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Nasdaqcomposite

Election Volatility Shakes Up US MarketsS&P 500 ● The index retreated from its all-time high of 5,880, initiating a downward trend. ● A breakdown below the Rising Wedge pattern has been confirmed. ● Key support levels to watch: ➖ Immediate support: 5,670 ➖ Strong support: 5,400 Nasdaq Composite ● The index has hit an all-time high near the 18,750 level before beginning to retreat. ● After breaking through the trendline support, the index is currently hovering slightly above the next immediate support level. ● If it dips below this support, we could see a significant drop, potentially driving the index down to the 16,670 level. **This market volatility is consistent with historical trends during US presidential election years. The 2024 election is particularly unpredictable due to conflicting economic indicators and potential delays in results.
SP:SPXShort
by NaranjCapital
US Markets Demonstrate Confidence Despite Election JittersThe US markets are currently demonstrating a bullish sentiment, despite concerns surrounding the upcoming election. All major indices, including the S&P 500, NYSE Composite, and Nasdaq Composite, have formed a bullish Cup & Handle chart pattern and have subsequently broken to follow an upward trend. While the S&P 500 and NYSE Composite have reached new all-time highs, the Nasdaq Composite is close to its highest peak, further reinforcing the positive market outlook. 'This overall bullish sentiment suggests that the upward trend in the US markets is likely to continue, even in the face of election-related uncertainties.
SP:SPXLong
by NaranjCapital
3
NASDAQ Composite - The Momentum Will Continue Till 19,250(1) After a notable increase, the price reached the 16,200 level before facing a sharp decline of approximately 37%. (2) Following this, the price found solid support near the 10,150 level and started to climb again. (3) After a two-year consolidation period, the price finally broke through its resistance level and surged upwards. (4) A Cup & Handle pattern emerged on the weekly chart, suggesting a continuation of the upward trend. (5) Currently, the price is at its all-time high, nearing a potential resistance level around 19,250.
NASDAQ:IXIC
by NaranjCapital
SPX500 needs a rest. obviously, the overall trend of SPX and all other indexes is bullish. but, as all of them has stretched from their key moving averages, I expect a correction and I hope it will be in shape of a continuing base instead of a sharp pullback. it can be a new chance to buy the proven leading stocks. So, I see the market in neutral or even negative for very short-time and a strong bullish long-term trend. Friday daily candle and its volume helps this scenario.
SP:SPX
by asharifan
6
🟥 NASDAQ's Deceptive Rally MARKET OVERVIEW: 📈 The NASDAQ Composite index seems to be in a buoyant mood, painting a rosy picture of the overall market. However, upon closer inspection, it becomes evident that this rally is highly concentrated and powered primarily by the FANG (Facebook, Amazon, Netflix, Google) stocks. In fact, the large market caps of these tech behemoths are heavily skewing the index, making it appear as if the entire market is thriving, when in reality, it's only a select few stocks that are soaring high. DIVERGENCE: THE REAL CONCERN 🚫 The true concern lies in the divergence between the NASDAQ Composite and the market participation line. The former is marking a higher high, while the number of stocks above their 200-day moving average (a common benchmark in technical analysis) is making a lower high. This indicates that a significant proportion of the market is underperforming, even as the index itself continues to rise. Currently, about 2/3 of the market is trading below their 200-day moving average, a situation eerily similar to what we witnessed in 2021. IMPLICATIONS: A SHORT-TERM WARNING ⚠️ This divergence presents a short-term ominous sign for traders and investors alike. Buying into a market where only a fraction of the stocks are driving the rally while the rest are struggling could potentially lead to considerable losses. It's imperative to interpret the NASDAQ Composite's performance with a pinch of salt, keeping in mind that it is not reflective of the broader market's health. CONCLUSION: PROCEED WITH CAUTION 🚦 In conclusion, despite the NASDAQ's apparent strength, the market is exhibiting a deceptive rally. The majority of stocks are not participating in this upward momentum, which is a significant cause for concern. It's recommended to approach this market with caution, and consider this divergence when making investment decisions. It's not a market scenario you would want to blindly bu​y.
