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Nq100

Nasdaq 100 - A new low confirms that downtrend will continueToday, the Nasdaq 100 index erased its gains from the preceding day, hitting all our previous price targets for NQ1! and QQQ. Therefore, we would like to update our thoughts on the index. We remain bearish due to fundamental factors pointing to a strong recession. However, technical factors also support this pessimistic thesis. Due to that, we would like to set a new price target for NQ1! at 10 500 USD and 10 000 USD. We would also like to set a new price target for QQQ at 265 USD and 260 USD. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the daily time frame is bearish. Illustration 1.01 Moving averages continue to confirm the downtrend. Although volume declines slightly, we will pay close attention to it. If volume continues to fall further, it might foreshadow an upcoming “bear market rally.” However, if the support is broken, then the selloff is likely to accelerate. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. 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.
NASDAQ:QQQShort
by Tradersweekly
6
Nasdaq 100 - The FOMC threatens further rise of NQ1!Over the past week, the Nasdaq 100 index has been choppy. Meanwhile, the volatility has dropped and many analysts rushed to call the bottom for the stock market. We repeated several times that we do not believe this bullish narrative. Instead, we expressed our belief in the short-lived “bear market rally”. We still maintain this notion and expect the market to continue lower. Therefore, we would like to set a price target for NQ1! to 12 500 USD and 12 250 USD. Fundamental factors We expect the FED to raise interest rates next week, which in turn will put more pressure on the economy. At the same time, we expect economic tightening to further deteriorate the economic situation. As a result, we are bearish on the Nasdaq 100 index and the U.S. economy. Illustration 1.01 Illustration 1.01 shows the daily chart of NQ1!. The choppy price action occurs mostly within the neutral zone. We anticipate a breakout to the downside. Technical analysis - daily time frame RSI is neutral. The same applies to MACD. Stochastic oscillates in the bullish area. DM+ and DM- produce whipsaws. ADX suggests the trend is turning neutral. Overall, the daily time frame is neutral. Illustration 1.02 The picture above shows a series of false breakouts above the hourly downward sloping channel. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. 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 serve as 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!Short
by Tradersweekly
Nasdaq: Get Down to Business!Or rather get up to business as that’s the direction to go for Nasdaq. The tech-index should move above the resistance at 13583 points to complete wave i in magenta at about 1500 points before starting a countermovement downwards to finish wave ii in magenta. However, as long as Nasdaq has not made it above 13583 points, we still must allow for our alternative scenario, which would come into play if the index were to fall below the support at 11491 points.
CME_MINI:NQ1!
by MarketIntel
NAS100 USD NQ1! NASDAQ 2022 May 30 week NAS100 USD NQ1! NASDAQ 2022 May 30 week Last week could be a setup for rotation scenario3 11690-12543. The influence of minor strength over the 3 TF analyzed proved it is a week for the longs after price brokeout the dotted trend line... Note: H4 showed a build up of bullish volume last week. If 12594 is supported we should look to long on retracement. Possible scenarios: 1) Rotation Scenario: Rejection of 12594, possible target will be 11690 2) Scenario 2 Long Set Up: (a) If market test between 12920-12250 and is supported, we may be looking for long opportunity. (b) Also if 12594 is tested and supported we should then look to long on retracement Weekly = Average vol up bar closing at high, above high of previous bar = strength + reversal Daily = Average vol up bars = minor strength H4:Very High vol narrow spread up bar followed by lower vol up bar = weakness Price reaction levels: Short on Test and Reject | Long on Test and Accept 14729 14365 13587 13025 - 12797 12594 12110 11690 11100-11068 Remember to Like and Follow if you find this useful. Have a profitable trading week ahead.
CME_MINI:NQ1!
by paradox677
NASDAQ 100From the last post, I updated it on 20th may, that it looked like a bear market rally was about to take place, which was a correct call. the target for the bear market rally is set to about 13200 and 13600. This is approximately an increase of 15 pct. and 18 pct. respectively. These levels should spark a euphoric feeling in traders, where everybody starts to rebuy assets. But who are they buying from? the fund managers are offloading their holdings in every sharp spike and retail are buying them. This traps retail, and saves the big boiz, while retail gets f***t. Also a lot of people shorted at the bottom or between the area 11500 and 12500, so this rally is about a stop loss hunt. I expect some choppy trading to the upside. I am hedged to the upside, but I am still net short, so if the bear market rally call goes against me, I am still short. and if the call for the downside also goes against me, I am hedged to the upside. a win-win situation. the economic situation is not changing soon. China and Russia are further fueling the macroeconomic crisis, and for now, we will see some relief rallies, but when the rally ends, we will go to the first down target level of 10700 as posted earlier.
CME_MINI:NQ1!Long
by Fx-AlphaStrats