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Nasdaqcomposite

Nasdaq Composite Target 9800 in months, Target 19-30k in 2024 Nasdaq Composite is going through Wave 3 of the primary Wave 5. As often happened in the fibonacci channel which started from September 2011, IXIC will very likely rally up to 9800, to the top line of the channel in February or March. From there it will possibly drop to 9200, rise again to 10000, down again, rinse and repeat a couple of times, providing abundant opportunities for 'swing' style investing. IXIC will very likely rise parallel and very close to the top fibonacci channel line through 2020, but 2021 might be some kind of bearish year. 2021 is a major trough according to the Benner cycle, which also successfully predicted the bottom years of 1987 and 2003. Similar to the (not always accurate) rule of alternation in Elliott Wave theory, there seems to be a constant alternation between 'panic' and 'recession'. 1987 was a year of panic, the stocks dropped quickly and sharply, but rebounded very fast. 2001-2003 were years of recession for the technology sector, with relatively long lasting effects. Therefore we could assume 2021 would be another year of panic, sharp and quick price movements both up and down, but the big picture remains bullish. This predicted major trough also coincides with the intermediary Wave 4 of the primary Wave 5. Wave 5 of the primary Wave 5 could start in later 2021 and finish in 2024 between 20000 and 30000, thus finishing the very long overall bullish trend from 2009, forming the Wave III on Cycle level. 2024 is the bearish year indicated by USA demographic trends, but 2025-2040 will be very bullish. Basically USA stock markets rose very quickly in the 1990s because significant amount of money was pouring into the stock market, which in turn is due to the fact that the age group between 45 and 64 was growing very qucikly, and this group typically has more excess cash and credit to spend in the stock and property market. 2025-2040 will see the USA age group of 45-64 grow quickly too, fundamentally between 2025-2040 there is good base for USA stocks to perform even better than 2010-2020. The predicted bearish market between 2024 and 2025 or 2026 could be interpreted as Wave IV, alternatively it could still be part of Wave III, and Wave IV would only arrive in the late 2030s. It's still too early to be sure about how Wave IV of the great cycles from 1974 would lay out, because we are still in the early or middle stage of Wave III
TVC:IXICLong
by MarcusAu
2
NASDAQ Technical analysisFor weeks, stock investors have been riding the waves of positive chatter on the trade deal, better-than-expected earnings, and a third rate cut by the Fed, to record highs. But please remember that it’s a two-sided game. The same events that drove indexes higher may be signaling they are ready to take back some of those gains. Looking ahead notable earnings reports today include Lowe’s and Target. Speaking technically, a sustained move above 8,340 will indicate the presence of buyers. This could trigger a rebound rally later in the session with the first target 8,360.00. This is a potential trigger point for an acceleration to the upside. A convincing move under yesterday's low 8,308.30 and the trend line of support will signal the presence of sellers. The first target is 50-day SMA on 4-hour chart at 8,119.4. A clear break under it will change the main trend to down. This could trigger a further break to the next bottom around psychological 8,000 support. Take in mind, that there also is located Ichimoku cloud. Our advice is to start looking for value areas and to try to avoid investing on the fear that you are going to miss a major rally. Signs of slower consumer spending, a pause in rate cuts and unstable trade negotiations are not reasons to chase stocks higher.
TVC:NDQ
by ForexTrendline
Nasdaq Composite rallying up, target 9600 in December or January It looks like IXIC is ready to break above historical all time high and rally significantly to the 9000s in the last quarter of 2019. The semiconductor index has already broken above the ascending triangle, next target is 2000 in a couple of months. However, if Nasdaq Composite fails to sustain this rally it might drop and retest the 8000 support. If it holds 8000, IXIC will form an ascending triangle formation just like the semiconductor index, eventually it will rise and challenge 8400 again. Long term picture is very bullish, some people say there is a severe bubble but the average market earnings ratio is nowhere near the monstrous high of 2000, therefore it's safe to say the long term bullish trend will continue for another couple of years at least. Assuming IXIC will rise 18-19% per annum like it did from 1974 to 2019 on average, we will see it going to the 20000s in 2024. There are some leveraged and non-leveraged ETFs to buy, forming a relavtively safe and profitable scenario. In the most optimistic scenario, IXIC might break out of Wave 3 ascending channel and test 30000 resistance in 2024. In this case the technology stocks might rise in a similar fashion to the late 1990s and become a real bubble in the next 5 years.
NASDAQ:IXICLong
by MarcusAu
1
NASDAQ 100 SHORT 1 HR Chart 23.10.Hello to all watching my charts. Today i come back to my NASDAQ Future which is in SHORT mode at the moment since yesterday, There it has been a break of the major up long trendline and after that a break of the major support at 7940 Since then we are SHORT First sign of strength should be a climb above the upper shortttime trendline of my system at nearly 7875 at the moment and also a climb above the small resistance from today at 7880 If not Short is still the play. Good trades If you want to support my work please like them... and if you want to know more about my trading style please send my a boardmail. Renkotrade
CME_MINI:NQ1!Short
by Renkotrade
QQQ/EWG: Merkel gave us green light, short Germany and long QQQThis potentially a very rewarding pair trade. You can enter shorts in Dax (either via CFDs or using the EWG etf) and longs in Nasdaq composite (CFDs or via the QQQ etf), risking 1 time the monthly average true range (but using no stop - the idea is merely to size the trade based on volatility). This is potentially a long term trade, and a good way of gaining short exposure based on fundamentals without being solely short Deutsche Bank or Germany. Good luck, Ivan Labrie.
NASDAQ:QQQLong
by IvanLabrie
8