Nasdaq100
NQ1! NAS100USD NASDAQ 2023 JUNE 12NQ1! NAS100USD NASDAQ 2023 JUNE 12
Significant Weakness observed on daily bar (Friday 09 June) as market is marked up on ultra low volume S>D bar.
If mark ups on low volume continues, tighten stops and don't chase longs. Prepare to look out for short opportunity.
Possible Scenarios:
1) Market continues to be marked up on low volume narrow spread up bars = tighten stops on longs / wait
2) When additional weakness emerges = Short on test and rejection of recent high / lower high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend to be intact.
Price Volume Analysis:
Weekly: Ave vol up bar close off high = NTC weakness
Daily: 09 June ultra low volume S>D up bar
*NTC = Non-Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
NDX Formed A Potential Reversal Pattern on June 9The NASDAQ:NDX may have formed a key 2b Top reversal pattern on Friday, June 9. The intraday high surpassed the high seen on Monday, June 5. However, the index closed below the closing high seen on that day. This is a rejection of the recent high, and if the index does not close above June 5, it is likely to indicate that the NDX falls lower towards a gap at 13,600.
NAS100 Sell ConsensusLooking for a drop off to occur in the market soon.
Seasonality wise speaking June tends to be negative. Thus, I would like to see a drop in the next couple of weeks.
There are two levels above which I have drawn out and will watch price once we clear either of those highs looking for bearish price action.
The targets are also outlined, and once reached, will re-evaluate the scenario to see if we get further downside.
Nasdaq: Taking a Break… 😮💨Currently, Nasdaq is taking a break from the exhausting ascent it has realized from the low of wave iv in turquoise. However, we expect the index to activate some more upwards momentum, expanding wave v in turquoise so that a higher top of wave i in orange can be reached. This done, Nasdaq should turn downwards and drop below the support at 13 566 points to develop wave ii in orange. There is a 40% chance, though, that the index could bounce off this mark, finishing wave alt.iv in turquoise instead. In that case, we would expect a delayed expansion of wave alt.ii in orange and thus a delayed drop below the mentioned support line.
We Must Expect a Bounce in NASDAQ !!!Technical Analytics:
- It's doing a wave ((1)) in black
- H1 and H4 right side is up
Technical Information:
- If you're a position trader, you must wait for all time high and only buy after when the correction ABC or WXY is complete
- For swing trader you need to wait for more data
Equal Weighted Nasdaq 100 Prepped to catch up with the Big CapsSo far it has been the big caps like Google, MSFT, AAPL, and NVDA that has carried the NASDAQ 100 up higher, but now we can see that the Equal Weighted NASDAQ 100 is getting ready to break through resistance after making a series of higher lows and it is likely going to target at least an 88.6% Fibonacci retrace. At this time, we may see the NASDAQ 100 itself trading at all-time highs.
Nasdaq -> What A Short SqueezeHello Traders,
welcome to this free and educational multi-timeframe technical analysis.
On the weekly timeframe you can see that over the past couple of weeks, the Nasdaq had an insane rally towards the upside of roughly 25% and is now approaching weekly resistance.
Considering the fact that the overall trend is still very bullish I just do expect a short term rejection away from the $14.800 resistance area and then I definitely do expect the continuation of the bullrun.
On the daily timeframe you can see that market structure is still very bullish, there is still no sign of the Nasdaq slowing down yet, so there could be the possibility that we will see more continuation towards the upside to then retest the next major previous daily resistance at the $15.200 level before we will then see a short term drop.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NQ1! NAS100USD NASDAQ 2023 JUNE 05Continuation long from previous analysis was in order last week.
Minor weakness has appeared.
Possible Scenarios:
1) Continuation Long: Long on retracement. Down bars has to
be on lower volume.
2) Previous supply zone 15269
Exercise caution if you see climatic bars into this level. Market
may rotate to work out demand and supply.
