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NASDAQ 100 CFD

🅱️ Bitcoin, The Stock Market (SPX, NDX, DJI), USDT.D & AltcoinsI like to browse through charts between different markets in the search for confirmations and correlations. One of my favorite types of confirmations is Bitcoin and the Stock Market. We know that these have been moving together but Bitcoin is leading the way. While the SPX is still below its August 2022 high, Bitcoin already broke that price... Let's have a closer look: 💾 SPX Closes On Strong Bullish Bias +Bitcoin & Bank Crisis Notice how in the chart above the SPX bounces exactly in mid-March. On Friday it closed full green with a 10-months high. The RSI is really strong and all looks good. If the correlation continues then we are set to start this week green. Unless the SPX and the rest of the charts I will show you below crash on Monday. Then we have the Nasdaq, it is the same situation. Bitcoin has been consolidating but the NDX went ahead. This alerted me of the SPX moving forward and the rest of the markets as well... See the chart: 💾 Nasdaq Went Ahead | Next Target Above 15,555 The NDX hit a more than a year long high when it peaked around its April 2022 resistance. Not actually peaked, this is a new bullish breakout just taking place. The week closed full green. I am thinking that Bitcoin is set to follow unless the NDX crashes on Monday but so far it looks good. The DJI stood behind. While it is trading below its August 2022 high this level has been challenged continually and we know that it will follow the other two indexes, they always move together. Last week closed full green above EMA10 and EMA21. See the chart: 💾 DJI Then we have the inverse correlation with Tether Dominance, USDT.D and this one is a bit more tricky because of the mixed signals. First, the chart: Favoring the Bitcoin bulls, we have more than a year of lower highs and what seems like a distribution phase, volume dropping since May 2021, two years. Weaker signals in favor of the Bitcoin bears is the fact that the weekly session is still trading above EMA10 and EMA21. We also have the Altcoins that we can use. What one does, the rest follows; that's one for the bulls. We also have some smaller pairs and ALTSBTC pairs growing, something not seen when in a bearish phase. Look at XRPUSDT, it went ahead: ✴️ Ripple's XRP Inverse Head & Shoulders Confirms Higher Low Litecoin is on a similar situation. We have pairs such as ChainLink and EOS whom went through a full correction and this is kind of mixed. If what one does the rest follows, it can mean that Bitcoin is yet to go through this huge correction or that these pairs being weaker dropped more than the stronger ones. When we take all the signals in consideration, the bulls are on top. Of course, this doesn't mean anything if you are looking at the short-term... When focusing on the bigger picture, Bitcoin is set to continue growing, higher highs and higher lows in the weeks and months ahead! Thank you for reading. I am wishing you a lovely Sunday... Or Monday if you read this after today. Namaste.
INDEX:BTCUSD
by AlanSantana
2
💾 DJIThe Dow Jones have been left behind compared to the SPX and NDX but the chart still looks pretty good. We have a hammer 25-May after a months long correction, followed by a full green candle. This is a reversal signal with confirmation the next day. We just need to see follow up on Monday but looking at the three major indexes together, SPX, DJI and NDX, we are going to call it bullish. The blue spaces on the chart is the strong support. The DJI is trading within a long-term higher low. The bias is 100% bullish. We will see how it goes but we expect it to grow in the short-term based on the current look of the chart. This can change if the support levels break. If support remains intact, up we go! Namaste.
TVC:DJILong
by AlanSantana
2
NASDAQ The weekly charts tells you what you need to knowNasdaq / US100 is approaching today Resistance A (15280), which is the High of March 2022. The pace of the rally since the start of the year has been so strong, in fact since the week of April 24th the index has posted only green weekly candles (8 today), that the 1week RSI reached a level (76.75) it last hit almost 2 years ago (on August 24th 2020). In the last 6 years, every time the 1week RSI hit that level, Nasdaq made a top and corrected either immediately or in a few weeks. On all those times, there was a clear Support Zone for the RSI to place your buys (47.90 - 52.90). Also on all cases the price corrected to at least the 1day MA50. This isn't primarily an invitation to sell what is obviously a bullish trend but rather take some profit of the index (or shares) in order to lay off some risk and enter again at a better price as suggested by the 1week RSI and the 1day MA50. Our long term target is the 16840 All Time High (Resistance B) by December. Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100
by TheCryptagon
2
NASDAQ: Approaching the March 2022 High on Fed week.Nasdaq is having an enormous rally since last December and the Double Bottom, with even the 1W time frame turning massively overbought (RSI = 74.522, MACD = 645.290, ADX = 53.716). The Double Bottom was formed on the Zone of the All Time High before the COVID crash. The market has filled a massive gap and this is why it has been rising so aggressively since the start of the year. History has shown that overbought levels can extend rallies for a short while before pull backs. The Resistance ahead of us is R1 (15,280) and the Fed Rate Decision on Wednesday will be critical for the trend of the next 4-5 weeks. A closing above it can target the ATH regardless of the massively overbought technicals. A rejection can start a medium term decline near the Demand Zone. That would be the new entry point for long term investors. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NASDAQ:NDX
by InvestingScope
14
Japan Inflation Ni225 | JPYUSD problematic situation unfolding Seeing major problems unfolding in Japan right now due to the QE of Japanese Government Bonds. This is almost like a repeat of 1980-1990s Japan's M3 has gone exponential to the point some of this Yen is causing local inflation to rise. When Japan was forced to raise rates due to the Ni225 creating unwanted inflation Japan's equity market imploded and the rush to Japanese YEN commenced. This caused the Japanese YEN strength against the US Dollar to to climb flooding purchasing power back into the US equity markets contributing to sending the Dow 478%. Talk about a problematic situation if Japan's Inflation bubble gets too big in Japan its going to send them back to the 80s. We are at the start of a few G7 countries losing control of their entire financial system that leads to Hyperinflation. 225% Government debt to gdp is never scary, well until inflation starts to rise and you now need to deal with it.
