Another sell opportunity on Nasdaq100 after breaking below 15575Hello Traders, if you been following my previous analysis, you probably caught the sell opportunity on Nasdaq100 at the highest point. We are still holding our sell orders hoping it will continue to go down. We witnessed quite some number of whipsaws during the New York session opening today and yes we should expect this in a market that is known to be very volatile. My bias on Nasdaq100 is still bearish, still holding the previous sell orders that were taken at high price. Right now, Nasdaq100 is correcting itself and looks to me that it will continue to drop down after the bearish correction has been completed and violated to the downside. I will keep monitoring further developments, hoping to take another sell order if price breaks below 15575.The next target will be 15465, but remember this is a long term analysis, Nasdaq100 will continue to move to the downside to meet the support of the rising channel on HTM. Remember to lock positions when the opportunity is granted.
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Happy trading!
Nq100
Nasdaq: Please, Come Back! 🤒🤒🤒The latest decline should only be of temporary nature. We stick to our prediction that the Nasdaq will increase again soon. In total, we expect the course to rise to regions around 15941 points. There, a correction should pull the course below 15517 points.
Don’t panic!
NAS100USD NQ1! NASDAQ 2021 Aug 30 WeekNQ1!
NAS100USD NQ1! NASDAQ 2021 Aug 30 Week
Last week bullish absorption and price made new high.
Concern:
- H4 UHV ultra wide spread bar looks like buying climax,
- Very high bearish volume has appeared since the uptrend from 19 Aug,
keep stops tight if long
- shortening of thrust
Weekly = High volume up bar close on high = strength
Daily = High volume up bar close on high = strength
H4 = Ultra high volume ultra wide spread up bar followed by tiny spread
up bar closing on low = weakness
Strategy for Short: (Test and reject):
Strategy for Long (Test and accept):
Entry will be base off price reaction to these levels:
- 15434
- 15377
- 15314
- 15138
- 14999
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Have a profitable trading week.
NAS100USD NQ1! NASDAQ 2021 Aug 23 WeekNQ1!
OANDA:NAS100USD
NAS100USD NQ1! NASDAQ 2021 Aug 23 Week
Weekly = Wide Spread High Volume Up bar close near high = Strength,
but concern on diminishing bearish volume
Daily = Wide Spread High Volume Up bar = Strength
H4 = Price advanced on lower volume, narrowing spread = weakness
Strategy for Short: (Test and reject):
- 15172
- 15139
- 15095
Strategy for Long (Test and accept):
- 14987
- 14897
- 14800
- 14710 - 14733
Like and follow if you find this useful.
Have a profitable trading week.
NAS100USD NQ1! Nasdaq 2021 Aug 16 WeekNQ1!
NQ1! Nasdaq 2021 Aug 09 Week
Last week's short from Red zone was good.
Test for supply at 14946 was successful.
Concern: Market approached resistance & demand line on narrow spread,
background was effort no result.
Monthly: Narrowing spread, SOT, Tiny Very Low Volume Bar = Weakness
Weekly: Narrowing Spread, Effort no Result = Weakness
Daily: Narrowing Spread
H4: Narrowing Spread, Effort No Result
Strategy for Short (Test and reject):
1) Upthrust followed by weakness back into 15134 - 15172
2) Resisted by Daily Channel Demand Line
Strategy for Long (Test and support):
1) Green zone
2) 14946
3) Daily Channel Demand Line becomes support
4) Bullish Absorption, Red zone becomes support
Remember to like and follow if you find this useful :)
Have a profitable trading week ahead.
Nasdaq: Let’s Do This! 👻 👻 👻 Although the Nasdaq has been quiet lately, there is still much potential for another run! We expect the course to move further up and reach the zone around 15644 points, where a larger correction should await us. 14849 points are the mark under which the Nasdaq should not fall now.
Happy trading!
NQ1! Nasdaq 2021 Aug 09 Week
NQ1!
NQ1! Nasdaq 2021 Aug 09 Week
Market initially resisted at Bar 1's high. Later an upthrust is formed as market advanced on declining volume.
