Nasdaq Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NASDAQ 100 CFD
NASDAQ Heavily bearish. Short the next bounce.Nasdaq / US100 has turned bearish on the medium term after crossing under the 1day MA100.
The 4hour RSI is oversold so on the short term we can see a rebound, that will be ideal for a new short position.
So far it follows the structure of the prior selling sequence (July 19th-August 18th) and proportionally we are on the spot where the bounce happened on Fibonacci 2.0.
The closer to the 4hour MA50 it gets, the better. Sell and target 14430 (Fibonacci 2.786).
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$TNX $NDX $DJI $SPX $DXY $VIX calls from Sept 11 on pointWe posted an interesting idea September 11th. These are today's notes.
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The TVC:TNX is pumping higher - "Coincidentally" the SAME time frame that the TVC:NDQ TVC:DJI & SP:SPX are breaking down!
The 2yr has moved a bit & is testing a breakout level.
All shorter time frames from the 2year are STAGNANT!
#stocks #dollar #yield
NASDAQ: Below the 1D MA100 after 8 months! Attention needed.Nasdaq crossed under the 1D MA100 today for the first time since January 20th (exactly eight months) with the 1D technicals turning bearish (RSI = 38.504, MACD = -53.900, ADX = 32.187). Following a much more hawkish than expected Fed yesterday, the market is taking this opportunity to take profits on a relief pull-back after what was basically a non-stop rise throughout the year.
From a purely technical perspective, the pattern that has the most probabilities to emerge is a Channel Down. Assuming a perfect symmetry on its LL legs, we expect the current wave to be the bearish leg that will take it on a -8.72% decline to the bottom of the Channel Down. We will sell as long as today's candle closes under the 1D MA100 and target a little over S2 (TP = 14,300).
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21092023 - #NDXMarket moved up initially, hit PZ exactly as given () before coming down on FOMC. Price action looks bearish and thus should see further downside. If market can reclaim 14951, will try a counter trend long to 15021 and 15079 before looking for further downside. If market goes down from here instead, will look for reaction at 14861 or at 14775 strong level for a good bounce.
NASDAQ Channel Down buy signal. Short term.Nasdaq is trading inside a Channel Down pattern after the August bullish wave failed to cross over the Falling Resistance of the July High.
The price is currently off a bounce at the bottom of the Channel Down and around the MA200 (1h), which makes it a buy opportunity.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15450 (top of Channel Down and Falling Resistance).
Tips:
1. The MACD (4h) formed a Bullish Cross on the same level as the Channel's prior Lower Low. An additional buy indication.
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NASDAQ Bottom of the 2023 Channel but watch out if it breaks.The Nasdaq Index (NDX) has been basically trading sideways and around the 1D MA50 (blue trend-line) since September 07. This led the price to the bottom (Higher Lows trend-line) of the long-term Channel Up pattern that has been in effect since the December 29 2022 market bottom. The key Support trend-line has been the 1D MA100 (green trend-line) which has been holding since January 20.
As a result, this is the most optimal level to enter a buy (bottom of the Channel Up) and target Resistance 2 at 16570 (January 04 2022 High). If however the price breaks below the 1D MA100, we will take the loss and instead open a sell, targeting the 1.5 Fibonacci extension at 13900, on a potential contact with the 1D MA200 (orange trend-line).
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$DJI $NDX $SPX show warning signs UpdateGood Morning!
We turned neutral, from Bullish Sept 2022, late July - early August.
Since then #stocks have traded slowly lower.
For the moment all major indices trade ABOVE longer term moving avgs. This tends to be a good sign. However, they're all trading sub short term moving avgs.
Furthermore:
Indicators like RSI & Money Flow have eroded recently
They've also formed ominous patterns, as follows:
DJ:DJI formed Rising Wedge.
NASDAQ:NDX $ CBOE:SPX Head & Shoulders.
Most likely these patterns will resolve soon. Either confirm or break.
Have an awesome trading week!
Nasdaq Long As I said 1 month ago NQ100 Will Go to 22000Trend Bullish
P above vwap yearly
Maket profile shiftig higher
POC shifting higher: Now the 15 most institutions and institutional traders, that control more than 75% of the makets( Market makers show their cards:Thier footprint is POC, a phenomenon they cannot hide, but shows exactly what they are thinking, where they buy or sell, and a forecast where they will go to)....
