Market Analysis And Market Outlook of the Week of 01/06/25Saturday: End of the Week Analysis
The Week ended Red;
with a range of 735 +- points.
Monday's Open continued to bring price down through Thursday; Friday being the only Green day.
___________
Overall Weekly bias:
- Price reached a major level of support at 20,800 +- and is currently moving up.
- With enough momentum the next area being targeted is 21,800 +- .
Daily Bias:
- Further confirms Weekly bias and support zone along with price targeting 21,800 +- .
- A higher low has been created which indicated a reversing market or the beginning of consolidation.
- Directional confirmation is needed by taking out has High or making a Lower Low.
1 Hour Bias:
- The 1 hour shows a trend change from short to longs.
- Taking out last lower high, a retracement is anticipated at this level to last support.
5 Minute Bias:
- Looks bullish with price currently retracing to last support.
____________
Considerations:
- Presidential inauguration, 01/20
- Earnings Reports, 01/20
- Red Folder News, 01/07 till *ongoing.
_____________
Market Anticipated Performance:
- The Markets will Range till after the Inauguration and after earnings report.
- My bias is a range of 1,300 +- points , from 20,800 +- to 22,100.
How to Trade for Week of 01/06:
- I am looking for price to retrace on the 1hour, 100 - 200 point +-
- Then Looking to enter long as price targets 21,800
- Zone to Zone and pattern trading till 01/20
Nasdaq100
Short Position - NASDAQShort Position Entry: Consider initiating a short position if the Nasdaq-100 Index falls below 21,000.
Stop Loss (SL): Set a stop loss at 21,555 to manage potential losses.'
Market Sentiment: The combination of the Federal Reserve's cautious approach and rising inflation may contribute to a weakening market sentiment, potentially leading to a downward movement in the index.
his recommendation is for educational purposes only. Always consult your financial advisor before making any investment decisions. Stock trading involves risks, including the potential loss of capital. Ensure to evaluate your risk tolerance and conduct thorough research.
Nasdaq Intraday Review - Thursday 2 Jan 2025I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - Initial jobless claims @ 13:30
News - None
Directional bias - Not sure, will decide after analysis
Morning analysis:
M TF - Doji formed on the M TF, with a long upper wick of 11'636 pips. This indicates that bulls may have run out of steam to push price higher. Sellers may be entering the market at this point. So price could either be stalling at this level and then push through upwards, or bears may take control at this level and push price down. Price action on the lower timeframes will answer that question.
W TF - DT has formed and price is currently below the neckline. The candle for this week has not closed yet and so we don't know for sure if neckline is in fact broken downwards (can only reach this conclusion once the candle is closed). But either way, price is very bearish, with sellers currently holding price below neckline. Also have a temporary uptrend line on W TF seemingly broken downwards (again can't know for sure until this weeks candle closes).
D TF - I interpret the chart to indicate a massive DT with the neckline broken downwards. So I see very bearish price action. The Day candles have closed below the weekly DT neckline for 2 days in a row - very bearish. But in the early morning trading of today, price spiked down low and bulls have managed to fight back and push price higher (at time of writing). So maybe the W 0.618 level is holding strong.
4H TF - Bulls have pushed past the 4H 0.382 and 0.50 fib levels and price now at the 4H 0.618 fib level. This indicates that bulls have found strength. Also we have a small dojiísh green candle, followed by a gap up and the a long wick bullish green candle that has a body that is much larger than the previous candle. This indicates that bulls are (so far) building momentum upwards, even after a strong bearish push down (the long wick). However, price is at a very strong S&R zone (as indicated by the red highlight), so it remains to be seen if bulls can break this resistance zone.
1H TF - Early this morning there was a DB formed right at the W 0.618 level. If I was awake then, I definitely would have taken that buy. Price moved up and broke the pivot point + the 30min & 1H EMA, indicating that price is very bullish.
Falling wedge pattern noted on the 4H and 1H TF (as marked in blue lines). These tend to break upwards, but can break in either direction.
So the higher TF's are bearish and lower TF's are bullish, meaning we do not have TF confluence (all TF's are not saying the same things).
I have already missed the buy, so I think considering the bearish indications on the higher TF's, today I will look for a sell!
