NASDAQ 100From the last post, I updated it on 20th may, that it looked like a bear market rally was about to take place, which was a correct call. the target for the bear market rally is set to about 13200 and 13600. This is approximately an increase of 15 pct. and 18 pct. respectively.
These levels should spark a euphoric feeling in traders, where everybody starts to rebuy assets. But who are they buying from? the fund managers are offloading their holdings in every sharp spike and retail are buying them. This traps retail, and saves the big boiz, while retail gets f***t. Also a lot of people shorted at the bottom or between the area 11500 and 12500, so this rally is about a stop loss hunt. I expect some choppy trading to the upside.
I am hedged to the upside, but I am still net short, so if the bear market rally call goes against me, I am still short. and if the call for the downside also goes against me, I am hedged to the upside.
a win-win situation.
the economic situation is not changing soon. China and Russia are further fueling the macroeconomic crisis, and for now, we will see some relief rallies, but when the rally ends, we will go to the first down target level of 10700 as posted earlier.
Nq100
Nasdaq 100 - The market is undecided about where to go nextThe Nasdaq 100 index showed some relief yesterday after plunging on the FOMC minutes announcement. However, after the market close, the Nasdaq index gave up almost all of its gains in a flash crash. The price action has been choppy over the past week, and the market seems undecided about where to go next. We remain bearish and expect the downtrend to unravel further in the coming month. However, after more than six weeks of selling, the market strives to find some relief; therefore, we are on the lookout for a bear market rally. Although, we voice caution that this is nothing unexceptional in the bear market, and we may see the continuation of selling into this and the following week. Therefore, we will pay close attention to the sloping resistance and the downward sloping channel in which NQ1! appears. Our price target for NQ1! stays at 11 500 USD; a breakout above the sloping resistance in the Illustration 1.01 would force us to abandon our short-term price target.
Illustration 1.01
The picture above portrays alternative scenarios for the Nasdaq 100 index. A breakout above the sloping resistance will imply bullishness; however, we voice caution as it could potentionally end up as another bull trap. Moreover, anxiety among market participants remains highly elevated as retail investors continue to buy dips and institutional players sell their assets. As a result, we expect the volatility to stay persistent in the coming month.
Technical analysis - daily time frame
RSI, MACD, and Stochastic are neutral. DM+ and DM- stay bearish, and ADX remains elevated. Overall, the daily time frame is neutral.
Illustration 1.02
The picture shows a downward sloping channel indicated by yellow dashed parallels. Breakout below the channel is bearish and increases the index's odds of a flash crash. We will pay close attention to the price and whether it will manage to stay above the channel. If not, it will imply more selling pressure.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame remains bearish.
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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ 100 TREND AND WAVE ANALYSISBe sure to stick to Stop Lost and TAkE Profit. This is an idea and not a bargain offer
This is just idea, not trading advice, use at own risk.
reasons:
It is recommended to buy in this price limit
It is mandatory to pay attention to the stop loss and the target marked on the chart
Do not be greedy and adhere to the specified principles. I hope you will be profitable
Note that there is no 100% analysis and it is possible to stop flirting
This is a personal analysis and you should not enter into a transaction without review
If you know this, make a purchase
Be sure to adhere to the principles of capital management and do not invest more than 2% of your capital in each transaction.
High-risk individuals can enter a maximum of 5% of risk capital in this transaction by accepting risk-taking.
This analysis has been analyzed with the classic Elliott topics and neo wave style. Also, the principles of price action have been used.
Nasdaq (5/2/22) - BULLISH - Bullish rally coming this week?Nasdaq (5/2/22): After the announcements of the expected 500 basis-points rate hike from the FED last week, there was a mass sell-off in the markets. However, we're now getting Bullish Divergence on the RSI. This means that we are losing strength from the sselling pressure. We are likely to bottom out soon, maybe today or in the next couple of days.
Crypto: For those crypto investors/traders, this also means that we are likely going to get a Bullish rally this week/next week. Bitcoin/Crypto has been following the Nasdaq quite closely since late last year. We can see there is a direct correlation between the two and I've been using the Nasdaq as an indicator for Bitcoin.
Sidenote: We are in a BEAR market so far in 2022, so I do not believe that this rally will send us into new All-Time Highs in the stock market. I do believe we are going down much lower this year eventually. Every rally will likely end in a Bull trap and sell-off. The possibility of a continued sell-off here, even though the RSI is oversold, is always imminent as well. I would also not be totally shocked to see the market just continue down from here. However, these are my thoughts based on the current look. Will be watching and updating.
QQQ - Extremely bearishQQQ dropped a staggering 5% in the previous trading session, and by doing so, it erased its post-FOMC gains. Meanwhile, our price target of 310 USD was reached. Because of that, we would like to update our thoughts on QQQ. We continue to maintain the bearish stance as we think QQQ is due to continue lower. Because of that, we would like to change our medium-term price target of 305 USD to a short-term price target. Our new medium-term price target is 300 USD.
