Nasdaq US100 Strong Bullish Gap Up Open to 23000
The green lables are my Entries and open active Trades.
Yellow lines are Trend continuation patterns
If you wanna know why Nasdaq will rise higher,
then click on the charts below: There you find the additional technical and Fundamentals.
Click on the Charts below, DISCRIPTION is below every chart, in Update sections and Comment sections
Nasdaq US100 Definitly Bullish will Go to 23000-25000,because...
Nasdaq Long As I said 1 month ago NQ100 Will Go to 22000
Nasdaq100 US100 Bullish Goes to +23000 Triple Cup Formatiion
Yellow lines are Trend continuation patterns
If you wanna know why Nasdaq will rise higher,
then click on the charts below: There you find the additional technical and Fundamentals.
Click on the Charts below, DISCRIPTION is below every chart, in Update sections and Comment sections
Nasdaq US100 Definitly Bullish will Go to 23000-25000,because...
Nasdaq Long As I said 1 month ago NQ100 Will Go to 22000
Nasdaq100 US100 Bullish Goes to +23000 Triple Cup Formatiion
Comment:
China 10Y Bond Yield Hits 51-week Low
Comment:
DXY down
Oil UP
Nasdaq,Dow,RTY AND Tech bullish
Source: The Federal Reserve Bank of New York’s Center for Microeconomic Data
Consumers’ Inflation Expectations Decline at all Horizons, Expectations about Household Financial Situation Improve
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2023 Survey of Consumer Expectations, which shows that inflation expectations declined at the short-, medium-, and longer-term horizons. Year-ahead price growth expectations for food, medical care, and rent declined to their lowest levels since at least early 2021. Labor market expectations strengthened, while households’ perceptions about their current financial situations and expectations for the future improved.
The main findings from the July 2023 Survey are:
Inflation
Median inflation expectations declined across all three horizons, falling from 3.8% to 3.5% at the one-year-ahead horizon and from 3.0% to 2.9% at both the three-year and five-year-ahead horizons.The decline at the one-year-ahead horizon was broad based across demographic groups and the July reading is the lowest since April 2021. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all three horizons.
Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one-year-ahead horizon and increased slightly at the three- and five-year-ahead horizons.
Median home price growth expectations decreased from 2.9% in June to 2.8% in July, remaining well above the series 12-month trailing average of 2.0%.
Median year-ahead expected price changes declined for all commodities: by 0.2 percentage point for gas (to 4.5%), 0.1 percentage point for food (to 5.2%), 0.9 percentage point for medical care (to 8.4%), 0.3 percentage point for the cost of a college education (to 8.0%), and 0.4 percentage point for rent (to 9.0%). The current readings for food, medical care, and rent are the lowest since September 2020, November 2020, and January 2021, respectively.
Labor Market
Median one-year-ahead expected earnings growth decreased by 0.2 percentage point to 2.8%. The series has been moving within a narrow range of 2.8% to 3.0% since September 2021.
Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—decreased by 1.0 percentage point to 36.7%, the lowest reading since April 2022.
The mean perceived probability of losing one’s job in the next 12 months decreased by 1.1 percentage points to 11.8%. The mean probability of leaving one’s job voluntarily in the next 12 months decreased by 1.9 percentage point, to 17.0%, its lowest reading since March 2021. The decrease in the average quit probability was broad based across demographic groups.
The mean perceived probability of finding a job (if one’s current job was lost) increased from 55.3% in June to 55.8% in July.
Household Finance
Median expected growth in household income was unchanged at 3.2% in July and remains below the series 12-month trailing average of 3.6%.
Median household spending growth expectations increased from 5.2% in June to 5.4% in July, but remains well below its 12-month trailing average of 6.1%.
Perceptions of credit access compared to a year ago and expectations about credit access a year from now were largely unchanged, with a slight deterioration in current perceptions and a slight improvement in year-ahead expectations.
The average perceived probability of missing a minimum debt payment over the next three months decreased by 0.3 percentage point to 11.7% in July.
