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NASDAQ 100 CFD

S&P 500 Favors Breakout. Bears and Recessionists = MisanthropesThe bears enjoyed their cycle to the maximum, peak fear is behind us. Observe your favorite pundits to determine if they have shifted their perception yet. Many have not, Many remain Bearish and are greedily awaiting one more Deep Indiscriminate Sell Off.... they will likely wait forever. The first rule of any technology used in a business is that automation applied to an efficient operation will magnify the efficiency. The second is that automation applied to an inefficient operation will magnify the inefficiency. Long SPX = Long Human Innovation and Business Ingenuity!
CBOE:SPXLong
by noam_chom
1
Battle of the New EV NASDAQ ComponentsLucid and Rivian, both new components of the NASDAQ:NDX , have been showing up on the High-Volume Institutional Activity recently. NASDAQ:LCID has the beginnings of a bottom attempt developing with a Dark Pool buy zone emerging, but it's been slow-going for this EV company. Professional short-term trading is evident in the current run up, as it is in other EV companies this week, spurred by the bankruptcy of Lordstown Motors, many would say. NASDAQ:RIVN has a clearer Dark Pool buy zone developing at this bottoming level with the same Pro Trader footprint in the current run up. This type of bottom formation provides a sturdier support level--evidence of more conviction from the institutions? Both stocks have a lot of work to do to complete their bottoms for more than short-term trading at this time. Resistance AND competition are heavy ahead, as it's still early days in the race to dominance in EV Auto Manufacturing.
NASDAQ:LCID
by MarthaStokesCMT-TechniTrader
12
NASDAQ: Hasn't yet completed its technical pullback.Nasdaq has been pulling back since the June 16th High, which was a HH on the Channel Up pattern, but this sequence isn't yet completed. The 1D time frame remains technically bullish (RSI = 62.049, MACD = 275.090, ADX = 32.676) but the price hasn't yet reached neither the bottom of the Channel Up nor the 4H MA50. We remain short targeting that level (TP = 14,600) where we will turn bullish again (TP = 15,250) unless the 1D candle closes under the 4H MA50, in which scenario we will re-sell and target the 1D MA50 (TP = 14,300). The 1D RSI however made a hit and rebound on the HL trendline that is in effect since December 28th 2022, so it is possible to see a rebound without going lower, so in that case only buy after the R1 breaks and target the R2 (16,000). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
13
NASDAQ Two sell opportunities and a common buyNasdaq hit the MA50 (4h) today and crossed over the short term Channel Down as well, but the candle closed back inside the Channel and under the MA50. This is a sell indication and unless it closes above it, we expect a test of the MA200 (4h) given the fact that the MA100 is already broken. Trading Plan: 1. Sell on the current market price or at Resistance (1). 2. Buy on the MA200 (4h). Targets: 1. 14550 and 14600 respectively (hit on the MA200 4h). 2. 15285 (Resistance 2 and Highs of March 29th 2022 and more recently June 16th 2023). Tips: 1. The RSI (4h) is on a Rising Support, indicating a Bullish Divergence in contrast to the price's Channel Down. Attention is needed as this may indicate a bullish reversal for the index, so careful with shorting above Resistance 1. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Short
by TradingBrokersView
4
What is the $VIX showing us?Good Morning SMALL THREAD While we did call the NASDAQ:NDX weakness & top, at that time we didn't think it would be as bad as it got, at least I didn't. Last year we really thought TVC:VIX would break out & the markets would collapse. Our original expectations didn't pan out but we, mostly I, changed as more data came in. We called a bunch of bounces & tops, ALL DOCUMENTED, BUT our best call was becoming BULLISH in late September on DJ:DJI & Bullish on NASDAQ:NDX in October. Since then we've been cautious Bull with a few bearish calls but ultimately, we were/are still bullish. During this time the TVC:VIX was forming a HUGE Symmetrical Triangle that we posted on countless times. We were biased and thought the TVC:VIX would break out and #stocks would be cremated. Obviously, were bullish after Sept 2022 but we thought there would be an eventual harsh crash that made 2022 like a walk in the park. When #VIX broke down we were SHOCKED! That's when we knew that the can was being kicked further down the road. There's a lot more at play that we've been discussing on occasion. SP:SPX has been on a tear but it is currently in a consolidation phase as seen on a daily chart. However, as you can see, RSI can remain overbought on a weekly for long periods of time. TVC:VIX is slowly closing in on a major support level. While it can break through, IMO, don't think it will do it the 1st time. #VIX will likely get a nice bounce. This bounce will likely be strong and could mean possible weakness for #stocks, soon.
