Nasdaqsignals
NASDAQ INDEX (US100): Bullish Outlook Explained
Nasdaq Index formed a strong bullish pattern on a 4H time frame.
The price violated a neckline of the ascending triangle formation.
With a high probability, the market will continue growing.
Next resistance - 20100
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Nas100 Buy Setup Pending Bullish TDI ConfirmationNasdaq 100 (Nas100) has begun September with a bearish trend, mirroring the OLHC structure observed last month. We are currently awaiting strong support on the daily timeframe to confirm a potential buy opportunity. Buyers are expected to enter the market once a bullish TDI cross appears on the daily chart . I have identified three targets for this setup:
- First Target: 18,160.95
- Second Target: 19,031.30
- Third Target: 19,445.56
Exercise extreme caution and wait for clear signals before making any moves. Patience is key.
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NAS100USD / TRADING INTO SENSITIVE AREA - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
The statement mentions that prices began to increase by 10.95% at the beginning of September.
This indicates a strong bullish trend at the start of the month, reflecting optimism in the market or strong performance from NASDAQ 100 constituent companies.
Yesterday's drop of 1.61% indicates a short-term bearish move, suggesting market sentiment has turned negative or there's profit-taking after the earlier rally.
The expectation of a further decline of 2.35% and potentially 3.92% implies that the current bearish sentiment may persist.
Technical Analysis:
Current Market Condition:
The statement suggests that the NASDAQ 100 is trading in a sensitive range between 20,330 and 19,954, and that breaking either of these levels will determine the market's direction.
Upward Condition:
- Target 1: If the price trades above 20,330, it's expected to rise to 20,795.
- Target 2: If the price stabilizes above 20,795, the next target is 20,980.
Downward Condition:
- If the price falls below 19,954, it suggests a potential decline:
- Target 1: A decline to 19,884.
- Target 2: If it breaks below 19,884, further decline is expected to 19,335.
NASDAQ This rally isn't over yet.Three weeks ago (September 09, see chart below) we gave a very timely buy signal on Nasdaq (NDX), just after it touched its 1D MA200 (orange trend-line):
As you can see, the index started a relentless rally, breaking the August 22 High, and the Lower Highs trend-line in the process. We don't expect that Leg to be over yet. Based on the two previous Bullish Legs of the 2-year Channel Up, they first touched the Inner Higher Highs trend-line and then pulled back to the 1D MA50 (blue trend-line).
As a result, we expect a continuation of the upside with a short-term Target around 21000 and then after mid to end of October, pull-back towards the 1D MA50 going into the U.S. elections.
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NAS100 Breakout: Aiming for New Highs as US30 Empire Gains The NAS100 has recently broken through key resistance levels and trend lines, signaling bullish momentum. With the US30 (Dow Jones) continuing to show strength, the NAS100 is expected to follow suit, aiming for new highs. The breakout suggests further upside potential as market confidence grows, supported by strong performance in tech and growth stocks. We anticipate continued upward movement, provided key support levels hold and the macroeconomic environment remains favorable. This could be an ideal entry for traders looking to capitalize on the ongoing rally.
Nasdaq ThoughtsGOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NASDAQ gave the best longterm bullish signal. Is 25300 possible?Nasdaq (NDX) confirmed the bounce on the 1D MA200 (orange trend-line) as argued on our previous analysis (September 09) and the rebound made the ultimate bullish break-out last week, as it crossed above the Lower Highs trend-line of the July 11 All Time High (ATH), giving us the most consistent long-term buy signal on a 2-year basis.
As you can see on this chart that goes as back as October 2022 and the bottom of the Inflation Crisis Bear Cycle, the two times that Nasdaq broke above such Lower Highs trend-line, while being above the 1D MA200, it gave the best buy signal possible, with both rallies peaking after a +49% and +48% rise respectively.
The Sine Waves have also confirmed early this month that the index bottomed and now we have the ultimate bullish break-out confirmation. The longer the 1D MA50 (blue trend-line) holds the better, but even if it breaks (April 2024), we still expect that we are on a similar Bullish Leg that should top in roughly the same way (+47% i.e. one percent less than the previous).
This gives us a long-term Target of 25300 for March - April 2025. We have plotted the Bullish Legs of 2023 and 2024 and as you can see, even though they diverge at times, they always converge again, forming a rough Channel Up, which can be a representation of our estimate course.
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NASDAQ 100 (NAS100)If the Federal Reserve decides to implement a 50 basis point cut, it can often lead to a positive market reaction, particularly in technology-focused indices like the NASDAQ 100 (NAS100). However, predicting the exact magnitude of the movement is challenging as it can vary based on various factors, including:1. **Market Sentiment**: If the market perceives the rate cut as a strong signal of support for economic growth, NAS100 could see a notable rally.
2. **Investor Reactions**: Traders might react differently based on their expectations before the announcement. If the cut was anticipated, the immediate reaction might be muted, as much of the effect could have already been priced in.
