NQ next stopsNext stops for NQ. Analyzed with secret method. Also we will get a new POC at the line I've drawn there. Not financial advice.
NASDAQ 100 CFD
End-of-Quarter sell-off effectAccording to ChatGPT:
Yes, end-of-quarter sell-offs are a phenomenon observed in the stock market where investors may sell off their holdings toward the end of a financial quarter. There are several reasons why such sell-offs occur:
Portfolio Rebalancing: Institutional investors, such as mutual funds and pension funds, often rebalance their portfolios at the end of each quarter to maintain their desired asset allocation. If certain stocks have performed well and become overweighted in the portfolio, they may sell some of those stocks to bring the allocation back in line with their strategy.
Window Dressing: Fund managers may engage in window dressing at the end of each quarter. This involves buying or selling securities to improve the appearance of their portfolio holdings in reports to clients or shareholders.
Quarterly Earnings Reports: Companies typically release their quarterly earnings reports shortly after the end of each quarter. If these reports are disappointing or if there are concerns about future earnings growth, investors may sell off their holdings in those companies.
Tax Considerations: Individual investors may engage in tax-loss harvesting toward the end of the quarter to realize losses for tax purposes. This could lead to increased selling pressure on certain stocks.
These are just a few reasons why end-of-quarter sell-offs may occur in the stock market. However, it's important to note that not every quarter sees significant sell-offs, and market behavior can vary depending on a wide range of factors including economic conditions, geopolitical events, and investor sentiment.
Nasdaq US100 Definitly Bullish will Go to 23000-25000,because...
I have many open and long positions in Nasdaq: See Chart I have marked my current positions and also future Entries....
Use lower TF only for long setups. Stop to listen to chats and Social Media to other so called Experts:If THEY really tade, whyy are they 99% of time wrong?
And someone who is for hours in the chats and yt ans social media, will never focus closely and seriously on trades. So stop listening to the scams,
Ok here we go. Watch the chart above. We are on Long bullish trend eekly minthly daily.:
Nowon lowertf you wanna take only Bullish trends.ONLY!
Stop going shorts:WHY? Cuz Beartrap. The speculators wanna take your money, so they gonna make you think its falling, crashing.
A correction is not a crash. Understand this. If you dont understand, then you are not a trader. Look for another busness oppurtunity.Trading ill be wring for ya.
So the market came down last week because of Gap filling.
You should understand the philosophy of the Gap filling.
Again stop listening to the scam out there, Do your home works. Analyse your mistakes of the last week.An breath.Relax.
Ok we have cup and handle. The current trend is bullish, the current pullback is natural and healthy, as I mentioned on my previouse NAsdaq analysis and trading ideas. Go there, read the updates and comments I put everyday below the charts,and studey them. My updates brings you money. Be thankful that I am commenting my ideas, you can only take benfit of it.
My Tading plans are based on logic,facts, charts, and objective. NO EGO NO EMOTIONS NO FEELINGS: Fundamentaly are bullish, summer volatility is down ,ut now rising, and the chart is bullish, it means now big traders coming back from holdiay and they will buy Nasdaq massively.Also during the summer pause the volume was extremely high. I have learned my trading by legends like Anton Kreil. If you dont kno who he is, search.... good.
Lower tF only to time for bullish setups.
Ignore bears, news. They all are old.Made by Market manipulators. Instead wake up and use Brain and logic.
