big correction incomingafter the boom comes at least a mini bust. There is clearly a quantum/AI bubble and its due for a nice correction whether we've reached the top or not.
NDQUSD trade ideas
NAS100USD Will Move Higher! Buy!
Take a look at our analysis for NAS100USD.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 21,124.3.
The above observations make me that the market will inevitably achieve 21,614.0 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Bullish bounce off pullback support?USTEC is falling towards the pivot which acts as a pullback support and could bounce to the 50% Fibonacci resistance.
Pivot: 20,802.45
1st Support: 20,514.07
1st Resistance: 21,294.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
IDPA price action since after the market reached for the PWH @21,546 (light purple line ) ... it created a higher high above last weeks high but it was not strong enough to chase the actual structural high@ 21,876 to confirm a full bullish scenario
NFP is tomorrow and one thing is for sure is that theyve been ranging for thes few days which to me means we're more likely to see whip saw considering the nature of the market and where the most stops reside,
in this case am looking to see Wednesday's high being swept during of after the NFP before confirming a sell scenario for this index ( ill be checking out the S&P500 for which is most pooled towards wednesdays high and utilize SMT )
DAILY LEVEL = daily upclose candle before large bearish candle *this is the same range that swept last week's highs and quickly reversed away from *
** i dont enter the initial reaction i wait to see is the level being respected with proceeding downclose candles below upclosed ones?**
Buy Analysis: NAS100The price broke out of the descending trendline with a successful retest near the 21,100 support zone. This breakout confirms bullish momentum. I'm expecting the price to climb toward the resistance levels at 21,167, 21,218, and possibly higher.
Fundamentals:
The NAS100 is experiencing upward momentum, driven by improving investor sentiment. Optimism stems from recent U.S. economic data suggesting slowing inflation, increasing the likelihood of a more accommodative Federal Reserve policy, which benefits growth-focused indices like NASDAQ.
USTEC - LONG - 09/01/25This idea is a bit different from the usual as it is based off chart patterns. Price action has formed an ascending flag and looks ready to break out. The stop is really minimal as this isn't the usual analysis techniques I'm used to. However, this presents a very high RR. Target is the beginning of the channel.
NASDAQ1001. Identified Support and Resistance Levels:
Resistance Zone: The chart highlights a resistance area between approximately 15,700 and 15,900. This zone has previously acted as a ceiling, preventing upward price movement.
Support Levels: Support is noted around 15,200 and 14,800, serving as floors where buying interest has historically emerged.
2. Trend Analysis:
Current Trend: The NAS100 appears to be in a consolidation phase, oscillating between the identified support and resistance levels.
Potential Breakout: A decisive move above the 15,900 resistance could signal the continuation of the bullish trend, while a drop below 14,800 might indicate a bearish reversal.
3. Technical Indicators:
Relative Strength Index (RSI): The RSI is approaching overbought territory, suggesting that the upward momentum may be weakening.
Moving Averages: The chart shows the 50-day and 200-day moving averages, with the 50-day MA trending above the 200-day MA, indicating a bullish alignment.
4. Chart Patterns:
Ascending Triangle Formation: The price action appears to be forming an ascending triangle, characterized by rising lows converging toward a horizontal resistance line. This pattern typically suggests a potential bullish breakout.
Conclusion: The NAS100 is currently trading within a well-defined range, with key resistance around 15,900 and support near 14,800. The ascending triangle pattern, combined with the bullish moving average alignment, indicates a potential upward breakout. However, the approaching overbought RSI warns of possible short-term consolidation or a minor pullback before any significant move.
Recommendations:
For Long Positions: Consider entering after a confirmed breakout above 15,900, with increased volume as confirmation.
For Short Positions: A break below the 14,800 support could provide an opportunity, especially if accompanied by a bearish crossover of moving averages.
Risk Management: Implement stop-loss orders just below support levels for long positions and above resistance for short positions to mitigate potential losses.
Nasdaq analysis: 09-Jan-2025Good morning, everyone! Today's Nasdaq analysis is designed to educate and empower. Use these insights to refine your price action trading strategy.
Buy or Sell? Read the caption. I told you...Hello guys
We came with NAS100 analysis.
Due to the heavy selling that has happened now, we need to maintain the defined twin bottom range to maintain the upward trend.
Otherwise, the drop will continue up to the specified limits.
Now, if the price is supported, you can see its growth up to the specified areas.
*Trade safely with us*
Bullish bounce?USTEC is falling towards the pivot and could bounce to the 1st resistance level.
