CAPITALCOM:US100 chart mapping/analysis. Nasdaq 100 consolidating into key macro economic news, much like S&P 500. Trading scenarios into EOY: Bullish reaction to macro economic news = break above ~16167 trading range (yellow dashed) towards ascending trend-line (green) / red box confluence zone. Bullish extension target(s) = new historical highs...
Nasdaq is almost overbought again on the 1D technical outlook (RSI = 69.937, MACD = 245.100, ADX = 36.889) but that shouldn't affect it much as it is trading on the lower band of the November Channel Up. Leg 1 of the bullish sequence that made the Nov 15th HH extended to the 2.382 Fibonacci level. As the 1D RSI is identical to that Leg and shows that we are...
Nasdaq established its price action over the 4hour MA50 again. A Channel Up is emerging, and could be a very aggressive one as the 4hour RSI is already overbought. You can buy now and target at least the 16785 ATH. If the price breaks over it and after re-testing it holds, re buy and target 17850 (+13.65% rise like the first leg of the Channel). Previous...
Nasdaq (NDX) completed the short-term pull-back we called on our latest November 29 analysis (see chart below), hitting our 15750 target and then rebounding: This rebound can seasonally be the start of the end-of-the-year rally, which the market calls 'Santa' or 'Christmas' rally. However, one last Resistance level remains before it is confirmed and that is...
Looking for a sweep of the Buyside liquidity into next week after a bullish continuation. Looking for expansion to the upside. Will need a bearish daily close to change bias.
Gap ups/downs are a strategy used to overcome stubborn levels. The most recent contract rollover is no exception. Opening way above the inflection level guaranteed a bullish session for the NFP day (12/8). The market is positioned for an upside continuation. We may still see some consolidation in the upper part of the channel, representing a clear bull flag...
Hello I have inserted my personal work chart for this am so I can share exactly what I'm looking at. I just discovered this today. There is a gap below current price that should be watched. I don't suspect many are trading today but if you are, good luck. Also be mindful trading view is rolling over contracts automatically on charts EARLY and this will give...
Hello everyone This is likely the last analysis/ forecast until next month/ year. As always, I am monitoring DXY for confirmations of movement on the NQ. I am bullish above the Order Block highlighted, and the supports noted. If we trade below the order block, I will be looking for a dip into the bullish FVG's marked as support. I believe a high probability...
this time we anticipate the same pattern but on the daily chart
Nasdaq is pulling back today after the 1D MACD formed a Bearish Cross and the 1D technical outlook turned neutral (RSI = 54.419, MACD = 183.360, ADX = 45.724). This has so far achieved at offsetting the previous overbought condition on the chart. Technically it can be a HH rejection on a newly emerging Channel Up. This can serve as a buy opportunity either on the...
NASDAQ:QQQ chart analysis/mapping. QQQ ETF in consolidation phase after strong November rally. Trading scenarios: Further consolidation = descending trend-line (light blue) / multiple EMA confluence zone. Continuation rally #1 = top range of Fib / ascending trend-line (green) confluence zone. Shallow pullback #1 = 78.6% Fib / 200MA confluence zone. ...
The Nasdaq Future presents an intriguing chart. Following the completion of Wave 3 on July 19, 2023, we encountered a complex Wave 4 correction. Since October 26, we've witnessed a parabolic surge, indicative of the initiation of Wave 1. Interestingly, there hasn't been a significant correction resembling a potential Wave 2. Therefore, I anticipate a downward...
Nasdaq is testing the MA50 (4h) since yesterday as the Rising Resistance weighs. The middle line (dashed) of the Channel Up is the final level of Support before a short term pull back. The Bearish Divergence on the RSI (4h), which is inside a Channel Down, is in favor of this short term pull back. Trading Plan: 1. Sell if the price crosses under the dashed middle...
Nasdaq (NDX) exceeded all expectations this month as following our November 01 buy signal (see chart below), not only did it hit the target but broke aggressively above the former Channel Down: Since November 21 basically it has turned sideways, in an attempt to normalize the previous overbought 1D technicals. It has already hit the 4H MA50 (blue trend-line)...
CAPITALCOM:US100 chart mapping/analysis for last week of November. TBC further details/write-up via ideas section, cheers.
The NQ 1-hour chart depicts a clear trading range between the key resistance at 16,085 and the current key support at 15,940, with a prevailing bullish sentiment within this range. Below the key support, a previously tested demand zone ranging from 15,930 to 15,890 exists. Shorting into this demand zone carries high risk, requiring a loss of the key support level...
Nasdaq / US100 is trading inside a Megaphone pattern and has just hit its top. A similar Megaphone in late 2022 - early 2023 got rejected on a proportional (to today's) top, followed by a 1day MACD Bearish Cross, which pulled the price back to the 1day MA50. We are about to form a 1day MACD Bearish Cross on that exact same level. Sell now and target the 1day...
A potential bull flag is emerging on the NQ 4-hour chart, with the 15945 level acting as critical support. As the market experiences a period of consolidation, we observe a gradual descent towards this support zone. This consolidation phase, following a prolonged bull run, raises questions about the market's next move: will the bull flag lead to another upward...