NDAQ
PTON - Shift In Momentum In Action ↗️Hello TradingView Family / Fellow Traders,
📈 NASDAQ:PTON has been overall bearish trading within the falling channel in red.
PTON is currently retesting the upper bound of the channel and a strong resistance zone highlighted in green.
🏹 For the bulls to assume control and shift the momentum from bearish to bullish, we need a daily candle close above the 7.5 resistance.
Meanwhile, PTON would be bearish and can still trade lower.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Nasdaq pattern vs BTCHistory repeat itself?
We found a very similar price behavior pattern that resembles bitcoin.
This is a Nasdaq stock ($NDAQ) from 2005 to 2015
On crypto, cycles go much faster, so anything is possible
This aggressive rise in Bitcoin is reminiscent of start 2019 Bull Market when BTC skyrocketed from $3.5k to $14k in a few months . Since the behavior of the crowd is often repeated these 2 scenarios are similar and the next growth on crypto can be in this way.
Save and watch
NDAQ on Bullish Long-Term PerspectiveSunday, 6 November 2022
23:15 PM (WIB)
Nasdaq (Nasdaq: NDAQ) announced today (3 November 2022) that its near- and long-term science-based emissions reduction targets have been approved by The Science Based Targets initiative (SBTi). Nasdaq has pledged to reduce absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 100% and absolute Scope 3 GHG emissions by 50% by 2030. SBTi has also validated Nasdaq’s pledge to reduce Scope 3 GHG emissions by 95% to reach net zero by 2050.
Nasdaq is committed to using its environmental, social, and governance (ESG) efforts to lead the shift toward creating more sustainable capital markets. Guided by our purpose to drive economic progress for all, Nasdaq seeks to extend its impact beyond its operations by empowering markets and communities with strategic solutions that have measurable and lasting impacts. “Nasdaq’s climate strategy seeks to reduce our carbon footprint and corresponding emissions and diversify our energy mix with a focus on prioritizing renewable energy sources,” said Ann Dennison, Executive Vice President, and Chief Financial Officer at Nasdaq. “We are encouraged by the early progress we have made toward our corporate sustainability goals and remain committed to increasing transparency with all our stakeholders through our robust ESG reporting as we continue on our journey to reach our 2030 and 2050 net-zero targets.”
Near-term: 2030 Targets Nasdaq pledges to:
Reduce absolute Scope 1 and Scope 2 GHG emissions by 100% by 2030 from a 2021 base year. Annually source 100% renewable electricity through 2030. Reduce absolute Scope 3 GHG emissions by 50% by 2030 from a 2021 base year. Ensure that 70% of its suppliers by spend, covering purchased goods and services and capital goods, will set science-based targets by 2027.
QQQ - Do not forget we are still in the bear marketYesterday, after the CPI print, the Nasdaq 100 index made a new low for 2022 before erasing all early losses and gaining more than 2%. New lows for QQQ marked approximately a 37.8%% decline from the all-time-high value, while for NQ1! this figure was close to 37.5%. As we stated previously, we expect the market to swing up and down ahead of the upcoming FED meeting. Therefore, we want to abstain from setting a price target, and instead, we want to stay on the sidelines and monitor the market.
We think it is essential to wait out the volatility and look for a better repositioning on the short side. In addition to that, we would like to see exhaustion among dip buyers and those predicting the market bottom while disregarding the macroeconomic factors. Accordingly, we stick to our bearish view of the U.S. economy and believe that the market is not done selling.
Despite that, we are very cautious as the market might be positioning itself for a continuation of the rise, which we expect to be short-lived. Furthermore, we expect the bullish hype to continue affecting other sectors of the economy, including cryptocurrencies. Though, we believe this dissolution will clear out with another interest rate hike by the FED and earnings season. Indeed, we think these events will strongly bolster our thesis about the second stage of the bear market.
Illustration 1.01
Illustration 1.01 shows the current setup for QQQ.
Technical analysis - daily time frame
RSI is pointing to the upside but has a relatively neutral structure. MACD and Stochastic are neutral. DM+ and DM- are bearish. Overall, the daily time frame is bearish.
Illustration 1.02
Illustration 1.02 displays the daily chart of QQQ and shows it deep in the bear market territory.
