NASDAQ The rally is far from overNasdaq is trading inside a long term Channel Up and is staging the second bull leg to its Top.
The market formed a Golden Cross (1d) four weeks ago, the first since May 22nd 2020.
Trading Plan:
1. Buy on the current market price and as long as it stays over the MA50 (1d).
Targets:
1. 13730 (Resistance 1).
Tips:
1. RSI (1d) remains over its MA period and reveals exactly where the price is at in relation to the previous bull leg (around January 30th).
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Notes:
This is a continuation of this trading plan:
NASDAQ 100 CFD
🥇 Gold Futures: The Recovery After Melt In Bear HugThis publication was partially created by ChatGPT AI, under request to Offer Twenty Practical Tips On Why People Should Buy Gold.
Good or bad, y'all be the judge. But here's what ChatGPT said...
1. Gold is a stable asset that is not subject to inflation and market changes.
2. Gold can serve as a good way to protect against economic crises and political turmoil.
3. Gold is highly liquid, which means it can be easily sold at any time.
4. Gold can be used to diversify a portfolio and reduce investment risks.
5. Gold is a universal asset that is recognized and valued throughout the world.
6. Gold can be used as collateral for a loan or loan.
7. Gold can be used as a gift or legacy.
8. Gold can be a store of value that will retain its value over time.
9. Gold can be used to create jewelry, which can also serve as an investment asset.
10. Gold can be used as an indicator of economic stability and inflation.
11. Gold can be used as a means of payment or exchange.
12. Gold can be used as an investment strategy on a long-term basis.
13. Gold can be used to craft collectibles that can increase in value significantly over time.
14. Gold can be used to create electronic payment systems that are based on the blockchain.
15. Gold can be used to create new types of investment products such as ETFs and futures.
16. Gold can be used to protect against currency fluctuations and devaluation of the national currency.
17. Gold can be used to hedge against inflation risks and government monetary policy.
18. Gold can be used to protect against the risks of geopolitical instability and war.
19. Gold can be used to protect against the risks of financial crises and bank failures.
20. Gold can be used to create an investment portfolio that provides stable income and risk protection.
Gold Futures technical picture indicates on recovery after melt in bear hug, as a result of Gold prices break its 52-Week High.
$VIX @ lower level & indices closing in to MAJOR RESISTANCEApril has been the most profitable month over the last 2 decades for #stocks.
The SP 500 has been positive 80% of the time with a 2.5% return.
Posted on this yesterday, but not here.
ATM we're @ the lower end of the $VIX & close to resistance levels for indices; $DJI $NDX $SPX $VIX
Nasdaq -> Time To BreatheHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Nas100 is currently approaching a quite strong previous structure area exactly at $13500 which is now turned quite strong resistance once again.
You can also see that Nas100 recently had a quite agressive rally of about 15% towards the upside, perfectly following my last predictions on this asset, but now I think that we are ready for a short term correction so I am now just waiting for an opportunity to get short at the weekly resistance area.
On the daily timeframe you can also see that we are retesting resistance, we also aready created some bearish structure with today's price action so I am now just waiting for a good short entry to then capitalize on a short term rejection away from the resistance area.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
NASDAQ: Targets the August High on this pullback.Nasdaq hit R1 (13,200) last Friday and with that our short term target. The 4H technicals remain bullish (RSI = 61.642, MACD = 91.200, ADX = 41.779), so are the 1D ones, within the long term Rising Wedge since October and the Triple Bottom that followed, so the trend remains bullish. After however the first 4H Golden Cross (on March 22nd) since January 18th, the current bullish leg is following that pattern of the former one. This suggests that one last pull back is possible before the price tests R2 (13,735), which is the High of August 16th. Buy the pull back, TP = 13,700.
Prior idea:
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The USA MilkshakeMy recent posts were super bearish... well not this one.
Imagine if you will, somehow, an impossible scenario. With nuclear war looming, food crisis and monetary tightening, something is triggered takes us to the moon, literally and metaphorically.
One of them, which got quite popular (for a man my size), shows an imminent VIX explosion. Maybe the VIX explosion will push everything upwards incredibly fast.
DXY fundamentals are bullish, perhaps dollar-milkshake-bullish.
If we are relieving 1996 (btw I love this year), the repercussions could be completely opposite to what everyone believes.
Take this thought experiment. A sky-rocketing dollar, and with energy bull-flagging, this could be the ideal scenario for certain companies. There are certain aspects of our daily lives that will continue to function (hopefully) no matter what happens, and no matter the cost. Food production, clean energy investments in places like here in EU (solar, wind parks), electricity production are things that will continue no matter what.
I mentioned energy bull-flagging. Oil looks that is has reached a bottom here. The following months look very bullish to it.
Footnote: This chart is about DXY*SPX. These two are behaving like opposite poles. This year had rapid bull runs and painful bear drops, all of which were caused by the immense speed of DXY. By charting this pair, we see the net-effect of cash + equities. All-in I guess??? But what should we bet on???
