Prepare before National Foundation Day on Nasdaq 25.01.09
Hello, this is Greedy All-Day.
First, I’d like to apologize for not posting a briefing yesterday, January 8, due to personal reasons. Let’s dive into today’s analysis of the NASDAQ.
Tuesday’s Briefing Results
Buy Entry: No buy entries were triggered, so there’s no commentary for this perspective.
Sell Entry: The trigger was a breakdown below the ascending trendline and the lower boundary of the supply zone at 21640.
Outcome: After the breakdown, the NASDAQ dropped by 350 points.
Profit: Approximately $7,000 per contract.
Daily Chart Analysis
The NASDAQ is currently consolidating between the 20 EMA and the 60 EMA, which suggests indecision:
The price has not closed below the 60 EMA, indicating that support is still holding and cautioning against premature selling.
The price has not entered the Ichimoku Cloud, which means a full bearish transition has not occurred yet.
This range-bound movement suggests that the market is awaiting a major catalyst, such as an economic indicator or political news, to determine the next directional move. A more strategic approach is required in this scenario.
Key Supply Zone Dynamics
The current range is highlighted in the orange box, where price movements have shown inconsistent behavior:
Resistance and support levels within this range do not align consistently.
The best approach in this zone is to wait for a clear breakout in either direction before entering a trade.
This area is prone to stop-hunting, increasing the risk of being prematurely stopped out in both directions.
Today’s Trading Strategy
Buy Scenario:
Entry Trigger: A breakout above the green box at 21812.
Reasoning:
The red box marks the upper boundary of the resistance zone, but breaking above it alone does not provide a strong buy signal.
A move above 21812 would signify a breakout above key resistance levels, including the descending trendline and prior candle resistance, providing sufficient justification for a buy entry.
Sell Scenario:
Entry Trigger: A breakdown below the orange box support.
Reasoning:
Breaking the short-term ascending trendline would open the door for a test of Wednesday’s low.
If the low is breached, the price could decline further to the 21006 level.
The 21006 support zone corresponds to the January 2, 2025 low of 20983, a critical level.
A breakdown here would signify entry into the daily Ichimoku Cloud, opening substantial downside targets.
Conclusion
Today is a market holiday in the U.S. (National Foundation Day), so trading activity will be paused.
In such conditions, I recommend avoiding impulsive or speculative trades and instead observing the market’s behavior to prepare for the next session.
Stay disciplined and trade wisely. 🚀
This briefing will remain valid until Friday due to the market holiday.
The next NASDAQ briefing will be shared over the weekend in preparation for Monday’s trading.
First, I’d like to apologize for not posting a briefing yesterday, January 8, due to personal reasons. Let’s dive into today’s analysis of the NASDAQ.
Tuesday’s Briefing Results
Buy Entry: No buy entries were triggered, so there’s no commentary for this perspective.
Sell Entry: The trigger was a breakdown below the ascending trendline and the lower boundary of the supply zone at 21640.
Outcome: After the breakdown, the NASDAQ dropped by 350 points.
Profit: Approximately $7,000 per contract.
Daily Chart Analysis
The NASDAQ is currently consolidating between the 20 EMA and the 60 EMA, which suggests indecision:
The price has not closed below the 60 EMA, indicating that support is still holding and cautioning against premature selling.
The price has not entered the Ichimoku Cloud, which means a full bearish transition has not occurred yet.
This range-bound movement suggests that the market is awaiting a major catalyst, such as an economic indicator or political news, to determine the next directional move. A more strategic approach is required in this scenario.
Key Supply Zone Dynamics
The current range is highlighted in the orange box, where price movements have shown inconsistent behavior:
Resistance and support levels within this range do not align consistently.
The best approach in this zone is to wait for a clear breakout in either direction before entering a trade.
This area is prone to stop-hunting, increasing the risk of being prematurely stopped out in both directions.
Today’s Trading Strategy
Buy Scenario:
Entry Trigger: A breakout above the green box at 21812.
Reasoning:
The red box marks the upper boundary of the resistance zone, but breaking above it alone does not provide a strong buy signal.
A move above 21812 would signify a breakout above key resistance levels, including the descending trendline and prior candle resistance, providing sufficient justification for a buy entry.
Sell Scenario:
Entry Trigger: A breakdown below the orange box support.
Reasoning:
Breaking the short-term ascending trendline would open the door for a test of Wednesday’s low.
If the low is breached, the price could decline further to the 21006 level.
The 21006 support zone corresponds to the January 2, 2025 low of 20983, a critical level.
A breakdown here would signify entry into the daily Ichimoku Cloud, opening substantial downside targets.
Conclusion
Today is a market holiday in the U.S. (National Foundation Day), so trading activity will be paused.
In such conditions, I recommend avoiding impulsive or speculative trades and instead observing the market’s behavior to prepare for the next session.
Stay disciplined and trade wisely. 🚀
This briefing will remain valid until Friday due to the market holiday.
The next NASDAQ briefing will be shared over the weekend in preparation for Monday’s trading.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.