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NVIDIA: Fangs still down!!NVIDIA Short Term - We look to Sell at 179.80 (stop at 197.51) The primary trend remains bearish. A move higher faces tough resistance and we remain cautious on upside potential. Selling spikes offers good risk/reward. Further downside is expected. Our profit targets will be 141.02 and 130.00 Resistance: 180.00 / 190.00 / 200.00 Support: 170.00 / 160.00 / 150.00 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.
NASDAQ:NVDAShort
by VantageMarkets
2
NASDAQ in technical rebound - a bull trap?The NASDAQ (and other equities indexes) closed the week on a strong rebound, having reached a lower support (11700). The resulting weekly candlestick is one with a long lower tail, suggesting a possible test to regain the 13K level. The daily chart closed the highest for the week, and similarly projects a somewhat cautious bullish outlook for the incoming week. I would be wary for sudden turnarounds, especially near the resistance levels, or when prices are near the declining 55EMA. The weekly technicals are still intact for the downside target of 11K. Be wary!
CME_MINI:NQ1!
by Auguraltrader
2
oversold semiconductors (SOXL)if critical support provides meaningful buy volume and we close the week near the highs then semiconductors, and the broader market could exhibit a bounce here towards lower 36s. if we see another wave of selling down at these levels were probably blowing through that support on the weekly trending toward upper 16s taking the market with it as semiconductors are a lead bear. keep TRAMA from sinking and come out of oversold STOCH and we could diverge bullishly. if things head for continuation it is likely more bearish.
AMEX:SOXLShort
by cerealpatterns
4
Global Market FLUSH OUT is nearly over (for now)Get ready for support to be found over the next week or two as the fear of risks seems to be subsiding. Yes, the Fed is threatening more rate hikes, but the markets have already revalued substantially over the past few weeks given the broad global market collapse and the -25% collapse in the NASDAQ. Traders need to start thinking about "what comes next"? My research suggests the next move will be a move higher - not LOWER. This recent correction in the markets reflects a broad delivering event across the globe. The excesses of the past 5+ years culminated in a peak in 2021. Most of 2021 was spent moving away from risks related to the excesses/speculative phase. Far too many people are seeing this as a bubble-burst (which it may still turn into if the Fed/Global Central Banks make the wrong moves) - but ultimately, the printing of capital may "grease the wheels" of the global economy in such a way that GROWTH becomes the next factor over the next 10+ years. Yes, asset prices, like homes, gas, cars, and others, may subside a bit (very similar to 1984 to 1994), but this reversion of asset prices (moving away from excesses) may be a very healthy process for the markets. Get ready. I think we are going to see the start of an intermediate base/bottom starting to setup soon.
FX:NAS100Long
by BradMatheny
NASDAQ gave way into MayAnother down week in the NASDAQ, as expected. PReviousl expectations were generall in line, although how things panned out were more volatile... bearish for NASDAQ IMHO. The weekly chart looks even worse now than previously, and it is not about breaking below 13K conclusively. It did a swooping technical rebound, only to be a dead cat bounce, where the next session wiped out the week's worth of effort to recover 13K. This resulted in a long upper tailed candle; in both charts showing the bearish momentum and that it is more likely to continue. The 12600 light support held up for now, and given the candlestick patterns and technicals, further downside should be expected, albeit volatile attempts to test 13K. Previously marked out 11700 for next support once 12600 gives way; downside target now projected (by Fibonacci projections) at 11,100, about early to mid-June 2022. It is very possible to see a quick dip in the coming week to 11,700, then a sizeable rebound, only to push down yet again. Let's see... tread carefully. Bearish is as it bearish does.
