NASDAQ (NQ1!): Buy It Until The Market Notifies Us Otherwise!Welcome back to the Weekly Forex Forecast for the week of Sept 8 - 12.
In this video, we will analyze the following FX market: NASDAQ (NQ1!) NAS100
The NASDAQ looks poised to move higher. There is potential for it to make a new ATH.
Wait for pullbacks to poi's for valid long setups.
I do not see a reason to sell this market. Until there is a bearish break of market structure, buys are the ticket.
Enjoy!
May profits be upon you.
Leave any questions or comments in the comment section.
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Thank you so much!
Disclaimer:
I do not provide personal investment advice and I am not a qualified licensed investment advisor.
All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies.
I will not and cannot be held liable for any actions you take as a result of anything you read here.
Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
NASDAQ 100 CFD
$MSTR Swing Trade Setup: Layered Short Entries on Breakout📉 MSTR "STRATEGY INC" STOCK – Bearish Thief Plan (Swing/Scalp Setup)
⚡ Trade Setup (Bearish Pending Order Plan)
Asset: NASDAQ:MSTR (MicroStrategy Inc.)
Plan: Bearish (waiting for support breakout confirmation).
Entry Zone:
Pending breakout entry @ 320.00 ⚡
Layered “Thief” Strategy (scaling entries):
Sell Limit Layers: 340.00 / 330.00 / 320.00
You may add or adjust layers based on your own risk tolerance.
🔔 Set TradingView alerts at breakout levels to track price action.
Stop Loss (Thief Style):
Protective SL @ 360.00 (after breakout confirmation).
Adjust per your strategy & risk management.
Target Zone (Exit):
Police barricade support @ 290.00
Note: Take profit is discretionary — escape with profits at your own chosen level 🚪💰.
🔑 Why This Plan? (Thief Strategy Context)
The Thief Plan = using multiple layered limit entries after a breakout for better risk/reward.
Scaling entries gives flexibility while reducing FOMO and chasing.
Exit early at support barricades or oversold traps.
📊 MicroStrategy (MSTR) Market Data Report
As of September 7, 2025
1. Retail & Institutional Sentiment 🤝
Retail: Mixed / cautious (crypto exposure volatility).
Institutional: Neutral → slightly bearish (Bitcoin correlation + regulatory risk).
Estimated Sentiment: 55% Neutral / 30% Bearish / 15% Bullish.
2. Fear & Greed Index 😨😋
Current level: Neutral ~50/100
Suggests balanced emotions → no extreme greed or fear.
3. Fundamental & Macro Scores 📈📉
Fundamental ~60/100: MSTR tied to Bitcoin trends, highly volatile.
Macro ~55/100: Pressures include crypto regulation, tech volatility, interest rates.
Bitcoin remains the key driver.
4. Market Outlook 🐂🐻
Bull Case: BTC rally → MSTR boost, institutional adoption helps.
Bear Case: Regulatory clampdowns, BTC volatility → downside pressure.
Overall: Neutral → Slightly Bearish (short-term caution).
🚀 Key Takeaways
NASDAQ:MSTR moves in sync with Bitcoin → monitor BTC charts closely.
Sentiment is not strongly bullish → short setups have edge here.
Thief layering strategy aligns with volatility.
Always respect SL & manage risk 🔐.
🔗 Related Pairs to Watch
BITSTAMP:BTCUSD
NASDAQ:COIN (Coinbase)
NASDAQ:RIOT (Riot Platforms)
NASDAQ:MARA (Marathon Digital)
SP:SPX / NASDAQ:NDX (macro impact on tech/crypto plays)
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
#MSTR #MicroStrategy #Stocks #SwingTrade #Scalping #BearishSetup #CryptoStocks #LayeredStrategy #ThiefPlan #BitcoinCorrelation #TradingViewIdea
Nasdaq - Preparing for another correction!🚔Nasdaq ( TVC:NDQ ) is starting to look weak:
🔎Analysis summary:
Over the course of the past couple of months, we witnessed an incredible rally on the Nasdaq. Following this previous price action, it is quite likely that we will soon see another correction. This could start with the current retest of the channel resistance trendline.