Pivot: 20,802.45
1st Support: 20,514.07
1st Resistance: 21,294.61
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
US100 2025 ABC CorrectionWe've reached the bull flag target and exceeded the target.
ABC correction to take place, I would be looking for a 20-30% retracement following the fib levels from the October 2022 lows.
I would first expect a trendline touch followed by a small rally and then a trendline breakdown to reach the C wave target ~17k.
NASDAQ Analysis: Bearish Momentum Targets Key Support LevelsUSNAS100 Technical Analysis
The price has dropped by approximately 500 pips and continues to move toward 20,990 while remaining below 21,215.
As long as the price trades below 21,215 and 21,160, it is expected to target 20,990 and 20,860. A retest of 21,215 is possible before resuming the bearish trend.
A bullish reversal will be confirmed only if a 4-hour candle closes above 21,220.
Key Levels:
Pivot Point: 21145
Resistance Levels: 21280, 21390, 21535
Support Levels: 20990, 20860, 20670
Trend Outlook:
Bearish while below 21215
Technical Analysis of Nasdaq 100: Key Support Holds as Bulls The Nasdaq 100 (NAS100) is currently trading at 21,100, with a target price of 23,000, suggesting a bullish outlook and a potential rise of 1,900 points. The price is holding above a key trendline, which acts as a strong support level. This trendline's role is significant, as the recent bounce from this support confirms its reliability. The pattern indicates that the index may continue its upward trajectory if no major resistance levels hinder its movement. Such a setup suggests the market sentiment remains positive. A break above intermediate resistance levels could accelerate the rally. However, traders must remain cautious of external factors like earnings reports or Federal Reserve policy updates that might affect momentum. Proper risk management is essential to navigate potential volatility.
US100 shortUS100 has broken the market structure that was established since the August lows. We have retested it at 21700 yesterday and we have now prepared the down move, this down move coudl be setting up the Weekly HL which aligns with both the 24EMA on the weekly and the 0.618 retracement level.
The market participants seem to be very complacent and this was myself included, until yesterday where we had the retest and not the break of the trend line, and the cross below the 24EMA on the 4H we are setting up very strongly to Fall now with the target being 19500 ish.
I am reactive and not predictive so when and if we reach there I will send out what to do next
US100 Will Go Up! Long!
Here is our detailed technical review for US100.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 21,249.90.
Considering the today's price action, probabilities will be high to see a movement to 22,102.42.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
Push to the upside followed by downward pressure!US100 is currently pulling back to the upside after experiencing a strong sell-off yesterday. As of now, the indice is pulling back up and may try to touch 21350-21500, depending on where the current pullback subsides.
If the bullish pullback is successful, bearish pressure may continue targeting the respective low and complete the current correction phase.
However, stability above 21500-21700, may see a bull run.
Nas100 updateTechnical Analysis:
Trend:
• The market is still in an overall uptrend, given the ascending channel structure.
• However, the recent break below the midline and rejection at the upper boundary suggest possible short-term bearish momentum.
Key Levels:
1. Support:
• 21,200–21,220: Current price level and a critical area to hold. A break below could lead to further downside.
• 20,766 (blue horizontal line): Major support and a previous demand zone. A test of this level is possible if the bearish pressure continues.
2. Resistance:
• 21,500: The midline of the channel and the 50-period MA align here, making this a key resistance zone to watch.
• 21,800–22,212: The upper channel boundary and previous swing highs. Price needs to break above this to regain strong bullish momentum.
Moving Averages:
• Shorter MAs (blue lines) are crossing below longer MAs (red lines), suggesting bearish momentum in the short term.
• The 200-period MA (thicker red line) is still acting as dynamic support, aligning with the channel’s lower boundary, adding confluence to the 20,766 level.
Possible Scenarios:
1. Bullish Case:
• If the price bounces from 21,200–21,220 and breaks back above the 21,500 resistance zone, it could retest 21,800 and potentially the channel’s upper boundary near 22,200.
• Entry: After a bullish breakout and retest above 21,500.
• Target: 21,800 and 22,200.
• Stop Loss: Below 21,200.
2. Bearish Case:
• If the price fails to hold 21,200, a move down to the 20,766 support zone is likely.
• A break below 20,766 could invalidate the ascending channel, leading to further downside toward 20,400 or lower.
• Entry: On a clean break and retest below 21,200.
• Target: 20,766 and 20,400.
• Stop Loss: Above 21,500.
Indicators to Watch:
• Volume: Look for increasing volume during key breakouts or breakdowns.
