NASDAQ 100 CFD
NASDAQ targeting 25400 in the next 6 months. Don't miss this!!Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below):
As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are.
Right now we are on the stage where the price has been rejected near the 0.786 Fib and pulled-back to the 0.5 Fib and the 1D MA50 (blue trend-line). This is exactly what took place from December 28 2023 to January 05 2024, i.e. during the previous Bullish Phase of the Channel. You can see that with the use of the Time Cycles, we can identify that the first such phase was on February 01 2023.
This is the phase that we've just completed and remarkably all 3 within the Channel Up completed a +20.88% rise. This further proves that the symmetry within this pattern is astounding. The larger Bullish Leg was completed on the previous two phases with a +49% and +48% rise respectively, so technically it is natural to assume that the current Bullish Phase (from the August 05 2024 bottom) will be completed on a +47% rise (-1% less than previously) at least.
This is why we're expecting to see 25400 as the next Higher High on a 6 month horizon.
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NASDAQ: Touched the 4H MA200 and MACD Bullish Cross forming.Nasdaq turned neutral again on its 1D technical outlook (RSI = 49.926, MACD = 156.450, ADX = 29.632) as the price pulled back aggressively to the point that it reached the 4H MA200 again for the first time since the elections day. With the exception of Oct 31st, this level hasn't been touched since September 11th, as the trend is rising inside a Channel Up. The 4H MACD will form tomorrow a Bullish Cross, which has been an early buy signal on the previous bottoms. We expect a new bullish wave to begin. We aim again for a +6.80% rise (TP = 21,600) like the two bullish waves of the pattern.
See how our prior idea has worked out:
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500% gains SGMO BUY/HOLD swing trade setup🔸Hello traders, today let's review 3days price chart for SGMO.
Previously One of the titans of the biotech industry then fell out
of grace and dumped 95% off the highs from the prior distribution range.
🔸Currently decent recovery off the lows and also we got bullish
liquidity gaps protecting downside below 1.00 USD. currently trading
near 2.50 USD, however this is also heavy resistance so expecting
decent pullback to pickup liquidity below before the rally resumes.
🔸Recommended strategy bulls: Bulls wait for pullback to complete
near 1.00 USD. The target for the bulls is re-test of mid of the multiyear
distribution range at 5-6.00 USD, so this is 500-600% gains from the
recommended entry price at 1.00 USD. Keep in mind, this is a swing
trade setup also a 500%+ move in biotech industry may take a while
to complete, so this is a setup for patient BUY/HOLD traders.
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NASDAQ: Channel Up intact. Targeting 22,000.Nasdaq is on excellent bullish technical levels on the 1D timeframe (RSI = 65.968, MACD = 283.550, ADX = 47.440) as it is rising on the new bullih wave of the August Channel Up. The bullish wave confirmed the strong buying pressure as the 1D MA50 held and kickstarted it after a Bullish Cross on the 1D MACD. Based on the previous bullish wave in September, we are currently in the middle of a +10.90% wave. We are targeting its full length (TP = 22,000).
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NASDAQ Extremely bullish for the next 30 days.Nasdaq (NDX) is extending a very aggressive post-election rally that is coming after a clear technical hold on the 1D MA50 (blue trend-line). This is just a short-term movement inside a (blue) Channel Up that emerged after the index rebounded on the 1D MA200 (orange trend-line), which in turn is the Bullish Leg of the 2-year Channel Up pattern.
As you can see, the price action is so far very similar to the Channel's previous Bullish Leg that also started on a 1D MA200 hold (October 26 2023). Based on the 1D MACD's Bullish Cross and the 1D RSI bullish reversal, we are in symmetrical terms on a situation similar to January 23 2024, with the price above the 0.618 Fibonacci retracement level.
We still expect a similar +30% rise from the last bottom (August 05) to be completed, so our 22000 medium-term Target is intact.
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NASDAQ Update on Elliott Wave CountsLast week, we saw solid sharp moves up in NASDAQ:NDX along with SP:SPX and $FRED:DJIA. And that move made me reconsider my counts since I was expecting that we had a top in place now with X complete and Y down should now unfold. But last week's move made another all time high. Watch the video to understand what are the possibilities now.
Nasdaq (NDX): US Election Hype vs RealityThe US Elections are just around the corner – a global event that everyone is eagerly anticipating. But the big question remains: Will the election results really have a massive impact on the financial markets? Or, at the end of the day, does it even matter who wins – Kamala Harris or Donald Trump? 🤔
We shared our view months ago: It doesn’t matter who takes the presidency. We firmly believe that a major market correction is inevitable, regardless of the election outcome. The timing? Impossible to predict. But one thing is clear: the warning signs are everywhere. From rising unemployment and skyrocketing debt to relentless inflation, the economic data paints a bleak picture, reinforcing our thesis.
Looking at the weekly NASDAQ:NDX chart, a drop of over 20% could definitely happen. This isn’t something to ignore. But even in the middle of this chaos, there is a golden opportunity: A significant downturn could present a rare chance to accumulate high-quality assets at very cheap prices. This could be the moment to build a perfect portfolio, positioning yourself for long-term gains when the market rebounds.
So, how should you approach this?
See the upcoming volatility as an opportunity, not a threat. Secure your open positions, stay adaptable, keep an eye on the markets, and buy strong assets undervalued.