📝Levels to watch:
$23.000
SwingTraderPhil
SwingTrading.Simplified. | Investing.Simplified. | #LONGTERMVISION
US100 Trading Plan ¦ Layering Strategy + Macro Sentiment Drivers🚀 NASDAQ100 / US100 Index – Thief Money Heist Plan 🎭
📌 Plan: Bullish Swing / Scalping Setup
Dear Ladies & Gentlemen (Thief OG’s), here’s the heist-style breakdown for US100 🔑:
🏴☠️ Entry Style (Thief Layering Strategy)
Using layered limit orders for flexibility & precision:
• 23200.0
• 23250.0
• 23300.0
• 23350.0
(You may increase limit layers based on your strategy & risk appetite)
📉 Moving Average Pullback Entry Plan
• Buy entries on pullbacks to the Fibo level 382 Triangular Moving average zone.
• Look for bullish candles confirming the bounce from these MAs.
• This offers better risk-to-reward by catching momentum on retracements instead of chasing highs.
❓ Why This Works?
• Moving averages often act as dynamic support/resistance in trending markets.
• Institutional traders & algos track them heavily, making them high-probability zones.
• Combining with layering entries = higher flexibility + reduced risk of mistimed single entry.
🛡️ Stop Loss (Protect the Vault)
• Thief SL: @23000.0
• Reminder: Adjust your SL based on your own strategy & risk tolerance.
🎯 Target (Escape Zone)
• Overbought + Trap Zone ahead!
• Escape target: @23750.0
• Note: Don’t rely only on my TP — secure profits at your own pace and risk.
📊 US100 Index CFD Real-Time Data Sep 03
📈 Daily Change: +133.47 (+0.57%)
📅 Monthly Performance: +0.76%
📆 Yearly Performance: +23.48%
😰😊 Fear & Greed Index
📊 Current Reading: 53/100 (Neutral)
🧐 Interpretation: Market sentiment is balanced, showing neither extreme fear nor greed. Investors are cautious but not panicked.
🧠 Retail vs. Institutional Sentiment
👥 Retail Traders: Moderately bullish (55% Long, 45% Short)
🏦 Institutional Traders: Slightly cautious (50% Long, 50% Short)
🔑 Key Drivers: Mixed signals from manufacturing data and upcoming labor market reports.
📉📈 Fundamental & Macro Score
📊 Macro Score: 6/10
Manufacturing PMI (48.7) still in contraction but improving.
Labor market data (JOLTS) awaited for clarity.
⚡ Volatility Score: 5/10 (Moderate)
VIX near average levels, indicating stable expectations.
💧 Liquidity Score: 7/10
Strong volume and breadth in large-cap tech stocks.
🐂🐻 Overall Market Outlook
✅ Bullish (Long): 60%
Supported by strong yearly gains and resilience in big tech.
⚠️ Bearish (Short): 40%
Concerns over manufacturing contraction and inflation pressures.
💡 Key Takeaways
📈 US100 is trending mildly positive today (+0.57%).
😐 Sentiment is neutral—no extreme fear or greed.
📊 Macro data hints at cautious optimism but watch for upcoming labor reports.
🐂 Overall bias leans slightly bullish for long-term holders.
📊 Related Pairs to Watch
FOREXCOM:SPX500
TVC:DJI
TVC:VIX
NASDAQ:NDX
FX:USDOLLAR
✨ “If you find value in my analysis, a 👍 and 🚀 boost is much appreciated — it helps me share more setups with the community!”
#NASDAQ100 #US100 #NDX #SPX500 #DJI #TradingView #SwingTrade #ScalpTrading #LayeringStrategy #MarketAnalysis
Nasdaq Computer sector & Nasdaq nearing pullback areaNasdaq Computer (IXCO) Is nearing pullback territory (23,717 resistance). IXCO being the largest sector in Nasdaq (IXIC) means the composite index, now that it's over previous resistance, is also looking for a pullback into support (20,160).
It's possible IXCO will break resistance next year and if that happens whatever gains are made will be lost on an eventual drop back into support.
If you have call options on NVDA or other tech companies closing them when IXCO hits 23,717 is highly advisable. If it hits there around this January it could be 2 years before IXCO resumes the uptrend past 23,717. Calls will likely get destroyed during this time.
Another note is lots of tech IPOs are occurring this year with lofty valuations. When this IXCO pullback comes they are likely to get hit hard. It's a great opportunity to short or wait to buy up the ones you like when the pullback is over.