I will wait until the lower TF's are also giving bearish signals and then we will have TF confluence i.e. all TF's giving bearish signals.
If that doesn't happen and price moves up, then I am happy to sit on the sidelines and wait a day or two until Nasdaq direction is clear again.
The 7am 4H candle closed with a candle body bigger than the previous 4H candle. Indicating that bulls are picking up momentum and effectively breaking the 0.618 sell fib level.
As the day progressed:
A nice DT formed at the 4H 0.618 fib level.
Entered a sell at the bottom hand icon - Confirmations:
1. Fib - 4H 0.618 fib
2. Trendline - temp uptrend broken downwards (as marked with the light blue line)
3. Market pattern - DT on 30 min TF with neckline broken down which formed at the top of the falling wedge pattern (i.e. at the downtrend line)
4. S&R - DT formed on strong S&R zone
5. Candle sticks - none
Mental SL placed at the thick pink line, which was above the highest close of the DT peak.
Price moved upwards with strength and momentum and closed a 15min candle above my mental stop and I closed my position - took a loss of 560 pips
Turned out just to be a spike upwards when the 30min candle closed red with a long wick spike sticking up.
Nasdaq can be such a bi@@tch sometimes with it's hectic spikes.
So I re-entered a sell at roughly the some level as my first entry.
Unfortunately for me, price moved up again, because the 1H + 30min EMA provided dynamic support.
I closed my position at the blue arrow, taking another loss of 550 pips.
So that's more than 1'000 pips on a full position size.
This trade would have been higher quality if the 30min and 1H EMA's were broken down too.
Then even though I had identified the red highlighted zone as a strong area of confluence for a sell (4H EMA + D 0.318 + W neckline), I took no action when price got there.
Usually on area's of interest, I would move down to the 5min TF and take a position once a price reversal pattern forms.
However, I am so used to working in a bullish environment that my brain didn't register what to do in a bearish environment.
It sound's dumb because I literally didn't click that I need to take action now. I am not used to applying my strategy in reverse.
So what I should have done is enter a sell again at the squiggly line on the 5min DT. Would have made a few thousand pips.
But would have, could have, should have.
Point is that I didn't take the sell and I do know from the past that I struggle to apply my strategy in reverse.
Lesson: Write actions directly on my chart for bearish biases.
I do take comfort from the fact that my analysis was ultimately correct (at time of writing), I just didnt find the correct entry today.
Out for the day, I like to limit my daily losses to 1'000 pips.
I know I can easily make this up and prefer to live to trade another day than trying to revenge trade.
Hope you had a better 1st day trading than me! :)
The total bullish move for the day was 3'100 pips (at time of posting)
I captured ZEROOOOOOOO % of the total move AAAAAHHHHH :(
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
NASDAQ 100 index / US 100 outlook Based on the previous week rejection of the 21742.33 zone, I'm anticipating price to come back to 21610.60 which is my daily point of interest for sell continuation (a pullback os anticipated) taking the Monday high as Inducement. But I'm looking forward to catching the pullback with the H4 POI: 21045.73 , yesterday's low as Inducement hence buying till we reach my daily poi before the sell continuation.
What's your outlook on this.
Comment let's interact
Don't forget to follow to get notifications of I drop my outlooks.
Nasdaq Intraday Review - Monday 30 Dec 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None
News - None
Directional bias - BUY, all higher TFs are bullish
Morning analysis:
M TF - Bullish, but long wick starting to appear which indicates the pressure from bears - at time of writing, wick is 7'295 pips
W TF - Potential W neckline identified. On line chart candle closes have managed to stay above upward trend line.
D TF - Price came up to retest the DT (marked with green lines) and failed to successfully break the neckline upwards. Bears stepped in and pushed back down, now (at time of writing) it seems D EMA is acting as dynamic support.
As the day progressed:
Tried a small buy position at the top hand icon, but it turned out to be a fake out and I took a small loss (+- 300 pips).