CME_MINI:NQ1!Short
by Auguraltrader
1
aapl weekly chart bounce or break?aapl at inflection point of support/resistance on the chart after creating a weekly higher low will it confirm old resistance as support and bounce or breakdown and make new lows so i am looking for it to hold the 50 ema on the weekly for any possibility for upside if we break that and are trendline support drawn on the chart i will have downside pts at 145 and 138 max pain at 116 (if this abc elliott wave pattern plays out we can see a 1,2,3,4,5 down to are pts) this is a heavy weight stock in spy so check out my analysis on that for context
NASDAQ:AAPL
by Danieldaytrades
NASDAQ Broken below 13KBAD NEWS here... for many, not all. The NASDAQ followed through with the heavy downside momentum, and broke below 13,000! Worse, it closed the week below the 13,000 (and the 12,900 intraday buffer set out earlier). The weekly chart show nice long candles that end the weeks very close to the low or at the low, showing the continued downside momentum that is not at all easing. MACD suggest more downside in the weeks to come, although the RPM is suggesting some mitigation in the downslide. 12600 is a light support, and 11730 is the next major support (50% Fib). The daily chart is bearish clearly. Having to reclaim above 13K would also mean a gap closure above 13180. While the daily candlestick is suggesting downside momentum, the MACD and RPM are indicating some mitigation on the downside, at least for some reprieve. Overall, May does not look good for the NASDAQ NQ1! More down drafts expected. 12,600 expected to hold briefly, if at all. Next major support 11,730.
CME_MINI:NQ1!Short
by Auguraltrader
3
NVIDIA (NVDA): Expressing the Crossroads We Are At As you can see this Pitchfork shows just how strong of a Bullish Trend the Technology Sector has been in for the last 20 years. Price finally reached a point of Peak. Now, this doesn't mean the top is in but rather shows just where we are in the cycle. Price isn't at life-changing levels anymore , at least based on the previous 20-year trend . In fact, the Price is still a great deal away from the 200MA . Hedge Funds and high-level investors are well aware of these levels. As we head into a slowly economy filled with many unprecedented macro challenges, growth will be limited . That's not to say there won't be light at the end of the tunnel, there certainly will be. The question is... Are we already on the other side or are we just beginning?
NASDAQ:NVDA
by NoOneWhoIsSomeone
1
NASDAQ in heavy downward momentumThe NASDAQ bounced off the first support and sliced through the second support level. Quite different from was expected, but in any case, this reveals a strong downward momentum towards the 13K support that must not be broken. To define this... should not close below 13K, but possible to have an intraday spike down to 12900 like previously. The thing here is that the Weekly candles are nice and long... so bearish momentum in the last three weeks have been strong. That said, what would this week bring? Btw... Noted that the weekly MACD had crossed down in bear territory. Not going to be pretty over the next couple of weeks!
CME_MINI:NQ1!
by Auguraltrader
NASDAQ delivered as expected, and continues...Previously heads up , The short week filled in as expected with a continued breakdown below the weekly 55EMA. This is bearish confirmation (without doubt) that the technical bounce is done. On the weekly basis, a higher low or a return to 13K is in the cards for the weeks following. The daily charts show the weak rally and the week ended with an overwhelming outcome, in the form of a "bearish engulfing"; not quite so as it did not totally engulf from the open, nonetheless, you can obviously see the bearishness. The first support to bounce is not expected to hold, and perhaps the second support would hold better. Failing which, 13K is the support to look towards. Daily technicals are in bearish territory, so expect some downside after the Easter weekend. At this point, it is not (yet) looking extremely bearish. Not yet. Stay safe!
CME_MINI:NQ1!Short
by Auguraltrader
2
NASDAQ... Oh BearThe NASDAQ is in somewhat of a freefall state having broke down very quickly over last week and one day this week. The breakdown came after warnings with upper tails in the weekly candle, as previously warned. And then the breakdown of the weekly 55EMA. The daily chart shows the clear indications as well as long decisive bearish candles clice through the supports. 13775 (red support line) is the immediate, albeit weak, support. 13520 (gray line) probably a better bounce support. Daily technicals (MACD and RPM) are bearish. It is only 12 April... not even 10 May.
CME_MINI:NQ1!Short
by Auguraltrader