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Nasdaq100strategy

Nasdaq 100: A New All-Time HighNasdaq 100: A New All-Time High As shown on the Nasdaq 100 chart (US Tech 100 mini on FXOpen), the value of the technology stock index has risen above its February peak, setting a new historical high. Bullish sentiment may be supported by: → Easing concerns over potential US involvement in a Middle East war, as the ceasefire between Israel and Iran remains in effect. → Media reports suggesting that Donald Trump is considering replacing Federal Reserve Chair Jerome Powell by September or October, in an effort to influence a rate cut that could accelerate economic growth (though this also raises the risk of a new inflationary wave). Technical Analysis of the Nasdaq 100 Chart Price fluctuations in May and June have formed an ascending channel (highlighted in blue), with the following observations: → The decline (marked by red lines) appears to be an interim correction forming a bullish flag pattern; → The 22K level, which acted as resistance mid-month, was breached by a strong bullish impulse (indicated by the arrow) from the week's low. This leaves the market vulnerable to a potential correction, which seems possible given: → Proximity to the upper boundary of the ascending channel; → Overbought conditions indicated by the RSI. If the market corrects, a retest of the 22K level may happen. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:NDQM
by FXOpen
Nasdaq's Drop: A Temporary Rebound Before More Downside?I've been calling for a strong correction in the Nasdaq (and all major U.S. indices) since the start of the year—long before the tax war even began. I warned that a break below 20,000 was likely, with my final target set around 17,500. And indeed, the index has fallen—regardless of what the so-called "cause" might be. Right now, Nasdaq is trading at 18,400, sitting right at a minor horizontal support zone. ________________________________________ A Short-Term Rebound Before More Downside? 📉 Overall Bias Remains Bearish – The broader trend still points lower. 📈 Rebound Likely – A push above 19,000 in the coming days wouldn’t be surprising. ⚠️ High-Risk Setup – Going long here is risky, given the current macroeconomic backdrop. ________________________________________ Trading Strategy: Short-Term vs. Long-Term ✅ For Short-Term Traders & Speculators – A temporary upside correction could offer a buying opportunity. ❌ For Swing & Long-Term Traders – It's better to wait for this rebound to fade and position short for the next leg down. While a bounce could be on the cards, the bigger picture still points lower—I remain bearish in the long run. 🚀 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
TRADENATION:USTECLong
by Mihai_Iacob
Nasdaq100 What Now Episode 28Hey guys the Nasdaq100 is getting really interesting as the day runs by. Who am I kidding we've got investors cussing at the lady. Anyway, the bulls are looking prepared for battle making me realize that maybe just maybe we reached a bottom yesterday by bottom I mean a lower-low. There's no downtrend without a news lower-high right? So I feel like that's the confirmation we'll be needing if the bears are to be back. But as at today I can't help but think we should be on the buyers side at least for us day-traders. Try not to miss my streams as I would be explaining what I've got going on for the day. But, watch the video first---to get an insight on the day's plan. Have a great day: today.
OANDA:NAS100USD
by lazyluchi
2
Nasdaq100 What Now Episode 25It's that day of the week traders. And by that day, I mean NFP and Unemployment rates. A friend of mine said, "NFP is over-rated".. Haha! I guess today, we'll see. Anyway, it's NFP today and I just feel like this week hasn't been he best for me. But I'm still kicking it right? Still hustling and fighting my way to being a pipionnaire (ignore that, doesn't make sense). In this video though, I talk about yesterday's balance, I guess the question here is. Was FOMC a bluff? Furthermore, I speak on what I will be doing today. So be sure to watch the whole clip to catch the trick. Have a great day!
OANDA:NAS100USD
by lazyluchi
2
Nasdaq100 What Now Episode 24Yesterday's FOMC turned out pretty Pooo---ssi-tive. Needed to stretch that for the people at the back (one's who missed the stream) Anyway, the question for today is, Are the bulls really back? because we've got a Higher-low but for some reason this long candle on the 240 might just be looking for a balance. So a New low will help the situation. By the way, be sure to watch this video till the very end because I talked about future possibilities you might wan to hear (know). Furthermore, we've got a 13600 level waiting to break. Just so you know, that was a previous strong resistance zone so anything above that is a cool "buy"..
