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NASDAQ 100 CFD

NASDAQ hit the 1D MA50 for the first time since March!It's been almost 1 month since we last gave a signal on Nasdaq (NDX), hitting the 15900 target (chart below): The setting is different now, as the index hit yesterday its 1D MA50 (blue trend-line) for the first time in almost 5 months (since March 15). This isn't a buy signal yet as yesterday's 1D candle closed marginally below it. Another candle closing below it, will be a sell signal targeting the bottom of the long-term Channel Up pattern and Support 2 at 14690. That will be an excellent buy entry (target 15950) but will be invalidated if the price closes a 1D candle below the 1D MA100 (green trend-line), in which case we will sell again and target Support 3 at 14240. If however we get a 1D candle close above the 1D MA50 before a second below it, we will buy instead and target the 15950 Resistance, as in that case it will look like the March 13 bottom fractal. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
4
💾 Nasdaq Went Ahead | Next Target Above 15,555Well, no surprise as to what is coming on Monday... GREEN! Look at the NDX (Nasdaq) chart, it already went ahead and broke its August 2022 high after more than 7 months. Just like Cryptocurrencies move together, the same happens with the conventional markets, what one does, the rest follows! We can expect the SPX to grow on Monday as well, based on the fact that the NDX went ahead. We will look at the DJI next and see what the chart has to say. This is good news, great news! ✔️ We want money. ✔️ Make it positive... ✔️ We are tired of the negative aren't we? ✔️ We prefer joy, happiness and abundance. ✔️ Make it grow! Next target 15744! Namaste.
NASDAQ:NDXLong
by AlanSantana
12
TECH M! Retest and Continuation?? Tech Mahindra has been consolidating for quite a while now. just as with any other cream IT Company, looks like it's gearing up for some momentum. It formed a beautiful symmetric triangle breakout and is now in a retest mode. A continuation of that breakout can trigger some good momentum. Also, check out our opinion on the overall IT Sector. What do you think?? If it was worth your time, do give us a like. Anything on your mind? Feel free to leave us a comment :) DISCLAIMER: WE ARE NOT ADVISORS. WE ARE NOT REGISTERED. THE IDEAS ARE MERELY PERSONAL OPINIONS. PLEASE CONSULT YOUR FINANCIAL ADVISORS BEFORE INVESTING. WE, LIKE EVERYBODY ELSE HAVE THE RIGHT TO BE WRONG :)
NSE:TECHMLong
by TheChartereds
4
NDX - Rising Trend Channel [MID -TERM]🔹Index shows NEGATIVE signal from double top formation, broke support at 15426. 🔹Signals further decline to 15057 or lower. 🔹Supports 13600 and resistance at 15800 🔹Technically NEUTRAL for medium long-term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:NDX
by wavepoint99
NASDAQ near the MA200 (4h). Still a buy.Nasdaq is approaching the MA200 (4h) which is untouched since May 4th. This is the natural technical Support that rests now exactly at the bottom of not only the recent Rising Support but also the 5 month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 16500 (Fibonacci 2.0 extension, same as July rally's target). Tips: 1. The (4h) MACD is repeating almost an exact sequence as June 16th-July 10th. This is how the Fibonacci 2.0 target is derived. You can confirm your buy entry with the next Bullish Cross. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
6
Is the Market Deluding Itself with a Soft Landing Fantasy?As markets surge against expectations, many are starting to believe that the impossible might unfold. The unusually low fund allocation to equities reflects a market sentiment plagued by fear, yet mega caps are continuing to rise against expectations, making some investors feel left behind. With GDP figures beating expectations and headline inflation plummeting, markets are now starting to believe the soft landing narrative. Can the Federal Reserve, after decades of economic engineering, finally dodge a recession? The bond market remains skeptical. When the yield curve inverted, everyone thought a recession was imminent. However, many overlook the lag between the onset of the inversion and an actual recession. Depending on historical context, a recession can either hit while the yield curve remains inverted or much later, once it has normalised. Thus, relying solely on the yield curve as a recession indicator can be misleading. Nevertheless, history has consistently shown that a recession follows the inversion at some point. However, the human psyche is notoriously impatient. If a predicted event doesn't manifest promptly, the market tends to discount its possibility. Remember, most people buy at tops and sell at bottoms. So, the real question isn't whether a recession will happen, but rather when. Why and When Could a Recession Happen? The Federal Reserve holds significant influence over this timeline. As long as interest rates hover around 5.5%, the recession clock ticks faster. With headline inflation plummeting (orange line) and inflation expectations paralleling this descent (blue line), we must understand what caused inflation initially to gauge where it's headed. The inflationary surge was mostly driven by the excessive expansion of the money supply. Examining the first derivative of the US money supply (M2) shows a rapid expansion followed by a subsequent decline. Comparing the growth rate of the money supply (yellow line) with the CPI year-over-year (orange line) reveals a 16-month lag. If this lag remains consistent, there's significant potential downside to inflation. Yet, the Fed continues to hike rates, despite projections of disinflation and deflation. This is because the Fed's job isn't to predict the future, but to respond to current data. Indicators showing a robust labor market and elevated Core PCE caution against prematurely reducing rates. It would be wise for the Fed to await signs of weakening in these indicators before contemplating rate cuts. This could potentially take a while to materialise, especially since unemployment doesn't seem poised to weaken in the immediate future. Unlike previous business cycles, the current situation stands out due to the Job Openings and Labor Turnover Survey (JOLTS) data. There remains a significant number of job openings for every unemployed