NASDAQ 100 CFD
NASDAQ: This is a short term correction leading to 21,500.Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November 2020 that resumed the uptrend afterwards almost as high as the 4.0 Fibonacci extension level. The RSIs are very much alike as well, under LH trendlines. Consequently our long term target is slightly under the 4.0 Fib (TP = 21,500).
See how our prior idea has worked out:
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NASDAQ Emphatically below its 1D MA50 after +5 months!Nasdaq (NDX) is on the pull-back process, a correction that we called on our March 12 idea (see chart below) when the index reached the top of its 1 year Channel Up:
Even as recently as last week (see chart below) we called for the ideal sell entry and set a 17500 Target:
As you can see, the index emphatically broke and closed below the 1D MA50 (blue trend-line) yesterday for the first time in more than 5 months (April 04 also closed below it but only marginally). That is technically as strong bearish break-out signal.
The idea now is that we want the index to hit the 1D MA100 (green trend-line), which has been intact since November 06 2023, see how the market reacts and then determine if that is a low or not. Technically if it replicates the August 18 2023 Low, we should be expecting a Low on the 0.3 Fibonacci retracement level at 17,150 at least, which also happens to be just above Support 1.
The decline on the Aug 18 2023 Low was of the -8.52% magnitude, so that gives us a 16900 downside limit. We don't expect the pull-back to go that low though this time. A fair bottom signal can be when the 1D RSI hits 35.00 or the bottom of its Channel Down, similar to what took place on August 18 2023.
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Weekly Plan NQ Futures 4/14/2024Weekly plan: NQH2024
SEED_ALEXDRAYM_SHORTINTEREST2:NQ FUTURES 4/07/2024
18406 >> 18566 >>> 18718
Weekly pivot: 18284, Now 18172, Weekly Open TBD
18063 >> 17934>>> 17734
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Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets:
Weekly Pivot: 18284
Current Price: 18172
Upside Targets:
First Target: 18406
Second Target: 18566
Third Target: 18718
Downside Targets:
First Target: 18063
Second Target: 17934
Third Target: 17734
Trade Plan:
Long Trades: Look for buying opportunities if the price remains above the weekly pivot (18284).
Entry: Consider entering long positions on pullbacks towards the pivot (18284) or if the price breaks above the current price (18172).
Targets: Target the upside levels of 18406, 18566, and potentially 18718.
Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week.
Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18284) or the current price (18172).
Entry: Enter short positions on breakdowns below the pivot (18284) or the current price (18172).
Targets: Aim for downside targets of 18063, 17934, and potentially 17734.
Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week.
Risk Management:
Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels.
Consider using trailing stops to lock in profits as the price moves in your favor.
Monitor the market closely for any changes in price action or news events that could affect the trade.
Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
NASDAQ Will the 1D MA50 hold or break and start a correction?Nasdaq (NDX) marginally broke and closed a 1D candle below the 1D MA50 (blue trend-line) last week but quickly recovered on Friday and this week has established its price action above it. Still it is under Lower Highs following the March 21 Double Top.
It is a fact that the 1D MA50 hasn't been broken in 5 months (since November 03 2023) so last week is the first bearish sign after much time, but the quick recovery leaves a neutral, to say the least, tone. However, the (dashed) Channel Up is already broken downwards, so we will wait for a final bearish confirmation, with the condition being another 1D candle closing below the 1D MA50.
If that happens, we expect a Channel Down to emerge similar to July - October 2023. In that case, we will be looking on the short-term for a 1D MA100 (green trend-line) test, with a minimum Target at 17500.
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NASDAQ Below the MA50 (1d) for the first time since November.Nasdaq crossed yesterday under the MA50 (1d) for the first time since November 3rd 2023, as well as the 5 month Channel Up.
This is a major sell signal as last time it did that coming on a Channel Up (August 9th 2023), it initially dipped to the 0.236 Fibonacci level.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17450 (Fibonacci 0.236 as well as a little over Support (1)).
