🚘 Tesla Highest Daily Volume In 2 Years, Lowest Ever RSI +MoreWe have two strong signals that can favor the Tesla bulls.
The first one is the volume mentioned in the title.
In the last days of December, 28 and 29, the TSLA stock saw its highest buy volume in two years.
The last time this much buying happened was 17-December 2020... A long bull market followed.
We have another interesting signal in the form of an oversold RSI.
The TSLA stock hit its lowest level ever on the RSI.
A low of 16.5 was hit.
The previous record low on the RSI was set 10-February 2016 and this marked a bottom.
A 6 year long bull market followed.
Now, these are strong signals but the chart structure is not the same.
The market conditions are not the same.
We cannot expect a bull market to develop based on such little data but, we can expect a bounce at least or a relief rally to show up before any additional blood.
This is not financial advice.
You still need a plan to trade.
Make sure to do your own research and always hit Boost & Comment! 🚀🤗😄👍
Thanks a lot for your continued support.
Thank you for reading.
You are appreciated... Now & Always!
Namaste.
NASDAQ 100 CFD
Breakdown analysis Nasdaq 22/03/2023Dear traders Nasdaq still in bullish trend he retest the wick of daily previous candle and it may rejected this area so as I said in my instructions we should look for sell under 12736 and we should look for buy above 12763 trade safe and good luck
TSLA – Short term upsideTSLA's stock price has been characterized by a high degree of volatility, with significant price swings occurring over short periods. From a technical analysis perspective, TSLA's long-term trend has been upward, with the stock price increasing from around $20 per share in 2013 to over $1,000 per share in early 2021.
In November 2021 the stock price started a corrective trend that has been maintained until today. The low of the move was reached on the 6th of January 2023 at around $101 dollars per share. Since then the stock price jumped higher, made a correction that retraced nearly 50% of the move and afterwards it continued the trend (up).
The highest probability scenario for this stock is to move to the upside and reach the trendline marked on the chart. However we must point out that, tomorrow we have a big news event (FOMC meeting, interest rate decision) that may send the stock to the downside if the rate decision will hammer the whole stock market. The stock is very sensitive to the macro environment .
Trade with care.
NASDAQ This trend-line is holding the uptrendNasdaq (NDX) has been rising since the March 13 Bottom on a Higher Lows trend-line and is near Resistance 1 (12750). The RSI is also on Higher Lows. If that trend-line breaks, which is highly likely with the upcoming Fed volatility tomorrow, we expect a test of the Symmetrical Support (12205) and the 1D MA50 (blue trend-line), before a new rebound that will test Resistance 2 (12895).
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NASDAQ Rising on the 1day MA100 targeting 14000Nasdaq/ US100 is rising after a rebound on the 1day MA100 and is approaching the 12750 Resistance.
The long term pattern that is being formed could possibly be a Channel Up.
We expect a +20% rise as the first bullish leg of this Channel. Target 14000 long term.
Previous chart:
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NASDAQ Short term buyNasdaq is using every Low of the downtrend as Support for its uptrend since March 10th.
The Rising Support hasn't broken since then.
Trading Plan:
1. Buy as long as the price is over the Rising Support.
Targets:
1. 12750 (Resistance 1).
Tips:
1. The MACD (4h) made a Bear Cross. Every such rcent formation has caused a drop.
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Nasdaq -> Time To Start The RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is looking insanely bullish. We just recently created a weekly double bottom and already broke above the neckline, confirming this whole pattern.
You can also see that we are already starting the continuation towards the upside, in my opinion there is a quite high chance that we already saw the bottom of the bear market so from here I just do expect more continuation towards the upside.
On the daily timeframe you can see that Nas100 just recently also created a daily double bottom so I am now just waiting for a retest of the neckline and then also the next push on the daily timeframe.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
No one is safe when the floor falls out!UBS buys Credit Suisse, central banks liquidity provision, and a massive repricing in rates marked a significantly volatile week. As the storm of bank contagion continues to brew, one index in particular is trading unlike the others!
We’re talking about the Nasdaq here.
Trading higher while its peer indexes get beaten down in a somewhat unusual fashion.
Another way to look at it, since this February, S&P500, Dow Jones & Russell 2000 is down 5%, 7% & 13% respectively, while the Nasdaq is pretty much flat.
In one of our previous posts, we highlight how the ratio of Nasdaq/S&P500 topped higher than the 2000s Dot-com bubble.
