nasdaq 🌊Greetings,
A mirror to my tableau painted for Bitcoin,
I surmise that the Nasdaq is engaged in the theatrical rendition of a cycle degree fourth wave.
Historically,
these fourth waves are prone to a tactical withdrawal into the realm of the prior degree wave four territory.
In this distinct instance, the territory in question lurks in close proximity to the abysmal pits of the pandemic nadir.
A bullish harbinger would manifest should the Nasdaq maintain an altitude above these pandemic depths for the duration of this bear market.
If such a trend is confirmed, i will dare to anticipate an audacious ascent to the lofty summit of $30,000 as we voyage through the decade towards the 2030 agi revolution.
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w4 - $8,100
w5 - $30,000
☿
NASDAQ 100 E-MINI FUTURES
NASDAQ On a strong Channel Up eyeing 14400.Nasdaq / US100 is rising following a rebound on the 4hour MA50.
The pattern is a Channel Up with the 4hour MA200 the medium term Support since March 16th.
This rally can complete a +13.40% rise if it follows the March 13th - April 4th bullish wave.
Buy on the spot and target 14400.
Previous chart:
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#3NVD Leveraged 3x Long with Nvidia Corporation StocksAll the World chipmakers are on the rush this night, due to Nvidia ( NASDAQ:NVDA ) Q1'23 Earnings Report.
LSE:3NVD is the Leverage Shares 3x Nvidia ETP Securities that seeks to track the iSTOXX Leveraged 3x Nvidia Index, which is designed to provide 3x the daily return of Nvidia stock, adjusted to reflect the fees and costs of maintaining a leveraged position in the stock.
It invests directly in the underlying NASDAQ:NVDA stock and uses margin (borrowing) to purchase additional shares of Nvidia.
For example, if Nvidia rises by 1% over a day, then the ETP will rise by 3%, excluding fees. However, if Nvidia falls by 1% over a day, then the ETP will fall by 3%, excluding fees.
Key Features
• Opportunity to magnify returns in one simple trade.
• Liquid. Trades like an equity on exchange, with multiple market makers (MMs).
• You cannot lose more than the amount invested, and an intraday rebalance mechanism is designed to cushion the largest intra-day falls.
• Simple to trade, no need for futures, no need to use margin accounts.
• Transparent structure with full ownership of the underlying assets, so credit risk effectively negated.
• Is independent and managed by industry experts.
Key Risks
• Investing in Short and Leveraged ETPs is only suitable for sophisticated traders who understand leverage, daily rebalancing and compounded daily returns.
• Investors can lose the full value of their initial investment (but not more).
• Losses are magnified due to the nature of leveraged returns. Therefore, Short and Leveraged ETPs are only suitable for investors willing to take a high level of risk.
• Daily compounding may result in returns which an investor may not expect if the investor has not fully understood how a Leverage Shares ETP works.
• Due to daily rebalancing and compounding, ETP returns measured over periods longer than one day may differ from the returns of the underlying stock multiplied by the leverage factor.
• Only use these ETPs if you can monitor your positions daily or during the day.
• Not an investment advise, so please see and read carefully the ‘Risks Factors’ section of the Prospectus for a more detailed discussion of the potential risks associated with an investment in this product.
Key TA Highlights
• 3NVD trades higher its weekly SMA(52), since middle of the May, 2023
• Technical picture indicates the possibility to further 100 per cent upside price action.
😀 SVB Crisis Is Over?! What S&P500 and VIX Are Talking AboutThe stock market just flashed the first sign that investors think the Silicon Valley Bank crisis is over.
👉 The CBOE Volatility Index VIX closed below the 20 level on Wednesday, for the first time since SVB - The Silicon Valley Bank collapsed.
That is basically could be a constructive sign and is certainly counter to the general gloom of investors post SVB-failure.
👉 The VIX term structure is also back into normal contango. This normalization of spread is often a sign investors see the worst of the crisis behind.
The lower chart illustrates 3-months futures spread between VXN2023 a July, 2023 VIX Futures contract and the nearest - VXJ2023 - April, 2023 VIX Futures contract, that is three months ahead of that, marking that the reddish days are over.
👉 S&P500 Technical picture indicates the breakdown of reversed Head and Shoulders Chart Pattern structure is happening.
SPX is above weekly SMA (200) as it got the support early on Q4'22. 52-weeks simple moving average is trying to hold on above, for the 12th year in a row.
👉 If investors expect an imminent financial crisis but one doesn't materialize, the change in sentiment will help drive stocks higher as investors unwind bearish positions and get more bullish .
All-in, with stocks higher over the past six months since the mid-October low, so further upside could be ahead. If stocks do not make a new low post this crisis, the bears could capitulate.
