Nasdaq breakdown analysis 27/03/2023Dear traders Nasdaq reached previous monthly candle is seems he may test previous wick so as I said in my chart I’d price came and retest 12776 and close above so it will be change to look for buys at this zone and if price came and breaks below 12776 it will be high chance to keep correcting this move so follow my instructions and wish you the best of luck
NASDAQ 100 CFD
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK
NQ1! NAS100 NASDAQ 2023 Mar 27 WEEK
Nothing eventful last week at price was testing 12950.
No trades for indices last week as opportunity didn't happen
during my waking hours. Also the messiness on M30 &
lower TF.
Concern: Despite greater effort, progress from
H to H1 was only marginally higher, and price closed below
12950.
Possible scenarios:
1) Market test 13740 = long on retracement //
acceptance at 12950
2) False break of 12950 = short on rejection of 12950
Volume Analysis:
Weekly = Narrowing spread Ave vol up bar close off high
= non-trend changing minor
weakness
Daily: No Demand up bar = non-trend changing weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13740 12950-12678
11921 11068-10710
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Have a profitable trading week ahead.
US deposits safe? Don’t bank on it Nasdaq bullsSentiment on Wall Street took a turn for the worse by yesterday's close. Janet Yellen conceded that she has not considered a "blanket insurance" for US banking deposits, and Jerome Powell pushed back on any hopes of rate cuts from the Fed this year.
The Nasdaq 100 came close to reaching out 13k target before momentum reversed sharply lower, closing the day with a bearish outside / engulfing candle. It also saw a false break of the prior cycle high and clos back beneath the upper bollinger band, with a bearish divergence on the RSI (2).
- The bias is for prices to mean revert towards 12,230 / 20-day MA, with 12k and the March lows also contenders for bearish targets.
- The bias remains bearish below 13k, but yesterday's high can also be used is a tighter approach to risk management is required.
BREAKDOWN ANALYSIS NASDAQ 21/03/2023dear traders Nasdaq today was failed to create new high or new low it was in trading range so as you re see in chart above 12594.7 you’re good to buy and if he rejected below 12565 it may be a chance to sell
trade safe
NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK
NQ1! NAS100 NASDAQ 2023 Mar 20 WEEK
The daily Ultra Lo Volume down bar and support at 11930
provided good meat for week of 13 March.
Market finally broke through 12418 and is near supply zone
12810-12950. Let's see how price reacts to this level.
Possible scenarios:
1) Possible formation of rotation 12950-11930 =
trade at boundary of zone
2) Long on retracement
3) False break of 12950 for short
Volume Analysis:
Weekly = High vol up bar close off high = minor weakness
Daily: Ave volume S>D bar into an area of previous resistance
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14361 13587 12950
12950 11930
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NDX100 :TRADING ON SUPPORT AND RESISTANCE LEVELWe are doing analaysis at support and resistance level and put pending orders of sell stop and buy stop in both levels further details mention below about how to execute orders in MT4
Buy Stop Order
Entry Price:12891
Stop Loss:12698
Tp1:13084
Tp2:13227
Risk Reward 1:1
Overall Risk 2%
Sell Stop Order
Entry Price :11818
Stop Loss:12026
Tp1:11611
Tp2:11403
Risk Reward 1:1
Overall Risk 2%
NASDAQ BREAKDOWN ANALYSISdear traders i see nasdaqwith this level key high opportunity to catch the perfect move
you have to respect levels and let the market play arround dont jump in it without knowledg
trade safe
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!
Nasdaq -> Ready For The BullrunHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently retesting a quite obvious weekly support/resistance area which is turned very strong support once again.
You can also see that we recently broke above a down-trendline, created a double bottom and had a bullish ema-crossover, which are all very bullish signs, so from a weekly perspective I just do expect the continuation towards the upside.
On the daily timeframe however you can see that we are currently creating bearish market structure, so I am now just waiting for a bullish break and retest of the next resistance zone, before then also the daily timeframe looks quite promising for the next rally 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 IN 1Hdear traders as we see nasdaq was closing bearish last friday
we have opportunity to buy above 11897.00 target will be 12.000
and if he break bellow 11784 high opportunity to sell targer will be at 11500
good luck
NQ1! NAS100 NASDAQ 2023 Mar 13 WEEK
NQ1! NAS100 NASDAQ 2023 Mar 13 WEEK
Week of 06 March, market gave 300pts from 2 trades.