CBOE:VIX
by ROYAL_OAK_INC
From Inflation Figures to a Potential Bull TrapHello everybody! Today we will get the release of the inflation numbers, so I would like to give you a solid update! First of all, we are observing a gradual shift from bearish to bullish attitudes, particularly as the SPX is reaching the 4350-4400 mark, a target I previously highlighted multiple times on both Tradingview and Twitter. However, we must remain aware that the market could further extend up to 4450-4500 before peaking. For SPX the 4350-4400 zone was a key breakdown zone that was never retested, an FVG was formed which has now been filled. The NDX actually had some major gaps in this area, that have also been filled. The SPX is on the brink of becoming severely overbought at this juncture, while the NDX is clearly extremely overbought on the weekly timeframe. Whenever the Nasdaq 100 has gotten this overbought over the last few years, we have seen significant corrections follow. Also testing or going above the weekly and monthly R3 Fibonacci pivots is a sign that the market is at resistance and getting oversold on shorter timeframes too. The Russell 3000 is close to hitting a key resistance level, which is just a mere 2% away. While these indices could be close to a top, others, like CN50, DAX, Nikkei, and Russell 2000, indicate more upside. So, what's my projection for the near future? I foresee a final upward movement in stocks in the next two days. The reason for this prediction is the possibility of inflation coming in below expectations and a potential pause from the Fed without an interest hike. These circumstances could lead to a 2-3% market rally before a final short squeeze or bull trap. Even though the present market movement appears sustainable, with the rally seeming robust despite the market potentially being overbought and hitting key levels, I believe it may be time to consider taking profits, especially if we witness a significant move higher in the next 1-2 days. Inflation numbers are scheduled to be released today (or tomorrow), with expectations hovering around 4.1%. However, I expect the figure to be between 3.9-4%, as inflation is on a declining trend. This decline in inflation, coupled with a slowing housing market and rising recession probabilities, could have profound implications for the market. We've observed oil, wheat, and palladium prices dropping while copper remains flat or slightly down on the commodities front. I speculate that this might be the onset of deflation, possibly heralding the final disinflationary pressures.
NASDAQ:QQQShort
by BitcoinMacro
1
AI boost US mega caps - Nasdaq, Russell 2000 Left in the ColdTech Surge: AI Stocks in the Limelight The performance of US stocks in the AI sector has been nothing short of remarkable, with over $3 trillion added to its market cap since the final quarter of 2022. The upward trend suggests further potential growth despite a broadly stable or mildly declining US stock market outside the US Megatech sector. The enduring climb of these stocks underscores the market's conviction in AI as a lasting, transformative force rather than a transient phenomenon. The US tech landscape had undergone a significant shift from a bleak outlook six to twelve months ago when technology was deemed insignificant, as currently, AI dominates the scene. The Tech Surge vs. Small Businesses: The Gap Widens The current market showcases a divide between big tech and smaller enterprises, with capital flows favoring the former. Coupled with potential deflation, this rift could intensify the struggles of smaller businesses. The thriving AI sector doesn't necessarily imply a positive outlook for smaller companies unrelated to AI in the upcoming 6-12 months. Acknowledging AI's transformative potential across industries like robotics, 3D printing, and crypto is vital. Even though a short-term crisis and job loss are on the horizon, the looming recession could present opportunities for buying cheap assets. In this unique period, reminiscent more of the 1940s and 1990s than the 2000s or the 1970s, a broader perspective, adaptability, and a positive mindset are necessary. Price action: Is the top near? Based on the Nasdaq 100 vs. Russell 2000 ratio, it's doubtful that the top is in. As you can see on the main chart, it's possible that a short-term top could be in, as NDX just filled a gap while sweeping several highs in the 14200-14300 area. However, this isn't the 2000s; this tech is more transformative. The world is ready to adopt it, and that's why ChatGPT was the fastest-adopted technology ever. Now the top 10 us tech companies have the best workforce, hardware, data, and customer base for AI; that's why they are leading the way, and they are unlikely to go down any time soon. That's confirmed by the ratio between NDX and RUT, which seems to have formed a massive cup and handle pattern that's about to break out. Maybe the current rally slows down a bit, but it's not impossible to see it accelerate rather than decelerate. The S&P 500 seems to be at least 1% higher until it hits the next resistance, but my key target has been 4350 for a long time. Once it hits it, a more substantial correction could come, even though I think it would take the SPX to 4000 at best. As for Russell 2000 looks very weak, and I think it will sweep its double bottom and fill the critical gap lower. Sentiment remains bearish For many months, on Tradingview and Twitter, I've been talking about how bearish people are, how inflation is coming down, liquidity is trending higher, and so on... yet nobody wants to hear about it. Everyone wants to talk about the ongoing or upcoming recession, and they consider AI a fad. Even after this move higher, sentiment hasn't changed, and it's getting more bearish, with people trying to short the rally, as they are angry for missing the boat. We can see that in CoT data, we can see on Twitter polls, and I can see it based on what people say on social media. Potential strategies In my opinion, it is either best to ride the trend with a small position and a wide-stop loss or wait for the market to hit key resistance, and either potentially short there if sentiment flips bullish or wait for the pullback and then go long. Although the long Nasdaq short Russell trade could have some juice left in the short term (very bullish long term), I wouldn't rush to put that trade on, as the Russell could play catch up (in the short term), as we see traders/investors diversify as they take profits from their tech stocks. These stocks are cheap and seem more 'hated' than those US mega caps. Higher interest rates and shrinking liquidity significantly affect small caps, and their situation could deteriorate. It's clear we are either in a recession or about to enter one, and these stocks have the most to lose. Therefore, once these stocks rally, especially if they outperform NDX, consider entering a long Nasdaq - short Russell trade. This trade might not work only if many large countries start banning those companies and their products or if the US starts attacking them for being too large. Until then, the ratio has higher to go.
