Another indicator on if things go well with the breakout, we may see good momentum in Indian IT Sector. Although until that happens, the price can always reverse. So a little patience might pay well.
The chart shows the ratio USI:VOLDQ / CBOE:VXN
VOLDQ is a measure of NASDAQ breadth in terms of volume. Its the difference between NASDAQ's up and down volume.
VXN is the volatility index for the NASDAQ.
Bearish case: The ratio is very extended and that historically coincides with significant reversals.
Bullish case: If available liquidity is on a tear...
Market seems to be betting on the rate cuts and soft landing again.
The narratives are floating around the unemployment numbers as a possible cause for rate cuts, or else rate cuts because why not? Jpow today seemed to hint at hotter inflation, PPI came in super hot today forecasting inflation, but Jpow has been a little less hawkish than his constituents in the...
Sell Idea:
As the Nasdaq approaches its all-time high levels, the index has exhibited a prolonged bullish trend with minimal retracement. Given the substantial upcoming fundamental events over the next few days, there is an expectation that the Nasdaq may experience a significant drop, potentially marking the completion of its current cycle. This setup presents a...
After examining the NASDAQ chart on a 4-hour timeframe, we noticed that the price, following our previous analysis, experienced a drop of 170 pips and managed to correct to 17,970. Subsequently, it regained demand and moved towards the second supply zone. Today, as the NASDAQ index reached 18,250, we witnessed a significant drop from this level, with a decline of...
May 13-18 is a super bullish sweep before ATH creates a new one. Further upward momentum needs to be reversed. The CPI OB looks likely to be a sustained bullish zone.
When the price decides to trade in this area, it will expand to 15 m /5 m, which can gain a lower TF scalp or enter the highs of the current week.
The current forecast for OANDA:NAS100USD indicates a likely bullish trend. As long as the 4h candle opens above 18550, the index is expected to trend upwards, initially reaching 18725 and then continuing to the strong bullish target of 18805. Conversely, if the 4h candle opens below 18550, the trend will likely shift downward, first reaching 18415 and then...
First entry failed (rare case senario)
so here is a more detailed chart with alternative entry points
where i expect reversal even tho ive been crying wolf (recession crash) im not
looking for it just yet but market doesnt wait for anyone now does it
maybe it may lead to a retracemnt for bearish continuation ill update for interested parties
In our recent update on the Nasdaq, we noted that the market had bounced smartly off a previous peak of 16,765, the 2021 high. The Nasdaq is now reaching new highs, and I'm working to identify a potential target zone.
On the weekly chart, there is a parallel resistance line from the 2023-2024 uptrend, which is around 19,400 (see weekly chart).
On the monthly...
This day we have European data on employment, industrial production and GDP growth, as well as inflation rates for some countries such as Spain. The afternoon is very important for the markets with the Fed's manufacturing index, inflation, retail sales, and vehicle sales data, as well as the PCI for the month of April. With less relevance we also have information...
NOTE:
Broke previous 4 year high and made a 2 Month Pin. The Pin have been broken and re-tested.
See a 1-2 RTM pattern on Daily as one of the Confirmations.
2HR/4HR: Divergence of the 3 pushes:
Buys in order, and breakout of 1 week Wick fill should be addition to the position a
Nasdaq broke the multi month ascending channel, and now seem to retest the zone where the channel broke in the first place, which is a good area for bears to enter the market with a good RR.
May 12th to 18th week was supremely bullish sweeping previous ATH to create a new one. A retracement is required for further momentum upward. OB from CPI stands to seem like a probable zone of bullish continuation.
Please, check our technical outlook for NAS100USD.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 18,677.5.
The above observations make me that the market will inevitably achieve 18,790.4 level.
P.S
We determine oversold/overbought condition with...
Bullish indications:
HHHL
Inverted head and shoulder pattern formation but not broke out yet in resistance at 18583
Made a new high
Morning star candle from the support 18459
Moving average 20 respected from the bottom.
Trade plan bias long @ 18595
SL:18537
TP1:18664
TP2:18738
The US100 index demonstrates a strong bullish trend on the daily timeframe. Our main goal is to identify a buying opportunity that aligns with this trend. Assuming price action unfolds as described in the video analysis, favorable trading conditions are anticipated. The video covers critical elements, including trend analysis, price action insights, market...
