NASDAQ Important Levels NDX at the moment is bouncing between the long term BEar trend reversal FIB golden zone
If we see NDX going above 13500 that will confirm the Bear trend reversal and the return of the bull market will be confirm
Until then the next support is at 11500 . If it goes below 11500 then next strong support is 10800/10500 levels which can be idea for making entries
Any thing below 10800 levels means the Bear Trend can continue downwards
NASDAQ 100 CFD
Nasdaq -> Be Ready For The BullmarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
The Nasdaq and also all major US indices have been performing extremely well lately. I personally don't think that this is just a short covering rally, in my opinion, this could actually be the beginning of a new bull-market.
You can also see that from a weekly perspective we broke a lot of structure towards the upside and are also about to create a weekly double bottom, so everything is looking very bullish.
From a daily timeframe I am now just looking for a retest of the neckline of the double bottom, which is simply previous resistance turned support, and after this retest it is quite likely that we will see the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ On its 4hour MA50! Buy!On a one month frame this is the best buy opportunity on Nasdaq as it made contact with its 4hour MA50. Since the January 6th low that started this uptrend, the 4hour MA50 has been the most optimal level to buy.
Rises of +6% have been the most common throughout this uptrend so that's our expectation, even though we set as always our Target a bit lower at 13100. The Channel's Buy Zone is within the white layer, so there is still some room to go lower. In that case we will adjust the +6% and Target accordingly.
The RSI has also entered its Buy Zone.
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SPX | The RSI WarningRelative Strength Index, is one of the most famous indicators. If analyzed correctly it can show us warnings very early on.
Look at this period between 2010-2014 for USOIL
Price is supported by a very wide ribbon, while RSI is under significant resistance. When we are talking about such wide timeframes, RSI action is VERY important. One could say that RSI analysis is more important than price analysis.
On to the protagonist, SPX...
While price is under WIDE support, RSI shows the oncoming weakness.
After the recession, this is the confirmation that we reached a bottom.
Onto todays outlook:
Tread lightly, for this is hallowed ground.
-Father Grigori
Microsoft has likely put in a near term topMicrosoft just provided an epic sell signal to the market.
The extreme reversal on volume after MSFT was up 3% and closed the session negative is indicating the sellers are emerging.
If the second largest company has put in a near term high, we could see the tech sector subdued.
Now we wait for other sell signals.
A 50% retrace is typical after a strong reversal but so is a gap down.
NASDAQ is peaking. Short term pull back possible.Nasdaq is on the 5th sideways 1D candle, the first neutral (or non-bullish) sequence since the rally started on January 6th.
It is doing so after being rejected on Resistance 1, which was formed by the High of September 13th.
Trading Plan:
1. Sell if the price breaks below the MA50 4H.
2. Buy on Support 1.
3. Buy if the price breaks and closes above Resistance 1.
Targets:
1. 12000 (marginally above Support 1).
2. 12850 (marginally below Resistance 1).
3. 13700 (marginally below Resistance 2).
Tips:
1. The RSI 1D is on Lower Highs. A Bearish Divergence supporting a rejection.
2. Potential Golden Cross 1D on Support 1 near the end of February. Can provide a massive price boost.
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NASDAQ100 showing strong buying signs to 14,000W Formation has formed over the last few months.
We have had a break up out of the neckline and now looks like the price wants to bounce and run up further.
7>21>200
RSI>50 (Higher lows)
Target 14,000
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
NQ UpdateMFI is heading up but RSI isn't moving. Means the algos are having some trouble pumping the market, I think MFI gets overbought when NQ fills the gap and we just get sideways whipsaw until CPI next week.
As for my trading, I flipped my PDD calls on open and I'm done. Made a couple Ks. Did it because HSI was oversold yesterday, unfortunately it filled the gap above and came back down. If HSI had stayed up 1.2%, PDD would have shot up $4, because it always exaggerates HSI moves.
