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Nasdaq100

Nasdaq 100: Sustained Uptrend with Strong Momentum SignalsChart Analysis: The Nasdaq 100 has maintained a steady uptrend after rebounding from its August low, respecting a rising trendline (black) and staying above key moving averages. Here's a breakdown of the key observations: 1️⃣ Trendline Support: The price has respected the ascending black trendline, acting as dynamic support during pullbacks. This showcases strong bullish commitment. 2️⃣ Fibonacci Projection: The price is approaching the 161.8% Fibonacci extension (around 22,694), a potential area for traders to watch closely for reaction. Extensions like this often serve as resistance in trending markets. 3️⃣ Moving Averages: The 50-day SMA (blue) remains upward sloping, while the 200-day SMA (red) confirms a long-term bullish structure. Price action staying well above these averages signals continued strength. 4️⃣ Momentum Indicators: RSI: Nearing 70, indicating strong momentum, though traders may watch for overbought signals. MACD: Bullish crossover continues, with rising histogram bars suggesting increasing buying pressure. What to Watch: Whether the price can sustain momentum towards the 161.8% Fibonacci extension level (~22,694). A healthy pullback towards the trendline or the 50-day SMA could offer clues for continuation patterns. Momentum indicators may warrant attention for short-term overbought conditions. The Nasdaq 100 remains firmly in an uptrend with bulls firmly in control. A break and hold above the Fibonacci extension would signal potential for further gains. Keep an eye on volume and momentum as price nears key levels. -MW
NASDAQ:NDX
by FOREXcom
Nasdaq Intraday Review - Monday 16 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 - None, FOMC this Wednesday News - None Directional bias - BUY, Nasdaq is bullish overall so want to trade with the trend - "The trend is your friend". Morning analysis: M TF - Very Bullish, large green candle in formation W TF - Very Bullish, large green candle in formation D TF - Friday's candle closed in a rough doji candle formation which could signal that bulls are running out of steam to push price higher. But the candle did close green higher than the previous D highest candle close. So bulls did manage to break the resistance of the previous Day's highest close. I took this to be a bullish signal. 4H TF - Price gapped up as extended hours started trading today. Bulls pushed upwards and when I opened my charts there were a few red candles on the 1H TF. 1H TF - Noted a temporary downtrend line formed (marked in turquoise). Noted 2 x interest areas / areas of confluence (marked in green highlight): 1. Top green area = 1H + D + 4H fib levels + Day pivot point. This represents time frame confluence and a great area of reversal. 2. Bottom green area = 4h EMA (at some point this morning, it has now moved due to passage of time) + 4H + D 0.618 fib level. 4H fib drawn from swing low at A. to swing high at B. 1H fib drawn from swing low at C to swing high at D. As the day progressed: Price started reacting to the top highlighted green area, until a DB formed on the 15min TF, signalling that price was ready to move up. Entered in the green candle close at the hand icon, which represents a nice momentum candle + breaking the temporary downtrend line. Confirmations: 1. Market pattern - DB on the 15min TF = reversal pattern in the direction I want 2. S&R - DB formed above the pivot point + 1H EMA providing dynamic support 3. Trend - Temporary downtrend line broken and trade is in the overall direction of the market 4. Fib - Price reacting to 1H + 4H + D fib levels representing strong TF confluence 5. Candlesticks - DB neckline broken with a strong momentum candle on the 15min TF Mental SL placed at half the height of the 15min DB (marked with the think pink line). Price moved up nicely and I took partial profits at the top hand icon at 1'725 pips, which represented the TP1 of the 4H / D fib extension (as shown). Holding the rest until candles give the indication to close eg. DT forming on the 15min TF, with neckline broken down. Easy peasy day at my trading desk - wish every day was this easy! :) Hope you had a good 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
2
Intraday Levels for Nasdaq 100 Futures - 12/16/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
2
Weekly Forex Forecast: Buy The S&P & NASDAQ. Wait On The DOW!This forecast is for the week of DEC 16 - 20th. The SP500 & NAS100 are bullish and buys are the order for the week. The DOW Jones is weeker, sliding down as the USD climbs. Be careful here, as the DOW tends to travel it's own path at times. FOMC is Wednesday. Stay vigilant and disciplined this week! Check the comments section below for updates regarding this analysis throughout the week. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
CBOT_MINI:YM1!Long
by RT_Money
