Nasdaq Unleashed -Today’s thoughts: 01-NOV-2024Happy New month Traders. Let’s dive into today's Nasdaq market analysis. Share insights, and potentially spot opportunities for good pips.
NDQ trade ideas
NAS100USD / TRADING UNDER EARNING Q3 / 4HNAS100USD / 4H TIME FRAME
HELLO TRADERS
Initial Achievement , Prices have reached a target with a profit of +350 pips, indicating successful movement in the predicted direction.
Current Trading Range , Prices are currently within a Fair Value Gap (FVG) between 20,549 and 20,410. An FVG is an area where liquidity may exist, so prices might experience some consolidation here.
If prices break below 20,146 (the demand line) and hold there, this would likely confirm a downtrend , A demand line often indicates support, where buyers might step in to prevent further drops.
Stabilizing within the FVG (above 20,410) suggests potential to reach 20,820 and further to 20,968 , If prices stabilize above the demand line, this would indicate strength and could push prices towards the target.
Overall Sentiment , The analysis concludes with an upward pressure bias, suggesting the analyst anticipates more bullish movement despite potential consolidation zones.
NASDAQ 100 Sinks on AI Cost Woes - Full Target Breakthrough HIT!NASDAQ 100 (NDX) Analysis using Risological Swing Trader:
In the 15-minute timeframe, NASDAQ 100 (NDX) demonstrated a powerful bearish move, with all targeted profit levels being achieved in a swift drop. This short trade setup showed significant follow-through as investor sentiment shifted negatively due to concerns over escalating AI expenses reported by Wall Street's megacaps.
Key Highlights:
Entry Level: 20,429.42
Target Levels:
TP1: 20,323.94
TP2: 20,153.26
TP3: 19,982.58
TP4: 19,877.10
Stop Loss: 20,514.76
Context:
This bearish momentum aligns with Wall Street’s close on a lower note as major tech giants highlighted rising costs linked to AI developments. The day's range fluctuated between 19,880.26 and 20,227.19, underscoring the volatility and risk aversion among investors. The setup capitalized effectively on this negative sentiment, reinforcing the bearish outlook.
Summary:
This trade on NASDAQ 100 hit all targets with precision, benefiting from the broader market's reaction to heightened cost pressures in the tech sector. This downward move underscores the impact of macroeconomic concerns on equity performance, particularly in high-cost sectors like AI.
NAS100 - Is Optimism Faltering, or a Healthy Correction?20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
First a correction attempt, then continuation of the red game.
If 19600 confluence of support holds, we might see a short-term bullish reversal.
KEYNOTE:
This is NFP DAY!!, make sure you check your calendar before each session always!
I deeply appreciate you taking the time to study my analysis and point of view.
US100 Trade idea Nov last weekWe can see more volatility next week and we can see big moves ahead of election.
Trade with Sl
Mentioned three Scenarios for trading next week.
MS and META brought down the entire index
USTEC continued its decline following disappointing earnings from two major tech stocks. Despite Apple (AAPL) and Amazon (AMZN) reporting earnings and revenue above expectations, Apple’s shares fell in after-hours trading due to weaker sales in China. Meanwhile, the VIX has climbed to its highest level since Aug, signaling potential headwinds as elections approach.
USTEC declined steeply and failed to hold the 20000 threshold. The index broke the channel’s lower bound, and EMA21 has death-crossed EMA78, sending a bearish signal.
If USTEC fails to re-enter the channel, the index's downtrend may extend to 19700.
Conversely, if USTEC breaches 20140 after re-entering the channel, the price may gain upward momentum to 20680.
NASDAQ is Approaching An Important SupportHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 19600 zone, NASDAQ is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 19600 support and resistance area.
Trade safe, Joe.
NASDAQ Bottom of the Megaphone.Nasdaq is trading inside a Megaphone pattern on the (1h) time frame.
The price is very close to its bottom, which starts to signal a buy.
Each of the previous two bottom rallies, hit at least the 0.786 Fibonacci level.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 20450 (litle under the 0.786 Fibonacci level).
Tips:
1. The RSI (1h) turned oversold. A strong buy indicator.
Please like, follow and comment!!
"US100 Bearish Bat Pattern Signals Potential Trend ReversalIn the US100 market, a Bearish Bat pattern has formed, signaling a potential trend reversal. This harmonic pattern typically suggests that an upward trend may be losing momentum, opening up the possibility of a downturn. The Bearish Bat consists of four legs labeled as X-A, A-B, B-C, and C-D, where each segment aligns with specific Fibonacci retracement and extension levels. When the D point completes near the 88.6% retracement of the X-A leg, it acts as a potential reversal zone (PRZ), indicating that sellers may enter the market, leading to a bearish shift in price. Traders often watch for confirmation at this PRZ to initiate short positions, setting stop losses just beyond point D.
Price hit Daytrading target successfully on NQHello traders,
After building a beautiful set up and waiting from yesterdat for price action to give us a high probability winning trade, price hit target successfully and and moved to our favor as i described. I am really very happy with the trade of today.
