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Nasdaqshort

Crazy Times for Nasdaq what next?Good day great traders it is once more with my greatest delight to be serving you insights on Nasdaq today Now what's been happening with this market Weekly our trend still has been bearish since 27 Dec 2021 Again, we have recently approached the 13000-price level which has a weekly support that has 4 touches holding support since 8 March 2021 so it is a strong support area On the daily we got a close below this support level Tuesday however we did engulf back into this 13000-price support level What does this mean? we are likely starting to range after or great impulse down H4 h1 they do not seem promising to be taking trades on them because we recognize lack of momentum What is the verdict? Wait for the market to break below the 13000-level close successfully there then we should catch further retracements on lower timeframes why are we to sell? the higher timeframe still is bearish and till we maybe push above the 13600-level creating higher lows and new higher lows then have the weekly close above the price too then trends should continue up but for now I will be selling be sure to comment positively till we meet again God bless
FX:NAS100Short
by EHMFO
BEARS TO CONTINUE PUSH NASDAQ DOWN?Good day you Million great traders Special stuff here now listings of what I see on the chart are as follows: Weekly resistance rejection Weekly double top Daily we closed off a new lower high yesterday Hourly there has been strong impulses down Now i Expect the market to cool off and range or retrace towards the minor trendlines drown on h1 or break of current trendline with 2 touches If The mentioned above happens I will take sells accordingly Have a great day Great Traders comment positively what you think God Bless:)
FX:NAS100Short
by EHMFO
4
Potential NASDAQ TREND CHANGEgOOD DAY GREAT TRADERS It is with my greatest delight to bring you insights of Nasdaq These are the reactions i see on the chart 1. Downward Trendline respect 2. Daily Resistance respected 3. We have Daily candlestick reversal in the past 2 trading days Should we successfully stay below 15400 level i will start looking for sells (MARKET IS BULLISH) so we just anticipating swing sells when the market proves so Hey Tell us what you think on the comment section GOD BLESS
FX:NAS100Short
by EHMFO
3
NAS100 Testing last resistance to further test 13700 SUPPORTHey Traders! Good weekend so far as you can see in the chart NAS100 broke THREE tiny SUPPORTS in a row today. And after waiting a long time finally it BREAKS SUPPORT turned RES @14390 Aprox. SO SELL/SHORT (I did at first support break which is at 13600) in this area, and target the next CRITICAL yellow support that is @14130. But is this YELLOW LINE is broke by the downtrend, then target the next SUPPORT i.e. 13800.... AND then if it goes below 13800 then check 4H or 1D chart and see the next support at 13500 & 12900 ;) P.S. This is my sole analysis & point of view, what you views about it kindly write in comments :) Please Like for appreciation if you liked my idea. ENJOY! Have a nice weekend ;)
SKILLING:US100Short
by GreedyHarley
2
Nasdaq100- A pull back can happen- good opportunity for shortLast week, after breaking under important 15500 support, I said that I expect Nas100 to fall to the 14k zone. The drop happened very quickly and even exceeded my target with a low of around 13.500. Now the index is in a normal recovery and this can provide bears a good opportunity to enter the market. My sell zone is 14.500-15k and only a daily close above 15k would put a pause in this scenario The first target can be yesterday's low. Best of luck in shorting Nasdaq:)! Mihai Iacob
NShort
by Mihai_Iacob
18
Technical analysis update: Nasdaq 100 (21st January 2022)General stock market continues to experience weakness. Nasdaq 100 declined to a new low at 14 602.25 USD while subsequently reaching our two price targets. Because of that we decided to update our thoughts on this index. We continue to maintain a bearish stance on NQ1!. Our view is supported by technical factors which continue to point to the downside. However, we have to note the price of NQ1! experienced fast and steep decline along which it deviated too far from its 10-day SMA (Simple Moving Average) and 20-day SMA. Because of that we would not be surprised to see price retracement towards these two moving averages in the following days. Though, if volatility will continue to increase (at its current pace) then it is likely that full retracement will not occur, half retracement is more probable. Because of our bearish view we would like to set a new short-term price target for NQ1! to 14 500 USD. Additionally, our medium-term price target for NQ11! is 14 250 USD. Illustration 1.01 Picture above shows the daily chart of NQ1! with volume indicated below it (green and red bars). Volume remains relatively high with no signs of decline. This suggests that selling pressure will most likely remains persistent for while. Technical analysis - daily time frame RSI crossed below 30 points into oversold territory. MACD and Stochastic remain bearish. DM+ and DM- continue to show bearish conditions in the market. ADX increases which suggests that the bearish trend is gaining strength. Overall, the daily time frame is bearish. However, it also signals the price got oversold relative to its short-term past which often precedes short lived bounce in price. Technical analysis - weekly time frame RSI, Stochastic, DM+ and DM- are bearish. MACD is bearish too despite the fact that it appears in the bullish zone. ADX stopped its decline and reversed to the upside which suggests the new bearish trend gains strength. Overall, the weekly time frame remains bearish. Support and resistance Short-term resistance sits at 14 807.50 USD and short-term support lies at 14 585.50 USD. Support 1 appears at 14 367.75 USD and Resistance 1 appears at 15 708.75 USD. Major resistance is at 16 767.50 USD which is all time high for NQ1!. Please feel free to express your own ideas and thoughts in the comment section. Our latest thought on NQ1! from 18th January 2021. 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
7
Technical analysis update: Nasdaq 100 (10th January 2022)Today, the Nasdaq 100 index dropped below its key technical level at 15 538 USD - which currently acts as immediate support/resistance. We think this is a very bearish occurrence and one that can potentially mark the beginning of downtrend for NQ1!. This view is also supported by bearish technical indicators on the daily and the weekly time frames. Additionally, the monthly time frame shows peaking bullish conditions that often coincide with the market top. These warning signs suggest more trouble ahead for the general stock market. Because of that we are very cautious and we will observe the price action of Nasdaq 100 in the following days. We will view the potential failure of NQ1! to retrace back above the key technical level as very bearish. However, if retracement occurs then we will reassess our views. Illustration 1.01 Illustration 1.01 shows the daily chart of NQ1!. It also shows two yellow trend lines connecting all major lows: Line 1 and Line 2. Price dropped below Line 1 which is very bearish. Technical analysis - daily time frame RSI continues to develop bearish structure. Same applies to MACD and Stochastic. DM+ and DM- show bearish conditions as well; ADX continues to increase since 22nd December 2021 which suggests that current neutral trend is turning to bearish trend. This coincides with a price drop below the key technical level. Overall, the daily time frame is bearish. Illustration 1.02 Illustration 1.02 shows the daily chart of NQ1!. It also indicates evaporation of new buyers as the price attempted to make a new high. Additionally, drop below the key technical level is marked. Technical analysis - weekly time frame RSI, MACD and Stochastic are all bearish. DM+ and DM- performed bearish crossover recently. ADX continues to decline. Overall, the weekly time frame is bearish. Support and resistance Immediate support/resistance sits at 15 538 USD while major top lies at 16 767.50 USD. Support 1 can be found at 15 273.75 USD and Support 2 at 14 585.50 USD. 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
10