individual. This bolsters the resilience of the labor market, making rate cuts less probable. Furthermore, the Core Personal Consumption Expenditure (PCE) - a lagging indicator - remains historically high and resilient. Powell has emphasised the Fed's intent to avoid repeating the same mistakes made in the '70s, suggesting we should expect higher rates for longer in order to permanently get Core PCE to 2%. He's also highlighted the relative ease of stimulating the economy out of a recession compared to raising rates, implying it might be more straightforward for the Fed to rein in Core PCE by inducing a recession. Similarly, the government can't afford the risk of the Fed raising rates later on. Considering the government's dependency on low-cost borrowing to manage interest payments on existing debts, higher future rates could pose a big challenge. Fortunately, the Fed uses the Reverse Repo (blue line) as a strategic tool to bypass any potential liquidity crisis until they are able to finance the government's balance sheet (orange line) with cheap debt once again. Given that interest expenses are nearing 1 trillion USD, the Fed will inevitably have to cut rates to zero and initiate Quantitative Easing (QE) in the future. Remember, the sole limitation to Keynesian economics is inflation. Hence, it's logical for the Fed to avoid risking a resurgence of inflation. In essence, a recession might be essential for the Fed's future assistance to the government. Deciphering the Stock Market's Puzzle Despite Powell's frequent emphasis on a 'higher for longer' stance, the market remains skeptical. This is alarming, especially as the full implications of a 5.5% rate haven't been fully experienced by the economy. Once they manifest, job openings will plummet, unemployment figures will surge, and the 'soft landing' illusion might crumble. Historically, such scenarios are common when real rates reach unsustainable levels. Fortunately for investors, there seems to be room for the AI bubble to continue. Markets typically peak about a month before a sustained increase in unemployment. Hence, forward-looking unemployment indicators like job openings, initial claims (blue line), and continued claims (orange line) are crucial for those wishing to divest before a potential market downturn. In the current scenario, it might be wise for investors to stay away from higher-risk assets like small caps and cryptocurrencies. Historically, these haven't performed as well as mega caps during liquidity crunches. Investors might want to reconsider taking on additional risks unless there's a sustained surge in global liquidity (yellow line). Conclusion: A Time for Caution and Opportunity In conclusion, even though a recession seems inevitable, mega caps may continue their upward trend until the labor market reveals signs of distress. Therefore, it's crucial for investors to closely watch leading unemployment indicators and central bank balance sheets to ensure they're well-positioned for both the upcoming market downturn and the subsequent recovery. Disclaimer: This article is intended for informational purposes only. It is not intended to be investment advice. Every investment and trading move involves risk, and you should conduct your own research when making a decision. Past performance is not indicative of future results.
NASDAQ:NDX
by ingeforberg
$DJI $NDX $SPX $RUT closesHow #indices closed last week. TVC:DJI After a BEARISH ENGULFING it then closed Friday with a doji = battle for the bulls and bears which is unresolved NASDAQ:NDX Fighting back but it is still showing Negative RSI Divergence. SP:SPX Suffering from Negative Divergence. We''ll how #SPX trades over the next few days, weeks. AMEX:RSP (Equal weight) was weaker. This means that the usual big boys pulled more weight. TVC:RUT needs big move soon, lower highs. Lots of earnings this week! Have a great trading week!
DJ:DJI
by ROYAL_OAK_INC
Indices roundup from post a lil over week agoiBarely more than a week we stated that RISK in #equities was INCREASING. We also gave our thoughts on some #indices . Let's see what has happened since that post: NASDAQ:NDX has cooled off - check TVC:DJI pumped since then - check Likely topping out short term here though. TVC:VIX has been trading sideways - check Does seem like it's beginning to gain momentum. TVC:RUT & AMEX:RSP (Equal weight #SPX) are both higher - check Shows that the big boys aren't the only ones running. #stocks
DJ:DJI
by ROYAL_OAK_INC
NASDAQ: Entering a consolidation zone.Nasdaq got rejected again on the 4H MA50 and as the 4H timeframe turned neutral (RSI = 49.851, MACD = -15.090, ADX = 34.425), it is highly likely to see the index entering a consolidation/ accumulation phase similar to April's and June's. Depending on its length, it may even create a new, less aggressive Channel Up. The key for the uptrend to be maintained is to hold first the 4H MA200 and second the 1D MA50. We will buy once the price hits the bottom of the Channel Up and target its top (TP = 16,400). 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
6
NASDAQ Is starting the final bullish wave to the All Time High.Nasdaq / US100 continues to trade inside the Channel Up pattern of the last 6 months. The price is staging a rebound just over the 15280 former Resistance and if it holds, that will be the final phase of the bullish leg that aims at a new Higher High of the Channel Up and will inevitably challenge the All Time High at 16790. The last two rallies achieved runs of 13.40%-13.80%. As long as the 1day MA50 supports, which is now exactly at the bottom of the Channel Up, keep buying and target 16700. Another strong buy indication is the 1day RSI hitting (and holding) the Rising Support. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Long
by TheCryptagon
6
25072023 - #NDXNDX nicely hit our sell limit and sold off to support level for a good 120 points before the rebound. Overall NDX continued to be weak but DJIA is holding up SPX. Which direction next? Yesterday's candle point to a POSSIBLE short term low. If so, then we should see further upside. But IMO if that is so, DJIA will be a better long. Also, still need confirmation if price is to break higher so for now, NDX is still a possible sell with confirmation Looking at a sell coming from 15529/75.
OANDA:NAS100USD
by FadeMeIfYouCan