Nasdaqsignals
Nas100 remains under pressure and downward move is more likelyNas100 remains under pressure and downward move is more likely to happen. Same applies to US 30 and S&P 500.
Looking at market structure with lower highs and lower lows getting printed we can expect bulls to still have a challenging moment. As I mentioned last time in my previous idea bears are still in domination and they eye the 13000 psychological level.
Only if 14000 should be breached above and bulls defend this level we can see price reaching to the nearest high of 14600. At this moment there's high possibility that bears will push price lower at least printing a new low.
We will wait for proper confirmation to confirm the direction of the market. My bias is still bearish at the moment.
Let me know in the comment section below if you have different idea on this.
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$NQ Top is In on the 1M - $9007$NQ top is clearly in on the 1M chart. Bearish engulfing candle with key resistances needing to be retested. The global economic picture is becoming more gloomy as the US defaults on its debt for the first time ever this winter (2021).
As an investor and avid study of the markets, I look for value buys with high probabilities of long term triple digit returns. I will look to back the truck up in $NQ at $9007, until then every bounce is just a distraction.
- PennyBags
CME_MINI:NQ1!
NAS100 Buy AnalysisPrice has broke out of the trendline on 1H timeframe
Currently looking for long potential positions which confluence with the retest of the level the market broke out
Nasdaq Analysis 16.02.2022Hello Traders,
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NDX Nasdaq W shaped recovery ???We might see an euphoric W shaped recovery after Russia reported pullback of military troops.
Some military units will start returning to their permanent bases after completing drills near the Ukrainian border, said the Russian Defense Ministry.
Looking forward to read your opinion about it.
Nasdaq 100 Analysis/ Ideas ShortNasdaq 100 is on the long run to test the major resistant zone again after its bullish break out from the regression channel. And it has been cleanly rejected twice at the same level with 200 SMA which also corresponded to the 61.8 fib level. Looking at the current up trend towards the resistant level, the trend has bounced up the the support line twice, first at 13863.75 and the second one at 14499.50 and there is every tendency that the third retest will be at 14779.00 bottom of the line before an impulse move to the resistant zone. At this point, we are expecting a massive bearing move to the first TP point @14499.50, and then the next fib level 61.8 which 14287.50..
Please be warned, this is not a financial advise, if you must take this, wait for clear confirmation before entry. Like, share and leave a review.
NASDAQ is about to break into long-term bullish territory again.Basically this is a quick update to my January 31 analysis on NDX where I made a case for the importance of this Channel Down:
Initially the price got rejected near the top (Lower Highs) trend-line of the Channel Down but since yesterday, it is staging a comeback. As mentioned before, a break above it, will most likely restore the long-term bullish trend on Nasdaq and will aim for new All Time Highs (potentially near the 1.5 Fibonacci extension long-term).
The finding of the current idea though, is that the current Channel Down resembles that of the previous correction during September 06 - October 13 2021. For a better illustration, see that Channel below on the 12H time-frame, where th MA50 and the MA200 trend-lines are similar to those of the current Channel Down on the 1D time-frame:
Breaking above the 1D MA50 this time, most likely confirms the above.
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Buy NasdaqLooking at the bigger timeframes (TF) Nasdaq looks like it broke the downtrend starting the movement to the upside.
Confluences:
1- MACD giving buys signals
2- Moving averages about to cross to the up side (4H)
3- Price is currently at 0.38 fib level (daily) which for me indicates the end of retracement.
Nas100: Important levels to watchTraders, looking at the current market structures, I have marketed important levels that I will be waiting for Nas100 to take direction. Currently Nas100 is trading at around 14700.00 indecisively, a successful break above 14840.00 will attract buyers and we can expect price to be pushed to 15250.00. However, if it breaks below 14400.00 successfully, we can only expect price retesting the 14000.00.
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Nasdaq100- New leg down?In my previous Nas100 analysis I said that I work with 3 bearish scenarios in Nasdaq's case, and the last scenario proved to be the correct one so far, with the index reversing from 15k zone resistance.
At this moment, the index is trading just above 14.400-14.500 zone support and I expect continuation to the downside.
In my opinion rallies around 15k should be sold and only the index above 15.500 would put a pause in this bearish scenario.
Bears can target 12.500, keeping in mind the last low as support also.
Best regards!
Mihai Iacob
Nasdaq100- Bulls should be careful from now onThere has been a very bad start of the year for Nasdaq (and US indices in general) with the price dropping almost 3000 points from top to bottom.
