US100 - SellCAPITALCOM:US100 Bullish trend reversed after divergence and break of HL. TPs and SL marked Shortby AtifDhedhi1
Nasdaq 100 hits fresh highs as correction risks riseMajor US technology stocks have pushed higher today, maintaining their gains following Powell's press conference last night. Despite the Dow closing lower yesterday, tech-heavy indices like the Nasdaq 100 have continued to gain ground. The technology sector continues to drive market performance; without it, the stock markets would look significantly different. With technology shouldering much of the burden, the question arises as to how long this sector can support the market. While a correction is possible, the indices have not yet shown a clear topping pattern. For now, buying dips in tech-heavy indices appears to be a more prudent strategy than attempting to time the market top, despite growing concerns over valuations. Tesla and Broadcom Provide Additional Boost Several technology companies saw their shares surge at the open, including Tesla, after Elon Musk announced that shareholders had overwhelmingly voted to re-approve his compensation package and move the company’s state of incorporation to Texas. Another tech company, Broadcom, a chip supplier for Apple, reported results that exceeded estimates due to strong demand for artificial intelligence products. Stocks March Higher Despite Macro Concerns Today’s softer PPI data offers some relief, but the fight against inflation continues. At 3.4%, CPI inflation remains well above the Fed’s target, staying above 3% for the 38th consecutive month. Super core CPI, which includes core services inflation minus shelter, increased 5% year-over-year in May, its highest level since April last year. This makes the cost of living extremely high, especially considering that median US house prices are at an all-time high of $434,000 and GDP growth slowed to 1.3% in the first quarter. Additionally, there are no plans to address the nearly $35-trillion national debt and rising deficits. Fed Signals One More Rate Cut, but Markets Want More The Federal Reserve reduced expectations for interest-rate cuts this year, though Chair Jerome Powell left open the possibility for more cuts, emphasizing that the new forecasts were conservative. Policymakers' updated economic projections now indicate they expect to lower borrowing costs only once in 2024, down from the three reductions previously anticipated. Despite positive consumer price data released yesterday, they also raised their inflation forecasts. This cautious stance, however, did little to deter bond traders, who continued to bet on rate cuts. Written by Fawad Razaqzada, market analyst at FOREX.com Follow me on twitter: x.comby FOREXcom1
USNAS100 ( BULLISH PRESURE )USNAS100 HELLO TRADERS Tendency the price is a long pressure in 19,398 Turning level : The turning level 19,398 , so as long as the price above this level, there will be a new historical peaks resistance level : trade above turning level 19,398 , the price will rise to 19,715 and 19,890 support level : braking a turning level 19,398 , the price will reach the support level of 19,110 and 18,935 corrective level : price will 19,398, correct itself before long , then we can see historical price * today , we have a PPI and INTIAL JOBLESS CLAIMS , it will impact price move , in my suggestion it will negative USD I WISH YOU A PROFITABLE DAYLongby ArinaKarayi3
NAS100USD Will Go Up From Support! Buy! Take a look at our analysis for NAS100USD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 19,001.1. Considering the today's price action, probabilities will be high to see a movement to 19,199.3. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 115
USNAS100 ( UNDER CPI ) PRESSURE USNAS100 Tendency the price is a long pressure in 19,110 Turning level : The turning level 19,110, so as long as the price above this level, there will be a new historical peaks resistance level : trade above turning level 19,110 , the price will rise to 19,440 and 19,561 support level : braking a turning level 19,110 , the price will reach the support level of 18,940 and 18,675 corrective level : price will 19,110, correct itself before long , then we can see historical price * today , we have a CPI and FED rate news , it will impact price move , if the price less than %3.4 we can see a new historical price , but more than the price will be a fallingLongby ArinaKarayi3
