Ustech100
Nasdaq - Trade opportunity! Short term trade idea:
Pattern wise within Nasdaq - Double bottom, measuring it comes to 38.2 Retracement of Fibs which is matches nicely key retracement area.
Above 11270 Area bullish with the resistance areas of: 11480 - 11560 - Target area for double bottom = 11815 - 12000 area.
Below 11085 Area Bears could come in control with key support areas of: 10930 - 10711
Medium term: I am bearish US Indices, Precious Metals, EUR, AUD, NZD - This would be a counter trend move, please use appropriate risk management.
Target for EUR - Low ends of 1.16 to 1.15 area to position for longer term EUR target of 1.22/1.25
All the best,
Trade Journal
Remember: Just a trade idea, not a recommendation.
Nasdaq Futures - Ustech100Hello traders,
Today could be a decisive day for the next WHSELFINVEST:USTECH100CFD index trend. A closure under the 10750 support could trigger the next descent to 10645 and 10560. On the contrary with a retrace could go looking for the 10920 that if they are passed we will go towards the 11048.
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My analysis are for educational purposes only, and in no way represent a solicitation to invest in the financial markets. Compare them with yours and make a decision.
NASDAQ SETUPNASDAQ SETUP - I don’t see any fundamentals that should drive nasdaq down besides fear in the market from the sell off, covid cases, no vaccine and no news on stimulus. These have been constant fundamentals since the bull market so unless fear strikes again I’m looking at this buy setup.
US TECH: GAME OVER?Well, get your popcorn ready!! US Tech 100 is in a precarious position. This is another thing that rules the world!
Price ducked below 11000 - which is considered important. Will it stay below? How would I know? 🤷♂️🤦♂️ At time of posting price is a 10920-ish. Does this mean the backs of the USTECH and NASDAQ are broken? Of course not. Expect permabulls to do their stuff. We need them - for the big money transfer- so they're much loved! 🤣
Price action on this on the 3 to 5 min time frame today was soooo exciting! LOL. Call me a nerd - it's fine. LOL. 😉😎 If you wanna see what's really happening you just gotta get dirty in the trenches!
I'll be doing a video soon, showing how I look at price action in the indices, comparing the rule of Tech100 with other indices. Stock up on popcorn! 😂👳♂️
I don't do predictions - because I believe trend is more important than price .
Disclaimers : This is not advice or encouragement to trade securities. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
US TECH // Nasdaq 100 range trading following FED announcementRange trading on the CURRENCYCOM:US100 following dovish FED meeting. Accommodative and supportive policy for the economy through to 2023 has been the highlight Support & Resistance within shaded area. 38% fibo acting as resistance. Short term trading within the range until confirmation of breakout occurs.
NASDAQ BUY - APPLE PRODUCT RELEASE AND SNOWFLAKE IPOLooking at buying Nasdaq at respective zones, mainly because of fundamental news and a confirmation with an inverse Head and Shoulders pattern.
Projected TP is 11560, if broken I'm seeing 11800/12000.
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