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Nasdaq 4h Daily Commentary "#Nasdaq : On the 4-hour chart, there's a clear indication that the price continues to move downwards. If we are bearish, I expect to see the price fill the liquidity gap and then break the previous low, directing the liquidity in Tue 16 Orderblock. However, if we break the last bearish defense in the chart, it will lead us to anticipate a rally upwards. I will provide daily updates on the 4-hour charts. If you have any questions or something you would like me to include in my analysis tomorrow, please leave it in the comment section below. Good luck to everyone in their trading endeavors!"
CME_MINI:NQ1!Short
by Deotrade1
4/22 Weekly Index Outlook - JournalTraders, Given: SPX (SPY) is used as overall market index. FED remains the primary determinant for overall market movement. All major indices pulled back last week. SPY failed to reach its 100DMA in the pull back. QQQ overshot its 100DMA in the pull back. GDP reports Thursday Pre Market. PCE, Personal Income & Spending reports Friday Pre Market. Iran / Israel situation has cooled US Govt approves add'l Iranian Oil sanctions. Noteworthy: QQQ down ~8% peak-to-trough (P2T) SPY down ~6% P2T Expectations: Earnings based movement for individual stocks. Indices range Up / Down towards respective 100DMA pending additional insights into potential fed behaviors in June. Instrument: NA
AMEX:SPY
by WillNixTrading
04/21/2024 - News, Stocks, Commodities, Crypto - Video IdeaNews, Stocks, Indexes, ETFs, Commodities, Bitcoin, Crypto TA Charts by @NoFomoCharts 00:22 Part 1 - News and Watchlist 03:32 Part 2 - Stock Indexes, Metals, Commodities 10:58 Part 3 - Crypto market, Bitcoin, Altcoins Watchlist, SPY, QQQ, DIA, IWM, GLD, SLV, USO. TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt. 04/21/2024, 09:00PM EST Video Idea. Technical Analysis & Educational Chart Videos. Follow, Comment, Boost, or Cheer to support. Thank you! All content is Not financial advice.
by NoFomoCharts
Nasdaq-100 Index. Meet and Greet March Quarter Earnings Season.US stock indices, including the benchmark American economy S&P500 index (SPX) and US BigTech Nasdaq-100 index (NDX), are retreating from their yearly highs, moving to a more aggressive decline last Friday, April 12. Investors digest the first portion of earnings reports for March quarter 2024 - traditionally starting with financial sector Earnings reports. New Earnings season has begun! Perfect! Well... sounds good. Anyway... JPMorgan (JPM), Citigroup (C) and Wells Fargo (WFC) reported first-quarter earnings that beat forecasts, but a large number of persistent inflation pressures are still building and continuing. JPMorgan CEO James "Jamie" Dimon warned that while the stock market is healthy and most economic indicators look favorable, there are still significant risks that could arise at any time. "Looking ahead, we remain alert to a number of significant uncertain forces. First, the global landscape is troubled, horrific wars and violence continue to cause suffering, and geopolitical tensions are rising. Second, there appear to be a large number of persistent inflationary pressures. Pressure that is likely to continue," - Dimon said on the conference call. On the inflation front, US import prices rose for the third straight month in March, slightly above the consensus forecast of 0.4% month-on-month. Almost all of the rise in import prices was driven by the recent rise in oil prices. The fight against inflation - which has transformed into a classic chronic illness from a relatively minor cyclical problem driven by a low Covid-19 base - appears to have reached a stalemate, and the first rate cut will not occur until December, Bank of America (BAC) now says. Despite the fact that at the beginning of 2024, the market was almost 100% confident that at least one rate cut would take place by the June FOMC meeting, and by the December meeting, the number of rate cuts could reach three. Monetary easing by June is looking more and more like an unattainable dream, tempered by the latest data. Recent inflation data, while in line with expectations, doesn't give the Federal Reserve much reason to rush. But if the central bank doesn't cut rates by June, it will likely delay any cuts until March 2025, Bank of America strategists said. In reality, long-term forecasting of the US Federal Reserve's monetary policy curve is not an easy task, given that only forecasts for the next FOMC meeting, which is scheduled for May 1, and for which the market does not factor in a change in interest rates, can be relatively reliable. Of much greater significance is that the same arguments and theses that are presented in the reports of the largest American banks - the locomotive of the American economy - may find their repetition or imitation in Earnings reports for Q1'2024 of dozens and hundreds of other companies over the next two-three months. Technically, the main chart of the Nasdaq-100 Index (NDX) featured in the idea is in a long-term positive trend of a weakly rising channel, above its 5-year SMA. At the same time, taking into account the possibility of escalation of macroeconomic and political risks, one cannot exclude the prospect of its decline to the lower border of the channel - down to the levels of 12,500 - 13,000 points. Also lets take into account the fact that the entire 10-12 percent Nasdaq-100 increase from Q4'21 highs to nowadays can be easily represented as the transposition of a 200% increase in the shares of only one company - Nvidia (with its near 6% allocation in the index), - which increased in price from $320 to over $960 per share over the same period of time - from Q4'21 by Q1'24.