Tips:
1. The RSI (1d) has been on a Channel Down / Bearish Divergence since January 24th. Additional strong bearish signal at least for the short term.
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US100/NASDAQ/USTECH/NDX100 Bullish Robbery planHello My dear Indices Traders,
This is our Day Trade master plan to Heist Bullish side of US100 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Reversal area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop.
My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
NASDAQ: Pullback to 17,400 to test the 1D MA100.Nasdaq has turned neutral on its 1D technical outlook (RSI = 54.257, MACD = 119.240, ADX = 31.710) for the first time in 3 weeks, after a rejected on the R1 level (18445), which formed a Double Top. If it crosses under the 1D MA50 (which has been in support for 5 straight months), we will have a breakout sell signal and we will target the top of the S1 Zone (TP = 17,400). The 1D MA100 is expected to be there by the next 2 weeks. The 1W RSI is also giving a bearish signal as it was rejected on its Resistance Zone and is already downtrending under the MA.
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NASDAQ Short-term Support is failing.Nasdaq has been trading within a Channel Up pattern since late January and as you can see on the chart, every time the Bullish Leg held the 4H MA50 (blue trend-line) halfway (blue ellipse), the price continued the uptrend for a +5% Higher High.
This time, the index closed a 4H candle below the 4H MA50, for the first time before a Higher Highs was priced. It is now probable to see a 1D MA50 (red trend-line) test for the first time since November 03 2023. If not and the index closes today's 1D candle above the 4H MA50, then we will consider it an invalidation and bullish continuation signal and we will buy targeting 18700 (+5.38% rise from the last Higher Low).
If it fails to recover the 4H MA50, you may sell intra day towards the 1D MA50 but a more stable signal is to sell the break-out below the Channel Up, either on the spot or after the price rebounds to test the 1D MA50 as Resistance. In either case, our bearish Target will be 17410 (0.382 Fibonacci retracement level).
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End-of-Quarter sell-off effectAccording to ChatGPT:
Yes, end-of-quarter sell-offs are a phenomenon observed in the stock market where investors may sell off their holdings toward the end of a financial quarter. There are several reasons why such sell-offs occur:
Portfolio Rebalancing: Institutional investors, such as mutual funds and pension funds, often rebalance their portfolios at the end of each quarter to maintain their desired asset allocation. If certain stocks have performed well and become overweighted in the portfolio, they may sell some of those stocks to bring the allocation back in line with their strategy.
Window Dressing: Fund managers may engage in window dressing at the end of each quarter. This involves buying or selling securities to improve the appearance of their portfolio holdings in reports to clients or shareholders.
Quarterly Earnings Reports: Companies typically release their quarterly earnings reports shortly after the end of each quarter. If these reports are disappointing or if there are concerns about future earnings growth, investors may sell off their holdings in those companies.
Tax Considerations: Individual investors may engage in tax-loss harvesting toward the end of the quarter to realize losses for tax purposes. This could lead to increased selling pressure on certain stocks.
These are just a few reasons why end-of-quarter sell-offs may occur in the stock market. However, it's important to note that not every quarter sees significant sell-offs, and market behavior can vary depending on a wide range of factors including economic conditions, geopolitical events, and investor sentiment.
Nasdaq US100 Definitly Bullish will Go to 23000-25000,because...
I have many open and long positions in Nasdaq: See Chart I have marked my current positions and also future Entries....
Use lower TF only for long setups. Stop to listen to chats and Social Media to other so called Experts:If THEY really tade, whyy are they 99% of time wrong?
And someone who is for hours in the chats and yt ans social media, will never focus closely and seriously on trades. So stop listening to the scams,
Ok here we go. Watch the chart above. We are on Long bullish trend eekly minthly daily.:
Nowon lowertf you wanna take only Bullish trends.ONLY!
