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Nasdaqsignals

NASDAQ Thinly supported. Needs a 1D MA50 break to avoid sell-offThe Nasdaq (NDX) index had a strong rejection these past 4 weeks exactly on the level we projected on our idea on August 04: Right now it is trading below both the 1D MA50 (blue trend-line) and the 1D MA100 (green trend-line), which were its short-term Support levels and have now turned into Resistances as each have rejected upwards break-out attempts at least once. Being on the 0.236 Fibonacci retracement level and based on the RSI (1W time-frame), which just hit its MA line (yellow), NDX appears to be in a similar level its was during April 11 - 20. This consolidation led lower when its Support broke and dropped first to the previous Low (0.0 Fib) and then to Lower Lows on the -0.382 and -0.5 Fibs respectively. As a result, if the current Support breaks, we expect the 1W MA200 (red trend-line) to be tested, which is slightly above the 11040 Lot of June 16 and depending on the market conditions at the time (which we will surely update on), the 1W MA300 (yellow trend-line), which is slightly above the -0.382 Fib. On the bullish case, if the price breaks above the 1D MA50, consider it a buy break-out signal and target the 1W MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
3
Good signal to buy NASDAQAccording to what was reported, despite the price of the Nasdaq index rebounding yesterday from the level of 12185.00, this will not affect the main bullish path due to its frequent pivot above the main support extending towards 11400.00 and the formation of the 11690.00 level for additional support All of the above makes us wait for the price to gather positive momentum during the current period to facilitate the task of achieving breaching the 12270.00 level and reaching the additional positive stations that start from 12525.00 and 12900.00 respectively.
CME_MINI:NQ1!Long
by ahmed-sajid
NASDAQ hit a Support cluster. Trading scenarios for September.The Nasdaq (NDX) index had a strong rejection these past 2 weeks exactly on the level we projected on our idea on August 04: As you see, that level was the 0.618 Fibonacci Retracement level and the Resistance made from the May 05 High, which we predicted based on the symmetrical evidence with the February - March fractal. So far this has been working out perfectly, I can add that the rejection also took place exactly on the 1W MA100 (grey trend-line) and just shy off the 1D MA200 (orange trend-line). This 2-week pull-back hit on Friday the 1D MA100 (green trend-line) and today the 1D MA50 (blue trend-line). This is an important Support cluster, assisted further by the Higher Lows trend-line that started on the June 16 Low. What favors the bearish case is certainly the fact that the price got rejected on the 1W MA100 that was previously a Support (February 24, March 14) but is now establishing itself as a Resistance (May 05, August 16) and the inability to break above the 1D MA200, which is where the price was rejected on March 30. Those are in favor of the sequence continuing to repeat the Feb-March fractal, which sold-off to a new Lower Low. The bullish case in however still backed up by the MACD Bullish Cross on the 1W time-frame that took place on July 22, which didn't happen previously in March or April. That strengthens further the 1D MA50/100 and June Higher Lows Support cluster. As long as that holds (staying above the now green Ichimoku Cloud), it should be more likely to retest the 1W MA100/ 1D MA200 Resistance Zone. As mentioned before, a candle close above that Resistance Zone should be enough to shift the long-term sentiment from bearish to bullish. A close below the Higher Lows though, should deliver a test of the 1W MA200 (red trend-line), which is the current long-term Support and if also broken, then the 1W MA300 (yellow trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4
NASDAQ The Put/Call Ratio shows it's time to buy stocks NOW!This is another stock index long-term analysis and this time our focus is on the Nasdaq (NDX). For better illustration we are displaying the Nasdaq as a line instead of candles (black trend-line) and the Put/ Call Ratio (blue trend-line) on the 1W time-frame. First let's explain what this ratio is. Basically it is the number of put options divided by the number of call options. This is an indicator that essentially illustrates the pessimism/ optimism in the market, what market participants (investors, traders, funds etc) feel is going to happen in the (near at least) future. When it is rising it means that there is a lot of pessimism and more people are betting on the downside and when it falls it illustrates that more