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Nasdaq100

A higher wave and then a corrective pattern or trend reversalDear FRIEND, I hope you're doing well and that the new year has started on a good note for you. I wish you success in your business endeavors and a happy new year with your loved ones. As someone interested in the Elliott Wave principle, I find it to be a valuable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market. I am sharing my analysis with you. However, please note that I am not providing any buy or sell signals. My goal is to share my unbiased analysis with you so that you can use it as a guide to make informed decisions. In the attachment, I have included my previous analysis of the same market so that you can compare and see the. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily). I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished. Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, (Mr. Nobody)
OANDA:NAS100USD
by Mehdi_Abbasi_EWP
2
Nasdaq Intraday Review – Wednesday 10 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis around 5:20am GMT. At time of analysis, the following was noted: Buy fib was drawn early this morning from swing low at A to swing high at B1…and then later in the day to swing high at B2. Retracement levels written in purple for B2 fib. Fib levels were relatively close together with less than 600 pips separating the 0.383 and 0.618 levels. This means that one can usually go in with your full lot size because the potential draw down can be handled. Market was consolidating into a descending triangle market pattern on both the 1H TF and the 4H TF (with double tops inside). This market pattern usually breaks down. Bears indeed managed to break the neckline of the double top (shown with orange lines) and market moved down the same distance as the height of the pattern. Here, price found dynamic support from 1H 20 EMA and moved back up to test neckline of the 1H / 4H double top. I usually like to be part of the restest of the neckline which is in the same direction as the overall trend (bullish in this case). This morning however, I was expecting market to move down further but when I saw the reaction to the 1H EMA, I entered. I entered half my usual position size as a buy at C. (half because I was really expecting market to move down at least to pivot point). Confirmations: - Market Pattern: Bears had broken the neckline of the double top formed on the 1H & 4H TF. Price had travelled the profit target distance and was about to test the neckline of the market pattern in the same direction as the overall trend. Price was moving up and had closed above the neckline at C. on the 15min TF. Price had also broken back into the descending triangle indicating that the break out down was a fake out. - Fib: None – this is the reason I entered only half a position because the 0.382 retracement level was at the pivot point this morning so this little market pattern break out was a very shallow retracement. - Candle sticks & trend: The candle at C. on the 15min TF closed green forming a higher high after a series of lower highs indicating that the temporary down trend was possibly over (fully confirmed by the next green 15min candle which closed above the temporary orange down trend line). - S&R: 1H 20 EMA providing dynamic support Mental stop was placed at think pink line, because if price did not retrace by the 0.618 fib level and closed below the previous D neckline then a sell would ensue. I would have entered another half position of price moved down. Market moved up 750 pips from my position and I secured at entry. I knew a real fight between bears and bulls would take place at the purple down trend line. This line is draw on the wicks of the D candles from the D Double top. The move I wanted to secure today was the bulls breaking this trend line. So I didn’t take profit at peak B2. Price came down and took me out at entry. After judging price action just before & during market open I re-entered at D. I am now secured at entry and holding in case bulls break through the purple trend line. So I will be out at entry with nothing or if the bulls break through, I suspect there will be a big move up and KA-CHING!! Fingers crossed! Hope you had a good trading day too! What could I have done differently: So I was trying to adjust my stop loss of my C. position and all of a sudden my trade closed and also my swing trade from Sunday evening. My C. trade was close to entry anyway so I wasn’t too worried about that. But my swing trade closing by accident caused serious PANIC IN THE DISCO!!!!! I usually set my profit to show as pips in MT5 (it’s a strategy to help me deal with greed and fear). So the whole time I was seeing my swing trade profit in pips. When it suddenly closed, I saw the massive monetary profit in my equity and it totally threw me off! I was like “should I just keep the profit?? It’s so much money!”