The median expectation regarding a year-ahead change in taxes (at current income level) remained unchanged at 4.3%.
Median year-ahead expected growth in government debt decreased from 10.0% in June to 9.7% in July.
The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 1.1 percentage points to 30.9%.
Perceptions about households’ current financial situations improved in July with more respondents reporting being better off than a year ago and fewer respondents reporting being worse off. Similarly, year-ahead expectations improved with fewer respondents expecting to be worse off a year from now and more respondents expecting to be better off. The share expecting to be better off a year from now is the highest since September 2021.
The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.8 percentage points to 37.1%.
Bitcoin started its bullish trend continuation based on buying pressure of the tech industry.
Oil UP
Nasdaq,Dow,RTY AND Tech bullish
Source: The Federal Reserve Bank of New York’s Center for Microeconomic Data
Consumers’ Inflation Expectations Decline at all Horizons, Expectations about Household Financial Situation Improve
The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the July 2023 Survey of Consumer Expectations, which shows that inflation expectations declined at the short-, medium-, and longer-term horizons. Year-ahead price growth expectations for food, medical care, and rent declined to their lowest levels since at least early 2021. Labor market expectations strengthened, while households’ perceptions about their current financial situations and expectations for the future improved.
The main findings from the July 2023 Survey are:
Inflation
Median inflation expectations declined across all three horizons, falling from 3.8% to 3.5% at the one-year-ahead horizon and from 3.0% to 2.9% at both the three-year and five-year-ahead horizons.The decline at the one-year-ahead horizon was broad based across demographic groups and the July reading is the lowest since April 2021. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all three horizons.
Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one-year-ahead horizon and increased slightly at the three- and five-year-ahead horizons.
Median home price growth expectations decreased from 2.9% in June to 2.8% in July, remaining well above the series 12-month trailing average of 2.0%.
Median year-ahead expected price changes declined for all commodities: by 0.2 percentage point for gas (to 4.5%), 0.1 percentage point for food (to 5.2%), 0.9 percentage point for medical care (to 8.4%), 0.3 percentage point for the cost of a college education (to 8.0%), and 0.4 percentage point for rent (to 9.0%). The current readings for food, medical care, and rent are the lowest since September 2020, November 2020, and January 2021, respectively.
Labor Market
Median one-year-ahead expected earnings growth decreased by 0.2 percentage point to 2.8%. The series has been moving within a narrow range of 2.8% to 3.0% since September 2021.
Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—decreased by 1.0 percentage point to 36.7%, the lowest reading since April 2022.
The mean perceived probability of losing one’s job in the next 12 months decreased by 1.1 percentage points to 11.8%. The mean probability of leaving one’s job voluntarily in the next 12 months decreased by 1.9 percentage point, to 17.0%, its lowest reading since March 2021. The decrease in the average quit probability was broad based across demographic groups.
The mean perceived probability of finding a job (if one’s current job was lost) increased from 55.3% in June to 55.8% in July.
Household Finance
Median expected growth in household income was unchanged at 3.2% in July and remains below the series 12-month trailing average of 3.6%.
Median household spending growth expectations increased from 5.2% in June to 5.4% in July, but remains well below its 12-month trailing average of 6.1%.
Perceptions of credit access compared to a year ago and expectations about credit access a year from now were largely unchanged, with a slight deterioration in current perceptions and a slight improvement in year-ahead expectations.
The average perceived probability of missing a minimum debt payment over the next three months decreased by 0.3 percentage point to 11.7% in July.
The median expectation regarding a year-ahead change in taxes (at current income level) remained unchanged at 4.3%.
Median year-ahead expected growth in government debt decreased from 10.0% in June to 9.7% in July.
The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months increased by 1.1 percentage points to 30.9%.
Perceptions about households’ current financial situations improved in July with more respondents reporting being better off than a year ago and fewer respondents reporting being worse off. Similarly, year-ahead expectations improved with fewer respondents expecting to be worse off a year from now and more respondents expecting to be better off. The share expecting to be better off a year from now is the highest since September 2021.
