nasdaq updateIt's just x wave , don't enjoy it very much :-)
Another uptrend for 5th of terminal c and it will go down for new low
Ndxshort
Short Squeeze is over in price scaleIt seems the condition of market is peculiar. Invert of yield curve and data from CALL/PUT ratio signal bearish state to the market. furthermore Technically it was the first leg of downtrend. There will be time squeeze for positions to bring back balance to the market.
nasdaq update It's ready to down,
Nd100
Sell @ 12150 and 12200
Tp 1 : 11800
Tp 2: 11700
Tp 3: 11500
Tp 4 :11300
Tp 5 : 10800
SL : 12350
Last month of nasdaq correction in July The triangle that I included in the previous analysis (contraction triangle) was replaced by a neutral reverse triangle, which was more logical because the post-pattern movement of a contraction triangle should have been a sharp drop, which is really unlikely to happen here. This neutral triangle is weaker and is more suitable for forming the last branch of the correction.
NDX 100 WARNING: ABC wave C may reach 10500 or even 9500Since last week I have been warning that there will be a short oversold rally after FED testimonies in Congress & Senate but the worst is not yet over despite retailers rushing to buy the dip & exchanges trying very hard to keep BTC above the impt 20k in order to prevent mass selling.
NDX Nasdaq 100 has been making a downchannel since it turned down after completing wave B @15265. The most probable support is at 10500, which is a 36% crash from ATH. 10500 (double my yellow box) is also a confluence of the 0.618 retracement from pandemic low to ATH & the weekly wma200 level. If 10500 fails then the pre-pandemic top @9500 will be the maximum pain, which is a 42% drop from ATH of 16764.
After ABC ends, the target levels for take profit will be 12k & 13k respectively indicated by blue arrows.
Not trading advice
Nasdaq100
The Nasdaq100 NASDAQ:NDX couldn’t hold above the support levels mentioned in our last report at 11376 points and opened the week with a gap below the significant 50%Fib. Level to open at 11472 points signaling that the bears are controlling the market backed by the bad news of the economy, then bears confirmed their control after the FED rate hike of 0.75 % last Wednesday to raise the interest rate to 1.75% and that will be reflected and affecting the earning results of the companies next month, breaking the 200EMA this week and closing below this level at 11265 points is the first confirmation of beginning a bear market on the medium term and may be the beginning of a downtrend on longer term.
The NASDAQ:NDX may witness a rebound to test the level of 11376 again and failing to penetrate this level or forming a lower high before even testing this level will be the second bearish signal for the index and that will lead the NASDAQ:NDX to more losses and we may witness panic selloff sessions, especially if the NASDAQ:NDX break the 10600 points level which is the most important and significant level on the medium term.
Investors with long positions are advised to use a disciplined risk management tools and activate the stop loss with all trades firmly
Investors with short positions are advised to use just 30% of their cash and use the trailing stop and the protective stop strategy
NASDAQ:NDX TVC:NDQ NASDAQ:QQQ NASDAQ:TQQQ AMEX:PSQ NASDAQ:SQQQ AMEX:SPY SP:SPX AMEX:SPXS TVC:DJI AMEX:SPY AMEX:DIA AMEX:DXD AMEX:DOG NASDAQ:IXIC
Combining 1D & 2D MACD Cross to find reliable positionsDASHED LINES:
When the 12 EMA crosses above the 26 EMA on the 1D MACD we get a reliable signal that the price will rise (will be higher by the next alert).
SOLID LINES:
When the same occurs on the 2D MACD we get confirmation.
And vice versa when the 12 EMAs cross below the 26 EMAs, the price will fall (will be lower by the next alert).
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As you can see, this has proven to be consistently reliable, with only one failed signal going as far back as the chart shows.
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To trade conservatively, close any short or long positions when alerted by the 1D MACD.
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The current open position is short as per the solid Red Line yesterday.
Going off the pattern length, candles should at least remain red for the next six days on the 3D.
Disclaimer: Don’t take my advice.
This chart was made as auxiliary support for BTCUSD falling.
Has BTCUSD Already Told Us How Nasdaq Will Move? With similar double bottoms along the 200MA in both cases
A raging bull run in both cases (~580%) however BTC's rise was a lot more rapid.
As BTCUSD finishes its second top formation the NDX enters its second.
This could be interpreted as BTC being "ahead" of the Nasdaq.
NDX JPMorgan: economic hurricane coming our way!Jamie Dimon, the JPMorgan Chase CEO:
"Right now it's kind of sunny, things are doing fine. Everyone thinks the Fed can handle this." "That hurricane is right out there down the road coming our way." "We just don't know if it's a minor one or Superstorm Sandy. You better brace yourself."
Jamie Dimon is predicting an economic "hurricane" caused by rising inflation , interest rate hikes and the war in Ukraine.
I have 2 scenarios: the most optimistic is that NDX formed and inverse head and shoulders chart pattern and it will close the year at the same level that it started it, around $16650.
And the worst case scenario is if Jamie Diamon is right and we are going lower after this bounce to the resistance.
In this case, the first strong support is $9750.
I see that it go lower only if oil stays higher than $140 - 150 for this year, then this is the strongest sign of a recession or if China invades Taiwan.
Looking forward to read your opinion about it.
NDX_US100_H4 Bearish Chyper Pattern FormationNDX_US100_H4 Bearish Chyper Pattern Formation Possible revesal and hit target, if you like my idea follow me thank you
Nas100 is facing strong resistanceIn my previous Nas100 analysis I said that the index can rise and test important 13k zone resistance.
On Monday Nas100 reached that zone and yesterday it started to drop.
The trend for this index is still strongly bearish and I expect a new leg down as long as 13k is intact.
