Mega Cap Tech Setting a Head & Shoulders – Breadth Collapse IncoICEUS:NYFANG (FANG+) is showing a textbook Head & Shoulders pattern — Left Shoulder, Head, and a freshly printed Right Shoulder.
The setup becomes even more concerning when you combine it with the Nasdaq Oscillator, which just printed an identical spike to the one that marked the 2024 top.
🧠 Here's the backdrop:
Netflix, Meta, Google, and Microsoft have already had their post-earnings moonshots.
Tonight it’s Amazon and Apple — the last two horses in the race (Nvidia is still weeks away).
Breadth is collapsing — this rally is being carried by fewer and fewer names.
📉 Breakdown below the neckline could mean:
🔻 –25% correction (minimum)
🚨 Potential –50% wipeout if the neckline fails
Nasdaq
NASDAQ INDEX (US100): Time for Pullback
There is a high chance that US100 will retrace from the underlined
blue daily resistance.
I spotted a double top pattern on a 4h time frame after its test
and a nice bearish imbalance candle that was formed
during the NY session yesterday as confirmations.
Goal - 19590
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NVDA Day Trade Plan for 04/29/2025NVDA Day Trade Plan for 04/29/2025
📈 111.90 109.90
📉 105.90 103.90
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
TQQQ Day Trade Plan for 04/29/2025TQQQ Day Trade Plan for 04/29/2025
📈 55.10 55.60
📉 52.10 51.60
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
TSLA Day Trade Plan for 04/29/2025TSLA Day Trade Plan for 04/29/2025
📈 299 305
📉 274.50 268.50
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MNQ1!/NQ1! Day Trade Plan for 05/01/2025MNQ1!/NQ1! Day Trade Plan for 05/01/2025
📈 20130 20219
📉 19770 19700
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
MNQ1!/NQ1! Day Trade Plan for 04/29/2025MNQ1!/NQ1! Day Trade Plan for 04/29/2025
📈 19560 19685
📉 19185 19060
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*These levels are derived from comprehensive backtesting and research and a quantitative system demonstrating high accuracy. This statistical foundation suggests that price movements are likely to exceed initial estimates.*
NASDAQ testing its 1D MA50. Break-out or Fake-out?Nasdaq (NDX) has reached its 1D MA50 (blue trend-line) for the first time since February 24. Following the (near) rebound on the 1W MA200 (orange trend-line), this looks like a textbook recovery from a correction to a new long-term Bullish Leg.
Chronologically the last such correction was the March 2020 COVID flash crash, which after it almost touched the 1W MA200, it recovered as fast as the current rebound and when it broke above its 1D MA50, it turned it into the Support of the new long-term Bullish Leg.
What wasn't a break-out but a fake-out was the rebound after the June 13 2022 (near) 1W MA200 rebound, when the break above the 1D MA50 was false as it produced a new rejection and sell-off later on. The difference is that 2022 was a technical Bear Cycle both in terms of length and strength.
Whatever the case, Nasdaq has seen the lowest 1W RSI (oversold) reading among those 3 bottoms. So do you think today's 1D MA50 test is a break-out or fake-out?
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Nasdaq: Where should I buy from next? New bullish orderblockWe are hunting the next buyzone already. The correction zone is printing now.
This is how you accurately forecast your next entry ahead of time. Learn how corrections should work. Long below higher time frame (Hourly/Daily/Weekly) lows is the name of the game.
This should be easy work, and you can feel free to look for longs below 15m lows on the way to the targets above. Once we hit those, we should look for correction after closing below hourly candles, the same way we were able to freely take long after close above hourly candles today just as I prescribed while it was dropping.
This is just the rules of the game 🔓 gotta be sharp enough to observe them and trust the mechanics. Thanks for tuning in
Is Nasdaq still bullish? Steep correction today as expectedIf you look at my last post, you can see where I explained the expectation.
As range theory would state, the rejection from the bottom of a range creates a target in the high of the range. I have identified the candle top that I believe is the target for this rally.
If the bearish imbalance is stacked with too many orders we will not make it there. We are sitting right around the 50EMA for hourly as well as retesting the break point and bottom of the hourly bearish orderblock as I have marked.