Technical analysis - weekly time frame
RSI started to flatten. The same applies to MACD, and Stochastic strives to perform a bullish crossover. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Illustration 1.03
Illustration 1.03 portrays the section of the current bear market and particular bear market rallies within it. It should serve as a reminder of dramatic moves characteristic of the bear market.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Nasdaq 100 - Volatile moves characteristic of the bear marketWild moves in the market left many traders perplexed over the past few days. However, we are not intrigued by the latest volatile movement. Indeed, we think the immense move up (especially in particular stock titles) perfectly displays the characteristic behavior of the bear market. Furthermore, market participants seem eager to buy any possible dip, which does not align with the capitulation and primary trend reversal.
That view is also supported by the fundamental factors poised to worsen in about a week. With the FED raising interest rates in the range between 50bps and 100bps, we have very little optimism over the medium and long term. In addition to that, plenty of evidence shows the beginning of a recession, which will be challenging to be averted.
As for the technical factors, these show a temporary relief. Nonetheless, we remain bearish on the Nasdaq 100 index and stick to our price targets for QQQ at 290 USD and 280 USD. Our price target for NQ1! stands at 11 000 USD.
Illustration 1.01
Illustration 1.01 shows the Nasdaq continuous futures on the daily chart and within the descending channel. Additionally, two simple moving averages are displayed, 20-day SMA and 50-day SMA. We will pay close attention to these moving averages as we want to see a bearish crossover between them (which will confirm our bearish thoughts). However, if the breakout to the upside (above the upper bound) takes place, the odds will increase toward a bullish side (for the short-term).
Technical analysis - daily time frame
RSI is bullish. Stochastic is slightly bullish. MACD is neutral; however, it will be bullish if it breaks above 0 points. DM+ and DM- are bearish; if they undergo bullish crossover, it will bolster the bullish odds. Overall, the daily time frame is bullish, although the trend is weak, pointing to choppy price action.
Illustration 1.02
The picture above shows the daily chart of NQ1!. The price can be seen increasing over the past few trading sessions. Simultaneously, the volume can be seen decreasing. That is not an ideal picture for the bullish thesis; therefore, we will pay close attention to the following price action. Ideally, we would like to see an increase in volume accompanied by a price decline.
Technical analysis - weekly time frame
Stochastic and RSI are bearish. MACD points to the upside; however, it remains in the bearish zone. DM+ and DM- are bearish. Overall, the weekly time frame is bearish.
Illustration 1.03
Illustration 1.03 portrays the daily chart of NQ1!. The yellow dashed line shows the immediate support/resistance. The breakout above it will be bullish; the breakout below it will be bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NDAQHi all,
Due to the optimistic momentum during the CPI statistics, the NDAQ is looking strong.
Usually, 0.702 Fib. is quite important. and can provide adequate resistance at this level. At this point, crypto bear market rallies typically come to an end.
ADX&DI show some momentum increasing. (Yellow line rising)
Possbile to see an inverese head and shoulder forming next?
11% is not a much left until ATH.
More charts need to be examined for a detailed analysis.
Next is DXY, which displays the USD's strength.
Nq - Short Interest / Gamma Squeee July 15 - July 21Call Buyers were able to earn off the July 15th Gamma Squeeze
into the Day prior to Expiry July 22nd, Friday.
Wall Street managed a near-perfect Trifecta on the move, flipping
the trade on its head into the Close Thursday.
Overbought Conditions moving into Friday assure the Squeeze has
a higher probability of Reversal.
__________________________________________________________
Kick 'em when they're down, kick 'em when they're up.
Perfection in Grifting MAximum Sh_t Mix
Algebra, brah... simple, basic Math that provided hope for the
Bulls and anxiety for the Bears.
It's a Counter-intuitive Trade on balance and what Traders need to
anticipate when we see large overbought readings for NQ.
We had that event with the Highest RSI of 2022 for NQ leading
into the TOSS.
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Aggravating - these perfect Pivots from Port to Starboard. The Boat
Tips and sends the mixed into the drink. Wall Street's Algos have become
extremely adept at siphoning off each and every spike in Liquidity within
the Options expected ranges.
This makes it difficult to determine exactly what they are doing on a
Weekly basis until Extremes are reached.