And most importantly:
Sit back and enjoy the show that both the markets and the political landscape are about to deliver! 🍿
Palantir Bullish Long-Term PlayPalantir shares rose to a yearly high near $33 in the evening trading session on Friday, September 6, after announcement Palantir joins the S&P 500 index.
Palantir was one of the strongest contenders for inclusion in the broad market S&P500 index.
This inclusion, as well as Dell (DELL), comes after tech companies Super Micro (SMCI) and Crowdstrike (CRWD) also joined the index earlier this year.
Technical 1-month graph indicates on Reversed Head-and-Shoulders structure in development.
Potentially it can bring Palantir stocks, up to $100 per share over the next several years.
NASDAQ rally still at its start. Very high upside post electionsExactly 3 months ago (August 05, see chart below) when Nasdaq (NDX) erased the gains of 3 months and was sold-off to its 1W MA50 (blue trend-line) we posted the following idea using the 2-year Fibonacci Channel Up on the index, claiming that it was the best buy entry in recent months:
The buy turned out to be very effective as the index rebounded aggressively and last week made a 3-month High. Ahead of the U.S. elections today and the natural short-term volatility that they will inflict on the market, we decided to bring that chart forward again, as it will help keep an unbiased long-term perspective that will filter out the short-term noise.
As you can see the index held its 1D MA50 (red trend-line) last week despite the sharp pull-back. The price remained within the 0.382 - 0.5 Zone of the Fibonacci Channel, while the 1W RSI is holding its MA (yellow trend-line). Every time the index got in a similar situation within this Channel Up, it still had much upside left before it topped.
At the same time, we are just below the 0.5 Fib level of a projected +47% rise from the August bottom (sequence of Bullish Legs since the start +49%, then +48%, next +47%), a symmetric pattern showing the strong potential of the index, as long as the 1W MA50 (blue trend-line) holds.
For the 1st Stage of the current Bullish Leg, we have a minimum Target of 22500 for the end of the year, which represents the rally that the May 27 2024 and January 01 2024 pull-back rebounds had that held the 1D MA50. As for the full length of the Bullish Leg, which is our long-term Target, we still expect the index to complete a +47% and reach 25400.
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US Election, FED Rate Cut, 1,200+ earnings - Here we go!!!It's Election Eve and I thought it was important to share how I'm positioning for the US Election and all of the craziness that it may bring.
Maybe it's all hype, maybe it's the truest test of US Democracy, maybe it's the beginning of the end. I'm not going to opine on political preference. I'm simply going to focus on current levels and what's in play.
Pullback levels for me are all pretty visually friendly with EMA combos on the Daily and Weekly charts. We are 3-4% off from recent highs, the market wasn't in love with Mag 7 earnings last week, pre-election jitters are fairly obvious, and the market will be looking for a reason to do something.
Expect volatility - and I hope it's nothing wild and crazy like Aug 1-5. I discuss the potential concern for a US Election where a winner is not declared and we wait days or longer for an official winner. Also a phenomenon is the Wednesday close for the S&P tends to show solid short-term direction, but I believe that's only if we see a winner Tuesday night for election night (just my opinion).
I'm hedged, alerts are set, it's all happening whether we like it or not. Focus on what you can control in your trading and let's figure it out.
Thanks for watching!!!
NASDAQ: Forming the new Low of the Channel UpNasdaq is on a neutral 1D technical outlook (RSI = 47.183, MACD = 55.990, ADX = 31.366) as the price is trading sideways on an upward slope at the bottom of the 1 month Channel Up. This is technically the new HL formation process and it is taking place under the 4H MA200 this time. The formation however of a 4H MACD Bullish Cross under 0.000 has been the most reliable buy indicator in the last two months, so it is a good enough reason to buy for us, since the risk factor at the bottom of the Channel Up is so low. The HH that followed the last HL was pcied on the 1.236 Fibonacci level and since the symmetry inside this pattern is high so far (Bearish waves indentical), our target is under the 1.236 Fib extension (TP = 20,750).
See how our prior idea has worked out:
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NASDAQ100 Plummets! Short Trade Nears Final Target!NASDAQ100 (NDX) Analysis:
NASDAQ100 (NDX) has seen a strong downward trend on the 15-minute chart, with the trade setup delivering impressive results. Targets 1 through 3 have been hit, and the price is closing in on the final TP4 level, making this an ideal short trade for traders leveraging the momentum.
Trade Summary:
Entry Level: 20429.42
Target Levels:
TP1: 20323.94 ✅
TP2: 20153.26 ✅
TP3: 19982.58 ✅
TP4: 19877.10 (nearly hit)
Stop Loss: 20514.76
The Risological Dotted Trendline guided traders perfectly through this short trade, marking a strong resistance level as the index continued its descent.
NASDAQ Rejected on the 1hour MA50 but bottom is in.Nasdaq / US100 is trading inside a monthly Channel Up.
Despite getting rejected today on the 1hour MA50, the Higher Low at the bottom of the Channel Up has been priced in.
This is a good buy opportunity. Target 20350 (the 0.618 Fibonacci level).
Previous chart:
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US100 TOWARDS THE SKYWe missed the entry yesterday thinking it would bounce way harder than that, it actually took several hours to get back in an uptrend position ;
for now it seems a little corection to the LL is coming after the 15:30 rush ;
after that, US100 is going to the roof and taking the uptrend direction back.