Market is trapped between 12418 - 11930.
Although daily bar showed little supply for
short term long opportunity, the low volume
means it is cheaper to whipsaw the market.
Trade with caution.
Possible scenarios:
1) Market continues to be range bound between 11930-12418
2) 11930 support long (test of breakout area)
3) 12418 // 11930 continuation short to reach
bottom range of larger rotation zone 10710- 11135
Volume Analysis:
Weekly = Ave supply down bar (non-trend changing)
Daily: No supply ULTRA low vol down
H4 = Supply showed effort no result + Low vol No Supply
down bars
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12950
12418-11930 11135 - 10710
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NASDAQ to Gold - this development is possibleNASDAQ to Gold - this scenario is possible, just like any other, but based on the pattern, long term trend and previous progression, it seems likely.
The price action will never be a straight line, in most cases there will be a retracement to to 50% of the previous peak or trough before it decides on a direction up or down and you will be able to discern it later, with delay.
Take care & stay cool
A bullish case for the Nasdaq 100The weekly timeframe has been slowly developing a bullish structure. The retracement from the all-time high stalled at a 61.8% Fibonacci ratio (from the pandemic low), and prices have since rallied to trade above the previous cycle high. OBV (on balance volume) is also confirming price action high. A recent pullback from the March high has stabilised above the 200-week MA and a small bullish candle formed last week.
The daily chart shows an ABC correction which was completed with a bullish engulfing candle. Prices rose above the 20, 50, 100 and 200-EMA's and now pulled back to gap support. Given the Nasdaq has only fallen -0.6% this week despite the negative sentiment from potential Fed Hikes, it is holding up pretty well. SO if sentiment improves, the Nasdaq may go on to outperform its Wall Street peers.
- The remains bullish above the 11,830 low and for a retest of the 12,880 highs
- If prices can hold above gap support, bulls could consider tighter risk management
NASDAQ Forming the 1st 1D Golden Cross since May 2020!Nasdaq (NDX) hit our first target (12370) on last week's analysis and as the condition for the next one wasn't fulfilled (closing a candle above Resistance 1 (12230)), we didn't re-buy:
This week comes with even stronger technical news as despite yesterday's Powell driven rejection, the index is about to form a 1D Golden Cross, the first since May 22 2020! That alone is a major bullish signal for the long-term and as even the 4H MA50 (red trend-line) is supporting, we are buying again with Target 1 being the same (12370). As mentioned previously, if a candle closes above Resistance 1, we will enter another buy targeting 12740 (slightly below Resistance 2).
Note that even though this is a Channel Down pattern since the February 02 High (see how perfectly all candles have closed within the pattern), it is the 1D Golden Cross as well as the Higher Lows on the 1D RSI that are making us believe a bullish reversal is emerging.
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Nasdaq -> Please Listen To MeHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
From a weekly perspective, the Nasdaq in my opinion looks extremely bullish. We just created a double bottom with a break above the neckline and last week we already started the continuation towards the upside.
We are also having a bullish weekly ema crossover, all things pointing towards the beginning of the next bullmarket so on the weekly timeframe I just expect the continuation towards the upside.
On the daily timeframe we are currently retesting previous support which is now turned resistance so I am now just waiting for a break and retest of the resistance area which is then turned support and then the continuation towards the upside looks extremely likely, also from a daily perspective.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
QQQ Nasdaq 100 ETF Price PredictionOn March 7th we have the Fed Chair Powell Testimony, that could reveal that the FOMC is going to hike the interest rates for a longer period of time, and maybe give us a clue if it`s the case for a 50bps increase after the next meeting.
On March 10th we have the Non Farm Payrolls and Unemployment Rate that could also fuel a potential 50bps hike if they come better than expected.
In this context, my price target for QQQ Nasdaq 100 ETF is $285 by Mid-April.
Looking forward to read your opinion about it.
NASDAQ making a bullish reversalNasdaq (NDX) held the 1D MA50 (red trend-line) as Support and rebounded just before touching it. The bullish break-out confirmation came after the price broke and closed above the 4H MA50 (blue trend-line) for the first time since February 16.
