#NASDAQ100 #NDX Elliott 5th Corrective wave is on the play4 corrective waves succesfully done and now proceed to 5th wave. Probable targets are given on the chart. This was the most important part, the technical analysis. Neither global conditions (EU Energy crysis, war threats, inflation and covid rise), neither astrologic conditions (Jupiter retro will not leave 23 - 28th Oct) doesn' t allow a real bounce. And #dollar index $DXY is growing and EUR is weakening. It' s time be most careful. After the 5th wave dip, an ABC bounce is expected. Not financial advice. DYOR.
NASDAQ 100 CFD
Nasdaq to continue bearishAugust closed with a very strong bearish candle with price failing to break 12991 area a very strong area of resistance. The price is now continuing to move down to previous lows of 11391, where if broken will create a new lower low. Keep a eye out for my analysis on the lower timeframes.
US100Hi Everyone,
Just to share a near term forecast for September month. To summarise:
-Short-term bottom expected around 11.6-11.8k range to complete Wave I of C, with the completion of wave v.
-Expect a correction to at least 12.4k to complete Wave II of C.
-New lows expected with Wave III and V of C, thereafter.
This analysis is invalidated if prices exceed wave i (12.8k).
Good luck!
NAS100 USD NQ1! NASDAQ 2022 SEP 05 Week
NAS100 USD NQ1! NASDAQ 2022 SEP 05 Week
Last week Scenario 2 short at rejection of 12735 worked well.
Market is temporarily supported at 12017. 3 TF analysis showed
minor demand,
Possible scenarios:
1) Temporary long opportunity if 12018 is supported
2) Short on retracement / rejection at channel's supply line /
rejection of 12442, 12018
Weekly = High vol down bar close of low = supply, with minor demand
Daily = High vol down bar close off low = minor demand
H4: Ultra high vol down bar close at low, next ave vol up bar = minor
demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
13587 13200 12735 12442
12018 11620 11348
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Daily analysis & day trading setups - NASDAQ NAS100USD 20220831Happy month end, Happy Midweek, Happy Wednesday,
So finally we are ending a volatile month.
NASDAQ is making bear flag after bear flag and breaking down since 13 530. Today, we are breaking down from another bear flag. However, the drops are becoming smaller.
The line in the sand for the day is 13 438.
If we break 12220, it will open up for 11925. Break out of 12475 with further move above 12670 will signal change in direction.
REMEMBER it's a mid week month end.
Macro EU DE Unemployment, HICP, US Employment Change, Chicago PMI
Buy
Break: 12 385, 435, 460
Reversal: 12 345, 300, 256, 230, 205, 157, 118
Sell
Break: 12 350, 325, 300, 256, 230, 141
Reversal: 12 382, 406, 447, 500, 560
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
update nasdaq After a big correction in the form of a neutral triangle as wave a of a flat , we entered a neutral reverse triangle, which is the initial branch of wave b of the mentioned flat. After several fluctuations in the form of a (probably) triangle, we will enter wave c with targets above 14,000, which can be a good profit for traders.
Daily analysis & day trading setups - NASDAQ NAS100USD 20220829Happy New Week, Happy Monday,
BE CAREFUL. NASDAQ is now stacking up >>> DMA200 > DMA10 > DMA100 > DMA50 > Price Action
Line in the sand today is 12590 but headwinds are strong. If DMA50+100 holds, there is chance of immediate recovery. Otherwise, break of 12380 will open up 12 280, 11990 and even 11695.
Macro Macro ECB Lane Speech, US Fed's Brainard Speech
Buy
Break: 12 475, 545, 583, 670, 795
Reversal: 12 380, 282, 205, 120
Sell
Break: 12 400, 300, 215,
Reversal: 12 547, 605, 700, 815, 900, 13055
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220826Happy Friday,
Line in the sand for NASDAQ stands at 13026 but the level to watch now is 13228. Break of that level and then 10 DMA at 13295 will mark a new start. JP will make or break this. That's the reason it has only moved 25% of the range so far.
Macro US Core PCE , PI/PS, Powell Speech, Michigan Cons. Sent. Index
Buy
Break: 13 095, 150, 180, 230, 300
Reversal: 13 030, 12 950, 910, 860, 830
Sell
Break: 13 070, 015, 12 990, 950, 890
Reversal: 13 130, 150, 200, 260, 310
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220825Happy Thursday, Happy GDP Day,
NASDAQ has created a nice double bottom + HS pattern with a breakout this morning from 12990
There are still a couple of levels to clear at 13075 and 13110 before bulls aim for 13230 again. Bears want to bring it below 13k to start with
Macro EU ECB MPM Accounts, US GDP, Jobless Claims, Jackson Hole
Buy
Break: 13 050, 085, 125, 160, 230
Reversal: 13 030, 13k, 12 930, 885
Sell
Break: 13 035, 12 980, 950, 895, 840
Reversal: 13 100, 180, 230, 320
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups - NASDAQ NAS100USD 20220824Happy Mid Week, Happy Wednesday,
NASDAQ has created a lot of headwinds at 12890, 12940 & 13040. However 12800 is standing like a rock at the moment. Will it hold?