FOREXCOM:NAS100
by Pandorra
NVDA | SHORT NASDAQ:NVDA Possible Scenario: SHORT Evidence: The asset has moved outside of the Keltner channel on a monthly timeframe and is overbought across all timeframes. We are currently in the AI Bubble Era, with the economy facing potential challenges such as the possibility of a debt crash, a commercial real estate crash, or a regional banks crash, among others. Target Prices: TP1: $600 TP2: $400 TP3: $270 A 70 to 90 percent retracement is not an unusual scenario when a bubble bursts, similar to what occurred with many companies during the dot-com bubble. Conclusion: The stock market is at risk of collapsing due to the AI bubble.
NASDAQ:NVDAShort
by shkspr
2
👀 Three Black Crows. Bear Market Candlestick PatternThree Black Crows is a term used to describe a bearish candlestick pattern that can predict a reversal in an uptrend. Classic candlestick charts show "Open", "High", "Low" and "Close" prices of a bar for a particular security. For markets moving up, the candlestick is usually white, green or blue. When moving lower they are black or red. The Three Black Crows pattern consists of three consecutive long-body candles that opened with a gap above or inside the real body of the previous candle, but ultimately closed lower than the previous candle. Often traders use this indicator in combination with other technical indicators or chart patterns to confirm a reversal. Key points 👉 Three Black Crows is a Bearish candlestick pattern used to predict a reversal to a current uptrend, used along with other technical indicators such as the Relative Strength Index (RSI). 👉 The size of the Three black crow candles, timeframe they appeared on, the gaps when they opened, the downward progression sequence, as well as their shadows can be used to judge whether there is a risk of a pullback on a reversal. 👉 The “Three Black Crows” pattern should be considered finally formed after the sequential closure of all three elements included in it. 👉 The opposite pattern of three black crows is three white soldiers, which indicates a reversal of the downward trend. But maybe more about that another time. Explanation of the Three Black Crows pattern Three Black Crows is a visual pattern, which means there is no need to worry about any special calculations when identifying this indicator. The Three Black Crows pattern occurs when the bears outperform the bulls over three consecutive trading bars. The pattern appears on price charts as three bearish long candles with or without short shadows or wicks. In a typical Three Black Crows appearance, bulls start the time frame with the opening price or gap up, that is, even slightly higher than the previous close, but throughout the time frame the price declines to eventually close below the previous time frame's close. This trading action will result in a very short or no shadow. Traders often interpret this downward pressure, which lasted across three time frames, as the start of a bearish downtrend. Example of using Three black crows As a visual pattern, it is best to use the Three Black Crows as a sign to seek confirmation from other technical indicators. The Three Black Crows pattern and the confidence a trader can put into it depends largely on how well the pattern is formed. Three Black Crows should ideally be relatively long bearish candles that close at or near the lowest price for the period. In other words, candles should have long real bodies and short or non-existent shadows. If the shadows are stretching, it may simply indicate a slight change in momentum between bulls and bears before the uptrend reasserts itself. Using trading volume data can make the drawing of the Three Black Crows pattern more accurate. The volume of the last bar during an uptrend leading to the pattern is relatively lower in typical conditions, while the Three Black Crows pattern has relatively high volume in each element of the group. In this scenario, as in our case, the uptrend was established by a small group of bulls and then reversed by a larger group of bears. Of course, this could also mean that a large number of small bullish trades collide with an equal or smaller group of high volume bearish trades. However, the actual number of market participants and trades is less important than the final volume that was ultimately recorded during the time frame. Restrictions on the use of three black crows If the "Three Black Crows" pattern has already shown significant downward movement, it makes sense to be wary of oversold conditions that could lead to consolidation or a pullback before further downward movement. The best way to assess whether a stock or other asset is oversold is to look at other technical indicators, such as relative strength index (RSI), moving averages, trend lines, or horizontal support and resistance levels. Many traders typically look to other independent chart patterns or technical indicators to confirm a breakout rather than relying solely on the Three Black Crows pattern. Overall, it is open to some free interpretation by traders. For example, when assessing the