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Nasdaq (5/2/22) - BULLISH - Bullish rally coming this week?Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days. Crypto: For those crypto investors/traders, this also means that we are likely going to get a Bullish rally this week/next week. Bitcoin/Crypto has been following the Nasdaq quite closely since late last year. We can see there is a direct correlation between the two and I've been using the Nasdaq as an indicator for Bitcoin. Sidenote: We are in a BEAR market so far in 2022, so I do not believe that this rally will send us into new All-Time Highs in the stock market. I do believe we are going down much lower this year eventually. Every rally will likely end in a Bull trap and sell-off. The possibility of a continued sell-off here, even though the RSI is oversold, is always imminent as well. I would also not be totally shocked to see the market just continue down from here. However, these are my thoughts based on the current look. Will be watching and updating.
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CAPITALCOM:US100Long
by TraderFromTheNorth
55
Nasdaq: 6-week correction vs. 6 monthsFrom peak to trough, the CME_MINI:NQ1! -- Nasdaq Futures -- saw a 32% correction. We're at 29.9% right now. Back in 2020, it took just six weeks to flush the market down to some level of support & demand, which coincided with the 200-week moving average. For this correction, it took significantly longer -- six months and we don't necessarily have the return of demand...yet. Will it come at the 200-week again? It's at least one area to keep an eye on IMO.
CME_MINI:NQ1!
by bkenwell
Nasdaq100 what now episode 19 Nasdaq100 bulls were really every-where in this down-trend yesterday. I wonder-ed why. Until the news popped and I saw that the fundamentals turned out positive. However, They left signs: Bullish divergences on both the 4-hour and daily. The market started creating Higher-lows. Listen after yesterday, I realized that: you never really know anything. The market can just switch up on you. Anywhere I guess my waiting wasn't in vein cos' I stayed away from the madness still ongoing. The bulls are still guarding the 12800 and I can't help but wait and see if they can. In today's news, we've got GDP and Initial Jobless Claims by 1pm GMT +1. (set that).. Let's see if the zones marked (12950 and 13250) get broken today. If you love my ideas, It doesn't cost a thing to smash that like button and subscribe. I appreciate you all. Thank you! Love, Lazyluchi for Nasdaqgods
OANDA:NAS100USD
by lazyluchi
Nasdaq100 what now episode 16Look at the chart above.. Gibberish! That's all I see. Today has been the absolute worst in terms of structure. It's Funny how it's a clear down-trend on the 4-hour even the daily. But the bulls aren't giving it a rest. Break-outs with no retest. Both parties are in a tug-of-war. If you take a sell, you lose; if you take a buy, you lose. Listen! I feel like today's a deciding day though. The bears aren't giving up neither are the---bulls. The 4-hour time-frame however has a lower-lo hanging waiting to see if the might bulls can break the 13573 daily 23% fib level structure. What the actual hell is going on? The daily is really close to the 0% at 13079 but the bulls said, "No sir". The weekly however, has failed to break past previous lower-lows at 13,000. Every time-frame with own madness. Today has taught me numerous lessons. The most vital still remain these two: 1. Anything can happen and 2. No two market movements will be the same. Every market's movement is unique. I really don't know who will win today but.. If there's a break, I'll like to be on the winning side. Love, Lazyluchi for Nasdaqgods.