As always good luck and try your best to avoid getting into new tech related trades as this year ends. It's going to be a great idea to have cash ready next year.
NASDAQ holding the 4H MA200 can initiate the next rally.Nasdaq (NDX) has been trading within a Channel Up since mid May and currently is consolidating on its 4H MA200 (orange trend-line). Based on the 4H RSI we might be on a similar Higher Low as on May 30, having previously made a Channel Up bottom near the 1D MA50 (red trend-line).
The Bullish Leg that followed this Low was +6.80%, so we have our Target tailored on it at 24500.
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NASDAQ NAS100 at a Crossroads: Riding Nvidias Surge with CautionThe immediate reaction to Nvidia's stellar earnings has been decidedly bullish, propelling the NASDAQ higher. We saw a classic "buy the rumor, sell the news" event where the "news" was so powerful it triggered a "fear of missing out" (FOMO) rally with a healthy correction on Friday.
In the next one to two weeks, the near-term bias is bullish, but with extreme caution. The market has received the fundamental "all-clear" it was waiting for from its most important company. However, the index is now technically overextended and sentiment is euphoric, making it vulnerable to a short-term pullback or consolidation. The primary trend, however, remains bullish IMO.
1. The Catalyst: Nvidia Earnings
Nvidia didn't just beat expectations; it shattered them and raised future guidance, validating the entire AI investment thesis.
Revenue & EPS: Significant beats on both the top and bottom lines.
Guidance: Q2 revenue guidance of ~$28B was vastly higher than analyst estimates of ~$26.6B, demonstrating unprecedented demand for its Blackwell and Hopper architecture chips.
Data Center: Revenue of $22.6B, up 427% year-over-year, is the core of the story. This shows that AI infrastructure spending is not slowing; it's accelerating.
Stock Split: The announcement of a 10-for-1 stock split adds a psychological boost for retail investors, improving accessibility and reinforcing bullish sentiment.
Analyst Interpretation: This wasn't just a quarterly report; it was a fundamental confirmation that the AI revolution has tangible, massive earnings power. It alleviated fears that the AI trade was a bubble. For the NASDAQ, which is market-cap weighted and heavily influenced by NVDA, this was rocket fuel.
2. Technical Analysis (One-Day Timeframe Post-Earnings)
Price Action: The NASDAQ gapped up powerfully at the open, breaking cleanly above its previous consolidation range. This was a strong bullish signal.
Volume: The rally was accompanied by massive volume, confirming broad institutional participation. This wasn't a low-volume grind; it was a conviction move.
3. Macro & Fundamental Backdrop
Interest Rates: The market is currently pricing in a higher-for-longer stance from the Fed. However, recent economic data (PMIs, jobless claims) has shown slight signs of softening, which keeps hopes alive for a potential rate cut later in the year. A stable, non-accelerating rate environment is acceptable for tech stocks, especially those like Nvidia with explosive earnings growth that outweighs rate concerns.
Geopolitics: While always a risk (U.S.-China tensions, elections), the market has largely shrugged off these concerns for now, choosing to focus on the stellar corporate fundamentals.
Market Breadth: A key watch-out. The rally has been narrow, led primarily by the "Magnificent 7" (now perhaps the "Fab 1" - Nvidia). For the rally to be sustainable, we need to see broader participation from other sectors and smaller-cap stocks within the NASDAQ.
4. Likely Outcome for the Next 1-2 Weeks: Bullish with a Caveat
Bullish Scenario (60% Probability):
The momentum from Nvidia is likely to carry the NASDAQ higher in the very near term. We could see a continued "melt-up" towards 17,400-17,500 as underinvested funds are forced to chase performance and add equity exposure. Any dip will likely be shallow and bought aggressively, with the 17,000 level holding firm.
Consolidation/Pullback Scenario (35% Probability):
This is the most likely healthy outcome. After such a massive, emotion-driven surge, the market is likely to need a period of digestion. We could see the NASDAQ chop sideways for a week or two to work off the overbought conditions. This would reset the momentum indicators and allow the market to build a new base for the next leg higher. This is not a bearish signal; it is a strengthening signal.
Bearish Reversal Scenario (5% Probability):
A sharp reversal below the 17,000 support level and a fill of the earnings gap (~16,900) would be a significant warning. This would likely require a new, negative macro catalyst (e.g., unexpectedly hot inflation data, a major geopolitical escalation) that forcefully changes the interest rate narrative.
