Nasdaq100
Lazyluchi Trades Nasdaq And Gold EP1It's been quite an eventful journey these past couple of weeks. On October 2nd, I shared my trading setups for Gold and Nasdaq100, and it's been an interesting ride ever since. Gold, although a relatively fast-moving pair, and Nasdaq100, which has its fair share of consolidations, have given me plenty to talk about. In this video, I want to share why I took these trades and why I believe they've been successful, both for Nasdaq100 and Gold.
Let's start with Gold. This precious metal has been nothing short of amazing for me, especially due to its swift price movements. Over the past seven days, I've had the opportunity to enter both buy and sell positions, and I'm thrilled to say that all of them have hit their target profits. Gold's ability to deliver these results in such a short span is a testament to its dynamic nature and the excitement it brings to the trading table.
As for Nasdaq100, it's been a bit of a slower ride. I've been holding onto this trade for a full 12 days, taking partial profits along the way. Nasdaq100 is notorious for its consolidations, which can make traders impatient, but I can't deny that it has followed through with my initial plan. While the journey has been less thrilling than Gold, it's essential to appreciate that, in trading, not every trade will be a rollercoaster ride.
But if I had to choose between the two, I'd say I've developed a soft spot for trading Gold. This week, I've marked my resistance levels at 1948 and 1987 – areas where I'd look to initiate sell positions if there's a rejection. Gold has been locked in a trading range, never quite surpassing the 2047 mark for a considerable period. This consistent back-and-forth pattern provides a captivating trading experience, and one thing I've come to admire about Gold is its swiftness in alerting you to any potential wrong moves. It's as if it has a way of saying, "Hey, you might want to reconsider."
Now, shifting our focus back to Nasdaq100, I'm still holding onto the trade. The market's indecisiveness has led me to take partial profits, as it hovers within its consolidations. My eyes are fixed on two critical levels: 15547 and 15688, where I'd consider initiating sell positions in the event of rejections. However, if these levels are breached, it might open the door for more buy opportunities, with a potential target at 16524. It's a carefully thought-out plan, and the market's response will determine the next course of action.
It's been an exciting and challenging journey over the past 12 days, juggling between Gold's dynamic moves and Nasdaq100's slower but steady path. Wishing you all an enjoyable weekend
(nasdaq wekly)
(gold weekly)
Double Zigzag ? Wave 4!!!!!Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
The NASDAQ Index Officially Enters CorrectionThe decline to current levels from the peak of the top of the year, set on July 19, exceeded 10%, which is generally considered to be the trigger for the start of the correction. According to statistics, this is the 70th official correction since the index was created in February 1971.
Despite the positive report from Microsoft, the bearish dynamics of the NASDAQ index were determined by the decline in shares of Tesla and Google, as well as the rise in the yield of long-term treasury bonds, which increased the cost of borrowing.
Futures for the NASDAQ index are declining amid falling META shares. How strong can the correction be? According to the Dow Jones Industrial Average for the last 20 corrections:
→ it took Nasdaq an average of 3 months to improve its performance;
→ after 1 year, the index added an average of 14.4%.
Time will tell how the correction that has begun will fit into the statistics. The chart shows that the median line of the downward channel, shown in red, is already exerting pressure, as can be seen from the price action on October 24th.
So far, the index price is close to the lower boundary of the ascending channel, shown in blue, which describes the prevailing bullish trend; within its framework, the NASDAQ price was able to rise by more than 45% in less than 7 months this year. So the correction looks really appropriate.
In the near future, we may witness the formation of fluctuations caused by the support of the lower border of the blue channel and the current bearish sentiment. Growth may be resisted by the level of 14,460, which acted as support in September.
The AAPL report (expected next week), as well as geopolitical news, will have an important impact.
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NASDAQ Price Trends Analysis: Identifying Overvaluation Periods The NASDAQ, one of the most closely watched stock indices globally, is often characterized by its volatility and tendency to be influenced by tech and growth stocks. In this analysis, we will examine three key elements: periods of overvaluation represented by "circles," the potential presence of hidden bullish RSI divergence in green, and bearish RSI divergence in red.
2. Overvaluation Periods:
The "circles" in the NASDAQ context may be interpreted as periods when stock valuations are likely to be overextended. Investors, driven by excessive optimism, may push stock prices to unsustainable levels relative to underlying company fundamentals. These overvaluation periods can be attributed to various factors, including irrational market enthusiasm, speculative bubbles, or favorable macroeconomic conditions.
To identify these periods, a graphical analysis of NASDAQ price movements, highlighting significant price spikes or speculative bubbles, can be valuable. The goal is to identify moments when price trends significantly deviate from the overall trajectory.
3. Hidden Bullish RSI Divergence in Green:
Hidden bullish RSI divergence in green on the chart can suggest potential improvement in the underlying market strength, even when prices continue to decline or remain stagnant. This situation could imply a possible trend reversal to the upside.