Bullish Facts and Fundamentals:
Michigan Consumer Confidence Falls In August, But Beats Expectations: Declining Inflation, Resilient Job Market Key Factors
US Inflation Metrics Diverge, Complicating Outlook for Cooldown
Strong services costs lift US producer prices; inflation expectations dip
US stocks finished mixed on Friday, as investors were digesting fresh inflation data and assessing the future path of the Federal Reserves. The Dow Jones closed 105 points higher, supported by gains from Chevron (+2%) and Merck & Co (+1.8%). Meanwhile, the S&P 500 edged lower by 0.1% and the Nasdaq lost nearly 0.7% pulled down by a sell-off in shares of AMD (-2.4%), Nvidia (-3.6%) and Micron (-1.6%). Producer prices, which tracks the price wholesalers pay for raw goods, rose 0.3% on the month, raising bets the Fed will need to keep rates higher for longer. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. On the week, the Dow dipped 0.1%, while the S&P 500 lost 0.7% and the Nasdaq sank 1.8%, a second consecutive week of losses.
The Dow Jones attempted gains while the S&P 500 and the Nasdaq fell by 0.3% and 1%, respectively, after higher-than-expected producer inflation prints increased bets the Fed will need to keep rates higher for longer. Producer prices rose 0.3% on the month, led by a rebound in services cost. Yesterday, both headline and core consumer inflation came below forecasts, but remained well above the Fed's 2% target. At the same time, San Francisco President Mary Daly noted that the Fed has more work to do to bring inflation down. Traders now see a nearly 87% chance the central bank will leave interest rates steady next month, below 90% before the PPI release, and the odds for a 25bps hike in November have been rising this week and currently stand at about 29%. The tech and communication services sectors were the worst performers. On the week, the Dow is up 0.5% so far, while the S&P 500 lost 0.4% and the Nasdaq sank 2%, a second consecutive week of losses.
Bitcoin | A New OutfitCrypto analysis is almost entirely based on models.
Models that work, until they don't.
1st Law of Trading: Models and "laws" like the power law, stop working when everybody agrees on them.
2nd Law of Trading: The 1st Law is a paradox.
3rd Law of Trading: There are no laws.
4th Law of Trading: This statement is false.
Aaaaand I broke AI.
(Portal 2 would suggest that, who knows if we could break ChatGPT with a simple paradox)
Shiny smartphones and large mirrors can make you look like a completely different person.
It is magic really... Computational Photography on your favorite pose/profile can make you a supermodel. And so, I decided to change up the mirror of Bitcoin to make better sense of it. It is like removing the beautification filter.
A simple analysis many could agree with.
Crypto is a child of Big Tech, much like "AI" is.
Crypto may be facing a grim future.
But AI has just began it's ventures.
We should however think twice.
And perhaps think thrice, just to make sure...
Is NVDA ridiculously overextended, or is it just starting killing Bitcoin?
Has NVDA found the secret sauce to take advantage of crypto dynamics?
I don't know the answer to the questions above.
(I have) no one to follow and nothing to teach.
Tread lightly for this is hallowed ground.
-Father Grigori
QQQ bearish Head-and-Shoulders pattern confirmedNASDAQ:QQQ has shaped Head-and-Shoulders formation on the daily chart. Daily downtrend confirmed, weekly consolidation has started.
Please note that broad SP500 market is still technically in an uptrend, meaning that buyers are still strong. So if you plan entering SHORT on QQQ I would wait for a pullback to increase risk-reward. An example of possible trade is shown on the chart. Of course, it is important to monitor how things develop and make corrections if needed.
Disclaimer
I don't give trading or investing advice, just sharing my thoughts.
QQQ Nasdaq 100 ETF Options ahead of the FOMC decisionAfter the 2023 Price target was reached for QQQ:
Now Powell's likely to take a hawkish stance tomorrow, given the CPI, PPI, and GDP data.
Interest rate cuts probably won't happen before June, in my opinion, potentially causing both indices and the crypto market to decline.
I would consider purchasing the 416usd strike price Puts with
an expiration date of 2024-4-19,
for a premium of approximately $2.55.
My end of the year Price Target for QQQ, the Nasdaq 100 ETF, is $470.
$QQQE & $RUT show breadth is not as bad as they're saying$QQQW is the equal weight NASDAQ:NDX and it is at an all time high, forming a cup. The question is, "Will it form the handle & breakout"?