It is in my opinion that the Void will act as a magnetic anomaly and assist in pulling price up as many institutional orders will be in that range, but we'll see 🔑
Share with a friend in need of real guidance 🫡
NASDAQ: Rejected on the 1D MA50. Can it break it?Nasdaq is neutral on its 1D technical outlook (RSI = 52.608, MACD = -100.810, ADX = 23.609) as it got rejected today on the 1D MA50. That is the first serious Resistance test of the April 7th rebound and until it breaks, we can see a technical pullback to the 4H MA100 in order to establish the new Support. With the 1D RSI confirmed the new long term bottom with a DB, buying the dips on every such pullback is the most effective strategy on such occasions. Our short term target is the R1 level (TP = 20,300).
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Perpetua – Unlocking Strategic Gold & Critical Mineral Value Project Focus:
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Investment Outlook:
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NASDAQ Recovery Looks Fragile Below 20,500After the steep drop to 16,300, NAS100 started to recover, forming a higher low and managing to break back above the falling trendline drawn from the all-time high (ATH).
While these are positive developments, in my opinion, the trend is likely to reverse to the downside soon.
Technically, the index is now entering a heavy resistance zone, marked by:
• The golden sell zone between the 50% and 61.8% Fibonacci retracement,
• Psychological resistance at 20,000,
• Major horizontal resistance around 20,500.
As long as the price remains below 20,500, I favor short trades, targeting a potential drop to at least 18,000
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TSLA Potential Post Tariff Resolution Bullish RallyDespite uncertainty still looming over the current global tariff based environment, TSLA price still seems to exhibit signs of a potential Bullish breakout as the price action may form a prominent Higher Low on the longer timeframes with multiple confluences through key Fibonacci and Support levels which presents us with a potential Non-Leverage hold opportunity.
Entry: CMP 292
Stop Loss: 90 or 0 (depends on trading style as Non-Leverage Buy & Hold is recommended)
Potential Range for Targets: 470 - 550
$QQQ Inverse H&S ready to GO!NASDAQ:QQQ
We’ve spotted an Inverse Head & Shoulders breakout on the 1-hour chart, and we’re currently in the retest phase.
- Measured Move (MM): $483.55
- Measured Timeframe (MT): May 1st @ 7 PM
Let’s see if we can maintain momentum tomorrow and steer clear of any unexpected news or market shocks tonight.
Not financial advice
Google Ruling Could Be Very Bullish for TTDA U.S. judge has found Google guilty of illegally monopolizing the digital advertising technology markets. The monopolization of both the demand and supply sides has been a long-standing concern for the rest of the digital advertising sector.
This ruling may significantly benefit The Trade Desk (TTD), as it operates as an independent demand-side platform. The digital advertising market is projected to exceed $600 billion in 2025, and Google currently believed to be controls nearly 30% of that. Even a 5% slip in Google’s market share, with TTD capturing just 10% of that shift, could nearly double TTD's revenue. As a result, this ruling is can be considered very bullish for TTD, both in the medium and long term.
Technically, TTD recently tested the $40 level, a key support that has held since Q4 of 2020, indicating the stock is currently in a strong demand zone. With this news, the likelihood of that support holding and a bullish reversal increases.
Analyst consensus reflects an 85.8% upside potential. If the bullish scenario plays out, the horizontal level at $60 and the 200-day moving average could serve as key medium-term targets. From current levels to the 200-day SMA, the potential return is close to 50%.
"This is fine" on Nasdaq?The general sentiment coming into this week is that the bear trend is over and "things are fine." Maybe. This morning there was a 30m opening spike on NASDAQ:QQQ I cannot ignore. It is happening right at the big Daily 50% Retracement of the leg down:
The level is even more prominent on Nasdaq futures and one can add the Volume Profile Point of Control to said level.
CME_MINI:NQ1!
Playing this with June Puts on QQQ but going to use today's high as a tight stop. We'll see what "Sell in May" brings...
Are You Ready For Nasdaq Next Flight ? 500 Pips Waiting For Us !Here is my opinion on Nasdaq , i think we have a very good closure and we can say we will go up for sometime in the next few days , so i`m waiting the price to go back to my support area ( Lower One ) that already broken , and then we can enter a buy trade and targeting 500 pips . also if the price touch the higher place and give me a good bullish price action , we can enter a buy trade with small lot size and if the price go to the lower one we can add one more contract .
NASDAQ ahead of the most critical Resistance test.Nasdaq (NDX) not only broke above the Lower Highs trend-line of its All Time High (ATH) last week but managed to break and turn the 4H MA200 (orange trend-line) into Support.
It is now aiming for the 1D MA50 (red trend-line), which is the most crucial Resistance level of this recovery attempt and is what technically turns bearish trends into bullish if it turns into Support.
We expect a short-term rejection there, which should give a buy opportunity near the 4H MA200. Our Target for this is 20350 (Resistance 1).