OANDA:NAS100USD
by lazyluchi
1
Nasdaq100 What Now Episode 22Are The Nasdaq100 bulls looking to make an appearance or are they back finally? On all the major time-frames, You'll see a bullish divergence making an appearance. What should we expect tomorrow? The ISM manufacturing Index turned put Negative with a 55 reading. The bears couldn't keep up. Although a clean 12726 reach but, they couldn't go past that. I mean I can't say for sure that these guys are back but I'll be looking for a BOS. If you love my idea, leave a like, comment, and subscribe..
OANDA:NAS100USD
by lazyluchi
4
Nasdaq100 What Now Episode 21Who’s In The Nasdaq And What Are They Doing? My plan for this week is: Start from the Monthly since we’ll be in May (by the way, Happy new month) wait for that new candle to pop and see how it opened. Then head over to the weekly. On the weekly, we are currently bearish with the market below previous Lower-lows. But I mean, Anything is possible (Plus we’re news packed for this week?). Furthermore, I’ll be waiting to see if we open up bullish. If we do, then you know—Head over to the daily for confirmations. I feel like for the Nasdaq100 bulls to come in, the 12800 (check this link to see them mark-ups) zone needs to become support. If that zone breaks, then we’ll be really going for that funeral in Nasdaq100. I mean there’s a lower high created already so damn I see a clean 12k if there’s a break. Anyway, the 4-hour will be for rejections as usual, then the 15 minutes—my entry time-frame. Let me see what Monday holds. The month of April, the tech-heavy Nasdaq100 logged its largest monthly drop since the 2008 financial crisis. Last week, I said—“What’s my plan? Same old. Weekly and Daily: Directions. I mean since we’re really bearish now, I might as well keeping looking for sells. As long as, we don’t pass the previous Lower-high at: 13700 (4-hour lower-high) I’m selling. So, I’ll be looking for new highs on the 4-hour. Then, I’ll be going to the 15 to look for entries. Let’s see how that goes”.. This week, Bleh🤦‍♀️. That plan went well only on Friday (The sell-off accelerated on Friday followed a disappointing earnings and guidance from Amazon (NASDAQ:AMZN) that sent the e-commerce giant’s shares down 14%). The Nasdaq100 this week was insane especially on Wednesday and Friday. Monday started it. Honestly, The Monday’s market was really a come back proudly brought to you by the bulls. The market for last week, dropped to 12806 but—on Monday, we got the bulls fighting tooth-and-nail to come back in, Which was crazy. They made it look mixed. I remember just going with my sells till I got stopped out. Anyway, that really set the mood for everything. However, on Tuesday, the bears took the market down. Smooth-sailing if you ask me. On the 240, that was a lower high so it wasn’t surprising: the bearish continuation we got. By the way, I made some humble pips 🥴. Wednesday😂. Luna-Wednesday.. A day for madness. Nasdaq100 on Wednesday was the day I literally felt my emotions flood in. The market was so mixed that you could take a sell and buy at the same time and still be in loss. 😂Honestly, no jokes. It was that stupid. By the way, this lady—stayed away. Ain’t losing my mind for no market. Hmm.. Thursday, the bulls took the baton and we got a 13400 hit which they failed at New-York close because it wasn’t long before the bears started leaving signs again. Finally, Friday was mixed at first but, the Nasdaq got some liquidity pumped into her after the US market opening. That was a summary of how last week in Nasdaq100 went down. This week, is a actually a new month and I feel like it will not be exempted from madness. Here’s what to expect: The fed guys reserve is almost ready. from the news below, That would take place on Wednesday. Also, The labor market. Another key part of the Fed guys mandate and Friday’s NFP is expected to show that jobs growth remained robust in April. Did it though? I guess we’ll know.. What’s your pick, Dovish or Hawkish? Nasdaq100 High Impact News For 2nd-6th Of May, 2022 The gist. Usually, Mondays are news free but I guess the month of May is coming with a different vibe. Monday, May 2, 2022 by 15:00—We’ve got the ISM Manufacturing Index. The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers Inventories, Employment, and Prices), this report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction and the diffusion index. Responses are raw data and are never changed. The diffusion index includes the percent of positive responses