Unfortunately for most Options traders, the Pre NYSE has provided the
exit on Fridays if you are on the opposing side of the Ship.
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At present, it's a Holeshot range until the 2nd test of the recent highs
or an outright collapse to lower lows over the coming days to a week.
SPY and NDAQ looking to breakoutThe price on both charts are attempting a breakout of the previous resistance line. On this chart, you'll see we are currently testing a previous resistance line. The stock market could start to see a bullish rally for the next few months. We have CPI data coming out on Wednesday. Most investors will use this to see if Fed's will be dovish or hawish when it comes to fighting inflation. My opinion is that they will be dovish since we have seen inflation decrease in June. There are many people who still believe 75bp hike is gonna happen. Any rate hike under 75bp is bullish. August and September should be bullish months as well.
Indicators showing bullish momentum:
Stock price above previous resistance line
MACD is green
AO is about to cross zero line
RSI broke 50 value, and looking to break again
Nasdaq 100 - The FOMC threatens further rise of NQ1!Over the past week, the Nasdaq 100 index has been choppy. Meanwhile, the volatility has dropped and many analysts rushed to call the bottom for the stock market. We repeated several times that we do not believe this bullish narrative. Instead, we expressed our belief in the short-lived “bear market rally”. We still maintain this notion and expect the market to continue lower. Therefore, we would like to set a price target for NQ1! to 12 500 USD and 12 250 USD.
Fundamental factors
We expect the FED to raise interest rates next week, which in turn will put more pressure on the economy. At the same time, we expect economic tightening to further deteriorate the economic situation. As a result, we are bearish on the Nasdaq 100 index and the U.S. economy.
Illustration 1.01
Illustration 1.01 shows the daily chart of NQ1!. The choppy price action occurs mostly within the neutral zone. We anticipate a breakout to the downside.
Technical analysis - daily time frame
RSI is neutral. The same applies to MACD. Stochastic oscillates in the bullish area. DM+ and DM- produce whipsaws. ADX suggests the trend is turning neutral. Overall, the daily time frame is neutral.
Illustration 1.02
The picture above shows a series of false breakouts above the hourly downward sloping channel.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Nasdaq Extremely OversoldThis is a side-by-side comparison of the Nasdaq daily chart from March 2009 with today (May 2022). The charts are looking very similar to one another. The heatmap on the daily chart has not been this cold since the bottom of the Great Recession. The daily plot is nearing a record low. While this daily chart cannot make long term predictions, it suggests that we are at a bottom right now and the Nasdaq is about to move back up for the coming weeks to months.
Nasdaq 100 - A potential bull trap in the futures market?The Nasdaq 100 index showed some relief yesterday and made a higher high since its low on 19th May 2022. However, smaller time frames suggest that the willingness of market participants to buy at rising prices diminishes. Therefore, this leaves us to speculate whether the Nasdaq 100 index is getting positioned for another leg down. At the same time, the daily volume continues to increase which is bearish; also because of that, we still remain bearish on the index and expect it to make new lows. Because of that, we would like to set a new short-term price target for NQ1! at 12 000 USD and a medium-term price target at 11 900 USD (due to become short-term after 12 000 USD is taken out).
Our price targets for QQQ remain at 285 USD and 280 USD.
Illustration 1.01
The picture above shows a bull trap we pointed out just a few hours before the market sold off more than 5%. We notice similarities in the prior and the current developments, which prompted us to our speculation about another “bull trap”.
Technical analysis - daily time frame
RSIs bearish structure remains intact. MACD and Stochastic are bearish. The same applies to DM+ and DM-. Meanwhile, ADX increases. Overall, the daily time frame remains bearish.
Illustration 1.02
Simple moving averages are bearish. Additionally, we pay close attention to the area below the lower bound of the channel.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are bearish. ADX increases. Overall, the weekly time frame is bearish.
Illustration 1.03
The picture above shows the intact sloping resistance.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Potential retest of highNasdaq and the S&P 500 look to retest highs after metals sell off freeing up cash to be injected into stocks, crypto and indices.
