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NDAQ trade ideas

NDAQ shows perfect Wyckoff Distribution: Begin MarkdownNDAQ is of course highly correlated with NDX, QQQ, and relate tickers so if NDAQ looks bullish it is a sign that TQQQ and SQQQ will move predictably. If NDAQ is bearish that will have likewise opposite effect. NDAQ came screaming out of the March low to set an advance into a buying climax. The initial give back of that buying climax sets up the Automatic Reaction and that helps define our zone of support, also called the ice due to how dangerous it can be when it breaks. The support on the ice here was confirmed with a bounce of the 20 day moving average which lead to a lower high. That in itself is nothing too serious but subsequent to that price actoin slipped the 20 day and hit the ice again as a Sign of Weakness. After the sign of weakness there was a Upward Thrust which didn't have the buying volume to continue. In other words, bulls where exhausted and could not continue the uptrend. In another sense, there was no one else to pump the bulls bags as buyers were unwilling or unable to continue the trend. I like to use the On Balance Volume EMAs to evaluate this uptrend, peak to peak. I have tried using it on larger timeframes and it doesn't work for me, it isn't responsive enough on the monthly timeframes and my entries are too late. But this is a great resolution. We see this uptrend was not supported with enough volume and the indicator shows a lot of classic bearish divergence which predicts a reversal. Also, OBV break of the 100 EMA is extraordinarily bearish circumstance and should not be taken lightly. Also on that chart is my VSTOP system I continue to tinker with. The MTF VSTOP flipping bearish is also... very bearish. After the Upward Thrust the ice breaks. This is bad because if price action doesn't recover it basically drowns and sinks to the bottom. The ice has flipped from support to resistance and when price actin failed before even hitting the 20 day moving average we have a very bearish set of circumstances. The bottom might be hard to find. DJI has set a lower high and SPX is double topping, both with falling volume so this isn't a bullish set of circumstances. (Technically a double top has peaks within 5% but I think SPX double top with a 5.7% difference is close enought to round down). I am going to let this run for quite a while. I entered my SQQQ position a couple days ago and feel confident that I can let this run until I see some bullish divergence on the NQ1! or SPXU MACD on the 12h or I see NDX out of the bottom of the weekly or monthly bollinger band. My linked post below is one of my most painful post. I completely nailed the bottom reversal and then buggered up the trade by not letting my winners run and shorting too soon. That is one reason why I have incorporated the VSTOP and MTF VSTOP into my system to help steady my hands to the upside when the macro situation is so bearish.
NASDAQ:NDAQShort
by This_Guhy
11
The NASDAQ Is In A Precarious Situation, Here Is Why!Hello Traders Investors And Community, Welcome to this fundamentally important analysis we are looking at the NASDAQ Index 4-hour timeframe perspectives, the recent events, the current formational structure and what are possible outcomes the next times. A wise trader once said "what rises strongly can also fall strongly" these are some important words compatible to the current situation with the NASDAQ, as many indices the NASDAQ somewhat recovered from its corona-lows seen this year and also made some new highs above the established pre-corona conditions, it was also stronger than the SPX or DOW and made the new highs faster however there are some meaningful signs the NASDAQ had shown now as the volatile movements pushed the price firstly heavily to the downside it is now an important structural allocation as the index is at the pre-corona conditions, the big question now is if this move above the previously established highs was just a big bull-trap which can happen as the bear-market is still not confirmedly over and there rushed many retailers into the market while smart money staying on the sidelines, from a fundamental perspective this pull-back was expected as the gaps between real economy and stock market still existing within the ongoing corona increase we should not be naive and keep the heavy bearish established volatility this year on the desk. When looking at the chart now, you can watch there that the NASDAQ made these heavy down moves to the point where it is actually now testing the established S/R-level by past price action, this line is marked in red also you can watch there that the line was severely resistance in the past and it has its origins in the established pre-corona highs underlining the importance of this line, currently the NASDAQ is on this level and testin it which can lead to a smaller rally firstly which will be crucial in this structure as it is leading directly into resistance which the index has at the 100-EMA marked in grey and the 60-EMA marked in green, together with the middle line of the channel it is building a resistance cluster here where a consolidation between this cluster and the rising S/R-level can be possible as it is seen in my chart, this consolidation will lead into the final decsision and as the index has more bearish than bullish signals with the heavy resistance and the established bearishness a bearish breakout to the downside is more likely, this will go on till there is remaining strong support found which can possibly reverse the situation, it can be in the FIbonacci-levels marked in orange, when the index does not manages to hold these levels and falls below it this can be critical for bull development overall and the ongoing wave-count where it is not yet confirmed if it is a bullish wave count or a bull trap wave count, the bullish wave count will invalidate when the NASDAQ falls below the 105 level marked in my chart in red! The NASDAQ currently is a decent example to what the stock market currently trades in and why the next times will be so important for further developments, it has to be noted that fundamentally speaking there is no barrier for new bearishness to the downside as the real economy is not yet fully recovered by the corona increase and it will be not a good sign when the index breaks below the previously established highs as it is showing the weakness of the bulls also on the technical side of things. Besides that the rallies seen the last times were completely pumped up by central bank money and the retail investors rushing into the market which also can rush out of the market again when things increase into a more declined outlook. When taking a bullish rally with new highs and an ongoing bull market apart we need to ask our selves how long this can function as it is just the peak on the ice iceberg which can every time unload and result into a much greater bear market, many people already mentioned the bear breakdowns over with the corona lows established, nevertheless, the problems in the economy are still there and should not be kept by side, this is why we should definitely take the anticipation of new decline within out schedule In this manner, thank you for watching, support for more market insight, good day to you, and all the best! “There are many roads to prosperity but one must be taken.” Information provided is only educational and should not be used to take action in the markets.
NASDAQ:NDAQ
by VincePrince
16
NASDAQ100With the current pandemic the US economy has been hit severely by Covid 19 in a way the world has never seen before. With employment levels at an all time low despite the NFP figures saying there is an uprise in the economy. The sharp lockdown since March has seen a downfall in the hospitality, retail, technology and financial sectors. On the other hand transportation, health care and logistic industries have boomed. and with a weak USD on the horizon we expect a correction on the NASDAQ 100 as shown on the monthly chart. This compliments my views.
NASDAQ:NDAQShort
by Invest_like_Abi
NASDAQ - I won't panic, sorry.Nasdaq's bull run was unreal. Out of this world. Irrealistic, many would say. We all knew this was going to happen at some point. Call me delusional, overly optimistic, or even naive. But I am not panicking just yet. We broke through resistance and a pull-back to the new support is a healthy signal. We need the Nasdaq to slow down, we need to put a break to impulse investing, to unreasonable pumps, and, most importantly, to the media pressure. If I was to treat this chart as a stock, I would place a limit order on the bounce, aiming for a perfect textbook entry point. I know that a bull-run will most likely follow after that. I might wrong, of course. After all, trading is not an exact science and I'm not considering fundamentals as well as behavioral finance in my analysis. However, I just feel it is too early to call this a crash. I will definitely be concerned if we break through the support line. Not until then, though. When it comes to my trading activity, I had already skipped trading tech for the past week or so, as I felt this was coming this week. I will now sit on the sidelines until I get some clarity. I might be back on Tuesday with new setups, or maybe the week after. If the sell-off continues I might add more short setups, as long as there is some rationale behind. Time now to be grateful for our wonderful August, study, enjoy a little break and hope for a new direction soon. I would love to hear your short-term outlook about the Nasdaq, where do you see it heading in September, and how this is going to affect your trading (or investment) plan.
NASDAQ:NDAQ
by maschera
3