people expect an upside. For this analysis we've put the MA20 of the Put/ Call Ratio (PCR) as it filters the noise more efficiently. As you see, since the October 10 2011 High, every PCR peak is made on a Lower Highs trend-line (dashed line) and the price gets rejected. When that pull-back happens, it effectively gives us a confirmed signal to buy stocks. This time the peak on the Lower Highs trend-line took place on the June 13 candle and as you see it turned out to be the most optimal place to buy as the index rose aggressively. The current rise though on the PCR is naturally translated into a Nasdaq pull-back put since the 2009 financial crisis, this happened most of the times and didn't affect the long-term bullish trend. So will you take advantage of this pull-back? P.S. Because the chart has added elements (PCR, Nasdaq) plotted that are not stable on the axis, it may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical/ horizontal axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
USI:PCC
by TradingShot
4
NASDAQ the 2Y yield and Interest RateThe Nasdaq index (NDX) has been on a strong rally since the mid June bottom but this week's pull-back is having a good part of investors worried. Well not without good reason as this is taking place after breaking its All Time High Lower Highs trend-line and but not its 1D MA200. However it may be a correction attributed to profit taking and this analysis will address that in relation to the US02Y (2 year bond yield illustrated in orange) and the Fed's Interest Rate (black trend-line). As you see, the US02Y can be a leading indicator to what the Fed policy may be. In recent tightening Cycles, more particularly in November 2018, when the US02Y started to reverse downwards, it was an early indication that the Interest Rate would peak. Indeed, the monetary tightening policy turned flat and in a few months changed to monetary easing again, falling sharply downwards. The Nasdaq bottomed a little after the US02Y started falling. This time, the mid June rally started just after the first sharp drop on the US02Y and following the yields' volatility, gave fuel to this sharp two month rise. At the same time the Interest Rate continues to rise but the Fed have issued a very supportive tone in their last meeting regarding the pace of tightening, a move that is obvious calmed the markets more than enough. I want to focus on the similarities of these two corrections (2018 and 2022). In both cases, Nasdaq bottomed right after breaking its 0.382 Fibonacci retracement level, while holding the 1W MA200 (red trend-line) as the long-term Support. Do you think this time is different or a similar 2019 rally will follow? P.S. Because the chart has the added elements of the US02Y and Interest Rate plotted and are not constant, it may appear distorted based on your screen's/ browser dimensions. The original looks like this below, so if yours doesn't, adjust the vertical/ horizontal axis in order to make it look like this and better understand what is illustrated: -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:NDX
by TradingShot
3
NASDAQ testing the most important long-term Resistance cluster.This is an update to last week's analysis as Nasdaq (NDX) is finally putting the long-term Resistance cluster to test. That consists of the May 05 High (13600), the 0.618 Fibonacci retracement level (13666) and the 1D MA200 (orange trend-line), which has been intact since April 05. Basically the whole Lower Low - Lower High leg within the 8 month Channel Down, has been symmetrical to that of December 28 2021 - March 30 2022. It was again that same (analogous) Resistance cluster that rejected the index, formed the Lower High and initiated the next selling leg to a Lower Low. As you see on the chart, the price got rejected exactly on the 0.618 Fib/ Resistance level. As a result we have a very low risk sell trade here, targeting the 1D MA50 (blue trend-line). A 1W candle close above the 1D MA200 would constitute a bullish break-out and a trend shift on the long-term from bearish to bullish with a first target the 15300 March 29 High. We have to note that with the 1W MACD on the first Bullish Cross since November 2021 and the histogram on the first green 1W bars since also November, the bullish case is getting stronger especially amidst the encouraging inflation data these past few days. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
U
by TradingShot
2
Daily analysis and trade setups on NASDAQ 20220810Happy Midweek, Happy CPI Day, As mentioned in the analysis yesterday, bears did try to bring NDX below 13k. Bulls have bearly (barely 😇) managed to push it back > 13k. Line in the sand today is 13070 for NQ_F Macro: US CPI Buy Break: 13060 13180 13265 13325 Reversal: 12995 12930 12850 12790 12720 12940 Sell Break: 13010 13945 13875 13800 12735 Reversal: 13200 13280 13340 13390 13455 13570 Green Goblin levels are here >>> Fibonacci Confluence levels are here >>>
