NQ: At make or break trendlineNQ is testing the january 2023 trendline.
We should see where we close tonight and if we make or break next week 😉
I'll buy the bounce with a tight stop below the trendline +/- 1%
We'll see what happens next week.
USATECZ2025 trade ideas
NASDAQ 100 : DANGER !!!- The market has been trading in a bullish channel since the Q4 2023, the long-term trend is therefore bullish.
The technology stock index benefits from a growing appetite on the part of investors, particularly encouraged by the growth prospects for these assets thanks to the digitalization of economies, the craze for cryptographic markets as well as the boom related to AI.
- Thanks to technical analysis, we can easily realize that the trend is gradually losing its strength.
Indeed, new highs are getting lower and lower and the RSI indicator gives us two alarming messages:
1) the bearish divergence between the market and the RSI confirms the trend slowdown.
2) The breakout of the trend line by the RSI indicator tells us about the growing possibility of a bullish trend invalidation from the market. the market.
- Even if the trend remains bullish on this index so far, investors could prefer to remain cautious with regard to the different signals sent by technical analysis.
Indeed, the prospect of a future correction increases every day and could take the index towards 17,180.0pts, 16,600.0pts or even 16,135.0pts by extension.
For the moment euphoria reigns on the market, especially since the latest results published by NVIDIA, but the bubble could well burst soon.
To be continued...
Pierre Veyret, Technical Analyst at ActivTrades
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All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
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Challenge Among Giants:'Magnificent 7'Impact Nasdaq vs 10YBondsThe intriguing mismatch between the Nasdaq and the 10-year US Bond since last November reveals the strong influence of the 'Magnificent 7' . While the Nasdaq has reached highs in late January continuing the Christmas rally, reaching 17,791.75, the bond has experienced a decline, generating an unprecedented negative de-correlation. Although technical analysis suggests a possible bullish continuation of the index, given that it kissed the floor of the bullish channel at 17,121.32 returning to the channel mean yesterday, the bubble created by these tech giants and the negative correlation with the bond raise caution signals in that channel.
Despite the price checkpoint (POC) at 16,823.36 points, the high overbought levels and adverse correlation with the 10 Year Bond indicate the possibility of a correction later in the year that may at the very least return to the checkpoint or continue down to kiss 16556 which is its previous gap price.
Since December 8, volumes have generated intense movements, reflecting strong oscillations between overbought and oversold. Although we are in the middle of the RSI divergence channel, everything points to a possible continuation of the upward move. Until it can close with the crossing of the 34 vs 84 day averages, which there we could have an interesting death cross to trade, although the 233 average remains in its line without crossing without the other two, that this could be another confirmation of this possible bullish continuation.
Ion Jauregui - AT Analyst
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