CHFJPY ON THE MOVECHF/JPY is showing strong bullish momentum, supported by a breakout above a key resistance level, with robust bullish candles and minimal upper wicks indicating sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a swift recovery that suggests accumulation by buyers. The pair is trading above a rising intraday trendline, confirming it as dynamic support, and above the 50- and 200-period moving averages, with a golden cross reinforcing the bullish outlook. Bullish divergences on the RSI and MACD highlight strengthening momentum, while increasing volume on upward moves compared to lighter pullbacks signals strong buyer dominance and the potential for further gains. + testing all KL, be advised
Long
by edl75
USDCHF BULLISHUSD/CHF is showing bearish momentum, driven by a rejection at a key resistance level, with strong bearish candles and extended wicks signaling dominant selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the subsequent sharp reversal suggests sellers are taking control. The pair has broken below an intraday ascending trendline, confirming it as resistance upon retest, while bearish divergences on the RSI and MACD indicate weakening bullish momentum. Trading below the 50- and 200-period moving averages, with a death cross forming, reinforces the bearish bias. Additionally, increased volume on downward moves compared to lighter retracements highlights strong selling interest, supporting the potential for continued downside movement. + testing all KL, be careful
Short
by edl75
GBPJPY BEARISHGBP/JPY is displaying bullish momentum, driven by a breakout above a key resistance level, with strong bullish candles and minimal wicks signaling sustained buying pressure. Earlier in the session, a liquidity sweep below a prior low triggered sell stops, followed by a sharp rebound that indicates buyer accumulation. The pair is respecting an ascending trendline, confirming it as dynamic support, and trading above both the 50- and 200-period moving averages, with a golden cross further reinforcing the uptrend. Bullish divergences on the RSI and MACD highlight recovering momentum, while increasing volume during upward moves compared to lighter pullbacks suggests strong buyer dominance and the potential for further gains. + this can go two ways : reaching the first KL or the second one just under, globally the movement will be the same
Long
by edl75
USDJPY BREAKING KEY LEVELS TOMORROWUSD/JPY is exhibiting bearish momentum after a rejection at a key resistance level, with multiple upper wicks indicating strong selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the sharp reversal suggests sellers used this opportunity to enter short positions. The pair has broken below an intraday trendline, confirming it as new resistance upon retest, while bearish divergences on the RSI and MACD signal weakening bullish momentum. Additionally, the price is trading below both the 50- and 200-period moving averages, with a death cross reinforcing the bearish trend. Increasing volume on downward moves compared to lighter retracements further supports the likelihood of continued downside pressure. + if not today, Monday is the day the lower KL breaks
Short
by edl75
GBPUSD GOING TO THE SKYGBP/USD is showing bullish momentum, supported by a decisive breakout above a key resistance level, accompanied by strong bullish candles and increased volume, signaling robust buying interest. Earlier in the session, a liquidity sweep below a major support level likely triggered sell stops, followed by a sharp reversal, indicating accumulation by smart money. The pair has also respected a rising intraday trendline, bouncing off it and reinforcing the upward trajectory. Technical indicators, such as bullish divergences on the RSI and MACD, further confirm weakening bearish momentum and potential for continuation higher. Additionally, the 50- and 200-period moving averages on lower timeframes are sloping upward, with a golden cross reinforcing the bullish outlook. This setup, combined with low-volume pullbacks, suggests a strong environment for further intraday gains. + was going down in response to the previous liquidity levels, is now answering this by reaching the higher K levels
Long
by edl75
EURUSD GOING DOWNEUR/USD appears poised for a bearish move, supported by key technical indicators and chart structures. Price action has rejected a significant liquidity zone, suggesting strong selling pressure and the inability of buyers to hold higher levels. A confluence of resistance from a descending trendline and the 50-day EMA strengthens the bearish outlook. On higher timeframes, a recent liquidity sweep at a key high has been followed by a sharp rejection, indicating trapped buyers and the potential for further downside. A break below the recent market structure low could trigger stop orders, accelerating the move toward the next major liquidity cluster. Watch for increasing momentum and volume as confirmation of this potential bearish shift. + responding to the liquidity rectangle, pushing down
Short
by edl75
AUDJPY BULLISHAUD/JPY appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, indicating strong buyer interest and the absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further reinforces the bullish setup. On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, signaling that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, driving momentum toward the next major liquidity cluster. Increasing volume and momentum will be key to confirming this potential upward move. + testing inferior KL, aiming for higher ones