12800 is our line in the sand
Macro EU DE 10y Bond Auction, US Durable Goods Order, Nondefense Capital Goods Orders, Pending Home Sales
Buy
Break: 12 880, 940, 13 010, 050
Reversal: 12 780, 670, 580, 520, 470
Sell
Break: 12 800, 670, 590
Reversal: 12 885, 950, 13 020, 075, 110
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis & day trading setups on NASDAQ NAS100USD 20220823Happy Tuesday, Happy PMI Day,
NASDAQ is now sandwiched between 10 DMA at 13 374 & 100 DMA at 12 659. Headwinds are getting stronger for NDX since it has broken below June 3 high. Bears want to bring it below 12 700 to regain control and bulls would like to push it back above 13230 to continue rally.
Welcome to an unstable market. Those who are old enough to have experienced or wise enough to have studied the market of DOT COM burst will know exactly what I am talking about
Macro EU ECB Panetta Speech, Consumer Confidence, US PMI, Home Sales
Buy
Break: 12 940, 13 010, 090
Reversal: 12 875, 790, 670, 580
Sell
Break: 12 885, 800, 695
Reversal: 12 960, 13 020, 110, 230
I regularly publish my daily analysis & trading plan for day trading setups. The links are here:
NASDAQ
DAX
SPX
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week
NAS100 USD NQ1! NASDAQ 2022 Aug 22 Week
Last week's weakness and previous supply came in, manifesting in
Scenario2 short opportunity. Market closed at demand line.
Diminished volume informs us of low market participation, as such
whipsaw action may be expected. Trade with caution.
Possible scenarios:
1) Channel support for long opportunity
2) Short if channel support becomes resistance
Weekly = Ave vol down bar = minor weakness + UT
Daily = Ave vol down bar close off low = minor strength
H4: Narrow spread UHV bar close slightly off low = Strength coming in
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
14350 13580 12948
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Daily analysis and day trading setups on NASDAQ NDX 20220816Happy Tuesday,
Wisdom: The greatest secret of a successful trader is letting market be what it is instead of what you think it should be, and then make the best of it. So stop fighting for bulls or bears and make money.
Line in the sand today is 13646. Bulls want to keep it above that and go on to break 13680, 13710 & 13740. Bears are looking for 13590, 13560 & 13530.
Macro EU/DE Zew Survey, US Building Permits, Housing Starts, CAD CPI
Buy
Break: 13680, 13735, 13820, 13955
Reversal: 13595. 13530, 13450, 13295
Sell
Break: 13600, 13540, 13470
Reversal: 13695, 13745, 13840, 13895, 13960, 14030
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Daily analysis and day trading setups on NASDAQ NDX 20220815Happy Monday, Happy New Week,
Nasdaq is technically in bull control. The line in the sand is 13450.
Macro Nothing of significance today
Buy
Break: 13560, 13650, 13740, 13825
Reversal: 13450, 13370, 13265, 13180, 13110
Sell
Break: 13470, 13380, 13290, 13200
Reversal: 13570, 13660, 13750, 13840, 13930
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
Nasdaq100 index weekly viewNasdaq100 index closes up 2.1% last week for the fourth positive week in the longest streak since November.
The index closed on the daily timeframe on Friday above the200EMA (13,412) for the first time since early April, and above the 50EMA (13,486) on the weekly timeframe for the first time since late March.
The index may extend its rally into next week testing 13,980 - 14,300 resistance levels.
Daily analysis and day trading setups on NASDAQ NDX 20220812Happy Friday,
Line in the sand for NQ_F today is 13300. Bulls want go above 13380 and bears to go below 13230. These 150 pts may end up deciding this battle.
Macro US Michigan Cons. Sentiment Index
Buy
Break: 13380, 13430, 13500/20, 13580
Reversal: 13300, 13200, 13110/085, 13030
Sell
Break: 13300, 13210, 13125/095
Reversal: 13380, 13450, 13510/40, 13600, 13670
Green Goblin levels are here >>>
Fibonacci Confluence levels are here >>>
EURUSD To Potentially Fall After US Core CPI SpikeThe result of today's US Core Cpi data both monthly and yearly:
(Core CPI (MoM) (Jul)
Act: 0.3% Cons: 0.5% Prev.: 0.7%-
Core CPI (YoY) (Jul)
Act: 5.9% Cons: 6.1% Prev.: 5.9%)
showed a strong sentiment of bearishness in regards to the US dollar. Monthly data showed decreasing inflation from the previous month's data and also was less than expected. Yearly data showed inflation flattening out and also was less than expectations. Across the whole foreign exchange market and main pairs the dollar fell short. There are some good opportunities today for a day trade for pairs such as EURUSD, GBPUSD, AUDUSD, NZUUSD shorts, and USDJPY, USDCHF, USDCAD long positions. There should be a market correction after the big US dollar sell off. I will be looking for a 4 hour short on EURUSD and long for USDJPY soon, along with the other currency pairs mentioned.
In regards to the stock market, the S&P500 and NDX100 saw big gains and should continue to see bullishness with inflation decreasing. This is beneficial for the stock market. Meta saw shares rise today increasingly. $EUR/USD$ $S&P 500$ $Nasdaq 100$
Ilyas Khan Top1 Markets