Trading & Investment Implication
For Bulls / Existing Longs: Hold positions. Consider taking partial profits on extreme strength, but avoid selling your entire position. The trend is your friend. Use any pullback to the 17,000 support as a potential buying opportunity.
For New Entrants: Chasing the green spike is high-risk. Be patient. Wait for the inevitable pullback or period of consolidation to establish a position. The risk/reward is poor on the day after a massive gap up.
For Bears: Fighting this tape is exceptionally dangerous. The fundamental news from NVDA is a game-changer for the index. Shorting based solely on overbought conditions is a quick path to losses.
Final Analyst Call: The next week is likely bullish with high volatility, potentially extending gains. However, the following week is highly susceptible to a consolidation or pullback as the initial euphoria settles. The overall trajectory for the next two weeks is cautiously bullish, with the understanding that a 2-4% pullback is a normal and healthy part of a strong uptrend.
The burden of proof is now on the bears to prove they can wrestle control back from a market that just received the best possible news from its most important constituent.
Not financial advice, this is just my opinion.
SPX is in a clear breakout trend! SP:SPX has triggered 2 larger bullish patterns.
Both patterns result in higher price.
Despite the weakness in NVDA the markets have shrugged off the decline.
We are trading into new all time highs so price discovery mode is in a effect.
When you have no resistance pivots or volume to trade against at new all time highs you really have to be careful if you're shorting the market.
Volume trends. extension moves, ATR, deviations should all be included in your analysis to define upside target zones.
We continue to remain net long the markets with key shorts in place.
NASDAQ Can this 1D MA50 rebound be sustainable?Nasdaq (NDX) has been trading within a Channel Up since May 12 and last week made a double rebound very close to its 1D MA50 (blue trend-line). That is technically the latest Higher Low of the pattern and as long as it holds, we should see the new Bullish Leg.
The last two major ones rose by roughly +10% each. Given that the 1D RSI also made a Double Bottom on its Support, we remain bullish on Nasdaq, targeting 24800.
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Are Longterm Interest Rates Telling Us Something?I rarely cite financial news in my market updates.
My reasoning is simple: all perspectives, bullish or bearish, are ultimately reflected in price action. That price action forms patterns, and those patterns can be analyzed to produce reasonable forecasts. After years of applying Elliott Wave theory, this approach has consistently stood the test of time.
That said, I’ll break from tradition today, as I believe the following excerpt is particularly relevant to my latest Trading View update. It comes from Barbara Kollmeyer’s article, “There’s a slow-motion crisis in bonds — and this bearish strategist thinks it will hit stocks.”
For context, I regularly track multiple market indices, futures contracts, single stocks, and notably, the yield on the 30-year U.S. Treasury Bond. For the past year, I’ve highlighted the counterintuitive rise in long-term yields that ironically began when the Fed started cutting its benchmark rate in September 2024. While brief divergences between long-term yields and Fed policy aren’t unusual, this persistent uptrend is different. The yield has been carving out a clear pattern of higher highs and higher lows, appearing now on the verge of a breakout—not just toward incremental new highs, but potentially into a runaway scenario for long-term rates.
This is why Albert Edwards’ recent comments caught my attention:
“There is a slow-motion crisis unfolding in the government bond markets that equity investors continue to ignore at their peril. The upward grind for long bond yields has been relentless, yet investors keep ignoring that to focus instead on more bullish metrics such as the latest reporting season driven by the mega-cap IT stocks, that promises a pot of gold at the end of the AI rainbow.”
His perspective resonated with me.
Having lived through the dot-com boom and bust, I recall how new technologies can fuel outsized market optimism. AI undoubtedly carries transformational potential, much like the Internet. But just as it took nearly two decades for the Internet to fully translate from speculative boom to tangible economic value, AI’s payoff will likely follow a similarly extended trajectory. It’s not an immediate catalyst.
What I am certain of is this: the cost of long-term money is rising, with implications far beyond bond charts. Higher yields directly affect mortgage rates and other long-term financing costs. More importantly, sustained upward pressure in long-term rates has the potential to weigh heavily on equities, broader markets, and asset valuations for far longer than many currently expect.
