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Nasdaq Analysis Hello Everybody, The market is currently still in a down trend. Iv analysed what we may see today. There has been a triangle formed. Usually this triangle indicates a continuation down. I expect the price as 11646 area of resistance to be respected and price to continue to fall down. If we do get a break down price will come to 11321-11206. However if the area of resistance at 11646 does get broken then price will continue to rise and the direction on the lower time frames will change to bullish pushing price back up to 11832- 12065.
OANDA:NAS100USD
by Tradeofgrey
1
NAS100 Forever Dropping! 😎🥱🐋No one, absolutely no one, can tell you what the hell is going on in the tech market. But we can at the least try to come up with our own explanations. For me, I think the market is just correcting because of all the inflation scares. We may see this week turn bullish. A move up to 12 800 may be a good sign. And a close above the open price today may start the pump up to 13k. If the drop continues then the next support area I would target is at 10 864. Share your thoughts down below. What do y'all think!?? Make suree you secure the bagg!!! 💰💰💰🤑🤑🤩🔥✔📈
FX:NAS100Long
by tshiiamom_sa
Nasdaq Analysis hello Everyone. The price has come to a key area of support as I mentioned in the group yesterday. This area of 11224 is very strong however we can expect a break of this area causing a long wick on the monthly/weekly. However I doubt we will see a month close under there. Today we may see some bullish movements ready for the news release tommorrow, with expectation of even bigger bearish rallys. I would be looking for any reversals right now as this is a very bearish market and you don't want to get trapped. today I can see price pushing back to 12636 - 11836 before pushing back down.
OANDA:NAS100USDShort
by Tradeofgrey
USTECH100 BEARISH OUTLOOKAfter some anxiety among investors regarding increased CPI for May, NASDAQ experienced some drop down in price, mostly led by mega-cap growth stocks like Apple Inc and Amazon.com Inc. On the technical perspective, USTECH100 is breaking the support of descending triangle, which is a signal for bearish movement, confirmed as well from both MACD and RSI indicators. If the bearish movement continues, USTECH100 might try to reach price of 11 912 USD. On the other hand, if it reverses, it might get back to 12 586 USD. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
UShort
by legacyFXofficial
Nasdaq Analysis Hello Everybody. Yesterday was a crazy start when New York session opened, A lot of wicks flying around, trapping traders before it eventually going down. We had reached 12500 area again and now price has pushed up a little but I feel price will drop from where we are now 12554 and if not it may go up a little further to 12584 before dropping back to 12500. However if prices pushes up from 12584 then I will be looking at it a big different. but this is my thought for now.
OANDA:NAS100USD
by Tradeofgrey
NAS100 breaks keys and opportunitiesThe 6th session NASDAQ100 had a strong bullish wave breaking through the important lvl 125xx key. We will look at some factors to be able to make a profit from it: - Fundamental Analysis: The biggest buzz of the moment came after Friday's PCE data was released. The market is optimistic with the view that "inflation is showing signs of peaking" and if inflation continues to fall below current levels in the coming months, the Fed will feel more comfortable to slow down the pace of rate hikes. From there the view that the Fed won't raise rates above neutral begins to gain more support, which would be a downside effect on both long-term US Treasury yields and the dollar, and bullish effect on gold. - Technical analysis: looking at the H1 frame chart, we can clearly see that the falling structure has just been broken and the uptrend lasted until the last minutes of the session. In my personal experience with such an excited market sentiment, the bullish wave can last until the price reaches the 131xx area. However, what we need to pay attention to, the price has just broken the key and has not formed a higher low - enough conditions to confirm the trend reversal. We can completely wait for the opportunity if the price finds the 12~122xx area to be able to set up a good entry for the upcoming long wave. Wish you a good trading week. If my idea is useful, give me a like and follow so I can update my entry details in the plan. Any questions or request analysis of other trading pairs, please leave a comment
FX:NAS100
by TonyL0ng