• RSI/MACD: Watch for divergence signals to confirm potential reversals near critical levels.
Conclusion:
The market is at a critical juncture. The reaction at 21,200 will determine whether bulls regain control or bears push the price lower toward the 20,766 support zone. Stay cautious and wait for confirmation before entering a trade.
Nasdaq 100 Spot (4H Chart) AnalysisThe Nasdaq 100 is currently exhibiting a potential bullish reversal on the 4-hour chart. A key buying opportunity is identified around the 21,171 level, with a stop-loss set at 20,727 to manage risk. The initial target (First Tp) is positioned at approximately 21,600, with an ultimate target near 22,101.
This setup aligns with recent technical indicators suggesting upward momentum after a period of consolidation. Traders should track market sentiment and any macroeconomic developments that could influence this trajectory for optimal entry and exit points.
NOTE This analysis is for informational purposes only and does not constitute financial advice,
Don't Forgot Like Button Share With Your Friends Trade Safe Thanks.
NASDAQ Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring NAS100 for a buying opportunity around 20,900 zone, NASDAQ was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 20,900 support and resistance area.
Trade safe, Joe.
BUY NAS100 (NASDAQ) - PRICE ACTION tells you everything!!Trader Tom, a technical analyst with over 16 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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QQQ vs S&P500Today we are looking at a ratio chart from TradFi. We are plotting the ratio of Nasdaq100 vs S&P 500. Even if both charts observed separately tell us the same story. That we are in a bullish uptrend on the daily chart for the past 1 year. But the ratio chart clearly shows Nasdaq100 peaked out relative to S&P 500 on Aug 2024 just prior to the unravelling of Yen carry trade. Since then, the ratio has not broken to the upside and registered an ATH even if the tech stocks have been doing exceptionally well recently. The ratio of QQQ vs SPX is within a local uptrend but still within the upward sloping Fib Retracement level between 0 and 0.618. The tech heavy QQQ can and will claim leadership once we break out of the range in the upward sloping Fib retracement level and break above the 0.618 levels.
NAS100 | Currently leans bullishThe price is showing signs of consolidation after a significant recovery, with bullish momentum evident. The recent movements indicate that NAS100 is attempting to retest key resistance levels while holding above critical support zones.
Key Observations:
1. Trend Structure:
• The price is currently trading within an ascending channel or trend, with higher highs and higher lows.
• The bullish momentum is supported by the 50-period (blue) and 200-period (red) moving averages, which are trending upwards and acting as dynamic support.
2. Support and Resistance Levels:
• Resistance:
• 21,750–21,800: The upper boundary of the channel and a strong resistance zone to watch. This level aligns with recent swing highs.
• Support:
• 21,500: A key support level and a recent consolidation area. Holding above this strengthens the bullish case.
• 20,766: A major structural support zone that aligns with a previous low. A break below would signal a potential trend reversal.
3. MACD (Momentum Indicator):
• The MACD is relatively flat, suggesting the market is in consolidation with reduced momentum. A bullish crossover would confirm a continuation higher, while a bearish crossover could signal retracement.
4. Moving Averages:
• The 50-period MA (blue) is close to the current price and acting as a short-term support level.
• The 200-period MA (red) is further below and aligns with the 21,200–21,300 support zone, providing stronger dynamic support for the medium-term trend.
Possible Scenarios:
Bullish Scenario:
• If the price holds above 21,500, the next target is a retest of the 21,750–21,800 resistance zone.
• A breakout above 21,800 could drive the price toward 22,200, the next psychological and structural resistance.
Bearish Scenario:
• If the price fails to hold 21,500, it could drop toward the 21,200–21,300 support zone.
• A break below 21,200 might trigger a deeper correction toward 20,766, aligning with the previous low.
Trading Plan:
1. For Long Trades:
• Entry: Above 21,600, ideally after a retest or breakout with momentum.
• Target: 21,750–21,800 and potentially 22,200.
• Stop Loss: Below 21,500.
2. For Short Trades:
• Entry: Below 21,500 with a clear break and retest.
• Target: 21,300, then 20,766.
• Stop Loss: Above 21,600.
Conclusion:
The market currently leans bullish, but the resistance zone around 21,750–21,800 is critical. A breakout above this level confirms continuation higher, while failure to break could lead to a pullback. Use caution with entries until momentum or volume confirms a direction.
NASDAQ SHORT TERM SELLNasdaq about to short in reaction to the multiple orders being currently placed.
Looking to take out the last low in the next couple of Hours.