DAX/GER30 SHORT/LONG sequence Swing Trade +500/+500 points 🔸Hello traders, let’s review the 2hour chart for GER30/DAX. Strong recovery from recent lows, however price testing key resistance and support zones where major reactions are expected.
🔸Speculative setup defined by resistance at 24,500 and key S/R demand zone at 24,000. Both zones have recently been validated with +500 point reactions.
🔸Currently both resistance and support levels are respected and price action remains technical around these areas.
🔸Recommended strategy for DAX traders:
Short Sell at Market from resistance 24,500
SL above resistance, TP 24,200 / 24,100 / 24,000.
Buy & Hold Long from key S/R 24,000
SL below support, TP 24,300 / 24,400 / 24,500.
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RISK DISCLAIMER:
Trading Futures, Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
NASDAQ 100 (NAS100) potential reversal The NASDAQ 100 (NAS100 ) on the H4 timeframe it appears to be undergoing a period of consolidation within a defined range. As of approximately 20:46 (based on the timestamp), the index is trading around 23,383.6, having experienced a decline of -1.41% or 334.3 points.
Key Observations:
Recent Downtrend and Support Zone : The price action shows a clear downtrend leading into the current consolidation. The highlighted yellow zone around the 23,100 - 23,300 level seems to be acting as a support zone, preventing further immediate declines.
Resistance Zone : Conversely, an upper red zone around the 23,800 - 24,000 level is acting as resistance, capping the upside for the time being.
Range Bound Movement : The price is currently oscillating between these two defined zones, indicating a period of indecision in the market.
Potential Reversal Area : The fact that the support zone is holding after a significant down move suggests the possibility of a short-term reversal if buyers step in with conviction. However, this needs confirmation with a break above the resistance zone.
Breakout Scenarios :
Bullish Breakout: A sustained break above the 24,000 level could signal a continuation of an upward trajectory, potentially targeting previous highs.
Bearish Breakdown : Possibly, a break below the 23,100 level would likely confirm further downside pressure and could lead to testing lower support levels.
Technical Considerations :
Traders and investors should closely monitor price action within these zones. Look for confirmation signals such as strong candlestick patterns (e.g., bullish engulfing, bearish engulfing) or increasing volume on breakouts to gauge the strength and validity of potential moves.
Conclusion :
NASDAQ 100 is currently in a critical juncture. The consolidation within a potential reversal zone after a downtrend warrants careful observation. The direction of the next significant move will likely be determined by whether the support or resistance zone is broken decisively.
Why The Bubble Theory Makes No SenseIt seems like every other week with tech stocks making new all time highs, there is a constant chatter of claiming we're in a bubble. One of the classic signs of a bubble, is excessive leverage betting on ever higher returns.
This is a chart of securities margin loans provided by the Fed updated quarterly. As you can see since the 2008 financial crisis speculators have been very conservative with their use of leverage. It's almost like 2008 scared people so badly people more than a decade later are still behaving financially conservative.
Some of the rational for the talk of a bubble is historically high PE ratios, but this can be explained by massive reinvestments into AI infrastructure by the biggest tech companies. The more investments they make the higher the PE ratios look.
The key ingredient of a bubble is leverage and besides the small spike of it post-covid, there is no sign of excessive speculation.
Remember tech stocks are absolutely going to have a pullback likely next year or 2027, but the fear of a dot-com era bubble is just simply unfounded.
ARIASWAVE MARKET UPDATE - NASDAQ 400K - DOW 200K...In this major market update, I’m sharing fresh analysis that signals the beginning of a powerful new uptrend.
Years of excessive money printing have fueled what appears to be a massive incoming bull market—one that could surpass all previous trends in strength, thanks to the extraordinary liquidity injected into global markets.
We may be entering a modern-day “Roaring 20s 2.0,” but eventually, this cycle will run its course.
For now, the key is to capitalize on the opportunities ahead by making well-informed decisions.
NASDAQ testing its 4H MA50. Will it offer Support?Nasdaq (NDX) has been trading within a Channel Up since May 11 and is approaching its 4H MA50 (blue trend-line) today following a Wednesday initiated pull-back.
Technically this is so far a normal correction for this pattern, which offers a short-term buy signal as the 3 times during those 4 months that it broke convincingly, it rebounded on or close to the 4H MA200 (orange trend-line).
