Get started
US Tech 100 - CashUS Tech 100 - CashUS Tech 100 - Cash

US Tech 100 - Cash

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

US100 trade ideas

Nasdaq Intraday Review - Wednesday 4 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - ADP Nonfarm Employment Change @13:15 News - None Directional bias - BUY Morning analysis: M TF - very bullish W TF - very bullish, we are now in all time high territory again D TF - D candle had closed higher that previous high, testament of the bullish sentiment 4H TF - very bullish, 4H EMA is far down, so if price retraces it could be a long way down before price finds the dynamic support of the 4H EMA As the day progressed: Noted a rising wedge pattern form as marked by the blue lines. Price broke the market pattern upwards and came back down to retest the top line of the pattern. With price being at an all time high, it could easily be assumed that price will make a huge retracement. In the past, I would have been eagerly ready to place a sell because it's at an all time high and "has to come down"(*). I have lost a lot of money in the past, trying to decide for the market, what it should do. Looking at this market pattern, the way price broke upwards, re-tested and closed a green candle HIGHER. It seemed to me price wanted to continue upwards. From years of screen time, I also know that if price is very bullish (like at all time highs) it can continue higher for much longer than one would expect. I have also seen that sometimes, price will continue to push for the previous day's TP's. So because price was also rejecting the TP1 from the day before and closing higher, I felt that bulls wanted to push for TP2. I entered a small buy position at the hand icon. Price shot all the way up to TP2. I closed just before market open at the top hand icon and made a cool 870 pips. I closed because I was "sure" market open would retrace and wanted to lock in my profits. So even though preaching at (*) in the text above, I was still a victim of this mentality that "price has to come down" :) But anyway, I am still happy with my trading today. In the long ago past, I probably would have taken a sell just because price "has to come down after all time high". In the not-so-long-ago past, I probably would have sat out and been too scared to take a buy, even though I saw the signal. But today, I took the signal, albeit with a small position. #progress So just a reminder, trading is a long and slow game of patience and repetition (or at least for me). Keep going, keep consistent and you will see progress. In the beginning your goal should be to survive and live to trade another day. Get in as many hours of screen time as you can...and just keep going. ​If I were to advise a beginner, I would say: 1. Learn as much as you can about candles, market patterns and timeframe confluence (use baby pips.com for an excellent free resource) 2. Have 3 x display screens on your desk. On one screen, have the 1H TF displayed, on the second screen, display a split between the 4H TF and the D TF. On the third screen, display a split between the 15min and 30min TF. 3. Stare at your screens for hours and hours a day! Haha! Screen time is the most valuable experience you can get. 4. Don't demo trade for too long. Trading with real money changes the game. So trade with the smallest possible position size available eg. 0.01 and just try to survive to the next day. 5. Start seeing results after a few years (not what everyone wants to hear because trading is "fast, easy money", but that is the truth for the majority of traders) ​All the best! :) Stats: The total move for the day was 2'000 pips I captured 870 pips / 44 % of the total move (need to improve) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Several indicators suggest that the NASDAQ 100 (NAS100) may faceSeveral indicators suggest that the NASDAQ 100 (NAS100) may face a downturn in the near future: Technical Indicators: • Rising Wedge Pattern: The NAS100 has formed a rising wedge pattern, typically considered a bearish signal indicating a potential price decline. • Overbought Conditions: The Relative Strength Index (RSI) shows overbought levels, suggesting that the index may be due for a correction. Economic Data: • Manufacturing Sector Contraction: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating ongoing contraction in the manufacturing sector. • Slowing GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter, down from previous quarters, reflecting a slowdown that could impact corporate earnings. Federal Reserve Policies: • Interest Rate Outlook: Federal Reserve officials have signaled caution regarding future interest rate cuts, which may affect investor sentiment and equity valuations. Market Sentiment: • Tech Stock Volatility: Recent declines in major tech stocks, including Nvidia and Microsoft, have led to broader market pullbacks, indicating potential vulnerability in the NASDAQ 100. • Strengthening U.S. Dollar: A stronger dollar can negatively impact multinational companies’ earnings, many of which are components of the NASDAQ 100. Considering these factors, there is a potential for the NASDAQ 100 to experience a decline in the near term. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
OANDA:NAS100USDShort
by US30EMPIRE
Historic High Achieved: Further Gains Amid Bullish Momentum Technical Analysis The price has successfully reached a historic all-time high (ATH) at 21,370 and continues to gain momentum, targeting the next resistance at 21,590. As long as the price remains above 21,290, the bullish trend is expected to persist, with upward targets set at 21,590. However, a bearish correction toward the 21,290 or 21,220 levels is also possible. The bearish zone will only be confirmed with sustained price action below 21,150. Key Levels: Pivot Point: 21400 Resistance Levels: 21590, 21670, 21800 Support Levels: 21290, 21150, 20990 Trend Outlook The trend remains firmly bullish as long as the price holds above 21,290.