(NASDAQ) CPI & Fed Rate: Key Drivers for Market Volatility TodayTechnical Analysis Nasdaq The price reached the target we mentioned yesterday and has now achieved 19,250. Today's Outlook: Today, the market is expected to be volatile due to the CPI release and the Federal Reserve's rate decision. A CPI reading below 3.4% is likely to support an uptrend, while a reading above 3.4% could negatively impact the indices. Bullish Scenario: If the CPI is below 3.4%, as long as the price trades above 19,100 and 19,220, the bullish trend is expected to continue towards 19,450. It is possible that the price may retest 19,100 before resuming the bullish trend. Bearish Scenario: If the CPI is above 3.4%, stabilization below 19,100 would indicate a move towards 18,940. A further break below 18,940, confirmed by a 1-hour candle close, would signal a downtrend towards 18,810. Key Levels: - Pivot Line: 19,200 - Resistance Levels: 19450, 19570, 19720 - Support Levels: 19100, 18940, 18810 Today's Expected Range: The price is expected to move between the support at 18,940 and the resistance at 19,570. Our Previous Prediction: Longby SroshMayi2216
NASDAQ Breakout and Potential retraceHey Traders, in tomorrow's trading session we are monitoring NAS100 for a buying opportunity around 18,800 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 18,800 support and resistance area. Trade safe, Joe.Longby JoeChampionUpdated 9
NAS Long Term ThouoghtI'm just leaving this here as I thought about how I see NAS playing through the year. Will comment on how it plays throughLongby Rizq-FXUpdated 222
Nasdaq TP hitNasdaq analysis successfully provides TP Accurate analysis make perfect sense 👌 1:2 RR always Longby DNA_Trader_Officials1
NAS100 Record HighNAS100 has reached an all-time high record price today. Our next moves at around this price could be: 1. A scalp sells for 200-2,000 pips 2. (the better move) Wait for retracement then follow the trend back up buying NAS100Nby MoneyGangPhone1
Buy Low, Sell HighFrom my previous Idea I suggested that price would sell to 18,000.00 range price seems to continue with the trend I was able to take a few scalps from my idea but price continued to use Mondays daily range as support Price just broke last weeks all time high and I’m not seeing to much bears in the market as of now At this moment news of CPI and inflation tomorrow will be a turning point of the trend Trade What You See Not What You Feel In order for me to sell I need to see a strong break of the 18,980 range To the moon we go by moneymastermoe1222
NASDAQ INDEX (US100): Potential Scenarios Ahead of FOMC NASDAQ Index is currently consolidating within a horizontal range. Most likely, the market participants are waiting for the FOMC tomorrow. Depending on the reaction of the market to the boundaries of the range, I see 2 potential scenarios. Bullish Scenario If the market breaks and closes above 19115 the resistance of the range, with a high probability, a bullish rally will continue. Bearish Scenario If the Index breaks and closes below 18880 the support of the range, it may initiate a correctional movement. I think that US100 may keep being weak before the news release. Let's see what direction the market will choose tomorrow. ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader1110
NAS100 Sell IdeaNas100 Ran up to right about the 19,115 area and stalled. Nas100 Tried to break this level again , and failed and rejected it. Nas100 then moved down a little and is pulling back up to the area again. I believe that this area is resistance and I believe that NAS100 will fall from this area. I am waiting to sell when I get a sell signal on early time frames. This idea is based on the phenomenon known as support and resistance. This means that sometimes traders will believe that the market will turn around when price can no longer move above a certain area. Please trade small. When I trade small and give the trade room to breathe, I usually win the trade. When I trade big... I almost always lose. Good Luckby RlcTrading118
BUY NASDAQYou can buy Nasdaq after that the price reached the Meathershold of our BBLongby YassineAnalysis4
Today's analysis strategy and ideasHello traders, The chart provides insights into critical market levels, emphasizing an essential demand zone (low-risk buy zone) spanning from 19.400 to 19.380 Important Demand Zone🟢: Identified between 19.400 to 19.380, serving as a low-risk buy. Bullish Targets: 19.500: Possible retracement area. 19.650: Possible retracement area. 19.800: Possible retracement area. 19.950: Possible retracement area. Ultimate Target: 20.100- Liquidity area.Nby James-JackUpdated 1
