Stock Markets Analysis Predictions & Forecast

Tesla shares advanced on Wednesday as traders position ahead of next week’s earnings, with strong support near $400 and potential for a breakout above $480.

The NASDAQ 100 bounced back on Tuesday after early selling, holding key support above the 50-day EMA and staying within its upward channel near the 25,000 level.

Amazon is poised to open near the key $215 support zone, offering a possible bounce opportunity as broader market sentiment and US-China trade tensions weigh.

Over the weekend, we have seen tensions between the United States and China ease a bit, and that has helped many stocks around New York recover, including Tesla. Tesla got eviscerated on Friday, dropping from $440 down to $414 rather quickly. This of course has a lot to do with the exposure of Tesla in China, and the idea that perhaps some of those rare earth minerals that were being debated could come to haunt Tesla as it needs many of them for the chips that the cars use.

Tesla eased lower on Thursday in a quiet, sideways session, with markets consolidating ahead of its upcoming October 22 earnings call and key resistance levels in play.

The NASDAQ 100 pulled back to test the 25,000 level, a key psychological support, with traders eyeing potential dip-buying opportunities amid continued bullish sentiment.

The German DAX rally during the trading session on Wednesday, breaking above the €24,500 level. By doing so, the market is likely to continue to see a lot of momentum in this market, and the fact that the candlestick is bigger than the previous ones, and the fact that we had a gap previously, it suggests that we are in fact starting to see some momentum enter this market. With this being the case, any short-term pullback probably attract a certain amount of attention as the uptrend is starting to continue, and it looks like we are trying to break out of a bigger consolidation area.

Meta gapped lower to kick off the trading session on Monday, as we threatened to test the $685 level. The $685 level is, of course, an area that’s been important multiple times, and now it’s starting to attract the 200 Day EMA indicator. The 200 Day EMA typically will determine the longer-term trend. I think you have a situation where traders are likely to turn around and are going to continue to see plenty of value in this region, as we try to continue the overall uptrend.

The Nikkei 225 produced a strong gap higher earlier today when the Japanese stock market began its trading, this after a weekend announcement in Japan by the Liberal Democratic Party that Sanae Takaichi has been nominated to lead the government.

Apple retraced after gapping higher, testing $260 as key resistance. Support holds near $250–255, with potential bullish breakout aiming at $275.

Amazon has gapped lower to kick off the trading session here on Wednesday to reach toward the $215 support level, only to turn around and rally significantly. The market looks as if the $223 level could be a bit of a barrier to overcome, but I think at this point in time, when you look at Amazon, it's very difficult not to see some type of admittedly messy, but some type of consolidation range, perhaps between $215 and $237. As we have bounced from this area, I think it's a very good sign that we may continue doing so. Keep in mind that volume in Amazon is maybe a little higher than it's been. So hopefully this is a little bit of accumulation for those of you who are bullish. And we have the 200 day EMA sitting just below that $215 level that of course will come into factor as well, as it is a long-term trend indicator that a lot of other traders will be paying attention to.

The German index has rallied a bit during the trading session on Tuesday as the markets continue to hover around the 50 day EMA. The 24,000 euro level just above is a bit of a large round psychologically significant figure and a barrier. So, with that being the case, I think if we can get above 24,000 euros, that lets the market go much higher, perhaps to the 24,500 euro uh level. That is the top of the overall range. And therefore, I think you need to pay close attention to whether or not we explode to the upside because if we do, that's where we're going. The market also is worth looking at through the prism of dips being opportunities to buy cheap contracts. When you look at the longer term move, the DAX has been rallying for quite some time.

The S&P 500 has been very quiet in premarket trading as we are in a region that I think is going to end up being sideways action in general. This does make a certain amount of sense, considering that the market has been in a very strong uptrend for quite some time, and of course we have major news coming out on Friday in the form of the Non-Foreign Payroll announcement in the United States.

The Nasdaq 100 trades near record levels but faces heightened risk and volatility as U.S. government shutdown fears unsettle markets, with support at 24,600 and resistance at 24,655.

The S&P 500 trades near record highs but faces short-term volatility as U.S. government shutdown fears unsettle markets, with support at 6,651 and resistance at 6,668.