Nasdaq100
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.
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NASDAQ Elliott Wave Analysis for Tuesday 21/11/2023 (+Higher TF)The wave (4) as a WXYXZ structure in the primary scenario was confirmed last week as we took out the wave (3) high. At the one hand this is bullish as we are now working on a wave (5). At the other hand, we have to be carefull 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.
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?
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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.
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.
NASDAQ Elliott Wave Analysis for Thursday 15/11/2023The wave (4) as a WXYXZ structure in the primary scenario was confirmed today as we took out the wave (3) high. At the one hand this is bullish as we are now working on a wave (5). At the other hand, we have to be carefull 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.
Lazyluchi Trades Nasdaq And Gold EP 35 days and 600 points later, nasdaq100 buys went well. a break past 15688-15919 and i’m adding more buys to ath @ 16524-16790. as for gold, that 1948 support break gives me more selling opportunities to 1904 however if rejected then buyers will have to break past 2008 for me to consider buys. still holding my swing. bored but i’m happy i now have the patience to actually hold swings..
(xau)
(nas100)
Nasdaq onwards and upwards to ATH at 16,500Extended W Formation has formed on Nasdaq.
SImilar to Dow Jones.
They seem to be leading indices which could drive up the JSE ALSI 40 along with it.
We need to bne open minded for potential change ahead but trade according to what we SEE rather than what we feel.
Other indicators are showing upside to come.
7>21>200
RSI>50
Price breakout downtrend
Target 16,500
USTECH Trade Plan Timeframe: 4HUSTECH Trade Plan Timeframe: 4H
#NDX100 #NASDAQ #USTECH #TradingwithBelieve #TradingOpportunity #Divergence #TradingSignal #USTECHtradingsignal #Forex
Hey traders! 👋 Let's dive into a potential trading opportunity on the USTECH pair using technical analysis. 📊
📉 Previously Bullish Trend:
Firstly, on the 4H- timeframe, we've been witnessing a Bullish trend in the USTECH pair. 🐻
🔄 Divergence on HH’s:
However, it's crucial to note that recently, we have started to observe a divergence pattern on the HH’s. This is an important signal that the Bullish momentum might be weakening. 📉🔄:
📊 Trade Opportunity:
Currently, we are looking at a potential trade opportunity with a Bearish bias.
📈 Entry Price: 15212
🎯 Stop Loss Level: 15407
🚀TP1: 15013
🚀TP2: 14824
💰 Investment Advice:
Please remember that trading carries risks, and it's essential to have a well-defined trading plan, proper risk management, and stop-loss orders in place. This analysis is for educational and informational purposes only and should not be considered as financial advice. Make sure to do your research and consider your risk tolerance before entering any trade.
Happy trading, and may the pips be in your favour! 🚀📈💰 #HappyTrading #ProfitOpportunity #TradeSmart #CryptoSignal #StockSignal #TradingwithBelieve
NASDAQ Elliott Wave Analysis for Tuesday 07/11/2023 (+ Higher TFWe are still working on the wave (4) as a WXY structure. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((b)). Based on a major resistance level and the S&P 500, the alternative scenario calls for the end of wave (4) as a WXYXZ structure. Price action in the lower time frame will help us to choose between the two scenarios.
NASDAQ Elliott Wave Analysis for Friday 03/11/2023We are still working on the wave (4) as a WXY structure. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((b)). Based on a major resistance level and the S&P 500, the alternative scenario calls for the end of wave (4) as a WXYXZ structure.
GOOGLE - The warning signs were thereWe did not trade this directly because:
- We were short on both the Nasdaq and the SPX500.
- Both the assets above had a better RR.
- Both have made us higher percentages than Google would've so far.
However, we deem it important to post google as it is exactly the type of trade set up that we preach about and showcases traditional Technical Analysis in its best light. It also drives the Index funds and so reflects how we've position ourselves lately.
Google broke down of its falling wedge and confirmed the breakdown. Before this it held a key level as resistance and was also showing extensive bearish divergence. Lastly, it was at a great value area for a short reaching just over the 0.786% retracement from the Low to ATH.
Please ask any questions you may have!
US100 Technical Analysis And Trade Idea NAS100In this video, we conduct an extensive analysis of the US100 NASDAQ, with a primary emphasis on the prevailing bullish price swing observed in the 1-day (1D) and 1-week (1W) timeframes. Notably, the currency pair is approaching a pivotal resistance level, indicating the potential for another leg down. Throughout our discourse, we delve deeply into the intricate facets of technical analysis, encompassing the current market trend, price dynamics, market structure, and other pivotal elements of TA. As we progress through the video, we take a look at an potential trade opportunity.
It is of utmost importance to underscore that the information provided in this presentation is intended solely for educational purposes and should not be construed as financial advice. It is imperative to recognize that engagement in foreign exchange trading carries a substantial degree of risk. Consequently, it is vital to judiciously integrate robust risk management strategies into your trading plan.
NASDAQ Elliott Wave Analysis for Thursday 02/11/2023We are still working on the wave (4) as a WXY structure. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((b)). Based on a major resistance level and the S&P 500, the alternative scenario calls for the end of wave (4) as a WXYXZ structure.
NASDAQ working with liquidityHello trader! Today, let's trade the good old US100. A nice setup has formed for entry and taking out the lower liquidity. There are possibilities that the price may go and take out the liquidity from above, but the chances of a move downwards are much higher.
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❤️And a comment is the best thing you can do for me now!
NASDAQ Elliott Wave Analysis for Wednesday 01/11/2023We are still working on the wave (4) as a WXY structure. The wave Y is unfolding as an ABC pattern and it looks like we are finishing wave ((a)). Based on a major resistance level and the S&P 500, the alternative scenario calls for the end of wave (4) as a WXYXZ structure.