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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 13In this video, I marked my levels. A summary is, the market has given us valid structures at 14200 and 14,000. As long as the market trades below 14,200.. We're looking to take sells but---as soon as it's past past there; Buys! Similarly, if the nasdaq100 trades above 14,000 without breaking, we can expect the bulls but if below 14,000---more sells. Hope this helps some-one. Do me a huge favor: smash the like button, comment, and follow me. Love, Lazyluchi
OANDA:NAS100USD
by lazyluchi
1
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.
FOREXCOM:NAS100Long
by Signal_Centre
NASDAQ bullishHello traders, UStech is again showing bullish signs for short term highs. It could be a good set up and watching price in the shaded area is necessary, price could even extend more from the shaded region but don't make haste for the executions. Invalidation zone doesn't describes the stop-loss but we can see multiple setups forming for bullish scenario and that is where we have to anticipate and find the proper stop-loss with less amount of risk in terms of price and also money management is necessary with any trade setup. Targets are highlighted on the chart. Good luck everyone, safe trading! Cheers. Note: This trade commentary is not a trade signal but only published for learning purpose. Thanks, Trader John play Ers
OANDA:NAS100USDLong
by Sunnyboy_001
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
Nasdaq What Now Episode 9Hey chat, so today's Good Friday and the market's closed. However, Here's the view so far. So the Nasdaq100 bears got their strength back after the whole negative news releases and sentiments. The question is: Where's the next Lower-low? On the weekly, the next fib level is at: 0% - 13319.. Funny how that guy is still going down. Is it a possible reach? Weekly chart: On the daily however, the Nasdaq100 has actually broken pass the 50 and 38% fib. The next "23%" which is --- 13583. Furthermore, we probably will get there before the weekly 0%. If we get to the weekly first, then big bears!!! Daily chart: 240 chart: I marked my levels on the 4-hour waiting for a move from the market.. What's your take and how was your week? hey trader, 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
Nasdaq 100 What Now Episode 8Hwey Traders, Good-morning so the Nasdaq100 bulls have been trying their hardest to get back into this market. With the VXN down, That isn't so hard now. Anyway, I'm looking at the recent supply zone (previous LH at 14300) waiting for a Higher-high if gotten, then I'll consider sells. If not, then I'll go short. What's your plan for Nasdaq100? By the way, In today's news by 13:30 GMT, we've got retail sales and Initial Jobless claims. hey trader, 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
1
Nasdaq100 What Now Episode 7Hey chat, So the bulls came out of hiding during the CORE CPI which had a low reading by the way. I actually thought that was weird till the bears returned. Anyway, do you see that we finally got a gap fill in VXN. What are the freaking odds right? The fib levels have been pretty useful lately. The 50 and 38% daily fib have all been hit. However, we got a bounce off the 38 which gave room for a double bottom on lower tim-frames. Again, what are the odds? Now, all I can say is let's wait to see what these Bullish signs mean. First a bullish divergence, now a double bottom.. Hmm! finally, what are the "damn" odds? For the news: We've got the PPI by 13:30 GMT and Crude oil Inventories by 15:30 GMT.. Don't ignore your fundamentals and sentiments! Do me a favor and smash the like button, be sure to follow me, and leave a comment---I love reading those. Cheers, Lazyluchi
OANDA:NAS100USD
by lazyluchi
Nasdaq100 What Now Episode 6Hey chat, so the Nasdaq100 is currently still bearish as the bears are still pushing. The weekly 23% and Daily 50% got smashed today which are 14044 and 14146 respectively. Now, the bears are looking at the weekly 0% and daily 38% which are: 13319 and 13894 respectively. The bulls coming back might really be a huge surprise. However, for now, I don't see any sign except this little bullish divergence which ended being a little pullback. Anyway, welcome 14k Nasdaq100. By the way, if you love my ideas, leave a like, follow me for more (It allows you know when I post or stream), and leave a comment love reading them. Cheers, Lazyluchi
OANDA:NAS100USD
by lazyluchi
