I'm expecting Nasdaq to test 13055 in eight months, if it recovers faster 14450 in six months based on support and resistance Trendline with Fibonnacci levels
NASDAQ:NDX NDQ long in the short run can take a long run for next one day or two. Keep small SL due to volatility.
US 100 Index : Looks a bit Scary Inverted Flag & Pole (though not perfect) Keep an eye
NASDAQ:NDX NDQ short for short time. Be fast on this fast slide.
NASDAQ:NDX NDQ analysis combining long and short term There is log and short view the amount of downstream compression is limited and if the lower levels break then we get into pre covid zones which will be a long term analysis . So for now short and long term targets given below.
as per the support and resistance I'm expecting a up move in Nasdaq, in the coming days, lets see if that happens or not
NASDAQ:NDX NASDAQ trading at support along with cooling Interest rate and Master candle at support. Futures Trade. Entry price - Current price. Stop loss - 11440. Target - 12800.
100 NDQ Retracement of the rise from March'20 low to the peak formed in Nov'21 can be seen in the chart. 61.8% retracement tested. Positive divergence on RSI has been created but lagging in no way right now to confirm a possible reversal. Swing bottom process need to happen before lagging confirms its. Lagging has negative slopes therefore need to spend time...
As discussed in previous update, Nasdaq fell down below the BEARISH ENGULFING CANDLE and now follow through has happened as it closed below the engulfing candle low. * Overhead Resistance zone - 12100_12210 * Next decent support zone - 10950_11050 & 200 WMA - 11158 * Below that strong support zone - 9737_9625
* Next decent support zone - 10950_11050 & 200 WMA - 11134 * Overhead Resistance zone - 12100_12210 * Below that strong support zone - 9737_9625
NDQ 100 Keep eye on it for long entries.use stop loss and take profit .
NASDAQ gave breakout and falling towards b/o levels. Now the question is whether it will be a clear b/o or fake b/o? Next week might give us a clear picture
Next week closing will be interesting to see whether last week b/o will sustain with retest or end up in a fake b/o
* 50 WMA - Strong Resistance * 2 consecutive Weekly Close above this will open upside further to test ATH * Failing to do so will invite fresh selling
With this trendline break, NASDAQ has clearly shown that more upside is pending. I would not be surprised if is reach 14,500. May even test the ATH? Who knows? But definitely setup looks good for bulls
selling pressure will increase if trend enter in wedge after point 5. It looks like Bearish wolf wave.
expecting down move in nasdaq once the resistance is touched, lets see what happens