NASDAQ 100 CFD
NasdaqI think we are in an ending diagonal within the primary 4th wave position. Inside of the larger intermediate ABC.
LTF daily chart looks like we have lost the lower TL of the ending diagonal in what should become an overthrow on the weekly TF.
Currently working on the Z wave which is the strongest wave of the WXYXZ pattern which usually sends the price up or down depending on whether or not the WXYXZ pattern is bullish or bearish.
After wave Z a strong reversal hits. This is what my chart implies.
Nasdaq100 in the face of a major resistanceNASDAQ100 index is facing a strong resistance around 12,200 (represented in the 50-EMA) after rebounding from the broader weekly downward channel's lower boundary.
A confirmed breakout of the mentioned static resistance, will open the door for further +5.61% bounce (685 points) throughout the week to 12,885 level.
Daily analysis and trade setups on NASDAQ 20220721NASDAQ is likely to consolidate between 12300 and 12700 levels unless PMI data or Friday golden hour breaks one of the sides
Blue level B & C as well as mega level Brown B are in play
Break below 12400 can go as low as 11950
Break above 12650 can go as high as 13060
Buy
Breaks: 12600, 12650, 12710, 12790
Reversals: 12460, 12375, 122215
Sell
Breaks: 12500, 12465, 12350
Reversals: 12700, 12815, 12910, 13030
Chart with Green Goblins here
Chart with confluence zones here
Daily analysis and trade setups on NASDAQ 20220721NASDAQ remains bullish above 12300
Buy levels
Reversals: 12390, 12200, 12160, 12040
B/O:
12520, 12590, 12700
Sell levels
Reversals: 12530, 12590, 12670, 12820
B/D:
12370, 12230, 12170
Macro news: Initial jobless claims
Green goblins are in this chart:
Daily analysis and trade setups on NASDAQ 20220720We are in a consolidation zone between 11989 and 12452. Break on either side and continuation will decide the next phase of the trend
Current short term bias is careful bullish
Buy continuation from 12250 for 12485, then 12600 and Blue level B at 12670
Also, buy reversals at 12150, 12915 and 12675
Sell rejections at 12485 or 12600 and, of course, Blue level B at 12670
Also, sell breaks and confirmation below 12200, 12910 and continue holding sales below that
Blue levels B, C, D , E, F in play today
Detailed green level chart is here >>>
NASDAQ 1W MACD Bullish Cross and 1D MA50 break-outThe Nasdaq (NDX) index is posting today a full 1D candle above the 1D MA50 (blue trend-line) for the first time since April 08. We are still inside the long-term Channel Down formation that started at the beginning of the year but with the 1W MACD making a Bullish Cross for the first time since November 2021, while the price has been on Higher Lows for a full month, there are more probabilities to be seeing the start of a long-term trend reversal.
On the short-term we should approach this in terms of MA break-outs. Right now the first target is the 1D MA100 (green trend-line), which sits naturally at the top of the Channel Down and rejected the price on the last Lower High in April 04.
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NAS100 USD NQ1! NASDAQ 2022 Jul 18 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 18 Week
Last week's rotation trading strategy was good // Rotation 11348 - 12262 (900pt range)
There's slight increase in bullish vol and reduction in bearish vol.
Apart from rotation strategy, preference, will be to long on retracement.
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
Weekly = Ave vol up bar close off high = minor weakness
Daily = Ave vol up bar close at high = minor strength
H4: Very high vol up bar, narrow spread followed by very narrow spread average volume
up bar = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442
12262 - 11348 rotation zone
11800 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NAS100 USD NQ1! NASDAQ 2022 Jul 11 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 11 Week
Last week initial boundary for rotation was set 11348 - 12262 (900pt range) when
the minor strength on all 3 TFs manifested in market testing recent high.
I will keep last week's scenario plan in place.
After last week's bullish effort, market may pause and test 11800 / 11348 levels.
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
Weekly = Ave vol up bar close off high - minor weakness
Daily = Ave vol up bar close off high = level close + narrower spread at higher vol
= weakness
H4: UHV up bar close off high = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442
12262 - 11348 rotation zone
11800 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NASDAQ hit the 1D MA50, 1st time since April 21.Nasdaq (NDX) hit yesterday its 1D MA50 (blue trend-line) for the first time since April 21 on a near June 27 High test, which is the current Resistance. We are basically expanding on our idea posted 3 weeks ago:
It may have taken a little longer, but the price resumed the rebound it has been making since the June 16 bottom, which is exactly when we posted the buy signal on the index. Technically that made the new Lower Low on the multi-month Channel Down pattern, and this rebound is the sequence towards the Lower Highs (top) trend-line.
