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Nasdaqfutures

Nasdaq 100 - Price target for QQQ at 290 USD, 280 USDOn 11th August 2022, we stated the market was at its peak and due to reverse. Since then, the market has fallen more than 10% and reached our price target for QQQ. Furthermore, since fundamental and technical factors have not changed, we have no reason to change our bearish view. Accordingly, we maintain the price target for NQ1! at 11 000 USD. Additionally, we would like to set new price targets for QQQ at 290 USD and 280 USD. We sound a strong warning of impending acceleration in the selloff. Illustration 1.01 Illustration 1.01 shows the daily chart of QQQ, which is down more than 10% from its peak on 16th August 2022. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
20
its not crashing, but its not popping either (us100)if were staying over 14700 and breaking 14875 id imagine its safe to stay long the index aiming for 15200. if we break thursdays low id imagine its safe to buy puts aiming for 14040. i dont think theres much rocking the price either direction, even with traders up in arms about this or that this week. most news is already priced in, and i wouldnt worry about crises be it ukraine or rate hikes. qqe is still long so ive still got a long bias until bears prove otherwise.
ULong
by Cereanalysis
Technical analysis update: Nasdaq 100 (27th January 2022)Yesterday after the FOMC press conference Nasdaq 100 (and other major indexes) surrendered most of its earlier gains. We continue to maintain a bearish stance on the general stock market as we think NQ1! is headed lower. Our view is supported by bearish fundamental and technical factors. Additionally, the current high volatility pushes odds in favor of more downside for the markets. We currently watch the upward moving channel on the hourly time frame. This formation presents an interesting trade setup with two alternatives. First alternative would involve placing a short trade entry below the lower bound of the upward moving channel. Stop-loss would be placed above the lower bound in order to limit loss potential. Second alternative would involve taking a long trade entry above the upper bound of the upward moving channel and placing stop-loss below it. Illustration 1.01 Illustration above shows the daily chart of NQ1!. It also shows steepening of fan lines. Technical analysis - daily time frame RSI remains in the oversold territory. MACD and Stochastic are bearish. DM+ and DM- are bearish too. ADX continues to grow which suggests that the bearish trend continues to strengthen. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD and Stochastic are bearish. Same applies to DM+ and DM-. ADX increases which suggests that the bearish trend strengthens. Overall, the weekly time frame is bearish. Support and resistance Please feel free to express your own ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
CME_MINI:NQ1!Short
by Tradersweekly
9