NQ UpdateRSI hit overbought, looks like it pulled back.
ECB and Fed speakers tomorrow. Not sure what the pump is all about this morning since I'm not trading, but I might take a stab at some put options overnight.
I don't have much faith in the central banks actually doing their jobs correctly, so going light. Either way, I wouldn;t hold any long positions tonight.
NASDAQ 100 CFD
17 Jan US pre-opening (M30)17 Jan US pre-opening (M30, Intraday,)
Weakening of demand observed, with possibility
of short on test of recent high
Plan:
1) If channel's supply line becomes resistance,
e.g, price close below channel supply line, and
is resisted, look for short.
2) If price close above channel, and price shows
support, look for long.
Feels like the market is coiled up like a spring Bulls take a position, get trapped; bears jump in and get trapped as well. A coil.
Stops are placed. As they should.
If the coil breaks out, half the crowd will quickly be wrong and bail.
The market will eventually pick a way, discover price. Up down, cant do sideways forever.
Crypto is rising, cpi is slowing. gasoline is cheaper.
Cnn sentiment index is at 'greed".
Percentage of stocks above moving averages is elevated. Vix is in downtrend and low end of range.
Valuation is still above historical 15 PE and shiller PE is near 29.
Many stocks are at 20 plus PEs, especially large caps, despite analyst show slower growth.
old trader sayings:
"from failed moves come fast moves"
"stocks move in the direction that hurts the most people"
"stocks always go up"
"buy high and sell higher"
Sound financial guidance recommends you only invest money you wont need for 5 years or more.
Good luck and dont risk money you can't afford to lose.
QQQ RTY IWM
NQ1! NAS100 NASDAQ 2023 JAN 15
NQ1! NAS100 NASDAQ 2023 JAN 15
Did 2 trades last 2 weeks based on Scenario1 from 01 Jan's Analysis.
Intraday Test and Accept Long at 10787, TP200pts, and continuation
long on retracement on Tue 10 Jan
No demand on uptrend on all 3 TF analysis, minor weakness but
no trend changing weakness yet. Will look for long on retracement.
Possible scenarios:
1) Long if accepted at 11385
2) Short if rejected between 12400 - 11908.50
3) Breakout of rotation = possible long if price continues to trade
at upper boundary of rotation zone.
4) If Rotation happens between 12400 - 11908, trade at boundary
of range.
Volume Analysis:
Weekly = Low vol up bar close at high = No Demand
Daily: Low vol up bar close toward high = No Demand
H4 = Low vol up bar close off high = No Demand
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
12987 12400 - 11908
11729 11385 10710
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
$VIX close to lower end of rangePre-market we're looking for RED
Sold lil more #stocks after posted we did some selling yesterday (posted elswhere)
Have💵& tons of leverage (only use on occasion)
$NDX should open around yellow line 11270s
$DJI support around 33800s
$VIX clobbered, due for bounce
Have a great trading day!!!
Nasdaq Analysis 12.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Will Powell's speech spark another rally or spook the market?In our previous post on the Nasdaq index, we stated that the bullish breakout above the descending channel would bolster the bullish odds in the short term. Furthermore, we said that in such a scenario, we would closely observe volume and the ability of SMAs to halt the price rise. Interestingly, after the breakout, NQ1! jumped approximately 3.8% and stopped slightly below the 50-day SMA before returning below the 20-day SMA (falling within the scope of natural retracements after the price deviates too far from a moving average). At the same time, the volume picked up, reflecting an increase in selling pressure.
Despite this bullish development, we remain bearish on the index, which follows what we stated before about the breakout not impacting the primary bearish trend. Therefore, today, we will pay close attention to Jerome Powell’s speech. We expect him to reiterate that the FED will stay committed to hiking rates throughout 2023 and achieving its goals over time. Depending on Jerome Powell’s tone, market participants might find signs of a pivot in his words, potentially sparking more upside in the short term. Contrarily, an overly hawkish tone might spook the market into selling. Therefore, we raise a word of caution over a potential increase in volatility.
Expected dates of upcoming earnings for FAANG stocks in 2023:
Netflix - January 17th
Alphabet - January 31st
Meta Platforms - February 1st
Apple - February 2nd
Amazon - February 2nd
Illustration 1.01
The picture above shows the daily chart of NQ1!. The yellow arrow indicates the breakout above the upper bound of the descending channel.
Technical analysis
Daily time frame = Slightly bullish
Weekly time frame = Neutral
Illustration 1.02
Illustration 1.02 shows the daily chart of NQ1!. The yellow arrow indicates the retracement to 20-day SMA and 50-day SMA. To support a bearish case, we want to see the price stay below the 50-day SMA. Additionally, (ideally) we want to see a further increase in volume accompanying a price decline, followed by the breakout's invalidation.
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.
QQQ Nasdaq 100 ETF Santa Rally U.S. stocks tend to rise during the Santa Claus rally period.
The Santa Rally is considered the last five trading sessions of the year and first two of the new year.
Since 1950, the S&P 500 has traded higher 78% of the time during the Santa rally period for an average gain of 1.3%.
My price target for QQQ Nasdaq 100 ETF is $273.
Looking forward to read your opinion about it.
