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Nasdaqanalysis

Nasdaq: Get Down to Business!Or rather get up to business as that’s the direction to go for Nasdaq. The tech-index should move above the resistance at 13583 points to complete wave i in magenta at about 1500 points before starting a countermovement downwards to finish wave ii in magenta. However, as long as Nasdaq has not made it above 13583 points, we still must allow for our alternative scenario, which would come into play if the index were to fall below the support at 11491 points.
CME_MINI:NQ1!
by MarketIntel
Did NASDAQ potentially hit bottom?!NDX just hit and bounced off a major support level. Over the last 18 years, as shown in the chart, this support level has proven to be a historical pivot point for the Nasdaq index. As per the attached chart image, every time the index hit this support level (150 MA on weekly candles), it has bounced off the moving average, and reversed into either short term or long term bullish trend. You can watch our full video explaining this by clicking on the link below. In addition the Stochastic indicator is telling us that the NDX is oversold and overstretched, and is due for a rebound rally at minimum, or potential change to a bullish momentum.
NASDAQ:NDXLong
by BojanCerberus
NAS LONG TERM DROPNasdaq is currently in a heavy bearish market and has no signs of stopping. I am looking for NAS to continue dropping down to hit the trendline sometime during August. It should cover 50% of the COVID crash which is almost equivalent to a 50% drop from the highs. After that target is reached, I will be looking for buys on NAS all the way to 20k. Trade safely and risk only what you can afford. This is not financial advice. PM me if you have any questions.
OANDA:NAS100USDShort
by Turtlesoup_Maestro
Nasdaq: Dabbling in the Water 💦Nasdaq is looking for refreshment and thus is dabbling in the blue stream between 12317 and 11600 points in the sandy yellow river bed between 12894 and 10501 points. The index should dive a bit deeper into the water now to finish wave v in magenta just below the mark at 12100 points, but it could also decide to leave the river directly. In both cases, Nasdaq should subsequently rise above the resistance at 13583 points to complete wave i in magenta between this mark and the next one at 16569 points. Afterwards, the index should approach 13583 points again to end wave ii in magenta. However, there is a chance that Nasdaq could emerge from the river on the other side and drop below 11600 points.
CME_MINI:NQ1!
by MarketIntel
Why did the Nasdaq Index fall 5% on Thursday?The Nasdaq Composite Index, the benchmark for technology stocks in the US, fell to its lowest level since November 2020 on Thursday, May 5, which can be attributed to a number of factors, including lacklustre earnings from e-commerce firms like eBay (NASDAQ:EBAY) and macro-economic factors like the Federal Reserve's monetary tightening. The index fell 4.99% on Thursday to 12,317.69. The sell-off came amid a dismal performance by the overall US stock market, with the Dow Jones Industrial Average also shedding 3.12% and the S&P 500 slipping 3.56%, its second-worst since the start of the year. Calm before the storm Prior to the drop on Thursday, the Nasdaq rose 3.19%, its biggest gain since 2020. The S&P 500 likewise rose 2.99% that day, also its biggest in about two years. The Wednesday rally came as the Fed hiked interest rates by half a percentage point, which was widely expected by the markets, and as Fed Chairman Jerome Powell said, the central bank will not be considering a more aggressive rate hike in its future meetings. The rate hike last week marked the Fed's first 50bp hike since May 2000 as the central bank seeks to ease-into the taming of red-hot inflation and a tight labor market. Aggressive rate hike unlikely A "75-basis-point increase is not something the committee is actively considering," Powell said Wednesday last week during a press conference after the Fed's monetary policy meeting. The appetite for US equities on Wednesday was spurred by this and Powell stressing that the economy is resilient and is well geared to withstand tighter monetary policy. The optimism boosted the shares of Apple (NASDAQ:AAPL) and Google parent Alphabet (NASDAQ:GOOGL), both rising more than 4%. Swift reversal However, the next day, Apple tumbled 5.6%, while Alphabet slumped 4.7% amid a tech sell-off that dragged on Wall Street and sent the Nasdaq plummeting at the sharpest rate since 2020. Amazon (NASDAQ:AMZN) also sank 7.6%, while Tesla (NASDAQ:TSLA) fell 8.3%. Tom di Galoma, managing director at Seaport Global Holdings, said there was no reason to buy the dip in equities with more tightening underway and "because it doesn't look like inflation is going anywhere". Deutsche Bank strategist Jim Reid warned that the market slump on Thursday indicated "that there must be an element of doubting the ability of there to be an effective 'Fed Put' in this cycle." However, ING Bank economists said sharper interest rate increases could lead to a greater risk of an adverse economic reaction. Interestingly, talk of an economic slowdown in the UK (in conjunction with a rate hike by the Bank of England) directly proceeded the sharp sell-off on May 5. Sell-off continues this week This week, the Nasdaq Composite Index has continued its downwards trajectory, falling another 4.29% on Monday, May 5. The Index is now at a 13-month low. On Monday, some of the worst performers include the aforementioned Amazon, haemorrhaging another 5.21%. Even more so, weighing on the index were Tesla (NASDAQ:TSLA) and Rivian Automotive (NASDAQ:RIVN), plunging more than 9% and 20%, respectively.
