Nasdaqsignals
NAS100USD ( BREAKOUT CHANNEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency , after breakout channel the price is under bearish pressure .
TURNING LEVEL : the price of turning level between 20,214 and 20,084 , if the price breaking 20,214 reach a resistance level , but if breaking 20,084 reach a support level .
RESISTANCE LEVEL : currently price 20,127 inside sensitive area , if the price breaking turning level at 20,214 reach a resistance level at 20,386 .
SUPPORT LEVEL : if the price breaking 20,084 reach a support level at 19,910 .
PRICE MOVEMENT : the price breaking ascending channel it mean under bearish pressure , know the price in a sensitive area between turning level at 20,214 and 20,084 , price breaking 20,214 by open 4h candle above this level reach a resistance level at 20,386 , then breaking this level reach a 20,708 , if the price breaking 20,084 by open 1h or 30 min below this level reach a support level at 19,910 , the breaking this level reach a 19,688 .
TARGET LEVEL
RESISTANCE LEVEL : 20,386 , 20,708 .
SUPPORT LEVEL ; 19,910 , 19,688 .
NAS100USD ( TRYING TO REACH A ORDER BLOCK ) ( 4H )NAS100USD
HELLO TRADERS
TENDENCY : generally the price stabilizing above turning level , indicates is under bullish pressure
TURNING LEVEL : the price between 20,387 and 20,217and called a FVG , as long as the price trading above this level reach a resistance level , breaking this level trying to touch a support level .
PRICE MOVEMENT : the price in previously reach a first resistance level at 20,387 , currently price stabilizing this level , my goal resistance level at 20,703 .
PRICE ACTION :
LONG CONDITION : have two cases to rising for reach a resistance level , first case the price retest a 20,387 before reach a resistance level at 20,703 , second case price retest 20.217 , before rising , if the price breaking order block at 20, 783 reach a new resistance level at 20,929 .
SHORT CONDITION : if the price breaking turning level at 20.217, stabilizing below this level reach a support level at 19,810 , then breaking a supply zone reach a next level at 19,405
TARGET LEVEL :
LONG CONDITION / RESISTANCE LEVEL : 20,703 , 20,929
SHORT CONDITION / SUPPORT LEVEL : 19,810 , 19,405
NASDAQ Still a few weeks before it tops.Nasdaq (US100) has been trading within a Channel Up pattern since the November 2022 market bottom and at the moment is unfolding its 3rd major Bullish Leg of the pattern. Supported on the short-term by the 1D MA50 (red trend-line), the index is aiming for at least a +26.20% rise from the April 15 Low, as the 2nd Bullish Leg rose by 5% less than the first.
The price has entered its peak formation process on the Channel Up Higher Highs as the 1W RSI has been overbought (above 70.00) for a month, similar to when the top started forming in June 26 2023 and February 2024.
Our immediate short-term Target remains 21300 as per our previous analysis.
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NASDAQ THOUGHTS 16-JUL-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
NAS100USD ( BELOW TURNING LEVEL ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price trade below resistance trendline , indicates the price is under bearish pressure
TURNING LEVEL : there is a blue line around 20,557 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
NEW RESISTANCE LEVEL: there is a green line around 20,742 , indicates if the price breaking turning level create a new resistance level
SUPPORT LEVEL : there is a red line around 20,245 , indicates buying have already increase this level , and in this level create a demand zone
PRICE MOVEMNET : the price stabilizing below turning level around 20,557, in my opinion until the price trade below turning level , reach a support level at 20,245 , then breaking this level reach a next target at 20,083 , if the price breaking turning level create a new resistance level at 20,742
TARGET LEVEL :
RESISTANCE LEVEL :20,742 , 20,871
SUPPORT LEVEL : 20,245 ,20,083
NASDAQ Slow and steady rise within a 3-month pattern.Nasdaq (NDX) is simply extending the new Bullish Leg of the now almost 3-month (since April 19) Channel Up (blue) pattern. Supported by the 4H MA50 (blue trend-line), it should stay this way until the next Higher High, which we anticipate to be at 21300 at least.
That will be almost a968% rise, which is the smallest Bullish leg registered on the May 23 Higher High. The other was +10.40%, so there is a high degree of symmetry among the Legs of this Channel Up.
