NSXUSD
Nasdaq leads drop as hawkish Fed bets riseAlready on the ascendency, bond yields and the dollar both gained further ground which sent stocks plunging along with gold, copper and Bitcoin. The Nasdaq 100 was down more than 2% at one point earlier, before bouncing off its worst levels at the time of writing.
Ironically, sentiment has taken a hit thanks to the release of strong US economic data. The unexpected rise in the Fed’s favourite measure of inflation (Core PCE Price Index) we saw earlier in the day was matched by stronger personal spending and new home sales data, while the UoM’s consumer sentiment survey was revised higher.
Today’s data releases have been in line with the recent trend, all helping to fuel speculation that the Fed's terminal interest rate could be higher than expected.
Against this backdrop, investors are not keen to hold onto assets that pay low, or no interest or dividend compared to government debt.
The Nasdaq might stage a bit of a recovery from around its 200-day average, but it now faces lots of overhead resistance. The 12000 level is now the most important barrier that the bulls will want to reclaim and the bears defend. Previously support, it could turn into resistance moving forward.
Buying NASDAQ at previous swing low.NASDAQ - Intraday - We look to Buy at 12272 (stop at 12200)
Selling pressure from 12744 resulted in all the initial daily gains being overturned.
An overnight negative theme in Equities has led to a lower open this morning.
A Fibonacci confluence area is located at 12272.
Intraday signals are far from strong.
Dip buying offers good risk/reward.
Our profit targets will be 12448 and 12488
Resistance: 12362 / 12500 / 12744
Support: 12272 / 12200 / 11855
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Joe Gun2Head Trade - Sell off to continue on NASDAQ?Trade Idea: Selling NASDAQ
Reasoning: Sell off to continue on NASDAQ?
Entry Level: 12012
Take Profit Level: 11615
Stop Loss: 12144
Risk/Reward: 2.95:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - Selling NASDAQ into resistanceTrade Idea: Selling NASDAQ
Reasoning: Into huge resistance on the weekly chart
Entry Level: 12888
Take Profit Level: 12110
Stop Loss: 13192
Risk/Reward: 2.55:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - NASDAQ Stalling at huge levelTrade Idea: NASDAQ Stalling at huge level
Reasoning: NASDAQ has rallied into a huge level on the weekly chart
Entry Level: 12670
Take Profit Level: 12345
Stop Loss: 12784
Risk/Reward: 2.84:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Joe Gun2Head Trade - NASDAQ reversal?Trade Idea: Buy NASDAQ
Reasoning: Potentially in the early stages of forming a Head and Shoulders bottom.
Entry Level: 14110
Take Profit Level: 14426
Stop Loss: 13990
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis, as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
NXS/BTC is in a HUGE BULLISH FALLING WEDGE & now DeFi!NXS/BTC is in a HUGE BULLISH FALLING WEDGE & now DeFi!
Trade safe my friends.
BINANCE:NXSBTC
Nasdaq 100 facing a major drop?Hi everyone, I want to share my idea of what I believe is waiting for us regarding the Nasdaq 100 and most possibly the other indexes and global economy.
Now I'm not going to go into a discussion of the fundamentals and the these and that's cause that is entirely another topic for discussion. Anyone trading these markets has an idea of what is happening regarding interest rates, the U.S-China trade war, this and that and so on and so forth. I'm just going to briefly explain what I see in the charts and where we could expect markets to go in the short to medium term.
I see a lot of analysts calling for new highs on the S&P and other indexes based on earnings reports looking good and companies making a killing and overall fundamentals that look good. However, as any good trader will be able to tell you, yes fundamentals are important, but so are technicals and I feel a lot of analysts stare themselves blind to the fact that we are in a 10-year bull market and markets are overbought when looking at higher time frames like the weekly and monthly charts. Yes some of them acknowledge that we are in the "7th or 8th innings" and that a down move is possibly on the cards for 2019, 2020.