The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.8 percentage points to 37.1%.
Bitcoin started its bullish trend continuation based on buying pressure of the tech industry.
Comment:
CURRENCYCOM:US100 Nasdaq down target to 14500
Gap Fill
Gap Fill
Comment:
CURRENCYCOM:US100 Nasdaq down target to 14500
Gap Fill
Gap Fill
Comment:
NQ nEXT BUY POSITION below 14475 The market will turn if not on tuesday,but on ednesday. Currently They wanna fil Gap down around 14200-14575, before the market rises higher to 15850. If it doesnt happen this week, next monday we will have explosive GAP UP and bullish move for the next 3 weeks
Comment:
++++Be careful Attention! VERY IMPORTANT+++++
10Y Bonds US are testing 15 years Highest High. On day and weekly the trend is bullish. If it breaks that high and closes above 4,5 then the bonds US10Y will rise to 4,70%: At that level USDJPY; NASDAQ,RTY SP500, USD will break own nearly to cash and it will cause a sudden death or Sudden Crsh. So watch closely that maket,
++++iT IS VERY VERY IMPORTANT+++ Please dont trade blindly. And watch the markets and their intermarket relations.
10Y Bonds US are testing 15 years Highest High. On day and weekly the trend is bullish. If it breaks that high and closes above 4,5 then the bonds US10Y will rise to 4,70%: At that level USDJPY; NASDAQ,RTY SP500, USD will break own nearly to cash and it will cause a sudden death or Sudden Crsh. So watch closely that maket,
++++iT IS VERY VERY IMPORTANT+++ Please dont trade blindly. And watch the markets and their intermarket relations.
Comment:
nasdaq beaish on lower tf, most important day wednesday and friay, be careful of the bull traps,false bulls until we reach the low of the gap below 14500.Wait for onfirmation.. The gap is in the middle of 2022 bearish move...So have patience until getting signals on all f.
Intermarket confirmation:Today we have seen nasdaq was rising but RTY was short. Ususlly RTY follows NQ. also we had falling dxy and falling oil prices. The reason is strong Bods 10y . Ususally Oil is benefitting of falling dxy, That is confirmaing that traders are trying to compensate their losses in NQ, that confirms the fast move of NQ Up and down. On wednesafternoon we will test the markets reaction. Above 15150 is the first buy signal, If the market rises higher, and we dont get the down gap now, in 2-3 weeks NQ will crash again at 15850 to 13200, So it will be better to fil the downside gap right now. So have patience and protect your capital Sometimes no trading is also trading.
Intermarket confirmation:Today we have seen nasdaq was rising but RTY was short. Ususlly RTY follows NQ. also we had falling dxy and falling oil prices. The reason is strong Bods 10y . Ususally Oil is benefitting of falling dxy, That is confirmaing that traders are trying to compensate their losses in NQ, that confirms the fast move of NQ Up and down. On wednesafternoon we will test the markets reaction. Above 15150 is the first buy signal, If the market rises higher, and we dont get the down gap now, in 2-3 weeks NQ will crash again at 15850 to 13200, So it will be better to fil the downside gap right now. So have patience and protect your capital Sometimes no trading is also trading.
Comment:
nasdaq beaish on lower tf, most important day wednesday and friay, be careful of the bull traps,false bulls until we reach the low of the gap below 14500.Wait for onfirmation.. The gap is in the middle of 2022 bearish move...So have patience until getting signals on all f.
Intermarket confirmation:Today we have seen nasdaq was rising but RTY was short. Ususlly RTY follows NQ. also we had falling dxy and falling oil prices. The reason is strong Bods 10y . Ususally Oil is benefitting of falling dxy, That is confirmaing that traders are trying to compensate their losses in NQ, that confirms the fast move of NQ Up and down. On wednesafternoon we will test the markets reaction. Above 15150 is the first buy signal, If the market rises higher, and we dont get the down gap now, in 2-3 weeks NQ will crash again at 15850 to 13200, So it will be better to fil the downside gap right now. So have patience and protect your capital Sometimes no trading is also trading.