Sell rallies towards that zone can be a good strategy and bears can target the previous low for their short trades
NDX Collapse ScenarioUsing Fib circles to plot how price falls
Both corrections are around -80%
A fall like this allows for a third touch on the up channel that is apparent
Bars pattern placed (red) is just my thoughts of how price could act if this scenario occurs
Nas100- Where to sell?There have been 3 very bad days for Nas100 and indices across the Globe with, in the Nas100 case, a drop of around 1000 points and a significant break under 13k important support.
Now the index is in a normal rebound and this can offer bears a good opportunity to sell at higher prices.
In my opinion, the sell zone is between 12750 and 13k and only above 13.300 would put a pause in this bearish scenario.
US100 W1 8-5-22: 1Y RANGE BROKEN LOWER.
US100 W1 8-5-22: 1Y RANGE BROKEN LOWER
- Fundamentally war, sanctions, inflation will impact stocks negatively
- Policy-wise US rate-hikes will impact stocks negatively
- Seasonally Indices are supposed to be weak
The Great Reset of 2022In the light of a recession with the GDP seeing negative growth in Q1 and a tighter monetary policy from Fed as well as rate hikes from Fed does the high profile growth stocks see a slow down.
The main buyer of these high profile growth stocks is NASDAQ where many of these stocks see a bearish market (e.g. Meta Platforms, Zoom and Netflix) as investors go from high profile growth stocks to safer investments such as commodities and real estate in fear of a recession.
Also consumer spending is lower than before as consumers does not buy multiple streaming services, delivery services or technology in general but instead safe money and keep e.g. dollar instead of stocks and cryptocurrencies.
This negative consumer spending causes these high profile growth stocks to see a slow down in growth as their balance sheets are negative.
NASDAQ may see correction towards the green part of the green cloud but after that a more drastic drop off as the price crossed underneath the green cloud.
To support this claim does the EMA and the RSI are both showing this correction is likely to happen.
In tune with inversion of the yield curve may the NASDAQ see negative movements like it did during the last times this happened in: 2001 and 2007 right before the Dot com bubble and the Great Recession respectively.
Nasdaq Possible FormationHere we see the formation of an imperfect plate with a minimum target of 138.2% of the B wave and a maximum target of more than 161.8 B wave, which will actually be a drawn flat C.
Since the flat C is most likely part of a triangle, we have to wait for the formation of the next components of a triangle. Due to economic conditions, we can not expect the formation of strong contraction triangles. Of the 18 types of triangles available, reverse triangles can be Contraction and reverse expansion thought. One of the most pessimistic scenarios is drawn in the figure, in which case we will not see a new ceiling in the market. In the case of forming a neutral contraction reverse triangle, the previous or slightly higher ceiling will eventually be formed.
NASDAQ100 FALL AGAIN HOW TO TRADE NOWhello friends welcome please hit the like button and subscribe to my channel to get everyday free stock idea and market view with price action
NASDAQ-100 breaking the 14,000. Growth Stalking.We’ve been heavily focused on the NASDAQ-100 (aka NDX and QQQ) as the 200 day moving average continued to dominate price action - despite pundits on television speaking that venom on how “growth and tech were recessionary resistant!” It is amazing what these people can get away with on television and how their words are held tightly by many bystanders looking for direction.
We’ve been calling for economic weakness on our Facebook page surrounding the balance sheet (before it was a hot topic in the news), M2 Money Flow, Housing, etc. Feel free to check it out -> just click the link at the bottom or go to my profit page.
Back to the Futures…. We’ve been eyeballing the lows of March 15th as a potential target. Now that is not to say we can have a few days of upward impulse movement, or the Inflation figures coming out tomorrow are somehow seen as weaker than expected and the markets get a ‘relief rally’ back above the 50 day moving averages. Stay cautious of any intraday changes for short term opportunities.
Keep track of the levels through annotations on your charts and please feel free to check out some of our videos. Follow me on TradingView for any new and updated posts and to any videos in the external links below (or in my profile).
Bearish sentiment continues until there is a change in complexion. Remember if we have a bullish day that doesn't change the bigger picture. Patience and Discipline to live to trade tomorrow.
GOOD LUCK Everyone and THANK YOU for your time in reviewing this post, my others posts, etc.
AGAIN... Keep a mental note of those levels; especially if there is a bullish relief that may catch many off guard and keep in mind the holistic view is bearish. But, that doesn't mean you won't have opportunities in the short term in either direction, regardless of the overall major sentiment and trend.
US100 - Possible Shorts For Next Week.The 15K-15250K level has brought some demand on the last days of the previous trading week.
Price action seems to be mirroring a recent move, which is circled on the chart.
I am anticipating a minor pullback before we see further downside to the 14000K level , possibly a bit lower.
**THS IS NOT FINANCIAL ADVICE**
CAPITALCOM:US100
NASDAQ:NDX
NDX Nasdaq double bottom ?NDX Nasdaq100 is looking bearish for now.
I think we might see a double bottom before closing higher this year.
Looking forward to read your opinion about it.
NAS SHORT HIGHER TIMEFRAMENot to be an alarmist or anything. But the nasdaq is looking weak in the knees right now. We needed to break that high to switch bullish. The market rejected it pretty harshly. You couldn't pay me to long NAS until we get a new high or SIGNIFICANT retracements to discount prices succeeded by 1hr shifts in orderflow and bullish structure.
NDX W-Shaped RecoveryI think we might see the end of the war soon.
Russia says the first phase of its “military operation” in Ukraine is mostly complete.
I am considering a W-Shaped Recovery on NDX and a price target of $15670.
Looking forward to read your opinion about it.
