NVDA hit 1 tri cap and it lasted just one day. It happened with Apple at 3 tri cap. Top is in? Price action do look somewhat bearish, with price capped by the PZ, could see a visit to the BZ. If so, looking for a possible bounce.
Short term Elliott Wave View in Nasdaq (NQ) suggests the rally from 4.26.2023 low is in progress as a 5 waves impulse with extension (nest). Up from 4.26.2023 low, wave ((i)) ended at 13370.25 and pullback in wave ((ii)) ended at 13001.75. Wave ((iii)) is currently in progress with internal subdivision as another 5 waves in lesser degree. The 1-hour chart below...
Nasdaq has been on an incredible rise since March 24th after hitting the MA50 (4h).
The MACD pattern is trading on the same sequence as the March 7th-17th and January 12th-27th patterns that led to new Highs on the 1.618 Fibonacci.
The long term pattern remains a Channel Up.
Trading Plan:
1. Buy on the current market price.
Targets:
1. 15100 (marginally under...
Nasdaq hit the 1.236 Fibonacci extension which was our target on the last call we gave and has turned overbought on the 1D time frame (RSI = 71.555, MACD = 292.250, ADX = 40.204). We are expecting a pull back to at least the 1D MA50 and the HL trend line. The most optimal buy signal will be when the 1D RSI touches its HL trend line. Next long term target is R1 and...
So i mixed this one with volume + Gann box (volume calculated from other platform)
interstingly they are match
they say the same thing levels and direction movements
this is it guys
time will the tale i just told you, you will see.
Similar to SPX, as mentioned, US is open today; look for the reaction to the debt ceiling deal news. But with price below PZ, look for a move lower, with 14249 as a level of interest and a possible lower target of 14187.
this is overobughjt and on fib go all in short free 400p, be careful for some bullcrap momenent tmrw maybe to 14500 so risk mangement is key but keep a short until it goes down to 14000, i want to se 13600
Here's my view on Nasdaq Futures on Daily Timeframe.
Elliott Wave is high subjective, i will post if there's a new update on my perspective.
Trade safe, Everyone!
Cheers
#stocks
Everyone is currently awaiting the approval of the US national debt increase and, for some reason, they think it's very bullish. But why isn't it? The S&P index is essentially stagnant, while the Nasdaq is growing. However, this growth is driven by the seven giants, and if they are removed from the list, the Nasdaq has only grown by about 1% since the...
🔹NDX shows strong development within a rising trend channel in the medium long term.
🔹ND has risen strongly since the positive signal from the double bottom formation at the break through resistance at 12042.
🔹There is no resistance in the price chart and further rise is indicated.
🔹RSI is above 70 after a good price increase the past weeks.
🔹High RSI may be a...
NQ - W Set up
Double bottom set up, as long as it stays above 11400/500 areas as support. We are at current resistance that has been tested multiple times break above 12 1/2 I expect 13 1/2 and perhaps 14200/300 areas.
We did have FOMC and nothing new has been changed imo rate hikes continue..
Key tip: Higher time frame, less emotional attachment
Enjoy,...
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that nas100 is actually approaching a quite obvious previous weekly structure area which is now acting as resistance at the $15.000 level.
You can also see that over the past couple of weeks, nas100 had a massively bullish rally and we are...
complete failure of proposed idea 🤣 Ongoing anal: until ES/SPX breaks out above 4300 and holds, I expect that we get more of the same: Tech and Semis, insomuch as they relate to AI, headed higher, while the rest of the market lags. However, there are hints of signs that the market wants to challenge the status quo and move higher, but more work is to be done.... BoLTA
Another update on the US Dollar index and its negative correlation with major markets. DXY has moved back into an area of indecision with regards to recoveries occurring across markets:
Bitcoin, Gold, Dow Jones Industrial, Nasdaq are all negatively correlated with the Dollar Index, with few exceptions, over the last year or more.
Many of these are also at...
Greetings,
A mirror to my tableau painted for Bitcoin,
I surmise that the Nasdaq is engaged in the theatrical rendition of a cycle degree fourth wave.
Historically,
these fourth waves are prone to a tactical withdrawal into the realm of the prior degree wave four territory.
In this distinct instance, the territory in question lurks in close proximity to the...
Nasdaq / US100 is rising following a rebound on the 4hour MA50.
The pattern is a Channel Up with the 4hour MA200 the medium term Support since March 16th.
This rally can complete a +13.40% rise if it follows the March 13th - April 4th bullish wave.
Buy on the spot and target 14400.
Previous chart:
Follow us, like the idea and leave a comment below!!
We turned bullish last year mid October. We've turned short term bear every so often but have maintained the LONGER TERM Cautious bull narrative for some time.
IMO buy the dips is still working.
#NDX looking to open @ 2023 high
IMO we still have more upside
Debt ceiling ya ya ya (MARKETS ARE IRRATIONAL)
HOWEVER!!!!!!!!!!!!!!!!
On a WEEKLY basis:
We can sell...
![NDX: NDX - Rising Trend Channel [MID TERM]](https://s3.tradingview.com/e/ey8oCn1r_mid.png "NDX - Rising Trend Channel [MID TERM]")