OANDA:NAS100USDLong
by SroshMayi
Be patient till 20211As it looks now we need a big correction on indices. The most important level - "point of control" is actually around 20211-20250. This is the ideal entry point to re-buy Nas. BUT, DO NOT ENTER BLINDLY on the entry line. Wait for a retest. Today is Friday, so TP phase can send price very deep. When-if entry conditions are met, I will update this trade. Wish you good luck. P.S.: I´m not a signal service, do not selling anything to anybody. If you want to push sell-buy button without any responsibility for your trade, please contact one of the signalists who will comment this idea later on. If you want to learn, discuss, you know what to do.
CAPITALCOM:US100Long
by Rendon1
NAS100USD / TRADING UNDER SUPPLYZONE / 4HNAS100USD / 4H TIME FRAME HELLO TRADERS Downward Pressure: Prices are currently trading under a bearish (downward) trend. Supply Zones , Between 20,860 & 20,920 and 21,037 & 21,112: These zones are acting as resistance levels where selling pressure is high, preventing prices from rising further. Demand Zone , Between 20,559 & 20,354: This is identified as a support level where buying interest might increase, potentially halting further price decline. Possible Scenarios: If prices remain below the supply zones, further decline toward the demand zone is expected , If prices break above the supply zones, it suggests an increase toward ,The all-time high (ATH) around 21,260 , A strong supply zone between 21,175 & 21,260. Overall Outlook , The text emphasizes the bearish trend unless resistance levels are broken.
OANDA:NAS100USDShort
by ArinaKarayi
7
USNAS100 / Key Breakout Levels and Trend ProjectionsTechnical Analysis The price surged approximately 320 pip, as anticipated in our previous analysis. Today, maintaining stability above the All-Time High (ATH) is crucial to achieving further gains, with the next target at 21,360. A confirmed 1-hour or 4-hour candle close above 21,215 would likely drive the price toward 21,360 and further to 21,500. Conversely, if the price stabilizes below 21,160 with a confirmed 1-hour or 4-hour candle close, a decline toward 21,075 and 20,990 is expected. Key Levels: Pivot Point: 21160 Resistance Levels: 21220, 21360, 21500 Support Levels: 21075, 20990, 20860 Trend Outlook Bullish: Upon breaking and closing above 21,215. Bearish: Upon breaking and stabilizing below 21,160. PREVIOUS IDEA:
OANDA:NAS100USDShort
by SroshMayi
Potential bullish rise?USTEC has broken out of the pivot which acts as a pullback resistance and could rise to the 1st resistance which lines up with the 127.2% Fibonacci extension. Pivot: 21,205.31 1st Support: 21,026.41 1st Resistance: 21,508.79 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
ICMARKETS:USTECLong
by ICmarkets
Nasdaq Weekly Outlook Dec 2 (NFP week)The price is consolidating in a higher timeframe inefficiency following the election expansion, which makes market conditions more difficult than usual. Last week, the price consolidated (time distortion), so this week I would expect an upward expansion towards the weekly target. Just above the short-term target, there is a bearish propulsion block on the higher time frame. Depending on the reaction in this area, we will see if the weekly target is reached. This week we have NFP, Powell, and unemployment claims, so I expect volatility.