OANDA:NAS100USD
by lazyluchi
2
Nasdaq100 what now episode 15"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? ".. My Trading plan for last week. Did that go well? Yes sir! Listen—I feel like all my year and the half of trading Nasdaq100 “professionally” last week has been my best so far. There’s one thing I realized though, That is: Follow your plan. Look, you got a plan? follow that guy. Don’t change nun ‘in.. Just—follow! I noticed how much that sky-rocketed my performance. Honestly, Nasdaq100 this week, we might all just be going for a funeral. “Why?” You’re probably wondering, Well, did you see how it ended. The lady dropped like 3% from last week. Close to 2,ooo points or more. The Nasdaq100 is currently at 13319 (as I write this) and I don’t even think we’re done. You know that Inverse head and shoulder that showed up? Destroyed! The weekly time-frame presently is currently looking to get past the previous Lower-low at (13319) The next level—13,000 isn’t far-fetched. The daily 0% fib level at 13079: isn’t as well. The bears are really wilding. The CBOE NASDAQ100 VOLATILITY INDEX is real bullish now! Dude is almost at 37 points. Imagine going to 40, where do you think the Nasdaq will be? Look at this picture, tell me what you see: for me, A broken possible bullish structure. A double top with new lower-highs and a possible continuation to create a new lower-low. Screaming “BEARS”!!!.. Monday was all chill, I mean there wasn’t any news. Funny how we got a pin-bar on Monday on the daily time-frame. The bulls came in for a bit. No news release; No crazy movement. However, this all went left on Tuesday, April 19th, 2022. By 13:30, we got the Building Permits which turned out positive with a 1.873M reading. That brought the bulls in. We all thought: “Finally the bulls are back”. Uh! too soon. Wednesday, 20th April, 2022 appeared mixed after a negative Existing home sales with a 5.77M reading and a positive Crude oil inventories by 15:30 with a -8.02M reading. The daily left a rejection candle after that. Coincidence—Uh! maybe not. Furthermore the dreadful Thursday. I called it that because you seriously need to see it’s reaction. The bullish tables flipped. Them legs got broken, shattered into a million pieces. Even started getting termite holes and stuff. The bears came in growling after the negative Initial Jobless claims with a 184K reading by 13:30 as if that wasn’t enough, the Philadelphia Fed Manufacturing Index also turned out negative with a 17.6 reading. Less than 3-hours after came the Fed news. Twice! Look the market bled. Never seen in years. The Nasdaq100 screamed but I don’t even think any-one cared to listen. Shii! we all were trying to make some buck. On Friday, That was just a continuation. The bears continued and now looking to create another lower-low. What’s my plan? Same old. Weekly and Daily: Directions. I mean since we’re really bearish now, I might as well keeping looking for sells. As long as, we don’t pass the previous Lower-high at: 13700 (4-hour lower-high) I’m selling. So, I’ll be looking for new highs on the 4-hour. Then, I’ll be going to the 15 to look for entries. Let’s see how that goes. Don’t miss my streams though! Nasdaq100 High Impact News For 25th-29th Of April, 2022 You’re probably wondering, “what should we expect?” Don’t worry—I’ll tell you. This week, as usual, The Monday is free from demons. Tuesday however, This is where all the madness starts. The 26th April, 2022 by 13:30, We’ve got the Core Durable Goods Order. This measure the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. A higher reading indicates increased manufacturing which is bullish for the USD. Also same day; different time. By 15:00, we’ve got the New Home Sales. This measure the annualized number of new single family homes that were sold during the previous month. P.S: This particular repot tend to have more impact when it’s released ahead of existing home sales because the reports are tightly co-related. However, a higher reading is bullish for the USD. Same time, doesn’t end. Y’all be mindful of Tuesday then. We’ve got the CB Consumer’s Confidence. It measures the level of consumer’s confidence in economic activity. A higher reading=Higher consumer’s optimism which is also bullish for the USD. Wednesday April 27th, 2022. By 15:00, The Pending Home Sales. It measure the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new constructions. A higher than expected is bullish for the USD. Same day; different time. By 15:30, Crude Oil Inventories.😒(again?) Anyway this guy, we all know what he does. A higher reading is weak for the USD. Therefore, bearish. The level of inventories influences the price of petroleum products, which can have an impact on inflation. Finally, Dreadful Thursday. The 28th of April, 2022 by 13:30, we’ve got Initial Jobless Claims 🤦‍♀️(Y’all already know, I’ll just repeat) This measure the number of individuals who filed for unemployment insurance for the first time during the past-week. A higher reading than expected is bearish for the USD. Same time, The GDP—The gross domestic product, measure the annualized change on inflation-adjusted value of all goods and services produced by the economy. Listen, it is—this is the primary indicator of the economy’ health. If the actual is greater than the forecast, it will be Bullish for the USD. Be sure to read all, stay safe, and make that buck.
