NASDAQ flipped the Bear Cycle and the 1D MA200 is now supportingNasdaq (NDX) rebounded yet another week on the Bear Cycle Lower Highs trend-line and has recovered all the losses of the previous three. On top of that, this is the 7th straight 1W candle close above the 1D MA200 (orange trend-line), which as you see on this 1W chart, it was been the Resistance during the 2022 Bear Cycle, having closed all 1W candles below it since January 17 2022.
The 1D MA200 is now the Support once again, as it was during the 2020-2021 Bull trend and especially the last four 1W candles have been supported tightly. With the 1W RSI on Higher Lows since May 16 2022, basically an early signal of the current trend-change, we can claim that the new Bull Cycle has just only started.
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NASDAQ 100 CFD
vix 8 hour chart another 150% spike in April?Hello traders, today let's review VIX 8hour and daily chart .
Is it possible that another 150% burst is in the making now?
Entirely plausible, in fact based on advanced XABCD setup
the current pullback/correction might be over near 15/16.00
later in April. Based on time/price symmetry point C of
the XABCD pattern structure might come in at 15/16.00
sometime in April 2023.
The pattern is defined by point X at 33.00, point A at18.50,
point B at 30.00, expecting point C print at 16.00 and point
D print at 38.00, based on 127 extension.
Recommended strategy: buy calls / write puts once
we land near point C near 16.00. this is a higher risk
entry strategy, so always do your own due dill and
use other indicators to confirm the entry. good luck!
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QQQ/Nasdaq Breakout?Are we about to witness a technical breakout in the QQQ?
Yields have softened, Disocunt window opened, heading into options X...lots of catalyst to rip higher.
However Tech is overbought and into technical resistance.
$NDX looks good, better than $DJIRecently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this.
As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco.
CAUTIOUS is the key word.
Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!!
Weekly chart shows #NDX holding above the weekly moving avg's & there was a bullish moving avg crossover, yellow circle, & has held.
12900 is an important level for #NASDAQ 100. Breaks that 13700 is next target.
$DJI looks okay. It held well until recently. It is close to forming a bearish crossover but we'll see. IMO likely not. While #DJI is much weaker as a whole cherry picking individual #stocks on the index should be okay. We stated $MSFT $AAPL have done well & newbie $AMGN & $VZ for yield.
#msft #aapl #amgn #VZ
NASDAQ | ALL EYES ON BULLSDespite negativity on banking system default. NASDAQ is on the move with bulls printing new high everyday.
Technically speaking, US100 is trading in bullish flag with the breakout target comes at 15000. But we will move step by step. The upcoming resistance comes at 12900 which is horizontal level.
Previously, NASDAQ printed triple bottom around 10650 where the neckline comes at 12100. The target of triple bottom comes at 13700.
All signs shows strong bullish momentum. Any dip will be buying opportunity with appropiate stoploss.
Let us know what do you think of the idea?
RESET PINS AND PREPARE FOR STRIKES XXXNDX is at a critical inflection point
It is testing the 200 Day EMA and based on comparison to prior price patterns, it will likely fail.
This will trigger the next phase of this correction
I predict a few more strong days for NDX to trap the bulls, and then the pins will reset for the aggressive downturn.
I estimate the bottom will be July 2023.
Not financial advice.
Good luck
NQ with TLT overlayRemember that divergence between TLT and NQ I was talking about a couple of weeks ago? It's now closed, lol.
Long term bonds went up because of bank fears. Oddly, I think that's why tech is rallying, nevermind that yields are going down because banks are tanking.
What a strange market. Tough to trade.
Also, rate inversion makes sense if banks tank, so I am not shorting TLT any more. Gold exploded as well.