Confirmations:
1. Market pattern - DB on 30min TF
2. S&R - D EMA seemed to be acing as dynamic support
3. Trend - temporary pink downtrend line broken upwards
4. Fib - DB forming right at D 0.382 fib level
Mental SL placed at the thick pink line i.e. half the height of the DB pattern. As candles started closing below my mental stop, I closed my position at 300 pips loss.
Price was unable to break through the 30min EMA. If Nasdaq is particularly bullish or bearish, price will react to the 30min EMA.
I was wary of this when I entered and so I entered my buy with a small position, ready to scale in if price moved my way.
However, price moved down significantly, tapping the W 0.618 fib level and the D 50 EMA.
Here price started to consolidate and formed a DB on the 15min TF.
Entered a full position size buy at the blue arrow icon - Confirmations:
1. Market pattern - DB on the 15TF, with a strong momentum candle breaking the neckline upwards (marked in turquoise lines)
2. S&R - strong D S&R zone (marked in red highlight on the D chart), from which price has significantly moved at A. and B. This level acted as resistance at A. and support at B. evidencing that this level is strong.
3. Trend - The temporary downtrend line (marked in orange) was broken upwards, indicating that price is no longer respecting this downtrend and is ready to move upwards.
4. Fib - Price wicked down to the W 0.618 fib level and the DB formed just above this level. This indicated that price is not only reacting to this level but also gave a trend reversal signal (DB pattern) at this level.
5. Candlesticks - A red inverted hammer candle formed on the 30min TF, just before the break of the 15min DB. This candle is bullish in nature and shows that bulls have entered the market and tried to push price higher, but bears did not have the strength to push price down significantly past the candle open. Indicates bearish loss of momentum.
Mental SL placed at the thick pink line, placed below the W 0.618 fib level and below the candle wicks sticking out below this fib level.
Price moved up nicely and I closed my position at 1'300 pips at the top blue arrow when price made a reversal pattern on the 15min TF (DT).
YEAR END CLOSING:
After today's nice profit, I decided to close out my trading year and so I wont be trading tomorrow.
This year was my best trading year yet.
I made 72% ROI and I can't help but say how proud I am of the progress I have made.
It's been a long road, but seeing the returns slowly building is very rewarding.
I hope you had a great trading year! And if not, this is a reminder that it is possible. It's extremely hard, but it is possible. Just keep going!
All the best for 2025! :) Hope we make some good $$$$$$$$$$$$$$$ :)
The total move for the day in the direction that I was looking for was 3'118 pips:
I captured 42 % of the total move and looking at the candles, I am happy with that.
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
"US100 / NASDAQ 100 / US TECH" Indices Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Goal 🎯: 22,800.0
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Elliott Wave Analysis on MNQ: Anticipating Wave 3Hello, TradingView community! As I am exploring the Elliott Wave Theory with the Micro E-mini Nasdaq-100 Index Futures (MNQ), I've observed the potential start of a new impulse wave sequence after completing an ABC correction on Friday morning and starting new impulse wave 1 with corrective wave 2 in the afternoon. Based on this, I expect we may be entering the longest wave 3, aiming for a target of 22,800, supported by the 161.8% Fibonacci extension.
This target for wave 3 I chose for its typical strength and reach. The 12/18 liquidity level is critical here; a breakthrough could indicate strong buy-side support, confirming the bullish trend. I used Fibonacci levels to manage potential pullbacks and determine profitable exits 1 and 2. Additionally, monitoring market structure shifts helps validate the continuation of the upward trend.
I am eager to hear your thoughts or corrections on this analysis, as I am still grinding my skills in applying Elliott Wave principles effectively.
We already bottomed, you just don't know it yet! NASDAQ:QQQ
We already bottomed, you just don't know it yet!
Daily Chart analysis:
A look back at 2024 shows us that every time we have come down to the Green support line on the Wr% we've bounced hard all the way back up to the red barrier.
It coincides with every time we've went below the 9ema that this occurs then we rocket back up. This time could be different but what I'm seeing on the weekly chart as well it doesn't look like it to me as we've already rebound back above the 9ema to this point.
I'm just a nerd who loves all things stock market, I'm no oracle but from my TA and my GUT we should bounce hard heading into the new year and back up to ATH's in January friends!
Not financial advice.
