Nasdaq 100 (Bullish 5.0)The bullish 5.0 typically only applies to a bearish shark harmonic pattern. Although, could still see a rally off of the 0.50 fib retrace.
NASDAQ 100 CFD
NDX Nasdaq 100 Head And Shoulders This is a great example of how a Head and Shoulders pattern looks like!
$12.100 is the first target!
If you are interested to test some amazing BUY and SELL INDICATORS which give the signal at the beginning of the candle, not at the end of it, just leave me a message.
NASDAQ - Might find support nowNasdaq dropped as expected (after last week's dead cat bounce). Will it find support now or later at 11,600?
ps. Nasdaq and indices dropping also affects the cryptocurrencies negatively
NDX & SPX (1D) SPX BULLISH, NDX BEARISHNasdaq100 continues its fall down for support, -2,70% on the day, -7,70% from its ATH.
NASDAQ- Looks Bearish to meMy updated chart on Nasdaq shows that we could be in for a drop...again
Just be careful people.
BR
the FXPROFESSOR
$NDX #nasdaq100 same Divergence with RSI from January 4h hours Chart is showing a divergence with the Relative Strength Index...
what do u think? bull or bear? TVC:NDX
NASDAQ / PLACE YOUR BETS!!!!Personally I see a pullback before a short but knowing Nasdaq it will gain supernatural powers and fly to space.. Lets see what happens
Why I think bears won the NAS battle but bulls will win the war I said in my previous idea that I went long at 12672 and below are the reasons why.
- Was hovering slightly over the weekly 20EMA which has been great dynamic support for the index over the last year.
- NDX appears to be forming a flat bottom at 12760 and we can see how well that has been holding since January; it is also the 0.618 FIB from Feb. highs to October lows. Bears tried to break 12760 3 times during NY sessions this week only or bulls to bounce back sharply off this level. It was only broken during the Asian session on Friday when I bought at the lows of the day betting that weekly 20 EMA will provide support.
- Despite the heavy sell pressure and volume throughout the week and particularly the alarming levels on Thursday (highest since September), Friday's buys were also particularly high (highest since November); hence the wild volatility.
- VXN (the volatility index for NAS100) has not spiked to alarming levels all week despite a 1300pts drop at one point. We have seen a bigger spike in the last week of January despite a drop that is not as substantial as the current one.
- NQ 4hr RSI has been flashing bullish signs and divergence for the past 2-3 sessions. Additionally, daily RSI hit its lowest levels since March.
Next week bulls need to break-out from the main downtrend TL and overcome dynamic resistances, especially the 50 day EMA for a chance to go higher. If we gap up Monday as a result of stimulus news and Asia/Europe don't tank it, there's a very good chance we see a reversal sooner than later. I don't think the bond market fears will have long-term implications as of now given the current policies.
NASDAQ bloodbath, what next?Not going to get into the details of surging bond yields that are causing havoc across markets, just gonna display what I see on the charts and potential scenarios that could play out; both bull & bear.
Let's start with bear since it's more prominent;
- NDX closed below 50 day SMA/EMA moving averages and a crucial uptrend TL that connects March & October lows.
- NDX has been struggling with 4hr moving average dynamic resistances, losing each of its battles at every bounce.
- NQ broke-out twice out of the downtrend over the last week yet barely lasted hours before getting hammered back. Struggled to overcome 1hr downtrend TL's on my chart and when it did, it quickly lost the battle afterwards and is currently hanging on to a thread.
- Volume profile is witnessing major spikes & sell pressure in Asia/ Europe and NY sessions. NY has been picking up the mess from Asia & Europe over the past few days but gave up the bounce-me-back battle today.
- FAANG closed below a critical TL & other major tech players like Tesla, NVIDIA & PayPal are getting hammered in the process. Tesla & NVIDIA alone have lost nearly 14% & 12% of their market value respectively over the past 5 days alone.
-Candlesticks are as ugly as ugly can get.
