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Nasdaqlong

NASDAQ - Wave Revision - This Thing Is Getting Out Of HandIn this wave revision I go through a few moments of disbelief so bear with with me. Or bull with me. It's probably bull. Why? because these markets are crazy. Don't take my word for it I just look at the waves. The first thing you should do when analyzing markets is ditch the biases because they are useless. Go with the trend as long as the waves confirm that it is still your friend. Please LIKE and FOLLOW to get notification of updates and future posts.
FX:NAS100Long
by AriasWave
2
Nasdaq LONG off supply zone, TECH DOWNGRADE BY GS?We saw that the tech market as a whole was downgraded by GS this morning. The big bank and financial institution recalled the over valuation of the tech sector as a whole, being the Nasdaq 100 essentially. Due to the massive TECH weighing on the index. Goldman Sachs downgraded the forecast and instead said money should been seen a return to value soon. Which by their standards is banking stocks (financials) and the automotive sector. Nasdaq demand zone was at 11,750-11,800 where the 50-day EMA was holding out. We saw a fight at that area and finally the bulls took over. It seems that tech wants one last push to the upside before giving up its gains. Big tech is now up 37% year to date while S&P 500 banking sector is down 35% YTD. It seems that as long as buying is happening money will flow into big Tech for the gains, even though there are downgrades on a lot of big tech. We are in for at least an attempt back to 12,130 before making any rash decisions, should we break that top then we're going to see a lot of buying come in and through the tops we go. We are so close to an ATH it seems almost certain we'll see it before the election. Keeping in mind this market is extremely sensitive the smallest amount of bad news could send us rocketing lower. Tech downgrades have also been small, AMZN downgraded from $3,750 to $3,740. There are bulls in this market, but 1 shot to an ATH seems a little harsh without a pullback in this economy.
CME_MINI:NQ1!Long
by TRADEPROAcademy
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.
OANDA:NAS100USDLong
by Nkululeko_Mpambo