NASDAQ still has NIKKEI bubble biasNasdaq remains neutral on both the 1D and 1W time-frames (RSI = 53.821, MACD = 70.300, ADX = 31.405). The failure to cross boave August's High maintains the Nikkei bubble comparison that we posted a few months ago. As you see this Nikkei fractal since 1970 that led to the Bubble burst 1990 matches almost perfectly Nasdaq's price action from the 2008 Bubble until today. In order to invalidate this and a second year of Bear Market, Nasdaq needs to cross above the 13,800 August High and make a Higher High. Will it succeed?
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$NDX posts impressive rally! $DJI pumps but OIL & BANKS holdDidn't get the bottom but got most of this intraday rally.
Went green & we covered all exposure done today.
Very nice day!
Could rally more but WE ARE DONE.
Going to park in a few to hang out with the girls.
$TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
$NDX loosk MUCH better vs $DJIWe can see intraday that #banking exposure is less on the #QQQ vs #DJI
Nibbled on #TQQQ this morning.
Don't be surprised if it goes green today, at least short term.
We may get some sort of push before EOD, doesn't mean risk is over.
TRADING
$QQQ $TQQQ #stocks
NASDAQ Bullish Flag and MA200 (1w) leading to 13600 by MayNasdaq found support on the MA200 (1w).
It is waving a Bullish Flag inside a Channel Up pattern.
All Fibonacci levels have formed Resistance levels that are filled one after the other.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13600 (on Fibonacci 0.5, the next in line after 0.236 and 0.382 got filled). This is also the August High.
Tips:
1. The RSI (1w) is on a Rising Support, currently supported by its MA too.
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NASDAQ 1day MA100 rebound. 12200 the upside target.Nasdaq's Channel Down not only hit the Channel Down's bottom but also the 1day MA100. Major Double Support here.
The 4hour MA50 is resisting but we are still halfway a +4.60% rise so there is still room to buy this wave.
Our Target is 12200 (top of Channel Down).
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$VIX hits top part of Symmetrical triangle$VIX rarely tends to trade in a small & tight range.
#VIX Sold off big last couple months & traded in a decent range for a bit & recently, including today, popped big.
As you can see it hit the top part of the Triangle Formation.
Hard to call here but stocks gaining some momentum, being that many were OVERSOLD, including $DJI & $NDX, $SPX and so on, is not out of the question.
Risk reward @ day lows in #stocks was good. A lot of fear out there is good for reversals.
Keep eye out on 4 hour charts for a good idea of where we stand.
FYI $DJI 4hour close was NOT the best setup BUT it did form a BULLISH Engulfing with GOOD VOLUME.
IMO 32.5k on #DJI is good & if it breaks & holds that is a good sign.
NASDAQ: Consolidating before the new bull leg.Nasdaq hit and held so far the 1D MA100 and is staying technically neutral on both the 4H and 1D time-frames (RSI = 48.402, MACD = 26.660, ADX = 22.654). This is largely part to the fact that the 4H MA50 (as well as the 4H MA200) is holding as the short term Resistance level.
The 4H RSI is on a HL trend line though and since the price closed above S1 (11,800) despite breaking it on the previous candle's wick, it is enough for uss to go long (TP = 12,220) on the short term, at least until the LH Zone (and R1 R2) break.
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QQQ Nasdaq 100 ETF 2023 Forecast. CPI Report PredictionAfter the last price target was reached:
My timeline for QQQ Nasdaq 100 ETF after the CPI report on Feb 14 is this:
1. CPI data will come better than expected. The medium forecast in 6.2, I expect 6 - 6.1.
- The market will be exuberant afterwards and QQQ will reach $317 by March 1st, thinking that the FED won the fight against inflation .
2. While inflation continues to be sticky in March, the FED will continue increasing interest rates and won`t stop until something cracks in the economy. Another 25bps increase.
- The market is expected to react and the QQQ will reach $288.
3. The year will end in a positive note, the was in Ukraine will end and the supply chain disruption that was one of the factors of high inflation , will be restored. Inflation down to 3%.
My prediction for QQQ by the end of the year is $332, a 25% increase YOY.
Looking forward to read your opinion about it!