Last week the index found support and bids under 14k and now is in recovery.
In my opinion, this is just a correction and rallies above 15k should be considered good opportunities for selling.
A daily close above 16k would make me change my opinion
NASDAQ Channel Down emerged. Trade the rejection or break-out.Nasdaq has suffered the most during January's correction. The Lower Lows created a new Channel Down which we have to consider, despite having the 1D RSI make a rebound from oversold levels and a bottom formation similar to early October, mid-May and early March 2021.
The 1D MA200 (orange trend-line) is the first natural Resistance. If the price gets rejected at the top of the Channel Down (Lower Highs trend-line), we'll have a sell signal targeting the Lower Lows trend-line.
On the other hand, a break above the Channel Down along with closing above the 1D MA50 (blue trend-line), will be a confirmation that the index has recovered the long-term bullish trend and will be a buy signal towards the Higher Highs trend-line with a rough technical target the 4.0 Fibonacci extension at 17515.
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Nasdaq 100: Investors buying the dipAfter the biggest correction since March 2020, investors are buying the dip on the main indices. Nasdaq 100 is the best US index in terms of long-term performance and drawdown. We are in oversold territory in all the main indicators such as the RSI, MACD... We are not safe yet, and a bigger correction may occur. If we lose the support line of this week (13700), we will see another -15%. Care with volume during uncertain times with the Russian-Ukraine crisis and the upcoming interest rates hikes.
Nasdaq100 and my 3 bearish scenariosOf course, there is also the bullish, new ATH scenario, but this, in my opinion, is the less probable of them all.
So, after breaking under 15500 support, Nas100 fell strongly and reached my target at 14k (I went lower, but who counts). Now the index is in consolidation and loss digesting.
I consider 3 scenarios for down continuation:
1. Nasdaq will drop directly, without a retesting of FED day's high, and a break under 13500 low should accelerate losses towards the next important support at 12.5k
2. We will have a retest of the 14500 zone followed by the same drop to 12.5k
3. And this is less probable considering the selling pressure, Nasdaq will rise and test the broken support, now resistance, at 15500, of course, followed by the drop to 12500.
In conclusion, in my opinion, Nas100 will continue to the downside towards 12500
Best of luck!
Mihai Iacob
Nasdaq100- A pull back can happen- good opportunity for shortLast week, after breaking under important 15500 support, I said that I expect Nas100 to fall to the 14k zone.
The drop happened very quickly and even exceeded my target with a low of around 13.500.
Now the index is in a normal recovery and this can provide bears a good opportunity to enter the market.
My sell zone is 14.500-15k and only a daily close above 15k would put a pause in this scenario
The first target can be yesterday's low.
Best of luck in shorting Nasdaq:)!
Mihai Iacob
Nas100: The bears have had their daysPrevious idea:
Outcome:
Nas100 closed in green, Dow made a sunning come back. Stocks are picking up. The time for the promised land has arrived.
Nas100 got blocked at 78.60% Fibonacci level. If it crawl back there unless to mitigate some orders. My expectations are to see some consolidations around 14500 and 14800 before Nas100 skyrocket.
And where to from now? 18000.00 or beyond.
Hello friend, do your own analysis and please make wise decision. Plan your trade and trade your plan.
Good luck.
We love to Buy Nas100, we hate selling😂
Nas100:Completion of recent correction and we might see a bounceHello friends, we back again. My previous expectations on Nas100 didn't go as I expected, instead price continued to decline. I had to take a closer look at it once more and also going deeper into the history of the index.
Many times the index corrected itself deeply, that gave greater opportunity for investors and price rallied thereafter. Without surprise we saw the index bound up within a wedge formation from November 2021 and price had to swing up and down within the wedge.
So what I present here is merely an idea and this idea or perspective is mine alone. You making investment decision from this should spring from your own choices and decisions.
Looking back to recent history, we see that price corrected itself in January 2021 after a strong impulse (I), the correction wiped off at least 12.55% of the index gains.
In April 2021, we see another correction which wiped off 8.23% of the index gains.
In September 2021 the index corrected itself again wiping off 8.70% of it's gains.
Looking at the recent correction, we see that Nas100 dropped with at least - 10.28%.
Should we expect more decline?
Yes, No?
Please share with me your thoughts in the comment section below. Let's share ideas friends. Remember not to take mine as conclusion to invest.
I have a feeling, that we could see Nas100 bouncing up around 15000-15080 level and that this could be the last bottom for January 2022, seeing that it has nearly reached the 200MA.
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