Yesterday, the USNAS100 had a +325 pip increase and is currently trading between 18800 and 18550. I believe that the price will retest down to 18405 and then begin to rise again, is also likely in the same zone to move higher again with positive momentum toward a new high zone.
Breaking under 18550 will confirm the retest to 18405.
Hi Guys,
US indices have ripped up from the recent pullback and back into all time high territory once again.
I have marked a pink box just above price on the Nasdaq where there might be a chance of some selling pressure and maybe a slight pullback, which looks due as it is well extended from its key MAs and 4hr RSI extremely overbought.
The pink box is zone...
Futures Edge Higher as Softer Inflation Report Boosts Rate-Cut Hopes
All three major indexes reached record closes following a smaller-than-expected rise in consumer inflation, sparking optimism that inflation is easing after three consecutive months of higher-than-anticipated numbers.
The market is now anticipating two quarter-point interest rate cuts from...
Dear All,
Hope you're doing great, I came with possible bearish plan with the pair, As it can be seen that price is testing ATH again which is a great reversal pattern called double top,
all we need is to wait for bearish push down with continuation which will validate our selling execution,
One more interesting thing in this setup is that we have very small...
Nasdaq has broken its all time high of 18500 on march 24. It is currently trading above it but does
momentum supports new high?
As far as volume is concern. There is bearish divergence on volumes. Volumes are on lower sides on this breakout raises eyes on bull trap.
We have another harmonic pattern is forming which supports 18800 to be the reversal points....
After sweeping the 17114 level on the daily timeframe, price has broken 17435 which was our Break in Structure. We are looking to go long once price breaks above 17603 (Reclaimed OB) leading us to target 1 coming in at 18029 and price is above our 50 MA. Below the 17435 is a dead zone (Point of no return) More updates to follow.
US100 has reached its all time daily and weekly highs
Should reverse now to take liquidity
Shorting based on previous HL being broken and new HH not being formed
Please pay special attention to the accurate trend, very accurate colored levels, and channels.
>>>>>>>>>>>>> The setup is very sensitive <<<<<<<<<<<<<<<<<<<<<<
Be careful
BEST
MT
During the week you can trade from these price levels. Finding the entry point into a trade is up to you, depending on your trading style and the development of the situation. Zones show preferred price ranges WHERE to look for an entry point into a trade.
If you expect any medium-term price movements, then most likely they will start from one of the zones.
...
Hello traders :)
I am back with another trader idea. In the case of Nas100, we can expect a move to the downside soon.
Like I've mentioned in previous analysis shared on indices. In general, May is a bearish month for the Indices.
I will be shorting this pair for a 3-4R. It can be traded as a correction, or we can look to hold until the end of May.
I will...
Nasdaq is almost overbought on the 1D timeframe (RSI = 69.095, MACD = 114.290, ADX = 45.033) and even though it has entered a new long term bullish wave, a short term technical correction is needed. In addition, it has completed the first 4H Golden Cross since November 8th 2023. The index then crossed over the LH trendline. We are already above the new LH. Enter...
As I mentioned yesterday, Nas100 rises, and then it rises and reaches our target. It is currently trading above 18245 and around 18390. Reaching the 18390 level and stabilizing above it, we reach the 18480 level. However, if the price fails to rally and falls to the 18240 support level, a short trade below this level will activate the downside to reach the 18130...
Major correction to be expected in the weeks to come ,starting most likely from
next week ( May 6th) .
This correction will occur on stocks , indices and most asset classes and will reach as deep as 26% on average and possibly even deeper .
For NASDAQ:NDX I expect it to reach at least the 14000 mark , and possibly even as deep as 10500 -10000 .
This...
Having handled the decline, the markets now seem to be on the verge of a melt-up. We are already seeing it in European securities and industrials. However, I think the risk reward is best in Nasdaq, where I think we will trade at least 15% by the end of Q3. Looking at some data, it seems that fund managers are again underinvested in equities, which limits the...
US100 might have created a false break on current resistance if the pair pull back within this zone it will open up room for sell positions in the days ahead
Jinny Gann Star.
Important LEVELS.
16597
18696
horizontal lines are Support/Resistance .
Vertical lines are time pivots .
The most accurate Gann tools here.
Jinny Gann
Appreciate your Comments.
GL
I posted a similar video yesterday, but it was taken down because I screwed up the content. So, I'll try to post this video without messing up the content.
The US markets (particularly the NAS100 - as shown in this video) will likely continue to move in a strong bullish price trend - even against the multiple divergences and other technical peak/exhaustion...