And it is cystal clear:They wanna higher prices....
FED is losing power, and enarly noone but noone does care what FED or Powell and his freinds are telling ya.
The truth is that that the so called infation(yes so called inflation as it was made by FED itself) is cooling down, DXY is depreciating, and retail traders are becoming smarter. The bear market of 2022 was a good teacher, and those among us started to learn, learn and understand the markets, some better than the most professional investors,traders and institutionals...
This lesson was hard but it was worth it:
The smart trader of today has clearly underszoad that no one ,but no one can stop the trend.
And he has also understoad it takes more than watching the news ,following blindly the FED or the so called ,, EXPERTS,,---Those who were made and nouuned as Experts by the media....that is gaining its profits out of the losses of the retail traders, some professionals and most amateurs.
The reality is:
The true fundamentals facts we are reading and watching every day are not true at all: 99% fake, false,manipulated.
What can we do? How can we know if the news we get are fake or real?
Well: My answer is we can´t! And if some news are real, they wont help us. Why? Because they are old. Done,Gone.
The news are made by humans, and the persons are making news they have intentions:Money,Power,....Many insiders, many intrigues...
Well this is trading. It seems to be a chaotic jungle:If we ignore the rules. This is trading.
What to do:
I found my own answer, that helps me to stay focused,awake and profitanle.I m not saying that I make all the time profits. But I use to say over the long run I have beat and will beat the markets,many times,again and again. Drawdowns are part of the game, and every trade we take, might it be on lower or bigger TF displays drawdowns,because the markets are volatile:Some more and some less.But they all are volatile.
It also depnds on your protfolio,if you trade 1 asset, or more assets, and the time horizons...
Statistically, and you can check it up day trading will end in losers, as there is a 50 50 chance to win or lose in day trading.
On longer TF and time horizons that statistics change thier edge into higher win chances...
Therefor I trade only big TF, and only the trend. The intradays ,i use to buy or sell in trend directions..Only.
Back to Nasdaq:
Inflation cools down
Oil down
DXY down
Higher Highs Higher Lows
Higher POC
Volatility of VIX down(Risk down)
RSI long term above 50
Stochastic bullish
The market makes higher highs, and Higher lows, but RSI makes Higher highs and lower Lows!This is a clear indication that the trend will continue and the new part of the trend will be mch more stronger than the previouse one.
Why 22000 and higher: The companies will and must make more profits than expeted to compensate thier past losses of the last 3 years, and evetuelly get prepared for future crashes...So they will increase the production, that increases more job demands, that leads to more hiring people, that will boost household incomes, that will boost more spending because ppl earn more income, that will rise the production cycle of the economy as the production rises, that will prevent RECESSION!
Yes ! Recession: FEDs propaganda is recession, that wont come! Why? Well then read the logical aruments above! And i gotta tell ya something: The aruments above are for real and they are real facts of the last 80 years wrld economy. China, Japan, Europe! Even during the worse crashes China and Japan have been the first countries tehy recovered fast. Japan is refusing to increase the interest rates, and Just see how the economy machine is rolling on...The americans have understoad that logics, and it seems that FED and its friends have not understoad it, or they are unable to understand it.
What is the Makrets answer? They BULL Nasdaq,Dow Jones, S&P and all other indices. That is they answer,and that makes FED much more powerless.
Power to Traders.
Good Trades and Good profits.
Dave
DOW JONES -Divergent Patterns: Comparing Dow Jones and Nasdaq...In my previous video, we examined the long-term perspective and established that we're in the early phases of a significant bull market since the Global Financial Crisis (GFC). In this video, we delve deeper into the current market waves, highlighting the distinctive patterns between the Dow Jones and Nasdaq. Join me as we explore what to anticipate in the near future.
NASDAQ: This is the buy signal you're looking for.Nasdaq is on a neutral 1D technical timeframe (RSI = 54.797, MACD = 35.170, ADX = 44.268) as it remains below the LH trendline within the 4H MA50 and 4H MA200. Only yesterday did it make a HL at the bottom of the short term Channel Up. We don't know if that will be enough to sustain this bullish trend but the price managed to close over the 4H MA100 again (holding since August 29th).
However if the price closes above the LH trendline it will confirm the bullish trend much like it did on August 23rd. The 4H is on a Bullish Cross so we will be ready to buy this breakout. The target will be the top of the Channel Up at a +5.56% maximum extension (TP = 16,000).
