Nasdaq weakness before Christmas?Nasdaq weakness before Christmas?
Barely hanging on to gains in a streak lasting ten days, US stocks managed to recover from initial losses and were trading slightly higher on Wednesday. The attempt to secure a tenth consecutive session of gains pushed the Nasdaq 100 to a new record high of 16,830.
In December, the Nasdaq has seen an increase of over 5%, and its performance for 2023 stands at 43%, on track for its best year since 2020. These gains can be attributed to expectations of the Federal Reserve cutting interest rates next year. Additionally, positive economic data this week exceeded expectations, with existing home sales unexpectedly rising and CB consumer confidence experiencing its most significant increase since early 2021.
The NAS100 Index is currently trading above both the 200-day and 50-day moving averages, indicating a bullish trend. However, it is not far from yesterday’s close which raises caution, as it could suggest either a consolidation phase or a potential reversal.
In the short term, there may be some weakness targeting the 16,750 area and 16,400, the latter being the level where consolidation occurred at the beginning of December before the most recent upward movement.
Nassignal
nas100 buying and selling opportuniyhere i am looking for a buy on nas as market execution and will be trailing stop/loss as we move back up to target our selling area that are shown and marked up top
disclaimer - information shared is for educational and demo purposes only, trading is risky and you can loose 100% OR YOUR TRADING ACCOUNT
NAS100 USA TSR & Buy Sell Zone Chart Alpha Capital Wealth
This is a most basic style chart I have made.
Each yellow box is from 21:00 / 08:00
There is session breaks added to see each day clear.
I have highlighted buy zones in green horizontal lines.
& the sell zones in a red horizontal line.
Simply to use this chart.
Take buy zones and add buy limits or entries in the zones, ( price related)
To take sell zones enter the sell limits by the sell zone or enter on the sell zone.
I have used a yellow horizontal line as a Time Sensitive Resistance Level, a strategy our team ACW has developed TSR’s in this chart are USA SESSION.
Hope it’s clear enough.
I’ll be posting more daily !!
Happy trading.
Nas100 what to watch out for!Hello traders,
Last week we witnessed a strong decline in Nas100 and bears were very aggressive. Bears managed to push price close to the demand zone of 13200. There are two possible scenarios this week. If bears continue to dominate and manage to break below 13000 the only area we will expect bulls to show up is the March 2021 low at 12200.
On the other hand, if bulls can be able to hold price at 13000 and 13200, we can expect an increase in price and strong bullish momentum.
I will be looking for any possible signs to either go long if there can be bullish confirmations or go short if bears successfully break below the 13000 demand zone.
Friends, if you find this idea helpful please support it with likes. I will be thankful.
Also do let me know your bias in the comment section below. Will you be more interested to go long or short and why?
Nas100 might rise and here is why/long setupHey traders,
Our eyes were fixed on the index as from yesterday.😄 From my previous idea I mentioned why I was interested for long positions seeing that it is trading in the vicinity of a very significant level.
This morning, we carefully monitored price and market structure. What caught my attention was the falling channel on lower timeframe that was violated to the top.
On the left is my 1 hour timeframe outlook, which shows the falling channel.
On the right is my daily timeframe outlook. If we take a closer look we might have an idea of what is unfolding. Might this be an inverse head and shoulders pattern? If so then we might see bulls beginning to take control of the market.
An inverse head and shoulders pattern is a classic pattern considered as a bullish reversal pattern after bears were in dominance. To fulfill an inverse head and shoulders pattern, the right shoulder should at least have the same move or length as the left shoulder. (Not exact) but the left shoulder should give us the initial target and where to set it. Remember, this is not yet an inverse head and shoulders pattern, we are just making assumptions. It will only be if we see price successfully crossing above the neckline.
Picking bottoms is risky. But trading is also risky. Just trade smart. Hahahaha.
If you enjoy this please be kind to leave a like and comment. Let's exchange thoughts in the comment section below.
Trade smart❤️
NAS100: Do not miss this buy opportunity!Traders as I mentioned previously, if bulls break above 14840.00 we can expect more buying pressure. Getting a boost from the giant stocks now turning green, we can only be confident that the Nas100 whales are back and higher price will be driven.