Stop going shorts:WHY? Cuz Beartrap. The speculators wanna take your money, so they gonna make you think its falling, crashing.
A correction is not a crash. Understand this. If you dont understand, then you are not a trader. Look for another busness oppurtunity.Trading ill be wring for ya.
So the market came down last week because of Gap filling.
You should understand the philosophy of the Gap filling.
Again stop listening to the scam out there, Do your home works. Analyse your mistakes of the last week.An breath.Relax.
Ok we have cup and handle. The current trend is bullish, the current pullback is natural and healthy, as I mentioned on my previouse NAsdaq analysis and trading ideas. Go there, read the updates and comments I put everyday below the charts,and studey them. My updates brings you money. Be thankful that I am commenting my ideas, you can only take benfit of it.
My Tading plans are based on logic,facts, charts, and objective. NO EGO NO EMOTIONS NO FEELINGS: Fundamentaly are bullish, summer volatility is down ,ut now rising, and the chart is bullish, it means now big traders coming back from holdiay and they will buy Nasdaq massively.Also during the summer pause the volume was extremely high. I have learned my trading by legends like Anton Kreil. If you dont kno who he is, search.... good.
Lower tF only to time for bullish setups.
Ignore bears, news. They all are old.Made by Market manipulators. Instead wake up and use Brain and logic.
Bullish Facts and Fundamentals:
Michigan Consumer Confidence Falls In August, But Beats Expectations: Declining Inflation, Resilient Job Market Key Factors
US Inflation Metrics Diverge, Complicating Outlook for Cooldown
Strong services costs lift US producer prices; inflation expectations dip
US stocks finished mixed on Friday, as investors were digesting fresh inflation data and assessing the future path of the Federal Reserves. The Dow Jones closed 105 points higher, supported by gains from Chevron (+2%) and Merck & Co (+1.8%). Meanwhile, the S&P 500 edged lower by 0.1% and the Nasdaq lost nearly 0.7% pulled down by a sell-off in shares of AMD (-2.4%), Nvidia (-3.6%) and Micron (-1.6%). Producer prices, which tracks the price wholesalers pay for raw goods, rose 0.3% on the month, raising bets the Fed will need to keep rates higher for longer. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. On the week, the Dow dipped 0.1%, while the S&P 500 lost 0.7% and the Nasdaq sank 1.8%, a second consecutive week of losses.
The Dow Jones attempted gains while the S&P 500 and the Nasdaq fell by 0.3% and 1%, respectively, after higher-than-expected producer inflation prints increased bets the Fed will need to keep rates higher for longer. Producer prices rose 0.3% on the month, led by a rebound in services cost. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. Traders now see a nearly 87% chance the central bank will leave interest rates steady next month, below 90% before the PPI release, and the odds for a 25bps hike in November have been rising this week and currently stand at about 29%. The tech and communication services sectors were the worst performers. On the week, the Dow is up 0.5% so far, while the S&P 500 lost 0.4% and the Nasdaq sank 2%, a second consecutive week of losses.
Bitcoin | A New OutfitCrypto analysis is almost entirely based on models.
Models that work, until they don't.
1st Law of Trading: Models and "laws" like the power law, stop working when everybody agrees on them.
2nd Law of Trading: The 1st Law is a paradox.
3rd Law of Trading: There are no laws.
4th Law of Trading: This statement is false.
Aaaaand I broke AI.
(Portal 2 would suggest that, who knows if we could break ChatGPT with a simple paradox)
Shiny smartphones and large mirrors can make you look like a completely different person.
It is magic really... Computational Photography on your favorite pose/profile can make you a supermodel. And so, I decided to change up the mirror of Bitcoin to make better sense of it. It is like removing the beautification filter.
A simple analysis many could agree with.
Crypto is a child of Big Tech, much like "AI" is.
Crypto may be facing a grim future.
But AI has just began it's ventures.
We should however think twice.