TVC:RUT is in an uptrend but facing trouble at resistance.
This shows that breadth is not as bad as they paint it to be. However, it could be a lot better.
AMEX:IWM
NASDAQ Correction not over yet but won't be a big one either.Nasdaq (NDX) started a correction last week (see our March 12 idea below) which was after a rejection at the top of the multi-month Channel Up that transitioned into a Head and Shoulders (H&S) on the lower time-frames (4H) and broke below February's Channel:
Despite the early bounce today, we don't expect this correction to be over, but won't be a lengthy one either. On the 1D time-frame we set a 17130 Target and that seems to be almost in perfect sync with what the 1W time-frame shows us, which is at most a test of the 17,000 - 16,850 range.
What's the importance of this? Well that is the horizontal level of the previous November 2021 All Time High (ATH), i.e. a Resistance, that may now turn into a Support. As this 1W analysis shows us, since NDX started trading inside a log Channel Up since 2010 (that later broke upwards thus is best viewed here by the Fibonacci Channel levels), the prior Resistance has been tested and held 9 times (with the exceptions being the March 2020 COVID flash crash and of course more recently the 2022 inflation Bear Cycle).
The key on those sequences has been the formation of Lower Highs on the 1W RSI when done above the overbought barrier (70.00). The 2nd Lower High has basically been the technical sell signal that called for the formation of the medium-term Top.
At the same time though keep in mind that on all those medium-term corrections, the index touched the 1W MA50 (blue trend-line), with the only exception being the September 2020 pull-back. The 1W MA50 is currently at 15500 (but rising aggressively), considerably lower than the 17,000 - 16,850 Support Zone. The difference maker in any case would be the Fed's outlook towards potential rate cuts this year. The slightest mention of potential cuts either this Wednesday or later, would be enough not to let the index free fall to the 1W MA50.
In any case, this chart shows long-term investors when to consider to take some profits (RSI Lower Highs) and then when to have the patience to wait a few weeks - 2 months before entering again. On the long-term we expect a minimum repeat of the September 2020 - November 2021 rally towards the 2.0 Fibonacci extension. As a result our long-term target on Nasdaq is 27000.
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silver daily best level to buy/hold 20% gains🔸Hello traders, today let's review day/candle price chart for spot silver.
strong recovery in progress currently, limited downside and bulls maintain strategic advantage.
🔸V-shape recovery in progress, also potential bullish IHS setup (required confirmation).
right now we triggered mild overhead resistance near 25 usd and therefore expecting
short-term pullback before further upside.
🔸Recommended strategy for silver bulls: wait for pullback from overhead resistance and
be ready to reload on buy side near 23.10/23.50, stop loss fixed at 22.50. TP1 25.50
TP2 27.75 +20% gains / buy / hold setup for patient traders only. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NASDAQ Channel up transitioning to a Head and Shoulders.Nasdaq broke and closed today a (4h) candle under the MA200 (4h) for the first time January 8th.
By doing so it completed a Head and Shoulders formation, which is a bearish reversal pattern.
Its target is technically the 2.0 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 17200 (the 2.0 Fibonacci extension, located between Supports 1 and 2).
Tips:
1. The RSI (1d) is inside a Channel Down since the start of Nasdaq's Channel Up, which is a technical Bearish Divergence. It shows that the bullish momentum has lost its strength.
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Please God, Just One More Bubble. What Crying 2000's Are CallingChastened by the tech bust, venture capitalists and entrepreneurs have spent the last couple of years taking startups back to basics. No longer could they expect to turn an idea scribbled on a napkin into an instant company and cash out in a couple of years. To get funding and go public, companies had to have solid technology and business models, experienced management, reasonable valuations -- and, above all, profits. This reassuring regime made it easy to laugh at a bumper sticker sighted around the Valley last year: "Please God, just one more bubble."