….”Maybe this happened for a reason”….”This wasn’t my plan at all but maybe now that I have the money banked I should just keep it”. Eventually, after I calmed down, I re-entered my "swing trade". So now my swing trade will be two trades that I will combine in my trading journal and view ultimately as one trade. It was never my plan to close that swing trade at that moment. I decided to stick to my plan and even if market draws down and I ultimately make a smaller profit from this swing trade, it’s more important that I stick to my plan and close my trades when I want to close them based on price action. So take a moment to think about what you will do if a trade closes by accident….having thought it through before the time will assist you in those critical moments when it happens to you. TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Tuesday 9 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis around 5:20am GMT. At time of analysis, the following was noted: A double top was forming on the 1H TF (marked with purple lines). I knew that market would come down to test the neckline (marked in pink) of the D Double top that it broke through yesterday. Drawing retracement levels in the charts in purple (swing low at A. and swing high at B.) Noted that both the D 20 EMA and the 4H 20 EMA were close to the 4H – 0.382 retracement level. This created a strong area of confluence in my opinion (so I highlighted this area in yellow). I set a buy limit at C. for half on my usual position size. Mental stop was placed by the thick pink line, as this was also just below the 0.50 fib level so I would give my trade some breathing room in case market decided to test the 0.50 fib level. Ultimately, market never reached my buy limit. For me, today was a really important day for Nasdaq. If the bulls were not able to break the neckline of the D Double top that had formed previously, then we would see a further down swing of the market and a larger bearish pushdown. With the candles, pivot point + EMAs + 0.382 retracement level below the neckline of the D double top (i.e. market had ALREADY broken below the D neckline), I felt unsure of a buy because the market was already in a risky area (below the neckline). I entered a buy at D – Confirmations: - Market Patterns: formation of double bottom on 1H TF. Entered when market had broken the neckline of the double bottom as well as the D neckline (marked in pink) - Trend Line: D also represented the level where market had broken the temporary down trend line (marked in blue) and closed a higher high after a period of lower highs – signaling the end of the downtrend. - Candlesticks: Strong green candle close on the 1H, breaking D Neckline - Fib: Market had been down in the region of the 0.382 4H Fib retracement level and was now moving higher Mental stop was the same. Bulls continued the push up and eventually I closed my position in stages at E. as candles began consolidating at the level. So that 933 pips profit for me today! What could I have done differently: I could have been more aggressive and entered at about F. I already had a buy limit at C. so I was already willing to risk the buy from below the neckline at C. So when the double bottom started forming on the 15 min TF just above the level of my buy limit, I should have jumped in with my buy. But having to enter manually, I felt myself hesitating and being fearful that bears would step in at the neckline. Lesson to be learnt, if you have an ideal entry point where you set a buy / sell limit and then market forms a reversal pattern very close to your desired entry then jump in at that point and delete your pending order. If I had done that I would have had 511 extra pips in my pocket! Hope you caught this nice buy! