Nasdaq Bearish Outlook Below 18,920 Ahead of Key Economic DataNasdaq Technical Analysis
The Nasdaq price has declined and stabilized below the pivot range of 18,920, indicating a bearish trend.
As long as the price remains below 18,760 and 18,920, further downside is expected, with potential targets at 18,420. A break below this level could extend the bearish trend.
For a bullish reversal, the price would need to stabilize above 18,920, with an upward move towards 19,160.
The upcoming release of the NFP and Unemployment Rate will also have a significant impact on the market. Results below expectations would be positive for the indices.
Key Levels:
Pivot Range: 18,760 - 18,920
Resistance Levels: 19020, 19185, 19390
Support Levels: 18560, 18420, 17900
Expected Trading Range: 18,930 - 18,420
Trend: Bearish while below 18,760.
Nasdaqsignals
NASDAQ won't correct again in 2024It has been almost 1 year (October 24 2023, see chart below) when we called for a mega buy opportunity on Nasdaq's (NDX) last bottom:
As you can see, the index started an insane rally sequence right on that weekly candle and didn't correct again that much before the recent July - August 2024 pull-back.
The gains from that bottom buy signal have been almost +50% and as the 1W MA50 (blue trend-line) was tested on the early August Low and held, we expect Nasdaq to resume and maintain the steady bullish trend for the rest of the year.
The next Target before it gives a medium-term correction again in our opinion is 22500, which is exactly on the 1.618 Fibonacci extension from the October 2022 market bottom.
The reason we project this target is because, as you can see on our October 2023 analysis above, we find remarkable similarities between the 2022 Inflation Crisis correction and the 2008 Housing Crisis.
This is what helped us give the mega buy signal in October, because the price formed a 1W MA50/MA100 Bullish Cross, the first since February 2010 and the correction was contained above the 0.618 Fibonacci retracement level. So with the 1.236 Fib already achieved during the current (blue) Channel Up (see how both recovery sequences take place within Channel Up patterns), the next in line is the 1.618 Fib at 22500.
According to all the above, the next time that Nasdaq could correct might be early in 2025.
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NAS100 - Set up and waiting for confirmationTeam, I am setting up the long position, howver I still waiting for the confirmation.
The current market price is 18814, I would prefer if it reached above 18836-42 to confirm my long position.
If the market break though the support line 18784 then we call it off.
If the price however consolidate and move toward the above price 18836-42, then I will enter my long position, with stop loss at 18772
Target 1 - 18964.70
Tareget 2 - 19196.50
NASDAQ / US100 /US Tech Money Heist Plan on Bullish SideMy Dear Robbers / Money Makers & Newbies,
This is our master plan to Heist US100 / NAS100 / US Tech Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 2h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
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NAS100USD / TRADING BELOW TURNING LEVEL - 4H NAS100USD / 4H TIME FRAME
Tendency , prices is under downward pressure , until trading below turning level at 19,550
Downward Condition : The price is currently under downward pressure, and this trend is expected to persist as long as it remains below the turning level at 19,550 . This indicates a potential decline toward the support level (1) at 19,164 . Should a 4-hour candle close below this support, it would signal increased bearish momentum, likely resulting in a further drop toward the next support level (2) at 18,751. This scenario underscores the importance of monitoring these levels closely, as staying below the turning level could lead to continued weakness in the market.
Upward Condition : For an upward trend to establish itself and target the resistance level (1) at 19,908 , prices must first break through the turning level at 19,550 . This breakout is a crucial indicator of potential upward momentum. To further validate this movement, prices should stabilize above the resistance level (1) , which would set the stage for reaching the resistance level (2) at 20,218. However, if prices encounter the first resistance level but fail to break through and stabilize, it suggests that the upward momentum may be insufficient, leading to a potential retest of the turning level. This retest could indicate a pause or reversal in the upward trend, requiring further observation before a clear direction is determined.
NAS100USD / buy above 19,550
SL: 19,480
TP: 19,908
TP: 20,218
NAS100USD / sell below 19,550
SL: 19,600
TP: 19,164
TP: 18,751
NASDAQ thoughts - 24-Aug-2024Hello 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
Bullish momentum to extend?NAS100 is reacting off the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could rise to our take profit.
Entry: 19,386.01
Why we like it:
There is a pullback support level which lines up with the 23.6% Fibonacci retracement.
Stop loss: 18,915.67
Why we like it:
There is a pullback support level which is slightly above the 50% Fibonacci retracement.
Take profit: 20,000.92
Why we like it:
There is a pullback resistance level.
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Nasdaq thoughts 27-AUG-2024Hello all, Kindly see my NASDAQ thoughts for today. These videos are aimed at making you compare charts with mine if you are a price action 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 Normal volatility. Bullish trend intact.Nasdaq (NDX) gave as the ultimate bottom signal on our buy call 2 weeks ago (see chart below) and staged a massive recovery from July's correction:
Right now it tested and held the 1D MA50 (blue trend-line) as a Support, establishing the new demand zone. During the previous Bullish Legs of the nearly 2-year Channel Up, when the price action remained above the 1D MA50, Nasdaq extended to a new Higher High on that pattern.