OANDA:NAS100USD
by TradingIndian
Daily analysis and trade setups on NASDAQ 20220808Happy New Week, Happy Monday, Nothing significant on economic calendar today. With academic vacation & summer in full swing, markets may range unless some geopolitical development happens. Line in the sand is 13180 Buy Break: 13260, 13350, 13420 Reversal: 13170, 13110, 13040, 13900, 12820 Sell Break: 13180, 13120, 13050 Reversal: 13300, 13360, 13440, 13520, 13580 Green Goblin levels are here >>> Confluence fibs are here >>>
OANDA:NAS100USD
by TradingIndian
NASDAQ close to entering back to the bull marketNasdaq (NDX) extended the uptrend following the two clear break-out buy signals given by the 1D MA50 (blue trend-line) and the 1W MACD Bullish Cross, as we outlined on our previous analysis 3 weeks ago: Perhaps the most important development since then is the closing above the 1D MA100 (green trend-line) which last time rejected the price (March 29) and formed a Lower High on the long-term Channel Down. This doesn't turn the trend bullish long-term. It remains bearish unless we break above the 1D MA200 (orange trend-line), which isn't that far off. It was that and the 0.618 Fibonacci retracement level (13666 currently) that along with the 1D MA100 rejected the uptrend on the previous Lower High. As a result a sell there with a tight SL on the 1D MA200 can be justified, targeting the 1D MA50 on the short-term. On the other hand, a close above the 1D MA200 should be considered a buy break-out signal, which can target the 15300 March 29 High. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
U
by TradingShot
7
NASDAQ Generational Buy Opportunity. The 14 year Channel held.Nasdaq (NDX) is coming off a (near) hit on the 1W MA200 (orange trend-line) last month and the rebound is now closer than ever to test the 1W MA100 (red trend-line) for the first time since April 05, where it was emphatically rejected. This is something that we outlined on our previous NDX analysis that was on the 1D time-frame: This time we present an analysis based on the 1W time-frame and longer-term parameters as the index not only prepares for this quarterly bullish break-out but with its current monthly rally it holds historic Support levels. First of all, as the chart shows, the index has been trading upwards (on the log scale) within a 14 year Channel since the 2008/09 Subprime Mortgage (housing) Crisis. As mentioned, it held the 1W MA200 which has never been crossed below since the weekly candle of June 28 2010, but as you see it formed a clear Bullish Cross on the 1W MACD. We've discussed the importance of such crosses in previous posts but for Nasdaq in particular, when that took place around the 0.0 MACD mean (especially from the 2018 volatility period and after), it has been a tremendous buy opportunity, especially when coupled with a break above the 1D MA100. We can therefore claim that a 1D MA100 break is the last Bullish Confirmation signal on a multi-year scale that validates the start of the near rally within the 14 year Channel, even though some would argue that technically the last Resistance to beat would be the 1W MA50 (blue trend-line)/ 1D MA200 cluster. But for this long-term model, the 1D MA100 seems good enough for a confirmation signal. For illustration purposes, I've plotted every candle series that after approaching the 1W MA200, broke above the 1D MA100 and (naturally) kick-started a rally (including of course that after the 2009 bottom). It is interesting to see that if repeated, all of them can make an All Time High (before correcting) much above the previous market High, with the exception of the shortest 2019 rally, which would stop just above the previous All Time High. Note that those are for projection purposes for sure and nothing more as the index may follow a completely different path this time, but interesting as illustrations indeed. Do you think the Channel will hold and guide the price to new ATH? P.S. As always on long-term log Channels, we've incorporated the -0.236 and 1.236 extremes, which in the case of Nasdaq match almost perfectly the March 2020 (irregular) Black Swan event that broke for just one week below the Channel. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
NASDAQ:NDXLong
by TradingShot
9
NAS100Hello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. NAS100 view with smart money concept Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit day guys
OANDA:NAS100USDShort
by Bexi03