Now, it looks less like a joke than a warning. Too many tech investors, from Wall Street to Sand Hill Road, seem to be ignoring why they crashed after the 1990s hit a dead end. Venture capitalists are pouring money into look-alike startups in nascent sectors such as social networking. Even after a recent swoon, stocks of some dot-coms, such as eBay Inc. (EBAY ), look pricey. And not only are more money-losing companies going public, initial valuations can be distinctly frothy. Google Inc.'s imminent offering, for instance, could value the search engine phenom at $36 billion. Says Bill Burnham, managing partner of the VC firm Softbank Capital Partners: "Some people expect the good old days will be back and they can party like it's 1999."
Indeed, the rise in shaky initial public offerings may be the most worrisome indicator that not all investors have learned their lesson. Some 44% of the companies going public so far this year were losing money, compared with only 30% last year, according to the investment bank Renaissance Capital. "They've lowered the bar," says Renaissance analyst Paul Bard. Why? "The VCs are pushing their companies to go out," says Jef Graham, CEO of networking startup Peribit Networks Inc., which has held off going public for now. "Bankers are like sharks smelling blood in the water."
That was a part of Bloomberg publication , dated on August 25, 2004.
It's gone 20 years or so..
- Something changed?
- Nope. Nasdaq-100 is near the same 'red lines'.
UPDATE: Nasdaq target 1 reached next one even higher116,956 target reached easily.
This was based off the W Formation and the price breaking above the neckline.
Then we had the run up which surpassed the first target of 16,956 - Text book.
Now the price is heading to the next target at 18,800. This is purely based off a momentum trending strategy.
The bull run is not over until it's over...
So trade cautiously and trade within the trend.
If you're predicting tops, EGO is taking over.
If you're predicting tops, Gambling mentality is lurking.
If you're trading tops - You feel you have something to prove.
Simple.
Comparative analysis. Fractals. Bitcoin and Nasdaq. Lagging.Logarithm. Assignment in three days. Formations "Bowl". There is a fractal similarity.
The Nasdaq index is "ahead." The price is now at $15,237 after a nearly vertical strong price rise from the last consolidation of +18.21%. Note the price levels and their values on the CME.
Bitcoin lags noticeably if this fractal structure is realized, but the % ratio targets are also an order of magnitude higher due to lower liquidity.
BTC secondary trend (part).
This bitcoin reversal zone was shown here.
BTC/USD Secondary trend. Medium-term work. Pivot zone
Save or increase, if you can trade successfully — your digital gold for “central banks” .
NASDAQ Top of the 1year Channel Up. Needs to correct.Nasdaq (NDX) is almost at the top of the long-term Channel Up that started back in January 2023 and the 1D MA50 (blue trend-line) has been supporting the current Bullish Leg since November 03 2023.
That is a very aggressive wave that is most likely coming to an and as technically it resembles the previous Bullish Leg that peaked on July 18 2023 on a similar (as you can see) structure, which then corrected initially by -8.50% to the 0.3 Fibonacci retracement level just above the 1D MA100 (green trend-line).
As a result, we are turning bearish and our target is 17130, which is Support 1 and where most likely contact can be made with the 1D MA100 on a marginally less fall than -8.50%.
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NASDAQ: Pullback towards the Fed Rate day has started.Nasdaq flashed a strong bearish signal this week as the 1W RSI crossed under the MA trendline for the first time since November 7th 2023. While at it, the price hit the top of the 2023 Channel Up. The last timw we saw those taking place was on August 3rd 2023, a little after the HH top. A Channel Down may now emerge as the correcting wave to the 1D MA100 and possibly beyond. But for the time being, we want to time a Low on the Fed Rate Decision date on March 21st. Its bottom is our target (TP = 17,100), a potential contact with the 1D MA100, lower Support Zone.
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NASDAQ Correction is starting, at least to 17350.Nasdaq / US100 is near the top of its 14 month Channel Up.
