The Nasdaq100 (NQ) is attempting to bounce off downchannel support (on the daily and weekly chart) after forming a fresh 2022 low in today’s Asia morning. Any clawing back above the psychologically key 13k whole figure level this week will likely halt the slide since early April for at least the next few weeks after…
The Nasdaq100 (NQ) is trying to reclaim the psychologically key 14k whole figure level, with decent odds of pausing the slide of the last 2 weeks these next few days. Nevertheless, NQ remains vulnerable going into May for a retest of the March low…
The Nasdaq100 (NQ) is hesitating in today’s Asia morning after yesterday’s reclaiming of the psychologically key 15k whole figure level. Significantly, with NQ once again approaching the 61.8% Fib retrace of the January to March slide, NQ will likely see further hesitation in the next day or so…
The Nasdaq100 (NQ) slid almost 4% yesterday to start the week, and is now just a day or so’s volatility from the 2022 low. Significantly, although NQ is firmly in a Bear Market, with the Dead Cat Bounce (Bear Flag consolidation) of last week vulnerable to extending lower by next week, NQ may first stage another short covering rally before finally breaking to a fresh 2022 low…
The Nasdaq100 (NQ) is trying to firm as seen by the daily Doji forming, with a moderate probability for a bounce in the next day or so off downchannel support (on the 4hr chart) to the psychologically key 14k whole figure level. Significantly, regardless of any near term Dead Cat Bounce, today’s break of descending triangle support (on the daily chart) and the January low, suggests a looming Bear Flag extension…
The Nasdaq100 (NQ) is consolidating for a 6th straight day near downchannel resistance (on the daily chart). Significantly, NQ is nearing completion of a triangle (on the 4hr chart), with the current red weekly candle trying to form following last week’s weekly Gravestone suggesting a moderately high likelihood for a Bear Flag extension this week…
The Nasdaq100 (NQ) rebounded a massive 3% plus yesterday, and is just shy of the psychologically key 15k whole figure level. Significantly, although NQ may break above downchannel resistance (on the daily chart) with today’s 10am EST US ISM Manufacturing data, Wednesday’s US ADP Non-Farm Employment Change, Thursday’s US ISM Services PMI or Friday’s highly anticipated US Non-Farm Payrolls (NFP), any further upside before the weekend will likely stall at the 50% Fib retrace of the November to January slide…
The Nasdaq100 (NQ) is consolidating in today’s Asia morning, nearly complete on a triangle (on the 4hr and daily chart). Significantly, although NQ bounced off uptrend support (on the weekly chart), the lower January high so far versus the December high, suggests that the triangles on the 4hr and daily chart are a Bear Flag consolidation…
The Nasdaq100 (NQ) is consolidating yesterday’s reversal off downchannel support (on the 4hr and daily chart), but remains vulnerable in today’s European morning. Significantly, although NQ is arguably breaking above downchannel resistance (on the daily chart), the brief puncture by the weekly Hammer below upchannel support (on the weekly chart) suggests bears have the upper hand this week…
The Nasdaq100 (NQ) is edging higher going into today’s European morning, just shy of its record high. Significantly, NQ appears well positioned to further extend its upchannel (on the weekly chart) and is now moderately likely to test upchannel resistance this week…