NVIDIA | 4 HOUR TIMEFRAME | STOCK TRADINGHello guys, I made NASDAQ:NVDA analysis for you. For this kind of analysis, please value my analysis with your likes Thank you very much to everyone who supports me by liking
SIGNAL ALERT
BUY NVIDIA 137.26 - 134.44
🟢TP1: 140,90
🟢TP2: 144.90
🟢TP3: 150.90
🔴SL: 128,03
Stay with love guys.
Below is a quick, high-level read on what the chart suggests for1. Recent Downward Momentum
Price has clearly dropped from a swing high (around the mid‑21,400s to 21,480 area) and is now trading in the low 21,300s.
The series of lower highs on the way down suggests near-term bearish pressure or at least a corrective pullback.
2. Key Support Zones
There’s a notable support band around 21,280 – 21,250 (green boxes/lines on your chart). This area appears to have propped the market up once already.
Below that, the next region of interest is near 21,200 – 21,180, which may act as a secondary support if the first zone fails.
3. Overhead Resistance
Near-term resistance looks to be the 21,360 – 21,400 zone. The market rejected in that region not long ago.
A break and hold above 21,400 could indicate buyers are regaining control, potentially setting up a run toward prior swing levels in the 21,450–21,480 range.
4. Volume Profile Observations
There’s heavier volume around the mid-21,200s and again in the upper 21,300s/21,400 region. These are likely to remain “hot spots” where price may stall or pivot due to heavier trading activity.
The 21,250–21,280 band also shows a fair amount of transactional volume, reinforcing that support zone.
5. Short-Term Bias
As long as price stays below the 21,360–21,400 ceiling, the immediate tilt is mildly bearish or consolidative, leaning negative.
If bulls manage a strong push above 21,400, it would suggest short-term buyers are stepping in; failing that, watch for a retest of the 21,250 zone or potentially the 21,200 handle.
Bottom Line
Short-Term Bearish Bias: Lower highs and a clear downward swing off recent highs.
Immediate Supports: 21,280 → then 21,250 → deeper support near 21,200.
Immediate Resistances: 21,360 → 21,400 → beyond that, 21,450+.
Keep an eye on how price reacts at those volume-rich zones—if momentum breaks above 21,400, that could quickly shift sentiment more bullish in the immediate term. If support near 21,280/21,250 fails, expect a further leg down.
HAPPY HOLIDAYS! Stock Market Weekly Preview: Dec. 23rd 📊Stock Market Weekly Preview: Dec. 23rd
NASDAQ:QQQ AMEX:SPY AMEX:IWM
In this video, we’re talking about:
🔹Stock Market & Overall Forecast
🔹Lessons Learned this past week
🔹Technical Analysis: H5 & Williams CB
🔹Current Trades
P.S. I'm getting coal for XMAS because I lied about it being a short video. 😅
Let’s dive into this Holliday Week! 👇
Intraday Levels for Nasdaq 100 Futures - 12/20/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nasdaq Intraday Review - Thursday 19 Dec 2024I 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 +- 5:30 am GMT (00:30 am EST)
Economic news - None - FOMC on Wednesday night
News - None
Directional bias - BUY
Note: Did not trade FOMC on Wednesday, because generally I don’t like to trade news. For me, it’s more of a gamble than a situation where I can stack the probabilities in my favour.
Morning analysis:
FOMC reaction was huge, with price plummeting through the floor.
4H and Daily fib levels were all smashed. The last remaining fib level in the morning was the W 0.618 fib level.
A huge DT had formed on the D TF (marked in green lines). D neckline was broken down and price had travelled to the profit target zone (as marked by the green vertical line).
Price had touched the W 0.618 fib level and moved back up, showing a strong reaction to this last line of defence for the bulls.
In this case, because price had reached profit target, I was looking for a buy.
If price had not yet reached profit target, I would have been cautious with a buy because I have noted how respectful Nasdaq can be of profit targets.
It is normally the case that price would re-test the neckline of the market pattern just broken, once price has reached profit target, so I felt confident with a buy.
As the morning progressed a falling wedge pattern started forming (marked with blue lines). These usually break upwards, but can break either direction.
Price broke the pattern upwards and I entered at the lower hand icon.
