NASDAQ On a critical 1D MA50 test. Act depending on candle closeNasdaq (NDX) continues to trade within the long-term Channel Down that has helped us identify the trend and take low risk/ high reward trades over the past few months. Our position hasn't changed since our previous update 10 days ago:
The bottom and new Lower Low of the Channel was correctly spotted, and now the price is about to test the critical 1D MA50 (blue trend-line). In fact today's flat-red candle could be the same as the rejection one on March 21. A clear 1D candle close above it, should be enough to test the 1D MA100 (green trend-line) which was our medium-term target originally. Failure to do so can alter the similarities with the March fractal and push the price to the 1W MA200 (red trend-line), so in that case be quick to take profits if you followed us and bought on that bottom.
As mentioned previously, a 1D candle close above the Lower Highs (top) trend-line of the Channel Down should be treated as a buy break-out signal with the 1D MA200 (orange trend-line) as the target. Similarly, with the 1W MA200 being a significant multi-year Support, a weekly closing below it should target the 1W MA300 (yellow trend-line, scroll chart to see it below).
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Nasdaqsignals
NASDAQ preparing a mid-March rebound with eyes on the 1W MA200Our last analysis on Nasdaq (NDX) 10 days ago, came with a warning that as long as the 1D MA100 (green trend-line) and the Lower Highs trend-line of the long-term Channel Down held, the trend was bearish towards the 11500 Support:
As you see the 11500 target was eventually hit, and with the Fed making an interest rate raise yesterday of 0.75% (the biggest hike since 1994), the index eyes the 1W MA200 (red trend-line) for the first time since August 2010, as more and more market participants call for a recession.
However, as long as the 1W MA200 holds, we have to go with the pattern in hand, i.e. the Channel Down which calls for a short-term rebound above the 1D MA50 (blue trend-line) and on the 1D MA100 to form a new Lower High. Target range: 13000 - 13400.
A 1W candle closing below the 1W MA200 should be enough to kick-start a sharp fall to the 1W MA300 (yellow line, scroll the chart downwards to see).
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NAS 100 (NASDAQ) H4 chart. The overview marketNAS100 seem to be aiming to retest the breakout that took place at level 12327.7 on the 27 May 22. If you look, you will see that the market was moving on a channel for some time before a breakout and the price never had a retest after that and now we are seeing the market coming back to that level. If the price is to just do a retest, we will see the price pushing to the upside and if not the price will keep moving with the bearish move as we are all that the market is still bearish anyway.
USTECH100 BEARISH OUTLOOKAfter some anxiety among investors regarding increased CPI for May, NASDAQ experienced some drop down in price, mostly led by mega-cap growth stocks like Apple Inc and Amazon.com Inc.
On the technical perspective, USTECH100 is breaking the support of descending triangle, which is a signal for bearish movement, confirmed as well from both MACD and RSI indicators.
If the bearish movement continues, USTECH100 might try to reach price of 11 912 USD. On the other hand, if it reverses, it might get back to 12 586 USD.
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NASDAQ : IXIC is in Downward channel trying to break Middle LineNASDAQ previously took string support from 50% retracement level on Fibonacci channel.
Now, NASDAQ has been trading from last months in this Downward Parallel Channel and testing the Middle trendline of Channel.
If it manages to break this line with good volumes and a decent candle, then strong upside is expected to 12500 levels.
Strong Buy Zone is from 11800-12000 which doesn't seem to get broken in Near term.
NASDAQ Sideways but still off the top of the Channel DownNasdaq (NDX) has been trading sideways since May 30. The 1D MA50 (blue trend-line) is right above with the 1D MA100 (green trend-line) being roughly around the Lower Highs (top) trend-line of the Channel Down.
Based on our previous analysis 2 weeks ago, the index was on a W pattern aiming at the Resistance as part of the Lower Highs formation:
So far so good if you took that buy, you may start taking profit at will. The reason is that only a break above the 1D MA100 can justify further buying and that's only to the 1D MA200 (orange trend-line), which last time rejected the uptrend from March 29 to April 05. Until the Lower Highs break, the trend is bearish towards the 11500 Support. A confirmed sell if you are looking for a lower risk factor, would be when the MACD makes a Bearish Cross.
As for a long-term bullish reversal only a weekly candle closing above the 15300 March 29 High can sustain it.
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Did NASDAQ potentially hit bottom?!NDX just hit and bounced off a major support level.
Over the last 18 years, as shown in the chart, this support level has proven to be a historical pivot point for the Nasdaq index. As per the attached chart image, every time the index hit this support level (150 MA on weekly candles), it has bounced off the moving average, and reversed into either short term or long term bullish trend. You can watch our full video explaining this by clicking on the link below.
In addition the Stochastic indicator is telling us that the NDX is oversold and overstretched, and is due for a rebound rally at minimum, or potential change to a bullish momentum.
NASDAQ on a W pattern.Nasdaq (NDX) has been trading within a Channel Down since its All Time High in late November. The 1D RSI has turned sideways since April 26 and that resembles the flat period of February 01 - March 14. That was a W formation that rebounded and reached the overhead Resistance upon its completion.
