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NASDAQ 100 CFD

QQQ - A relief rally about to get prolonged or not?QQQ continues to enjoy the relief rally, which might get prolonged if the short-term resistance is penetrated to the upside. However, if that occurs, we will pay close attention to the price and if it manages to close above the mentioned level. In addition to that, we think that if the rally continues further, it might present itself with a good opportunity for short trade (re)entry. Therefore, despite the ongoing rally, we remain bearish on QQQ, and our price targets remain 295 and 290 USD. Illustration 1.01 The picture above shows QQQ on the daily chart. A white horizontal line indicates support from 5th March 2021. Technical analysis - daily time frame RSI shows some relief; however, its bearish structure remains intact. MACD and Stochastic also remain bearish. The same also applies to DM+ and DM-. ADX does not show a significant drop, which indicates that the bearish trend is still not losing momentum. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish; ADX grows. Overall, the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
NASDAQ Channel Down bottom but attention as the 1W MA200 awaitsThe Nasdaq (NDX) index is very close to the Lower Lows (bottom) trend-line of the Channel Down pattern that started the late December correction. Technically, as long as the Lower Lows line holds, we may see either a +10% rebound (as with the January 24 low) or a 0.618 Fibonacci retracement level rebound (as with the March 14 low). That gives us two medium-term targets (13400 and 14000 respectively) depending on your risk tolerance. However, a 1D candle close below the Lower Lows, can be enough to extend this long-term selling towards the 1W MA200 (red trend-line). The last time this trend-line got hit (and offered Support) was on March 23 2020 (and that was on the futures), which made the bottom of the COVID market crash. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
NASDAQ:NDXLong
by TradingShot
8
The GAP Gives It Away | NasdaqWe have different signals to look at on the Nasdaw (NDX) chart. We looked at the SPX and DJI, each has its own signal that support a continuation of the bearish correction, here we have new ones. First, let's start with the "Hanging man". This is the candle that showed up on 2-Feb. 2022. This is a bearish candle. To make things worse, the day that followed we have a "falling window" or "GAP" as prices for the NDX opened much lowered compared to the previous day low. All in all this is highly negative, the candle opened below EMA10 which supports the other signals. Conditions for change If the NDX moves up resistance will first be found at the falling window. The final resistance is at the "hanging man's" high (upper shadow). If this level is broken, these signals are invalidated. Any trading below these levels and the bearish bias remains strong. Are we going down this very same week? That's my believe based on the chart. What's your take? Leave us a comment. Namaste.
NASDAQ:NDXShort
by AlanSantana
3
QQQ - Nasdaq 100 is poised to move substantially lowerWe continue to be bearish on QQQ. Because of that, we would like to set a new short-term price target for QQQ at 310 USD. We would also like to set a medium-term price target of 305 USD. Technical analysis - daily time frame RSI is neutral. MACD and Stochastic are bearish. The same applies to DM+ and DM-. ADX reflects a strong downtrend. Overall, the daily time frame is bearish. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. ADX grows which is bearish. Overall the weekly time frame is 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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:QQQShort
by Tradersweekly
NASDAQ 100: We Have Found the Bottom!NASDAQ 100 has been in a downtrend for the last couple of weeks. This has caused a lot of stock to retrace. As of now we are at the bottom of the Ichimoku Cloud on the Weekly chart. We have perfectly formed a bottom on the Ichimoku Cloud and respscted it as support for three weeks. This level is what is holding up the NASDAQ 100. We have also formed a resistance confirmed by the EMA Ribbons. I am currently looking out for a daily close above 14080 to confirm any bullish price action. As long as we are under 14080 the NASDAQ has a tendency of breaking below the major support of the Ichimoku Cloud. This scenario is highly unlikely due to the fact that we have a red 9 on the TD-Sequential which indicates that we are at or near the bottom. We also have a bullish divergence on the CM_Ult_RSI which is a good signal of reversal. Look for a breakout of the 1st EMA Ribbon (14370) and a short term rejection of the second EMA Ribbon (14750). If the 1st EMA Ribbon gets mounted as support the NASDAQ will be looking extremely bullish. *WARNING* This thread is not financial advice. I am not a financial advisor. Thank you for reading.