PCAR has 2 open gaps above, wondering if I should get some before the split. Gonna decide in a little bit.
NASDAQ 1st closing above the 1W MA50 in more than 1 year!Nasdaq (NDX) closed last week above the 1W MA50 (blue trend-line) for the first time since the week of January 10 2022, so effectively for more than 1 year. On this analysis we diverge from our usual 4H - 1D time-frame analysis such as the recent one below, and look into the bigger picture on the 1W time-frame:
Having broken two weeks ago above the Lower Highs trend-line of the Bear Cycle, this 1W MA50 closing last week is the last of the bullish confirmations we need to validate that the long-term trend has changed.
With the price however rejected on the 0.382 Fibonacci retracement level, we may see a short-term pull-back, especially since the 1W RSI hit the top of the Rising Wedge that is holding since March. The Support Zone is now within the 0.236 Fib and the 1W MA200 (orange trend-line). If however the index closes above the 0.382 first, we expect a structured continuation of the recovery to at least the 0.786 Fib by the start of Q3. See how almost perfectly the Fib retracement levels match key Resistance and Support lines of the Bear Cycle. The market should treat them as demand/ supply zone on the way up too.
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NASDAQ: Rejected on a key symmetrical Resistance.Nasdaq has a rather strong intra day rejection on Friday after the much higher than anticipated Nonfarm Payrolls. This turned the 4H time frame neutral already (RSI = 57.749, MACD = 127.790, ADX = 34.304) but with 1D still bullish buying pull-backs remains the most optimal strategy until a Support breaks.
Right now the rejection took place on R1, which as shown on the chart formed two tops in the past (September 13th, June 3rd). If the price crosses below the HL trend-line, it is highly likely to seek the S1 zone for a potential contact with the 1D MA200 and 1D MA50. All this is negated if we break over R1, which will trigger our buy (TP = 13,500) towards R2.
If not, we will buy on the 1D MA200, hence inside S1 and if it fails make the last attempt at 11,340 just over S2. Note that the 1D RSI hit the overbought territory just like on August 15th. An additional reason for selling pressure.
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NQ1! NAS100 NASDAQ 2023 FEB 06 WEEK
Result for week of 30 Jan yielded yielded 550pts in total for 2 trades.
Market was resisted at a previous supply area.
Supply has come in to defend the 12987 area, with a potential
for market to return to test 12140-11983.
Possible scenarios:
1) Long on test and accept of breakout area 12140-11983
2) Short at rejection of 12987-12927 // 12618
Volume Analysis:
Weekly = Higher vol up bar close off high = Weakness
Daily: Potential 2BR high vol = Weakness
H4 = 2BR + UT + down bar = Weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12987-12927
12618 12140-11983
11603
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Have a profitable trading week ahead.
NQ UpdateNQ is now back in the channel and no longer overbought. Wondering if the melt up continues despite really strong jobs numbers. Can;t tell if stocks are doing a gap fill or continuing the rally.
TSLA is green and I gotta go for a drive so I just flipped my LI puts. Beer money. Should've shorted gold, lol. AT least I was right about China, but market doesn't expect it to move down Monday because PDD isn't tanking like yesterday.
NASADQ trend lines and channelsAnother of my big picture looks at the NASDAQ. You can see that we had a strong rally off the bottom of the blue channel, and right now it is around the middle of the channel. In the big picture though, we have barely come down out of the massive QE and low interest rate bubble created after the financial crisis. I find it hard to get too into this rally, we saw Meta rally 20% even with its latest financial report show something like $4 Billion in losses, but some vague promises about "Year of Efficiency". That tells me that markets are very FOMO right now after a really hard year and are looking for anything to recapture the bubble of 2021. Labor reports continue to be strong, which seems to be feeding the rally, especially so after the Fed's super dovish 0.25% hike and "disinflation" nonsense. The break above the 200 day SMA and crossing of the 20 and 200 day are also really bullish signs. That said, pick your favorite quote about the market: 1) Markets can stay irrational longer than you can stay solvent or 2) Bull markets climb a wall of worry. Good luck.