Market still in uptrend while building its cause.
Monthly: Narrowing spread = weakness (takes time to unfold_
Weekly: Narrowing spread, Effort no Result = Weakness. (Wait for weakness in LTF to flow through to Weekly)
Daily: Reduced volume on up bars, No demand
H4: Shakeout followed by No Supply, however close is below shakeout bar. Need to wait for
confirmation of strength.
Strategy for Short:
1) Upthrust followed by weakness. If 15134 - 15172 is tested and resisted = short
2) if 15059 is breached and becomes resistance
Strategy for Long:
1) Green zone or 14850 if supported there
2) If supported at demand line of channel
Remember to like and follow if you find this useful :) Have a profitable trading week ahead.
USTECH100 HUGE RSI Divergence on Weekly chartHello,
We have a huge rsi divergence on weekly timeframe for WHSELFINVEST:USTECH100CFD that probably indicates us a retest of the support zone at the 14085 level.
The pattern that is configured is W with retest of the neckline, a healthy movement of correction that could subsequently lead to higher levels.
The operations that can be followed are 2 :
Short with take profit in 14085 area or wait for the market to retrace on the highlighted level to enter long in view of 15 K .
Be careful next 2 weeks is earning season for most tech companies.
Not a fianancial Advise.
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NAS100USD 2021 JUL 19 WEEK
OANDA:NAS100USD
NAS100USD 2021 JUL 19 WEEK
Long on dip worked well, followed by triple top rejection and market moved mightily to
reach intermediate support 14683 last week.
Let's see next week if bearish momentum follows through next week.
Weekly: Hidden upthrust = Weakness
Daily = Bearish
H4 = Bearish
Strategy:
1) Short on retractment
2) Critical support 14556 if broken, we may see more downside.
3) If 14556 was broken and price returns to green zone, we can look for long opportunity
Remember to like and follow if you find this useful.
Have a profitable week ahead.
Nasdaq [7-14-21] - Updated Possible Correction Coming?.... Nasdaq rose a bit higher to the 15000 level and showed weakness. Nice looking RSI Divergence at the new ATH. This may possibly be the correction down starting today.
NASDAQ Ripe for CorrectionMaybe not before big tech earnings, but this is a September 2020 playbook in the making. Expecting a blow-off top anywhere between 15,000 to 15,500 but will not trade against this monster unless clear signs of reversal are forming on hourly timeframes.
Current price action, RSI's and volume indicators certainly warn of overheating territories yet we can and we still will grind a few notches higher. Infact 15k is likely as soon as today itself.
NASDAQ [US100] - Possible Correction at the ATH (BEARISH)Nasdaq has been running up very strong recently. We are getting a Double Top look at the new ATH. Possible correction this week.
Technical analysis update: NQ1! (14th June 2021)NQ1! reached 14000 points and our previous medium term price target. Technicals remain bullish. Therefore we would like to update our medium term price target to 14200 points.
Previous developements from 2nd June 2021:
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Technical analysis update: NQ1! (2nd June 2021)Recently some of our readers requested analysis of indices. Because of that we prepared simple and concise analysis of continuous futures contract NQ1!. Technicals such as MACD, RSI and Stochastics are all bullish. However, resistance sits at 13900.50 points and current trend is very weak which is reflected in low ADX value. Though, we think there is still strong upside potential for NQ1! until the end of 2021. In addition to that we think that breakout above support level is very likely and that it will further bolster bullish case for NQ1!. Because of that we would like to update our medium term price target for NQ1! to 14000 points.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
#NASDAQ NQ100 showing plenty of divergenceThe weekly chart of the Nasdaq 100 is representing classical bearish divergence (Higher highs in price not being confirmed by lower highs in the RSI indicator). This is telling me that momentum is slowing and we could expect a rapid decline in price at any moment. As this is a weekly chart, it can take some time but this is just a warning and I would strongly advise against chasing the Tech stocks while the divergence situation is evidently president.