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...
It looks like momentum is back and QQQ is getting ready to break out of the trading channel. Based on the COVID rally, I think we have a chance to add another 15%.
Where we stand in Nasdaq 100 Index.
Going through the chart I got these counts and looks valid to me.
This is just my opinion not any trading advisory.
I reserve the right to be wrong.
Thanks
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!
DAILY
Just watch, the current sideways movement has me in a daze, previous similar price dropped and melted.
4H
Let it move more before any judgements. Rejection of price from 18200 and candles direct us to look for sells.
1H
17900, our target price. Just waiting for entry prerequisites.
15Min
The impulsive bear candle just gave us the first confirmation wait...
Today's focus: Nasdaq
Pattern – Range
Support – 17,832
Resistance – 18,355
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the Nasdaq daily.
Price remains range-bound. Do traders feel today's CPI will be bearish or bullish?
Yesterday, buyers showed some strength, stopping a bear move and reversing losses. Could good news on...
DAILY
Mid trend, so stay the fxxk away
4H
Impulsive bearish candlestick currently forming, which will keep the drive going down to find support. 18000 will give us a point of interest for price, where we will look for patterns before using candles for confirmation.
1H
Current candle is bearishly engulfing and giving more signs of bears killing momentum of the...
Hello Traders and Investors, today I will take a look at the Nasdaq.
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Explanation of my video analysis:
For over a decade the Nasdaq has been trading in a pretty obvious rising channel formation. We saw the last retest of support in 2022 which was followed by an enormous +70% rally towards the upside. Considering that the Nasdaq is now retesting the...
DAILY
Stay watching
4H
Bearish channel in a bullish trend. So we wait for the touch of 17900 or 18500.
1H
Impulsive bull candle, then a slow down (the consolidation / accumulation), now we heading back up so we can put a Buy Stop.
15Min
First wait for the break of 18150 and the retest before entering this trade. Do not take it on the break, rather wait for...
DAILY
Still following the channel and building it further. Currently 17949, which is giving us more confirmation to the direction we are anticipating.
4H
The little reversal candles don't give us enough information to go in any direction.
1H
17865 had a double bounce here, which had long wick touches to show rejection.
15Min
It's bottoming out and price is...
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Rising wedge breakout. Fin retracement levels indicated below. Sideways consolidation and downside looks more likely the upside right now. Trade carefully.
The Nasdaq, exhibits robust momentum as Friday begins However, signs indicate a potential retracement on the horizon, especially as observed in correlated pairs like EUR/USD. A pullback would offer the Nasdaq, along with the DJ and S&P500 indices, an opportunity to consolidate before resuming upward movement. Market participants are bolstering their positions in...
DAILY
18346, is our beautiful price of interest. We peak above and just below it. There it is a point where we will determine our next move. 18000, being the bounce price and now we are heading to our price of interest. We are anticipating a high yield tomorrow but we are not certain it won't fake out few times before the certain direction.
4H
Double bottom and...
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
Dear analysts and traders,
I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules.
As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed...