4. Bearish RSI Divergence in Red:
Bearish RSI divergence in red on the chart may indicate potential weakness in the upward trend, even if prices continue to rise. This can signal a potential trend reversal to the downside.
5. Conclusion:
In summary, the NASDAQ, as a major stock index, experiences significant fluctuations. "Circles" may indicate overvaluation periods, while hidden bullish RSI divergence in green and bearish RSI divergence in red can signal potential opportunities for trend reversal. It is essential for investors to closely monitor these indicators and incorporate them into their decision-making processes.
However, it is important to note that stock market investments come with inherent risks, and no technical analysis can guarantee success. It is highly recommended that investors consult with qualified financial advisors before making investment decisions.
This analysis is provided for informational purposes only and does not constitute financial advice. Past performance is not indicative of future results, and stock market investments carry risks.
Zigzag For Wave Four!!! Or Turning MarketGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
US 100 INDEX. THREE WORDS THAT YOU SHOULD KNOW - LET'S GO DIVINGThere are looming risks that could "break" the US economy and end its current growth cycle.
Third-quarter GDP estimates are tracking above 5% and the US economy has added more than 2 million jobs year-to-date.
But there are three looming risks that could "break" the stock market and economy and end its current growth cycle, according to a Tuesday note from Ned Davis Research. These are the three risks to consider.
1. A resurgence in inflation
Inflation has made progress in trending towards the Federal Reserve's long-term 2% target after CPI peaked at about 9% last June, but any resurgence in rising prices would threaten the trajectory of the Fed's current tightening cycle.
2. The 10-year Treasury yield is around 5.00%
The 10-year US Treasury yield has surged so far this year, hitting a 16-year high of 5.02% on Monday. A further increase in this key benchmark rate would spell trouble for the broader economy, specifically if the yield breaks above the 5.25% level.
The 5.00 - 5.50% yield range TVC:TNX was an important double-top in 2006/2007, and also represented the peak policy rate of that tightening cycle.
So perhaps we wouldn't take a break of that level lightly.
Higher interest rates increase borrowing rates for consumers and businesses and often curtail demand, leading to slower economic growth, if not a contraction in growth. The 10-year US Treasury yield was at 4.86% on Tuesday.
3. Credit conditions deteriorating
So far this year, the bond market has been more concerned about interest rate risks than credit risks.
Technical graph below for US 100 Index NASDAQ:NDX says that main 125-Day SMA support has been broken as well as major upside trend, and technical figure known as "Head and Shoulders" is in progress right now.
$NQ! Close to support. Now what ?I closed my short position on Friday.
There is a little more room for downside, but we are basically on support.
I will follow a wait and see apporach today and tomorrow.
Top of the wedge will be the target if some market strength returns.
If we break support to the downside, a failed retest of the breakout line will be a good place to short. I am cautious in the medium term and will remain nimble.
Geo political instability and rising US treasury yields not doing markets any favours.
We also need to keep an eye on oil prices.
NASDAQ to see a temporary move higher?US100 - Intraday
Levels close to the 61.8% pullback level of 15365 found sellers.
There is no clear indication that the downward move is coming to an end.
A Fibonacci confluence area is located at 14546.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 14955, resulting in improved risk/reward.
The medium-term bias is neutral.
We look to Sell at 14955 (stop at 15055)
Our profit targets will be 14705 and 14655
Resistance: 14955 / 14995 / 15348
Support: 14636 / 14546 / 14445
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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#NASDAQ last chance --------------NASDAQ/NDX/USTECH100-------------
Amidst tensions there is one final hope indexes can turn around and continue their route to the upside instead of biting the dust. Now or never I would say. If current support levels don't hold price, nothing will and we will see more downside movement. Based on that I closed my hedge position and if it proves to be true that price cannot fall beyond these levels I would consider to add to long position.
This is not a financial advice, do your own research and analysis.
#NASDAQ to the upside------------NASDAQ/NQ/USTECH100-----------
I just went long on Nasdaq index and looking for further upside movement. From fundamental point of view I can say investors expect no more rate hike this year or in the near future. War news outside the US does not really affects this market. From technicals I can see a higher chance to go upside rather than downside at the moment. Weekly level can be the first target here (blue line).
This is not a financial advice, do your own research and analysis!
NAS100 Technical analysis and Trade Idea US100In this video, we conduct an in-depth analysis of the NAS100. Taking a close look at both the weekly and daily timeframes, we can see the emergence of a prominent topping chart pattern characterized by a sequence of lower highs and lower lows, prominently visible on the US100 daily chart. In this video, we delve into various facets of technical analysis, including the prevailing trend, price action, and market structure. We also explore a potential trading opportunity. As always, it's crucial to emphasize that the content presented is solely for educational purposes, and it should not be construed as financial advice.