While the ratio traded lower after we covered it, this recent move basically put the ratio back to the level when we first highlighted it. The ratio also traded cleanly off the .236 Fibonacci line and the trend support. With the ratio now at the previous resistance level, and extended from the trend line, this could present another opportunity to consider a short.
Interestingly if we use a Logarithm y-axis, the upward trend of the ratio becomes clearer.
Here, we see all 3 ratios at critical resistance levels and away from the long-term trend.
While it’s a bit challenging to pinpoint the exact reason, we think the chorus of lower target rates and more cuts priced in has propelled the possibly interest rate-sensitive benchmark higher. But, when the floor falls out, it doesn’t matter if you can jump the highest! We think the current springboard for the Nasdaq Index can only take it so far and here’s why:
If a true contagion event does play out, then the sell-off is likely not going to discriminate. And looking at the 2000s period, Nasdaq continued to tumble while the fed paused and cut rates.
Of course, we’re not blind to the fact that the 2000s was a whole different era and the crisis was driven by a tech bubble, so the Nasdaq would of course, face a larger correction. Our point here is to highlight that in a true contagion event, sell-offs do not discriminate.
On the flip side, if a contagion event does not play out, the Fed is still faced with Inflation which has been way above its target. Not forgetting the Fed’s dot plot terminal rate at 5.1% and a hawkish Fed chair just days before the SVB bank collapse, if the coast is clear of any banking crisis then the path for further rate hikes or holding rates higher for longer could come back into play. Both of which could trigger a repricing in the Nasdaq.
Given the opportunistic setup in all 3 index ratios, it is possible to establish a short on any of them.
Using the Nasdaq Futures and S&P500 Futures as an example we could:
- Short 5 Nasdaq 100 Futures
- Long 2 S&P 500 Futures
In this trade set-up, the dollar value of the two legs of trade will remain equal, despite the direction in which the Nasdaq or S&P moves. If NQ future moves by 1 point, the short leg of the trade (5 lots of NQ futures) would change by 100 USD. So does the dollar value in the long leg of the set-up (2 lots of ES futures). The same setup is possible with the Micro Nasdaq and S&P500 Futures as well, whereas in the latter case, the 1-point move is equal to 10 USD instead of 100 USD. Trading this spread would be eligible for a margin offset of up to 70%, meaning that the capital required to set up this trade is much lower.
The charts above were generated using CME’s Real-Time data available on TradingView. Inspirante Trading Solutions is subscribed to both TradingView Premium and CME Real-time Market Data which allows us to identify trading set-ups in real-time and express our market opinions. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
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The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description.
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NASDAQ BREAKDOWN ANALYSIS 20/03/2023dear traders nasdaq was up trend for last 2 days so it may be new correct for this move so folow my instruction in chart and respect the zones price must react from them i hope you catch the good one
trade safe
NDX - Breakout Falling Trend [MIDTERM]- NDX has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate.
- NDX has given a positive signal from the double bottom formation by a break up through the resistance at 12000.
- Further rise to 13400 or more is signaled.
- NDX has support at 12000 and resistance at 13000.
- Overall assessed as technically slightly positive for the medium long term.
Verify it first and believe later.
WavePoint ❤️
NASDAQ: Buy the pullback, Megaphone broken.Nasdaq turned bullish on the 1D time-frame (RSI = 59.763, MACD = 98.270, ADX = 26.689) as it crossed aboev the former Bearish Megaphone of February. With the 4H RSI on an HL trendline as well as the price action, we are looking to buy into a pullback on the 4H MA50 and target R2 straight (TP = 12,900).
Target hit on our previous Buy signal:
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NASDAQ flipped the Bear Cycle and the 1D MA200 is now supportingNasdaq (NDX) rebounded yet another week on the Bear Cycle Lower Highs trend-line and has recovered all the losses of the previous three. On top of that, this is the 7th straight 1W candle close above the 1D MA200 (orange trend-line), which as you see on this 1W chart, it was been the Resistance during the 2022 Bear Cycle, having closed all 1W candles below it since January 17 2022.
The 1D MA200 is now the Support once again, as it was during the 2020-2021 Bull trend and especially the last four 1W candles have been supported tightly. With the 1W RSI on Higher Lows since May 16 2022, basically an early signal of the current trend-change, we can claim that the new Bull Cycle has just only started.