Intermarket confirmation:Today we have seen nasdaq was rising but RTY was short. Ususlly RTY follows NQ. also we had falling dxy and falling oil prices. The reason is strong Bods 10y . Ususally Oil is benefitting of falling dxy, That is confirmaing that traders are trying to compensate their losses in NQ, that confirms the fast move of NQ Up and down. On wednesafternoon we will test the markets reaction. Above 15150 is the first buy signal, If the market rises higher, and we dont get the down gap now, in 2-3 weeks NQ will crash again at 15850 to 13200, So it will be better to fil the downside gap right now. So have patience and protect your capital Sometimes no trading is also trading.
Comment:
US existing home sales slide again, but prices up from a year earlier
Dont Buy before the market stabilizes at 14000-14400... Storm is coming
Bonds up
DXY UP
CHINA!
Powell speaking till Sunday
The Fed May Need To Go To 6%
Fed Credibility at Risk If Inflation Target Changes, Barkin Says
banks dragged after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment.
Nvidia's stock initially rose to a record high but later fell in anticipation of its earnings report due on Wednesday.
Dont Buy before the market stabilizes at 14000-14400... Storm is coming
Bonds up
DXY UP
CHINA!
Powell speaking till Sunday
The Fed May Need To Go To 6%
Fed Credibility at Risk If Inflation Target Changes, Barkin Says
banks dragged after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment.
Nvidia's stock initially rose to a record high but later fell in anticipation of its earnings report due on Wednesday.
Comment:
As I warned days before: Wait for Buy Signals at around 14200-14450Zone AND Wait till Monday open.It´s better we go down now, cuz if we don´t fill the Gap this week, in 3-4 weeks(september) The market will crash from 16000 to this level again.
If we fill this gap till tommorrow close bell, then there is nothing what can stop Nasdaq and other Inidces on their way upsides....Wait to fill the gap completely. If it breaks the gap down, then it will ontinue to reach 1385-13650-13200...and then revere. So Use your ability to practice patience. If you re not patient enough, then.... ask Dalai Lama how to practice patience
If we fill this gap till tommorrow close bell, then there is nothing what can stop Nasdaq and other Inidces on their way upsides....Wait to fill the gap completely. If it breaks the gap down, then it will ontinue to reach 1385-13650-13200...and then revere. So Use your ability to practice patience. If you re not patient enough, then.... ask Dalai Lama how to practice patience
Comment:
Philadelphia Fed President Patrick Harker suggests interest rate hikes are at an end
Comment:
US yields rise as data suggests higher rates for longer
The data highlights the quandary the market faces a day before Fed Chair Jerome Powell speaks at the U.S. central bank's annual symposium in Jackson Hole, Wyoming
The two-year note's US2YT=RR yield, which reflects interest rate expectations, rose 6.7 basis points to 5.019% as it see-sawed either side of the key 5% threshold.
The data highlights the quandary the market faces a day before Fed Chair Jerome Powell speaks at the U.S. central bank's annual symposium in Jackson Hole, Wyoming
The two-year note's US2YT=RR yield, which reflects interest rate expectations, rose 6.7 basis points to 5.019% as it see-sawed either side of the key 5% threshold.
Comment:
Gap filled at 14583. Powell Jackson Hole: Although inflation has moved down from its peak, a welcome development, it remains too high.... we are confident that inflation is moving sustainably down toward our objective.
Buy at 14880 Levels.. Targets up are 15150.Above that zone buying pressure to 15350(Coection Zone)..If breaking 15350 we go to 15850 Gap Up Fill...
Buy at 14880 Levels.. Targets up are 15150.Above that zone buying pressure to 15350(Coection Zone)..If breaking 15350 we go to 15850 Gap Up Fill...
Comment:
Next week in case we break the folloing level, NQ may go to:
Keep Monitor closely these levels ,VERY VERY IMPORTANT 14609,14499, Balue Retrace 14280 and 14 256
The bullish target will be 14982 and 15132, First Target
WE ATE IN A PRETTY NASTY DOWN TREND ON 5 minute TF, So Opening on Monday an where the Price tends to go is pretty important for the reet of the week!
