Nas100 made yesterday a new all-time high just under 12700 zone, the reversal from that point was violent and I think we have a top in place. Now the index is sitting on the old all-time high support now and a break here would confirm that the break above it was in fact a false one and the index is ready to correct. My first target for this drop is 11500
Rising wedge plus multiple bearish divergences. need to break down here as we are conforming breakout.
the Nas100 is keen at following bearish divergences (as highlighted), and as you also can see there is a 3 touch bearish divergence here. doesnt look like the fed can hold up this market... we could be very close to a free fall as seen above. pay very close attention to this zone.
if it manages to break the trendline @11984 itll fall to the next support @11916
I think Nas100 will retrace to the levels of 12287's,then from that point it will Continue with the downtrend levels up until 10670,looking to enter a longterm position on this with a small account,but If you looking to grow the account You can also get it on its way up to the 12287 areas as a buy
After Nas100 Broke below the 4H trend,it is looking to retest at a level of 12125's movement that it will take when it gets to that level is a downtrend movement Up to the level of 11245
In my weekend comment, I said that I'm bearish Nasdaq and I expect a drop sooner rather than later, and looking at the daily chart after yesterday's vaccine news I become more bearish. After the hanging mean which concluded last week's run, yesterday we have a very aggressive reversal day that engulfs all Friday's rise and this for me is a clear signal that bulls...
After the NASDAQ indices had a bull run, the most obvious direction that it will take is a downward movement , In my analysis the 1H trendline/channel has broken below and also retested, and from now we will be seeing a downward movement up to the level of 11250.00
The election week was a strong one for Nasdaq, with the price rising and managing to close above 12k. Now the index is facing resistance and a strong sell zone so we can see the price rolling back to 11k. On the other hand, a daily close above the previous top would put bulls in control and we can see the technology index making new all-time highs. That being...
Since March, Nas100 almost doubled its value reaching a high of 12500. Now this resistance is confirmed with a second drop from this zone and it can transform in a double top pattern if we'll have a break of support. In my opinion, this will be the outcome for Nas100 and I will look to sell rallies. Only a new all-time high will put a pause on this bearish outlook
Wave analysis suggests the NQ! Futures are putting in a flat correction with some downside left in the market. This analysis coincides perfectly with wave analysis of some of the other major equities stocks and the uncertainty that generally plagues the market during an election year. Following the completion of this flat correction, we should begin to see some...
NAS100 Analysis The Market is still very choppy and indecisive. I hope we can get a break soon to get a clear picture where this is going. If we do break the middle trend line then we may see anything between 11400-11250 as for the bulls if it goes up a break of 11589 will take us to 11741
Looking to take sell trades from the fib61.8 level/fib50.0 level.
NAS100 Analysis Hi Everyone. Nas is still consolidating, It had an attempt to break out the box yesterday but it failed to stay out, found support at 11527 and came back up. I feel like we will break today. There has been a triangle that has formed as-well. Bulls Target: 11789, Break here will take us to 11929 Bear Target: 11525-11467
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NAS100 Analysis We may see some more bears today- trying to come down far as 11468 before going back up. If you look at the daily thats where the lower channel is. As for the bulls if it breaks 11787, we will be entering the channel again expecting more bulls.
Use propper risk managment , and wait for the 11808.45 break downwards!
NAS100 Analysis I would say its still consolidating between 11787 -11929. We can also see it struggling to break our strong middle trend line. So to go further up we need a break of the middle trend line and 11929 resistance. As for the bears a break at 11787 would take us back down to 11619 hitting our lower channel trend line. There is also something very...