Nasdaq 100 What Now Episode 5Who’s In The Nasdaq And What Are They Doing? Last week, the Nasdaq100 fell. In the previous episodes I said, “I’ll be looking to short the Nasdaq100 if the 15,000 remains a resistance. Shorting it to next support level at 14,680. However, if that 15,000 turns support, I’ll be looking to buy the return of the bulls—at least back to 15,200. What do you think?”.. Well, as you saw, the bears won. I took more of sells than buys because of that. However, the Nasdaq100 played with me a little bit before it went my way. Anyway, no chit (haha). In the previous news, We kicked off with the ISM Manufacturing PMI which turned out with a negative 58.3 reading.. This gave strength to this Nasdaq100 bears. Albeit, There’s this double top with a lower high that formed on the weekly, then—on the daily—The 4-hour took a while before it reacted to that. Back to the news, we also had crude oil inventories which also popped up negative. It had a 2.421 negative reading. Furthermore, A mixed market turned up on Wednesday during the FOMC.. The Nasdaq100 bulls switched up on these bears. We ended the week with a positive JOBLESS CLAIMS funny how that threw me off balance. I wondered.. if the bulls were back only for the bears to turn those tables real quick. What is the plan then? Honestly, I ‘ll be waiting for the Monday to give me a taste of what to expect. However, 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!!! Let’s see what gist this week has install for us. Hold-up, Not ending this one without speaking the VXN (Volatility index for Nasdaq100). Well, hmm, it hasn’t exactly been reliable only because it only opens during US market open and even opens with a gap most times. However, I realized it’s best we analyze that as well. The VXN’s Fib and RSI levels: On the weekly, the RSI is currently at 50.54, Daily-46.76, 240-49.54.. You can see that the bulls 0f VXN seem to be prepping. As for fib (Fibonacci) levels, check last heading. Nasdaq100 High Impact News For 11th-15th Of April, 2022 Monday is news less. However, on Tuesday, 12th April, 2022 by 13:30 GMT—We’ve got the “Core consumer price index”. The core CPI measure the changes in the price of goods and services. However, this is from the consumer’s perspective. The CPI measure the changes in purchasing trends and inflations. A higher CPI reading is going to be positive for the USD, while a lower reading will be negative for the USD. By 13:30, Wednesday, 13th April, 2022—The Producers price index news will be up. The PPI measure the changes in goods and services from the manufacturers P.O.V. It measures consumers’ price inflation, which accounts for the majority of over-all inflation. A higher than expected reading is positive for the dollar while, a lower than expected reading is negative for the dollar. Still on Wednesday, by 15:30, we’ve got the Crude Oil Inventories. The crude oil inventories measures the number of barrels of commercial crude oil held by US firms. Meanwhile, this can actually have an impact on inflation. If there’s an increase in the crude oil inventories, that implies a weaker demand on the USD which is bearish for the dollar. A lower than expected is Bullish for the dollar. Thursday, 14th April, 2022 by 13:30 GMT, The core retail sales will take place. Retail sales measures the change in the total value of sales at the retail level in the US. It’s also an indicator of consumer’s spending and the US economy’s Pace indicator. A higher reading is bullish for the USD while, A lower than expected reading is bearish for the USD. Same day; same time, we’ve got the Initial Jobless claims which measures the number of individuals who filed for unemployment insurance and a higher reading is negative for the USD and vice-versa, also, Retail sales—measures the change in the total value of sales at the retail level. It’s actually the foremost indicator for consumers spending. Finally, Friday, April 15th is Good Friday for the US and that’s some holiday. Take the day off and chill with your loved ones. Relative Strength Index And Fib Levels In Nasdaq1o0 And VXN For the Nasdaq100, The weekly fib is as follows: 100% -16389.9, 78.6% – 15732.9, 61.80% – 15217, 50% – 14854.7, 38.2% – 144492.4, 23.60% – 14044.3, 0% – 13319.5. The daily: 161.80% – 165342, 100% – 15214.5, 78.6% – 14757.6, 61.8% – 14398.8, 50% – 14146.8, 38.2% – 13894.9, 23.60% – 13583.1, 0% – 13079.2. As for the RSI, The weekly is currently at: 45.63, daily 47, and 240 33.52.. As for the VXN, The weekly fib is as follows: 161% – 43.44, 100% – 35, 78.60% – 32.08, 61.80% – 29.79, 50% – 28.18, 38.20% – 26.57, 23.60% – 24.58, 0% – 21.35.. The daily fib: 161% – 43.79, 100% – 36.59, 78.60% – 34.10, 61.8% – 32.14, 50% – 30.76, 23.60% – 27.69, 0% – 24.94..