NASDAQ:NDXLong
by BitcoinMacro
NASDAQ Final pull back pending unless the 1day MA50 breaks.Nasdaq / US100 hit the top of the long term Channel Up and Resistance A (March 2022 top) and got rejected. Based on the previous Higher Highs, the rejection should form a Channel Down / Bear Flag. According to that, there is one final pull back pending to 14730. Buy it and target 15500. If anyhow the price crosses under the 1day MA50 or closes the 1day candle under the 0.786 Fibonacci level, sell and aim at the 1day MA100 that is unchallenged since March 13th. There return to buying, which is also the bottom of the long term Channel Up, and target 15500. The RSI's Rising Support can be used as a great additional indication of a buy (hold) or sell (break) inside this long term Channel Up. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Short
by TheCryptagon
Weekly Update: Has the Nasdaq Topped?The Nasdaq market has been the most impulsive looking of the indices. Having stretched slightly above the .786% retracement off the move down from November 2021 highs to the October 2022 lows, price looks to challenge the overall bearish structure. Unlike the other indices, the Nasdaq shows a clear impulsive structure. However, the problem with this idea of the NQ reaching all time highs is much the same story in all the other indices. The manner in which price started this rally off the October lows. In my opinion, it continues to tell the tale of this type of price action. One would expect a move to new highs starting off with an impulsive 5-wave structure. In the NQ, the only potential bullish structure off the lows is a leading diagonal. Although it is a motive wave and a push to new highs starting off with a diagonal is valid, diagonals tend to be highly unreliable structures. Therefore, I have to maintain that this move higher is still a B-wave counter trend rally that reconciles eventually in the 7000-9000 sometime next year. Although it is possible to retrace some and make one more high as displayed in my purple labeling, I now have a full count to the upside. Therefore, I will maintain this purple alternative count as long as price is above 14250. Below 14250, and my expectation is to ultimately resolve this larger bearish structure at far lower levels.
CME_MINI:NQ1!Short
by maikisch
NASDAQ: Correction aiming at the 4H MA200.Nasdaq reached the R1 (15,300) last week, a highly important benchmark as it is the March 2022 Top. Being overbought on the 1D timeframe (RSI = 71.117, MACD = 398.240, ADX = 42.100), the current correction comes as a natural consequence. The target is the bottom of the three month Channel Up. Ideally we aim at the 4H MA200 (TP = 14,600), which has been previously tested and held as Support on May 4th and April 25th. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
6
NASDAQ Rejection on March 2022 High gives a strong sell signalNasdaq got rejected exactly upon touching the 15285 Resistance for the first time since the High of March 29th 2022. This is a strong sell signal and can be confirmed after the RSI (1d) crosses under the MA line. The long term pattern is a Channel Up since the beginning of March and the MA50 (1d) has been intact since March 15th, which makes the index exceedingly overbought. Trading Plan: 1. Sell after the RSI (1d) crosses under the MA (white line). Targets: 1. 14300 (Channel Up bottom and near Support 1). 2. Extend to 13520 only if we close a (1d) candle under the MA50 (1d). Tips: 1. The RSI (1d) is printing a pattern similar to the tops of February 2nd and March 31st. Both reached the 1.618 Fibonacci level, which was our target on our last Nasdaq call (see chart below). 2. If we do break below the MA50 (1d), the MA100 (1d) could be a valid target as it has been untouched since January 20th. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Short
by TradingBrokersView
12
Nasdaq -> When Does It StopHello Traders, welcome to this free and educational multi-timeframe technical analysis. On the weekly timeframe you can see that the Nasdaq is currently retesting important previous weekly structure at the psychological $15.000 level which is now turned resistance. You can also see that over the past couple of weeks, the Nasdaq created a rally of about 30% towards the upside, breaking a lot of resistance towards the upside but now we are a little bit overextended so I am simply waiting for a rejecion away from the resistance area. On the daily timeframe you can see that market structure is still bullish overall, there is no sign of the Nasdaq slowing down so I am still waiting for some bearish selling pressure before I then do expect also a daily retracement after this agressive pump recently. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