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Nasdaq Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
NASDAQ One last Falling Resistance to break.Nasdaq / US100 continues to trade inside the Channel Up from the start of the year.
It has one last Resistance to cross and that is the Falling Resistance of the July 19th High.
As mentioned previously, this continues to be an identical price action to February / March.
You may take a confirmed sell, once the Falling Resistance breaks and target 16250 (Fibonacci 1.236).
Previous chart:
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Nasdaq Extremely UV (Not like 2002) Again Check The M2 Supply
I see people posting comparisons of the NDX 100 from 2000 comparing it to 2023.
Its nothing alike people are still short waiting for a "collapse" that will never come due to the fact the USM2 is debasing and offsetting the actual index.
I'm shocked not even the "experts" on Youtube or Twitter explain this to new people coming into the markets. Because they don't even understand this either.
The Nasdaq is not going to collapse its extremely undervalued right now.
NASDAQ 4H Buy signal within the Channel Up.Nasdaq (NDX) is breaking above the 4H MA50 (blue trend-line) again following a Bullish Cross on the 4H MACD and it needs a 4H candle closing above it in order to confirm the continuation of this bullish move.
If confirmed, it will technically be the extension of the new bullish leg of the short-term Channel Up towards its top (Higher Highs trend-line). As you can see, both previous bullish legs have started right before a 4H MACD Bullish Cross and since the price already bottomed on the Higher Lows trend-line and the 4H MA100 (green trend-line), we have a strong mix for a buy signal, which is just waiting for the above mentioned confirmation. Our target is Resistance 1 at 15930, which will be a +5.30% rise from the bottom, similar to the previous two.
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Russel 2000 vs Nasdaq, important momentThis is essentially a momentum play where we're seeking a breakout in the Russell 2000 (RUT) compared to the Nasdaq, signifying relative overperformance and potentially paving the way for new highs on the S&P 500 (SPX).
It's important to note that a rejection at this juncture would indicate a bearish signal. However, from a pattern probability perspective, the outlook appears bullish. Even though we're currently at all-time high (ATH) levels, this aligns with historical trends from the year 2000, and the prevailing inflationary period suggests the possibility of reaching even higher highs in the future, unless we breakout on the yield curve inversion and have the bear steepener event (see my other charts) that could very well align with the resistance we have here and failing a monthly breakout we can experience a bull trap. Only a monthly close above is a strong buy signal.
$NDX $SPX $DJI forming ominous patternAs we mentioned yesterday, the TVC:NDQ is poised for a big move some time this month.
After posting that, noticed this pattern. Was busy so didn't write it up.
Was out all day celebrating daughter & nephew's bday🎉
Do you see it on the DJ:DJI & CBOE:SPX as well?
We bring up the Head & Shoulder Pattern every so often. It signifies tops.
HOWEVER, this pattern needs the confirmation of breaking the neckline (bottom line - support), especially with volume.
TVC:RUT stays in channel the entire time
#stocks NASDAQ:QQQ AMEX:DIA CBOE:SPX AMEX:IWM
08092023 - #NDXYesterday, I gave only 1 direction, to long NDX from support below. NDX was unfortunately weak these days and it broke to the next support, but that was at the same time that SPX hit the super strong 4429 support and it was good for a long. But would say it was much whipsaw then before the move higher. Very choppy move nonetheless. Do read what I wrote for SPX but looking for a move higher. DBZ would likely be first resistance offering a pullback; I do not have specific levels for NDX, but looking for SPX 4483 to trade. Overall, NDX is weak so looking to long SPX would be a better trade.
$NDX big move incomingOriginally posted something like this, roughly, 4hours ago
TVC:NDQ is closing in on the 2023 term trendline again.
Weekly this is shown more clearly.
Back to daily charts:
LOWER HIGHS
HIGHER LOWS
What pattern is this? Symmetrical Triangle!
What does that mean? #NDX has a big move coming this month.😱
#stocks
07092023 - #NDXI said to look for longs only for NDX; was looking for a move higher but instead price came down. 15289 given yesterday (at about where WBZ is, though was not looking for it to be traded TBH), gave a good long for a 100points up. What's next? Based on options, looking for possible ranging for the next 2 days, with possible trades to short 15487 for a move down or long 15241 for a move higher.