NASDAQ: Approaching Target 1. Pullback and buy for the 2nd.Nasdaq maintains the four month Channel Up and despite the technically overbought 1D timeframe (RSI = 72.574, MACD = 282.680, ADX = 39.484) it shows no signs of pulling back. We will make the most out of this very aggressive trend. Our target from the previous analysis remains near the R2 (TP1 = 16,000) and after a pullback as on May 24th, we will buy again and target the R3 (TP2 = 16,690).
We will stop buying the pullbacks after both of the following conditions are met: the price crosses under the 4H MA50 and the 1D RSI under its HL trendline.
Prior idea:
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Us100
Dow Jones Index (US30): Sideways Movement & Forecast
Dow Jones Index is currently trading within a horizontal intraday range.
Its upper boundary was reached on Friday.
Testing that, the market formed a descending triangle formation.
The neckline of the pattern was broken.
I think that the consolidation will continue on the Index
and it will reach 34300 level soon.
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NQ1! NAS100USD NASDAQ 2023 JULY 13
NQ1! NAS100USD NASDAQ 2023 JULY 13
Wait for Mon 17 Jul's bar close to determine if Friday's mark down is for additional buying / weakness.
Possible Scenarios:
1) if Mon 17 Jul closes higher = long on reracement
2) If Mon 17 Jul closes lower = look for low volume mark up, rejection, then short at rejection
near recent resistance / high
Price Reaction Levels
Short on Test and reject | Long on Test and Accept
16646 15839 15507
15118 14850 14368
*Longer term: 13350 needs to be supported for long trend to be intact.
Price/Volume/Trend Analysis:
Weekly: NTC ave vol up bar close off high = minor weakness | Uptrend
Daily: UT ave vol bar in an uptrend = wait for next bar to determine if this is
marked down for additional buying or weakness | Uptrend
*NTC = Non-Trend Changing | PTC: Potential Trend Changing
Like and follow if you find this useful.
Have a profitable trading week.
*For education purpose only.
Two big moves $NQWe are in a range where it seems as a creation of a SwingH, also in the left there is s previous take of liquidity which could be a StopH, so this week probably we could see a bearish move that creates -1- a retracement into the fvg to continue its move towards the upside, or -2- a break in MS that creates a -BB
This second scenario is what im expecting, so let's see how this week plays
NASDAQ The All Time High is the only target left now.Nasdaq / US100 continues to trade inside a Channel Up pattern in the last 6 months.
The price is now comfortably above Resistance A and the only Resistance level that's left to challenge the trend is the All Time High at 16790.
The last two rallies achieved runs of 13.40%-13.80%.
As long as the 1day MA50 supports, keep buying, since also the 1day RSI is supported by a Rising trendline.
Target 16700.
Previous chart:
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US100 and US500 Possible Counter Trend Trade OpportunityIn this video, we examine the stock indices and observe that they are approaching key resistance levels on the higher time frames (1M, 1W, 1D etc). We can observe weakness in the GE40 and FTSE, raising the question of whether the US100 and US500 will follow suit. Considering it's the end of the week, a correction is a possibility. As always, please note that everything discussed in the video is for informational purposes only and should not be interpreted as financial advice.
US100 Long U.S. Debt Deal Optimism Boosts SentimentI have marked the Bullish Bearish scenarios of the next 2 weeks(Possible Potential Long)
Green Bullish
Golden Cross
High Bullish Volume
Technically: HH HL
Donchian Long
June S&P 500 futures
ESM2023
are trending up +0.18% this morning as market participants weighed the latest updates on negotiations in Washington to reach a debt-ceiling deal while awaiting a key speech from Fed Chair Jerome Powell.
In Thursday’s trading session, the tech-heavy Nasdaq 100 notched a 1-year high, boosted by gains in chip stocks and a more than +9% jump in Netflix Inc
NFLX
after the streaming giant said its recently launched ad-supported tier reached about 5 million active users per month. Also, the benchmark S&P 500 rose to a 9-month high, helped in part by an over +11% surge in Take-Two Interactive Software Inc
TTWO
after the company reported above-consensus Q4 net bookings. In addition, Walmart Inc
WMT
rose more than +1% after the retail giant reported upbeat Q1 results and raised its full-year guidance, helping keep the blue-chip Dow in positive territory.
US100 Long Rises Higher to 15200zone,the possible correctionHi traers.
We will make a possible correction soon, as mentioned on the chart.Please scrol bac the chart above and watch and read it closely.
The Bulls are getting ready for a profit taking after CPI data on tuesday latestly after friday this week.
This happens of 2 reasons:
The bears on the top are waiting at the low voluem areas
The bulls will protect some of their winners and start to distribute
on the supports I have marked with price lables and green arrows
The RSI is stablishing a divergence , not completed yet.
The trend is definitly and absolut bullish,but we will have this necessary correction and after that a possible sideways range(Bullish range) ,in summer time, as many traders will start their holidays.
Technically the trend is healthy.
Please condsider this with proper money mangement and stop limits.
Kind regards,
Dave Brasco
US100:Will Keep Growing! Target for Buyers is: 15661.6
Balance of buyers and sellers on the US100 pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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Nasdaq Index (US100): More Growth is Ahead
NASDAQ Index broke and closed above a neckline of a cup and handle pattern
on a daily, following the yesterday's CPI report.
Taking into consideration, that the index is trading in a strong bullish trend,
that violation will most likely trigger a strong bullish wave.
I will expect growth to 15600.
For entries, consider an occasional retest of a broken neckline.
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NASDAQ Resistance break-out, buy signal targeting 15900.On our last Nasdaq (NDX) call (see chart below), we took a short-term buy after a bullish break-out above a key Fibonacci level:
The index made an even more critical break-out yesterday, as it broke above Resistance 1 (15285) which had in the last 30 days two clear rejections (June 16, July 05). This is a technical bullish break-out signal, on a 1D RSI above its MA and the price on a rise after getting close to the Channel Up pattern from the start of the year. The 1D MA50 (blue trend-line) has been supporting the majority of this strong uptrend in the past 4 months.
The upside potential extends as high as Resistance 2 (January 04 2022 High) at 16570 but we will pursue a more modest target. The minimum on the previous bottom rebound was the Fibonacci 2.0 extension. As a result, we are buying this break-out and target 15900.
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