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Nasdaq100

“Nasdaq Continues Its Uptrend”Expectations that the Fed will implement a 25 basis point interest rate cut next week are being maintained. This situation is perceived positively for the indices. By the end of the year, a total rate cut of 100 basis points is almost certain. The CPI and PPI data suggest that the Fed might not need to cut rates as aggressively as the market had anticipated. Technically, if the resistance level at 19,500 is permanently surpassed, the rise could gain momentum towards the 19,700 and then 19,950 resistance levels. On the downside, if the index falls below the 19,100 level, a pullback towards the support levels at 18,800 and then 18,450 might be seen.
NASDAQ:NDX
by primequotes
Nq1! Nasdaq Long term ForecastWhile many switch to a bullish bias for CME_MINI:NQ1! because of expectations of a interest rate cut on 18th of September, I remain bearish because markets price in before these events and the rate cut was expected for a long time. We see on the daily chart a double bottom, which is market makers' favorite liquidity to take out. Again on the daily chart, we see that price took out the buy-side liquidity and now is in the Daily Optimal Trade Entry of the last down move. I expect to see the double bottom to be taken out in the upcoming weeks. Please note that this can take a lot of time and we can still see a full recovery to All Time Highs before we take out the double bottom. You can boost the idea for free if you have a paid plan and if the idea helped you. Thanks for reading I wish you all good and safe trades.
CME_MINI:NQU2024Short
by TradeConfirmed
2
Shanghai Composite. 'Arctic Fox' leaps on Shanghai street cornerReal estate has made China rich in recent years and decades. Now it looks more like radioactive kryptonite from the DC Comics universe - the birthplace of Superman. Three months earlier, China's house prices fell 0.4% in a month, according to official statistics released in November 2023, the steepest drop since February 2015, according to Bloomberg data . It was one sign that a key engine of the world's second-largest economy is still faltering despite Beijing's multiple stimulus packages. At the same time, prices for secondary housing fell by 0.6% in October, which is the highest figure in nine years. According to the Cato Institute data , private property accounts for 1/4 of China's total gross domestic product and nearly 70% of all household wealth. This means that falling house prices have become a serious burden on the economy. The situation is exacerbated by a seemingly endless debt crisis that has left the country's two largest property developers on the brink of collapse, with both Evergrande and Country Garden defaulting on bond repayments in recent years. Evergrande serves as an example of how an industry that contributed to China's economic boom and prosperity for decades has become toxic and has become a point of weakness and decline. The company was founded in 1996 and built huge residential complexes in the city center, helping to accelerate China's shift away from a socialist agrarian economy. The company eventually expanded beyond real estate, opening separate businesses selling bottled water and electric vehicles, and in 2010 it bought a Chinese soccer club that would go on to become the country's most successful team. These days, the former giant is struggling for cash and facing liquidation. China's fragile housing market is back in the spotlight at the start of 2024, following the release of a batch of fresh statistics. China's troubled property market ended last year with the worst decline in new home prices in nearly nine years, despite government efforts to prop up a sector that was once a key driver of the second-largest economy. New home prices in December showed their sharpest fall since February 2015, while property sales measured by area fell 23% in December from a year earlier, data from the National Bureau of Statistics (NBS) showed on Wednesday, January 17, 2024. Of the 70 cities included in the NBS house price data, 62 reported falling prices. Markets immediately responded with a strong decline, exacerbating the accumulated negative returns since the start of 2024. Big China Indices Crash by Mid-January, 2024 At the same time, property developer investment in December fell year-on-year at the fastest pace since at least 2000, according to Reuters calculations based on NBS data. Overall, real estate investment fell 9.6% in 2023, roughly matching the decline in 2022. Several Chinese developers, including China Evergrande Group HKEX:3333 and Country Garden HKEX:2007 defaulted on their offshore debts and entered into restructuring processes. Country Garden, the country's largest private real estate developer, warned this week that it expects the real estate market to remain weak into 2024. The technical main chart is dedicated to the Shanghai Composite Stock Index, which, judging by the current scenario, will experience far from the best year in its history, as a result of the index breaking down its narrowing multi-year range. // Photo: “Arctic fox” leaps on Shanghai street corner . 💡 February, 2024 Notes 👉 Chinese stocks are falling for the 6th month in a row by February 2024 against the backdrop of the weakness of the Chinese economy, while SSE:000001 Shanghai Composite Stock Index fell below its 200-month SMA for the first time in its history. 👉 An extremely rare Bearish Super Combo in the Chinese financial market of 6 consecutive monthly declines is the result of disappointment with economic data and PRC government measures to support the economy. 👉 Industrial activity in China fell for the fourth month in a row in January, official data showed on Wednesday. PMI indexes point to a bleak picture of continued contraction in manufacturing, roughly unchanged activity in the services sector and a slowdown in construction, Nomura analysts said. 👉 Weak economic recovery and limited support measures have affected investor sentiment. The Hang Seng Tech Index of Hong Kong-listed tech giants HSI:HSTECH fell 20% in January, while Hong Kong-listed shares of mainland property developer Hang Seng index fell 19%.
SSE:000001
by Pandorra
WEEKLY FOREX FORECAST SEPT 9-13th: S&P NAS GOLD SILVER US&UK OILThis is Part 2 of the Weekly Forex Forecast SEPT 9 - 13th. In this video, we will cover: S&P500 NASDAQ DOW GOLD SILVER US & UK OIL Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NYMEX:CL1!
by RT_Money
2
USNAS100 / Already dropped and still, or enough...Nasdaq Technical Analysis The Nasdaq price has stabilized below the pivot line at 19,535, signaling a bearish trend, particularly given the significant bearish volume below this level. As long as the price remains under 19,535 and 19685, it will likely continue declining, potentially reaching 19370 and 19185. However, a break above 19685, followed by 19820 and 19975. Key Levels: Pivot Line: 19535 Resistance Levels: 19625, 19972, 20100 Support Levels: 19290, 19185, 18940 Expected Trading Range for Today: 19685 to 19185 Trend: Bearish, as long as the price remains below 19535.
OANDA:NAS100USDShort
by SroshMayi
NAS100 - End Of August - Are you not satisfied???Hello Traders. Come on guys, interact with the post if you seeing how accurate this is ! Notes for today Price tapped into our zone i mentioned in the previous post, 19,666 was to far but but 19,630 was my entry. Price was kind enough to come back to this point again today before NY killzone time. If you followed me from Monday, i mentioned we will see lower prices possibly up to 19,120. So far so good. If you caught it, you would be + 300 ticks minimum. For today, i am done. Will relook at the charts tomorrow. Trade safe 👌
OANDA:NAS100USDShort
by KingDee57