NASDAQ 100 CFD
NQ1!, Going Strong into the EarningsThe market is holding well above the most aggressive trend line originated back in May. The structural forces analysis is the most objective way to gauge the sentiment . At some point the market will turn around but anticipation of that event leads to missing opportunities within the main trend.
07/10/2021
Nasdaq target as per my cycle analysisdear follower's nasdaq last time my prediction was reached succesfully.
Now as per my cycles i am looking 14880 & 15120 are the target for july month keep your trailing stop loss at 14400 below close.
its purely based on cycle calculation.
prediction date 02.07.2021
thanks & Regards
K Sureshkumar
2021 July 05 NAS100USD
OANDA:SPX500USD
2021 July 05 NAS100USD
New high for NAS again, and on low volume. Keep stops tight.
Weekly chart: Price advanced on low volume
Daily chart: Wide spread bar up
H4: Last bar closed off low indicating presence of supply.
Strategy:
1) Long if price supported at bottom of channel or price reaction zones marked out.
2) Long if there is wide spread bar down on high volume and price supported at the close level of the bar.
3) Short if price retest current high and is rejected.
4) Short if price makes new high and close off the high, and that bar becomes the resistance
Remember to like and follow if you find this useful. Have a profitable trading week ahead. : )
NASDAQ 100: The bulls (still) remain at the helmTechnical analysis of the NASDAQ 100 - viewing in the D1 chart
The technology-heavy selection index Nasdaq 100 shows an intact upward trend in all relevant time frames. Most recently, it generated a significant follow-up buy signal on June 22nd with the breakout of a rising resistance line along the highs of February 16 and April 16. On Monday it marked a new record high at 14,528 points.
From a purely price perspective, the bulls are clearly in control. The sentiment data and market breadth data for the US stock markets urge caution. In our opinion, the current price surge should represent the “final hurray” before a medium-term correction phase. In terms of seasonality, a phase of weakness beginning in July and lasting into autumn would fit into the typical pattern.
We see possible price targets on the upside at around 14,600 points and 14,757 / 14,774 points. Potential expansion targets can also be identified at 14,913 points and 15,082 points. Should the quotation fall sustainably below the former containment line, which currently runs at 14,258 points, we would see a first important warning signal for the beginning of the targeted corrective phase. Confirmations for the bearish scenario would be below 14,205 points and 13,968 points in a subsequent slide.
Note:
Despite careful analysis, Global Investa does not accept any liability for the content, topicality, correctness or completeness of the information provided.
2021 June 21 NAS100USD (Intraday)
OANDA:NAS100USD
2021 June 21 NAS100USD (Intraday)
NAS last week offered the following setups
- Long trade set up from 13946 immediate support
- Short setups as market topped when spread narrows and bunching of closes
Scenarios:
1) Short if price returns to test resistance or 14116 region, target 13900 / 13840
2) If price reaches 13840, wait for price reaction before taking your position.
Remember to like and follow if you find this useful. Have a profitable trading week ahead. : )
2021 June 14 NAS100USD (Intraday)
OANDA:NAS100USD
2021 June 14 NAS100USD (Intraday)
Weekly = Bullish | Daily = Bullish | H4 = Bullish
Market continues to advance and approaching previous resistance.
Immediate support = 13946
1) Volume is low, keep stops tight if long / stay out of market.
2) if close of bars are near each other, step aside
3) Will wait for price to reach red/green zones before taking positions based on price
reaction at those levels
Remember to like and follow if you find this useful : )
Have a profitable trading week ahead.
Traditional market analysis 09/06/2021 #2Hello everyone! Quick update on the current situation with several charts below. Currently I am still bullish on Oil and bearish on the USD. The USD hasn't managed to bounce and across many pairs it either keeps breaking down or keeps testing support. For example USDCNH has clearly broken down and GBPUSD looks ready for a breakout.
Currently metals don't look all that bullish, however bonds seem to be getting stronger and stronger bouncing off key support. I don't think we'll have a massive inflation spike and that this will be transitory, but transitory might mean higher inflation for a few years as the world is slowly getting back to normal and potentially Central banks cut down a little bit on the printing. Of course there is inflation and there will be more for some years but it won't be like the 1940s or the 1970s. Yes with oil prices going higher and higher there will be an issue and the same goes for several other things like Copper.
At some point inflation will hurt stocks, however for now they look pretty strong. To me all US indices are looking very strong despite all the bad numbers, potential tax hikes and so on. Maybe they are focus on the additional spending and stimulus coming than any of the other big problems. For now I see no issues with the current trend and although stocks are 'expensive' and there are many issues with the current valuations, don't forget that in the current environment they benefit through multiple ways. Also don't forget that we haven't seen a blow off top or a proper bubble formation and until we see that things could keep expanding.
Yes one or several15-30% drops will come at some point in the next 6-12 months and I have no doubt about that, but until I see key support levels being broken I am more bullish than bearish. If the Russell 3000 closes below 2400 points then we might have a problem. The market seems to have a very clean bullish structure and it could actually accelerate to the upside than going down at the moment. It is up about 15% this year and it could keep going higher as more and more money is printed.
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Nasdaq Analysis Nasdaq is still consolidating and right now it looks like it will break down. If it does break down it will come to 13530-13392 before continuing back up. However if the market does break up we need a break of the trend line for the bulls to continue. For the bulls first target will be 13823-13929. A break of these areas will break through our trend line taking us to new highs.
NASDAQ100 - WOULD LIKE TO SEE PRICE SELL OFF (NEXT BUY ZONES)BEFORE -
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2021 May 31 NAS100USD (Intraday)
NAS100
2021 May 31 NAS100USD (Intraday)
Weekly = Bullish | Daily = TBC | H4 = Bullish
Per last week's analysis, scenario 1 happened.
Price returned to test 13396 - 13425. Hope you had profited from the long opportunity.
Market currently in rotation (grey box) just below a previous resistance, volume is low.
Scenario:
1) Supply pauses or reverses the uptrend
2) Market is building up to continue its uptrend
3) If market breaks the rotation, trades can be taken when price returns to test.
(applies to both break out upward / downward)
Remember to like and follow if you find this useful : )
Have a profitable trading week ahead.
Nasdaq analysis The market looks a little crazy today up and down- but there is a reason why we are seeing this. On the weekly and monthly we can see market is playing around some key areas and trend lines. 12917 is a very strong area of support where as 13879 is a strong area of resistance. As we are entering the end of month next few days will be very interesting. Will we break to the upside or break the trend down
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Nasdaq analysis From yesterdays analysis here is a little update. The trade is going as planned and we have broke out to the downside. our next target will be 13550 the first pullback before continuing up. However if the market decide to go further down for a deeper pullback then we may see price go down even further to 13409 before continuing up.
NIONio is forming text book EW ABC
correction after large impulsive move I would estimate the last 5 wave are actually part of a larger wave 1 and
the ABC correction is the larger wave 2 pull back and after NIO finds a bottom
we will push up for Wave 3 of the larger wave heading for $137 or the 1.618 fib extension.