US100 trade ideas
NASDAQ INDEX (US100): Important BreakoutThe US100 index has exceeded and closed above a crucial resistance level on both daily and intraday charts.
The previously broken structure is now serving as support. This may signal a potential uptrend ahead, with the next target at 20,475.
NASDAQ: Short term bullish if the 1H MA50 holdsNasdaq turned on excellent bullish technicals on the 1D timeframe (RSI = 63.446, MACD = 268.010, ADX = 43.526) and that sets the tone for a strong medium term continuation. On the short term 1H timeframe however, we had a strong pullback today of -1.75%, the strongest inside the the two week Channel Up, but along the lines of the previous two. It managed to reach the 1H MA50 and is consolidating on it.
The 1H MA50 has been holding for the past week and as long as it continues, this will be the best buy opportunity to aim for a new +3.30% rise (TP = 20,600). If it breaks however, the pattern is negated, so keep the SL tight around pattern limits.
See how our prior idea has worked out:
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NAS100 Breakout: Aiming for New Highs as US30 Empire Gains The NAS100 has recently broken through key resistance levels and trend lines, signaling bullish momentum. With the US30 (Dow Jones) continuing to show strength, the NAS100 is expected to follow suit, aiming for new highs. The breakout suggests further upside potential as market confidence grows, supported by strong performance in tech and growth stocks. We anticipate continued upward movement, provided key support levels hold and the macroeconomic environment remains favorable. This could be an ideal entry for traders looking to capitalize on the ongoing rally.
New York Session Recap - NAS100Trade recap of my 1 trade in New York Session.
NAS100 - Breakout Reversal Setup
US100US100 is in reversal trend.
Bearish divergence also shown in RSI.
Sellers are strongly active.
We sell at CMP.
The NASDAQ Is Running - ATH In SightThe NASDAQ is making a run-up to its highs of July 2024. Whether the market will overcome this massive resistance level is questionable in view of the upcoming US elections. However, we assume that the NASDAQ will at least fill the wick of the daily candle from July 15, 2024.
Before taking a long position, we would first like to wait for a return to the entry zone at 20,162 points in order to optimize our RRR.
Nasdasq100 rises above 20k with the ATH in focusA revival of AI optimism following Micron Technologies strong guidance, combined with additional Chinese stimulus and the prospects of a 50 basis point cut in November, means the path higher is of least resistance,
The Nasdaq 100 has extended its breakout from the symmetrical triangle pattern, rising above 20k and reaching fresh 6-week highs. Buyers will now set their sights on 20,750. Immediate support is seen at 20k. Below here, the 50 SMA and falling trendline support come into focus at 19,200.
PREPARING TO GO SHORT ON NASDAQNAS100 4H - As you can see price has now traded into the Supply Zone we have had marked out for some time now, I am wanting to see price begin to break down and distribute giving us the ability to get involved in this market with some shorts.
I have gone ahead and marked out the last protected low within the fractal structure of this market, a break in this would confirm that the correction trading us up and into the zone has finished and a new bearish leg is ready to be printed in the market.
We can expect an S&D flip as Supply is introduced from this zone and Demand is removed from all the buy orders that have pushed price up and into this area to begin with. Once we have relevant confirmation this is when we can prepare for those shorts.
After the BOS we can expect price to pullback putting in a lower high, following those laws of bearish structure, so its important we find the fractal area of Supply price may come to trade up and into to set that.
US100 4HWe will wait for the price to reach our resistance zone, and then we will enter a sell trade.
From this trade, we can achieve a 1:10 risk-reward ratio.
#NDX , #NASDAQ, #US 100, #QQQThis is what I'm thinking about the #Nasdaq, #QQQ, #NDX, #US 100 until the end of November. It's just an opinion for educational purposes.
NASDAQ Best Place To Sell It And Get 500 Pips , Ready ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
USTEC gained as earningsUSTEC gained as earnings from Micron provided a temporary boost to a market that has been trading sideways. The chipmaker reported strong sales of high-bandwidth memory chips in 1Q, along with upbeat revenue, earnings, and an optimistic forward outlook.
USTEC broke its consolidation and the psychological resistance at 20000, confirming an uptrend continuation. The diverging bullish EMAs show strong upward momentum.
If USTEC extends its surge, the index may target the record high around 20700.
On the contrary, USTEC may return to 20000 if the index pulls back before its continuation.
Analysis of NASDAQ 100 (H1) - Technical Breakdown (Sep 26 2024)1. Wyckoff Accumulation & Distribution Phases:
This chart heavily applies Wyckoff's methodology, which is built on the phases of market accumulation and distribution. The schematic is drawn to reflect the following phases:
Phase A marks the preliminary support (PSY) and automatic rally (AR), where initial buying pressure emerges after a prolonged downtrend, indicating early signs of accumulation.
Phase B represents a secondary test (ST) and an upward thrust (UT) within the trading range. This phase signals the testing of supply and the building of a cause for future price movement.
Phase C typically includes a "spring" or test of support, but this chart appears to be leaning towards a distribution pattern as the price tests the upper boundary.
We can observe signs of a Sign of Weakness (SOW) in Phase B, suggesting a potential shift from accumulation to distribution, as supply overwhelms demand at higher price levels.
2. Elliott Wave Count:
The Elliott Wave theory, which describes price movements in predictable wave patterns, is applied to the broader structure. The chart indicates the presence of a five-wave impulsive pattern (labeled 1-5):
Wave 1 seems to have completed near the automatic rally (AR).
Wave 2 traces back towards the end of the rally, with Wave 3 extending beyond the buying climax (BC).