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vix 8 hour chart another 150% spike in April?Hello traders, today let's review VIX 8hour and daily chart .
Is it possible that another 150% burst is in the making now?
Entirely plausible, in fact based on advanced XABCD setup
the current pullback/correction might be over near 15/16.00
later in April. Based on time/price symmetry point C of
the XABCD pattern structure might come in at 15/16.00
sometime in April 2023.
The pattern is defined by point X at 33.00, point A at18.50,
point B at 30.00, expecting point C print at 16.00 and point
D print at 38.00, based on 127 extension.
Recommended strategy: buy calls / write puts once
we land near point C near 16.00. this is a higher risk
entry strategy, so always do your own due dill and
use other indicators to confirm the entry. good luck!
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Past performance is not indicative of future results.
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$NDX looks good, better than $DJIRecently we made a post on how $NDX would outperform $DJI being it lacked #banks & #oil & it has done this.
As we have stated for some time, we're still CAUTIOUS BULL on the #stockmarket. Even after this latest fiasco.
CAUTIOUS is the key word.
Daily $NDX broke channel to upside AND longer term downtrend!!!!!!!!!!!!!!!!!!!!
Weekly chart shows #NDX holding above the weekly moving avg's & there was a bullish moving avg crossover, yellow circle, & has held.
12900 is an important level for #NASDAQ 100. Breaks that 13700 is next target.
$DJI looks okay. It held well until recently. It is close to forming a bearish crossover but we'll see. IMO likely not. While #DJI is much weaker as a whole cherry picking individual #stocks on the index should be okay. We stated $MSFT $AAPL have done well & newbie $AMGN & $VZ for yield.
#msft #aapl #amgn #VZ
NASDAQ | ALL EYES ON BULLSDespite negativity on banking system default. NASDAQ is on the move with bulls printing new high everyday.
Technically speaking, US100 is trading in bullish flag with the breakout target comes at 15000. But we will move step by step. The upcoming resistance comes at 12900 which is horizontal level.
Previously, NASDAQ printed triple bottom around 10650 where the neckline comes at 12100. The target of triple bottom comes at 13700.
All signs shows strong bullish momentum. Any dip will be buying opportunity with appropiate stoploss.
Let us know what do you think of the idea?
RESET PINS AND PREPARE FOR STRIKES XXXNDX is at a critical inflection point
It is testing the 200 Day EMA and based on comparison to prior price patterns, it will likely fail.
This will trigger the next phase of this correction
I predict a few more strong days for NDX to trap the bulls, and then the pins will reset for the aggressive downturn.
I estimate the bottom will be July 2023.
Not financial advice.
Good luck
NQ with TLT overlayRemember that divergence between TLT and NQ I was talking about a couple of weeks ago? It's now closed, lol.
Long term bonds went up because of bank fears. Oddly, I think that's why tech is rallying, nevermind that yields are going down because banks are tanking.
What a strange market. Tough to trade.
Also, rate inversion makes sense if banks tank, so I am not shorting TLT any more. Gold exploded as well.
NASDAQ still has NIKKEI bubble biasNasdaq remains neutral on both the 1D and 1W time-frames (RSI = 53.821, MACD = 70.300, ADX = 31.405). The failure to cross boave August's High maintains the Nikkei bubble comparison that we posted a few months ago. As you see this Nikkei fractal since 1970 that led to the Bubble burst 1990 matches almost perfectly Nasdaq's price action from the 2008 Bubble until today. In order to invalidate this and a second year of Bear Market, Nasdaq needs to cross above the 13,800 August High and make a Higher High. Will it succeed?
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$NDX posts impressive rally! $DJI pumps but OIL & BANKS holdDidn't get the bottom but got most of this intraday rally.
Went green & we covered all exposure done today.
Very nice day!
Could rally more but WE ARE DONE.
Going to park in a few to hang out with the girls.
$TQQQ $UDOW $COIN#UDOW #TQQQ #COIN #stocks #trading
NASDAQ Bullish Flag and MA200 (1w) leading to 13600 by MayNasdaq found support on the MA200 (1w).
It is waving a Bullish Flag inside a Channel Up pattern.
All Fibonacci levels have formed Resistance levels that are filled one after the other.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13600 (on Fibonacci 0.5, the next in line after 0.236 and 0.382 got filled). This is also the August High.
Tips:
1. The RSI (1w) is on a Rising Support, currently supported by its MA too.
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