Illustration 1.01
The picture above shows QQQ on the daily chart. Volume bars below the graph indicate that the selling pressure has been increasing.
Technical analysis - daily time frame
RSI, Stochastic, and MACD are bearish. DM+ and DM- also show bearish conditions in the market. ADX suggests that the QQQ might be setting itself to trade within a range for the rest of the week. Overall, the daily time frame is bearish.
Illustration 1.02
As we predicted yesterday, the Nasdaq 100 futures formed a new low.
Technical analysis - weekly time frame
RSI, MACD, Stochastic, DM+ and DM- are bearish. ADX increases, which indicates that the bearish trend is gaining momentum. Overall, the weekly time frame is bearish.
Illustration 1.03
The spike in VIX confirms a bearish consensus.
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 serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
NQ1! (E-MINI NASDAQ 100) Trading Signals Daily Analysisafter a study based on the chart in front of you, I assume that the price of NQ1 will continue its downtrend until the horizontal resistance of 12376.25 USD, and if the chart breaks this resistance it is that the price will continue again the downtrend is the red field that I drew for you, as I drew you a second horizontal resistance at 14428.75 USD, that if the chart breaks the oblique resistance within a week, it means that this is the beginning of an uptrend which will continue to the horizontal resistance of 14428.75 USD, this is the green space that I have drawn for you on the chart.
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NAS100 USD NQ1! NASDAQ 2022 May 02 week
NAS100 USD NQ1! NASDAQ 2022 May 02 week
Last week Nasdaq followed scenario 2, with a break of 13025, retrace to
test demand and continued on a breakdown.
Both HTF and HI/H4 last point of supply has materialized. If there are
no surprise to disrupt this structure, we should be expecting a continuation of
downward movement. Therefore preference will be to short on retracement,
Possible Scenarios mapped out:
1) Continuation of downward momentum after break of 13025
2) To provide for the deviousness of market, the surprise aggressive retracement,
so we are mentally prepared
Weekly = Higher volume down bar closing at low, narrower range = minor strength
Daily = Ave volume down bar closing at low = weakness
H4:Average vol down bar closing at low = weakness
Price reaction levels:
Short on Test and Reject | Long on Test and Accept
16767 16481 15992
15492 15160 14391
13881 13587 13025
12801 12626 12280
Remember to Like and Follow if you find this useful.
Have a profitable trading week ahead.
BTC Bearish Case - Comparing 2017 ATH/2021 ATHBTC Bearish Case - Comparing 2017 ATH/2021 ATH
A drop out here and we could be in for a significant move.
I see you DXY
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Nasdaq100 what now episode 16Look at the chart above.. Gibberish! That's all I see. Today has been the absolute worst in terms of structure. It's Funny how it's a clear down-trend on the 4-hour even the daily. But the bulls aren't giving it a rest. Break-outs with no retest. Both parties are in a tug-of-war. If you take a sell, you lose; if you take a buy, you lose. Listen! I feel like today's a deciding day though. The bears aren't giving up neither are the---bulls.
The 4-hour time-frame however has a lower-lo hanging waiting to see if the might bulls can break the 13573 daily 23% fib level structure. What the actual hell is going on?
The daily is really close to the 0% at 13079 but the bulls said, "No sir". The weekly however, has failed to break past previous lower-lows at 13,000. Every time-frame with own madness. Today has taught me numerous lessons. The most vital still remain these two: 1. Anything can happen and 2. No two market movements will be the same. Every market's movement is unique.
I really don't know who will win today but.. If there's a break, I'll like to be on the winning side.
Love,
Lazyluchi for Nasdaqgods.
SPX500Decision time soon, are we in a 1,2 1,2 EW wave pattern that is bullish leading to 5,130-5,200 wave 3 target?
Or do we loose critical support now and start the bear market, nuke to 3,200.
I discuss in my analysis why I'm leaning towards option 1 where we hit W3 soon to 5130.
Whats your opinion? Comment below.. Thanks and BigMike loves you.
Nasdaq100 What Now Episode 12It's 19th of April, 2022. We're currently in the 12th episode of this. Here's the vibe: Nasdaq100 weekly is starting to look bullish and honestly, not going to lie---that's really weird. Because, there're two sides to this coin.
1. Dt with a BRS formation.
2. DT with a MSS formation.
So, in this video, I marked the candle to look out for and showed on different time frames. P>S: MAKE SURE TO WATCH THIS VIDEO TILL THE END TO CATCH THAT, HAHA! IF NOT, I"LL BLOCK YOU (just kidding) NO I"M NOT!
Anyway, the VXN is looking to fill a gap not sure how fast that will happen but, We'll see..
Hey! don't miss my streams. I usually give out great trades (side-note)
Do you like my idea? If yes, do me a huge favor and smash the like button, comment, and be sure to follow me to know when I post.
Cheers,
lazyluch