NASDAQ:NDXLong
by Patriick2jz
10
NASDAQ It is now or never for tech.Nasdaq (NDX) has been trading within a Falling Wedge since its All Time Highs and contrary to the last analysis, it broke the 1W MA100 (red trend-line) and almost hit the bottom (Lower Lows trend-line) of the Falling Wedge. As long as this holds, we can expect a rebound towards the Lower Highs trend-line (top) of the Wedge and more specifically the 0.618 Fibonacci retracement level, which formed the previous Lower High and is currently around 14300. Notice how potentially, it could meet with the 1D MA100 (green trend-line) there. The 1D RSI seems to be bouncing off the Pivot. If on the other hand the Lower Lows trend-line breaks, the next Support level is the 12200 low of March 05 2021 but we doubt it will hold on panic selling and the hidden targets will be the -0.236 and -0.382 Fib extension at around 12115 and 11745 respectively. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
U
by TradingShot
4
Nasdaq Possible FormationHere we see the formation of an imperfect plate with a minimum target of 138.2% of the B wave and a maximum target of more than 161.8 B wave, which will actually be a drawn flat C. Since the flat C is most likely part of a triangle, we have to wait for the formation of the next components of a triangle. Due to economic conditions, we can not expect the formation of strong contraction triangles. Of the 18 types of triangles available, reverse triangles can be Contraction and reverse expansion thought. One of the most pessimistic scenarios is drawn in the figure, in which case we will not see a new ceiling in the market. In the case of forming a neutral contraction reverse triangle, the previous or slightly higher ceiling will eventually be formed.
TVC:NDQ
by NEOVOLUME
Nasdaq100 what now episode 15"This week, the trading plan still remains the same. Little tweak though. Firstly, know the over-all direction. For this one—my best bet is downwards. honestly, the weekly looks more confused as ever. There’s a possibility that we might get a higher-low but until that’s established, I’ll be taking my sells. Secondly, Marking major HHs/HLs and LHs/LLs. Looking to see rejections on the daily to give me a signal as to what these bears are really doing. Then for the time-frame task, The weekly and daily: directions, The hour 4: rejections, the 15 minutes: entries. Then I wait for them confirmations and execute! Hope that goes well? ".. My Trading plan for last week. Did that go well? Yes sir! Listen—I feel like all my year and the half of trading Nasdaq100 “professionally” last week has been my best so far. There’s one thing I realized though, That is: Follow your plan. Look, you got a plan? follow that guy. Don’t change nun ‘in.. Just—follow! I noticed how much that sky-rocketed my performance. Honestly, Nasdaq100 this week, we might all just be going for a funeral. “Why?” You’re probably wondering, Well, did you see how it ended. The lady dropped like 3% from last week. Close to 2,ooo points or more. The Nasdaq100 is currently at 13319 (as I write this) and I don’t even think we’re done. You know that Inverse head and shoulder that showed up? Destroyed! The weekly time-frame presently is currently looking to get past the previous Lower-low at (13319) The next level—13,000 isn’t far-fetched. The daily 0% fib level at 13079: isn’t as well. The bears are really wilding. The CBOE NASDAQ100 VOLATILITY INDEX is real bullish now! Dude is almost at 37 points. Imagine going to 40, where do you think the Nasdaq will be? Look at this picture, tell me what you see: for me, A broken possible bullish structure. A double top with new lower-highs and a possible continuation to create a new lower-low. Screaming “BEARS”!!!.. Monday was all chill, I mean there wasn’t any news. Funny how we got a pin-bar on Monday on the daily time-frame. The bulls came in for a bit. No news release; No crazy movement. However, this all went left on Tuesday, April 19th, 2022. By 13:30, we got the Building Permits which turned out positive with a 1.873M reading. That brought the bulls in. We all thought: “Finally the bulls are back”. Uh! too soon. Wednesday, 20th April, 2022 appeared mixed after a negative Existing home sales with a 5.77M reading and a positive Crude oil inventories by 15:30 with a -8.02M reading. The daily left a rejection candle after that. Coincidence—Uh! maybe not. Furthermore the dreadful Thursday. I called it that because you seriously need to see it’s reaction. The bullish tables flipped. Them legs got broken, shattered into a million pieces. Even started getting termite holes and stuff. The bears came in growling after the negative Initial Jobless claims with a 184K reading by 13:30 as if that wasn’t enough, the Philadelphia Fed Manufacturing Index also turned out negative with a 17.6 reading. Less than 3-hours after came the Fed news. Twice! Look the market bled. Never seen in years. The Nasdaq100 screamed but I don’t even think any-one cared to listen. Shii! we all were trying