prospects of building a pattern into a longer continuous series consisting of “black crows” or the prospects of a possible rollback. In addition, other indicators reflect the true pattern of the three black crows. For example, a Three Black Crows pattern may involve a breakout of key support levels, which can independently predict the start of a medium-term downtrend. Using additional patterns and indicators increases the likelihood of a successful trading or exit strategy. Real example of Three black crows Since there are a little more than one day left before the closing of the third candle in the combination, the candlestick combination (given in the idea) is a still forming pattern, where (i) each of the three black candles opened above the closing price of the previous one, that is, with a small upward gap, (ii ) further - by the end of the time frame the price decreases below the price at close of the previous time frame, (iii) volumes are increased relative to the last bullish time frame that preceded the appearance of the first of the “three crows”, (iv) the upper and lower wicks of all “black crows” are relatively short and comparable with the main body of the candle. Historical examples of the Three Black Crows pattern In unfavorable macroeconomic conditions, the Three Black Crows pattern is generally quite common. The weekly chart of the S&P500 Index (SPX) below, in particular, shows the occurrence of the pattern in the period starting in January 2022 and in the next 15 months until April 2023 (all crows combinations counted at least from 1-Month High). As it easy to notice, in each of these cases (marked on the graph below) after the candlestick pattern appeared, the price (after possible consolidations and rollbacks) tended to lower levels, or in any case, sellers sought to repeat the closing price of the last bar in series of the Three Black Crows candlestick pattern. Bottom Line 👉 As well as in usage of all other technical analysis indicators, it is important to confirm or refute its results using other indicators and analysis of general market conditions. 👉 Does History repeat itself? - Partially, yes.. it does. This is all because financial markets (as well as life) is not an Endless Rainbow, and after lovely sunny days, earlier or later, dark clouds may appear again, and again.
SP:SPXEducation
by Pandorra
Volmageddon. Please Buckle Up. The Plane Will Be Landing SoonStocks are vulnerable to a 5% 'air-pocket drawdown' as greedy traders short volatility. Tuesday's stock-market pullback on February, 13 after a hot inflation report actually showed us something else about the market. It turns out that it did… an overcrowded short side of the options market which was reminiscent of the 2018 and 2020 'Volmageddon' events. ProShares Short VIX Short-Term Futures ETF AMEX:SVXY graph says selling volatility is on the hot spot, like four and six years ago, in 2020 and 2018 respectively. The "Volmageddon" episode happened six years ago after traders piled into a bunch of ETFs that were designed to return the inverse of market volatility (essentially betting on a calm market). And when volatility went up in February 2018 and in February 2020, it tanked those strategies, sending the S&P 500 down more than 10% in two weeks. Investors appear to be taking risky bets again, specifically in VIX futures, which are assets that let investors bet on future volatility. As VIX futures expire, the S&P 500 is seeing stronger price reactions. Based on the magnitude of the move in VIX futures, there is an increasing threat that the rising level of greed in the 'short-volatility' trade, similar to what we saw in 2018 and in 2020, could result in an air-pocket drawdown of 5% or more in the S&P 500, to 4800 points respectively. The short-volatility trade became very popular strategy after 2010 when volatility was low, and traders could make money betting against market turbulence. The Cboe Volatility Index, which is also dubbed as the TVC:VIX or the market's "fear gauge," is sitting around 14, near historical lows. The rebound in interest in short-volatility strategies is once again posing a risk to the broader markets here as a negative catalyst can clearly spark a momentous, derivatives-driven selloff in the broader stock market like that which we saw in 2018 and in 2020. It's not a major concern right away as volatility upticks have been small, and the S&P 500 has remained resilient. The market shrugged off Tuesday's pullback quite fast. But it's worth keeping all your eyes on as all 2024 progress can be erased shortly. Going forward, these expirations will remain dates to keep in mind as the threat of volatility will be elevated as we move further into 2024. Technical graph for CBOE:SPX says we are still in the upside channel since Q4'22, near its upper line, with further perspective opportunities to erase 2024 gain, shrugging back to mid-line around 4800 points. Market breadth says also there're huge divergence in CBOE:SPX and in NASDAQ:NDX all the 2024, as 50-days indicators move firmly down all the year, while indices are still up so far.