TVC:DJI
by FederalXBT
NASDAQ Can cross above 2 Channels and reach 15100 now.Nasdaq has been trading inside two Channel Up patterns, one on the medium and one on the long term, which we've outlined in all recent ideas. The current bullish wave has identical measures with those of the 2nd part of March and 2nd part of January. It is highly probable with the current buying momentum to seek and complete this impulse and break over both Channel Up patterns. Trading Plan: 1. Buy on the current market price. Targets: 1. 15100 (Fibonacci 1.618 level). Tips: 1. The RSI (1d) has formed a Double Top on a clear 76.55 Resistance. If it reaches that level before the price hits 15100, close the trade on whatever profit you have made. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
4
NDX - Rising Trend Channel [MID TERM]🔹NDX shows strong development within a rising trend channel in the long term. 🔹NDX has risen strongly since the positive signal from the DOUBLE BOTTOM formation at the break through resistance at 12042. 🔹NDX has support at 13000 and resistance at 16500. 🔹Overall assessed as technically positive for the long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NASDAQ:NDXLong
by wavepoint99
NASDAQ: Bullish as long as the 4H MA100 holds.Nasdaq is having a standard technical pull back turning the 4H time frame neutral (RSI = 52.452, MACD = -2.890, ADX = 30.912) but the 1D remains bullish as since March 13th, the index has been trading inside a Channel Up pattern. As the chart shows, every crossing under the 4H MA50 has been a buy signal (2 times) unless when the 4H MA100 broke as well, in which case the downtrend was extended to the 4H MA200 (2 times also). The 4H RSI has a clear Buy Zone and it just bounced on it, so we're already bullish (TP = 14,950). If though the 4H MA100 breaks, we will open a short term sell as well, targeting the bottom of the Channel Up (TP = 14,000), where upon contact with the 4H MA200 we will add a 2nd buy. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
3
NASDAQ starting a short term correction.Nasdaq got rejected near the top of the 6 month Channel Up. The narrower Channel Up however made an exact Higher High and the rejection today is a natural technical consequence. This is most likely starting the 3rd correction wave. Each wave has been less aggressive than the previous. The breaking under the 4hour MA50 is the sell confirmation. Target the bottom of the short term Channel Up and the 4hour MA200. Buy on the 4hour MA200 and target 15280 (Resistance A, High of March 29th 2022). Previous chart: Follow us, like the idea and leave a comment below!!
CAPITALCOM:US100Short
by TheCryptagon
15
Is the lagging S&P500 a better buy option than Nasdaq?Nasdaq's (NDX) incredible run (left chart) since the start of the year (+37%) has seen the index break above the Last Lower High of the Bear Cycle (13730) while at the same time avoiding a Death Cross on the 1W time-frame in epic fashion. It even broke above the RSI Resistance of the price's ATH (when the index was on its All Time High). At the same time, the S&P500 (SPX) is obviously lagging behind (right chart) as not only the RSI is below its ATH Resistance but the index itself is only now approaching the Last Lower High of the Bear Cycle. The question is, can the S&P500 be a better buy opportunity than Nasdaq since it is underperforming. Well being overperforming doesn't necessarily mean that Nasdaq is overvalued. Investors clearly thought at the start of the year that the technology sector would fuel the economy out of the 2022 inflationary Bear Cycle. However, it is also clear that the S&P has three target ahead of it (Last Lower High, First Lower High of Bear Cycle and the ATH), while Nasdaq two. In % terms, a ATH hit for the S&P500 from the current level would be a +12% rise, while for Nasdaq a 14.50% rise. Not that big of a difference on long-term terms and that has a lot to do with the fact that Nasdaq declined more that -37% during the 2022 Bear Cycle, while the S&P500 -27%. As a result, any buy between the two would be justified, even though a good pull-back on NDX would be more appealing to buy and couldn't be overlooked. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NASDAQ:NDX
by TradingShot
12
NDX possible 5-wave impulseSimilar to my SPX idea, the NDX seems to be forming a 5-wave impulse off the back of the AI enthusiasm. I expect a bullish pullback to pull the index lower towards the 61.8% Fibonacci retracement level of $14,000 which will flip from a resistance to a support. A break below $14,000 will allow the index to slide into the support range between $13,500 and $13,700. A break below the 50-day MA currently at $13,330 will invalidate the 5-wave impulse. In terms of technical indicators, the daily RSI is heavily overbought which supports the notion of a pullback towards the support range. The daily MACD is holding a strong buy signal, but it is showing signs of rolling over.
NASDAQ:NDXLong
by Goose96
NDX fantastic short opportunityI have to admit, most, if not all, Elliott Wavers were shot in the head this year with the rising market. Personally, I was caught off guard by the strong upmove too. For any EW and macro speculator, the upmove in 2023 don't make sense. It is irrational. In fact, it could be irrational exuberance again. But as time passes, the truth starts to unfold: the market capitalisation weighted indices were really being upheld by a few names. The rest were really flat or down. What this means is that the market breadth is not there for this rally. And this is something that is peculiar to this market because of the high market cap of a handful of companies. I don't think the original creator of the index thought that this could happen, but it did. Nevertheless, I would admit that this is really another bold attempt to call a market top (or really, a correction top). Disregarding EW technique which is either hated or loved, just look at the risk-reward for this trade. It doesn't make sense to go long, if this is the only rationale a trader needs to decide which side to trade on. Good luck!
NASDAQ:NDXShort
by sngyuchao
2