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Nq100

Nasdaq 100 - NQ1! follows through with a relief rally A week ago, we abruptly warned investors that the stock market might be positioning itself for a significant bear market rally in the short term. We also clarified that we expected this move to range between 5-10%. Since then, the Nasdaq index has risen more than 5%. Currently, NQ1! (continuous futures) trades near 12 440 USD. We remain bearish in the medium/long-term; however, in the short-term, we think the index might continue higher and possibly test the resistance in the vicinity of 13 000 USD. This short-term view is supported mainly by technical factors. Meanwhile, fundamental factors continue to stay bearish. Higher interest rates, economic tightening, and looming recession pose a threat to the U.S. economy. Indeed, we think the rally might be put to an end if the FED follows through with the rumored rate hike on 27the July 2022. That would further pressure the U.S. economy, which is already at a weak point. In our opinion, the bear market rally's presence is also indicated by the enormous magnitude of moves across various stocks. Historically, bear market rallies tended to perform very well, often in double digits. That, in return, often led to confusing market participants who would later feed the cycle of buying and selling. Because of that, we think it is premature to say that the bear market is over. Illustration 1.01 The bullish breakout occurred, further bolstering the bullish case in the short term. Technical analysis - daily time frame RSI, MACD, and Stochastic are all bullish. The same applies to DM+ and DM-. The ADX contains a relatively low value, which indicates that the trend is weak. Overall, the daily time frame is bullish but with a weak trend. Illustration 1.02 The chart shows simple support and resistance lines. Technical analysis - weekly time frame RSI is bullish. MACD performed a bullish crossover. Stochastic reversed to the upside. DM+ and DM- remain bearish. Overall, the weekly time frame is slightly bullish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
CME_MINI:NQ1!Long
by Tradersweekly
8
BTC - A breakdown at downtrend breakout area looking for 19779BTC - A breakdown here at downtrend breakout area looking for 19779 (short scalp) Macro bearish ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
COINBASE:BTCUSDShort
by UnknownUnicorn7216011
NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week - Use This NAS100 USD NQ1! NASDAQ 2022 Jul 04 Week Last week NQ Scenario1+3 played out well for shorts and longs. - Minor strength displayed on all 3 TFs - Descending narrowing wedge ??Is the bottom near?? Possible scenarios: 1) If market rotates = rotational play strategy, i.e. trade at boundary of range 2) & (3) = Behavior change scenario 4) <10000 = Devious scenario of hopelessness before market bottoms Weekly = Ave vol Down off low (and > vol than previous bar) = some minor strength Daily = Ave vol up bar close at high = minor strength. H4: Indecisive - Effort no Result for shorts = minor strength Price reaction levels: Short on Test and Reject | Long on Test and Accept 12906 12442 11348 11068 10359 <10,000 break of psychology support Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677