OANDA:NAS100USD
by lazyluchi
9
US100 / USTECH / NASDAQ / NAS100: Sell, Buy and Long Term SellThe structure was broken in the weekly chart, and if you are a long-term trader, you can still sell from the current price level, but I will be waiting till it comes to the premium price level, where I can sell from the highest price and where I can risk accordingly. In the daily chart, the structure was broken to an uptrend where I anticipate price to reach price level between 15500 to 16500 (I have marked as sell limits) and it is ideal to sell from these price levels. Short time frames 4H to below show that structure was broke to downtrend where the price can reach 13800 to 13000 levels (i have marked as buy limits) *** Trade at your own risk, This is what I see, and I'm on it*** If there are any different views, please comment and share what you see. Thanks. Happy Trading
UShort
by TuanMSallay
8
Nasdaq 100 What Now Episode 4Alright traders, first of, what is Nasdaq doing? These bulls are bears are at it again and I can't help but wonder what they plan on doing. The bulls have gotten to 14322 which was an initial higher-low plan but it's looking like there's a problem. Accumulation phase with bears looking stronger. Daily showing signs of an inverse head and shoulder.. Just got a bullish divergence pattern. What now? The VXN hit a wall and bears trooped down as well. It's looking bearish however, not exactly confirmed. Still on the side-line with my pack watching these one. Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them. Cheers, Lazyluchi..
OANDA:NAS100USD
by lazyluchi
10
Nasdaq 100 What Now Episode 3Hey traders, If you're seeing this one, it means I was able to post this. The Nasdaq 100 dropped 2% after that double top showed up. I described what looks like an inverse head and shoulder forming, where the bulls are going for that higher-low. The VXN on the other hand hit a resistance at 30.50 and if this is just a retest to the 28 point support, then the VXN bulls will be back and the Nasdaq 100 bears will take us for another rude. I see a 14200 reach, however, I'm keeping an open-mind to the whole situation. Yesterday's FOMC gave us a gap-fill then a continuation to the downside. Some fed officials wanted a 0.5% rate hike to arrest inflation quickly. Investors became unnerved by the idea of the increase causing an effect on the Nasdaq although, not a news fan but maybe.. That got a reaction. Look at this plan: VXN chart: Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them. Cheers, Lazyluchi..