And perhaps think thrice, just to make sure...
Is NVDA ridiculously overextended, or is it just starting killing Bitcoin?
Has NVDA found the secret sauce to take advantage of crypto dynamics?
I don't know the answer to the questions above.
(I have) no one to follow and nothing to teach.
Tread lightly for this is hallowed ground.
-Father Grigori
QQQ bearish Head-and-Shoulders pattern confirmedNASDAQ:QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started.
Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
QQQ Nasdaq 100 ETF Options ahead of the FOMC decisionAfter the 2023 Price target was reached for QQQ:
Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data.
Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline.
I would consider purchasing the 416usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $2.55.
My end of the year Price Target for QQQ, the Nasdaq 100 ETF, is $470.
$QQQE & $RUT show breadth is not as bad as they're saying$QQQW is the equal weight NASDAQ:NDX and it is at an all time high, forming a cup. The question is, "Will it form the handle & breakout"?
TVC:RUT is in an uptrend but facing trouble at resistance.
This shows that breadth is not as bad as they paint it to be. However, it could be a lot better.
AMEX:IWM
NASDAQ Correction not over yet but won't be a big one either.Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel:
Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one either. On the 1D time-frame we set a 17130 Target and that seems to be almost in perfect sync with what the 1W time-frame shows us, which is at most a test of the 17,000 - 16,850 range.
What's the importance of this? Well that is the horizontal level of the previous November 2021 All Time High (ATH), i.e. a Resistance, that may now turn into a Support. As this 1W analysis shows us, since NDX started trading inside a log Channel Up since 2010 (that later broke upwards thus is best viewed here by the Fibonacci Channel levels), the prior Resistance has been tested and held 9 times (with the exceptions being the March 2020 COVID flash crash and of course more recently the 2022 inflation Bear Cycle).
The key on those sequences has been the formation of Lower Highs on the 1W RSI when done above the overbought barrier (70.00). The 2nd Lower High has basically been the technical sell signal that called for the formation of the medium-term Top.
At the same time though keep in mind that on all those medium-term corrections, the index touched the 1W MA50 (blue trend-line), with the only exception being the September 2020 pull-back. The 1W MA50 is currently at 15500 (but rising aggressively), considerably lower than the 17,000 - 16,850 Support Zone. The difference maker in any case would be the Fed's outlook towards potential rate cuts this year. The slightest mention of potential cuts either this Wednesday or later, would be enough not to let the index free fall to the 1W MA50.
In any case, this chart shows long-term investors when to consider to take some profits (RSI Lower Highs) and then when to have the patience to wait a few weeks - 2 months before entering again. On the long-term we expect a minimum repeat of the September 2020 - November 2021 rally towards the 2.0 Fibonacci extension. As a result our long-term target on Nasdaq is 27000.
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silver daily best level to buy/hold 20% gains🔸Hello traders, today let's review day/candle price chart for spot silver.
strong recovery in progress currently, limited downside and bulls maintain strategic advantage.
🔸V-shape recovery in progress, also potential bullish IHS setup (required confirmation).
right now we triggered mild overhead resistance near 25 usd and therefore expecting
short-term pullback before further upside.
🔸Recommended strategy for silver bulls: wait for pullback from overhead resistance and
be ready to reload on buy side near 23.10/23.50, stop loss fixed at 22.50. TP1 25.50
TP2 27.75 +20% gains / buy / hold setup for patient traders only. good luck!
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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NASDAQ Channel up transitioning to a Head and Shoulders.Nasdaq broke and closed today a (4h) candle under the MA200 (4h) for the first time January 8th.
By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern.
Its target is technically the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17200 (the 2.0 Fibonacci extension, located between Supports 1 and 2).
Tips:
1. The RSI (1d) is inside a Channel Down since the start of Nasdaq's Channel Up, which is a technical Bearish Divergence. It shows that the bullish momentum has lost its strength.
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