Nasdaq 2024 Guide

2024-02-23

Nasdaq 2024 Guide

Been a long time since I posted! Firing it up with my bigger-picture view of the $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ .

Longer timeframe: Multi-year cup and handle - bullish into year-end

Shorter timeframe: Rising wedge - potential window of weakness around the corner (end of Feb?)

What's actionable about this chart?

- If actively trading watch for a short-term sell signal - close below the wedge/below the prior day/week low depending on your time frame

- Sell/trim into strength around 18k (top of the rising wedge)

- If there's a retest of the multi-year breakout that is a great r/r add/buy spot into year-end

- Fib extension from the 2022 low to the 2021 high measures to 20,650

- A break below 16k would put the bullish year-end thesis at risk

- This chart should have ZERO influence on individual stocks that are set up differently - follow your system

https://www.tradingview.com/chart/NAS100/iP0CLuwf-Nasdaq-2024-Guide/

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Firing it up with my bigger-picture view of the <a data-mention-id=\".IXIC\" class=\"teditor-mention\" data-mention-name=\"NASDAQ\" href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> .Longer timeframe: Multi-year cup and handle - bullish into year-endShorter timeframe: Rising wedge - potential window of weakness around the corner (end of Feb?)What's actionable about this chart?- If actively trading watch for a short-term sell signal - close below the wedge/below the prior day/week low depending on your time frame- Sell/trim into strength around 18k (top of the rising wedge)- If there's a retest of the multi-year breakout that is a great r/r add/buy spot into year-end- Fib extension from the 2022 low to the 2021 high measures to 20,650- A break below 16k would put the bullish year-end thesis at risk- This chart should have ZERO influence on individual stocks that are set up differently - follow your system<img src=\"https://community-static.tradeup.com/news/b01478905472211b6d7812b1430c019b\" tg-width=\"1471\" tg-height=\"636\">https://www.tradingview.com/chart/NAS100/iP0CLuwf-Nasdaq-2024-Guide/</body></html>","htmlText":"<html><head></head><body><h2 id=\"id_4051772488\" style=\"text-align: left;\">Nasdaq 2024 Guide</h2>Been a long time since I posted! Firing it up with my bigger-picture view of the <a data-mention-id=\".IXIC\" class=\"teditor-mention\" data-mention-name=\"NASDAQ\" href=\"https://ttm.financial/S/.IXIC\">$NASDAQ(.IXIC)$</a> <a data-mention-id=\"NDX\" class=\"teditor-mention\" data-mention-name=\"NASDAQ 100\" href=\"https://ttm.financial/S/NDX\">$NASDAQ 100(NDX)$</a> .Longer timeframe: Multi-year cup and handle - bullish into year-endShorter timeframe: Rising wedge - potential window of weakness around the corner (end of Feb?)What's actionable about this chart?- If actively trading watch for a short-term sell signal - close below the wedge/below the prior day/week low depending on your time frame- Sell/trim into strength around 18k (top of the rising wedge)- If there's a retest of the multi-year breakout that is a great r/r add/buy spot into year-end- Fib extension from the 2022 low to the 2021 high measures to 20,650- A break below 16k would put the bullish year-end thesis at risk- This chart should have ZERO influence on individual stocks that are set up differently - follow your system<img src=\"https://community-static.tradeup.com/news/b01478905472211b6d7812b1430c019b\" tg-width=\"1471\" tg-height=\"636\">https://www.tradingview.com/chart/NAS100/iP0CLuwf-Nasdaq-2024-Guide/</body></html>","text":"Nasdaq 2024 Guide Been a long time since I posted! Firing it up with my bigger-picture view of the $NASDAQ(.IXIC)$ $NASDAQ 100(NDX)$ . Longer timeframe: Multi-year cup and handle - bullish into year-end Shorter timeframe: Rising wedge - potential window of weakness around the corner (end of Feb?) 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