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Several indicators suggest that the NASDAQ 100 (NAS100) may faceSeveral indicators suggest that the NASDAQ 100 (NAS100) may face a downturn in the near future: Technical Indicators: • Rising Wedge Pattern: The NAS100 has formed a rising wedge pattern, typically considered a bearish signal indicating a potential price decline. • Overbought Conditions: The Relative Strength Index (RSI) shows overbought levels, suggesting that the index may be due for a correction. Economic Data: • Manufacturing Sector Contraction: The ISM Manufacturing PMI rose to 48.4 in November but remains below the 50 threshold, indicating ongoing contraction in the manufacturing sector. • Slowing GDP Growth: The U.S. economy grew at an annual rate of 2.8% in the third quarter, down from previous quarters, reflecting a slowdown that could impact corporate earnings. Federal Reserve Policies: • Interest Rate Outlook: Federal Reserve officials have signaled caution regarding future interest rate cuts, which may affect investor sentiment and equity valuations. Market Sentiment: • Tech Stock Volatility: Recent declines in major tech stocks, including Nvidia and Microsoft, have led to broader market pullbacks, indicating potential vulnerability in the NASDAQ 100. • Strengthening U.S. Dollar: A stronger dollar can negatively impact multinational companies’ earnings, many of which are components of the NASDAQ 100. Considering these factors, there is a potential for the NASDAQ 100 to experience a decline in the near term. However, market conditions can change rapidly, and it’s advisable to monitor real-time data and news updates for the most accurate information.
OANDA:NAS100USDShort
by US30EMPIRE
US 100 Trade LogUS 100 Buy SIgnals Two potential long opportunities have been identified, but caution is advised due to the possibility of stop runs. The market could easily disrupt both trades, so this requires close observation and adherence to the system. Discretionary judgment will play a role here, but the focus remains on structured analysis. Trade Setup : 1. Entry Zones : Buy within the 1H Fair Value Gap (FVG) or the 4H Fair Value Gap (FVG). 2. Risk Parameters : - First Position: 0.5% risk - Second Position: 1% risk 3. Stop-Loss Size : Fixed at 90 points for both trades. 4. Risk-Reward Ratio (RRR) : 1:2 for both positions. 5. Caution : Be wary of potential stop hunts in these volatile zones. Monitor closely for signs of market manipulation or sudden reversals. I am also weary of the strong divergences on both the MACD and the CVD. So be careful with risk assessment today.
PEPPERSTONE:NAS100Long
by Fondera-Trading
Nasdaq Intraday Review - Tuesday 3 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - JOLTS job openings @ 15h00 News - None Directional bias - BUY Morning analysis: M TF - Very bullish W TF - Very bullish, but at a strong resistance now. Price will need to break the prior week's highest close. D TF - Very bullish, yesterday's candle closed right at the weekly resistance 4H TF - Doji candle formed exactly on the W resistance but subsequent candles closed above. This doji level would be a good place for a mental stop loss because if candles start closing below this point, market could retrace. 4H 0.382 fib level (fib drawn from swing low at A to swing high at B.) + pivot point is far down...nearly 1000 pips from price (at time of writing at 5:49am). That's a long way down! Don't want to get into a deep drawdown situation. 30min TF - Ascending triangle forming (marked in orange lines). The resistance caused by the previous highest 4H candle close is holding candles down. But ascending triangles usually break upwards, as pressure mounts from bulls against the resistance level (although these market patterns can break either way). 2 x interest zones / areas of confluence identified: 1. Highest green highlighted area = pivot point + 4H 0.382 buy fib level 2. Lowest highlighted green area = This zone moved throughout the day at the 4H EMA moved, but eventually I settled on where it is marked now i.e. 4H EMA (at some point during the day) + 4H 0.618 buy fib level As the day progressed: Ultimately the ascending triangle broke downwards and a temporary downtrend line started forming as marked by the pink line. This line held down many candles but eventually was broken on the 15min TF and I entered a buy at the top hand icon - Confirmations: 1. Market pattern - DB formed on the 15min TF, with neckline broken upwards + also breaking the temporary down trend line. The ascending wedge market pattern profit target had also just about been met (price usually travels the same distance as the height of the market pattern once the market pattern is broken - marked with the orange vertical line) 2. S&R - seemed as though the 1H EMA was providing dynamic support 3. Trend - temp down trend was broken (price had crossed the pink line) and my buy was in the same direction as the overall trend - The trend is your friend. 