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23 minutes ago

📊 NASDAQ 10th January 2025 Daily Analysis Based on Main Key Levels

In the current trading environment, understanding key levels is vital for making informed decisions. The Daily Current Market Price (DCMP) for NASDAQ is 21,108. This analysis will highlight resistance and support levels, trade setups, and relevant technical indicators, including swing high and low levels.

🔍 Summary of Key Levels

Resistance Levels (above DCMP):

🔴 Resistance 1: 21,467
🔴 Resistance 2: 21,641
🔴 Resistance 3: 21,922

Support Levels (below DCMP):
🟢 Support 1: 20,905
🟢 Support 2: 20,731
🟢 Support 3: 20,449

🔍 Swing Levels
Swing High: 22,143
Swing Low: 20,768

Technical Analysis

The current market price at 21,108 is positioned between significant resistance and support levels. Key levels above the DCMP serve as resistance, while those below act as support. Utilizing Fibonacci retracement and extension levels can help identify potential reversal points.

Trade Setups

Intraday Buy Trade Setup

📍 Entry Price: 20,905
🛡️ Stop Loss: 20,731
🎯 Take Profit 1: 21,106
💰 Take Profit 2: 21,186

This setup focuses on the support level at 20,905, suggesting a potential upward movement.

Intraday Sell Trade Setup

📍 Entry Price: 21,186
🛡️ Stop Loss: 21,467
🎯 Take Profit 1: 21,641
💰 Take Profit 2: 21,922

This setup targets the resistance level at 21,186, indicating a potential downward movement.

Additional Technical Insights

Fibonacci Levels: Key Fibonacci retracement and extension levels align closely with resistance and support zones, providing additional validation for trade setups.

RSI Divergence: Monitoring RSI divergence is essential for identifying overbought or oversold conditions, aiding in timing entries and exits.

MACD Crossing: A MACD crossover could signal potential momentum shifts, reinforcing the trade ideas presented.

Conclusion
Understanding key levels and market structure is vital for effective trading in NASDAQ. The outlined trade setups provide structured opportunities based on technical analysis, empowering traders to make informed decisions. By integrating these insights into your trading strategy, you can navigate the market with confidence.

2 hours ago

Anything goes now...wouldn't touch this thing at the current moment.

2 hours ago

Starbucks ended FY24 on a disappointing note, missing revenue and earnings targets for the fourth consecutive quarter. Here’s a breakdown of the key figures:

**Key Metrics**
- **Global Store Count**: Increased 6% year-over-year (YoY) to 40,199 locations.
- 52% company-operated, 48% licensed.
- 61% of stores are located in the US (42%) and China (19%).
- North America: +3% YoY to 18,424 stores.
- China: +12% YoY to 7,596 stores.

- **Q4 Comparable Store Sales**: Declined 7% YoY.
- North America: -6% (Average ticket +4%, Transactions -10%).
- International: -9% (Average ticket -5%, Transactions -4%).
- China: -14% (Average ticket -8%, Transactions -6%).

The data highlights differing challenges: North America is struggling with reduced foot traffic, while China faces pressure on pricing.

3 hours ago

Good day all you (post for history)
Today we have so important report and it will have a massive effect on all indexes the NFP report, so please pay attention as it could change everything
However, technically if the day candle closes under 21000 that it will send the index 100% to 20800 then it could up then down.
But if it will go further down and the day session will close under 20800 so million per cent the index will go to 19800 then only you would find a worthy bullish retrace
HOWEVER, if you need my so personal opinion and my personal plan, if you are patient as me, I can confirm to you that no way and I mean NO WAY that it will go to another ATH without the touch of any day candle to the uptrend line in green on my idea. Which could be around 1500 points from now to the downside!
Another golden thing I use in my own strategy, I call it as the golden cross! Is when the moving average of 50 crosees the moving average of 200 from above.. That happened at the begining of today pre market session!
The 6h frame candle now is so so close to the 200 moving average at 21108 so either retrace to up or will close below it and it will be the beginning of another extreme bearish wave when the day session closes under the first price I said at the beginning.
Worth to say that last time on the 4h frame that the opposite happens and the MA50 crossed MA 200 from the down, it was on 13 September 2024... Since that cross happened, nasdaq was bullish till I said it would be bearish and I expected an extreme bearish wave. Before that day of 13.09.24 nasdaq was in bearish wave for a complete 2 months and could not reach to do another ATH before 4 months from that cross.
I have you that example to expect what is going on. Minimum could take a month to two. Till it the golden cross over happens again. And if that cross happens on a bigger time frames so the effect would be much painful to the USA technology index, the Nasdaq.
So whoever tells that we do another ATH, you have to pay attention to my words. As I am different bro 😊
I shorted from 21720 and I will follow the plan and my strategy I explained above if the market acts as I expect.