Nasdaq- I'm more bearish than 2 days agoIn my weekend comment, I said that I'm bearish Nasdaq and I expect a drop sooner rather than later, and looking at the daily chart after yesterday's vaccine news I become more bearish.
After the hanging mean which concluded last week's run, yesterday we have a very aggressive reversal day that engulfs all Friday's rise and this for me is a clear signal that bulls lost control, vaccine, or no vaccine.
I will look to sell above 12k figure and as a target, I look for 11k zone but I wouldn't be surprised if it drops to 10k in the medium term
Nasdaqanalysis
NAS100- Weekly Review What a week it has been guys we saw some really big moves in the market that we dont usually see due to the election. This should have been a great opportunity for all traders. For myself trading couldn't have been any easier because the market was going one way. I made profits this week that are alot more than average due to this volatility. Biden has beat trump, Cant wait for tomorrow to see where this market is going
Weekly NASDAQ Pip Review
Monday: +244, -40(SL)
Tuesday: +225
Wednesday: +127, +245, -50(SL), -40 (SL)
Thursday: +204, +100
Friday: +165, +166
Blues: +1476
Reds: -130
Total: +1346 Profit
Total NAS Trades: 11 Trades: 8 Win, 3 Loss
Have a wonderful weekend guys!!!
Nasdaq where to?The election week was a strong one for Nasdaq, with the price rising and managing to close above 12k.
Now the index is facing resistance and a strong sell zone so we can see the price rolling back to 11k.
On the other hand, a daily close above the previous top would put bulls in control and we can see the technology index making new all-time highs.
That being said, I will look to sell with a tight SL and a 11k target which can have a 1:5 R:R
NAS100 Analysis NAS100- Analysis
Hi Guys. Hope you all have a great time trading. This week the market has given some amazing opportunities, we had some very big moves and alot of volatility. Lets have a look where this is going now.
So we had a double top last night and now the market is at the bottom of the trend line. Nas is having a pullback and how deep this pullback is we cant be certain so iv put key levels where the pullbacks may come to. It can be a small pullback to 11881 or a medium pullback to 11525 or a deep one all the way to 11310.
I think if we continue as we are, we can eventually see a new high of 12500.
Have a great day trading :)
NASDAQ - BIRDS EYE VIEW - 5 Waves Since 2009 Just About Done.In my previous idea linked below I outlined Wave v (stretched out zig zag in detail) so you can check that out. (related ideas)
The move up since 2009 has been an ending diagonal Wave C.
If you look at the monthly RSI you will see the weakness behind this move.
Wave v cannot be longer than Wave iii which is why this one is close to topping out.
If you zoom in on the waves it becomes clear that these are not 5 wave advances.
Each wave is moving up in three waves. Waves iii and v are stretched out zig zags which is an AriasWave discovery.
Stretched out zig zags are indicative of extreme stimulus, jawboning, low interest rates and mania.
Want to know about interest rates? I have linked that idea below also.
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NASDAQ,- Tracking The End Game Final Wave TopThis stretched out Zig Zag with an expanded (B) looks like it is almost done.
The B Wave within the (B) wave was the main culprit driving this monster rally.
This thing just needs to pop up to make one more all time high before the pattern is complete.
A break of the red trendline should signal the end.
This is also the end of wave v since 2009 but the pattern is not what you think.
I will post a separate chart depicting my bigger picture view.
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NASDAQ'S BREAK BULLISH NOW, OR NEVER!As long as the price remains above the yellow trendline I will be happy to buy the NASDAQ.
This week has literally shown how uncertain the collective is around the current affairs.
I am awaiting a break and retest of the counter trendline, to ride it all up until the this years highest high. The D1 FIB target still remains the same as the price has continued to respect the 0.618 retracement despite the multiple bearish rallies throughout this week.
Elections are coming up. Exciting times.
Good luck and profitable upcoming week to all!
BULLS ON NASDAQ CONTINUEThe NASDAQ has created a cone-like bullish channel.
The price has retraced at 0.618, making the target set at 0.618.
RED retrace = RED target
I foresee an inverse H&S pattern. My strategy is buy the NASDAQ once it breaks and retests the counter trendline.
My first TP point will be at the all time high of 12466.6. I will wait for a further break of this price before I buy to wards the FIB target of 0.618 (12911.9)
DOW VS NASDAQ VS 10YR BONDS VS ARIASWAVE - The Final VerdictThe world is changing faster than we can adjust and this is the reason.
In this video I give you the conclusion of years of research finally coming together, just in time.
To understand these markets without AriasWave is like driving in pitch black darkness with no lights on.
Let the show begin.
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NAS100 Analysis NAS100 Analysis.
The market is still consolidating. When a market is consolidating you can still trade inside the box. There is still good pips to be made. This consolidation range is around 150 pips. However the best way to trade these are to wait for the break!! And it required patience.
So what can happen when it break. If it breaks down it can hit 12000 as a fake break out and go back up and break upwards. or it can carry on bearish by breaking 12000. As for the bulls break of 12260 to carry on.
Bulls Target: 12400- 12800
Bear Targets 11838- 11618
NASDAQ'S CHANNEL HELD STRUCTURE FOR LAST BULLISH PUSHThe recent bullish structure has held firm for the last bullish push before the potential sell off at Septembers highest high.
Market sentiments remain unsure on how to react towards the Apple IPhone 12 news amid the upcoming elections, recent talks around the stimulus package, and President Trumps conditions.
The market has seen a rapid climb since the opening this week, so todays uncertain direction was much needed to allow a stronger support for the final push towards NASDAQ's highest price ever recorded.
The Nasdaq Volatility Index VOLQ has moved in conjunction with the NASDAQ for the past 24 hours, which signals a potential drop in price, based on the findings of the relation between volatility indexes and the respective index. The VOLQ has a negative correlation of roughly 80% with the NASDAQ, so the exercised positive correlation of 20% causes this view, in addition to the findings.
Either way, I foresee a break and retest of the counter trendline and the final move to the H1 FIB target of 12414.2.
NAS100- 4Hr chart Analysis NAS100 4hr Chart Analysis
On the 4hr i have marked the 12400- which i analyzed on the daily. We need a break here to continue. However if we dont, i have highlight few scenarios what can happen. We need a break of our S/R to get to the next level. So follow the arrows alongside with the S/R to help you.
NAS100- Daily Timeframe analysis NAS100 - Daily TF Analysis
We are back at this crucial point in Nasdaq. We require a break of the trend line and the 12400 resistance for the bulls to continue. If we do break then our target is 12800- A New high. However if it fails we can see it come down to any of the previous supports for a pullback or a bear takeover!!!
NASDAQ100 TUESDAY TECHNICAL UPDATEWOW Traders,
What an amazing day we had with Nasdaq100 yesterday.
Well today is nothing much different. If nasdaq has a pulllback to 50% and 61.80% of the Fibonacci, then we will enter into more Longs. What do you think ? Comment or agree Followers. If not we will keep our Long profits locked and keep building into our champions TP4.
Anyway followers, take care and have a profitable Tuesday.
Cheers to Your Profits !!
Still buying NASDAQ- Hedge with shorting other indices!Nasdaq = Technology = POWER
We are still bullish on the NASDAQ and expect it to rise up until it tests crucial resistance at 12,150 level. If it breaks that level it can go for new records.
TRADING IDEA: HEDGE - BUY NASDAQ SELL DJ30 and EU indices