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Monday 8 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Today was a different day for me. I planned the trade I took today over the weekend. Friday 5th Jan trading day ended with a green doji candle close on the D TF. This D candle touched the 0.618 Fib level on the D TF and closed above the 4H 200 EMA. To me this signalled the start of a bullish move, at the very least to re-test the neckline of the Double Top on the D TF (marked in pink). I decided I wanted to enter a swing trade and so I stayed up late on Sunday evening and opened a nice big buy position in the seconds as market opened on Sunday 11pm GMT. My swing trade buy confirmations: - Market Pattern – double top had formed on the D TF and price had traveled the full distance of the profit target (i.e. the same distance down as the height of the market pattern). I like to enter a trade that will re-test the neckline in the same direction as the overall trend (bullish in this case if we assume that the bear move was just a retracement and not a full trend reversal. I will consider a full trend reversal to be in place if market tests the neckline of the double top and then moves down again). - Fib – a strong fib level was reached on a high TF (0.618 on a D TF) - Candle stick – green doji on a D TF - S&R – 4H 200 EMA providing dynamic support to 2 x D candles I funded my trading account with the amount of money I was prepared to lose and I would not place a stop loss. I correctly choose my position size to handle a drawdown of 1500 – 2000 pips and if my account bust then that would be the end of my swing trade. All went according to plan, and I am currently on 3166 pips profit for the day. I did close a small portion of my position to recover my small losses over the previous days and also take some profit for my efforts today. But the majority of the trade is running. I secured my trade at entry and am now trading risk free. The plan is to wait to see if bulls break through the neckline (so far so good, but I am expecting a bearish push down tomorrow to test bulls strength). Luckily pivot point + 1H, 4H and D 20 EMA’s will be under the candles hopefully giving a push up. What could I have done differently: I am happy with my performance today. Hope you caught this nice buy! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
7 Dimension Trade idea For Nasdaq 😇 7 Dimension Analysis Time Frame: H4 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior: Break of Structure (BoS) 🟢 Swing Move: Corrective move, indicating a Point of Interest (POI) for potential reversal. Vigilance is required for a bullish reaction at this level. 🟢 Inducement: Not done yet; waiting for a proper internal bullish BoS. 🟢 Internal Structure: Currently bearish, anticipating a shift with a bullish BoS. 🟢 Decisional Order Block: About to be mitigated. 🟢 Demand Area: Identified via FVG, indicating a discounted area. 🟢 Time Frame Confluence: Daily and H4 2️⃣ Pattern 🟢 CHART PATTERNS: No significant chart patterns observed. 🟢 CANDLE PATTERNS: Various signals: Record Session count, Shrinking long wick, Change in guard with engulfing, Doji, Momentum, Inside bar, and a blended combo suggesting a potential reversal. 3️⃣ Volume 🟢 Fixed Range: Bullish dominance in these areas. 🟢 Volume during Correction: Comparatively less during correction than in impulsive moves. 4️⃣ Momentum RSI 🟢 Zone: Extremely Bearish 🟢 Range Shift: Waiting for a potential shift from bearish to sideways. Two strong bullish divergences indicate weakness in bearish momentum. 🟢 Loud Moves: Conventional RSI theory suggests an extremely oversold market, possibly signaling a reversal. 🟢 Grandfather Father Son Entries: A robust 7-star buy signal. 5️⃣ Volatility Bollinger Bands 🟢 Price is already under the Middle band. 🟢 After a strong expansion, the market is moving into contraction, indicating a potential bullish sideways move. 🟢 Squeeze breakout awaited. 🟢 Walking on the band not yet. 6️⃣ Strength According to ROC 🟢 Values: Nasdaq shows the highest rate of bullish sentiment compared to all other indices. 7️⃣ Sentiment Price action signals a clear long entry, but other dimensions like momentum and volatility tell a different story. Waiting for final volatility and momentum confirmation for a long position. ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bullish ☑️ Current Move: Corrective ✔ Support Resistance Base: FVG demand area ☑️ Candles Behavior: Bullish signals intact - RSC, Long wicks, Doji, Inside, Momentum. ☑️ FIB Trigger Event: Occurred ☑️ Trend Line Breakout: Breached but not confirmed. 💡 Decision: It's prudent to wait until the price provides a proper internal structure breakout. Once a bullish BoS is confirmed, consider a buy. I will update entry, take profit, and stop levels when triggered. 🚀 Entry: ✋ Stop Loss: 🎯 Take Profit: 2nd Exit if Internal Structure changes, also Exit 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 🕛 Expected Duration: SUMMARY: The analysis suggests a potential bullish reversal but advises caution until the price demonstrates a clear internal structure breakout. Various signals indicate a reversal, and a detailed plan will be updated upon market confirmation.