The break above the 1D MA50 sets an automatic target on the 1D MA100 (green trend-line), which is where the previous Lower High of March 29 was priced. A break above the Channel Down but more importantly the Resistance level of May 04 (13590), can give us an additional buy signal towards the 1D MA200 (orange trend-line). Notice how the 1D RSI sequences of the past two rebounds are similar.
A 1W candle closing below the 1W MA200 should be enough to kick-start a sharp fall to the 1W MA300 (yellow line, scroll the chart downwards to see).
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NASDAQ: BULLISH FALLING WEDGE PATTERN.Hello traders, today I am gonna share a NASDAQ update with you guys. This is my first ever update on NASDAQ and I am super excited to share this valuable information with you all.
Timeframe: 1 Day.
Description: Nasdaq is the second-largest stock exchange in the world. Nasdaq, which is an acronym for the National Association of Securities Dealers Automatic Quotation System, was established in 1971. The US-based exchange is also the first-ever electronic stock market in the world.
Update: Back in Nov 2021, when NASDAQ hit its ATH at 16767, we saw some drastic fall on NASDAQ. A straight -33.6% drop in the last seven and half months. NASDAQ has been under the falling wedge pattern for a while and in the recent move when NASDAQ got rejected from the resistance level of 12200 (Lower High), it did not make any lower low level, rather the candle closed above the previous lower low level (11068). This could be a sign of trend reversal where the falling wedge will turn into a rising wedge pattern.
RSI: The RSI on NASDAQ has been below the level of 50 for quite a while. It has been constantly getting rejected from the middle level of the RSI keeping NASDAQ under the oversold area.
Conclusion: If NASDAQ manages to reverse the trend then I expect a bullish rally to start soon. I am expecting a 60% rally if NASDAQ breaks above the resistance level. The yellow-colored lower trendline will be the invalidation point for NASDAQ.
Note: This chart is completely based on technical analysis. It is not a piece of financial advice. So, do your own research before investing.
What are your views on NASDAQ? Do you think NASDAQ is ready to make a bullish rally? Let me know your thoughts in the comments.
I hope this idea will be helpful to you. If you agree with this idea then do like and comment.
Thank you.
Last month of correction ?But in the Nasdaq monthly chart, there have been 6 months when every new candle is opened, we have a little high and it goes down again... This happened until the two Ichimoku averages cut each other and after that they stabilized.. I think this monthly candle of July will be the same way and we will see the opposite of this situation from the next candle... it will go from the bottom and back of the market.
So, we have to wait at least one more month to see the end of the overall market correction
Last month of nasdaq correction in July The triangle that I included in the previous analysis (contraction triangle) was replaced by a neutral reverse triangle, which was more logical because the post-pattern movement of a contraction triangle should have been a sharp drop, which is really unlikely to happen here. This neutral triangle is weaker and is more suitable for forming the last branch of the correction.
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week - Use This
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week
Last week NQ Scenario1+3 played out well for shorts and longs.
- Minor strength displayed on all 3 TFs
- Descending narrowing wedge
??Is the bottom near??
Possible scenarios:
1) If market rotates = rotational play strategy, i.e. trade at boundary of range
2) & (3) = Behavior change scenario
4) <10000 = Devious scenario of hopelessness before market bottoms
Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength
Daily = Ave vol up bar close at high = minor strength.
H4: Indecisive - Effort no Result for shorts = minor strength
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12906 12442 11348 11068 10359
<10,000 break of psychology support
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
Simplicity is the ultimate sophistication.Simplicity is the ultimate sophistication. — Leonardo da Vinci
* None of what i write here is not an investment advice. Please do your own research before investing in any asset.
* Never take my personal opinions as investment advice, you may lose your money.
Nasdaq 100 - A fake rally or a genuine one? On 21st June 2022, we abandoned our short-term bearish bias on the Nasdaq 100 index. Since then, the index has grown approximately 8%. However, we are again slowly turning bearish on the index as we think the current pricing starts to be attractive for short trade (re)entry. Despite that, we remain cautious and abstain from setting a price target for NQ1!. We will monitor the ability of NQ1! to stay above/below its 20-day SMA.
Fundamental factors
The negative factors like higher interest rates and economic tightening continue to persist. Moreover, in our opinion, these factors are poised to worsen as the FED officials are set to pursue more rate hikes and shrink the balance sheet. As a result, we expect that to drag the Nasdaq 100 index lower.
Illustration 1.01
The price retraced toward its 20-day SMA, representing a downtrend correction.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are bullish. DM+ and DM- performed a bullish crossover. The ADX contains a relatively low value, suggesting the trend is very weak or neutral. Overall, the daily time frame is bullish.
Illustration 1.02
Illustration 1.02 shows simple support and resistance levels for NQ1!.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame stays bearish.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.