The 4H CCI on each Bullish Leg is also fairly symmetrical and it shows where we cyrrently might be relative to the previous sequences. Note also that the 4H MA200 (orange trend-line) has been unbroken since May 06 (more than 2 months), indicating that at the moment is the strongest medium-term Support.
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NAS100USD ( UNDER ADP NEWS ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price breakout resistance trendline , indicates the price is under bullish at 19,926
RESISTANCE LEVEL: there is a blue line around 20,088 , indicates selling have already increase this level .
SUPPORT LEVEL : there is a red line around 19,926 , indicates buying have already increase this level .
PRICE MOVEMNET : the price between support level and resistance level , in my opinion after the price breakout the resistance trendline price stabilizing bullish , so the price corrective a support level around 19,926 , after rising to resistance level at 20,088 , then stabilizing this level reach 20,245 .
if the price breaking support level by open 4h candle below 19,926 easily to reach 19,811 and 19,620
TARGET LEVEL :
RESISTANCE LEVEL :20,088 , 20,245
SUPPORT LEVEL : 19,811 ,19,620
Tesla's Stellar Performance Ignites S&P 500 The U.S. stock market reached a new milestone on Tuesday, July 2nd, 2024, with the S&P 500 closing above 5,500 for the very first time. This historic achievement was fueled by a powerful surge in Tesla's stock price, coupled with positive signals from the Federal Reserve regarding potential interest rate adjustments.
Tesla, the electric vehicle (EV) leader, emerged as the star of the show. The company's stock price skyrocketed by over 10%, propelled by exceeding analyst expectations for their second-quarter deliveries. This impressive feat marked Tesla's second consecutive day of strong gains, solidifying investor confidence in the company's future prospects. The positive momentum surrounding Tesla not only propelled its own stock price but also had a ripple effect on the broader market, particularly the Nasdaq Composite. The tech-heavy index followed suit, closing at a record high itself, exceeding the 18,000 mark for the first time ever.
Beyond Tesla's individual performance, another significant factor contributed to the market's bullish sentiment. Federal Reserve Chair Jerome Powell, in a much-anticipated speech, hinted at the possibility of future rate cuts. This dovish stance from the Fed was met with enthusiasm by investors, as lower interest rates are generally seen as a positive catalyst for stock prices. Chair Powell's comments suggested that the Fed is cautiously optimistic about progress made in combating inflation, potentially paving the way for a more accommodative monetary policy in the near future.
The confluence of these events – Tesla's dominance, the Nasdaq's record highs, and the Fed's softening stance on inflation – created a perfect storm for the S&P 500 to breach the coveted 5,500 barrier. This milestone signifies a period of exceptional growth and resilience for the U.S. stock market. It's important to remember, however, that market triumphs are rarely linear. While the current outlook appears optimistic, there are always external forces that can influence market direction.
Looking Ahead: Sustainable Growth or Market Correction?
The question now on everyone's mind is whether this record-breaking rally can be sustained. Analysts hold varying perspectives. Some believe that the market's current momentum is a reflection of a robust and growing U.S. economy, with factors like strong corporate earnings and continued technological advancements fueling the rise. They argue that the S&P 500's ascent above 5,500 represents a new chapter in market history, and further growth is possible.
However, others express caution. They point to potential risks, such as ongoing geopolitical tensions, potential supply chain disruptions, and the possibility that inflation might not be definitively tamed. These factors, they argue, could trigger a market correction in the future.
Investor Takeaways: Navigating the Evolving Market Landscape
Regardless of one's specific viewpoint, this historic event serves as a crucial reminder for investors. It underscores the importance of conducting thorough research, maintaining a diversified portfolio, and having a long-term investment strategy. Investors should also stay informed about economic developments and adjust their strategies accordingly.
The S&P 500 breaching 5,500 is undoubtedly a significant milestone. It reflects a period of exceptional growth for the U.S. stock market, fueled by a combination of strong corporate performance, optimism about inflation, and potential adjustments in monetary policy. However, as with any market rally, there are always underlying risks to consider. By staying informed, maintaining a diversified portfolio, and adhering to a well-defined investment strategy, investors can navigate the evolving market landscape and potentially benefit from the current economic climate.