4. Fib - small 1H fibs were being adhered to, but didn't really consider this as part of my confirmation 5. Candlesticks - None really Mental SL was placed at the thick pink line at about half the height of the DB. Unfortunately, price could not remain above the pink down trend line on the higher TFs and price moved down. I closed as the 15min candle closed below my stop loss. Took a loss of 250 pips, which I consider to be small and of no real consequence. I don't regret this entry, it was worth a try and the SL was tight, so not a lot to risk. Second buy entry was at blue arrow icon - Confirmations: 1. Market pattern - price had touched my green area of confluence and so I moved to the 5min TF where a DB formed and I entered on the break of the neckline upwards 2. S&R - pivot point 3. Trend - buy is in the same direction as the overall trend 4. Fib - DB formed just above the 4H 0.382 fib level 5. Candlesticks - long wicks down to the pivot point indicate that buyers are rejecting this zone and stepping in at this price level. ​ Mental SL was placed below the green area of confluence. ​ Price moved up, more than 250 pips from my entry and I secured at entry. Unfortunately, price moved back down and took me out at entry. Although I was ultimately right with my entries and direction....price was just to spiky for me today. I stepped away from my screens for a few mins at 16h00 and missed a nice entry at C. where price broke the falling wedge pattern that ultimately formed on the 1H TF (between the pink and blue lines). Was a bit bummed that I missed that one. So ultimately for me, I closed the day with a small loss, today was just too spiky for my trading system. Not complaining though because my risk was managed and I live to trade another day - "No Risk, No Magic" Hope you had a better day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Crucial day for NAS100Today is a crucial day for the NAS100 index, as it faces a critical level at 21,245. The price action here will determine the short-term direction of the market. If NAS100 manages to break above 21,245, it could signal a continuation of its upward momentum, potentially reaching new all-time highs, with a target of 22,200 by January 2025. However, if the index fails to break this level and instead stays in a range-bound consolidation for a few days, the price may hover in the current levels, waiting for further clarity. A key support level to watch is 20,700; if the NAS100 refuses to fall below this price, the index could build enough strength to push towards the 22,200 target. On the other hand, if the index breaks below 20,700, it may retest the base of the channel at 20,517. A breach of this level could lead to further downside, with 19,500 as the next target, followed by 18,300. In the worst-case scenario, a breakdown could push the index all the way down to 17,400. Thus, today's price action is vital for determining whether the NAS100 will reach new highs or face a deeper correction.
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by QuantumFusionWave
Nasdaq Intraday Review - Monday 2 Dec 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. All higher timeframes are bullish. Morning analysis: M TF - November candle closed very bullish. Candle body is +- 9'600 pips. Indicates very bullish sentiment overall W TF - Last week's candle closed in a doji formation. Could be an indication that bulls are loosing momentum D TF - Fridays candle closed right at the resistance formed by Tuesday's candle. Could Friday's candle represent the second top of a DT? Neckline would be 1'700 pips down (at time of writing). But D EMA is right at neckline, so bears would have to push very hard to break this neckline down. In the past I have noted that when we have 2 x days, like Thanksgiving, where market was closed / half day, we see a COMPLETELY different sentiment come in on market open of the first "real" day of trading. It's like the extended trading guys where doing their own thing (in this case being bullish) and then when real market comes in, sentiment could be much different and a correction could occur. So need to be careful at market open. 2 x areas of interest identified (highlighted in green) 1. 1H + 4H 0.382 buy fib level + Pivot point + D 0.618 SELL fib level which bulls will want to stay above + 1H EMA (at time of writing at 6am) 2. D EMA (at time of writing at 6am) + W 0.382 buy fib + D 0.618 buy fib level As the day progressed: Entered a buy at the hand icon - Confirmations: 1. Market pattern - Price made a DB before reaching the first interest area. DB on the 1H TF with neckline broken upwards. The second bottom of the DB (at C.) is higher than the first bottom of the market pattern. This also contributes to the bullishness of the market pattern. Entered on the break of the neckline at the hand icon. 2. S&R - candle wicks touching 30 EMA and moving up (at time of writing in the morning), i.e. 30min EMA providing dynamic support. 3. Trend - Temporary down trend line broken (marked with top green line), indicating that the downtrend is over and price is ready to resume upwards. 4. Fib - A few wicks reaching towards the 4H 0.382 fib, but DB formed quite a way above this level. 5. Candlesticks - candle wicks touching 30 EMA and moving up, i.e. 30min EMA providing dynamic support. Mental SL placed at the thick pink line. Usually, I would place my stop loss at half the height of the market pattern but because this was such a tight DB, I felt I have to place it a bit lower where the first bottom occurred. If candles started closing below this point, I would consider closing. I opened a full position size and it was a banger of a day! Market open pushed straight up! Price ultimately moved 2979 pips from my entry. I closed when price made a DT on the 15min (indicated at the top hand icon). I would normally leave a runner, but I am on a mission to build my account and so don't want to leave money on the table. Made some good moola today! Hope you did too! Laters! Stats: Price moved a total of 3195 pips today. Of the total move, I captured 2651 pips / 83%. Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Strengthening Your NASDAQ Strategy: Key Insights for Next WeekRecent Performance: The NASDAQ index has recently displayed underperformance against major indices like the S&P 500 and Dow Jones, with choppy price action and high volatility reflecting investor uncertainty. Despite other indices reaching new heights, the NASDAQ's struggle amid a generally bullish market suggests potential caution ahead. - Key Insights: Investors should be mindful of the NASDAQ's current struggles as disappointing tech earnings have dampened sentiment, indicating possible risks for new entrants. Close attention to key support and resistance levels will be crucial for making informed trading decisions. - Expert Analysis: Experts regard the NASDAQ as being at a critical turning point, with the underperformance largely attributed to the tech sector's challenges. While the overall market maintains an optimistic outlook, the NASDAQ remains vulnerable to volatility. A careful approach is recommended given the mixed signals emerging from its performance in relation to other key indices. - Sentiment Analysis: Current sentiment: 0; Last week: -40.0; Change: 40.0; Total mentions: 203. This significant sentiment shift highlights increasing optimism among market participants but continued caution is essential given recent volatility. - Price Targets: Next week targets: T1: 21,200, T2: 21,500. Stop levels: S1: 20,000, S2: 19,700. These targets align with current market sentiment and volatility, providing realistic expectations for short-term price movements. - News Impact: The planned stock listing of Palantir on the NASDAQ is expected to bolster visibility and attract institutional investment, providing a positive catalyst for the index. Continued optimism in the tech and fintech sectors hinges on upcoming earnings and broader economic indicators, which will significantly impact market direction. Keeping abreast of these developments is crucial for making informed trading decisions in the NASDAQ landscape.
NASDAQ:NDXLong
by CrowdWisdomTrading
US 100 CFD: Key Levels & Trading StrategiesPEPPERSTONE:NAS100 AlexGoldHunter Analysis of US 100 Cash CFD on a 1-hour Timeframe Current Market Structure Break of Structure (BOS): Significant changes in trend are indicated by BOS. Change of Character (CHoCH): Suggests a potential trend reversal or continuation. Fair Value Gap (FVG) and New Gap (NG): Highlight areas where price may return to fill gaps, acting as potential support or resistance. Fibonacci Retracement Levels: Key Fibonacci levels are used to identify potential support and resistance areas: 0.382: 20,740.19 0.5: 20,777.2 0.618: 20,814.2 0.705: 20,841.2 0.786: 20,866.8 The 0.5 and 0.618 levels are particularly noteworthy as they often act as strong support or resistance zones. Volume Profile: The Volume Profile on the right side of the chart shows the traded volume at different price levels. Higher volume areas indicate strong support or resistance zones. The highest volume node around the 20,886.7 level suggests a significant resistance area. Indicators: Relative Strength Index (RSI): Currently at 56.72, indicating neutral to slightly bullish momentum. MACD (Moving Average Convergence Divergence): Shows a bullish crossover, indicating potential upward momentum. Buy Strategy with Confirmation: Price Action: Look for a bullish CHoCH or BOS, indicating a potential upward trend. RSI Confirmation: RSI should be above 50 and ideally moving upwards. MACD Confirmation: MACD line crossing above the signal line, with a positive histogram. Volume Confirmation: Increasing volume on bullish candlesticks. Entry Point: Enter a buy position if the price breaks above the recent high at 20,886.7 with strong volume. Stop Loss: Place a stop loss below the recent low at 20,772.4. Take Profit: Set a take profit at the next resistance level around 20,904.6 or based on a favorable risk-reward ratio. Sell Strategy with Confirmation: Price Action: Look for a bearish CHoCH or BOS, indicating a potential downward trend. RSI Confirmation: RSI should be below 50 and ideally moving downwards. MACD Confirmation: MACD line crossing below the signal line, with a negative histogram. Volume Confirmation: Increasing volume on bearish candlesticks. Entry Point: Enter a sell position if the price breaks below the recent low at 20,772.4 with strong volume. Stop Loss: Place a stop loss above the recent high at 20,886.7. Take Profit: Set a take profit at the next support level around 20,661.8 or based on a favorable risk-reward ratio. Conclusion: This chart provides a comprehensive view of the US 100 Cash CFD's current market structure, highlighting key levels and indicators for potential trading opportunities. The buy and sell strategies are based on confirmations from price action, volume, and technical indicators to increase the probability of successful trades. If you have any further questions or need additional analysis, feel free to ask! Happy trading! 🚀✨
PEPPERSTONE:NAS100Long
by Alexgoldhunter