FOREXCOM:SPX500
by Pandorra
4
$DELL Bouncing Off 21 EMANYSE:DELL I was in this 2 weeks ago and made good $$$. I closed it out on April 8th on the second big red bar. This morning as it opened over the 21 EMA, I put ½ size position on with a stop below Fridays low of $117.61. If the market holds up and moves higher, I expect it to test the previous highs. I am also aware that it could have been a double top, and this is simply a bounce. The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
NYSE:DELL
by jaxdog
TQQQ Tech 3X levarged ETF LONGOn this 15 minute chart, TQQQ is in an anchored VWAP band and volume profile breakout. Near to the end of the regular market, the RSI indicator ran from deep oversold. After hours, NVDA reported a sizable earnings beat. The AI machine learning and backtesting indicator forecasts and uptrend continuation. I will get call options targeting $58 for Friday's expiration. This is a risky play, price trend could reverse and there could be no time left to recover from that reversal. The rewards for the trade going right could easily exceed 100%.
NASDAQ:TQQQLong
by AwesomeAvani
🗓️Weekly Report: Key levels & Trade IdeasGENERAL MARKET REVIEW Concerns over a potential military attack by Iran on Israel triggered a gap down in the market at the beginning of trading on Friday. Following these events, there was a surge in oil prices, which then led to widespread sell-offs across the board. Virtually all stocks took a hit, with growth stocks experiencing declines ranging from $2 to $72, notably including MicroStrategy NASDAQ:MSTR . For this evening's analysis, we'll begin by examining the charts of the Nasdaq-100 (QQQ) and the S&P-500 (SPX). –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– SPX-500 The SP:SPX has been movig lower and plundged to the 50-day Simple Moving Average (red) on Friday. Holding this line could lead to an oversold bounce on the market. However, should a broader market selling start, then it is very possible that we test the 5000 psychological level or even the 4700 level that was rejected in August 2023 and February 2023. 💡Another interesting fact SP:SPX has created 22 all time highs this year (2024) and returned more than 25% over the past five months and has gone more than 1 year without experiancng a 1 day decling more than -2%. This is the 6th longest such streak since 1965. If you are wondering when are the other times: 2007, 1986, 1996, 2018, 1993. On average the index makes only 29 consecutive trading days without a 1 day that has more than -2% decline💡 –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– QQQ Very similar as it is clinging on the 50-day Simple Moving Average. QQQ and SPX are holding much better than the IWM or DIA, which have been consistently underperforming on their Relative Strength against the SPX. –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– META Meta has earnings on 24April (Wednesday). It has been holding very well and is a constructive pattern. You can see a triangle forming. Pay attention to the volume pattern. When the stock is moving up in this base the volume bars are higher than when the stock is moving lower –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– NVDA Too choppy for anything more than a quick trade. Next Technical buy point for me is at the $974 on heavy volume. I could start nibble on it with a quarter or a half position size as it is making constructive formations within this forming base. Constructive formations = higher highs, tight pivots. This is very watched stock so it would have high correlation to the general market
SP:SPX
by TintinTrading
Weekly Plan NQ Futures 4/14/2024Weekly plan: NQH2024 SEED_ALEXDRAYM_SHORTINTEREST2:NQ FUTURES 4/07/2024 18406 >> 18566 >>> 18718 Weekly pivot: 18284, Now 18172, Weekly Open TBD 18063 >> 17934>>> 17734 ------------------------------------------------- Based on the provided levels for the NQH2024 futures contract, here's a weekly trade plan focusing on trading from the pivot to the upside or downside targets: Weekly Pivot: 18284 Current Price: 18172 Upside Targets: First Target: 18406 Second Target: 18566 Third Target: 18718 Downside Targets: First Target: 18063 Second Target: 17934 Third Target: 17734 Trade Plan: Long Trades: Look for buying opportunities if the price remains above the weekly pivot (18284). Entry: Consider entering long positions on pullbacks towards the pivot (18284) or if the price breaks above the current price (18172). Targets: Target the upside levels of 18406, 18566, and potentially 18718. Stop Loss: Place a stop loss below the pivot or below significant support levels identified during the week. Short Trades: Consider shorting the market if the price breaks below the weekly pivot (18284) or the current price (18172). Entry: Enter short positions on breakdowns below the pivot (18284) or the current price (18172). Targets: Aim for downside targets of 18063, 17934, and potentially 17734. Stop Loss: Place a stop loss above the pivot or above significant resistance levels identified during the week. Risk Management: Ensure proper risk management by sizing positions appropriately based on the distance to target and stop loss levels. Consider using trailing stops to lock in profits as the price moves in your favor. Monitor the market closely for any changes in price action or news events that could affect the trade. Note: Always adapt your trading plan based on real-time market conditions and adjust your approach as necessary to manage risk effectively.
CME_MINI:NQ1!
by dhjesus