Confirmations:
1. Market pattern - Two market patterns where at play here. A falling wedge broken upwards + DB on the 1H TF with the neckline (drawn in orange) broken upwards.
2. S&R - Market patterns where forming at a weekly S&R area.
3. Trend - Buy is in the same direction as the overall market trend. DB was forming right at the uptrend line area on the bigger timeframes (marked with the diagonal red line). Temporary downtrend line of falling wedge broken upwards
4. Fib - Long wick candle spike down to W 0.618 fib level
5. Candlesticks - Long wick candle showing a strong reaction to the W 0.618 fib level.
Mental stop was placed at the thick pink line, i.e. half of the height of the DB.
Price moved up well.
Now for setting TP's.
Setting take profit in these situations is difficult. Usually, I would use the fib level that I entered on, to provide guidance as to TP1 and TP2 (fib extensions).
But in this case, we are not in a trending market and aiming for the Weekly TP (because that is the fib level at play here) is too ambitious.
The highlighted green areas are very strong sell areas of confluence. I set these two areas as potential take profit zones.
Depending how strong bulls are, they may push all the way to the D neckline and push through, or they may just touch an EMA or sell fib level and price reverses downwards.
I have left a lot of money on the table in these scenarios before, by just assuming bulls will break the D neckline back upwards. So was determined today to learn from my past mistakes.
I ended up taking partial profit at +- 1000 pips, because I didnt like the strong reaction to the 30min EMA. With Nas, if price is VERY bullish or bearish, then price will react to the 30 EMA. So the fact that bears were so prominent at the 30 EMA, made me want to lock in some profits.
Price continued to move up and had a strong reaction to the D EMA (where it was at that time in history). Price had not even reached the area of sell confluence marked in green, and we were seeing a strong bearish push. Decided to take profit again at the top hand icon (+- 1'700 pips) and leave a runner open.
Runner got taken out at entry when price came tumbling down.
I am happy with my take profit decisions. This was the first time that I capitalised correctly on the move I was looking for.
I feel this proves the value of screen time and really trying to make sense of how price is reacting in various situations.
You may feel no progress at first, but in the long run, you will slowly start handling situations better and better.
Looks now like the market has turned bearish.
Weekly EMA and fist W fib level are very far down. Uptrend line on high TF's is also broken.
The buy wont just happen in a heart beat (in my opinion). Price will first start consolidating as bulls build strength and momentum and make a reversal pattern on the higher TF's before truly making a big move up.
Hope you had a good day! If you were in with a sell on FOMC, its caviar and champagne for the holiday season! ;)
Stats:
The total bullish move for the day was 2'572 pips:
I captured 66% (1'700pips) of the total move - Happy with that!
Abbreviations:
TF = timeframe
TP = take profit
1H = 1 hour
4H = 4 hour
D = day
W = week
M = month
S&R = support & resistance
H&S = head & shoulders
EMA = exponential moving average
SL = stop loss
Intraday Levels for Nasdaq 100 Futures - 12/19/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Nasdaq 100: Make-or-Break Trendline SupportChart Analysis:
The US 100 Index has pulled back from recent highs but remains above its rising trendline (black), maintaining the broader bullish structure.
1️⃣ Rising Trendline:
The trendline, originating from the August lows, has been a key dynamic support for the index. Price is currently testing this level around 21,150, making it a critical area to watch.
2️⃣ Moving Averages:
50-day SMA (blue): The index remains above the 50-day SMA at 20,818, confirming short-term bullish momentum.
200-day SMA (red): Positioned at 19,438, reflecting a long-term bullish trend.
3️⃣ Momentum Indicators:
RSI: At 51.88, signaling neutral momentum, giving room for the index to either bounce or consolidate further.
MACD: The MACD line has turned downward, suggesting weakening bullish momentum but no decisive bearish crossover yet.
What to Watch:
A bounce from the trendline could signal a continuation of the uptrend, with immediate resistance near the recent highs around 21,600.
A break below the trendline may shift attention to the 50-day SMA or the 20,800 level for potential support.
The US 100 Index remains within a broader bullish structure, with the rising trendline acting as a critical support level for near-term price action.
-MW