$NDX shows technical strengthening on 4HREncouraging for $NDX
Start top left, left > right, then bottom left
Can u c cup forming? 30Min shows it best
#NDX 4Hr Bullish crossover, strengthens daily
Daily, struggling here, thick yellow line on last chart
$DJI Inverse Head Shoulder still in play
$QQQ $VXN $TQQQ $SQQQ
$ILMN gapped down provided nice opportunity$ILMN gapped down
Jan 20 190 P were selling for $7.3+ on gap down
Risk reward worth, took stab
#stocks #options
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Up 50% in a few minutes
But will hold $ILMN Puts, believe it goes higher
Gap @ 204
On the chance we get put, doubt it, but in the chance, it's in a channel 180 - 240
-
Daily in a nice channel
$TSLA 1Hr forming Inverse Head & Shoulder - Short term bottom?$TSLA
1Hr & 4Hr forming Inverse Head & Shoulder
COULD be short term bottom, waiting
-
That was original post
-
Lil bit later
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$TSLA took another $3 hit
Sold $115 puts, chance we get PUT but it's okay
Risk Reward is good here
#stocks #ElonMusk
@elonmusk
#TSLA #TESLA
Nasdaq to find support at previous highs?NASDAQ - Intraday - We look to Buy at 10965 (stop at 10865)
Majority of the initial daily gains being overturned.
An overnight negative theme in Equities has led to a lower open this morning.
Economic figures could adversley affect the short term technical picture.
Bespoke support is located at 10965.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Our profit targets will be 11235 and 11310
Resistance: 11235 / 11270 / 11309
Support: 11000 / 10966 / 10904
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
🚘 Yes! A Bounce But, How Far Up Can It Go, Tesla?Yes... A bounce but, will it continue higher?
And if yes, by how much?
The only thing we can do is to read the chart and offer our perspective based on the information coming from it and our experience.
The peak price was hit 4-November 2021 at 414.5.
A low was hit 7-January 2023 at 101.81.
That's a drop of 75.44% (-75.44%).
Let's get started...
Make sure to Boost 🚀👍 to show your support!
The first thing to notice when looking at the TSLA stock in answer to our question is the strong increase in trading volume.
As mid-December came in, volume started to increase strongly.
Putting us in alert, as change signals change.
A low was hit late December then another two lower lows early January but pretty much at the same level... Only few points lower than the December low. This signals that the bears are losing strength.
As the volume continues to increase, the RSI reaches oversold and now TSLA is moving above EMA10 on the daily timeframe...
There were also several gaps left open on the way down and a strong support level turned resistance that needs to be tested/confirmed.
After a strong impulse, it is normal to have a corrective wave.
In this scenario we have a bearish impulsive and the corrective wave move to the upside.
Still, we do not predict nor guess what will happen next...
As traders, we use this information to trade.
Here goes the logic/example:
1) Buy and hold with a bullish bias...
2) If prices move and close daily below 100, we close the buy at a loss (very, very low risk).
3) If there is a bullish follow up, we sell on target (at resistance) on the way up... WIN!
That's it.
Tesla went down strong and now the bias/potential is switching and we are aiming up.
It is hard for me to say how far up it will go, the macro-economic environment might put some pressure on this stock but we can always track it step by step... It is very easy to read the chart.
Namaste.
$NDX means risk coming to playCopy post & continuation from posts not done here
Letting trades sit for moment
Called #risk coming, $NDX vs $DJI
#NDX almost 4x the performance today
NOT SAYING it's "over" but risk reward = GREAT #Bullish
For Friday volume was GOOD
Overall buying coming in last few days
Still like value but have lots of $TQQQ
#stocks
Hard to post all we write here, sorry!
NDX Weekly Volatility Analysis 9-13 Jan 2023 NDX Weekly Volatility Analysis 9-13 Jan 2023
We can see that currently the implied volatility for this week is 3.83%
With this in mind, currently from ATR point of view we are located in the 81th percentile.
Based on this, we can expect that the current weekly candles ( from open to close ) are going to between:
*For calculations, I am using the data since 2022*
Bullish: 3.24% movement
Bearish: 3.3% movement
At the same time, with this data, we can make a top/bot channel which is going to contain inside the movement of this asset,
meaning that there is a 23.6% that our close of the weekly candle of this asset is going to be either above/below the next channel:
TOP: 11574
BOT: 10680
Taking into consideration the previous weekly high/low, currently for this candle there is :
36.46% probability we are going to touch previous weekly high
66.3% probability we are going to touch previous weekly low
Lastly, from the technical analysis point of view, currently from
Daily timeframe indicates -53.33% BEARISH trend from the moving averages index
Weekly timeframe indicates -80% BEARISH trend from the moving averages index
Monthly timeframe indicates -26.67% BEARISH trend from the moving averages index
Nasdaq will go down to 10480 🔻Good luck everyone....
Nasdaq will go down to 10480 🔻
Then from 10480 it will climb aggressive to 11900 and above
This my own ideas 💡
Risk is your own
Be happy 😊
Nasdaq Analysis 06.01.2023Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis:
$NDX is DO or DIE time!🚨🚨🚨
LAST LINES for $NDX
#NDX Triple Bottom daily, you see it?
MACD & RSI look ok
1 of 2 LONG TERM
Daily broken
Weekly Jeopardy
Monthly have rest of January, IMPORTANT
$QQQ $VXN #QQQ #VXN #NASDAQ100
-
Hard to post all the info we provide
Been trading $TQQQ $SQQQ puts & buy them outright on top of all the longs in individual stocks for longer term holds
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Back in Puts, Sold $TQQQ 16's, high 70's this morning for 1 week hold, like risk reward