as for gold, after creating a new support at 1932 and failing to break past the previous resistance at 2008, i sense a promising sell once she enters the 2000+ zone. i say "zone" because gold hasn't made an all-time high in forever, so who knows, she might just decide to create one this year. but for now, i'm not betting on it.
PEPPERSTONE:NAS100
by lazyluchi
NAS100 US100 Technical Analysis and Trade Idea NASDAQIn this insightful video, we delve into the NAS100's intriguing movements as it encounters crucial resistance levels on both the monthly and weekly charts. With the week drawing to a close, we scrutinize the possibility of an assertive retracement. Our discussion extends beyond surface analysis, encompassing market structure, intricate price actions, meticulous trend analysis, and pivotal elements of technical analysis. This comprehensive coverage sheds light on the intricate dynamics shaping the NAS100's trajectory. As a standard practice, this video offers a comprehensive view for educational purposes. However, it's essential to clarify that the content presented here isn't intended as financial advice.
FX:NAS100Long
by fxtraderanthony
2