We may form a similar W pattern again with the Resistance this time being around 13580, which is where the 1D MA50 (blue trend-line) currently is. A break below the recent Support though, would invalidate this pattern and most likely push Nasdaq to the 1W MA200 (red trend-line), which is the long-term Support and has been untouched since July 06 2010!
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Nasdaq Analysis UpdateAs I analysed this morning price did come to 11687 area where it couldn't break and bounced back up going to 12132 area. Here price maybe be respected which can result in price being pushed back down to 11687 area which if broken can go down further. I think the next 4 hour candle will close above the centre line and the next 4 hour we may see price coming back down and closing below the centre trendline. Will see how this will play out
Nasdaq Analysis Hi Everyone,
Nasdaq is in a key area of resistance also the centre of the trend line if broken can reach 12874 area, also the top of the channel. However with the current market state I would expect price to push down again to previous lows of 11600 area and break through this to reach the next monthly support of 11000.
Key to remember, The moon is not the target, alway have a TP, break evens, take partials, so you don't let the market eat away everything.
NASDAQ At the Bottom or 1WMA waiting?he Nasdaq (NDX) index is very close to the Lower Lows trend-line of the Channel that started the correction in Dec. Technically, as long as the Lower Lows line holds, we may see either a +10% rebound or a 0.618 Fibonacci retracement level rebound and That basically gives us two Midterm targets 13400 and 14000 depending on your risk Management.
However, a 1D candle close below the Lower Lows, can be enough to extend this long-term selling towards the 1W MA200 . The last time this trend-line got hit was on Mar 23 2020 , which made the bottom of the COVID market crash.
NASDAQ Channel Down bottom but attention as the 1W MA200 awaitsThe Nasdaq (NDX) index is very close to the Lower Lows (bottom) trend-line of the Channel Down pattern that started the late December correction. Technically, as long as the Lower Lows line holds, we may see either a +10% rebound (as with the January 24 low) or a 0.618 Fibonacci retracement level rebound (as with the March 14 low). That gives us two medium-term targets (13400 and 14000 respectively) depending on your risk tolerance.
However, a 1D candle close below the Lower Lows, can be enough to extend this long-term selling towards the 1W MA200 (red trend-line). The last time this trend-line got hit (and offered Support) was on March 23 2020 (and that was on the futures), which made the bottom of the COVID market crash.
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Nasdaq: Red remains the theme!Nasdaq
Intraday - We look to Sell at 12707 (stop at 12947)
Further downside is expected and we prefer to set shorts in early trade. Previous support, now becomes resistance at 12700. Trading has been mixed and volatile. The bias is still for lower levels and we look for any gains to be limited. Preferred trade is to sell into rallies.
Our profit targets will be 12042 and 11988
Resistance: 12700 / 13000 / 13500
Support: 12000 / 11800 / 11500
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NASDAQ It is now or never for tech.Nasdaq (NDX) has been trading within a Falling Wedge since its All Time Highs and contrary to the last analysis, it broke the 1W MA100 (red trend-line) and almost hit the bottom (Lower Lows trend-line) of the Falling Wedge.
As long as this holds, we can expect a rebound towards the Lower Highs trend-line (top) of the Wedge and more specifically the 0.618 Fibonacci retracement level, which formed the previous Lower High and is currently around 14300. Notice how potentially, it could meet with the 1D MA100 (green trend-line) there. The 1D RSI seems to be bouncing off the Pivot.
If on the other hand the Lower Lows trend-line breaks, the next Support level is the 12200 low of March 05 2021 but we doubt it will hold on panic selling and the hidden targets will be the -0.236 and -0.382 Fib extension at around 12115 and 11745 respectively.
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Nas100 New Entries + Exits (Best Reverse + Momentum Strat Ever)The 1on1 video is currently out, if you would like it in order to understand how to play my analysis FULLY, please let me know privately.
All likes/comments and feedback are very much appreciated!
How to play my chart:
Buy at support, sell at resistance. When you open this chart you'll see a green entry and a red entry. When the candlestick hits the green entry, you place a buy. If however that support buy doesn't go into profit and goes negative -35 or -60 pips (depending if it was a fast break/or if the break landed on a minute 15 zone), if it breaks you would then exit your buy and immediately enter the sell. You would then ride that sell down to green TP1, or you could then repeat and play the buy/break there.
The same exact thing goes for resistance sell/break plays!
NASDAQ (NAS100)The NASDAQ 100 index has been trading in downward trajectory since November 2021 which continues to be in progress. The selling pressure has built up over the past few days and the current short-term down swing retraced close to its support of 12,942 which is a key level to monitor. The prospects of 50 basis points interest rate hikes at the May, June and potentially July FOMC meetings set a risk-off market mood. Last week’s hawkish Fed comments sent U.S. Treasuries and the U.S. Dollar higher and triggered a broad-based sell-off in equity markets amid brewing reporting season. While initial support around the previous low of 12,942 could hold, short-term traders should monitor minor support of 13,432 as a break below it will signal an extension of the decline to 13,300. On the other hand, a break above minor resistance of 13,582 would indicate a likely rally to 13,700. The economic calendar for the US would feature March’s Durable Goods Orders, the US Gross Domestic Product for the Q1, and the Core Personal Consumption Expenditure (PCE) for March, alongside the Chicago PMI.