The medium-term pattern remains a Channel Down on a 4H Death Cross, so attention is require and short term targets after confirmed break-outs. If the price closes above Resistance 1 (12230), target the top of the Channel Down at 12370. If then it closes above Resistance 2 (12385) also, we can take a longer buy targeting the Double Top Resistance (red) at 12740.
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Nasdaq off lows but pressure remains • Nasdaq rebounds but bond markets continue to signal “risk off”
• Stronger US data further boost hawkish Fed bets
• More rate hikes and longer contractionary monetary policy should be bad for stocks
The Nasdaq bounced off its earlier lows along with the global market after the US cash open. But with bond yields breaking further higher, there is a risk we could see renewed weakness in US markets later.
More strength in US data sends yields even higher
Today we had stronger showing from the housing market, with jobless claims falling unexpectedly to 190K from 192K, versus a rise to 196K expected. On top of this, Unit Labour Costs were revised higher to 3.2% for the fourth quarter from 1.1%, confirming that wage inflation is on the rise. This comes after the ISM PMI’s prices index jumped nearly 7 points to 51.3 from 44.5 last, as we found out on Wednesday. Previously, the Fed’s favourite measure of inflation – the Core PCE Price Index – printed higher than anticipated on Friday. That – as well as some other above-forecast economic indicators we have seen of late – all helped to raise market’s expectations about US interest rates.
As a result, US 10-year Treasury yields crossed 4.00% on Wednesday for the first time since November. They have gone a bit further higher today, reaching a high so far of 4.08%, as incoming data is continuing to provide more reason for the Fed to be cautious than declare victory on its fight against inflation.
Rising bond yields will make some stocks less attractive, especially those with high valuations and/or low dividend yields.
So, it remains to be seen whether this bounce will hold.
Nasdaq rebounds off lows to test 200 MA
In fact, the Nasdaq was testing a key level of potential resistance at the time of writing, around 11900. As well as prior support, the 200-day average also comes into play here. The bears will want to defend this level if they want to see lower levels. The bulls must reclaim this level on a daily closing basis to provide a positive technical signal for would-be buyers.
If resistance holds, then the immediate target would be the liquidity below today’s earlier low at 11810, where stops from people who bought the dip would undoubtedly be resting. Below that level, the 50% retracement level of the entire up move from the October low will come into focus.
Meanwhile, if the bulls manage to show up and push the market back well above the 200-dya average and resistance at 11900 on a daily closing basis, then this could ignite follow-up technical buying towards 12000 initially, ahead of 12100 and then 12200 next.
All told, the risks remain skewed to the downside, and we favour looking for rebounds to get faded into resistance than fading into the dips.
NQ1! NAS100 NASDAQ 2023 FEB 27 WEEKNQ1! NAS100 NASDAQ 2023 FEB 27 WEEK
Did you take the Scenario2 short from 12271?
After the breakout, market is back to test previous rotation
zone. 11706 will be critical to sustain the breakout.
Possible scenarios:
1) 11706 support holds + higher lows = long
2) 11706 becomes rejection = short on test and reject
Volume Analysis:
Weekly = Lower vol down bar close off low - minor weakness
Daily: Ave vol down bar close off low = minor weakness
H4 = UHV narrow spread down bar + next bar higher
= demand coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 12987 12137
11706 10710
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NASDAQ hit the 6-month symmetrical Support. Potential rebound.In our last Nasdaq (NDX) analysis 10 days ago, we called for a short-term correction after the price already filled the Gap of Resistance 1 (12985) and started making Lower Highs:
Our target was the 6-month Pivot Zone, which is a symmetrical liquidity level, Support in early September and Resistance in mid November to mid December. In our analysis that is the ultimate test to prove that the Double Bottom of late 2023 was indeed a Cycle bottom.
The index hit today its 1D MA200 (orange trend-line) and within 3 weeks the 1D MA50 (blue trend-line) can potentially break above it, forming the first 1D Golden Cross since May 21 2020. The 1D RSI has a clear Higher Lows Support Zone, which is about to enter, so many indicators point to a rebound soon.
It is worth positioning ourselves earlier for a medium-term rally that will fill the next Gap on Resistance 2 (13750), though of course the 1W MA100 (red trend-line) needs to be considered as a Target too as it rejected the index back on August 16 2022.
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