OANDA:NAS100USD
by lazyluchi
9
Nasdaq100 what now episode 14Nasdaq100 bears jumped right in after the negative outcome of yesterday news as well as, fed minute release. The Bears seem to have destroyed every plan of the bulls including the "inverse head and shoulder" Now more than ever, all signs and hands are pointing towards the direction of the bears. Hmm, Next stop for them might just be the weekly 0% fib level at 13319. Till then, Have a great and blessed weekend. Do me a huge favor: smash the like button, comment, and follow me. Love, Lazyluchi
OANDA:NAS100USD
by lazyluchi
2
Nasdaq100 What Now Episode 12It's 19th of April, 2022. We're currently in the 12th episode of this. Here's the vibe: Nasdaq100 weekly is starting to look bullish and honestly, not going to lie---that's really weird. Because, there're two sides to this coin. 1. Dt with a BRS formation. 2. DT with a MSS formation. So, in this video, I marked the candle to look out for and showed on different time frames. P>S: MAKE SURE TO WATCH THIS VIDEO TILL THE END TO CATCH THAT, HAHA! IF NOT, I"LL BLOCK YOU (just kidding) NO I"M NOT! Anyway, the VXN is looking to fill a gap not sure how fast that will happen but, We'll see.. Hey! don't miss my streams. I usually give out great trades (side-note) Do you like my idea? If yes, do me a huge favor and smash the like button, comment, and be sure to follow me to know when I post. Cheers, lazyluch
OANDA:NAS100USD
by lazyluchi
Nasdaq100 What Now Episode 11Who’s In The Nasdaq And What Are They Doing? Hey traders, so last week was really “Bearish with lot of annoying ranges”.. The major structure though, bearish. That didn’t stop the bulls from just messing around with “#ME!”. Pretty annoying.. Haha. Anyway, the plan was bearish until there was a reason to buy—that’s what I did. Although, Tuesday changed that plan. Before I dive into that, These were my exact words for last week—“.. since all levels are pointing downwards, even the relative strength index are all below 50%, I'll be taking more of sells till there's a change in the trend. If the Nasdaq100 gives us a higher-low instead of lower-low, then BUYS!!!..” The Nasdaq100 never gave is that Higher-low. Instead, the lady just kept falling like she fell off the Dubai’s Burj Khalifa’s Balcony. Rubbish!!! 😂😩 Anyway, back to Tuesday. The CPI (consumer’s price index). Dude! (In peter parker’s voice) This CPI ain’t a joke though. You know how I said the Bears came in—but the bulls didn’t stop fooling around. It’s this guy’s fault. The Bulls went wild after the “negative 0.3%” release of the Consumer’s Price Index. I started wondering, what is this? Negative news with a positive reaction. Little did I know that it was all a re-group. In less than minutes—The bears 🐻 got their Mojo back. “Mutha-heffas”.This fight went on for a while though. On Wednesday came the PPI although 1.4% positive, the bears didn’t stop fighting their way back. Wouldn’t blame them after that negative 9.382 million Crude Oil Inventories release news. Guess what! Mixed. That was the reaction of that one—we started going side-ways man. Then came Thursday’s News release: Retail sales with negative 0.5%, Core retail sales with positive 1.1%, and Finally, Initial Jobless claims with negative 185 thousand.. Hmm—that Jobless rate though. Gave the bears more strength in getting back. These guys took the market real low back to the 38% (13894) daily fib and even went past it. It seemed like the bulls finally got their strength but sorry they got attacked almost immediately.  This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one---my best bet is downwards. honestly, the weekly looks more confused as ever. There's a possibility that we might get a higher-low but until that's established, I'll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? The relative strength index is actually below 50% n all these time-frames and the fibs below the 50%. Till then, I'll be looking at that 13583 daily fib level. Now, the news.. Nasdaq100 High Impact News For 18th-22th Of April, 2022 On Monday 18th of April, 2022. There will be no high impact news for this guy. However, Tuesday the 19th, by 13:30 GMT---We've got "The Building Permits". The Building Permits measures the change in the number of new building permits issued by the government. Building permits are a key indicator of demand in the housing market. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Wednesday, 20th April,2022. By 15:00 GMT, The gist is Existing Home sales. A brief: Existing Home Sales measures the change in the annualized number of existing residential buildings that were sold during the previous month. This report helps to gauge the strength of the U.S. housing market and is a key indicator of overall economic strength. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Still Wednesday and the crude oil inventories holds by 15:30 GMT. A Brief: The Energy Information Administration's (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected. Further-more, Thursday the 21st of April, 2022. Around 13:30 GMT, My all time favorite (only because it's frequent) will take place. Here's a brief incase you forgot---Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Same day; same time is the Philadelphia Federal Reserve. The Philadelphia Federal Reserve Manufacturing Index rates the relative level of general business conditions in Philadelphia. A level above zero on the index indicates improving conditions; below indicates worsening conditions. The data is compiled from a survey of about 250 manufacturers in the Philadelphia Federal Reserve district. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Finally, same day but by 16:00 and 18:00 respectively. We'll be having a back-to-back FED meeting. Here's a brief---Federal Reserve Chair Jerome Powell (Feb. 2018 – Feb. 2022) is to speak. As head of the Fed, which controls short term interest rates, he has more influence over the U.S. dollar's value than any other person. Traders closely watch his speeches as they are often used to drop hints regarding future monetary policy. Do you like my idea? If yes, do me a huge favor and smash the like button, comment, and be sure to follow me to know when I post. Cheers, lazyluchi
OANDA:NAS100USD
by lazyluchi
5