NASDAQ Technical buy on this 1D MA50 bounce.Nasdaq (NDX) has been trading within a Channel Up pattern since the September 06 Low and potentially has started the new Bullish Leg as on Friday it hit the 1D MA50 (red trend-line) and rebounded. The 1D MA50 has been holding since the September 12 bullish break-out.
Still, there is no confirmation yet, as the price remains below the 4H MA50 (blue trend-line). As you can see on this chart, every time the index broke above its 4H MA50, it never broke again until the next Higher High of the Channel Up, technically confirming the new Bullish Leg.
With the 4H RSI rebounding also from oversold (<30.00) territory, there are higher probabilities of this being the new Bullish Leg. If the confirmation comes, we expect at least another +9.08% rise from Friday's Low (which was the % rise of the previous Bullish Leg) to target 22500.
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NASDAQ 100 E-MINI FUTURES
Daily Nasdaq Insights – December 22, 2024Hello, this is Greedy All-Day.
Before the Nasdaq's movements beginning on December 23rd, let’s dive into a weekend analysis to prepare for the upcoming market conditions.
Weekly Chart Analysis
The weekly Nasdaq chart presents a rare occurrence—a bearish candlestick after a significant upward trend. Interestingly, the length of both the upper and lower wicks is quite balanced, resulting in a large Doji-like candlestick. However, a Doji candlestick doesn’t necessarily signal a trend reversal to the downside.
Why?
The Ichimoku Cloud's Lagging Span remains above the candlesticks. Unless we see significant bearish momentum, the Lagging Span is likely to find support from the candlesticks below.
The price is still holding above the 20-week moving average, which currently sits at 20,503.
A bearish move into the Ichimoku Cloud would require the price to drop further to 19,383 to fully enter the cloud zone.
In conclusion, the weekly chart suggests that the uptrend is still intact. Despite closing the week with a bearish candle, it followed a recent all-time high. This could indicate a temporary pause rather than a definitive reversal, keeping the potential for further upward movement on the table.
Daily Chart Analysis
Examining the daily chart, the Lagging Span still remains above the candlesticks, reinforcing that a trend reversal is not yet confirmed.
Additionally, the long-term upward trendline remains intact. For a decisive breakdown to occur:
The price would need to break below the thick Ichimoku Cloud (zone between 20,775 and 19,880).
A definitive trendline breach would likely occur if the price falls below 19,560, which would signal a clear shift in momentum.
At this stage, the daily chart reflects resilience within the broader uptrend despite recent pullbacks.
1-Hour Chart Analysis
The 1-hour chart reveals why Nasdaq's current direction is ambiguous.
Resistance Zone (Orange Box): This is the final key resistance trendline. A breakout above this level would provide a clear buy signal, as the price would enter the red box supply zone.
If this resistance is overcome, Nasdaq has a high probability of testing the red box’s upper boundary near 22,432, potentially forming a double top or even reaching a new all-time high.
Friday's session did see a rebound, but:
While the yellow box resistance was broken, the price failed to hold support near the session close, which casts doubt on the strength of the rebound.
To confirm further upside momentum, the price needs to break above the blue box resistance near 21,935.
Without reclaiming this level, the strong bearish candlestick from Friday’s session raises skepticism about whether this was a genuine reversal or merely a temporary relief rally.
Final Thoughts
Historically, markets have often rallied during the holiday season, but this year appears to present more complex conditions. Instead of trying to predict the market, focus on reacting to key levels and signals.
I will continue to provide detailed and actionable analysis to assist you in navigating these challenging markets. Stay prepared and trade wisely!
NQ Weekly and Longer term Bias (We were fire last week, check)hey guys just my weekly chart and levels going into the week. everyone expecting a santa rally, not so positive... i could see it mooning from here, don't get me wrong. im much more bullish this week than last now that we got some sort of correction (check last weeks analysis for real, read the chart and play the thing for the week, we cooked, hope you all did too, all 3).
anyway a lot on there, i think it's downward, people buying the wrong dip in my opinion, much more liquidation to come.
good luck
Intraday Levels for Nasdaq 100 Futures - 12/20/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Intraday Levels for Nasdaq 100 Futures - 12/19/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
NASDAQ: Bullish until March 2025.Nasdaq is overbought on the 1D timeframe (RSI = 72.532, MACD = 396.420, ADX = 56.355) and is about to do the same on the 1W as well (RSI = 69.424). This is because the Bull Cycle is on full extent. However, in anticipation of Q1 2025, we are entering the final phase of the Cycle. This is a Top sequence that we've seen three time before in the last 10 years. The early signal for this is when the 3W RSI forms overbought (RSI > 70.000) LH. Each time that happened, the index had a sharp drop to at least the 3W MA50. TP = 19,000 could be an early target.
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Intraday Levels for Nasdaq 100 Futures - 12/17/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
NQ Nasdaq 100 Trade IdeaNQ is currently hovering in midstream and waiting it for it to show what it wants to do next i.e. whether it takes out the buyside or sellside liquidity, and I will be looking for an opportunity to trade in the opposing direction after the liquidity grab.
Generally, prefer for price to take out the Equal Lows below moving into a discount and then buy the price up take out the Previous Day High liquidity.
Intraday Levels for Nasdaq 100 Futures - 12/16/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
NASDAQ rally still has lots of upside before is tops.Nasdaq (NDX) is technically respecting the 2-year Channel Up that it's been trading in since the December 26 2022 market bottom. Its most recent Higher Low was on the August 05 2024 1W candle, which initiated the Bullish Leg we're currently in.
