Nasdaq CompositeI deliberately have posted ONLY WEEKLY @ Medium term charts because hourly/ daily charts will create a Lot of Noise and Cause confusion/Panic amongst the Community ......
IXIC trade ideas
Nasdaq Got a Bear Hug - Target 9722Nasdaq formed the Pennant (bearish) pattern on the charts.
Target of 9722 will be seen in coming months.
Nasdaq longNasdaq can have a similar upmove as nifty today.
Note this analysis is for really really short term; long term trend is still bearish.
cup and handle ( Todays fed may be the trigger)
-can see cup and handle formation on charts one way target if breaks would be 5%
-feds stance will act as a trigger (break out or breakdown)
-2nd opinion even if trendline is breaken the minimum target would be 5% acc to some books on tech analysis.
us composite indexIndex in a downward regression channel
immediate support at 10900 while upward journey could go towards 13114
NASDAQ spot cmp 11179Index have historical resistance around 1186-11230 range , where index have made top and reversed , so if same resistance levels is respected , index will give sharp fall of 600-800 points fall from resistance zone.
view gets negated above 11250 on daily closing basis
keep watch index is at resistance juncture..
Nasdaq is in bounce mode.Nasdaq index is in bounce mode taking support 02nd time near 10290. It may test 10850 and 11111 soon.
Bullish Divergence seen on chart. Indian It stock also can bounce
Nasdaq Short - Possibility 10600 Nasdaq on day chart has formed Head and shoulder pattern and may fall very fast in case of bad news..... the Stop loss will be 9/20 High in case of trend reversal. Hope this doesnt happen.
On weekly there is inverted cup and handle pattern forming.
I wish it doesnt fall so much.
Nasdaq Composite Index ForecastHi,
I analyzed forecast of Nasdaq Composite.. I thought it may useful for Long Positions..
Regards,
Kamal D
US:Nasdaq Crossed 200EMA, NEXT TARGETHi all yesterday US:Nasdaq Crossed 200EMA with strong bullish ...so what is the NEXT TARGET of NASDAQ? Now NASDAQ form W pattern in day chart, it breaks yesterday. so next target 13423, 13620, 14164. Time to go for long, get ready to catch the profit. This is knowledge sharing ideas only. If you want to invest consult with your advisor once . Thank you.
NASDAQ - ABC Corrective Phase or D Impulsive Wave Completed ?On Daily Basis:
IXIC ( NASDAQ ) is currently facing a strong resistance at 12600 and also the retracement of the fall which could be D Impulsive wave. 200 DMA is at 13570, another resistance. Level of 12600 is 50% retracement of C Impulsive wave down and currently it has closed just above at 12658. RSI made a double bottom on weekly basis and turned its trend upwards. IXIC is at neutral zone right and there could be a decisive move either side which could be massive. All the major world indices and precious metals have corrected in a similar fashion, and waiting for a decisive move. IXIC breached 50 DMA and any sustainable move above 12600 could indicate a trend reversal, we may witness a bubble rally. It is at a decisive point and difficult to determine a trend. Any major decisive move upward may prove that ABC correction wave of entire Bull run from COVID low in March 2020 has been completed. Secondly, IXIC should fall immediately which should be fast and swift, then we can say that D impulsive wave is over with E impulsive wave in progress for capitulation. Right now view stands neutral.
Warning and Disclaimer:
Above prediction should not be taken as financial advise, it is a personal opinion.
Consult your financial advisor.
Investment is subject to market risks.
Past performance is not the guarantee for future performance.
It is for educational purpose only.
Mon100 ---Another down move creates opportunity for long termAnother leg of down move will provide best setup for investing in MON100 FUND.... be prepare to invest part of your capital in this Nasdaq etf without chasing the stock bottom, instead chase index bottom by SIP untill dust settle. Do your own analysis before investing, this is just an idea.
NASDAQ Enter near end of down trendNasdaq enter near end of down trend, expect it will take support at 10,300
NASDAQ COMPOSITE_Educational PurposeDownside Potential in NASDAQ COMPOSITE , Applicable ONLY In-case of NO SIGN OF RECOVERY IN ECONOMY
Only for educational purpose
I wish, this view should be wrong