We may face some minor volatility for max a week, as the index encountered during the first to Bullish Legs but we should soon test the Inner Higher Highs trend-line, which most likely will see us reach our first Target of 20900.
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nasdaq push uptoday we se the market recovering from yesterday drop.
we are currently at the high of the sesion. wich means that there is a possiblity of a drop.
i have marked previous OHLC daily levels. that i think might work as a support for a trade to the upside.
taregt its marked in green.
we are going to trade these levels in 15 min chart. if we see a green candle rejecting one of these levels we take the trade. no green candle no trade.
have fun
ELEKTRA
US100 + S&P 500 WEEKLY MULTI TF ANALYSISHELLO TRADERS
Hope everyone is doing great
📌 A look at NAS 100 & S&P500 from HTF - MULTI TIME-FRAME ANALYSIS
NAS100 WEEKLY TF
* 2 WEEKS bullish run delivering from the +OB On the NAS100 & S&P500 from the weekly.
* We are opening bullish on the weekly signalling strong signs of cont.
* But with (PO3) possible breather on the index's to see some reversal.
* with a -FVG & -OB looking for a small reversal but momentum strength brings doubts or some skeptism.
* Because The weekly & daily TF show we are still trading in BULLISH conditions on the NAS100 & S&P500.
NAS100 & S&P500 DAILY TF
* It becomes interesting on the Daily as we see an SMT on NAS & the S&P.
* S&P 500 is mitigating the POI -FVG.
* As NAS100 Is just shy of this PD ARRAY.
* Opening bullish i am looking for some rejection to confirm this SMT.
*WITH (PO3) RULES
Either than that as we drop to the 4H
* still bullish on NAS100 Trend cont. favoured until otherwise price shows some significant bearish move.
SENTIMENTS THE SAME ON THE S&P500
* Looking for reversal patens other wise continuation of the move.
1H TF
* Sentiment remains, remain bullish unless otherwise.
* Probably be looking for short OPPORTUNITIES otherwise .
* We will see what does the market dish.
🤷♂️😉🐻📉🐮📈
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE
SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
____________________________________________________________________________________________________________________
* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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| * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤
LOVELY TRADING WEEK TO YOU!
NASDAQ Reality will again hit those betting against the market.10 months ago (October 06 2023, see chart below), we published an idea with a similar title, as following a standard technical 3-month correction, there was a growing bearish sentiment amidst market fear over a potential economic slowdown of the 2023 recovery:
As you can see none of the 'fears' prevailed and instead the index offered us the best buy opportunity at the time. The early August correction has been the best buy opportunity since then.
After a 3-week correction, quite aggressive for sure, Nasdaq (NDX) reached its 1W MA50 (blue trend-line) for the first time in almost 1.5 years and rebounded emphatically, making the strongest case possible that this Support level priced the new market bottom.
We made slight changes on this 10-month chart and we've set 2 new long-term targets: Target 1 at 23250 (the 0.236 Fibonacci level) and 27000 (top of the Channel Up).
We utilized the Fib symmetry of the previous Bull Phase, prior to the 2022 (inflation) correction and since Nasdaq is currently at 97 weeks (697 days) since its Bear Cycle bottom (October 10 2022), we could assume that proportionally, we are around November 02 2022, around the 0.382 Fib.
The 1W RSI just rebounded on the 5-year Symmetrical Support Zone that only breaks during Bear Phases and the 1W MACD is also posting a similar sequence to Nov 2022. Note that as long as the 1W MA50 holds, the index is technically on a long-term Bull Phase with the Green Ichimoku Cloud supporting within the 1W MA50 and MA100 (green trend-line). Technically, the index can rise up to 29000 - 30000 before entering a new 1-year Bear Phase.
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AMZN / AMAZON 🔍 AMZN Analysis: Strategic Dates for Long-Term Accumulation 📈
The AMZN chart reveals key dates that could shape your investment strategy:
December 29, 2025 & August 16, 2027 - Green Lines: These dates indicate potential local lows, making them ideal for accumulating AMZN shares. Investors should consider these as prime opportunities to position themselves for the next major upward trend in the stock.
By planning around these dates, you can optimize your long-term investment strategy and take advantage of potential market corrections.
#AMZN #StockMarket #InvestmentStrategy #NASDAQ #SNP500 #MarketTiming #Amazon
NQ / NASDAQ📉 NQ1! Analysis: Potential Short-Term Correction 🚨
The NQ1! chart indicates a potential pullback as we approach the key date of August 22, 2024. The current trend suggests that the market might experience a decline, with a local bottom expected around this date.
Traders should prepare for a possible correction, which could provide an optimal entry point for those looking to position themselves ahead of the next potential rebound.
#NQ #Nasdaq #StockMarket #Trading #MarketAnalysis