Nasdaqlong
Nasdaq 100 showing HUGE upside with its Cup and Handle to 16,073Cup and Handle formed over the last couple of months.
A big one for that matter.
The price broke out of the brim level, but the price action has been very sloppy.
There is clearly a fight between the bulls and bears.
And so, that's why there's been a consolidation.
We can wait for the price to break above the small rectangle formation, before getting in to avoid a fakeout.
7>21>200
RSI>50 (Higher lows)
Target 16,073
SMC
Sell Side Liquidity (Order Block) is below the handle of the cup. Also the 200MA is around these levels which makes it another STRONG Level of liquidity for SM to buy.
The bias is very bullish, we just need the next push up.
Potential bull flag on the Nasdaq 100 (NDX)The Nasdaq is holding above the February high and forming a potential bull flag pattern, which projects an approximate target around 13,500. A larger flag pattern also remains in play with a target just below 14,000, although the October high and monthly R1 around 13700 provide a likely resistance area. The daily trend is respecting the 10 and 20-day EMA's and the structure favours a break of last week's high.
- Bulls could seek bullish setups around current levels in anticipation of a break higher, or around the monthly pivot point should we see a deeper pullback and invalidation of the smaller flag.
- The bias remains bullish above the monthly pivot
- Targets include the resistance clusters around 13,500 and 14,000
Nas100 Long (Best Entry) 🔥Strap up, enter your buys and swing this analysis. Use proper risk management and do not risk more than 2% of your account if you have an account below $100. If you are a Pro Trader and you have a big balance, do not risk more than 20% of your account.
My positions are at: 12920
First TP: 13200
Second TP: 13700
🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥🔥
NASDAQ WEEKLY ANALYSISEIGHTCAP:NDQ100
we are seeing a BULLISH TREND forming on the EIGHTCAP:NDQ100
we can already see that price has already broken resistance and also retesting that area with signs of rejections on that area. So we can possibly anticipate that price could countinue bullish after this
$SPY & $QQQ Market BEARS NO FOLLOW Through, V shaped bounceYesterday i talked about 3 scenarios where one of them was we break below the double bottom support at 290 area for QQQ and bears have no follow through and we V shape.
Essentially its exactly what happened bears had a nice overnight drop and pre-market control, the moment market opened bulls took over filled the gap within the first 30minutes.
- Red flag for bears was when we re-tested that 290 support becoming resistance bears couldn't bring the price down to new low of the day, we hovered close to it and re-tested again and broke bull back above it. That's when shorts started covering here and we get a nice move up.
- looking for a 4H trend change to the bulls to have any meaningful bull follow through.
- still holding my TQQQ $21.57 entry.
Nasdaq -> Be Ready For The BullmarketHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
The Nasdaq and also all major US indices have been performing extremely well lately. I personally don't think that this is just a short covering rally, in my opinion, this could actually be the beginning of a new bull-market.
You can also see that from a weekly perspective we broke a lot of structure towards the upside and are also about to create a weekly double bottom, so everything is looking very bullish.
From a daily timeframe I am now just looking for a retest of the neckline of the double bottom, which is simply previous resistance turned support, and after this retest it is quite likely that we will see the next impulse towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ100 showing strong buying signs to 14,000W Formation has formed over the last few months.
We have had a break up out of the neckline and now looks like the price wants to bounce and run up further.
7>21>200
RSI>50 (Higher lows)
Target 14,000
With the Jobs added better than expected last Friday and with the signs of an economic recovery, The US is showing strong signs of a rally.
This could be before the catalyst for the expected fall.
Regardless, I am bullish for now and the charts don't lie!
NASDAQ 100 finding support on increased risk appetite?TODAY’S MARKET IDEA: NASDAQ Index (US 100)
Commentary: Global risk appetite could be finding support from the easing of the China COVID restrictions, reduced energy supply risk, and slower pace of US interest rate outlook.
NASDAQ 100 Index: (4 hour chart) current price trading within an upward sloping price channel; MACD is above its signal line (bullish); relative strength above 50 indicates the prospects for potential further upside in the very short term (5-13 days) for move towards the 38.2% retracement from the 13 week high spotted near 12,035; downside support at 11,633.
Nasdaq 100 LongOk, after overthinking going long or short, I decide to go for a long, at the bottom of support zone.
If it go against me, not big risk.
Now I need to check at how it will break the last highs and if it does ( at this moment I will be breakeven. and if it pass, a great ROI% for me.
The reason I was thinking about shorting, was because, I listen to others treader who looked for a short position. It may come, but not for now, next week.
AT the end, I will go with my knowledge, this way If I get wrong, no one to blame ( risk calculated). ANd this group already screw few of my trades when I was blindly listen them when I when from my education.
Nasdaq: On the riseNasdaq is currently taking baby steps along the orange target zone between 11 809 and 11 463 points and is expected to move out of the orange zone to climb right into the blue target zone. Moving further North, the blue wave (iii) should be completed in the blue zone between 12 657 and 13 429 points before pushing the course back South. After that minor correction, the trend should move up in the long term to complete we pink wave .
NASDAQ EXPECTED RALLYNADAQ opened with upward gap in the beginning of the Asian trading session, following the last week shares price increase after positive fourth quarter earnings results.
Major tech companies like AAPL and AMZN are expecting to report earnings this week and the market is anticipating that the pattern from the last week will continue.
On the technical front, the instrument broke the resistance line of the triangle pattern and both RSI and MACD are in the "buy" zone.
If instrument closes the gap and reverses we might see it test its previous resistance at 10 969, otherwise investors might expect levels of 11 680 to be tested.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
NASDAQ NEUTRAL TO BULLISH OUTLOOKNASDAQ closed lower yesterday after negative free cashflow forecast from Micron Technology. But the tight labor market and upper pressure on wages have a big chance of further increasing the inflation. Investors are awaiting the Core CPI figures today, which, if above forecasted, as it often happens this year, will put the index into another bullish movement.
On the technical front, NASDAQ broke the resistance on the falling wedge pattern and the MACD histogram is above 0, indicating possible end of the downturn. On the other hand though, RSI still remains well below the neutral 50 line.
If the bullish pattern continues, the instrument might reach levels of 13 165, but on the other hand if it is a false breakthrough, it might test its previous low at 12 950.
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.