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NASDAQ 100 CFD

NASDAQ One last bullish leg possible before exhaustion.Nasdaq (NDX) easily hit the 14350 Target that we called on our last analysis (see chart below) 10 days ago: The price even broke above the 0.618 Fibonacci retracement level from the All Time Highs and hit the top of the March 13 Channel Up. However there is still some room left before hitting the top of the long-term Channel Up that started after the January 06 market bottom. A pattern that supports this argument is the 1D RSI that is trading on Higher Highs similar to January 26 2023 and August 03 2022. Those was the last phase before the final Higher High that exhausted the trend and started a correction. As a result we will pursue one final upside target at 15000 and then most likely we will see a pull-back towards the 1D MA50 (blue trend-line). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CME_MINI:NQ1!Long
by TradingShot
13
NASDAQ May be entering a short term correction waveNasdaq / NDX / US100 is near the top of the 6 month Channel Up. Since the middle of that pattern, it started to form a narrower Channel Up. So far we have had 3 correction waves inside the larger Channel Up, each less aggressive than the previous. The 1day RSI is forming a Rising Resistance pattern same with the previous in February 2nd that priced the peak of the Channel Up. Sell if the RSI crosses under its MA line. Buy a little over the 1day MA50. 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
6
Elliott Wave Forecasts Nasdaq (NQ) to Continue HigherShort term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below shows the rally within wave ((iii)). Up from wave ((ii)), wave i ended at 13494.25 and dips in wave ii ended at 13310.50. Wave iii ended at 13960.25, wave iv ended at 13794.25, and final wave v ended at 13979.25 which completed wave (i). Index then pullback in wave (ii) which ended at 13563.60. The Index extended higher again in wave (iii) towards 14570 and pullback in wave (iv) ended at 14336.75. Expect Index to extend higher in wave (v) to complete wave ((iii)). Afterwards, it should pullback in wave ((iv)) to correct cycle from 5.4.2023 low before the Index resumes higher again. Wave ((iv)) typically ends at 23.6 – 38.2% Fibonacci retracement of wave ((iii)). The target can be measured after wave ((iii)) is confirmed complete. Near term, as far as pivot at 13563.6 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.
CME_MINI:NQ1!
by Elliottwave-Forecast
3
NASDAQ There is still room to riseNasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h). The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci. The long term pattern remains a Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 15100 (marginally under the 1.618 Fibonacci extension and the 15285 High of March 29th 2022). Tips: 1. There is a secondary Channel Up (dots) since March 13th. This may lead Nasdaq to a smoother (and lengthier) rise to 15100. Please like, follow and comment!! Notes: Past trading plan:
CAPITALCOM:US100Long
by TradingBrokersView
7
NASDAQ: Overbought and in need of a technical pull-back.Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and the 1.5 Fibonacci extension (TP = 15,300). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Short
by InvestingScope
14
Stocks bull-run? Not so sure xD #stocks Everyone is currently awaiting the approval of the US national debt increase and, for some reason, they think it's very bullish. But why isn't it? The S&P index is essentially stagnant, while the Nasdaq is growing. However, this growth is driven by the seven giants, and if they are removed from the list, the Nasdaq has only grown by about 1% since the beginning of the year. Are there any positive economic factors within the US economy? No, even the Federal Reserve is considering continuing the rate hike. Now let's take a look at what happened in previous instances of US debt increase. On December 16, 2021, it increased by $2.5 trillion, essentially marking the peak of the trend and the beginning of the current downward movement, which resulted in a 36% decline. On May 19, 2019, there was a downward movement of 9%. On May 19, 2013, it went down by 7.5%. On August 8, 2011, it rapidly declined by 13%. These are not all instances; there are many more dates. So why should the market continue to rise now? In my opinion, it's simply a short squeeze or a bull trap, and a downward movement in the market will follow. Even from a technical analysis perspective, the Nasdaq has completed a correction to the 0.618 Fibonacci level. They might push it up a bit more to eliminate short positions and then comfortably head towards a test of 10-11k or until the economy regains its composure and the Fed reins in inflation.
FOREXCOM:NAS100Short
by CryptoDrakkar
4
NDX - Rising Trend Channel [MID TERM]🔹NDX shows strong development within a rising trend channel in the medium long term. 🔹ND has risen strongly since the positive signal from the double bottom formation at the break through resistance at 12042. 🔹There is no resistance in the price chart and further rise is indicated. 🔹RSI is above 70 after a good price increase the past weeks. 🔹High RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. 🔹Overall assessed as technically positive for the medium 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 -> Massively Bullish RallyHello Traders, welcome to this free and educational multi-timeframe technical analysis . On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level. You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are now a little bit overextended towards the upside, so I am now just waiting for a deeper push into the zone and then I do expect a short term rejection towards the downside. On the daily timeframe you can also see that we are just rallying towards the upside without any correction, so I am now just waiting for some bearish rejection before I then do expect a short term drop also on the daily timeframe. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis of this asset:
FX:NAS100Short
by basictradingtv
50
Markets move back into IndecisionAnother update on the US Dollar index and its negative correlation with major markets. DXY has moved back into an area of indecision with regards to recoveries occurring across markets: Bitcoin, Gold, Dow Jones Industrial, Nasdaq are all negatively correlated with the Dollar Index, with few exceptions, over the last year or more. Many of these are also at major decision areas or have recently faced major resistances to further recovery. It is possible recoveries could continue while the dollar index remains in this area of indecision, or they could also remain in an area of indecision as well. The main point here is to pay attention to what DXY does next, and: -- For as long as it continues to be negatively correlated with these other major markets, expect them to do the opposite when DXY finally breaches and remains above or below the blue box above. -- They may also do the opposite for any major moves within the indecision area as long as negative correlation remains true. This is another major update to the following post: Plus a more recent major update related to Bitcoin: And, if you'd like to use the correlation indicator I recently made for comparing multiple markets, you can find it here: Please take a moment to hit the thumbs up button if you like this idea, and I'd love to hear your comments whether you agree or have an alternative view that you'd like to share. Thank you for reading and best of luck with your analyses and trading plans! -dudebruhwhoa
TVC:DXY
by dudebruhwhoa
nasdaq 🌊Greetings, A mirror to my tableau painted for Bitcoin, I surmise that the Nasdaq is engaged in the theatrical rendition of a cycle degree fourth wave. Historically, these fourth waves are prone to a tactical withdrawal into the realm of the prior degree wave four territory. In this distinct instance, the territory in question lurks in close proximity to the abysmal pits of the pandemic nadir. A bullish harbinger would manifest should the Nasdaq maintain an altitude above these pandemic depths for the duration of this bear market. If such a trend is confirmed, i will dare to anticipate an audacious ascent to the lofty summit of $30,000 as we voyage through the decade towards the 2030 agi revolution. --- w4 - $8,100 w5 - $30,000 ☿
NASDAQ:IXICLong
by amethystphantom