3. **Additional Factors**: Other influences such as earnings reports from tech companies, inflation data, or global economic conditions can also affect how NAS100 responds post-announcement.
In general, historically, significant rate cuts have led to positive movements in indices like the NAS100, potentially allowing for gains in the range of 1-3% on the day of the announcement. However, actual outcomes will depend on the factors mentioned above and cannot be guaranteed. It’s always wise to consider volatility and other market conditions when investing.
NASDAQ The index is well supported to hit 25k by mid 2025.Last week (September 09, see chart below), we gave a strong buy signal on Nasdaq (NDX) right as the price was testing the 1D MA200, a strong Support on its 2-year Channel Up:
The index duly delivered and we've completed 5 straight green days already. Not only that but the 1D candle closing above the 1D MA50, practically confirmed the bullish extension into this week.
The current week however isn't just a typical one, as we anticipate the Fed Rate Decision on Wednesday and even though the expectations are fixed on at least a 0.25% cut, the volatility is expected to be high.
As a result, to filter out this short-term noise, we will resort today to the wider 1W time-frame, which helps keeping a more accurate long-term perspective. In fact it was the same chart we published 6 months ago (March 18, see chart below), which very accurately laid out the Support that you needed to calmly buy on the long-term, which as you can see, it has been a recurring signal since 2010:
Every time the price broke above a Resistance, it was the ultimate buy entry if re-tested later as a Support. That happened in mid April and that's what happened last week as well.
In fact, the index made a strong rejection on the 1.5 Channel Fibonacci level and then tested and held the 1W MA50, confirming the emergence of a Channel Up (orange) similar to June 2020 - November 2021. The 1W RSI similarities between the two fractals are also further evidence of this.
As a result, we expect Nasdaq to reach as high as 25000 by mid 2025 (a little lower than our previous 6-month estimate but still good enough to be an excellent buy opportunity even now).
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Nasdaq Thoughts 16-Sept-2024GOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100 1:6RR trade ideaIn the recent rate cuts and CPI news, the stocks have gained impulsively(Technology sector up +6%). The overall trend is still bearish as we expect to see a 7-10% correction in the stock market in September. Currently NAS100 has reached our level of interest(19450), which has been a strong support/resistance level in the past. Here we look for shorts targeting 19250 and 19100. Should we break 19450, we look for buys up to 20k. Will update next week.
As always, trade safe and expect the unexpected.
Fractals Trading Community,
Mei
NASDAQ Is an August Low re-test inevitable?Nasdaq (NDX) got heavily rejected last week on the 1D MA50 (blue trend-line) and almost reached on Friday its 1D MA200 (orange trend-line). That was the level that was brutally breached on the August 05 Low, which only found Support on the 1W MA50 (red trend-line) and rebounded.
Technically those last two MA trend-lines are the long-term Buy Zone of the 2-year Channel Up that started after the October 13 2022 market bottom of the Inflation Crisis. Based on the last two major Higher Lows of that pattern though, it is possible for the index to re-test that August Low as it happened both on December 28 2022 (re-test of the October 13 2022 Low) and September 27 2023 (re-test of the August 13 2023 Low). The latter in fact dived on a 3rd wave a little lower to test the 1D MA200, but this time, this condition has already been met (1D MA200 already tested).
This Low re-test tendency is also evident on the 1D RSI fractals among the Higher Lows sequences. If that scenario is materialized, it would give us both a big bullish and a big bearish development. From the bullish side, a 17300 re-test would form an exact Higher Low at the bottom of the 2-year Channel Up, which is positive as it will fulfil a strong bullish condition to move forward. On the bearish side though, that would mean a breach of the 1W MA50, which technically would be very negative, unless the 1W candle that will break it, manages to close the week above it on a strong bounce.
Until then, lets initially see if the 1D MA200 holds (currently early in the day/ week it does) as if the price reverses here, we can technically have a bottom similar to October 26 2023. In any case, Nasdaq is just above the 1st long-term Buy Zone currently.
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Nasdaq Thoughts 09-09-2024Happy New Week all, Kindly see my Nasdaq thoughts for today. These videos are aimed at making you compare charts with mine if you are a price acton trader and use my thoughts to improve your skill. They are not meant as signals even if they seem like they are. I want you to learn and be great
Nasdaq already in a Bear Market Hello everyone,
We are currently in a topping process and chances are July 10, 2024 was the top for the Nasdaq (NDX). I believe that we will fill the gap before entering the bear market. A confirmation of a lower high on NDX and a higher high on SPX would show a clear divergence confirming a market top. It's clear that the Russell (IWM) is not making new highs and showing a clear divergence from SPX and NDX making new highs suggesting this is the top. NDX may have already entered a bear market and will not be making new highs and this is simply an ABC corrective wave up before making new lows.
TLDR: NDX ABC CORRECTIVE WAVE UP BEFORE NEW LOWS; NDX WILL MAKE LOWER HIGHS AND SPX NEW HIGHS WILL CONFIRM THIS A MARKET TOP