PEPPERSTONE:NAS100Long
by NarcotikT
Nasdaq Intraday Review - Tuesday 3 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - JOLTS job openings @ 15h00 News - None Directional bias - BUY Morning analysis: M TF - Very bullish W TF - Very bullish, but at a strong resistance now. Price will need to break the prior week's highest close. D TF - Very bullish, yesterday's candle closed right at the weekly resistance 4H TF - Doji candle formed exactly on the W resistance but subsequent candles closed above. This doji level would be a good place for a mental stop loss because if candles start closing below this point, market could retrace. 4H 0.382 fib level (fib drawn from swing low at A to swing high at B.) + pivot point is far down...nearly 1000 pips from price (at time of writing at 5:49am). That's a long way down! Don't want to get into a deep drawdown situation. 30min TF - Ascending triangle forming (marked in orange lines). The resistance caused by the previous highest 4H candle close is holding candles down. But ascending triangles usually break upwards, as pressure mounts from bulls against the resistance level (although these market patterns can break either way). 2 x interest zones / areas of confluence identified: 1. Highest green highlighted area = pivot point + 4H 0.382 buy fib level 2. Lowest highlighted green area = This zone moved throughout the day at the 4H EMA moved, but eventually I settled on where it is marked now i.e. 4H EMA (at some point during the day) + 4H 0.618 buy fib level As the day progressed: Ultimately the ascending triangle broke downwards and a temporary downtrend line started forming as marked by the pink line. This line held down many candles but eventually was broken on the 15min TF and I entered a buy at the top hand icon - Confirmations: 1. Market pattern - DB formed on the 15min TF, with neckline broken upwards + also breaking the temporary down trend line. The ascending wedge market pattern profit target had also just about been met (price usually travels the same distance as the height of the market pattern once the market pattern is broken - marked with the orange vertical line) 2. S&R - seemed as though the 1H EMA was providing dynamic support 3. Trend - temp down trend was broken (price had crossed the pink line) and my buy was in the same direction as the overall trend - The trend is your friend. 4. Fib - small 1H fibs were being adhered to, but didn't really consider this as part of my confirmation 5. Candlesticks - None really Mental SL was placed at the thick pink line at about half the height of the DB. Unfortunately, price could not remain above the pink down trend line on the higher TFs and price moved down. I closed as the 15min candle closed below my stop loss. Took a loss of 250 pips, which I consider to be small and of no real consequence. I don't regret this entry, it was worth a try and the SL was tight, so not a lot to risk. Second buy entry was at blue arrow icon - Confirmations: 1. Market pattern - price had touched my green area of confluence and so I moved to the 5min TF where a DB formed and I entered on the break of the neckline upwards 2. S&R - pivot point 3. Trend - buy is in the same direction as the overall trend 4. Fib - DB formed just above the 4H 0.382 fib level 5. Candlesticks - long wicks down to the pivot point indicate that buyers are rejecting this zone and stepping in at this price level. ​ Mental SL was placed below the green area of confluence. ​ Price moved up, more than 250 pips from my entry and I secured at entry. Unfortunately, price moved back down and took me out at entry. Although I was ultimately right with my entries and direction....price was just to spiky for me today. I stepped away from my screens for a few mins at 16h00 and missed a nice entry at C. where price broke the falling wedge pattern that ultimately formed on the 1H TF (between the pink and blue lines). Was a bit bummed that I missed that one. So ultimately for me, I closed the day with a small loss, today was just too spiky for my trading system. Not complaining though because my risk was managed and I live to trade another day - "No Risk, No Magic" Hope you had a better day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84