I am not a trader. Don't take my tinfoil-hat-nonsense as investment advice.
Tread lightly, for this is hallowed ground.
-Father Grigori
20 Reasons for Buy NASDAQ🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
✨ Eagle eye: A long-term analysis of the Nasdaq from 2003 to 2021 shows that the market has achieved back-to-back higher high closings, followed by a one-third correction. This suggests the possibility of another bull run.
📆 Monthly: The market underwent a deep correction of 61% and is expected to close strongly in March with a big bullish momentum candle.
📅 Weekly: The internal bull structure is currently strong, and the 13764 area is an important price level to watch. If the price reaches this level, it could signal a significant announcement. Therefore, I am bullish on the Nasdaq and recommend monitoring this level closely.
🕛 Daily: The Nasdaq is currently extremely bullish.
😇 7 Dimension Analysis
🟢 Analysis Time Frame: Daily
1 Price Structure: The price structure of the Nasdaq is currently bullish.
2 Pattern Candle Chart: A flag continuation pattern is forming, with back-to-back momentum candles.
3 Volume: The volume is currently decreasing, indicating a correction is expected.
4 Momentum UNCONVENTIONAL Rsi: The Nasdaq's unconventional RSI is in a super bullish zone, above 60.
5 Volatility measure Bollinger bands: The Bollinger bands are touching the upper band, indicating full bullish volatility.
6 Strength ADX: The Nasdaq's ADX shows that the bull trend has just gained strength.
7 Sentiment ROC: The rate of change for the Nasdaq is the strongest compared to other indices.
✔️ Entry Time Frame: 4-Hour
Entry Time Frame Structure: The 4-hour chart indicates a bullish structure.
Entry Move: As per the analysis, a correction is expected, so it is better to wait until the price reaches our desired levels before entering the market.
Support Resistance Base: The mid-level of the move supports.
FIB: We will use the trend line breakout for entry.
☑️ Final Comments: It is advisable to buy when the correction is complete.
💡Decision: Buy
🚀Entry: 12713
✋Stop Loss: 12493
🎯Take Profit: 13600
😊Risk-to-Reward Ratio: 1:4.26
🕛 Expected Duration:
Brace yourself, recession is comingThe US Treasury Yield Curve is currently inverted, meaning short term interest rates higher than long term interest rates.
This unusual occurrence, called a yield curve inversion, has historically been a very reliable indicator of an upcoming economic recession.
Since World War II every yield curve inversion has been followed by a recession in the following 6-18 months, and recessions are naturally correlated with decreased stock market returns.
The yield curve has not been this high in over 40 years.
Recession is coming HARD.
Read:
www.currentmarketvaluation.com
Nasdaq to see a higher correction?NASDAQ - 24h expiry - We look to Buy at 12677 (stop at 12577)
Traded to the highest level in 30 weeks.
There is no clear indication that the upward move is coming to an end.
An overnight negative theme in Equities has led to a lower open this morning.
Bespoke support is located at 12677.
12682 has been pivotal.
Our profit targets will be 12927 and 12977
Resistance: 13025 / 13200 / 13350
Support: 12677 / 12655 / 12513
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Get ready for Stock Market Crash - April 24th of 2023 hello traders,
Get ready for Stock Market Crash - of 2023
#VIX is now on a major support and growing consistently,
on the week of April 24th 2023, it will break out of resistance and shoot up.
Therefore, Bulls only have Two more weeks, then Bears will take over, and it will be the Stock Market CRASH of the week of April 24 2023.
I will be liquidating all my Long Trades during the next two weeks, and opening more short positions.
Trade:
Safe - Carefully - Determined
Good Luck and Good Profit
Edward Trader
Moving Water
#SPX500 #SP100 #NASDAQ #CRASH
Is another bad earnings season upon us? In early February 2023, we outlined how earnings recession was becoming more apparent in the tech sector, with a myriad of companies reporting massive declines in net profit on a yearly basis for 2022. Now, with the upcoming earnings season for the first quarter of 2023, we do not expect the corporate figures to get any better. In fact, we anticipate further declines in corporate profits, more outlook downgrades, and higher operating costs for many tech companies. As a result, we think this season will bring more uncertainty into the market and fortify the notion of unraveling recession in the U.S. economy.
As for the short-term, we are unsure how much higher QQQ can go. Therefore we will pay close attention to the price action and volume. At the same time, we will observe QQQ’s ability to hold above the immediate support at $313.68. It will be bullish if it manages to stay above this level. However, a breakdown below it may indicate a reversal on the horizon; in such case, we will observe Support 1 at $310.08 and its ability to stop a price decline. Regarding the upside, we will watch Resistance 1 and Resistance 2 at $321.51 and $334.42.