plus one-half of those responding the same (considered positive). The resulting single index number is then seasonally adjusted to allow for the effects of repetitive intra-year variations resulting primarily from normal differences in weather conditions, various institutional arrangements, and differences attributable to non-moveable holidays. All seasonal adjustment factors are supplied by the U.S. Department of Commerce and are subject annually to relatively minor changes when conditions warrant them. The PMI is a composite index based on the seasonally adjusted diffusion indices for five of the indicators with varying weights: New Orders –30% Production –25% Employment –20% Supplier Deliveries –15% and Inventories — 10%. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Secondly, Tuesday May 3, 2022 at exactly 15:00 GMT—is the: JOLTS. This is a survey done by the US Bureau of Labor Statistics to help measure job vacancies. It collects data from employers about their businesses’ employment, job openings, recruitment, hires and separations. JOLTS defines Job Openings as all positions that are open (not filled) on the last business day of the month. A job is “open” only if it meets all three of the following conditions: 1. A specific position exists and there is work available for that position. 2. The job could start within 30 days, whether or not the establishment finds a suitable candidate during that time. 3. There is active recruiting for workers from outside the establishment location that has the opening. A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD. On Wednesday May 4, 2022 by 13:15 GMT—The ADP National Employment will take place. The ADP National Employment Report is a measure of the monthly change in non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients. The release, two days ahead of government data, is a good predictor of the government’s non-farm payroll report. The change in this indicator can be very volatile. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. Same day by 15:00 GMT will be having A repeat of Monday’s ISM Manufacturing Index news while, by 15:30 is the Crude Oil Inventories. The Energy Information Administration’s (EIA) Crude Oil Inventories measures the weekly change in the number of barrels of commercial crude oil held by US firms. The level of inventories influences the price of petroleum products, which can have an impact on inflation. If the increase in crude inventories is more than expected, it implies weaker demand and is bearish for crude prices. The same can be said if a decline in inventories is less than expected. If the increase in crude is less than expected, it implies greater demand and is bullish for crude prices. The same can be said if a decline in inventories is more than expected. Listen, Wednesday is packed. So heads up on that day because by 19:00 GMT, the feds take over. First is the FOMC. The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) statement is the primary tool the panel uses to communicate with investors about monetary policy. It contains the outcome of the vote on interest rates, discusses the economic outlook and offers clues on the outcome of future votes. A more dovish (bearish/slow economical growth) than expected statement could be taken as negative/bearish for the USD, while a more hawkish (bullish/rising inflation) than expected statement could be taken as positive/bullish for the USD. Same day; same time is the Vote. Federal Open Market Committee (FOMC) members vote on where to set the rate. Traders watch interest rate changes closely as short term interest rates are the primary factor in currency valuation. A higher than expected rate is positive/bullish for the USD, while a lower than expected rate is negative/bearish for the USD. Finally on Wednesday, by 19:30 GMT. The U.S. Federal Open Market Committee (FOMC) Press Conference.. Thirdly, Thursday May 5, 2022 at 13:30 GMT is the Initial Jobless Claims. The Initial Jobless Claims measures the number of individuals who filed for unemployment insurance for the first time during the past week. This is the earliest U.S. economic data, but the market impact varies from week to week. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Lastly, By Friday May 6, 2022—13:30. The rates of unemployment will be released. The Unemployment Rate measures the percentage of the total work force that is unemployed and actively seeking employment during the previous month. A higher than expected reading should be taken as negative/bearish for the USD, while a lower than expected reading should be taken as positive/bullish for the USD. Same time is the Nasdaq100’s very own “NFP”. The Nonfarm Payrolls measures the change in the number of people employed during the previous month, excluding the farming industry. Job creation is the foremost indicator of consumer spending, which accounts for the majority of economic activity. A higher than expected reading should be taken as positive/bullish for the USD, while a lower than expected reading should be taken as negative/bearish for the USD. According to investing , “Friday’s nonfarm payrolls report is expected to show that the U.S. economy added 380,000 jobs in April, while the unemployment rate is expected to tick down to 3.5%. The jobs report comes on the heels of data last Thursday showing that the U.S. economy unexpectedly contracted in the first quarter, but the decline was largely driven by a wider trade deficit as imports surged, and a slowdown in the pace of inventory accumulation. Domestic demand remained robust, allaying fears of a recession. But the outlook for the economy continues to be clouded by concerns over the economic impact of the war in Ukraine, rising bond yields, new coronavirus lockdowns in China that could stymie improvements in global supply chains, and more aggressive monetary policy tightening by the Fed“. In conclusion, after all this I don’t know if I should tell you to stay away this week. But you know what? Just be really careful. Look left, right, and left again before you cross roads. Have a beautiful month and successful week. All economic data are credited to investing.com
OANDA:NAS100USD
by lazyluchi
2
Nasdaq100 What Now Episode 20 Nasdaq100 yesterday was on some cool bullish vibes. Who would have thought? Hmm.. maybe me. Anyway, I just want you all to choose peace today (lol) Not violence. Free day; No News (major one) so, chill. In this video, I talked about the weekly being really indecisive, the daily showing some bullishness however, we got past previous low. The question now is, are the bulls back/ If yes, how long are they staying before we send them packing? Listen! I also marked two zones: one---supply the other, demand. On the 15 the bulls are looking to get back but we're still trading above previous ss higher-lows. What could this mean? Well if you ask me? I'll say trade that trend till you're wrong. Have a blissful and profitable day. Love, Lazyluchi.
OANDA:NAS100USD
by lazyluchi
Nasdaq100 what now episode 17Nasdaq100 bulls came in but for what? The daily 23% at 13573 just go smashed this morning and the bulls are likely to go for the weekly 23% at 13650. Hmm! thinking about it, Just maybe they are back. Anyway, don't care about that. The 4-hour looks different though because it's on there I'll be looking for my rejections. If the daily 23% gets rejected and fails to break---the bears will be back. SO for today, I will like to see what happens at that zone. On the 15 minutes however, the support level is looking flooded with lots of rejection candles. Who knows if these guys are even strong enough. I really don't want to under-estimate them. For the News: we've got New Home Sales, CB Consumer's Confidence, and Core Durable Goods Orders. Have a great and profitable day today. Love, Lazyluchi
OANDA:NAS100USD
by lazyluchi
4
Nasdaq100 What Now Episode 10Hey traders, we're finally in the tenth episode of "Nasdaq what now". Gotten to see different movements in Nasdaq100. Now, it's the tenth one. Anyway, the Nasdaq opened up bearish. One word "fatality".. I can't say for now what their mission is. But, according to the daily fib levels---There's a possibility for a 13583. Hmm,, Tough! Won't be outlining anything today but stay tuned for the next episode to see what's to come for the week. Do you like my idea? If yes, do me a huge favor and smash the like button, comment, and be sure to follow me to know when I post. Cheers, lazyluchi
OANDA:NAS100USD
by lazyluchi
NASDAQ100 BUY IDEA!Hey tradomaniacs, looking at the market-depth NASDAQ100 looks pretty bullish to me as accumualtion is already happening ahead the NFPs. Generally, I think both scenarios whether bad or good NFPS will both be bullish for equities as a bad result would mean more liquidity and a good result a good improving economy with the expectation that the FED might cut QE in the near future. Technically we see a double-bottom and a potential breakout to the upside! Let`s see what happens! .-)
NLong
by Trading2ez
3