With the above said, it does seem like another move down to break the 12740-12800 support range is extremely likely. 1-day 100-EMA or the 1 week 20-day EMA should be the next dynamic supports for NDX as they have been supporting this market during every major pullback in the past several months. The levels to watch out for are 12575-12630. If we break below these levels, 12000-12200 could be the next stops.
The bull case, though there isn't much;
- The lows are 'still holding' and the market parked the bus above right above these levels.
- Volume spikes at the 12760 level have been substantial, however continuation is weak and bears have shown strength above. Whether this level has been exhausted or not, we'll only know during futures trading and NY session tomorrow.
- Diverging 1hr RSI on NDX and 4hr RSI on NQ potentially forming an IHS. If it plays out, we might see a trend reversal sooner than later either from recent lows or the moving averages I mentioned above.
- Stimulus? I don't even know how it will affect markets as it's been expected and priced in for quite a while now but the market never fails to surprise.
- Can't reiterate how strong the fundamentals are for big tech minus Tesla; at some point the bleeding will stop and a strong rebound will be at play. I still strongly believe we are heading to 14000.
Nasdaq correction looks to be overFor this post, I will use NDX & Nasdaq interchangeably. For those of you not as familiar with the index, you may be more familiar with the ETF QQQ, which tracks the Nasdaq or NDX.
The NDX correction looks to be over. A bottom was created partially when Cathie Wood's set a floor by coming into the market guns blazing loading up on some of the riskiest, highest-flying names in the Nasdaq.
A churn from growth to value has been underway and should continue as rates rise. Nasdaq has far outperformed the other 2 major indices so I expect it to trade somewhat sideways for a period of time.
Moving averages maintained in the 2H chart, no bearish crosses, and the NDX has already started to bounce back.
Look for quality in times like these and other ways to generate returns. Some factors to look for are:
1. a P/E ratio below 17x; meaning it is not too overvalued.
2. a solid balance sheet with positive cash flow
3. a dividend yield (if #2 is achieved, dividend yield should be safe with potential raises and share buybacks)
4. a quick ratio at least above 1.0. (this defines financial health & ability to deal with debts) the higher the better.
5. solid trends in earnings beats
NASDAQ - Approaching Major SupportWill be an interesting day to see if NASDAQ will find support or free-fall!
Many are expecting a big correction in indices... Let's see what happens!
NAS100USD 2021 Feb 22 Week
NAS100USD 2021 Feb 22 Week
D1 = still bearish
H4 = 13474, 13569 appeared well supported.
2nd last bar being climatic, followed by narrow spread bar, although with volume slightly lower,
reinforces that some support is present.
If bar after A can close higher than close of A and preferably near or above its high, then we can
be sure buyers are supporting.
So watch 13474 as previous demand 18206 - 13250 could be next target if bearishness continues.
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Have a safe and profitable trading week!
OANDA:NAS100USD
NQ bouncing to the topToday we are looking fro a long trade.
entry in blue , targets in greeen.
more info in short video.
NASDAQ - No Magic Future Ball? HEDGE! 🧙🏻Second video in the same day, hope you liked the first one
Both videos are meant to help you understand and approach trading a little bit differently.
Hope it helps.
One love,
the FXPROFESSOR
NASDAQ - At a Crossroads 😶🌫️Hi guys,
so yesterday's dip was bought well but it did not last - good if you have the habit of taking some profit by closing partially and stop-losses at entry to avoid any losses.
At this current stage, there seem to be a growing sentiment for a correction so maybe there will be a new dip to buy soon (today?) especially if the price breaks this current support level.
Watch out and trade/invest responsibly. I can tell you yesterday was really bad day for me so taking small steps back on the game today. It looks like we could have bigger dips to buy and bigger fish to fry in the next coming weeks.
ps. Nasdaq I still love you habibi, no matter what
Nasdaq.. not enough steam ?looking at the market today
looking at today sesion 13686 ! might be also a entry point for a short