OANDA:NAS100USD
by lazyluchi
Nasdaq What Now Episode 1 Hey traders, The news update for last week showed intense results on the Nasdaq100. Tuesday, March 29th, 2022. CB (conference board) consumer’s confidence came up with a 107.2 reading, the JOLTs Job Openings came up positive as well—with a 11.266 million. This made the Nasdaq100 move up towards the 15,000 previous bears zone after that happened. Thereafter, on Wednesday, 30th of March, 2022.. The Bulls kept creeping in after the ADP Non-farm employment change came up positive with a 455k reading, However, the GDP (gross domestic product) reading turned out negative with a 6.9% reading leaving the Nasdaq100 to struggle although the bulls magically got their strength and took us up to 15,200. Resistance—came in early when the Thursday’s Initial Jobless claims news reading came up. It turned out negative with a 202k reading. Bringing the angry bears out from the woods. The Nasdaq100 turned the 15,200 level into a resistance and broke past previous support at 14,900 and turning it into resistance. Finally, NFP wasn’t flawless either as it came up negative with a 431k reading on Friday, 1st of April, 2022. So much for the April fools huh? With the NFP negative, we got a positive reading for the Unemployment rate (3.6%).. Whilst the ISM Manufacturing PMI readings turned out negative with a 57.1 reading. Furthermore, the Nasdaq100 closed mixed with the bears looking for more sellers to grant them the favor of drooling the Nasdaq100 down to next support level (14680). In all this, what’s my plan? Well, I’ll be looking to short the Nasdaq100 if the 15,000 remains a resistance. Shorting it to next support level at 14,680. However, if that 15,000 turns support, I’ll be looking to buy the return of the bulls—at least back to 15,200. What do you think? The VXN on the other hand is looking really bearish—After it created that resistance at 27 points. Hold up! what does this mean for the Nasdaq100 though? Anyway, I’ll be working with my plans and looking anticipating them high-impact gist.. Speaking of gist, let’s see what they have for us. Nasdaq100 High Impact News For 4th-8th Of April, 2022 Nasdaq100 this week has a lot in the box for us. On Tuesday April 5th, 2022—By 15:00, We have the ISM Non-manufacturing for March.. The previous was negative with a 57.1 reading. What’s the ISM all about? The Institute of Supply Management (ISM) Non-Manufacturing Purchasing Managers’ Index (PMI) (also known as the ISM Services PMI) report on Business, a composite index is calculated as an indicator of the overall economic condition for the non-manufacturing sector. The NMI is a composite index based on the diffusion indexes for four of the indicators with equal weights: Business Activity (seasonally adjusted), New Orders (seasonally adjusted), Employment (seasonally adjusted) and Supplier Deliveries. A reading above 50% indicates the non-manufacturing sector economy is generally expanding; below 50% indicates the non-manufacturing sector is generally contracting. The Non-Manufacturing ISM Report on Business is based on data compiled from monthly replies to questions asked of more than 370 purchasing and supply executives in over 62 different industries representing nine divisions from the Standard Industrial Classification (SIC) categories. Membership of the Business Survey Committee is diversified by SIC category and is based on each industry contribution to Gross Domestic Product (GDP). 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. 15:30 Wednesday April 6th, 2022. The Crude Oil Inventories will take place. What’s this all about? 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. Hey traders, I just got an alert that we’ve got the FOMC news. April 6th, 2022 by 19:00 the meeting will take place. Points to note: The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record of the committee’s policy-setting meeting held about two weeks earlier. The minutes offer detailed insights regarding the FOMC’s stance on monetary policy, so currency traders carefully examine them for clues regarding the outcome of future interest rate decisions. Finally, By 13:30, Thursday the 7th of April, 2022—We’ve got the Initial Jobless Claims. The previous turned out negative 202k readings. What to know: 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. If you loved my idea, please like, comment, and follow me for more.. Lazyluchi
OANDA:NAS100USD
by lazyluchi
6
Nasdaq What Now? Hey Traders, the Nasdaq100 has created a new Higher-high at 15200 leaving a strong resistance at that level. The Initial jobless claims today came up with a 202k negative reading. The VXN on the other hand, is looking great at that support level although, we might resume the bearish trend soon. There's NFP tomorrow and I can't stop thinking of what the outcome would be. Anyway, I will be looking to sell if the bullish-wedge-trend-line breaks at support. My target: 14600. Conversely, I'll be looking to buy if the trend holds at support to the next resistance at 15400.. Check out the VXN chart: Hey trader, if you loved this one, leave a like, comment, follow, and share your thoughts in the comment below. I love reading them. Cheers, Lazyluchi..