CURRENCYCOM:US100
NASDAQ:NDX
NASDAQ:NDAQ
OANDA:SPX500USD
FOREXCOM:SPXUSD
SP:SPX
TVC:SPX
AMEX:VTI
TVC:USOIL
AMEX:SPY
1 Alphabet GOOGL
2 Intel Corp INTC
3 Microsoft Corp MSFT
4 Salesforce.Com Inc CRM
5 Bank of America Corp BAC
6 PayPal Holdings Inc PYPL
7 Apple Inc AAPL
8 NVIDIA Corp NVDA
9 Verizon Communications Inc VZ
10 Cisco Systems Inc CSCO
11 Exelon Corp EXC
12 PepsiCo Inc. PEP
13 Mastercard Inc MA
14 Hartford Financial Services Group Inc HIG
15 Citigroup Inc C
16 Anthem Inc ANTM
17 Accenture PLC ACN
18 AT&T Inc T
19 International Business Machines Corp IBM
20 Ford Motor Co F
21 Adobe Inc. ADBE
22 Visa Inc V
23 Owens Corning OC
24 Intuit Inc INTU
25 Wells Fargo & Co WFC
26 Merck & Co Inc MRK
27 HP Inc HPQ
28 JPMorgan Chase & Co JPM
29 Workday Inc WDAY
30 General Motors Co GM
31 American Electric Power Company Inc AEP
32 Illumina Inc ILMN
33 UnitedHealth Group Inc UNH
34 Cigna Corp CI
35 Cheniere Energy Inc LNG
36 Biogen Inc BIIB
37 Applied Materials Inc AMAT
38 Delta Air Lines Inc DAL
39 Colgate-Palmolive Co CL
40 Equinix Inc EQIX
41 Uber Technologies Inc UBER
42 United Parcel Service Inc UPS
43 Newmont Corporation NEM
44 Lockheed Martin Corp LMT
45 BlackRock Inc BLK
46 Akamai Technologies Inc AKAM
47 Edison International EIX
48 Avangrid Inc AGR
49 Johnson & Johnson JNJ
50 Boston Scientific Corp BSX
51 Public Service Enterprise Group Inc PEG
52 Keysight Technologies Inc KEYS
53 Vistra Corp VST
54 Synchrony Financial SYF
55 VMware Inc VMW
56 FedEx Corp FDX
57 Goldman Sachs Group Inc GS
58 Northrop Grumman Corp NOC
59 Procter & Gamble Co PG
60 Archer-Daniels-Midland Co ADM
61 MetLife Inc MET
62 Entergy Corp ETR
63 Qualcomm Inc QCOM
64 ServiceNow Inc NOW
65 General Mills Inc GIS
66 Dow Inc DOW
67 Deere & Co DE
68 Regions Financial Corp RF
69 Raytheon Technologies Corp RTX
70 Lowe’s Companies Inc LOW
71 Jones Lang LaSalle Inc JLL
72 Walt Disney Co DIS
73 Amgen Inc AMGN
74 Abbott Laboratories ABT
75 Hewlett Packard Enterprise Co HPE
76 Becton Dickinson and Co BDX
77 Campbell Soup Co CPB
78 Costco Wholesale Corp COST
79 Clorox Co CLX
80 ViacomCBS VIAC
81 AES Corp AES
82 S&P Global Inc SPGI
83 Eversource Energy ES
84 Hershey Co HSY
85 American Express Co AXP
86 Edwards Lifesciences Corp EW
87 Nielsen Holdings PLC NLSN
88 eBay Inc EBAY
89 Exxon Mobil Corp XOM
90 Ecolab Inc ECL
91 Nasdaq Inc NDAQ
92 Digital Realty Trust Inc DLR
93 Trane Technologies PLC TT
94 Capital One Financial Corp COF
95 Best Buy Co Inc BBY
96 Kimberly-Clark Corp KMB
97 Eastman Chemical Co EMN
98 Palo Alto Networks Inc PANW
99 Truist Financial Corp TFC
100 Target Corp TGT
NASDAQ - Short PositionShares of Nasdaq (NDAQ) dipped along with the rest of the market, falling almost 13% over the past thirty days. And when expending that horizon to six months, the stock has lost 5%, against the S&P 500’s 1% gain. That’s not a surprise, given the Nasdaq Composite Index itself has corrected by around 13% from its recent all-time high.