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Nasdaq 100 approaches our target; what's next?The Nasdaq 100 is up 1.25% at the time of publishing this outlook, and the price is just 84 basis points away from reaching the target we highlighted at the beginning of the month. At that time, we noted that a break above $21,220 could lift the index to $21,884. The new trend-defining level is yesterday's low of $21,354, and if the price dips toward $21,565, traders are likely to continue buying, aiming for $21,884 as they try to capitalize on the famed Christmas rally. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
THINKMARKETS:NAS100Long
by ThinkMarkets
Nasdaq reflects caution on inflation and ratesWall Street turned red at the close. The Nasdaq Composite, the main reference for the technology sector in the United States, fell -0.25% on Tuesday, closing at 19,687.24 points. This decline reflects the impact of a combination of macroeconomic and sectoral factors that are keeping the entire market on its toes. Nasdaq Performance in Context Although the index has had an outstanding performance this year, with a cumulative gain of close to 40%, led by technology giants such as Apple, Microsoft, and Alphabet, it has generated . However, the stock's pullback this week that underscores the sector's sensitivity to monetary policy expectations and global regulatory risks. Among the factors that contributed to the Nasdaq's decline this week were: • Regulatory pressures - China's investigation into Nvidia, one of the world's largest chipmakers, dragged down the Philadelphia semiconductor index (-2.5%) and weighed on tech stocks. • Mixed corporate results: Oracle declined 6.7% after missing revenue estimates despite being consistent, and MongoDB lost 16.9% despite improving its annual forecast. Short-term outlook The tech market faces additional uncertainties with upcoming Consumer Price Index (CPI) data key to the Fed's rate decision. If the November CPI meets estimates of 2.7% y/y, it could facilitate a 25 basis point rate cut in December, strengthening market sentiment. Currently the FedWatch data indicates that there is an increasing likelihood of a cut rather than a hold at current rates. In addition, the Fed's tone is expected to provide signals on the future direction of rates, which will directly impact appetite for high-growth assets such as technology. Technical Aspect Currently, yesterday the index made a crossover of averages generating that the average of 50 crossed over the average of 100 marking the fall of yesterday's prices. At the moment there is still a long distance to go before the averages approach the 200, but this crossover has positioned the price in the check point (POC) zone. So, if the CPI and rates news do not strongly modify this trend, we could be witnessing a possible temporary sideways movement of the index in this last part of the year. Overall, although the Nasdaq continues to show strength for the year, macroeconomic and regulatory challenges are key factors to watch, especially in an environment where monetary policies could moderate the pace of economic recovery. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:USATEC
by ActivTrades
NASDAQ BEARISHThe Nasdaq may face a correction in the coming hours, based on technical signals from the charts. The index is approaching a key resistance zone, coupled with an overbought RSI (Relative Strength Index), indicating potential short-term reversal. Additionally, a bearish divergence between price action and the MACD (Moving Average Convergence Divergence) suggests weakening bullish momentum. Declining volumes on recent highs further point to reduced buying pressure. A test of the immediate support could accelerate the downside if this level is breached. + big liquidity level broken yesterday, looking for a correction
CAPITALCOM:US100Short
by edl75
US100 Will Go Up From Support! Buy! Take a look at our analysis for US100. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 21,420.2. The above observations make me that the market will inevitably achieve 22,305.1 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
CAPITALCOM:US100Long
by SignalProvider
1
USNAS100 / ATH, CONTINUE OR REVERSING Technical Analysis The price reached another ATH 21675, and now consolidating between 21535 and 21680 till breaking, stability below 21530 means it will drop to get 21420 and below that will get 21220 Otherwise, stability is above 21675 which means will push up to get 22000, especially if the 4h candle closes above it. Key Levels: Pivot Point: 21590 Resistance Levels: 21675, 21820, 22020 Support Levels: 21530, 21420, 21215 previous idea:
OANDA:NAS100USDShort
by SroshMayi
USNAS100: Consolidation with Key Breakout levelTechnical Analysis The price is currently consolidating between 21535 and 21420, awaiting a breakout. Bullish Scenario: Stability above 21535, confirmed by a 1-hour or 4-hour candle close, could push the price higher toward the all-time high (ATH) at 21675. Bearish Scenario: As long as the price trades below 21535, it may retest 21420. A break below 21420 will confirm a bearish trend, with the next target at 21220. Key Levels: Pivot Point: 21535 Resistance Levels: 21675, 21820, 22020 Support Levels: 21420, 21220, 21150
OANDA:NAS100USDShort
by SroshMayi
US100 - 1H - Short Setup to $21,000 (Technical Analysis)The CAPITALCOM:US100 bounced from the upper side of it's wedge where it marked it's new ATH. On the way up we opened two gaps (red in the chart) which are still left to get closed. We also see a RSI divergence which implies we've seen the top for now and are heading lower (at least for the time being). Current targets would be the support at $21,184, then the trendline of the current wedge at around $21,000 and a bit lower the bigger support zone at around $20,600. If we break above $21,600 this short setup is denied. Target Zones $21,184 (Gap Close) $21,000 (Trendline) $20,600 (Bigger Support Zone)
NASDAQ:NDXShort
by LGNDRY-Capital
1