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NAS100 - Stock Market Waiting for a New Stimulus?!The index is trading above the EMA200 and EMA50 on the four-hour timeframe and is trading in its ascending channel. If the index continues to move upwards towards the specified supply zone, one can look for further Nasdaq short positions with a risk-reward ratio.
Last week, financial markets experienced a brief sigh of relief as U.S. President Donald Trump appeared to ease tensions by signaling a limited retreat in the tariff war with China, sparking hopes for reduced friction. However, this optimism quickly faded once it became clear that Trump’s retreat was neither substantial nor impactful.
From Beijing’s perspective, the trade war has transcended economic concerns, becoming an issue of national pride and sovereignty. As a result, China, the world’s second-largest economy, is not retreating as easily as Trump anticipated. This stance has evolved into a significant challenge for the White House. U.S. officials indicated that tariffs of 145% could be reduced within two to three weeks if an agreement is reached.
Nonetheless, according to Chinese authorities, negotiations have yet to even begin, raising doubts about Trump’s negotiation tactics. Additionally, other concessions, such as reducing tariffs on American automakers, remain uncertain, and Trump has even threatened to raise tariffs on Canadian car imports.
This environment not only fails to clarify U.S. trade policy but also deepens uncertainty for domestic businesses. Although the White House claims it is monitoring markets closely and Trump is eager to strike deals with key partners, these assurances have not alleviated concerns about the future of the U.S. economy.
In the upcoming week, critical economic data could either intensify or ease current worries. On Tuesday, the Consumer Confidence Index for April and the JOLTS job openings data for March will be released. The highlight, however, will be the preliminary estimate of GDP growth, scheduled for Wednesday.
The Atlanta Fed’s GDPNow model forecasts a 2.2% annualized contraction in the U.S. economy for Q1 2025. Meanwhile, a Reuters survey of economists projects a modest 0.4% growth rate, a significant slowdown from Q4’s 2.4% growth.
Accompanying these reports, the ADP private-sector employment data and the Personal Consumption Expenditures (PCE) index will be published. The core PCE for March is expected to show a monthly increase of 0.1% and an annual rise of 2.5%, down from 2.8% previously. Personal spending is anticipated to maintain its 0.4% monthly growth, reflecting resilient household expenditures.
Additionally, on Wednesday, the Chicago PMI and pending home sales figures will be released. Thursday will bring the Challenger layoffs data for April, but market focus will be on the ISM manufacturing PMI, expected to drop from 49 to 47.9.
The week’s main event will be Friday’s release of the Nonfarm Payrolls (NFP) report. Forecasts suggest job growth will slow from 228,000 in March to 130,000 in April, while the unemployment rate is expected to remain at 4.2%. Wages are projected to rise by 0.3%.If NFP and PCE data come in weaker than expected, market expectations for a 25-basis-point rate cut by the Fed in June could intensify, although the likelihood of a cut in May will remain low. Such data would likely be bearish for the U.S. dollar but could support equity markets if recession fears do not dominate sentiment.
Some Federal Reserve officials have suggested that if economic conditions deteriorate significantly, rate cuts could start as early as June. Currently, the Fed has maintained high rates to combat inflation but may lower them to support growth and prevent a sharp rise in unemployment if necessary.
Trump’s trade wars pose a dual risk of increasing inflation while hurting employment, complicating the Fed’s monetary policy strategy. Presently, the Fed is in a “wait-and-see” mode, but several officials indicated last week that cuts could begin if economic data worsens.
Beth Hammack, President of the Cleveland Federal Reserve Bank, told CNBC on Thursday that the Fed might lower rates starting in June if signs of economic weakening due to Trump’s sporadic tariffs appear.
Christopher Waller, a Fed Board member, stated on Bloomberg TV that he could foresee rate cuts if the labor market collapses but does not expect such a scenario before July.
On Thursday, Waller remarked, “It would not be surprising to see an increase in layoffs and a higher unemployment rate, especially if major tariffs return. I would expect faster rate cuts once signs of severe labor market deterioration emerge.”
These comments highlight the Fed’s current dilemma as it awaits clearer evidence of significant economic fallout from Trump’s trade wars.
The Federal Reserve’s mandate is to maintain low inflation and unemployment levels. Its primary tool, the federal funds rate, influences borrowing costs across the economy. The Fed can stimulate growth by lowering rates or curb inflation by raising them.
Economists warn that Trump’s tariffs present the risk of simultaneously driving up inflation while damaging employment, forcing the Fed to prioritize which challenge to address first.