NASDAQ 100 (US tech index)

Posts: 283 · #1 - June 26, 2020, 01:04:43 PM

Hi i could't find a topic related to this index so i opened new .
Probably everyone knows Nasdaq 100 technology index and almost every broker have this is in offer.

My analysis for today and upcoming week.

now 10000 level is the for buyers and 10130 for sellers . it is for term. longer terms i would wait with any buying until 9550.
but this very strong uptrend so i suppose that 10000 should hold then strong break above 10130 is another confirmation...

Linkback: https://www.forex.zone/technical/11/nasdaq-100-us-tech-index/3128/

Posts: 283 · #2 - June 26, 2020, 02:09:51 PM

UPDATE,

Nasdaq is falling to 10000.0 level so this crucial for this day , break below would suggest 9886 as a target. or it will hold let's see if it is fake.

Posts: 283 · #3 - June 26, 2020, 06:46:24 PM

Quote from: Lolel555 on June 26, 2020, 02:09:51 PM

UPDATE,

Nasdaq is falling to 10000.0 level so this crucial for this day , break below would suggest 9886 as a target. or it will hold let's see if it is fake.

UPDATE 2. the second scenario played out nicely. 9886 reached . 10000 broken . will see what next week show. Nasdaq 100 is sitting on the weekly open now.

Posts: 283 · #4 - June 28, 2020, 07:33:46 PM

i looked on Weekend on Nasdaq and current situation looks like deeper correction could occur min 9500-9545.
there i see some buyers. previous days showed some weakness (finally) . this could be overbalance correction (1 to 1).

Posts: 283 · #5 - June 29, 2020, 06:08:57 PM

Quote from: Lolek555 on June 28, 2020, 07:33:46 PM

i looked on Weekend on Nasdaq and current situation looks like deeper correction could occur min 9500-9545.
there i see some buyers. previous days showed some weakness (finally) . this could be overbalance correction (1 to 1).

ok Nasdaq gapped lower and until US open there was no continuation to the downside, after US session open the price tested overnight low and from this time price is getting higher and higher so it can jump again above 10000.. month end flow is not so easy to read. i mean 9500 -45 correction probably will not occur.

Posts: 283 · #6 - July 25, 2020, 11:18:41 AM

NASDAQ 100

near term support for buyers is located between 9999-10140 this is very important zone because on 10140 is when the quarter and month started and below Nasdaq will be in negative territory.
For sellers it looks like correction to 10575 will be furhter selling opportunity.
Overall 2 last weeks were absorbed by sellers .

Posts: 283 · #7 - July 27, 2020, 01:24:21 AM

NASDAQ 100 update

from my previous analysis the level 10575 is still valid as a key turing point for bulls for further upside move. now we can see on m30 chart that price formed inverted head and shoulders , h4 closed the bullish pinbar and still developing daily candle also try to form bullish pin. as mentioned earlier confirmation of the upside would be above 10575.

Posts: 283 · #8 - July 27, 2020, 01:33:20 PM

Nasdaq 100

after very slow and steady rise the bulls reached 10575 are and rejected this resistance/ turing point level. now the US markets opened let's see how it will develop.

Posts: 283 · #9 - July 28, 2020, 05:05:09 PM

NASDAQ 100

So the level 10575 still relevant until it fails now provide a support tested with h4 bullish pinbar. yesterday bulls broke this mentioned 10575 which was resistance earlier after last week;s drop.

The weekly suggest that the price is in the middle of two weeks opens so bounce above shoud accelerate the buying.
Alternatively sellers could push again the price below 10575 , then selloff should accelerate

Posts: 283 · #10 - July 28, 2020, 08:12:23 PM

NASDAQ 100 update - end of session

So NQ closed the day below 10575 and above weekly open . this does not give any direction now, but we could take a look again at the same old price 10575 and if it won't go again above this level just short it.
There is an option on NQ that the consolidation will last until tomorrow (big tech names will publish quarterly earnings report).

Posts: 283 · #11 - August 01, 2020, 02:04:58 PM

NASDAQ 100

similar to SP500 but not exactly ..

Strong monthly and weekly close , with buyers around 10575 (level mentioned in my previous analysis) nicely defended.
Sellers are stilll sitting around 10955 and 11060 so for now if buyers will hold above 10950-55 the test of 11060 is possible or just new all time high. from h4 perspective Friday was 250 points range day with hard selling at the open to strong buying to the close and the day closed unchanged ..

Posts: 283 · #12 - August 11, 2020, 06:28:53 PM

Nasdaq100

this index is still trading above monthly open which is 10917 but look a little weaker from weekly. 3 down days in a row despite 7 green days on main US index (sp500) . from h4 main demand levels are between 10917-952. if break lower 10575 is target.

Posts: 283 · #13 - August 12, 2020, 04:50:46 PM

Nasdaq 100 (NQ)

from yesterday's demand zone the price bounced above weekly open around 11142 which is very near term support and looking at volume area the major buying zone is located between 11072 - 11100 . From h1, h4 no corrections , daily - 1 day absorbed two previous days but the day is still open.