As you see, the previous two Bullish Legs had one main pull-back/ correction sequence each and apart from that, the majority of the Leg was technically a straight uptrend. Given that the current Bullish Leg already had a strong pull-back early on (August 26 - September 02 1W candles), it may continue to rise up to its target without another correction, assuming the 1D MA100 (red trend-line) holds.
If however it has another pull-back similar to the previous Bullish Leg (March 04 - April 15 2024), then it should rise some more near the 0.236 Fibonacci level and then pull-back.
In any event, the current level is technically a solid long-term buy entry and since both previous Bullish Legs have been around +48%, we expect to see 25300 before the current one tops.
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Weekly Forex Forecast: Buy The S&P & NASDAQ. Wait On The DOW!This forecast is for the week of DEC 16 - 20th.
The SP500 & NAS100 are bullish and buys are the order for the week. The DOW Jones is weeker, sliding down as the USD climbs. Be careful here, as the DOW tends to travel it's own path at times.
FOMC is Wednesday. Stay vigilant and disciplined this week!
Check the comments section below for updates regarding this analysis throughout the week.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
I appreciate any feedback from my viewers!
Like and/or subscribe if you want more accurate analysis.
Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NQ1 Weekly Bias Dec. 15-20 with Levels of InterestYeah yeah yeah, I'm bearish I get it I am a horrible idiotic terrible person. Anyway here is a starter chart for shorter term levels on the way down if that indeed is the way we go for a retracement. I think end of the year cycling out of winners is inevitable especially in the over-valued nasdaq big boys. Also looking at last week, we rejected the upper 800s, which is not a good sign. Almost looked like "they" pushed it off Friday open to see if there was any retail left. Turning from cautious to bearish based on all macro evidence and other indicators. Not full blown panic mode yet, we could possibly put on another month or three of gains, but we are much much closer to the end than anyone is talking about.
Also food for thought, when it's in the news it's in the price. There's tons of euphoria in the markets at the moment, with everyone pointing and chattering about the "Santa Rally" wherever I turn. Always be cautious when everyone is talking and feeling the same way, just my advice. Risk reward and risk management is all of trading. Reward for buying another 10% against a risk of losing 40% doesn't seem like something I really want to jump head first into at record setting levels of overvaluations metrics everywhere.
Good Luck this week Bosses, any question as always feel free to reach out or ask in the comments.
NQ1! BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
We are now examining the NQ1! pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 21,219.75 level.
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Intraday Levels for Nasdaq 100 Futures - 12/13/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
Intraday Levels for Nasdaq 100 Futures - 12/12/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
12/11 NQ & YM Market AnalysisMarket Insight: Bears in Control, Detox in Progress
Today's market sentiment mirrors yesterday’s, with bears continuing to dominate. Traders should respect the bearish trend and prioritize short-selling strategies.
🔻 Bearish Strategy Insight:
The market needs to release recent pressure to achieve optimal "detox" effects. Only after a sufficient correction can the market stabilize, setting the stage for potential bullish attempts later.
🔺 Bullish Opportunity Watch:
While bears maintain control, conservative traders are advised to stay on the sidelines. If bearish momentum weakens after pressure release, bulls may seize the opportunity to challenge the life line levels. These levels will serve as critical resistance points for any upward attempts.
📌 Trading Suggestions:
Short-Term Bearish Bias: Follow the trend, avoid counter-trend trades.
Bullish Entry Timing: Wait for bearish momentum to fade before considering long positions cautiously.
⚠️ Disclaimer: This analysis is for reference only and not investment advice.
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NASDAQ: Buy near the 4H MA50.Nasdaq is bullish on its 1D technical outlook (RSI = 62.360, MACD = 259.490, ADX = 43.763) as it remains within the medium term Channel Up. The recent bearish wave is correcting the uptrend towards the 4H MA50, which if technically holds, should give way to the new bullish wave. The 4H RSI is headed towards its S1 Zone, which is the buying level so you can time the entries acccordingly. Our target is the 2.0 Fibonacci extension (TP = 22,000).
See how our prior idea has worked out:
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Intraday Levels for Nasdaq 100 Futures - 12/10/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower.
Considerations
The range used in this analysis serves only as a reference for broader-level insights.
For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately.
To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
12/10 NQ & YM Market Analysis: Bears in Control, Awaiting RebouAs expected, U.S. markets continued their decline yesterday, with both the Nasdaq (NQ) and Dow Jones (YM) indices retreating further. The bears have firmly taken the lead, pushing the market downward and releasing selling pressure.
📌 Key Price Levels (Chip Life Line):
Dow Jones (YM) Life Line: 44,511
Nasdaq (NQ) Life Line: 21,468
🔴 Market Outlook: Bears Lead, Watch for Rebound Signals
📉 Early Session: Bears Maintain Pressure
The bearish momentum from yesterday is expected to persist through the early session. Selling pressure may continue dominating, making early entries risky. It’s wise to stay patient and avoid premature buying.
📈 Late Session: Rebound Potential
If selling pressure eases, the market could stabilize and attempt a rebound later in the session. Watch for key price levels being tested or reclaimed near the life lines for signs of recovery.
⏳ Strategy Insight: Stay Patient, Wait for Signals
With bears holding the upper hand, let the market fully digest selling pressure. Focus on observing how the market interacts with critical levels, especially near the life lines, before considering entry opportunities.
📢 Action Plan:
Monitor closely for signs of market stabilization or reversal.
Stay cautious and avoid hasty entries until support levels are confirmed.
Watch for potential breakouts or retests of key life lines for better trading signals.
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