Beyond these short-term and medium-term fluctuations, our outlook remains unchanged. With worsening data in the U.S. economy, we expect something to snap down the road, causing QQQ to revisit its 2022 lows. Our assessment comes from the fact that the market is currently pricing in multiple rate cuts by the end of 2023. However, we do not think the FED will be able to deliver them with persistently high inflation; as a matter of fact, even Jerome Powell dismissed any plans for rate cuts in 2023 during his last FOMC press conference. Moreover, as if it was not enough, the median forecast for the FED funds rate is still above the current rate, suggesting that interest rates should be higher than they are right now. Similarly worrying is FED’s unemployment forecast, which implies a recession since, historically, each 1% increase in unemployment was accompanied by one.
Illustration 1.01
The picture above shows the daily chart of QQQ. Red and green arrows depict the relationship between the price and volume. While the recent drop in volume might suggest a decline in selling pressure (after the selloff between February and March 2023), it can also indicate the evaporation of buyers near the current price levels. In general, declining volume and the rising price is questionable development. Therefore, we will keep an eye on this in the following days to get more clues about the whole picture.
Technical analysis gauge
Daily time frame = Bullish
Weekly time frame = Slightly bullish (weak trend)
*The gauge does not necessarily indicate where the market will head. Instead, it reflects the constellation of RSI, MACD, Stochastic, DM+-, ADX, and moving averages.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ Well on its way to reach 14000Nasdaq crossed over the 12950 Resistance today and is simply following the long term trading plan that we shared a few weeks ago (see bottom).
The Channel Up is intact, the 4hour Golden Cross has been formed as on January 18th and the rally now enters Phase 2 above the Resistance.
The 4hour RSI is also printing the same pattern as as late January.
Target intact at 14000.
Previous chart:
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$NDX outperforming & held Fibonacci levels$NDX is still moving well
Fibonacci levels have HELD well many times since OCT
Originally when we called BULL
Next Fib level is 78%
The most likely target sine there is no MAJOR resistance along the way
12Month #NDX is interesting, no?
#stocks $QQQ $TQQQ $SQQQ
NASDAQ About to break upwards.Nasdaq rose again above the MA50 (4h) and is approaching the critical 12900 Resistance (2).
The inverse of March's rise with February's fall is very strong.
So far all Support levels of the fall got filled.
This is a strong indication that the pattern will break upwards.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 13050 (representing a +4.40%, the most common during these past 2 months).
Tips:
1. The RSI (4h) is on a Rising Support and bounced off of it yesterday. This indicates that the current rise has still considerable room left to grow.
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Notes:
This is a continuation of this trading plan:
Nasdaq Short trade looking on par - SMC explainedWe've recently had a break below the uptrend
And now we can expect downside to come.
Target SSL 11,780
SMC:
BSL - swept showing the previous high and the last few candles which Smart Money swept liquidity of buyers.
This means, we can expect the price to head back down to the Sell Side Liquidity order block giving a great Risk to Reward.
This is a text book SMC short trade setup.
Nasdaq Breakdown analysis 28/03/2023Dear traders nasdaq respected last setup as I said just follow the instructions in my chart and wait for price to react so today as you can see Nasdaq was Bearish and he was respected previous daily candle so I see if price reject zone 12664 it will be high probability to sell target will be 12435 and if he breaks above 12736 it will be chance to look for buy trade safe and good luck
NASDAQ: Just a pullback. Next target at 13,200.Despite the recent pull back, Nasdaq's 1D technicals (RSI = 56.406, MACD = 181.190, ADX = 32.325) remain bullish. The long term bullish trend is seen also on the 1W time frame where the RSI is also above 56.000. On this long term chart we can see that since the first test on R1 (12,900) on February 2nd, all MA periods have come to Support, even forming a 1D Golden Cross.
The main pattern is a Bullish Megaphone with the HH trend line defining well the Highs of October 5th, November 15th and February 2nd so far. This illustrates that the upside is significantly higher but we are happy for now to settle for the next gap fill on R2 (13,200).
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NASDAQ broke below the 4H MA50. Pull-back possible.Nasdaq (NDX) broke and closed a 4H candle below the 4H MA50 (blue trend-line) for the first time in 2 weeks. With the 4H RSI not having touched its Higher Lows trend-line yet, this is an indication that the index might pull-back some more towards the 4H MA200 (orange trend-line) - 1D MA50 (red trend-line) Support Cluster (even as low as the Symmetrical Support), before finding the new demand zone for buyers. We are buying this pull-back and target the bottom of Resistance Zone 1 at 12895. The Higher High extension though can be much greater, even as high as 13,200 on the long-term.
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Nasdaq breakdown Analysis 28/03/2023Dear traders Nasdaq respected previous setup and I suggest you to be patient this week we have some news that may ruin the market ..well as you can see in my chart nasdaq was bearish today the new weekly candle start bearish it may consolidate this week so above 12735 you’re good to look for buy and if price close below 12677 if till be change to sell good luck and trade safe