to make some buck. On Friday, That was just a continuation. The bears continued and now looking to create another lower-low. What’s my plan? Same old. Weekly and Daily: Directions. I mean since we’re really bearish now, I might as well keeping looking for sells. As long as, we don’t pass the previous Lower-high at: 13700 (4-hour lower-high) I’m selling. So, I’ll be looking for new highs on the 4-hour. Then, I’ll be going to the 15 to look for entries. Let’s see how that goes. Don’t miss my streams though! Nasdaq100 High Impact News For 25th-29th Of April, 2022 You’re probably wondering, “what should we expect?” Don’t worry—I’ll tell you. This week, as usual, The Monday is free from demons. Tuesday however, This is where all the madness starts. The 26th April, 2022 by 13:30, We’ve got the Core Durable Goods Order. This measure the change in the total value of new orders for long lasting manufactured goods, excluding transportation items. A higher reading indicates increased manufacturing which is bullish for the USD. Also same day; different time. By 15:00, we’ve got the New Home Sales. This measure the annualized number of new single family homes that were sold during the previous month. P.S: This particular repot tend to have more impact when it’s released ahead of existing home sales because the reports are tightly co-related. However, a higher reading is bullish for the USD. Same time, doesn’t end. Y’all be mindful of Tuesday then. We’ve got the CB Consumer’s Confidence. It measures the level of consumer’s confidence in economic activity. A higher reading=Higher consumer’s optimism which is also bullish for the USD. Wednesday April 27th, 2022. By 15:00, The Pending Home Sales. It measure the change in the number of homes under contract to be sold but still awaiting the closing transaction, excluding new constructions. A higher than expected is bullish for the USD. Same day; different time. By 15:30, Crude Oil Inventories.😒(again?) Anyway this guy, we all know what he does. A higher reading is weak for the USD. Therefore, bearish. The level of inventories influences the price of petroleum products, which can have an impact on inflation. Finally, Dreadful Thursday. The 28th of April, 2022 by 13:30, we’ve got Initial Jobless Claims 🤦‍♀️(Y’all already know, I’ll just repeat) This measure the number of individuals who filed for unemployment insurance for the first time during the past-week. A higher reading than expected is bearish for the USD. Same time, The GDP—The gross domestic product, measure the annualized change on inflation-adjusted value of all goods and services produced by the economy. Listen, it is—this is the primary indicator of the economy’ health. If the actual is greater than the forecast, it will be Bullish for the USD. Be sure to read all, stay safe, and make that buck.
OANDA:NAS100USD
by lazyluchi
9
NAS100 USD NQ1! NASDAQ 2022 Apr 25 week NAS100 USD NQ1! NASDAQ 2022 Apr 25 week NQ took on scenario 2 and travelled quite closely to our planned path from last week's analysis If no exceptions, market should attempt 13100 region. Wait for price reaction to these levels before attempting entry. Possible Scenarios mapped out: 1) Price finds support at the 13025 - 13300 region and attempts for 15160 (the 13100 - 15160 rotation structure) 2) Price breaks 13025, retraces to test demand, and continue on a breakdown. Weekly = Ave vol down bar closing at low = weakness Daily = High volume down bar closing at low = weakness H4:Average vol down bar closing at low = weakness Price reaction levels: Short on Test and Reject | Long on Test and Accept 16767 16481 15992 15492 15160 14391 13881 13666 13025 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
2
NASDAQ Approaching the 1W MA100 Support. Buy Signal.Nasdaq (NDX) saw a strong 1D candle rejection on the 1D MA50 (blue trend-line) yesterday following Jerome Powell's comments on a potential May hike of 50 basis points. Technically this has been the 6th rejection on the 1D MA50 in the past 7 trading days and naturally it created a Lower Low on the medium-term. This time the long-term trend-line are coming to center stage again as the 1W MA50 (red trend-line) is right below at 13431 and rising. During the recent "war correction" this level provided Support on Feb 24, March 08, 14 and 15. With the 1D RSI still on Higher Lows, and the Ichimoku well into the green zone, I expect the 1W MA100 to hold and target on the short-term the 1D MA50 and on the medium-term the 1D MA100 (green trend-line). As you see, the 1D MA100 along with the 1D MA200 (orange trend-line), rejected the price on April 05, the last Lower High of the Falling Wedge pattern, which is the dominant pattern since the All Time High of November. Basically the 1D MA100 is moving parallel to the Lower Highs of the Falling Wedge. We can only expect further rise on the long-term, if the price breaks above the 1D MA200 and the 0.618 Fibonacci retracement level. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
ULong
by TradingShot
9