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NASDAQ 100 Index (NDX)

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Nasdaq 100 – Could this week’s events support a rally?Technology stocks have started the year on a solid footing supported by Microsoft’s announcement to invest $80 billion this year on data centre infrastructure and hopes that the potential trade tariffs that will be initially implemented by Donald Trump’s administration may not be as sweeping as first thought. Next however, Nasdaq 100 traders must negotiate a week packed full of tier 1 US economic data releases, which brings the strength of the economy and labour market back into focus. These updates start later today with the ISM Services PMI survey and JOLTs job openings releases scheduled for 1500 GMT. Traders will be looking for reassurance that service activity remains firmly in expansion territory, above 50, and so is well positioned to be the driver of US economic growth at the start of 2025. While for the JOLTs release, alongside ADP private sector payrolls tomorrow at 1315 GMT, weekly jobless claims on Thursday at 1330 and Non-farm payrolls at 1330 GMT on Friday, expectations are for these to all show a US labour market that is gently slowing down rather than dropping dramatically, which while unlikely, may be a nasty surprise. Against such a potentially challenging macro backdrop it can be helpful to consider the technical indicators and trends for the Nasdaq 100. Technical Trends: The first full trading week of 2025 has seen the Nasdaq 100 index start on a positive note, as a rally has developed, so far at least. This comes after January 2nd activity tested 20711, the December 20th extreme, with the subsequent rally confirming this as a possible support focus. While this is intact, a more extended phase of price strength could be seen. These themes appear to be supported by Monday’s break and close back above the Bollinger mid-average, currently at 21460, which may be turning higher once more, to suggest an uptrend is again materialising. While this is not a guarantee of future price strength, focus could now shift to 21832, the December 26th session high, possibly then, although much will depend on future price trends, towards 22142, the December 16th all-time high. What are the Possible Supports? As we’ve said, latest activity has confirmed the 20711 December 20th low as a likely support and defense should be watched. However, this point giving way may see a more extended phase of price weakness emerge. Closes below 20711 could suggest risks may well be turning towards a deeper retracement of August to December strength. The 38% level stands at 20270, which links with 20309 November 19th session low, and this might be a lower support level. However, if it were to give way on a closing basis, tests of 19904, the November 4th low, could be on the cards. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
PEPPERSTONE:NAS100
by Pepperstone
USNAS100 / CONTINUE OR REVERSE...! Here is the key levelsUSNAS100 Technical Analysis The price has reached the resistance zone and now needs to break above 21,645 with at least a 1-hour candle close to continue the bullish movement toward 21,750 and 21,890. Otherwise, it is possible for the price to reach 21,535, which must then be broken with a 1-hour candle close to confirm a bearish trend toward 21,390. Key Levels: Pivot Point: 21645 Resistance Levels: 21750, 21900, 22100 Support Levels: 21535, 21390, 21215 Trend Outlook: Consolidation between 21,535 - 21,635 Bullish above 21,650 Bearish below 21,535
OANDA:NAS100USD
by SroshMayi
4-hr US100: 500 Points to the Upside The US100 index recently underwent a significant correction, dropping 1,300 points to establish support at the 20,800 level. This decline created a notable Double Bottom chart pattern, a classic bullish reversal signal that often attracts buying interest. True to form, buyers entered the market, driving prices higher as confidence in the reversal grew. A critical milestone in the recovery was the decisive breakout above the 61.8% Fibonacci retracement level, a key technical indicator often viewed as a confirmation of continued upward momentum. This breakout not only reinforced bullish sentiment but also suggested the possibility of sustained growth. As the index builds on this strength, the next significant resistance zone lies above the 22,000 mark, making it a logical target for market participants. The combination of strong support, a bullish pattern, and a Fib level breach provides a solid foundation for further gains, signaling that the recent correction could lead to an extended upward trend in the US100.
SKILLING:US100Long
by Trendsharks
NASDAQ: Key Support at 21,500 Poised to Propel a Rally Toward 22Looking at the chart, the 21,500 level is a strong support zone as it aligns with previous bullish positions and significant volume activity. This support could act as a solid base for a potential upward move toward the 22,000 resistance level. Key Observations: 21,500 Support Zone: Historical bullish activity suggests buyers are actively defending this area. The price has bounced from this level, reinforcing its strength. Volume Profile: Heavy volume concentration near the support indicates strong interest in this region. Limited resistance zones between 21,500 and 22,000 support the case for a move upward. Target Resistance: 22,000 is a psychological and technical resistance level. Reaching this level would require sustaining bullish momentum above 21,500. If the price remains above 21,500, it could fuel a bullish rally toward 22,000, assuming no external bearish factors interfere. Monitoring price action near these levels is crucial for trade planning.
CAPITALCOM:US100
by peteramner
My analysis for upcoming trading days... Let me know yours :)My analysis is based on the latest pull back that i think will not continue. I feel like that this pullback is caused be overheated technological sector because of nvdia hype and overall market hype. Fundamentals are on my side of view. interest rates are lower, cpi did not change and uneplyoment rose. I wil be looking to take trades from that 4 hour fvg or on the way to that fvg based on oportunities markets will gve me. Lastly i want to apologize for my inactivity. I've been dealing with a lot of family issues and I'm also in my senior year of high school, so it's been a lot. I'm here now and I'll post as much as I can.
CAPITALCOM:US100Long
by Filip_Kozak
US100 LONG Template Analysis (Wishy-Washy Style) Hey everyone! We’ve got some exciting market movements coming up. Here’s my overview: 1. Trend Momentum Right now, we’re seeing a lot of momentum building up on the charts. The market seems to be trending in a bullish direction, but we’ll have to watch carefully for any shifts that could turn things around. 2. Key Support and Resistance Levels • Support: The market has been bouncing off a crucial support zone. This level has previously acted as a springboard, so it’s likely to do so again unless we see a big move down. • Resistance: There’s a well-defined resistance level that the price keeps testing. If we break above it with good volume, that’ll be super bullish, but if not, it might just hang out in this range for a while. 3. Moving Averages The price is hovering around important moving averages. Generally, if we’re above them, things are bullish. If we’re below, then that’s a bearish sign. Right now, it’s right around these averages, so we need to wait for confirmation either way. 4. Volume Insights Volume has picked up slightly, indicating that traders are stepping in. If volume surges at the same time the price breaks resistance, that’s a strong sign for a continued move upward. 5. Momentum Indicators Popular indicators (like RSI and MACD) are showing signs of upward momentum. This might mean we’re still in a good spot to take advantage of price movements. But if they start to flatten out or turn down, be cautious of a potential reversal. 6. Overall Market Sentiment Sentiment looks generally positive based on what we’re seeing online. If hype continues, expect prices to test higher levels soon. If something negative pops up (like surprising news or big sell orders), we could see a pullback. Final Thoughts We’re currently in a modestly bullish environment. The trend suggests buyers are in control, but it’s important to watch those key resistance zones. As soon as we break them with strong volume, expect a solid push to higher targets. If the market stalls, keep an eye on support zones for potential bounce entries. Be Ready for entry Signal by dropping that follow button! More to come in 2025 Disclaimer: This is for informational purposes only and not financial advice. Always do your own due diligence before making any trading decisions.
CAPITALCOM:US100Long
by EliteMarketAnalysis