Daily
NASDAQ Pull-back started. Where to re-buy.Nasdaq (NDX) made a perfect pull-back and rebound following our most recent analysis and hit (even overextended) our 12530 target:
Since the rise has been that strong we are switching to a Fibonacci approach. The previous two pull-backs (almost) hit both the 0.618 Fibonacci retracement level before rebounding around +9.00%. From yesterday's High, the 0.618 Fib is at 12290. A contact with the 4H MA50 (blue trend-line) will further solidify it as a buy entry. Our buy target in that case will be 13370 (around +9.00% rise, which happened 3 times in January). Additionally, the RSI Buy Zone can also help to determine if that timing to buy is right.
This 1-month pattern will be invalidated if the price closes below the Higher Lows trend-line, in which case Nasdaq will seek the 4H MA200 (orange trend-line) as the long-term Support.
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Nasdaq -> The End Of The Bear MarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
The Nasdaq is currently creating a massively bullish weekly double bottom and with this weeks rally already broke above the neckline of the double bottom.
From a weekly perspective I am not just waiting for a retest of the neckline, which is then turned support and then I am definitely looking for the longer term continuation to the upside.
On the daily timeframe, my prediction of the last video analysis played out perfectly and this was also a very juicy trade for me personally. Now we are testing daily resistance, so I am just waiting for an opportunity to get short, to then capitalize on the short term retracement towards the downside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NQ UpdateAH gap filed during Asian hours and RSI is overbought but more than likely a melt up. I might not post for a while because indicators don't work during a melt up and I don't want to be misleading anyone.
Tomorrow depends on AAPL/AMZN/GOOGL earnings. Pull back or more pumptardedness? I dunno, but I don't recommend shorting until NQ and ES fill the gaps marked in orange.
Good luck.
Bunch of copy paste quotes on Fed Meeting, $DJI $NDX GREAT DAY!Apologize for the LATE post on this
We posted this elsewhere, documented, and bringing it here
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Yesterday
So, #fed tomorrow.......
We get 25, likely rally and fade next day or few days later
We get 50, likely sell off decently & then rally
This could reverse in one day or take week or more
#FederalReserve meeting
#stocks #crypto #inflation
Done for today :) Good day overall
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Early Today, after announcement-
Was at least expecting a pop first before the fall
Interesting day today
Maybe we get the fall and then the rally...
However how we end the day, the next day tends to be a reverse of some sort
$DJI $NDX $SPX
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After-
For a second we though we were going to get put (sold a bunch of put options when $DJI was off 340 points and $NDX was closer to day lows) a ton of #stock ROFL
Limits being filled, not being greedy
#crypto green
US #Dollar $DXY hitting lows (did say HISTORICALLY doesn't hold)
-
We've been cautious #BULL for a bit & we need 2b weary of EUPHORIA
We're watching for that, IMPORTANT!
$VIX @ bottom trend (we'll know VERY SOON what's up)
#yield falling $TNX, 2yr not as much, hmmm
#stocks huge turnaround
#crypto as well
What about volume? Soon
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$NDX & $DJI BUY volume is still there but it's lowering
#DJI looking GOOD atm
$NDX NO slouch testing downtrend soon
#markets ARE IRRATIONAL
Look at volume, patterns & trend!!!
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Recent
Awesome #stock day today! Good for the week!
Raised cash again for trading
Have some longs still
$DOW $META (taking some off here), $KHC $INTC $ATVI & some others BUT aggressive TRADING still 1/3 in bonds, expire soon, & cash for tomorrow & other days
Done for day &👀direction
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Look at $RUT $IWM
RISK is ON ON ON
Has been on
Volume is ok
#stocks have been looking ok
$DJI breaking symmetrical = continuation pattern
Staying cautious BULL!
More haters of rally = GOOD!
Keep eye on EUPHORIA!