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Nasdaqsignals

Is the lagging S&P500 a better buy option than Nasdaq?Nasdaq's (NDX) incredible run (left chart) since the start of the year (+37%) has seen the index break above the Last Lower High of the Bear Cycle (13730) while at the same time avoiding a Death Cross on the 1W time-frame in epic fashion. It even broke above the RSI Resistance of the price's ATH (when the index was on its All Time High). At the same time, the S&P500 (SPX) is obviously lagging behind (right chart) as not only the RSI is below its ATH Resistance but the index itself is only now approaching the Last Lower High of the Bear Cycle. The question is, can the S&P500 be a better buy opportunity than Nasdaq since it is underperforming. Well being overperforming doesn't necessarily mean that Nasdaq is overvalued. Investors clearly thought at the start of the year that the technology sector would fuel the economy out of the 2022 inflationary Bear Cycle. However, it is also clear that the S&P has three target ahead of it (Last Lower High, First Lower High of Bear Cycle and the ATH), while Nasdaq two. In % terms, a ATH hit for the S&P500 from the current level would be a +12% rise, while for Nasdaq a 14.50% rise. Not that big of a difference on long-term terms and that has a lot to do with the fact that Nasdaq declined more that -37% during the 2022 Bear Cycle, while the S&P500 -27%. As a result, any buy between the two would be justified, even though a good pull-back on NDX would be more appealing to buy and couldn't be overlooked. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDX
by TradingShot
12
NASDAQ One last bullish leg possible before exhaustion.Nasdaq (NDX) easily hit the 14350 Target that we called on our last analysis (see chart below) 10 days ago: The price even broke above the 0.618 Fibonacci retracement level from the All Time Highs and hit the top of the March 13 Channel Up. However there is still some room left before hitting the top of the long-term Channel Up that started after the January 06 market bottom. A pattern that supports this argument is the 1D RSI that is trading on Higher Highs similar to January 26 2023 and August 03 2022. Those was the last phase before the final Higher High that exhausted the trend and started a correction. As a result we will pursue one final upside target at 15000 and then most likely we will see a pull-back towards the 1D MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CME_MINI:NQ1!Long
by TradingShot
13
NASDAQ Extending its rise to 14350 1W MA100 turned into Support.Nasdaq (NDX) hit last Thursday our long-term target (see idea below) of the August 16 2022 Resistance and even though it took longer than anticipated, it finally filled that Gap: The pattern that is directing the price action higher is a Rising Wedge and right now the price is very close to its top (Higher Highs trend-line). However coming off a 1D MACD Bullish Cross and more importantly having broken above the 1W MA100 (red trend-line) after more than a year, we expect an extension of this short-term bullish leg. Our target is slightly below the 0.618 Fibonacci retracement level from the November 2021 All Time High, at 14350. Key condition for this is to hold the 1W MA100 as its long-term Support now. The 1D MA50 (blue trend-line) has been the short-term Support since January 20 (hasn't closed a 1D candle below it since then). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CME_MINI:NQ1!Long
by TradingShot
2
Nasdaq is forming a Rising Wedge pattern!!!It seems that the Nasdaq is forming a Rising Wedge pattern near the 🔴 resistance zone($ 14,060-$ 13,610) 🔴. I expect the Nasdaq to start falling after touching the upper line of the rising wedge pattern and the resistance zone. Nasdaq's falling target could be the next 🟢 support zone($ 12,470-$ 12,040) 🟢. Nasdaq 100 Index Analyze (NDXUSD), Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position that you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:NDX
by pejman_zwin
28
NASDAQ broke above the 1W MA100 after a year!Nasdaq (NDX) is extending the bullish trend inside the short-term Channel Up as mentioned on are recent idea two weeks ago (see below): Today the index reached a very important benchmark as it broke above the 1W MA100 (green trend-line) for the first time in more than 1 year (since the 1W candle of April 25 2022). This was a critical Resistance as it rejected the uptrend back on the week of August 15 2022. With the 1D MA50 (blue trend-line) supporting and the Channel Up that started in December intact, we see a Resistance test of the 13730 High as inevitable, so there is your short-term target if you are looking for one. On the longer term, since the February 02 Higher Highs trend-line broke, the Channel Up can target the November 15 2022 Higher Highs trend-line. A typical +11% rally within this Channel Up can easily target this trend-line, so now we are setting a 14100 long-term target on Nasdaq. Especially if the 1D RSI breaks above its own Lower Highs trend-line. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
ULong
by TradingShot
1
US100 - Short SignalUS100 H1 We are challenging high prices here on US100, where this 13430 resistance price is looking like a solid sell zone. Nice rejections first time round dated 12th May once we saw that hourly top exhaustion. We need something to catalyse an upside break, most stock indices sitting on resistance prices, needing that justified surge to break upside. US figures later for retail sales, this could cause some interesting moves, but on a technical basis I'm looking for shorts. If we can grab a short entry from that 30 price ahead of figures, that could be attractive.
UShort
by Trade_Simple_FX
1
Nasdaq -> Obvious Top FormationHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that Nas100 is currently approaching a quite obvious previous weekly structure area which is now turned resistance exactly at the $13.500 level. You can also see that from a weekly perspective, Nas100 is a little bit overextended towards the upside and in my opinion we are ready for a short term correction before we will then see more continuation towards the upside. On the daily timeframe you can see that Nas100 is currently forming a rising wedge formation which is always considered a reversal sign, so I am now just waiting for some bearish selling pressure before I will then enter a short to capitalize on the next dump towards the downside. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
PEPPERSTONE:NAS100Short
by basictradingtv
54