NAS100 MID-WEEK ANALYSIS-24/09/2023NAS100: Exploring Potential Bullish Scenarios Amid Market Shift
The market has recently exhibited a notable shift in the NAS100 index, particularly on lower timeframes, which has piqued my interest in exploring potential buy opportunities. Join me in the quest to uncover emerging bullish scenarios for NAS100 and adapt our trading strategies accordingly. Stay tuned for ongoing insights and updates! 📈📊 #NAS100Trading #BullishScenarios #MarketShift
SAME BIAS AS US30 AND SPX500
Nasdaqlong
E-mini Nasdaq MONSTER LONG Setup (ABCD Completion)Looking at a potential MONSTER move on E-mini NASDAQ
Market bottomed out and using our Fib calculations we would see a strong Extension from here (ABCD pattern Completion) that would take is to 15497.75 for 470+pts of profit potential... I have engaged position LONG at 15012.5 and am holding on strong... A lot is riding on TESLA Earnings tonight, followed by Jerome Powell tomorrow at 12pm EST if all goes well we will be running for new Highs in my opinion!
Nasdaq Bounce from L-MLHWhat a drag yesterday.
The red Fork gives us very good context.
We see how price reacted two times at the Center-Line.
Then came the "Flush" throu the CL with no pull-back.
No Mercy!
This move brought us down to the Lower-Medianline-Parallel. From here price starts to bounce.
It's also a level where NQ had support (see left side).
So far, divergence with the RSI is confirming a good potential for a bounce.
But I don't believe in this support, until we break the downsloping "Change In Behaviour" line. Price must prove that is has enough strenght.
If this CIB line gets broken, I expect a pullback to it.
This would be the level where I would stalk a long entry, with a target at the Center-Line.
Happy Hump-Day Tr8dingN3rds
NASDAQ 100 LONG SET UP SWING TRADE (1000 PIPS INCOMING)Hey folks! hope you have all been bagging some green pips. Interesting times are lying ahead of us as some juicy set ups are cooking and we just need to continuously be disciplined and patient. On the menu today is NASDAQ 100 swing trade that has been in a Multi year uptrend.
looking at the 4 hour chart, we see that price broke structure to the upside indicated (BOS).
Price has now made its way back down to the origin demand level that caused the break of structure.
This makes demand level a point of interest and may mean potentially price can mitigate the zone and can begin to accumulate positions around the zone to begin travelling back up north of about 1000 pips. Am already in with a small position and will only be adding more positions when price has given more confirmations but for now its still a risky set up. Overall this could be a set up of about 1:6 risk reward ratio.
Remember to always apply proper money and risk management in your trade set ups.
Nasdaq 100 showing HUGE upside with its Cup and Handle to 16,073Cup and Handle formed over the last couple of months.
A big one for that matter.
The price broke out of the brim level, but the price action has been very sloppy.
There is clearly a fight between the bulls and bears.
And so, that's why there's been a consolidation.
We can wait for the price to break above the small rectangle formation, before getting in to avoid a fakeout.
7>21>200
RSI>50 (Higher lows)
Target 16,073
SMC
Sell Side Liquidity (Order Block) is below the handle of the cup. Also the 200MA is around these levels which makes it another STRONG Level of liquidity for SM to buy.
The bias is very bullish, we just need the next push up.
Potential bull flag on the Nasdaq 100 (NDX)The Nasdaq is holding above the February high and forming a potential bull flag pattern, which projects an approximate target around 13,500. A larger flag pattern also remains in play with a target just below 14,000, although the October high and monthly R1 around 13700 provide a likely resistance area. The daily trend is respecting the 10 and 20-day EMA's and the structure favours a break of last week's high.
- Bulls could seek bullish setups around current levels in anticipation of a break higher, or around the monthly pivot point should we see a deeper pullback and invalidation of the smaller flag.
- The bias remains bullish above the monthly pivot
- Targets include the resistance clusters around 13,500 and 14,000
Nas100 Long (Best Entry) 🔥Strap up, enter your buys and swing this analysis. Use proper risk management and do not risk more than 2% of your account if you have an account below $100. If you are a Pro Trader and you have a big balance, do not risk more than 20% of your account.
My positions are at: 12920
First TP: 13200
Second TP: 13700
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
NASDAQ WEEKLY ANALYSISEIGHTCAP:NDQ100
we are seeing a BULLISH TREND forming on the EIGHTCAP:NDQ100
we can already see that price has already broken resistance and also retesting that area with signs of rejections on that area. So we can possibly anticipate that price could countinue bullish after this
$SPY & $QQQ Market BEARS NO FOLLOW Through, V shaped bounceYesterday i talked about 3 scenarios where one of them was we break below the double bottom support at 290 area for QQQ and bears have no follow through and we V shape.
Essentially its exactly what happened bears had a nice overnight drop and pre-market control, the moment market opened bulls took over filled the gap within the first 30minutes.
- Red flag for bears was when we re-tested that 290 support becoming resistance bears couldn't bring the price down to new low of the day, we hovered close to it and re-tested again and broke bull back above it. That's when shorts started covering here and we get a nice move up.
- looking for a 4H trend change to the bulls to have any meaningful bull follow through.
- still holding my TQQQ $21.57 entry.