I am very eager to see what will happen at the nearest high at 15250, a break above this level bulls will continue to dominate until 16000. I will probably take partial of my profit at 15250 and lock in some positions.
If you caught this trade from my previous idea then congratulations.
Do not hold back your appreciation by liking this idea.
Nas100 is on the edge of a cliffWith about - 14.18% Nas100 plunged from it's overall high of 16780.44 to 14400.00. The race that has been outstanding for the bears and that has put bulls endurance to the test. Now that it landed at 14400.00. What is the future of Nas100? Since this level is a historical support level where price bounced up strongly in October of 2021. Will we see a strong rejection and rebound from this level or will bears continue to oppress the poor bulls? Only time will tell.
At this point, the game is quite complex, trying to play this game would be riskier than anything else, for sure there are many instruments to look at, Gold, Silver, Pound, NZD and so forth.
At this point I am only interested in watching the bears and bulls in the ring and far I shall stand. Hahahahaha😂
Yes, until one is exhausted, I will determine the Victor. I will go with the flow, at the point when one has paved the way for me.
Point of interest:
▪️14400.00 is not only a historical support level, as I plotted the Fibonacci Retracement tool from point A (swing low) and point B (swing high), 61.80% significant level is on the same zone.
This is the only chance the bulls have; failure for them to hold price at that level, it could lead to yet another bloody week and bears will have no mercy (it comes once or twice in a year for the bears), definitely it would be an opportunity for them to flex their muscles. If the bears completely violate 14400.00, the only level bulls will show up is the 14000.00 psychological level or the 78.60% fib level at 13748.80.
In addition to that, the market is bearish as we see that the 200 moving average was already breached. Even the 50 and 100 moving averages are floating above the market.
Well, the rest is left for discussion and each one use his/her discretion.
What are your thoughts on this? Please do share with me in the comment session below.
Will Nas100 rise or fall from here?
If it does fall, what is the last level you looking at?
If 14400.00 holds, how are you planning to trade this?
Hey, do not forget to like this. I am watching you😂
Nas100: Keep this level for buy opportunityHello traders,
We will be going long on Nas100 based on these conditions. Will be waiting for price to break above 15382.59 and see if there will be some sort of retest around the same level with candlestick rejections. I have two targets in mind 15585.46 and 15758.58.
Unless the conditions are met, no trade will be taken.
Reason for the long setup:
Price has been consolidating in a descending pattern, printing lower highs and lower lows. If price successful breaks above 15382.59 that will confirm buyers strength. If bulls can be able to hold 15382.59 they can be able to push price to the two levels given.
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Thanks
Nas100 will continue to rise and bulls target 16400Hello everyone and happy new year. It's always a joy to see another year and happy to be back to work again.
Here is just a quick outlook of Nas100. We can see that bulls are fully in control. After price made a fake break out on the support of the channel, bulls managed to push price back in. At this point we could see bulls continuing to dominate and send price to 16400 or beyond.
Friends please do show your support with likes. If you have any thought about this idea please do share in the comment session below.
Thanks
REACTION zones ahead of NFPheaded into NFP friday. Reaction zones here to watch for. Im really not worried about the number changing my bearish HTF bias right now. Good payroll gives the fed confidence to start tapering which should lead to some more downside and im expecting a good number tomorrow maybe even beating forecast. Trade carefully.
NAS100 ANALYSIS Sell set up on nas100.
we are currently in the correctional phase of the market as the market closed at the end of the impulsive move and we are now anticipating a further push to the downside with a RR of 5.1. If you are looking to take this trade. Wait for an entry confirmation on the M15 and set your stop 15-20 points away.
An update will be posted throughout the trading week and other trade ideas will be posted throughout the day.
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have a blessed trading week!
NAS100As I said last week...NAS100 even exceeded the values I predicted and reached an all-time high! a small correction will probably follow until around 13879 and from there UP again to the sky!
however ... a close below 12879 even for 1 day will make me think of SELL up to the 12500 area and from there ... UP AGAIN
THIS WEEK...NAS100 made the correction I was talking about and now I expect it to go up ... but only the sky is the limit !!!!
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We also recommend avoiding short-term trades during this period because news can appear at any time that can destabilize the market.
*This information is not a Financial Advice.