The latest signal analysis and trading advice!- The market is trading above a bullish trendline since mid-April ; The mid-term trend is then bullish. - However, since the establishment of a new all time high above the psychologic level of 20,000pts, bear traders have taken control of the market. The RSI indicator has already given a bearish signal by breaking out its own bullish trendline, while both short-term moving averages are reversing to the downside. - This is a bearish configuration. The bullish trend remains alive, but the sellers are clearly in control on the short-term. This can be explained by the fact investors are seizing the opportunity brough by the current rising political and monetary uncertainties, to rebalance their portfolios and take some profits out ahead of the summer season. The next support levels can be found around 18,895pts, 18,525pts, 18,160pts and even below by extension. by Jason_Traders1
Today's analysis and strategies will help youHello traders, YESTERDAT , As mentioned until price trading below turning level decline aimed first target +300 pip , today the price still bearish pressure , until the price trade below turning level at 19,688 , short direction of the price . Tendency the price is a bearish pressure in 19,688 TURNING LEVEL : the price turning level at 19,688 , price stable below this level it becomes reach a support level , but if breaking this level active bullish area RESISTANCE LEVEL: if the price breaking turning level 19,688 , the price will rise to 19,905 and 20,092 SUPPORT LEVEL : the price trade below turning level 19,688, it will reach the support level of 19,486 and 19,236 , stable this level reach to 19,109 CORRECTIVE LEVEL : price will 19,688 , correct itself before droppingby James-JackUpdated 1
US100NASDAQ is currently on a pull-back as mior-wave 4 of sub-wave 5 on wave 5 of main-wave 3, pair has done it first bearish impulse as wave A now a pull=back as B is expected.Shortby Nhlanhla_luck_IV0
GAP AND LIQUIDITY FILLEDGAP AND LIQUIDITY must be filled no matter what if you go back and researched history in the market when ever there was a new low it created a new high and vice versa this is my observations only take it at your own risk and do your own research.Short12:53by aarudaprodigy0
TP REACHEDAs you can see we reched our TP for today, see you tomorrow for another trade on NQ.Shortby YassineAnalysis1
Time for correction ?Many sessions of strong bullish momentum, now Consolidation is going, I look for sell after 200 SMA break down, Shortby Deepak_1150
Nasdaq 100 Index Weekly Chart Analysis (June 2024)Price Action: The current price of the Nasdaq 100 Index (NDX) is $19,700.43, with a high of $19,979.93 and a low of $19,623.71 for the week. The price has shown a consistent uptrend, marked by higher highs and higher lows, particularly evident since the significant dip in early 2020. Volume Analysis: The volume is 6.275B, indicating a high level of trading activity. Recent weeks have shown increased volume, which often accompanies price moves, suggesting strong market participation in the current trend. Technical Indicators: Stochastic RSI: The Stochastic RSI is at 93.97 (blue line) and 79.63 (orange line), indicating overbought conditions. This suggests that the index might be due for a pullback or consolidation in the near term. Relative Strength Index (RSI): The RSI is at 70.86, which is just above the overbought threshold of 70. This further supports the potential for a short-term correction or consolidation. Trend Analysis: The long-term trend is strongly bullish, characterized by a steady rise from early 2016 to the present. This uptrend was interrupted by a sharp drop in early 2020, followed by a robust recovery and continuation of the upward trajectory. The recent price action shows the index nearing its all-time high, which could act as a psychological resistance level. Support and Resistance Levels: Support: Immediate support is around $18,600, which is a recent low. Resistance: The next major resistance is the recent high around $20,000. A break above this level could signal a continuation of the bullish trend. The chart shows a strong long-term bullish trend, with the price currently in overbought territory as indicated by the Stochastic RSI and RSI. While the overall trend remains positive, the overbought conditions suggest a potential for a short-term pullback or consolidation before the index can make a sustained move higher. Traders should monitor the price action around the $20,000 resistance level for signs of a breakout or reversal. Additionally, watching the volume for any significant changes can provide insights into the strength of the current trend. In summary, the Nasdaq 100 Index is in a strong long-term uptrend with short-term indicators suggesting overbought conditions. A potential pullback or consolidation may occur, but the overall bullish sentiment remains intact. Monitoring key support and resistance levels, along with trading volume, will be crucial for future trading decisions.Longby mobhomo0