NShort
by TintinTrading
Wait for a pullback before going long. How to seize the trend in this market? It is to follow the trend. When the trend comes, an invisible force pushes you forward. Currently, the stock market is expected to continue to rebound as the pace of interest rate hikes has slowed. However, with a return rate of around 5%, there is limited upside for the stock market to rebound significantly. Therefore, it is recommended to continue buying the dips in the Nasdaq at the 12,000 level. Short positions are not currently recommended as global stock indices are rebounding, and market sentiment has not reached the point of being extremely bullish. Following the trend is still the main strategy, as the Nasdaq has not rebounded as much as the Hang Seng and European stock indices, which had huge declines last year. It is important to prevent the possibility of it not rising when the news becomes clear later on, as there may still be opportunities for 500 to 800 point moves. Specific strategy: Wait for a pullback to the 12,000 level to go long. Follow me to make trading simpler! SKILLING:NASDAQ
ULong
by Ice_and_Fire1
Nasdaq Composite dropping. IXICIt is appearing to be doing so along with the other major indices and there is plenty of data to speculate that the drop will continue technically and from a valuation standpoint. How low are we going? No one knows, but we have charted a few goals reasonable to us. A book can be written on how we derive the goals, so we won't bore you now. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
TVC:IXICShort
by Rykin_Capital
WORST yet to come. Crypto's bubble bursting? Maybe.Disclaimer: This is a Newbie analyses with no past Experience! Don't get me wrong, I love everything about Crypto and appreciate being alive to witness this astonishing technology. Some people have made fortunes, others lost fortunes and salute to those STILL HODLING. 2020-2021 was INSANE, everything was hitting the roof, people invested pennies and got rich. But this time its different, this year is different, I mean BITCOIN BTC is down 53%. I CAN'T help but to think that we are witnessing something similar to the DOTCOM Bubble of the 90s. Where: -Money was everywhere -New start-ups were emerging everyday, -Hell, NASDAQ reached 5048, at its peak, then plummeted to 1114 in Oct 2002. Similarly, -Money was everywhere in the Crypto space, -People made 100x-1000x-10000x on their investments. -A dozen of new projects are emerging every single day. - BITCOIN soared all the way to 65k USD in 2021, and now potentially it might bottom out to 11k-12k zone. All this, with what the world is witnessing, GLOBAL WARS, RECESSION and INFLATION, I think we are at verge of CRYPTO's bubble bursting. However, it is not all bad news, if this scenario is executed, then after the crash, only the strong, most promising and solid projects will SURVIVE. NOTE: For further observation, open the NASDAQ Composite MONTHLY chart, set the year between (1995-2003), and compare it to CRYPTO's Total (2018-2022). This is not a financial advise! Please comment your ideas about the analyses. Appreciate your constructive comment and feedback in advance.
BITFINEX:BTCUSDShort
by ashurbanipalcrypto
$QQQ Analysis, Key Levels and Targets. $NDX $TQQQ$QQQ Analysis, Key Levels and Targets. I actually trade $TQQQ which is why I track here… I’ll post again when target gets closer and it might be soon or not, but it’s coming… stay tuned… GL —————— I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on you. Check out my ideas, but also do your own due diligence. I have a huge tolerance for volatility so please know that. If you’re new to my trade setups please try them on a small scale first. Then go in with a risk you’re comfortable with. I am not a bull. I am not a bear. I just see what I see in the charts and I don’t pay too much attention to the noise in the news. If you want me to analyze any stock or ETF just leave me a comment and I’ll do it if I can. (If I have time) And most importantly… Have fun, y’all!! (\_/) ( •_•) / >🚀
NASDAQ:QQQShort
by SPYder_QQQueen_Trading
9