As a result, if the 4H MA50 offers a rebound, we could see a +9.80% rebound from the 4H MA200, the minimum that this Channel Up has delivered upon a Bullish Leg. That gives a Target of 24800.
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NAS100 3 Drive Pattern Correction Wait For BoS📊 The NAS100 has pulled back after a strong bullish run and is currently facing some pressure 📉. I’m watching a three-drive pattern that appears to have extended into a fourth drive, followed by a corrective phase 🔄. From a smart money perspective, liquidity is often targeted after a strong expansion in trend — patterns like the three-drive can frequently lead to a deeper retracement before the continuation resumes. With that in mind, I’m anticipating the possibility of a further pullback before positioning for a potential long setup on a bullish break of structure 🚀 (not financial advice).
Robbing the Nasdaq Futures | NQ1! Plan with Precise Targets💥🚨NQ1! “E-Mini Nasdaq 100” Heist Alert 🚨💥
🎯Thief Trader Bullish Takeover Plan🕵️♂️📈
🌍 Dear Global Looters & Market Bandits, 💰💸💎
It's time to crack the vaults of the Nasdaq 100 Futures (NQ1!) — Thief-style! No mercy. No fear. Just profits. 🔥
🔓 The digital vault is open — we’re layering multiple limit orders like pros to snatch the tech treasure chest. This isn’t just a trade…
👉 This is an organized robbery of Wall Street’s most elite index. 🏦🕶️
💎 Entry Point = Anywhere on the Grid!
Set your buy limit orders at juicy dips — 15m / 30m / 1H zones, support bounces, or wherever the chart whispers "steal me." 🎧📉
⏰ Stay alert — we don’t chase, we trap. 🐍
🛑 Stop Loss = 23100.00
Set it & forget it below key swing low.
You’re not in this heist to bleed. Risk small. Layer tight. Protect the stash. 🛡️💼
🎯Target = 24100.00
That’s the exit zone before the feds (aka market makers) catch on.
Be smart — take profit early if the heat gets real. 🚓🚨
🧠Strategy Mode: Layering Limit Orders
Thief never enters with one shot. We layer in like ghosts — scaling into value zones, controlling the risk, and building power before liftoff. 🚀📊
This ain’t gambling — it’s structured robbery with exit plans. 🎯💼
🧲 Scalpers & Swingers Welcome!
⚔️ Got big capital? Smash the levels and ride the breakout.
💼 Small cap thief? Ride with the swing crew — safer, smoother, more stealthy.
📍Always use Trailing SL — never let the market take back what you stole. 💰
📰 Market Sentiment: Bullish Bias 😈
AI hype. Earnings season. Rate cuts. You name it — it’s all fueling the Nasdaq rocket.
We’re riding momentum, not hope. This ain’t luck — it’s Thief precision execution.
🔔 Pro Thief Tips:
⚠️ Avoid entries during high-impact news.
🚀 Use alerts. Monitor VIX + QQQ.
💻 Watch for liquidity zones & trap setups.
🚀💣 Smash that 🔥Boost Button🔥 if you love robbing the market like a pro!
Help grow the Thief Trading Crew — one like = one stolen candle from the whales. 💵🦈
We rob institutions, not each other. 💯🤝
Stay locked in — next heist plan coming soon. 📡📈
#NQ1 #Nasdaq100 #EminiFutures #ThiefTrader #RobTheMarket #LayeringStrategy #SmartMoneyMoves #BullishPlan #WallStreetHeist #TradingViewSetup
NASDAQ (CASH100) is Approaching KEY ResistanceSince 15 May, the Cash100 has been trading within an upward channel.
It’s now approaching diagonal resistance — will it hold, or break higher?
On the chart, I have marked every time NAS has tested the diagonal resistance and failed to break through.
I’ll be watching this area closely for shorts.
What do you think: will NAS continue climbing, or is a reversal coming?
NASDAQ eyes 24300 as the Channel Up extends.Nasdaq (NDX) has been trading within a 3-month Channel Up since the May 12 candle. Throughout the whole time, the 1D MA50 (blue trend-line) has been in firm Support and right now the pattern is unfolding its latest Bullish Leg.
The last two rose by +6.67%, so that gives us a Target of 24300 by the end of the month.
Notice also that the 1D MACD is about to form a Bullish Cross. The previous one was a strong buy signal during the most recent Bullish Leg.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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