BLACKBULL:NAS100Short
by basictradingtv
45
🅱️ Bitcoin, The Stock Market (SPX, NDX, DJI), USDT.D & AltcoinsI like to browse through charts between different markets in the search for confirmations and correlations. One of my favorite types of confirmations is Bitcoin and the Stock Market. We know that these have been moving together but Bitcoin is leading the way. While the SPX is still below its August 2022 high, Bitcoin already broke that price... Let's have a closer look: 💾 SPX Closes On Strong Bullish Bias +Bitcoin & Bank Crisis Notice how in the chart above the SPX bounces exactly in mid-March. On Friday it closed full green with a 10-months high. The RSI is really strong and all looks good. If the correlation continues then we are set to start this week green. Unless the SPX and the rest of the charts I will show you below crash on Monday. Then we have the Nasdaq, it is the same situation. Bitcoin has been consolidating but the NDX went ahead. This alerted me of the SPX moving forward and the rest of the markets as well... See the chart: 💾 Nasdaq Went Ahead | Next Target Above 15,555 The NDX hit a more than a year long high when it peaked around its April 2022 resistance. Not actually peaked, this is a new bullish breakout just taking place. The week closed full green. I am thinking that Bitcoin is set to follow unless the NDX crashes on Monday but so far it looks good. The DJI stood behind. While it is trading below its August 2022 high this level has been challenged continually and we know that it will follow the other two indexes, they always move together. Last week closed full green above EMA10 and EMA21. See the chart: 💾 DJI Then we have the inverse correlation with Tether Dominance, USDT.D and this one is a bit more tricky because of the mixed signals. First, the chart: Favoring the Bitcoin bulls, we have more than a year of lower highs and what seems like a distribution phase, volume dropping since May 2021, two years. Weaker signals in favor of the Bitcoin bears is the fact that the weekly session is still trading above EMA10 and EMA21. We also have the Altcoins that we can use. What one does, the rest follows; that's one for the bulls. We also have some smaller pairs and ALTSBTC pairs growing, something not seen when in a bearish phase. Look at XRPUSDT, it went ahead: ✴️ Ripple's XRP Inverse Head & Shoulders Confirms Higher Low Litecoin is on a similar situation. We have pairs such as ChainLink and EOS whom went through a full correction and this is kind of mixed. If what one does the rest follows, it can mean that Bitcoin is yet to go through this huge correction or that these pairs being weaker dropped more than the stronger ones. When we take all the signals in consideration, the bulls are on top. Of course, this doesn't mean anything if you are looking at the short-term... When focusing on the bigger picture, Bitcoin is set to continue growing, higher highs and higher lows in the weeks and months ahead! Thank you for reading. I am wishing you a lovely Sunday... Or Monday if you read this after today. Namaste.
INDEX:BTCUSD
by AlanSantana
2
💾 DJIThe Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good. We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day. We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish. The blue spaces on the chart is the strong support. The DJI is trading within a long-term higher low. The bias is 100% bullish. We will see how it goes but we expect it to grow in the short-term based on the current look of the chart. This can change if the support levels break. If support remains intact, up we go! Namaste.
TVC:DJILong
by AlanSantana
2
NASDAQ The weekly charts tells you what you need to knowNasdaq / US100 is approaching today Resistance A (15280), which is the High of March 2022. The pace of the rally since the start of the year has been so strong, in fact since the week of April 24th the index has posted only green weekly candles (8 today), that the 1week RSI reached a level (76.75) it last hit almost 2 years ago (on August 24th 2020). In the last 6 years, every time the 1week RSI hit that level, Nasdaq made a top and corrected either immediately or in a few weeks. On all those times, there was a clear Support Zone for the RSI to place your buys (47.90 - 52.90). Also on all cases the price corrected to at least the 1day MA50. This isn't primarily an invitation to sell what is obviously a bullish trend but rather take some profit of the index (or shares) in order to lay off some risk and enter again at a better price as suggested by the 1week RSI and the 1day MA50. Our long term target is the 16840 All Time High (Resistance B) by December. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100
by TheCryptagon
2