The final wave (Wave 5) culminates with an upward thrust (UT) in Phase B, which could signal the completion of the current cycle, leading to a bearish correction or retracement.
3. Harmonic Patterns:
There is a clear integration of harmonic patterns within this chart, which is often used to predict potential reversal zones based on Fibonacci ratios. The highlighted zone with Fibonacci extensions (0.618, 1.236) suggests a potential area for a retracement:
The butterfly harmonic pattern outlined between Phase A and Phase B suggests that after the buying climax (BC), the price is primed for a pullback as it approaches key Fibonacci resistance levels.
The Bearish Bat pattern shows convergence near the upper resistance level (around 19,900-20,120), which corresponds with the end of Wave 5 in the Elliott Wave structure.
4. Fibonacci Levels and Retracements:
Key Fibonacci retracement levels have been plotted, notably the 0.618 and 1.236 extensions. These levels serve as potential resistance or support zones in the chart.
The price action initially retraced to the 0.618 Fibonacci level (around 19,567), marking a key level for potential support.
If the 1.236 extension level (19,576) holds as resistance, it could validate the bearish scenario suggested by the Wyckoff distribution and harmonic pattern convergence.
5. Volume and Price Momentum:
Though the volume is not displayed, the POC (Point of Control) is marked, which represents the price level where the highest volume of trading occurs within the given period. It aligns with a strong support zone at around 19,567.
RSI Indicator (represented by the red line below the price chart) appears to show weakening momentum, particularly in Phase B, further supporting the potential for a downward move as the price begins to test upper resistance levels.
6. ICT (Inner Circle Trader) Model Reference:
There is a reference to ICT’s Classic Weekly Profile. This model suggests a predictable weekly price structure where Monday typically creates a low or high for the week, followed by a mid-week reversal.
The chart points to a possible reversal towards the middle of the week, supported by the Wyckoff distribution and harmonic setups.
7. Key Resistance and Support Zones:
Several key levels are highlighted:
Upper Resistance (19,962.5 - 20,120): These zones, indicated by the buying climax (BC) and upper thrust (UT), are likely to serve as strong resistance as the price begins to retrace.
Support Zones: The area near 19,567 (0.618 retracement) and 19,490 marks a significant support zone, where demand could potentially re-enter if prices pull back sharply.
8. Wave Invalidation Points:
The chart includes an invalidating point for Wave 4. If the price breaches this level, the current wave structure would be invalidated, and a deeper correction might be expected. The potential invalidation could occur near 19,322, signaling a breakdown in the bullish impulse wave count.
Conclusion:
In summary, this NASDAQ 100 chart reflects a complex but highly informative mix of Wyckoff Distribution, Elliott Wave Theory, and Harmonic Patterns with Fibonacci retracements. The ongoing phase seems to indicate a transition towards a bearish correction, particularly as prices approach major resistance zones around 19,900 to 20,120. Traders should monitor key support levels near 19,567 and below, as a breach of these levels would likely trigger deeper corrective moves in line with the Wyckoff and Elliott Wave structures.
Nasdaq ThoughtsGOOD MORNING Everyone! Please find my Nasdaq market analysis for today below. As a price action trader, I encourage you to compare my charts with yours and use my insights to enhance your skills. These videos are designed for educational purposes only, not as trading signals. My goal is to help you grow and become a proficient trader.
NAS100USD / UNDER (Sep) MONTH PRESSURE - 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Initial Decline:
In the first part of September, prices fell by 8.21%. This indicates a negative trend early in the month.
Mid-Month Rise:
By the middle of September, prices reversed and began to increase, rising by 10.25%. This suggests a recovery or positive momentum starting mid-month.
End of Month Expectation:
It is expected that by the end of the month, prices will rise further, reaching a total increase of 14.45%. This projection suggests a continuation of the positive trend that started mid-month.
Overall, the prices of nas100usd a volatile price movement, with an initial drop followed by a recovery and an expected significant increase by the end of September.
Technical Analysis:
Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 19,954, the bullish momentum is expected to continue.
Upward Condition:
- Target 1: If the price trades above 19,954, it's expected to rise to 20,432.
- Target 2: If the price stabilizes above 20.432, the next target is 20,797$.
Downward Condition:
- If the price falls below 19,954 , it suggests a potential decline:
- Target 1: A decline to 19,844.
- Target 2: If it breaks below 19,844, further decline is expected to 19,535.
Potential Long tradeWe have a Triangle pattern at a key resistance, what we see here is a breakout followed by a pullback and now we see the second pullback, this provides the perfect entry at the higher high of the pullback
WE ONLY TRADE PULLBACKS
Nas100 is pressing for a breakFollowing the higher low formation on September 9th, the NAS100 successfully broke back above the key 19,500 confluence resistance.
The price is showing strong support on dips, and it is currently pushing toward breaking the critical 20,000 milestone.
A confirmed break above this level could pave the way for new all-time highs, with the next major resistance around the previous ATH zone at 20,700
NAS100 9/26/24💹
Outlook: Price is way to overextended form what it looks like a Tokyo run/continuation where you could have gotten involved. However I did not which is okay because I will be waiting for NY news tomorrow to pass where then I will look for continuation trades.
Bias: Neutral until we re-accumulate and make a pullback into the 10/20emas.
NAS100USD New position updatedIt’s going up till 20590 then going down till 19325 but if break support below 19325 then it’s going down till 18537.
The stock market is highly volatile. Please be very careful with your investments.
Don't be fooled by the word economic recession.
Billionaire’s move in silenceDip Buyers Strong. It has been more than 34 years since a real recession has hit Australian shores.
