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NASDAQ 100 CFD

NASDAQ One last low is possible before new ATHNasdaq has been particularly week this month as yesterday's rejection saw the price back to the 1D MA50 (blue trend-line) again and near the December 03 low. We do remain inside a year-long Channel Up but the very structure of this pattern allows for one final Lower Low before making a bottom. As you see on the chart, every time NDX broke the last Low of the previous uptrend (bold black line), the price dropped either around -8.50% or -12.00%, while the RSI bottomed within the 35.000 - 30.000 Support Zone. Neither of that has happened yet and technically when either of those happens first, then that would be a good estimate for a bottom on Nasdaq. A -8.50% pull-back from the top would place the price at around 15,350 while a -12.00% at around 14,750. The latter however would mean a break below both the Channel Up and the Higher Lows trend-line that is holding since November 02 2020, while at the same time making a direct hit on the 1D MA200 (orange trend-line). Thus I consider it far less likely. For a long-term trader, even the fact that we are currently around the 1D MA50, translates into a good buy opportunity. Our Target on a 1.5 - 2.0 months horizon is 17600 which is slightly below the 1.786 Fibonacci extension, a standard target for NDX after such a bottom. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
8
Bonds Vs BTC and Equities What does everyone think about this? This is the conclusion forecast of all the previous ideas I've been working up to I don't see many people talking about the bigger picture of what is actually happening with Smart Money VS Retail TNX and BTC show the correlation TLT and the NDX show a similar but opposite correlation Bonds lead then Risk assets follow accordingly Wouldnt this make sense fundamentally? BTC Is a hedge against inflation so it copies the 10-year bond outpacing inflation Equities especially growth stocks are not a hedge to inflation so they have an opposite correlation to what interest rates are doing I think something big is going to happen and a lot of people will get shaken out. You can see the big fear narratives all stacking up before the new year! The whales have been trick or treating this holiday season and I think this X mas rally was a big trick for all the retail shrimp to get caught in the feasting season.
by AxeCapp
NDXNasdaq looks like it still has the ABC down happening, the SP500 looks like it want's to push higher, while the nasadq looks like a H&S pattern can play out dropping tech stocks to 14,000 to finish wave C. I really don't like the mixed indices. When DJIA was pointing down for wave 4 but SP500 & NASDAQ were pointing up the truth was revealed that the dow jones w4 bears had the power to correct all markets. So we need to watch closely. The Evergrand news seems to be priced in though, so let's see if the bulls can NUKE the head & shoulders pattern and break out above ATH. I would add the a big crash to 14k would likely be the gas needed to pump NDX over ATH(just a thought)
TVC:NDQLong
by Big_Mike716
6
NASDAQ may break even higher than its Channel UpAs mentioned on my previous analysis, the Lower High divergence on the 1D RSI was the signal that Nasdaq would pull-back. The small technical correction eventually ended at around -7% from the top, exactly on the 1D MA50 (blue trend-line). As I've mentioned before, this is generally considered a solid first buy entry. The current chart shows that after a similar correction (8 to 8.50% roughly), NDX always starts a 2 month rise towards the 1.786 Fibonacci extension. The point of bullish break-out is typically when the 1D MACD forms a Bullish Cross, which is currently close to happening. Previously that has coincided with the break above the internal Lower Highs trend-line. The 1.786 Fib extension is currently a little over 17700. If that takes place within the next 2 months, we may see the dominant 9-month Channel Up break upwards and transcend into the Diverging Channel Up displayed in orange. Regardless of that, our next two long-term targets are 17000 and 17600. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
4
NASDAQ 100 Forecast: Index Bounces From 50 Day EMAThe NASDAQ 100 fell during trading initially on Thursday, only to turn around and show signs of strength again. The resulting candlestick was a bit of a hammer, sitting right on top of the 50 day EMA as well as the uptrend line. The 15,800 level seems to be of interest, and of course we have been a bit oversold over the last couple of days. However, the most important thing to pay attention to is the fact that the Friday session is of course going to be a major session, due to the fact that the Non-Farm Payroll numbers are coming out. The uptrend line of course has to be paid close attention to, so if we were to break down below it, it is possible that the market could go down to the 15,500 level. That being said, I still think there are plenty of buyers out there that will pick this market. That being said, I think that the value hunters will continue to come back into this market, due to the fact that it is the end of the year, and a lot of people are out there chasing returns to show their clients. To the upside, I believe that the 16,400 level is an area that I think a lot of people would have to pay close attention to, as it had previously been resistive. The market is likely to continue seeing that as an area of resistance but given enough time I fully believe that the market breaks out and goes higher. At that point, the market will more than likely go to all-time highs and beyond. I think that every time we dip there will be plenty of people willing to take advantage of value, as the NASDAQ is in such a strong uptrend. The last couple of days have been a bit of an overreaction to the latest coronavirus care, so that being said it is likely that we have a bit of a significant correction as word gets out that the omicron version of coronavirus is not as bad as previously thought. If that is going to be the case, then I think stock markets have much further to go to the upside over the next several days. Keep in mind that Friday is the jobs number, so the volatility will be a real threat.