OANDA:NAS100USDLong
by Optimum369
NAS100Bounced off 16200, which was last a support in DEC 2023 and a resistance (High) in NOV 2023. Therefore level of significance 4H * Bullish engulfing candle of the low - doji followed and a possible hanging man - dive deeper for more info 1H * Bounce 3 times at 16425 : which usually is the beginning of an expected breakout - there's a potential 4th touch - next directional move will determine our stance - close above 16250, could be a change in direction - close below 16200 with a rejection (new high) of this level will be continuation to the downside. 15Min * compact candles, from impulsive break. - will impulsively open Verdict - The possible trade there is highly risky, bad RR and just placed with no expectation - WILL NOT BE TAKING THE TRADE - Waiting for better information on the market
PEPPERSTONE:NAS100
by Mhangwane1
Nasdaq Intraday Review – Friday 5 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea. I believe this bearish pushdown is a big buy retracement on the D TF and not a trend reversal. During my analysis, I noted the following: Today was NFP. I usually don’t like trading during the day of a big news event. Often times markets are muted during the day with the true volatility coming with the news event. I entered a buy one minute before NFP came out – Confirmations: Market Pattern – Price had already travelled down the full distance equal to the height of the D double top. In theory, it is at this point that often market will reverse to test the neckline of the pattern. Fib: Price was just above the 0.618 fib level of the D TF (a very high and strong TF) S&R: 4H 200 EMA My NFP buy was at A. As NFP hit I was expecting a big reaction. However, market seemed quite unreactive. For 10min price was sliding down. I was very surprised and thought to myself that if NFP can’t turn this bearish retracement around, then price will fall a long way still. I have been taking small losses in the past few days, attempting to catch the correct reversal point. But these have been quite small losses and overall, I am not too sad about them because my risk management was pretty good. But in this moment, during the 10min after NFP, fear took over and I was not able to think straight. I didn’t want to take further unnecessary losses and I was fearful that market would slip down because even NFP couldn’t introduce bulls into the game. So, I closed at B. (right on the 0.618 D fib level). As I was writing this trade in my trade journal and I was documenting the reasons for entering the trade, I thought to myself that these are such strong confirmations and that I didn’t give my trade enough breathing room. I realized then I had been too quick to react (out of fear) and should have waited to see how the candles would react to the 0.618 fib level. So basically, keeping my trade journal highlighted to me that I had acted in fear and not rationally. I took a minute to think clearly what I wanted to do and knew I was prepared to put some money on the table for those strong confirmations, so I entered a buy at C. Overall, bulls pushed up from B. by 2400 pips – this could be the start of the bullish trend again, especially as we saw the day close with a green doji candle on the D TF. When I saw the weakness on the 15min TF after price had touched the 4H EMA, I closed half my position at D. I secured my remaining half position at entry and was hoping for market to continue pushing up to at least test the neckline of the double top on the D TF. But alas, we did not get there on Friday and candles spiked down to take me out at entry. But felt really good to make some pips (950 pips) for the day! Dealing effectively with emotions is one of the hardest parts of trading. Today, fear came into the game for me, but happy that my good habit of trade journaling helped me recognize this and that I still came out with some pips! What could I have done differently: Controlled my emotions better. Hope you had a good trading day! Catch ya on Monday! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
Nasdaq Intraday Review – Thursday 4 Jan 2024I trade Nasdaq intraday exclusively Trading in GMT time zone Sharing my post day review & analysis in case it can help you :) Did my analysis at +- 5:20am GMT Usually, I am looking exclusively for a buy because Nasdaq was bullish overall and trading with the trend is always a good idea. Bears have totally dominated, with a push down of +- 7000 pips. I believe this is a big buy retracement on the D TF and am waiting for the reversal. During my analysis, I noted the following: A double bottom formed on the 1H TF (marked in purple lines). Market pushed up to break the neckline of the double bottom & temporary down trend line (marked in light blue). I entered a buy at A. – Confirmations: - Market Pattern: This was the 1st time that a double bottom formed on the 1H TF since the bearish retracement, indicating the growing strength of the buyers. Entered at break of the neckline - Fib: There was