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NASDAQ 100 CFD

NASDAQ Relief rally to 18000 ahead?Nasdaq (NDX) finally hit yesterday our long-term bearish Target (17130), which we called a while ago (March 12, see chart below) but was postponed due to the Double Top formation: The index is now on a mixed sentiment as even though it is on a correction sequence below the 1D MA100 (green trend-line), the 1D RSI hit the 30.00 oversold limit as this Bearish Leg almost completed a -8.50% decline. During the previous Bearish Leg of the multi-month Channel Up pattern, the index had a relief rally towards the 0.786 Fib, after an initial -8.50% decline. We can see that this took place on the 0.3 Fib (blue) from the top. As a result we expect a short-term (at least) bounce to 18000. As long as the index doesn't break above the (blue) Channel Down and in particularly close a 1D candle above the 0.786 Fib (18150), we can expect a Lower Low after this relief rally. If it does close above it, we will resume most likely the long-term bullish trend earlier and we will update our position. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
5
Indices higher with the Vix as Support 🧐Hello traders.. kicking off the week here the stock indices are up alongside the USD strength. We have the vix which sold off dring the london session and this tells us that sentiment is leaning towards risk on as call options are being bought. The Nasdaq is moving up here and we could mirror some of the candles to the left handside that we observed during Friday of last week. We could move up to 17,303 or at least towards there since we have clean traffic on the 1hr chart and 4hr. Oil has continued to selloff as I anticpated and gold has sold off even more denoting some risk-off sentiment from commodities. Bond yields are up slightly denoting some risk on sentiment to begin the week here. The overall trend for yields has been up the last few weeks. It will be important to observe how candles close around 17,164 daily level as this will tell us of impending strength or weakness in Nasdaq. We may retreat towards 17,070 if price cannot sustain around 17,164 daily level.
NLong
by ShrewdCatfx
Nasdaq - Correction already over?Hello Traders and Investors, today I will take a look at the Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a pretty obvious and also profitable rising channel formation. We saw the last retest of support back in 2023 which was followed by a significant rally of +70% towards the upside. As we are speaking the Nasdaq is actually retesting resistance so there is a quite high chance that we will see at least a little more bearish continuation. -------- Keep your long term vision, Philip (BasicTrading)
TVC:NDQ
by basictradingtv
2
Nasdaq Weekly Analysis Sure, here's the corrected text: We see the price bouncing from Mon 10 OCT '22 after a year and a half of bearish market and going directly to retest the all-time high on Mon 22 Nov '21 again by MON 22 JAN '24. However, it starts to move towards a new all-time high, but with limited liquidity hindering further price increase. We've already witnessed a significant bullish move, and it's time for the market to correct itself. We've observed a weekly candle breaking the market structure forcefully towards the order block from Tue 02 Jan '24 and breaking the 50% retracement level from Mon 23 Oct '23 low to the all-time high. We anticipate the price to continue being bearish to shake out buyers and accumulate new liquidity if we aim to reach a new all-time high. Our focal point in the NASDAQ for the 2Q is the breaker from Mon 24 Jul above the 50% Fibonacci level of the bullish leg and between 0.6/0.7 of the Fibonacci level to turn bullish. Breaking Mon 23 Oct '23 liquidity support would put us in a significantly bearish condition.
CME_MINI:NQ1!Short
by Deotrade1
U.S. Stock Indices, signs of Relief? 🏛️hello traders.. the U.S. stock indices have been getting pounded by bearish sentiment related to new war conflicts. Also, they were due for a pullback as things have been quite bullish the last few months. Price currently is testing a Daily support level on Nasdaq at 17,500. The NYSE 1hr candle just closed strong bearish below our Daily support level and we are currently retesting structure to continue bearish. A 4hr zone at 17,410 may be the last hope for bears before another selloff takes place to retrace another 2 percent to 17,164 Daily support level. We currently have bearish momentum in the Risk-On stock markets. We had retail sales come out much better than expected earlier this week but this didnt do much at all for price. Strong jobs data and increasing inflation in recent months have increased price a decent amount and this looks like a healthy pullback for profit taking and liquidations.