NASDAQ Nothing to stop this uptrend. Next stop 21300.Time to update our Nasdaq (NDX) thesis from 2 weeks ago (June 20, see chart below), where we called for a pull-back and then a buy on a 20700 Target:
As you can see we got the short-term correction within the (dotted) Channel Up and the index resumed the long-term uptrend of the 8-month (blue) Channel Up. Supported by both the 4H MA200 (red trend-line) and the 1D MA50 (blue trend-line), we expect this uptrend to be extended in a similar way as the January 2024 post 4H MA200 correction rebound.
That sequence completed a +25.78% from the October 2023 bottom, before pulling back near the 4H MA200 again. As a result, we upgrade our Target to 21300, closer to the top of the long-term Channel Up. See also how symmetrical the 1D MACD fractals are between the 2 sequences. We should now be expecting a Bullish Cross, to confirm this Leg's continuation.
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NAS100USD ( CLOSER SUPPORT TRENDLINE ) ( 4H )NAS100USD
HELLO TRADERS
Tendency the price closer a support trendline , indicating the price is under bearish pressure
TURNING LEVEL : a blue line a round 19,903 , which indicates two cases , the first cases until the price trade below 19,903 reach a support level , the second case the price breaking 19,903 , the price created a new historical peaks
RESISTANCE LEVEL : a green lines inside a gold rectangular , an area created above the turning level , the gold price area for the resistance level between 20,083 and 20,288, when it is created the price by open 4h candle above turning level
SUPPORT LEVEL : a red line , an area created below turning level , the gold price for the support level around 19,497 , buying have already increase at this level , this has led to the formation of the demand zone
PRICE MOVEMENT : the price is under bearish pressure until trade below turning level at 19,903 , it will attempt to reach support level at 19,497 and 19,116 , stable below this level reach 18,937 , if the breaking this level the price trying to reach a new resistance level at 20,083 and 20,288
TARGET LEVEL :
RESISTANCE LEVEL : 20,083 , 20,288
SUPPORT LEVEL :19,497 , 19,116 , 18,937
NASDAQ Literally nothing to stop this long-term rally.Earlier this month (June 07, see chart below), we explained why we were very bullish long-term on Nasdaq (NDX) using the 1W time-frame:
The price rose from 19000 to 19750 since and there is literally no technical sign of stopping this tremendous rally yet. In fact, today we bring you another approach, this time on the 2M time-frame.
As you can see, since November 2023, the index is past a Bullish Cross on the 2M LMACD. Since the 2008 Housing Crisis, we have witnessed this signal only 3 times. In fact, despite the presence of a relentless 14-year Channel Up, the most recent LMACD Bullish Cross resembles more the first one on November 2009.
Even though the 2022 Inflation Crisis wasn't the same as the 2008 Housing Crisis, it is the strongest we saw since then. The chart clearly shows that 2-year Channel Up (blue)/ Bullish Legs have been the vessels of upward continuation within the 14-year Channel, while at the same time +135% rises have been quite common.
As a result, before the current rally takes a breather, we can expect to see as high as even 24500 (+135% from the November 2022 bottom).
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NAS100USD ( 4H )NAS100USD
HELLO TRADERS
As I pointed out yesterday , breaking turning level active the bullish direction , rising +275 pip
Tendency the price is a bearish pressure in 19,908
TURNING LEVEL : the price turning level at 19,908 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area
RESISTANCE LEVEL: if the price breaking turning level 19,908 , the price will rise to 20,316 and 20,619
SUPPORT LEVEL : the price trade below turning level 19,908 , it will reach the support level of 19,486 and 19,236 , stable this level reach to 19,109
CORRECTIVE LEVEL : price will 19,908 , correct or swing itself before dropping
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NAS100USD ( short direction )NAS100USD
HELLO TRADERS
YESTERDAT , As mentioned until price trading below turning level decline aimed first target +300 pip , today the price still bearish pressure , until the price trade below turning level at 19,688 , short direction of the price .
Tendency the price is a bearish pressure in 19,688
TURNING LEVEL : the price turning level at 19,688 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area
RESISTANCE LEVEL: if the price breaking turning level 19,688 , the price will rise to 19,905 and 20,092
SUPPORT LEVEL : the price trade below turning level 19,688, it will reach the support level of 19,486 and 19,236 , stable this level reach to 19,109
CORRECTIVE LEVEL : price will 19,688 , correct itself before dropping
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