The NASDAQ-100 is an index that is constituted by 100 of the largest companies listed on the NASDAQ stock exchange, which is the second largest in the world only after the New York Stock Exchange by market capitalization. The companies that are listed in this index range from a variety of industries like Technology, Telecommunications, Biotechnology, Media, and Services. The NASDAQ-100 was first calculated in January 31 of 1985 by NASDAQ and it is a modified capitalization-weighted index. This index has been of good reference to investors that want to know how the stock market is performing without financial services companies, this given that the index excludes financial companies.
This is currently an incomplete correction, Nasdaq100 is not continuing upwards to resume the trend... it must complete the pattern.
It doesn't necessarily have to touch the A Wave Low although it will make a move down to that area leaving us with a very good short opportunity.
Thanks, Lorenzo
- Ichimoku setup is bullish, but price got too quickly too far above Kijun Sen (a bit overbought)
- Heikin-Ashi signals a pause and a possible local top (Not yet bearish)
Warning signals:
- If market is unable to gain more momentum and recapture 7000+, then it will likely set up a major Head and Shoulders pattern. After so many years of strong bullish run, this ...
Hello friends. Today we have observed some hesitation and weakness in the price action and in my opinion we should see a pullback in the next day or two. My goal is to sell as high as possible and to buy as low as possible. Thank you for taking a look.
Hello friends. I probably couldn't find anything more scary than this pattern - a wolfy bear (the worst kind of bear out there) and in my opinion only. Every pattern deserves consideration. Have a great day.
Hello friends. I'm posting my little idea today. It's an observation and an exercise and a question to everybody. If the efforts are not rewarded: What happens next? To make a bearish call here would be too simple so I'm leaving everyone with an opportunity to fantasize. The answers are probably not in the black & white spectrum imho. Happy trading friends.
Hi guys. Here's a statistical target based on the current pattern. Please note the current support zone too so a trap should not be excluded. This is in terms of probabilities only and in my opinion.
Hi guys. I'm sharing my plan for tomorrow. I'll try to update during the day if I have time. I'll trade QQQ but in close reference to NAS100. Good luck tomorrow.