Keep Monitor closely these levels ,VERY VERY IMPORTANT 14609,14499, Balue Retrace 14280 and 14 256
The bullish target will be 14982 and 15132, First Target
WE ATE IN A PRETTY NASTY DOWN TREND ON 5 minute TF, So Opening on Monday an where the Price tends to go is pretty important for the reet of the week!
Comment:
Sadly Nasdaq has not fill the Gap down completly, But targeting 15850 UPSIDE GAP NOW: Today disappointing US dAT PUTTING bONDS AND dxy sell off, Below 15303 NQ will go bak to 15000 area, an if breaking that zone, hopefully going down to 14400. As long as Lower TF Trend is bullish, go in sync with Daily major trend, but be prepared to stong pullback. I hoped to reache the gap down in Auust, but it doesn´t seem so. In 2-3 Weeks we may see That STRONG pullback from the highs15703-15900 back to 14500.In that case NQ will stay longer at that level and maybe go also someway deeper ....September is the dirtiest trading month ever, Last year bloody low volatility month ever. If it s repeating this year the same, then we will see the corretion with higher probability. It is essential to montor trades, if NQ doesnt make Hiher highs than 15950 which will create a mis-successed Double TOP PATTERN, and breaking below 14500 will create a sell off pattern. This will happen if the 2 conditions above will occure.
Comment:
++++++IMPORTANT NASDAQ UPDATES++++++
Most important Day:Wednesdday Data and news
We have now 2 open Gaps upside and downside. Next week ontract rollover.It means if we dont fill one of these 2 haps this week, ,next week we will have 3 open Gaps, and tha means exzreme volatility that will affect also other markets like FX, Cypto.
Target 1 bullish: i ope you have followed my recommandations to buy nasdaq at 14600 zone. If not, then do nothing and stay out, Uf yes,then be aware of close your poitions if we lose 15416....This is our trailing top, now in Profit,that is correlating with VAL Monthly. If Nasaq loses 15416 it will drop to 14500 and then 13850..If it hols and retraces bak we go upsides to 15660,15712,15752,15660,15812,15850,15950, and maybe 16050,,,,There we will have lower volume and more selling pressure, if bonds dont retrae back. If DXY and bonds jump and on the same time hawkish FED news, nasaq and all other indices will drop short, quickly, suddenly and sharply. Dont worry:It will happen so fast, you wont have time to sctatch your hairs. So like a mini crash, but short and quickly. On 13800 area it will happen the opposite:This time the Bulls will agreively do the same with you. So be aware. If you are unsure, take profits, or maybe small losses, and stay out. It is a real rumble, better than mortal combat 5
Most important Day:Wednesdday Data and news
We have now 2 open Gaps upside and downside. Next week ontract rollover.It means if we dont fill one of these 2 haps this week, ,next week we will have 3 open Gaps, and tha means exzreme volatility that will affect also other markets like FX, Cypto.
Target 1 bullish: i ope you have followed my recommandations to buy nasdaq at 14600 zone. If not, then do nothing and stay out, Uf yes,then be aware of close your poitions if we lose 15416....This is our trailing top, now in Profit,that is correlating with VAL Monthly. If Nasaq loses 15416 it will drop to 14500 and then 13850..If it hols and retraces bak we go upsides to 15660,15712,15752,15660,15812,15850,15950, and maybe 16050,,,,There we will have lower volume and more selling pressure, if bonds dont retrae back. If DXY and bonds jump and on the same time hawkish FED news, nasaq and all other indices will drop short, quickly, suddenly and sharply. Dont worry:It will happen so fast, you wont have time to sctatch your hairs. So like a mini crash, but short and quickly. On 13800 area it will happen the opposite:This time the Bulls will agreively do the same with you. So be aware. If you are unsure, take profits, or maybe small losses, and stay out. It is a real rumble, better than mortal combat 5
The Bulls open very agresive Nasdaq