Us100
NAS100 NEXT PROJECTIONUnder the hourly timeframe, NAS100 is currently displaying a robust bullish trend alongside a period of sideways price action. Traders are patiently observing the market for a clear confirmation of a breakout from this sideways pattern. Once confirmed, they will be able to determine the potential direction the price may take next.
NASDAQ: Entering a consolidation zone.Nasdaq got rejected again on the 4H MA50 and as the 4H timeframe turned neutral (RSI = 49.851, MACD = -15.090, ADX = 34.425), it is highly likely to see the index entering a consolidation/ accumulation phase similar to April's and June's. Depending on its length, it may even create a new, less aggressive Channel Up.
The key for the uptrend to be maintained is to hold first the 4H MA200 and second the 1D MA50. We will buy once the price hits the bottom of the Channel Up and target its top (TP = 16,400).
Prior idea:
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Dow Jones Index (US30) Technical Outlook Ahead of FED
US30 Index is currently trading on a key daily structure resistance.
The market is consolidating on 4H time frame,
forming a head and shoulders pattern.
If the price breaks and closes below its neckline (35330 level),
I will expect a bearish continuation, at least to a support line of an expanding wedge pattern.
Bearish breakout of the support of the wedge, will push the Index even lower.
Alternatively, a bullish breakout of the underlined blue structure on a daily will be a strong
bullish signal.
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US100 Trading Opportunity! BUY!
My dear friends ,
This is my opinion on the US100 next move:
The market is trading on 15600.4 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 15705.2
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
NASDAQ Is starting the final bullish wave to the All Time High.Nasdaq / US100 continues to trade inside the Channel Up pattern of the last 6 months.
The price is staging a rebound just over the 15280 former Resistance and if it holds, that will be the final phase of the bullish leg that aims at a new Higher High of the Channel Up and will inevitably challenge the All Time High at 16790.
The last two rallies achieved runs of 13.40%-13.80%.
As long as the 1day MA50 supports, which is now exactly at the bottom of the Channel Up, keep buying and target 16700.
Another strong buy indication is the 1day RSI hitting (and holding) the Rising Support.
Previous chart:
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US100 short term short potential tradeLooks like we still have some downside potential on US100. Today we failed to break the red sell zone. Looking for a further downside move tomorrow.
Entry - 15447
Stoploss - 15500 (I would like to see a 30 min candle to close above that red box)
First Target - 15390
Final Target - 15300
Let me know your thoughts. Happy trading!
A Break above 14020 Could change The big SidewaysThe number of Americans filing for unemployment benefits fell to 242 thousand in the week ending May 13th, down from an 18-month high of 264 thousand and below market expectations of 254 thousand. The latest reading indicated the labor market in the United States remains relatively tight, potentially leading to upward pressure on wages and providing the Federal Reserve with an opportunity to implement further interest rate hikes in its efforts to combat inflation.
The Philadelphia Fed Manufacturing Index in the US increased to -10.4 in May of 2023 from a nearly three-year low of -31.3 in April, and better than market forecasts of -19.8. General manufacturing activity in Philadelphia continued to decline overall but at at the slowest pace in four months. New orders (-8.9 vs -22.7) and shipments (-4.7 vs -7.3) rose from last month but remained negative while employment declined (-8.6 vs -0.2). The price indexes remained below long-run averages, with the prices received index declining further (-7 vs -3.3) The survey’s future indexes continued to reflect muted expectations for growth (-10.3 vs -1.5), with almost
37% of the firms expecting a decrease in activity over the next six months.
US futures were mixed on Thursday, with contracts on the Dow Jones down nearly 30 points while both the S&P 500 and the Nasdaq were above the flatline. Shares of Walmart were up 1.7% in premarket trading after the retailer raised its full-year forecast and earnings topped forecasts. At the same time, traders become increasingly optimistic the debt ceiling standoff would soon be solved and the US will avoid a default. Also, regional banks are also expected to extend gains when markets open. However, the latest data showed weekly claims fell more-than-expected last week, triggering fears of more Fed interest rate hikes.