no buy fib level but there was some distance to travel to the 0.382 sell retracement (drawn at time I entered the buy and not as indicated on the chart now because swing low changed) so I felt there was enough distance for market to travel and secure my position at entry. - Candle sticks: Strong 1H momentum candle + first time we saw 2 green candles in a row close on the 4H TF, again indicating the growing strength of bulls. - S&R: Strong weekly and monthly support and resistance zone It was a risky entry because the pivot + 1H EMA were just above pushing down, so I entered 50% of my usual position size. Mental stop was place at thick pink line. 1H EMA proved too strong, and bulls were unable to break through. Took a 370 pip loss on this entry. Not sad about it because I feel it was a valid entry and worth putting some money on the table for. Bears push down further. Towards market open price was approaching the 4H 200 EMA (a very strong dynamic support zone) + the profit target of the D TF double top (marked by C. in bottom left corner – i.e., market will generally move the same distance as the height of the market pattern). When a double bottom formed on the 15min TF in this zone, I was very interested to enter a buy. However, just yesterday I said in my post “It’s ridiculous of me to think that its enough confirmation to enter a buy on a 15min TF (a very small TF). A 6000 pip bearish move will not come to a screaming halt on a 15min double bottom.” The difference now was that this pattern was forming in an area of confluence as opposed to just a random 15min double bottom anywhere in the charts. I chose to wait for the re-test of the neckline and entered a buy at B. as market was moving up again – Confirmations: - Market pattern: retest of broken neckline of a double bottom of the 15min chart - Fib: in the 0.50 fib zone on a D TF - Candlestick: inverted green hammer candlestick on the 1H (a potential bullish reversal signal) - S&R: in the zone of the 4H 200 EMA (a very strong EMA) - Trendline: none Mental stop was placed at thick pink line. I also placed a buy limit at the thick pink line as I really believed a bullish bounced would occur from this zone. Finally hit a nice buy with market moving up 1000 pips from my entry. Wanting to see a strong move up, I secured my position at entry and am trading risk free. What could I have done differently: I should have taken profit (closed a portion of my position at D.) D. represents the 5th time market tried to break this zone and on seeing weakness on the 15min TF, I should have secured some profit. Good luck if you are still trading! TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support and resistance EMA = exponential moving average
PEPPERSTONE:NAS100
by Jinxx84
US100 16396.9 +0.18 % MULTI TIME-FRAMES 🐮🐻Good Day Traders Here's a bit of a dive into the NASDAQ Multi time-frames out look. WEEKLY * Saw a sweep of some external range liquidity. * Strong Momentum Shift & a CHANGE IN STATE OF DELIVERY DAILY www.tradingview.com * The overall still bullish NASDAQ MIGHT just see some retracement into discount areas before continuation. * NASDAQ has a shift in the momentum towards bearish side in the form of Market structure shift on the daily time-frame. * looking for a possible bullish Day into Internal range Liquidity before continuation with the bears. * Retracement into internal liquidity would be great for possible shorts in coming weeks 4H www.tradingview.com * A bullish day highly favored today * looking for mitigations of bearish PD ARRAYS / INTERNAL LQ ABOVE BEFORE continuation. * Momentum post-ASIAN SESSION indicative as well 1H www.tradingview.com * Ext liquidity was taken WED NY-SESSION * just respected bullish FVG ON the hr. * A shift above the fractal High will indicate that we might close the week bullish lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ 9 AM ZAR TIME ICT SILVER BULLET EXECUTION Here is today's SILVER BULLET set-up which presented multiple entries. 1. Swept Asian highs and internal range liquidity 2. Aggressive momentum into the range. 3. 1st entry was an inversion FVG + BALANCE PRICE RANGE 4. 2ND entry classic ICT 2022 ENTRY MODEL 5. 3RD ENTRY REJECTION AT THE FVG Target > 1hr +FVG www.tradingview.com * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
CAPITALCOM:US100Short
by PULEMokhothu