OANDA:NAS100USDShort
by lazyluchi
5
Nasdaq 100 What Now?Who’s In The Nasdaq And What Are They Doing? Nasdaq bulls are succeeding! I mean, most of the anticipated resistance in last week’s chat.. Have all broken and turned into support. On the 240, you can see the clear uptrend (higher-highs and lows)—However, there’s a wedge and bearish divergence. Furthermore, the Nasdaq 100 has been respecting said, “wedge” through-out last week. A possible 15,000 coming through. But, the usual “buts”.. This particular “but” is that of: a higher-low daily creation. Remember I talked about the fact that we’ve got the bulls in the market—hence we need higher-lows to confirm their validity. Well, this might just be it. A possible outcome: The market opens on Monday bulls are still hovering.. We get a move to 15,000. Yeah! everyone’s happy. Then—comes the bears. The big retest, the big pull, I mean: the daily still needs it’s higher-low—right? This pull determines the bulls strength. My support zones are: 14300/200. Support holds, everyone goes long, support break—panic starts. If the bulls win, The next resistance zone: 15400 creates a new higher-high and.. We’re bullish baby! Similarly, if bulls fail, Then I will.. We should start another panic sell because—what’s their exact purpose? Haha, let’s see how it turns out. Next up, Major news, use that to know what the market’s decision will be. Don’t take trades during a major news so be notified. Nasdaq100 High Impact News Lot to comes this week. The end of March and beginning of a new dawn (April). Let’s see.. Monday is the only day that’s free of a major news. Oh! my, News packed week I see. Tuesday, March 29th, 2022–By 15:00. We’ve got; Cb consumer confidence—“Cb” stands for: conference board. This major news measures the sentiment of surveyed consumers on economic conditions. The market reacts to this because—Consumer optimism is directly related to consumer’s spending, hence—it makes up for a large part of the country’s economic activities. Wednesday, March 30th, 2022. At 13:15, We have the ADP national employment report. The Automatic data processing National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile. P.s: ADP provides payroll services to US corporations, and they analyze data from around 400,000 customers to derive employment growth estimations. Why should you care about the ADP? Job creation is an important leading indicator of consumer spending, which accounts for a majority of overall economic activity. What to expect: A higher reading should be positive/bullish for the USD, while a lower reading should be negative/bearish for the USD. Hence, watch out for that reading—might just save you this week! More On H.I.N For Nasdaq Thursday, March 31st, 2022. Another news is—Personal income also known as, Disposable income. This measures the change in the total value of income received from all sources by consumers. Income is closely correlated with consumer spending, which accounts for a majority of overall economic activity. For this news, like the ADP, 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. Traders should take this seriously because.. Income is correlated with spending, the more disposable income consumers have, the more likely they are to increase spending. Finally, Friday The fools day—April 1st. DON’T BE A FOOL THOUGH. This is the day of the most anticipated for Nasdaq ..NFP (non-farm payroll). However, before the NFP, we have like three major news to watch out for. The first, Average hourly earnings. The Average Hourly Earning released by the US Department of Labor is a significant indicator of labor cost inflation and of the tightness of labor markets. The Federal Reserve Board pays close attention to when setting interest rates.. A high reading is also positive for the USD, while a low reading is negative. Secondly, unemployment rate. The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. However, unlike other major news, 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. More On Jobless Rate (Unemployment Rate) A tip for traders, Although it’s generally viewed as a lagging indicator, the number of unemployed people is an important signal of overall economic health because consumer spending is highly correlated with labor-market conditions. Unemployment is also a major consideration for those steering the country’s monetary policy. Lastly, Non-farm Payrolls. This popular news; Reports the monthly change in the number of employed workers, albeit not including the farming and government sectors. In the markets, High volatility is usually seen before and after the report release. The number of unemployed workers is an important signal of overall economic activity since consumer spending is greatly correlated with labor-market conditions. Furthermore, The major importance of knowing about the NFP is: Job creation. The foremost indicator of consumer spending, which accounts for the majority of economic activity. 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.
OANDA:NAS100USD
by lazyluchi
Nasdaq 100 Trade ReviewLessons From This Week's Trade: 1. Always wait for your setup 2. Divergences can be tricky. P.s: Next video explains this. Watch the video below to understand my view The market is currently in an uptrend but, I can't really take trades because of the issue no daily higher-lows and the rising wedge forming so soon. However, this week, I took just a single trade. My entry was from 14344 and target 14600, while risking just 1.15%. Great trade, Gained 2.6%.. How was your week and what lessons where learnt?
OANDA:NAS100USD
by lazyluchi