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Nasdaq100

NQ View pre HolidayHello everyone This is likely the last analysis/ forecast until next month/ year. As always, I am monitoring DXY for confirmations of movement on the NQ. I am bullish above the Order Block highlighted, and the supports noted. If we trade below the order block, I will be looking for a dip into the bullish FVG's marked as support. I believe a high probability scenario is that we will dip on Sunday open/ Monday and bounce from the OB or other supports. DOL are the FVG's above. Notice below all of this bullish move we had tapped into a monthly Bullish FVG, (I have marked the .5 of that ) I have marked M, D, W to denote which strength the various gaps are. There are several news drivers/ economic numbers coming out this week that will likely be catalysts for moves. I hope this is helpful, and that you have a fantastic trade week!
CME_MINI:NQ1!Long
by The_Lioness
2
Nasdaq Intraday Review – Wednesday 6 Dec 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Noted at 1. that overnight the market had broken through the pink down trend line which market had been respecting for some time There was a nice re-test of the trend line at 1. on the 1H TF and then market moved up from there. By the time I did my analysis, the market was consolidating on the 1H TF. I was looking exclusively for a buy as Nasdaq is bullish overall. I planned to enter 1 position at 3 levels marked in with the green dots 2. and 3. and 4. So three positions overall (= 3 green dots). Confirmations for a buy at 2. - There was a small double top that had formed on the 1H and I have noticed in the past that when Nas is very bullish it will break the neckline of the double top, move down the same distance as the height of the pattern, the buyers step in and the market then moves up and beyond again. Neckline and distance marked with orange lines. (Have you noticed the same?) This was evidenced by the long wick green candle close to the 2. but unfortunately it didn't continue it's move up. Confirmations for a buy at 3. - 1H 0.318 Buy retracement level - 30min EMA (if market is very bullish it will respect even a 30min EMA) Confirmations for a buy at 4. - 1H 0.50 Buy retracement level - 1H EMA For me it was clear that the market would buy because all the EMA's were under the candles, the pivot point was under the candles and the down trend pink line had already been re-tested at 1. So for me the market would possibly make a shallow retracement on the 1H TF and then FLLLLLLLLYYYYYYYY. Mental stop was placed below the 4H EMA. So I entered a buy at my 3 levels as planned....took a bit of a draw down and then the market bought strongly right before market open. I secured all three positions at entry (i.e put an actual stop loss at entry of each position) I was convinced that the bulls would continue to dominate. Just as I was seeing dollar signs flash before my eyes, market opened and crashed completely. I was out at entry on all positions. I was up ultimately 1000 pips on my lowest position and I wish now I had taken profit but always easier in hindsight. I was truly convinced that the market would rally. Clearly the bears overpowered at this zone (5.) because the buy was "over" i.e. TP1 and nearly TP 2 had been reached and if you look at the D TF you will see that at 5. (the brown trend line) is where the D candles have been closing at lower and lower. - Ultimately no pips for me today. - The market did not move as I expected and I did not want to re-enter into a market which I wasn't in-sync with. - No revenge or overtrading for me. - Good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Tuesday 5 Dec 2023I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20 am GMT - Noted a temporary downtrend as marked by the green trend line - As the morning progressed I noted the formation of an uptrend line (also marked green) and noted that this uptrend was tested a few times during the morning - Noted that the D TF 20 EMA was just below the candles. This EMA had acted as massive dynamic support yesterday resulting in a long wick candle on yesterday's 4H TF. - I was still interested exclusively in a buy as I believed the market would at the very least retrace enough for me to secure my trade and I believed the market would at least bounce off the D EMA. - Eventually a double bottom formed and I entered a buy at 1. Confirmations: Break of the neckline of the double bottom on the 30min TF Break of 30min EMA which the market had been respecting till that point signally a trend reversal D TF EMA as dynamic support I believed the market would at least retrace a bit, if in fact the move for the day was a sell. - Stop was a mental stop placed at the thick pink line (after yesterday, I was determined to be more disciplined with my mental stops) - Had to endure a draw down of +- 420 pips - But eventually the market moved with speed in a bullish direction - Jolts Job Openings helped boost the market through the various EMA's and the pivot point and sell fib levels. Closed half my position at the temporary down trend at about 2. when I noted some weakness in the candles in this area (a temporary down trend that had been holding strong for a few candles now + sell 618 Fib level + 4H EMA all confirmations in favour of the bears). Left the other half to run for the rest of the day i.e a time stop to see how far the market would rally. But really didn't like how the market came crashing back down below the trend line as I was expecting that the market would stay well above this area. Also down below the 1H 200 EMA and 4H 20 EMA = not good) So I closed my other half position at around 3. So I am out for the day with around 900 pips profit. Good luck if you are still trading! :) TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Monday 4 Dec 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”. Temporary trend is a down trend but overall, I feel the trend is bullish - Did my analysis at +-5:20am GMT - Noted a spinning top on W TF – indecision between buyers and sellers. Could signal that buyers are losing momentum - Noted an ascending triangle on D TF - broken to the downside and re-tested and now moving down - Noted consolidation rectangle on D TF - At 11am GMT I entered a buy at 1. (green circle): Confirmations: 4H EMA dynamic support for 50 EMA held 4H 0.50 Fib Level 4h Doji candle stick Retest of neckline of the 4H double bottom seemed to have held (double bottom marked by purple circles) Stop loss was a mental stop placed at bottom of the ascending triangle (marked with thick pink line just below 2.) On 1 hour TF I didn’t like the way the candles were moving and ultimately decided to close taking a 119 loss. - Entered a buy again at 2. Confirmations: Uptrend line which held previously Roughly 4H 0.618 fib level And what I judged to be sellers TP1 on the 1H TF (i.e I felt the sell would have come to an end at this level) Stop was a mental stop at the thick pink line just below 2. But I entered a buy without having strong enough confirmations and did not pull out at my mental stop level. This is the problem with mental stops....and that is that sometimes it can be really hard to pull the plug psychologically. A mistake that I paid dearly for. Took a loss of 890 pips – OUCH! So theme for today – CRASH AND BURN! But I still preserved some capital and live to fight another day. Biggest thing I did wrong today – not follow my mental stop. Would have reduced my loss to 100 pips instead of 890 pips. - Ultimately 1000 pips LOSS for the day. - Got the market totally wrong and I am out for the rest of the day! - No revenge or over trading for me. - Hope you did better than me...good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week
PEPPERSTONE:NAS100
by Jinxx84
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