Traders Adjust Their Expectations for Fed ActionFrom the beginning of November to the end of December 2023, the dollar index futures price fell by approximately 5.5%, according to the CME exchange. The weakening of the USD was caused by the sentiment of traders who expected the Fed to cut interest rates in March. As a result of the sentiment that prevailed at the end of 2023, stock indices, gold (setting a historical maximum on December 4) and cryptocurrencies rose. However, the start of 2024 indicated a sharp change in sentiment, with the dollar index futures price rising more than 1% during the January 3-4 sessions. This can be interpreted as: → during the pre-holiday period, there was a certain emotional component that helped to look into the future with optimism; → after the end of the holidays, market participants adjusted their expectations regarding the easing of the Fed's actions. Data released yesterday showed that there is no clear indication that the Fed may start cutting rates, as its members still see the need for policy to remain restrictive for some time. That is, in the first days of 2024, there was a correction of bullish sentiment at the end of 2023. In the cryptocurrency market, which is characterised by a high degree of margin (opening positions with borrowed funds), the correction turned into an avalanche of sales — the BTC/USD rate dropped rapidly to the level of $41,000, forming a false bullish breakout of the consolidation zone at the end of 2023, which we wrote about yesterday . We also note the decline in the NASDAQ technology stock index, which, according to Bloomberg, showed the worst start to the year since 2001 (the time of the dot-com crash). The NASDAQ-100 chart shows that: → the stock index price is still within the uptrend (shown in blue); → the price was within the intermediate correction (shown in red), forming a flag pattern; → the psychological level of 17,000 served as resistance. The price may be supported by: → the psychological level of 16,000, which was broken by the bulls after some consolidation in the second half of December; → the median line of the ascending channel; → a level of 50% of the A-B growth impulse, located around the level of 15,500. Price action near these levels (if reached) will provide more valuable information about how much sentiment has changed since the bullish end to 2023. 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. At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients.
FXOPEN:NDQM
by FXOpen
1
NDX Nasdaq100 Fell 8.60% After the Last U.S. Credit Downgradeitch Ratings downgraded the US debt rating on Tuesday, moving it from the highest AAA rating to AA+, citing concerns about "a steady deterioration in standards of governance." This downgrade happened following last-minute negotiations among lawmakers to reach a debt ceiling deal earlier this year, raising the risk of the nation's first default. In the past, a similar credit downgrade had a significant impact on the NDX, which fell 8.60% in just two weeks. Back in August 5, 2011, Standard & Poor's, one of the major credit rating firms, downgraded U.S. debt after another major debt ceiling battle. Jim Reid, a strategist at Deutsche Bank, pointed out that while the news of Standard & Poor's being the first to downgrade 12 years ago was substantial, investors had already adjusted their perceptions of the world's most important bond market, recognizing that it was no longer a pure AAA. Nonetheless, Fitch's recent decision to downgrade is still significant. In the current scenario, the U.S. 10-year Treasury yield has risen to 4.15%, reaching its highest level since November 2022. As for the price target for this year, it remains at $16650, as shown in the chart below: Looking forward to read your opinion about it!
NASDAQ:NDXShort
by TopgOptions
QQQ Nasdaq 100 ETF Price Prediction for 2024This was my price prediction for QQQ in 2023. I was bullish, but not enough: Considerations about 2024: In the July 2023 meeting, the FOMC chose to raise interest rates to a range of 5.25%–5.50%, marking the 11th rate hike in the current cycle aimed at mitigating heightened inflation. The prevailing consensus among market experts hints at a potential shift in strategy, suggesting that the Fed might commence rate cuts later in 2024 as inflation gradually aligns with the Fed's 2% target. Statistically, historical data indicates that approximately 11 months after the cessation of interest rate increases, a recession tends to manifest. This pattern places us around June 2024, aligning with my prediction of a dip in the QQQ to approximately $370. Given that 2024 is an election year, there's an additional layer of complexity in predicting market behavior. Despite the anticipated mid-year dip, my inclination is that the QQQ will conclude the year on a bullish note. This optimistic outlook hints at the onset of a 3-5 year AI bubble cycle, with the QQQ boasting a year-end price target of $460. The integration of artificial intelligence into various sectors is expected to catalyze market growth and innovation, propelling the QQQ to new heights by the close of 2024.
NASDAQ:QQQLong
by TopgOptions
Corrective trend continuation pattern? The end of the impulse paHello there, I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones. I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market. Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision. To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand. I hope my analysis will be useful to you in your business journey, and I wish you the best. I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you. Sincerely,
OANDA:NAS100USD
by Mehdi_Abbasi_EWP