However, I believe we could possibly already be going down and have made our highs already and I will explain. When looking at the chart above we see a possible H&S pattern forming. We experienced a bounce upwards over the weekend of the G20 meeting(which many contribute to U.S-China talks over trade - which I believe is irrelevant as the charts indicated that it was poised for a bounce, regardless of the talks) thus forming the right shoulder of the pattern. Should we see a completion of the pattern and a price breakdown we could see price move lower towards the highs of 2016, perhaps even lower?
I say even lower as it is no secret that the global economy is staring a credit crisis in the face, which can be seen as the "bubble" after the housing crisis. I say "bubble" in inverted commas as people tend to react very defensively and sometimes hostile when you call something a bubble.
Bubble or not, we know something is happening due to the increased levels of volatility and legends like Ray Daglio and Paul Tudor Jones warn people of downside risk going forward.
Many thanks and as usual, comments and ideas are welcome, please keep it to positivity :)
The tail of two indexes_S&P 500_Nasdaq_Can we get long yet?Traders.
Side by side you'll see the daily chart of the two most liquid markets in the world. The S&P500 and the Nasdaq.
With these charts I'd like to say Thank You for those of you who helped me realize my true trading edge is with these indexes. My win/loss ratio has improved greatly and I'm able to handle my trading plan with discipline.
Its safe to say market conditions are pretty lackluster in both Indexes and USD, but nonetheless, the S&P 500 is what I've spent a majority of my life studying. S&P holds my best trading edge. So forgive me followers for giving up on forex markets but I think the trade qualities validate my decision.
SPX500
Is below its major level 2708 marked by two very solid levels of Fibonacci confluence. The thicker EMA's show need for caution as the market is still in a state of indecision attempting to find the path of least resistance. RSI is struggling around the 50 level.
NAS100
is above its major level of 6560. Whats interesting is how this index has found a major level of confluence at a different Fibonacci sequence than the S&P. In fact the whole bottoming process has been much stronger for the Nasdaq. The thicker EMA are strongly pushing toward the bullish path being the path of least resistance. RSI gives no hints either, struggling around the 50 level.
Here's what we're gonna do.
By the end of this week it will be obvious if this bottom is here to stay or if we are due to test the lows again. Any positions should be carefully considered as a direction has NOT been defined. Trades will be considered on a day to day basis and should be smaller position size given the market uncertainty. Longs preferred depending on S&P's reaction to its major level.
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
Nasdaq_Indexes_Look into todays action_Shorts considered only. Occasionally I will be slapping together a commentary about the days action on my favorite index and making a point to pickout the best entry of the day. This does not mean I take these entries. I simply point them out.
These posts will be short simple and insightful.
Notice the daily is bearish. We know better than to hold onto long positions.
Over the weekend SPX and DOWJ setup very nice looking sell signals. Market makers know all of us retail traders sat around and thought about how bad we wanted to get short all weekend. So first thing this morning they gave us our fills. NQ pushed lower and stopped out tight long trades and entered silly short orders. Then the market made a substantial move higher only to stop out the retail short traders. Only to stall around lunchtime.
Markets ticked around until 2pm when we finally started showing bearish signals and my plan allowed my to trade with the direction of the daily.
Price broke the lunchtime level and then formed a perfect verification process to confirm we were about to move lower. The market took back all the days gains between 2 and 3:50. Notice the 5 minute chart in the comments below.Cant post the 5 min which truly shows the details of today's move.
What a day. Stay tuned!
If you found this analysis useful or thoughtful Likes/Comments/Follows are much appreciated! Disclaimer: Your data may be different. Material is educational only. Trade at your own risk!
NASDAQ Daily UpdatesNASDAQ
Eyes on Target 1 to the upside .
JOIN THE TELEGRAM FOR EXCLUSIVE SIGNALS @ RSADVANTAGE
Profit expectations: 15-30 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Trading method: RSADVANTAGE Stage 5, accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends suited for swing trading. This system is made of custom adaptive volume indicators and Oscillators that properly detect trends very early and provides exit signals at dynamic S/R zones once the trend has ended. // Average yearly pips gained is 40k per pair on D1 charts alone. I have provided a similar limited version of the system on Trading view to help traders visualize the strategy.