NShort
by ShrewdCatfx
NASDAQ: This is a short term correction leading to 21,500.Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November 2020 that resumed the uptrend afterwards almost as high as the 4.0 Fibonacci extension level. The RSIs are very much alike as well, under LH trendlines. Consequently our long term target is slightly under the 4.0 Fib (TP = 21,500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100
by InvestingScope
1
NASDAQ Emphatically below its 1D MA50 after +5 months!Nasdaq (NDX) is on the pull-back process, a correction that we called on our March 12 idea (see chart below) when the index reached the top of its 1 year Channel Up: Even as recently as last week (see chart below) we called for the ideal sell entry and set a 17500 Target: As you can see, the index emphatically broke and closed below the 1D MA50 (blue trend-line) yesterday for the first time in more than 5 months (April 04 also closed below it but only marginally). That is technically as strong bearish break-out signal. The idea now is that we want the index to hit the 1D MA100 (green trend-line), which has been intact since November 06 2023, see how the market reacts and then determine if that is a low or not. Technically if it replicates the August 18 2023 Low, we should be expecting a Low on the 0.3 Fibonacci retracement level at 17,150 at least, which also happens to be just above Support 1. The decline on the Aug 18 2023 Low was of the -8.52% magnitude, so that gives us a 16900 downside limit. We don't expect the pull-back to go that low though this time. A fair bottom signal can be when the 1D RSI hits 35.00 or the bottom of its Channel Down, similar to what took place on August 18 2023. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Short
by TradingShot
Weekly Plan NQ Futures 4/14/2024Weekly plan: NQH2024 SEED_ALEXDRAYM_SHORTINTEREST2:NQ FUTURES 4/07/2024 18406 >> 18566 >>> 18718 Weekly pivot: 18284, Now 18172, Weekly Open TBD 18063 >> 17934>>> 17734 ------------------------------------------------- Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 18284 Current Price: 18172 Upside Targets: First Target: 18406 Second Target: 18566 Third Target: 18718 Downside Targets: First Target: 18063 Second Target: 17934 Third Target: 17734 Trade Plan: Long Trades: Look for buying opportunities if the price remains above the weekly pivot (18284). Entry: Consider entering long positions on pullbacks towards the pivot (18284) or if the price breaks above the current price (18172). Targets: Target the upside levels of 18406, 18566, and potentially 18718. Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week. Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18284) or the current price (18172). Entry: Enter short positions on breakdowns below the pivot (18284) or the current price (18172). Targets: Aim for downside targets of 18063, 17934, and potentially 17734. Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week. Risk Management: Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels. Consider using trailing stops to lock in profits as the price moves in your favor. Monitor the market closely for any changes in price action or news events that could affect the trade. Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
CME_MINI:NQ1!
by dhjesus
NASDAQ Will the 1D MA50 hold or break and start a correction?Nasdaq (NDX) marginally broke and closed a 1D candle below the 1D MA50 (blue trend-line) last week but quickly recovered on Friday and this week has established its price action above it. Still it is under Lower Highs following the March 21 Double Top. It is a fact that the 1D MA50 hasn't been broken in 5 months (since November 03 2023) so last week is the first bearish sign after much time, but the quick recovery leaves a neutral, to say the least, tone. However, the (dashed) Channel Up is already broken downwards, so we will wait for a final bearish confirmation, with the condition being another 1D candle closing below the 1D MA50. If that happens, we expect a Channel Down to emerge similar to July - October 2023. In that case, we will be looking on the short-term for a 1D MA100 (green trend-line) test, with a minimum Target at 17500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
NASDAQ Below the MA50 (1d) for the first time since November.Nasdaq crossed yesterday under the MA50 (1d) for the first time since November 3rd 2023, as well as the 5 month Channel Up. This is a major sell signal as last time it did that coming on a Channel Up (August 9th 2023), it initially dipped to the 0.236 Fibonacci level. Trading Plan: 1. Sell on the current market price. Targets: 1. 17450 (Fibonacci 0.236 as well as a little over Support (1)). Tips: 1. The RSI (1d) has been on a Channel Down / Bearish Divergence since January 24th. Additional strong bearish signal at least for the short term. Please like, follow and comment!!
CAPITALCOM:US100Short
by TradingBrokersView
US100/NASDAQ/USTECH/NDX100 Bullish Robbery planHello My dear Indices Traders, This is our Day Trade master plan to Heist Bullish side of US100 Market. my dear Looterss U can enter at the any point above my entered area, Our target is Red Zone that is Hgh risk Reversal area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
CAPITALCOM:US100Long
by Thief_Trader
NASDAQ: Pullback to 17,400 to test the 1D MA100.Nasdaq has turned neutral on its 1D technical outlook (RSI = 54.257, MACD = 119.240, ADX = 31.710) for the first time in 3 weeks, after a rejected on the R1 level (18445), which formed a Double Top. If it crosses under the 1D MA50 (which has been in support for 5 straight months), we will have a breakout sell signal and we will target the top of the S1 Zone (TP = 17,400). The 1D MA100 is expected to be there by the next 2 weeks. The 1W RSI is also giving a bearish signal as it was rejected on its Resistance Zone and is already downtrending under the MA. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
1
NASDAQ Short-term Support is failing.Nasdaq has been trading within a Channel Up pattern since late January and as you can see on the chart, every time the Bullish Leg held the 4H MA50 (blue trend-line) halfway (blue ellipse), the price continued the uptrend for a +5% Higher High. This time, the index closed a 4H candle below the 4H MA50, for the first time before a Higher Highs was priced. It is now probable to see a 1D MA50 (red trend-line) test for the first time since November 03 2023. If not and the index closes today's 1D candle above the 4H MA50, then we will consider it an invalidation and bullish continuation signal and we will buy targeting 18700 (+5.38% rise from the last Higher Low). If it fails to recover the 4H MA50, you may sell intra day towards the 1D MA50 but a more stable signal is to sell the break-out below the Channel Up, either on the spot or after the price rebounds to test the 1D MA50 as Resistance. In either case, our bearish Target will be 17410 (0.382 Fibonacci retracement level). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100
by TradingShot
1