I asked Chat GPT How US100 Price will changeS3
13215.8
S2
13240
S1
13251.1
R1
13275.3
R2
13288.4
R3
13312.6
My current strategy Bullish
I asked chatgpt how she sees US100 of the future.
And the answer is not too far away of my researches. I tried to visualize chatgpt answer
The blue cuve is the pojected price developement by chatgpt.
A little fun factor, so dont take it seriousely and letS STOCK TO OUR OWN TRADINGPLAN
CURRENTLY THE PROJECTED DEVELOPEMENT our own signals are sync.
But I will closely compare chatgpt tadingplan and mine. So you can do the same ,if you like.
Please feel welcomed to comment and shareyour ideas and inspire us as well.
At leasst trades do nothing else, but trading the future possible events and developements at the current time being.
Interesting is, that the most pice reverseals sync nealy closed to the prior Vps.
I remember a quote of Richar Dennis, the foundeof the TurtleTaders:
Traders ae the stundents of the makets.
US100 UPDATE LONG TILL BEAR ZONE We have closed our short position manually in Asia session,as we noticed high volume and
RSI 78
The Market is in a longer term sideways mode,but for Day traders
currently good chance to participate of minor bullish trend
Here we are in a bullish market structure from 4H timeframe perspective,
so I am looking for longs from discount zone.
If price continues the retracement,
fills the imbalance lower and
then rejects from bullish order block.
Important is that the bearish retracement must have very low volume
Only in this case I would open a lon position,as closely as to my stop zone
to minimize the risk as low as possible
Mid Term is the Market now bullish
we got Bullish buy signal
as I usually trade on day TF and higher
what is more profitable ,but also more exposure.
A combination of DAY TF Bullish signal for Day traders:
The Daily TF is Bullish
The 4 H,2H and 30 Minutes must have Bullish setups
On the lower TF then we time the entry with our confirmation filters.
and Buy the retracement
Remember:
ALWAYS work with stops
Cuz everything can happen!Everything!
NDX - Rising Trend Channel [MID -TERM]🔹RSI bearish diverges against the price, indicating downward reaction.
🔹Between support 15200 and next resistance 15830.
🔹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 Buy after a confirmed MACD Bullish CrossNasdaq crossed under the MA50 (4h) for the first time in 10 days and looks to complete a technical correction inside the long term Channel Up.
There is a Rising Support, marginally over the MA200 (4h) and near the bottom of the Channel Up to consider as buy entry.
However the recent price action has shown that the lower risk buy entries have been after the MACD (4h) made a Bullish Cross.
Trading Plan:
1. Buy when the MACD (4h) forms a Bullish Cross.
Targets:
1. 15935 (recent High).
Tips:
1. The index is overbought on the (1w) timeframe so a stronger correction (e.g. MA50 1d) is plausible. Apply tight risk management to your buys.
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US100 Technical Analysis and Trade IdeaTaking a look at the US100 NASDAQ At the moment. We can see that this has traded into a key monthly and weekly resistance level. The market is well and truly overextended and could be due for a correction. In the video we cover the trend, price action, market structure and a possible trade idea towards the end of the video. As always everything is explained in detail throughout the video. Please understand that this is not to be construed as financial advice.
US100This has to be my favourite trade of the week, missing TP by just a few pips but its good because we do not donate to the market so SL should have either been at breakeven (but that would have taken you out very early as the entry level was tested more than 4 times.
No we see the pull all the way down and we wait and watch in order to get more information of our next move.
NDX (Nasdaq 100) Index Analysis 05/01/2021Fundamental Analysis:
As we can see the Index has shown a very strong come back after the Covid-19 pandemic of March 2021 which caused the market to fall and create a panic to the world.
Since then there are lots of changes to the world and the way companies are operating, such as releasing of their premises and offices as they should have discharge lots of their employees and the work from home schemes was the main reason to cut the expenditure of these companies drastically down.
From the other hand, the market administration and governments including Banks has injected lots of funds and so called Rescue Packages and the market stimulant's packages to protect the Market from its Hard and Drastically fall to the lower levels and prevent a gigantic Global Markets Crises.
