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Nasdaqtrading

NASDAQ: Bullish as long as the 4H MA100 holds.Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern. As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which case the downtrend was extended to the 4H MA200 (2 times also). The 4H RSI has a clear Buy Zone and it just bounced on it, so we're already bullish (TP = 14,950). If though the 4H MA100 breaks, we will open a short term sell as well, targeting the bottom of the Channel Up (TP = 14,000), where upon contact with the 4H MA200 we will add a 2nd buy. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
3
NASDAQ May be entering a short term correction waveNasdaq / NDX / US100 is near the top of the 6 month Channel Up. Since the middle of that pattern, it started to form a narrower Channel Up. So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous. The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up. Sell if the RSI crosses under its MA line. Buy a little over the 1day MA50. Target 15280 (Resistance A, High of March 29th 2022). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Short
by TheCryptagon
6
NASDAQ There is still room to riseNasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h). The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci. The long term pattern remains a Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022). Tips: 1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
7
NASDAQ: Overbought and in need of a technical pull-back.Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and the 1.5 Fibonacci extension (TP = 15,300). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
14
NASDAQ: Keep buying on pullbacks.Nasdaq has turned the Channel Up into a Rising Wedge on the 4H time frame with technicals healthy bullish (RSI = 60.461, MACD = 23.460, ADX = 25.411). The current rebound is on the 4H MA50 and every pullback is a buy opportunity, targeting the top of the Rising Wedge (TP = 13,450). If it closes under the 4H MA200, we will add a second buy, targeting the top of the Channel Up near R1 (TP = 13,650). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
1
NASDAQ: About to fill the August 2022 Gap.Nasdaq is on a long term Channel Up with bullish technicals on the 1D timeframe (RSI = 56.673, MACD = 124.440, ADX = 30.096). In addition to those bullish indicators, it kept intact the 1D MA50 last week as Support, while also having the RSI rebound on the HL trendline. Consequently we remain bullish on Nasdaq long term (TP = 13,730), expecting it to hit R1 which is the August 16th 2022 Top. That would be a little less than a 8.50% rise from the April 25th Low, which represents the decreasing rate of growth on each Higher High (+20.50%, +13.30%, +8.50%). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
5
NASDAQ: Consolidating. Breakout and pullback levels to considerNasdaq is consolidating around the 4H MA50 for the past 2 weeks with 1D technicals turning neutral (RSI = 54.883, MACD = 132.650, ADX = 34.947) for the first time in 1 month. The LH trendline on the 4H RSI hints to comparisons with the February consolidation. That pattern broke under the 4H MA200 to the 0.5 Fibonacci level and then rebounded. Consequently, we are either buying a potential breakout over the consolidation Channel or a pullback near the 0.5 Fibonacci. In either occasion we target the R1 (TP = 13,750). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
NASDAQ: Gap fill at 13,750 imminentNasdaq has completed a rather neutral week, after getting rejected on the 0.5 Fibonacci, accurately depicted on the mixed 1D technicals (RSI = 59.704, MACD = 168.310, ADX = 29.641). The Rising Wedge is leading the index towards the R1, the most important Gap Fill of August. As long as the 1D MA50 supports, we will stay bullish (TP = 13,750). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
5
NASDAQ: Short term buy opportunity.Nasdaq turned the 4H timeframe neutral (RSI = 45.569, MACD = 13.770, ADX = 42.721) as it hit the bottom of the Channel Up pattern, just under the 4H MA50. Given that the 4H RSI also hits its HL trendline, that becomes a strong buy opportunity on the short term. There is also a HH trendline involved that has formed a Rising Wedge, so we set our Target on it and not based on the Channel Up (TP = 13,430). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
NASDAQ The rally is far from overNasdaq is trading inside a long term Channel Up and is staging the second bull leg to its Top. The market formed a Golden Cross (1d) four weeks ago, the first since May 22nd 2020. Trading Plan: 1. Buy on the current market price and as long as it stays over the MA50 (1d). Targets: 1. 13730 (Resistance 1). Tips: 1. RSI (1d) remains over its MA period and reveals exactly where the price is at in relation to the previous bull leg (around January 30th). Please like, follow and comment!! Notes: This is a continuation of this trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
2
NASDAQ: Targets the August High on this pullback.Nasdaq hit R1 (13,200) last Friday and with that our short term target. The 4H technicals remain bullish (RSI = 61.642, MACD = 91.200, ADX = 41.779), so are the 1D ones, within the long term Rising Wedge since October and the Triple Bottom that followed, so the trend remains bullish. After however the first 4H Golden Cross (on March 22nd) since January 18th, the current bullish leg is following that pattern of the former one. This suggests that one last pull back is possible before the price tests R2 (13,735), which is the High of August 16th. Buy the pull back, TP = 13,700. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
ULong
by InvestingScope
4