NASDAQ Extending its rise to 14350 1W MA100 turned into Support.Nasdaq (NDX) hit last Thursday our long-term target (see idea below) of the August 16 2022 Resistance and even though it took longer than anticipated, it finally filled that Gap:
The pattern that is directing the price action higher is a Rising Wedge and right now the price is very close to its top (Higher Highs trend-line). However coming off a 1D MACD Bullish Cross and more importantly having broken above the 1W MA100 (red trend-line) after more than a year, we expect an extension of this short-term bullish leg. Our target is slightly below the 0.618 Fibonacci retracement level from the November 2021 All Time High, at 14350.
Key condition for this is to hold the 1W MA100 as its long-term Support now. The 1D MA50 (blue trend-line) has been the short-term Support since January 20 (hasn't closed a 1D candle below it since then).
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NASDAQ Overbought RSI will start kicking in soon.Nasdaq hit all of our targets on this bullish leg and even crossed over the 13750 High of August 2022 (Resistance 1).
The MA50 (1d) is supporting the Channel Up and Rising Wedge patterns but the RSI (1d) is overbought above 70.00 for the 3rd straight day.
As the price is that close to the top of the Rising Wedge, overbought pressure may start kicking in soon.
Trading Plan:
1. Buy on tight SL on the current market price.
2. Sell at 14100.
Targets:
1. 14100 (top of Rising Wedge).
2. The MA50 (1d).
Tips:
1. The RSI (1d) has been on a Rising Support since September 30 2022. This indicates that every pull back is weaker and gets bought more easily, suggesting a strong long term bullish trend.
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Notes:
Past trading plan:
NASDAQ 100 E-mini Futures NASDAQ 100 E-mini FuturesCME_MINI:NQ1!
NASDAQ 100 E-mini Futures
When the Nasdaq market is described as being in a downward direction, it means that the overall trend of the market is experiencing a decline. This downward movement is typically reflected in the broad-based Nasdaq Composite Index, which tracks the performance of thousands of stocks listed on the exchange
TIP off... Just want to show an anomaly observed here... sort of a tip off on what is most likely to happen.
You see, I read Russell Napier's Anatomy of the Bear back in 2009 (not easy to get it as it is out of print!), and he describes TIP as one of the/a leading indicator ahead of the equity market.
Superimposed on the TIP daily chart is the SPY (blue line), NASDAQ (cyan line).
You can see that it does lead the SPY and NASDAQ.
However, there is a deviation from the pattern since two weeks ago. TIP has been falling hard, and the technical indicators are all bearish no doubt; but the SPY has been cranking upwards, furthermore so the NASDAQ.
So, here is the deal... either TIP rockets back up, or the equity markets dive down.
Which would it be, you think???
NQ1! 5/22 S/D LevelsNot trading this week too much but will try to post daily of my charts and ideas.
As I mentioned in my recent YT video Trasing Weekly Recap EP6, I am eyeing for some bearish retracements of last week before we kick off to end the month green at 14-15000. As for specific targets, I am going to keep them close or at the pivots reflected on the chart for longs and shorts.
Lots of news this weeks as well so staying clear from too much bias and staying more open minded.
NQ1! SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
The BB upper band is nearby so NQ1! is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 13511.25.
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Nasdaq is forming a Rising Wedge pattern!!!It seems that the Nasdaq is forming a Rising Wedge pattern near the 🔴 resistance zone($ 14,060-$ 13,610) 🔴.
I expect the Nasdaq to start falling after touching the upper line of the rising wedge pattern and the resistance zone. Nasdaq's falling target could be the next 🟢 support zone($ 12,470-$ 12,040) 🟢.
Nasdaq 100 Index Analyze (NDXUSD), Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position that you want to open).
Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post.
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NQ1! Set To Fall! SELL!
My dear followers ,
NQ1! looks like it will make a good move, and here are the details:
The asset is approaching an important pivot point 13841.75
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Target - 13601.25
My Stop Loss - 13977.50
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
NQ1! NAS100USD NASDAQ 2023 22 May WeekScenario1 breakout offered a fantastic week.
Hope you had joined in the ride. Target 13740 hit, and AR tested.
Possible Scenarios:
1) Continuation Long Strategy: Long on retracement. Price has to
come down on low volume
2) Breakout failure: If there is strong volume on down move,
it may signify a yet to be completed rotation, with more potential for
downside (zone 13740 - 10710)
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
15269 13740-13913
13350 12950
Price Volume Analysis:
Weekly: Ave vol up bar close off high = potential weakness
Daily: 19 May UT bar, ave vol= = potential weakness
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.