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by BlackBull_Markets
NASDAQ: Bloodbath ..?Prices seems like approached strong Demand Zone at 12200 and also trapped in Bullish Flag inside another Bullish Flag. We might see some retracements from current Demand zone but NASDAQ is already entered in Bearish Trend. So better to look for Short Entries. Proper Shorts entries will be active after breaking 12000 critical zone. Once Broken, look for retest and take entry. Keep in mind the current Fundamental impacts including Russia- Ukraine war, interest rates, inflation also we've got chances of RECESSION up ahead.
OANDA:NAS100USD
by wickywicks
Nasdaq: Red remains the theme!Nasdaq Intraday - We look to Sell at 12707 (stop at 12947) Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 12700. Trading has been mixed and volatile. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies. Our profit targets will be 12042 and 11988 Resistance: 12700 / 13000 / 13500 Support: 12000 / 11800 / 11500 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
NShort
by VantageMarkets
Nasdaq Possible FormationHere we see the formation of an imperfect plate with a minimum target of 138.2% of the B wave and a maximum target of more than 161.8 B wave, which will actually be a drawn flat C. Since the flat C is most likely part of a triangle, we have to wait for the formation of the next components of a triangle. Due to economic conditions, we can not expect the formation of strong contraction triangles. Of the 18 types of triangles available, reverse triangles can be Contraction and reverse expansion thought. One of the most pessimistic scenarios is drawn in the figure, in which case we will not see a new ceiling in the market. In the case of forming a neutral contraction reverse triangle, the previous or slightly higher ceiling will eventually be formed.
TVC:NDQ
by ManS-Investing
NAS100 reversal - playing through support/resistance levels1) 13850 support held and downtrend broke 2) 14350 resistance held temporarily 3) Price broke up towards 0.618 fib retrace level where it rejected. 4) 14350 then acted as temporary support which broke 5) NAS100 is trying to bounce/find support around the previous 13850 support level. If the 13850 level holds I think over the next couple of weeks we will make our way back to test the 0.618/0.702 fib retracement levels. If the 13850 level breaks I think that we will move down to 13000/13100, which could be seen as a pullback to the broken trend-line. However, a HTF close back below this trend-line will change my medium term view to bearish. Today's US CPI release / tomorrows PPI release will likely provide the volatility required to break this level or bounce from it. Short-term view: Neutral Medium-term view: Bullish (new ATH in coming months) Long-term view: Bearish (stock market crash within the coming year(s))
OANDA:NAS100USD
by quyverlander
Nasdaq: Recharging the Battery The massive increases in the past few weeks called for a short breather, and that’s why Nasdaq is taking a few days off to recharge its battery. For this purpose, it has been chilling in the green, which here is the green zone between 14579 and 14366 points. Currently, it seems like the Nasdaq is not quite sure about how long the short break should last but we are expecting that the index should complete its wave in turquoise and wave 4 in green in this area soon. Next, the Nasdaq should continue the overarching upward movement. The next step is to reach the resistance at 15269 points, which the index should pass by on its way to new all-time highs.
CME_MINI:NQ1!Long
by MarketIntel
2
Nasdaq: Way to Go!Nasdaq seems to profit from spring fever if its upwards push is anything to go by. The tech index is putting its last low further and further behind, heading for the resistance at 15152 points. We expect it to cross this mark and to continue the ascent above the next resistance at 16569 points – if it can keep up the current momentum. However, if nasdaq can not sustain its motivation and drops below the support at 12942 points, our alternative scenario becomes more and more likely. There is even a 30% chance that the index could fall below 12722 points and deeper into the yellow zone between 12894 and 11698 points.
CME_MINI:NQ1!Long
by MarketIntel
1