These funding and injection of the cash to these companies along side of cost and expenditure reduction due to their risk measurement policies, forced these companies to invest the receiving funds in to the companies assets to protect themselves from the Pandemic Crises and hedged their exposed risks instead of investing these funds to the new Projects or renovations which could Couse their Share prices to appreciate intrinsically but instead these investments in the assets made an inflation to the prices of the assets and created a bobble in their share value and Prices without having any inheritance or intrinsic values.
so we can easily have a decision derived from the current situation that there has to be an other market fall and crises soon so the Price and its relevant intrinsic values get converged and market comes to its correct values.
we can observe the same situation in many different centralized markets such as US500 and even other Stock Exchanges around the world like London and rest European market places to be in the same inflated status.
there exist a huge chance of an other Global Market Crises coming soon which has the domino effect and Couse the entire markets to fall for some times .
This fall of the market shall remove off the liquidity from the equity and debt market and streamflow them to some green heaven Asset classes including Gold and silver or even newly invented Technologies such as decentralized markets and Cryptocurrencies and DeFi.
if we have a look at the Current crypto's Total Crypto Market Capitalization we can see it has a very good chances of Rally Continuation to some very high levels such as 5 to 6 Trillion dollars or even much higher.
Total Market Cap of All Cryptocurrencies:
Gold even can see higher Prices such as 2500 USD per ounce which is currently ranging at 1800 USD.
we even can some how speculate a 3 world War to be the initiator of this Market fall which is even not so far from the reality as the situation in middle east is not very stable due to the Iran and Israel disputes and new anti-covid's restriction social movements in Europe and America continent.
we can see the same situation in US500:
DJI:
we shall analyze few other markets and indices and ultimately Propose some Assets which are at their low Points Currently and can be counted as under values at present times.
Technical Analysis:
we have used the Fibonacci trend base extension from the low to the Highest point even before the Covid pandemic to have a better vision of the Higher expansion levels for the post retracement's rallies and identify the Potential Price levels and resistance zones. where the market can show some stagnation and starts its retracement and price correction to the lower levels.
the Fibonacci trend base extension clearly shows that the price has touched the 261.8% which is a very critical point for the price to find its intrinsic values and correct its self by retracing to the lower levels which can be the parallels leg areas of the same Fibonacci extension levels, before its rally to the higher targets.
There exist a Bearish Divergence of Price and MACD where Price has made higher high levels but MACD made lower Highs which is the most significant and strong Bullish Trend Reversal and start of Market fall and Price retracement and Value corrections.
there are total of 2 Targets defined which have a very strong Support tendencies which can be interpreted as the maximum retracements points.
there are few support level are also defined to have a better vision of the bullish trend reversal to bearish retracements which eventually can be counted as the bearish Trend reversal points and new cycle initialization.
US100 LongUS100 is forming a nice ascending triangle pattern and looking for continuation on the upside. This could be a good entry to go long with decent Risk:Reward
Entry - 15055
Stop loss - 14900 (I would like to see a 2hr close below this level to close the position)
First Target - 15200
Second Target - 15500
Final Target - 15800
Please let me know your thoughts. Thank you
NASDAQ: Approaching Target 1. Pullback and buy for the 2nd.Nasdaq maintains the four month Channel Up and despite the technically overbought 1D timeframe (RSI = 72.574, MACD = 282.680, ADX = 39.484) it shows no signs of pulling back. We will make the most out of this very aggressive trend. Our target from the previous analysis remains near the R2 (TP1 = 16,000) and after a pullback as on May 24th, we will buy again and target the R3 (TP2 = 16,690).
We will stop buying the pullbacks after both of the following conditions are met: the price crosses under the 4H MA50 and the 1D RSI under its HL trendline.
Prior idea:
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Dow Jones Index (US30): Sideways Movement & Forecast
Dow Jones Index is currently trading within a horizontal intraday range.
Its upper boundary was reached on Friday.
Testing that, the market formed a descending triangle formation.
The neckline of the pattern was broken.
I think that the consolidation will continue on the Index
and it will reach 34300 level soon.
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