Long
by edl75
GOLD BULLISHGold appears poised for a bullish breakout, supported by key technical indicators and chart structures. Price action has reclaimed a significant liquidity zone, suggesting strong buyer interest and absorption of supply. A confluence of dynamic support from an ascending trendline and the 50-day EMA further strengthens the bullish case. On higher timeframes, a recent liquidity sweep at a key low has been followed by a strong rebound, indicating that sellers may be trapped and the market could pivot higher. A break above the recent market structure high could trigger stop orders, fueling momentum toward the next major liquidity cluster. Watch for increasing volume and momentum as confirmation of this potential upward move. + precisely the contrary of NASDAQ with a little more zigzag liquidity
OANDA:XAUUSDLong
by edl75
NASDAQ BEARISHThe Nasdaq may face a correction in the coming hours, based on technical signals from the charts. The index is approaching a key resistance zone, coupled with an overbought RSI (Relative Strength Index), indicating potential short-term reversal. Additionally, a bearish divergence between price action and the MACD (Moving Average Convergence Divergence) suggests weakening bullish momentum. Declining volumes on recent highs further point to reduced buying pressure. A test of the immediate support could accelerate the downside if this level is breached. + big liquidity level broken yesterday, looking for a correction
CAPITALCOM:US100Short
by edl75
Nasdaq Intraday Review - Tuesday 10 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 - None, but tomorrow is CPI News - None Directional bias - BUY. The M TF is very bullish and until there is a reversal pattern eg. DT on a high TF (like the D TF at least), I continue to hold my buy bias. Morning analysis: M TF - very bullish D TF - Price is right at the neckline area (marked in green) at time of writing this morning. If candles start closing below neckline towards the mushroom, Nas will turn bearish, because then a day DT has formed with the neckline broken down (change the D TF chart to a line chart and it will be easily visible). D fib retracement levels were broken down yesterday, in other words bulls were not able to overcome the bears at these levels and bears push down past these levels. Now only W retracement levels remaining. W 0.382 fib level is 2800 pips down (at time of writing in the morning). Bulls last defense against the bears is the D neckline (marked in green) and a strong D support level, exactly at the D neckline. So this is the level were bulls will have to step in if they do today. 4H TF - Shrinking red candles at C. indicate a loss of bearish momentum. Hoping that bulls will push up from the green support / neckline. Drawn in the SELL fib levels because these will be key take profit levels. Sell fib drawn from swing high at B. to swing low at A. As the day progressed: As the morning progressed a falling wedge pattern formed on the 1H TF, as marked by the thick pink lines. Entered a buy at the hand icon, when price broke upwards on the 15min TF - Confirmations: 1. Market pattern - Falling wedge pattern formed on 1H TF, right above key support. Pattern broken upwards, indicating that price is ready to move upwards 2. S&R - Green line represents D Neckline and key D support area. On the 1H TF, price is reacting to the 100 EMA, indicating that the torquiose EMA line is acting as dynamic support. 3. Trend - Buy is in the overall bullish trend of Nasdaq. Also the temporary downtrend line (the top pink line of the market pattern) is broken, indicating that price is ready to move upwards 4. Fib - None 5. Candlesticks - Shrinking candles on the 4H, indicating loss of bearish momentum Mental SL placed at the thick pink line. I was willing to risk more today because it might have come down one last time to test the green line, this was purely based on my feeling, which luckily turned out not be true. Luckily I had zero draw down and price shot up. I took partial profits at the top hand icon (because that was TP2 on the buy fib (as drawn) and then closed almost all the rest of my position at the blue arrow (when a strong DT started forming on the 15min TF). I left a runner open, just in case I could possibly benefit from a push up at CPI tomorrow, but this was taken out at entry ultimately. Majority of my profits was about 1000 pips. Stats: The total bullish move for the day was +- 1575 pips: I captured 63% of the total move (I'm happy with that). Amazing to see how price reacted to the sell fibs today. Fib levels are real baby! P.S. A note from yesterday's trading....I took a loss of 800 pips yesterday (I tried twice and hit SL twice). I was pretty bummed about it and didn't post :( Won't be trading CPI tomorrow, because I feel I cant stack the probabilities in my favour! See ya Monday! 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
Intraday Levels for Nasdaq 100 Futures - 12/10/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini