Nasdaq 100 Index
Nasdaq (NDX) finally hit yesterday our long-term bearish Target (17130), which we called a while ago (March 12, see chart below) but was postponed due to the Double Top formation: The index is now on a mixed sentiment as even though it is on a correction sequence below the 1D MA100 (green trend-line), the 1D RSI hit the 30.00 oversold limit as this Bearish...
Hello traders.. kicking off the week here the stock indices are up alongside the USD strength. We have the vix which sold off dring the london session and this tells us that sentiment is leaning towards risk on as call options are being bought. The Nasdaq is moving up here and we could mirror some of the candles to the left handside that we observed during Friday...
Doing this video to shed some light and perhaps illustrate trading possibilities presented every single day.
Hello Traders and Investors, today I will take a look at the Nasdaq. -------- Explanation of my video analysis: For more than 10 years the Nasdaq has been trading in a pretty obvious and also profitable rising channel formation. We saw the last retest of support back in 2023 which was followed by a significant rally of +70% towards the upside. As we are...
Makes sense for NASDAQ:NDX to get a bounce here as it is at the 1st Support level after the December breakout & it is Oversold. NASDAQ:QQQE = Equal Weight #NASDAQ100 Never broke its ATH & it is Oversold on the daily chart. Weekly charts put it in the middle of the range. RSI needs to stay here to remain bullish. $ Flow has slowly waned.
Sure, here's the corrected text: We see the price bouncing from Mon 10 OCT '22 after a year and a half of bearish market and going directly to retest the all-time high on Mon 22 Nov '21 again by MON 22 JAN '24. However, it starts to move towards a new all-time high, but with limited liquidity hindering further price increase. We've already witnessed a significant...
If you haven`t bought the dip on QQQ: Then it's important to understand that it's currently exhibiting a double top formation, known as one of the most bearish chart patterns, along with a substantial bearish divergence. I foresee a retracement soon, possibly to $416, but I still expect it to finish the year on a positive note!
I was #bearish #TSLA from the wave B top, even before it actually got hit. We are at TTR looking for lower lows before any significant rally emerges. TTR is also looking for much lower levels into end of the year! Expect a move down to 144 and 135 next
The NASDAQ:NDX , Nasdaq 100, is at a support level on the daily chart, left. The 4Hr chart shows it is almost at the 320Moving avg, left. Being that there's support & the intraday is at a Major Moving Avg, we'll likely get some sort of bounce around here. The index is also oversold daily & intraday. NASDAQ:QQQ NASDAQ:TQQQ NASDAQ:SQQQ
hello traders.. the U.S. stock indices have been getting pounded by bearish sentiment related to new war conflicts. Also, they were due for a pullback as things have been quite bullish the last few months. Price currently is testing a Daily support level on Nasdaq at 17,500. The NYSE 1hr candle just closed strong bearish below our Daily support level and we are...
AMZN got a perfect weekly topping candle, followed by a bearish engulfing candle (one more day to confirm) Watch for a dip below the 150 level. Im going to short it very soon, will post it live when I do
Nasdaq is bearish on its 1D technical outlook (RSI = 37.414, MACD = -64.490, ADX = 50.187) but the 1W RSI is still bullish (RSI = 56.510). You can see the reason on this chart. The long term pattern is a Channel Up that is supported by the 1W MA50 for the past 13 months. The current pullback can be seen as a phase similar to the consolidation of August-November...
Nasdaq (NDX) is on the pull-back process, a correction that we called on our March 12 idea (see chart below) when the index reached the top of its 1 year Channel Up: Even as recently as last week (see chart below) we called for the ideal sell entry and set a 17500 Target: As you can see, the index emphatically broke and closed below the 1D MA50 (blue...
Been a long time since I posted! Firing it up with my bigger-picture view of the Nasdaq. Longer timeframe: Multi-year cup and handle - bullish into year-end Shorter timeframe: Rising wedge - potential window of weakness around the corner (end of Feb?) What's actionable about this chart? - If actively trading watch for a short-term sell signal - close...
Weekly 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...
17780 point is the point to be protected and the stop point. I still think bullish, target point 18400. long position can be taken with bullish confirmations or long can be taken from the region above 17300.
Nasdaq (NDX) marginally broke and closed a 1D candle below the 1D MA50 (blue trend-line) last week but quickly recovered on Friday and this week has established its price action above it. Still it is under Lower Highs following the March 21 Double Top. It is a fact that the 1D MA50 hasn't been broken in 5 months (since November 03 2023) so last week is the first...
I will be more interested on the two marked zones for me to see the bulls keep controlling the market, but price and time will tell where the market is going to go. Taking into consideration the economic data also.