OANDA:NAS100USDLong
by SmoothJB
NQ1! NAS100USD NASDAQ 2021 DEC 06 NAS100 USD NQ1! NASDAQ 2021 DEC 06 Very good week for shorts. Trades remain guided by trend channel. There is temporary demand, so market may experience pullback. Weekly= Very high volume down bar closing off low = demand present. Daily: High Ultrawide volume very wide spread down closing off low = Demand is present H4: Ultra High Volume down bar followed by high volume up bar closing off high. Supply still present, 17071 16695 16417 16125 15871 15446 15538 15000 14585 Short on Test and Reject | Long on Test and Accept Remember to Like and Follow if you find this useful. Have a profitable trading week ahead. NQ1!
CME_MINI:NQ1!
by paradox677
A comparison between S&P500 Nasdaq 100 and ARKK..!The CEO of ark Invest repeatedly talked about the possibility of a crash in Index funds while denying Her Managed ETF is one of the worst performers in the market since February 2021! In February I publish this: Please review her performance in 2008, to know more about her performance in a possible Bearish market! Orange line: S&P500 Blueline: NASDAQ100 Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
AMEX:ARKKShort
by Moshkelgosha
1
NASDAQ resisting the selling pressure. Well supported for now.This is an update on my previous Nasdaq analysis where I called for potential further rise within a narrower Channel Up at the top of the longer-term Channel before a new technical correction comes: So far this view has been confirmed as the Support of the previous Low (bold black line) is holding. See the similarities between now and the mid July - August Channel Up. The RSI sequences are almost the same following an identical RSI bearish divergence on Lower Highs. That should ultimately lead to a blow-off top around 17000. If the small Channel Up breaks downwards and cracks the previous Low, I expect NDX to seek the 1D MA50 (blue trend-line) and if that doesn't hold either, possibly make a Low on the bottom of the 9-month Channel Up or even the Diverging Higher Lows trend-line. Trade accordingly and with caution as Friday's Nonfarm Payrolls report is very likely to shape the fundamental landscape of this month with regards to the Fed's taper program. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
3
NQ1! NAS100USD 2021 NOV 29 WEEK NQ1! NAS100USD 2021 NOV 29 WEEK Short preference on NAS last week was good. Market tested previous support area, will this hold? Meanwhile will use the channel to guide entries. Weekly: Average volume down bar closing off low = some demand. However the low of the previous bar has been taken out, chart may be saying it is bearish reversal. compared to the up bar before it yet spread is narrrower than it = Weakness expected Daily: Average volume down bar closing off low = soem demand H4: UHV wide spread down bar closing off low = some demand 16236 need to hold for uptrend to be intact. 17070 16695 16490 16303 16006 15896 15717 15503 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NASDAQ The level that has to holdNasdaq is ahead of critical crossroads as the Lower Highs on the RSI on the 1D time-frames show a bearish divergence against the Higher Highs of the actual price. When the 1D RSI formed this sequence in the past, the index dropped at least -8% but only if the previous Low broke (black support). In mid July the Low held and Nasdaq continued on a small Channel Up towards one last Higher High before eventually correcting -8%. As a result, I expect a Higher High as long as the previous low holds. If broken then a bottom on the Diverging Higher Lows trend-line is possible. In either case the next bullish target is 17000. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
3
NQ1! NAS100USD 2021 NOV 22 WEEK NQ1! NAS100USD 2021 NOV 22 WEEK Pullback to long again last week worked well for NAS. At the moment chart indicates overbought. Preference is to short on weakness given the below wekaness indications. Weekly: Average volume up bar closing off high. A little more effort compared to the up bar before it yet spread is narrrower than it = Weakness expected Daily: Average volume up bar closing near middle = weakness H4: After ultra high volume bar A, market went up on narrow spreads, together with B being a UHV bar on narrow spread indicates professional selling = Weakness expected 16236 need to hold for uptrend to be intact. 17070 16695 16490 16303 16006 15896 15717 15503 Remember to like and follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677