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15269 14575
*Longer term: 13350 needs to be supported for long trend
to be intact.
Price Volume Analysis:
Weekly: Ave vol narrower up bar close off high = NTC weakness
Daily: 19 May UT bar, ave vol= = potential weakness
*NTC = Non-Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
NASI have my eye on this area at the moment one of two things could happen
1. we could go up higher and grab liquidity and or see price go lower to target equal lows resting below and see if price will continue to fill gaps below.
2. we could see price continue rising above and leaving gaps open with resting SSL below and target previous highs at around 14645 and or 15300.
lets see what price gives us over night and look forward to Friday morning with high impact news on the morning.
3 red high impact folders
NASDAQ 100 Overtakes BitcoinThis is how prices for popular exchange-traded assets changed from March 1 to May 31:
→ The price of the NASDAQ 100 increased by almost 20%
→ The price of the S&P-500 increased by almost 6%
→ The price of gold increased by almost 7%
→ The price of bitcoin increased by almost 14%
→ The price of Ethereum increased by almost 12%
For a long time, cryptocurrencies were the leaders of the spring market, but in May, the NASDAQ-100 made a sharp leap upwards, thanks to the soaring of the NVDA share price and the hype around artificial intelligence (AI).
What will happen in summer?
According to Citigroup analysts, there is a risk that the rally in US technology stocks will end as investors want to take profits.
Perhaps the hype around AI will decrease, as its widespread adoption should take time. Barclays analysts note that past game-changing technologies took several decades to show up at the level of the entire economy. Take electricity, automobiles, and refrigeration, for example – US labor productivity skyrocketed in the 1950s, 3-4 decades after these technologies were introduced.
However, the NASDAQ-100 chart looks bullish. The price has broken (1) up the median line of the ascending channel (shown in blue) and, from the point of view of the technical analysis of the NASDAQ 100, it is now worth focusing on a possible test of this breakdown. If it happens with a strong rebound, it will be a sign of a strong market. If the test happens and no strong bullish patterns follow, it will be a bearish threat to the NASDAQ 100 price.
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NAS 5/31Today Bias was bearish after tapping into the areas noted in last idea.
Started the day marking 00:00 overall open and noticed price slowly began to drop and this time I waited for 7:30 and then created a sell opportunity with a FVG and big displacement. However we still had equities to open and I entered when 9:30 opened ant tapped the gap and marked another zone I felt could tap for a liquidity grab above the daily open. tapped in and entered again.
after that set SL to previous high and TP to EQ lows at 14288 and over all target at 14257 next SSL.
taking partials as it was going down.
Target reached
NAS ShortLast week we had a very strong sell off and then a strong bullish Friday to finish off the week .
looking over my notes I saw that on the weekly we were headed to a FVG gap above and equal highs to target, once it tapped those two I noticed a sell opportunity at market this morning. I saw a false down move to the down side around 8:30 am and I got caught in that though I held my position with my stop above the holding daily high of the day.
soon after I noticed at 9:30 equities open it created a liquidity grab possibly a "POWER OF THREE" meaning that there 1. accumulation 2. manipulation 3. displacement
which falls with the 2022 model strategy I'm following. it comeback to like I said previously to grab liquidity or stop out early sellers and continue in the water direction of the day. the target was a the nearest previous SSL and final target was SSL noted around 14331.5.
will eye market tomorrow and see if it presents a set up have a great night !
Lazyluchi Trades Nasdaq100 EP 20it's been a while guys. btw, happy new weekend (which is already over). monday's a public holiday though, so maybe not entirely over. i made a video explaining why i've been mia and also explaining what my views on nasdaq100 would be for this week. let me know what you think of my re-branded strategy (nothing much changed though) and also your thoughts on the lady nasdaq100. i still see more buys before the big sell but hey, who knows, she can do the total opposite. so wait for that sign first. you know what to do, like, share, comment, tell your mama, your neighbor, do whatever you want but don't forget to watch the whole clip.