As you can see, the patterns between the only two bullish legs of the Channel Up are similar and when the July 19th 2023 top was formed, the index fell on its first bearish wave by -8.75% on its 0.236 Fibonacci level.
Sell now and target 17350 (0.236 Fibonacci) and if it closes a 1W candle under it, resell and target 16800 (-8.75% decline).
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Why I technically feel, Tesla is ready to build 30X againKeep It Simple and Trade With the Trend.
As a trader, you have probably heard the old adage that it is best to "trade with the trend." The trend, say all the pundits, is your friend. This is sage advice as long as you know and can accept that the trend can end. And then the trend is not your friend. There are multiple ways to spot trends, direction, and momentum.
So how can we determine the direction of the trend?
Let's take a look on the KISS rule, which says, "Keep it (as much as possible) simple, stupid!" Here is a method of determining the trend, and a simple method of anticipating the end of the trend.
Before we've started, it should be mentioned the importance of time frames in determining the trend. Usually, when we are analyzing long-term investments, the long-term time frame (one-week or larger) dominates the shorter time frames. However, for intraday purposes, the shorter time frame could be of greater value. Trades can be divided into three classes of trading styles or segments: the intra-day, the swing, and the position trade.
Large commercial traders, such as those companies setting up production in a foreign country, might be interested in the fate of the currency over a long period of such as months or years. But for speculators, a weekly chart can be accepted as the "long-term".
Averages Moving in Pairs
With a weekly chart as the initial reference, we can then go about determining the long-term trend for a speculative trader. To do this, we will resort to two very useful tools that will help us determine the stage of the trend. These two tools are the simple moving average and the exponential moving average.
Going further and keeping in mind all the mentioned above rules, lets build the trend.
Darlings, well graphed Tesla stocks trend is still the same as in 2019, where it started 30x gain.
Anybody tried to get all the path at those times? There's a chance you'll miss it again!
Nasdaq racing to 18,800 level - Trenders havenSInce the Nasdaq reached our take profit, our hands have been sat on!
It's tricky for a breakout trader to trade the trends. We never know how long to hold on for (with daily interests that eat up our portfolios).
So, I can only assume the uptrend will prevail until it reaches a target of 18,800. This is most likely where the US 30 will reach its target at 40,000 psychological level.
But until then, we'll just wait for our breakout pattern to emerge.
SPY IWM QQQ analysis : Blowoff top?SPY & QQQ saw negative reversal today despite the strength in semis.
Major resistance is in play.
IWM failed breakout on watch?
NASDAQ: Channel Up peaked. Correction needed.Nasdaq is forming a new HH at the top of the 1 year Channel Up with the 1W timeframe overbought technically (RSI = 70.596, MACD = 766.660, ADX = 46.154) and the RSI in particular under LH and inside the red Resistance Zone. This is a bearish signal, validation would come upon a 1D MA50 bearish crossing. Our target is the 1D MA100 (TP = 16,850).
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NASDAQ Is this a Double Top? Potential decline to 16900.Nasdaq (NDX) tested and was rejected last Friday on the 18100 Resistance, which was formed by the February 12 High. This is a technical Double Top formation and as long as it holds, there is high probability for the index to start the new Bearish Leg of the 1-year Channel Up pattern.
In fact the recent February 12 High is technically as close of a Higher High for this Channel Up as possible and was formed while the 1D RSI was on Lower Highs since December 19 2023 (Bearish Divergence), similar to the July 18 2023 High. The similarities of the Bullish Leg that started on the October 26 2023 bottom with the previous that formed the July 18 2023 High, are in fact very strong.
As a result, it is very probable to see a symmetrical -8.50% decline towards the 1D MA100 (green trend-line) and the Support 2 level but we keep a shorter-term perspective due to the overall bullish dynamics this year and our short is 'only' targeting the 0.3 Fibonacci retracement level (as with the August 18 2023 Low) at 16900.
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