Good luck everyone and Happy trading.
US100 Short IdeaWednesday US100 already making Smart Money Reversal.
Today is expanding toward the targets.
Only Paper this due to tomorrow of NFP and Election
NAS100 - TIME TO ENTRY AGAIN Team, NAS earlier we had two target hit
We are now attempt to entry at 20020-20045
stop loss 19900
target 1 at 20115
Target 2 at 20205-15
Target at 3 20285-96
Once target 1 hit, take 50% partial, and bring stop loss to BE.
NQ is losing momentun and going redHello traders,
As you can see The Nasdaq is starting to lose momentum after being bullish for several days. This is because NQ came back from strong levels, the daily 20.790 and the weekly 20.296.
From a 1H chart point of view, the price made a beautiful pull back on the weekly getting strong momentum then was rejected downward looking for the next daily level of 19.973 giving us a beautiful short trade.
If price hit the daily level and gets rejected, look for a pullback then go long searching the next daily level 20.144. But if price breaks the daily 19.973, wait for a pull back then go short searching the next weekly 19.760.
Good luck everyone and Happy trading!
us100, nasdaq another strong buy into 21k, ive been long since 19400 looking for 22k, but this is probably the best short term entry ive seen so far. stoploss could be set at 20200 or a little lower is good aswell.
goodluck
US100 ALMOST RIGHTWe got the move perfectly right, only we thought it would happen an hour later for the 15:30 session ;
now it is aiming at a conglomeration of KL and trend limits, meaning it will bounce hard at 15:30 when it finally reaches the limit ;
be advised.
Nq potencial bullish flatSeems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
Nq potencial bullish flat Seems like NQ is in a Bullish flat formation, that will take another few weeks maybe couple months to resolve.
Still Bullish longer term as long as August low is not pierced!
Long around b (in blue) of 3 (green) to new ATH's... then we'll be looking for signs of bearishness and entry to short for a big 5 waves down!
NASDAQ 100 - 31/10/2024 Daily IdeaSetup for today. Oversold conditions.
Once news drops we should expect a sweep of the lows at 20,115 grabbing sell-side liquidity then expecting the price to shoot up to fill the daily gap that was made at the start of the new trading day. This is in line with the continuation of the upward hourly trend which will grab buy-side liquidity. Beware of potential new ATH today after major earnings are reported.
NAS100 - LIFE GIVE YOU A SECOND CHANCETeam, NAS100, you know you love it
lets bring it to the moon when the US market open
Entry slowly at 20198-20215
STOP LOSS at 20155
target at 20245-52 - once it hit the target, bring stop loss to BE
Target 2 at 20265-72
Target 3 at 20292-20315
How AI is Becoming a Bearish Factor for the Nasdaq 100How AI is Becoming a Bearish Factor for the Nasdaq 100
In 2024, the Nasdaq 100 index (US Tech 100 mini on FXOpen) has risen by approximately 20%, with optimism around the integration of artificial intelligence (AI) acting as one of the bullish drivers.
However, yesterday's reports from Microsoft (MSFT) and Meta Platforms (META) indicated that AI, as a factor influencing stock prices, may be shifting from a bullish to a bearish driver. The issue lies in the rising expenses that these tech giants are incurring in the race for leadership in this area.
Earlier today, we noted that due to increasing expenditures, MSFT shares fell by roughly 4%, despite a strong earnings report.
A similar trend is seen in Meta Platforms' stock: actual earnings per share and gross revenue exceeded analysts’ expectations. However, due to high capital investments, META shares in pre-market trading today are around 3% lower than yesterday's opening.
Meanwhile, technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) index chart indicates several bearish signals:
→ Since mid-September, price fluctuations have formed an ascending channel, constructed using linear regression (shown in blue). However, following the reports from Microsoft and Meta Platforms, the index value has sharply dropped from the upper half of the channel to its lower boundary.
→ The pattern of peaks A-B-C-D shows that bulls find it difficult to maintain momentum: each successive peak only slightly exceeds the previous one, followed by a decline.
Considering this information, it is reasonable to assume that the current ascending channel may be unable to drive the price to the July 11 peak and could be breached by bears. Additionally, the formation of a bearish channel is not out of the question (its preliminary outline is shown in red).
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
BUY NAS100A very good idea on NAS100, it has been on a consistent uptrend, and now is a good opportunity to get in on the buy.
NAS100 SELL ANALYSIS DOUBLE TOP PATTERN Here on Nas100 price form double top and there is a chance of falling more if price reach 17425.24 and so trader should look for SHORT and target profit of 15895.37 and 14449.34 . Use money management
Is The NAS100 Set For Possible Bullish Move? Key Price Action Si👀👉 The NAS100 is showing bullish momentum across the monthly, weekly, and daily charts; however, a notable pullback is occurring at a critical support level. I’m monitoring this area for a potential buying opportunity that aligns with the key criteria discussed in the video. In this analysis, we’ll identify important price action signals to watch and outline strategic positioning for the next potential move. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. 📊✅
