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Nasdaq 100: Event Risk Needs to be Accounted ForLast week was a tough one for stocks in the Nasdaq 100, as a bout of risk aversion saw the index unwind over 50% of its gains generated after Donald Trump’s win in the Presidential election on November 5th. So far this week, the index has stabilised, and yesterday’s 0.6% rally ended a five-day run of losses. However, technology stocks are still in focus, given Nvidia, the world’s second largest company, with a market capitalisation of over $3.4 trillion reports its earnings tomorrow after the close. Nvidia’s chips are seen by many as the bellwether for artificial intelligence demand, so this earnings release and any forward guidance for performance in 2025 may influence the direction of the Nasdaq 100 given the company’s heavy index weighting. Combine this with an increased level of focus on the war in Ukraine, after the US decided over the weekend to allow Ukrainian forces to use their long range missiles, and a number of Federal Reserve speakers scheduled to talk, it may be a volatile end to the week again for the Nasdaq 100 depending on market conditions. Increased risks in trading the Nasdaq 100 during such high-impact events such as the Nvidia earnings release should not be forgotten. NASDAQ 100 – Testing Trendline Support The strong US equity performance following the Trump victory stalled on November 11th at 21247 and a correction period has materialised from these upside extremes. The setback within the NASDAQ 100 accelerated into the weekend, seeing the index approach a potentially important support level at 20372. This trendline support from the August 5th low, indicates where positive price action has been reflected by a pattern of higher highs and higher lows in price, with an uptrend connecting these lows marking a support focus. We don’t yet know if the support will hold or give way, but it could potentially lead to resumption of upside on a successful hold, or an extended fall, depending on market conditions at the time. What are the Important Levels to monitor on the Downside? As we have said, the uptrend support currently stands at 20372 and defence of this level will be monitored over this important event. Closing breaks may see increased volatility and could potentially lead to further declines, depending on market conditions. The next support if the break does materialise could be 19888 which is the October 31st low, or if a deeper decline develops, perhaps to 19719, which is the 38% Fibonacci retracement of the previous August/November phase of strength. What are the Important Levels to monitor on the Upside? A hold on the trendline at 20372 may see the index resume to the upside, although an important resistance level could prove to be 20827, equal to half the latest sell-off. This resistance area giving way may increase the potential for further development of the uptrend, suggesting the possibility for moves towards 21247, the November 11th all-time high. It should be stressed, that breaks of support or resistance levels are based on hypothetical scenarios and while previous breaks of similar levels may have resulted in further price moves, past performance is not indicative of future results. 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
NAS100USD Will Fall! Short! Take a look at our analysis for NAS100USD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 20,544.9. Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 20,006.6 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:NAS100USDShort
by SignalProvider
2
USNAS100 / STILL BEARISH AREA !!!Technically: The price did its retest to 20655 and dropped again. So, Now it has a bearish area as long as trades below 20550 to get 20330 the retest possibility is till 20660; then stability below that level will remain a bearish trend. Otherwise, stability above 20660 by closing 1h or 4h candle will attend a bullish trend toward 20860 Key Levels: Pivot Point: 20550 Resistance Levels: 20660, 20860, 21070 Support Levels: 20330, 20130, 19950 Trend Outlook: Bearish below 20550 and 20660 Bullish above 20660
OANDA:NAS100USDShort
by SroshMayi
NASDAQ targeting 25400 in the next 6 months. Don't miss this!!Nasdaq (NDX) hit this month our 20900 long-term Target, a level we called 3 months ago (August 12, see chart below): As you can see, the index has been trading within a 2-year Channel Up and with the use of the Fibonacci Channel levels, we can determine on which phase of the Cycle we are. Right now we are on the stage where the price has been rejected near the 0.786 Fib and pulled-back to the 0.5 Fib and the 1D MA50 (blue trend-line). This is exactly what took place from December 28 2023 to January 05 2024, i.e. during the previous Bullish Phase of the Channel. You can see that with the use of the Time Cycles, we can identify that the first such phase was on February 01 2023. This is the phase that we've just completed and remarkably all 3 within the Channel Up completed a +20.88% rise. This further proves that the symmetry within this pattern is astounding. The larger Bullish Leg was completed on the previous two phases with a +49% and +48% rise respectively, so technically it is natural to assume that the current Bullish Phase (from the August 05 2024 bottom) will be completed on a +47% rise (-1% less than previously) at least. This is why we're expecting to see 25400 as the next Higher High on a 6 month horizon. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:US100Long
by TradingShot
Kenyan Trader seeking support to join the leap competition .Hello Trading View Community! I’m a Kenyan trader, deeply passionate about the financial markets and committed to pursuing trading full-time. I’m thrilled about the opportunity to participate in The Leap Competition, which is an incredible platform to test and refine my trading skills through paper trading. However, to compete, I need an active Trading View subscription. Trading View's new gifting feature allows members to sponsor others with Essential, Plus, or Premium plans. I’m reaching out to ask for your support in helping me secure a subscription. Here’s why I believe your support would make a difference: I’m dedicated to using this competition as a stepping stone to improve my strategies and gain deeper market insights. My goal is to not only grow personally but also share my journey and learnings with this amazing community to inspire others. Your generosity would be a significant boost to my trading career and a chance for me to excel in the competition. Thank you for considering my request, and I’m excited to pay it forward in the future! 🙏 Feel free to DM me for more details.
PEPPERSTONE:NAS100
by murimilm2022
Nasdaq Intraday Review - Monday 18 Nov 2024I trade Nasdaq exclusively Trading in GMT time zone Sharing my post day review and analysis in case it can help you! Did my analysis at +- 5:30 am GMT (00:30 am EST) Economic news - None News - None Directional bias - BUY. On the W TF, it can be seen that price finally broke through a resistance level that held strong for 6 weeks (marked by numbers). After price broke through, it is now retesting this level to see if resistance is now turned to support. This zone also represents the W and D 0.618 fib level (drawn from swing low at C. to swing high at D.) Because the Day and the Week fib levels are the same, we have a kind of TF confluence, which makes this level very strong. As the overall trend of Nasdaq is bullish, I choose to see last week as a massive retracement but not an overall trend change for Nas. Morning analysis: At this level (the W level highlighted in yellow), price is seen to start reacting to this level. There are DB forming on the 15min TF and the 30min TF. This gives me confidence that buyers are stepping in at this zone. Also, on the 4H TF we have not seen price retesting any of the higher level TF's, so a bullish move is expected to at least retest this bearish move. As the day progressed: Entered a buy at the hand icon (A.) - Confirmations: 1. Market pattern - DB formed on the 15min TF after touching the W+D 0.618 fib level. 2. S&R - DB formed right at the strong Weekly S&R level marked in yellow on the W view 3. Trend - price has finally started making higher highs and higher lows (indicating that price is ready to start moving up) and a buy is in the overall direction of Nasdaq - the trend is your friend 4. Fib - W+D 0.618 fib level touched + DB formed at 1H 0.618 fib level Mental SL placed below green highlight. Price moved up 1'200 pips and I secured my position at entry. I wanted to hold for a larger move because ultimately a DB formed on the 1H TF and the neckline was broken with a huge momentum candle. But price came back down and took me out. I re-entered at the hand icon B. for a more swing trade kind of entry, because we have a DB on the 1H and the 4H TF. Mental stop placed at the thick pink line, which is about half the height of the DB. But it's a risky entry because the stop is soooo far below where price currently is. So a SL hit woud mean a big loss. Hope you had a good trading day! :) Abbreviations: TF = timeframe TP = take profit 1H = 1 hour 4H = 4 hour D = day W = week M = month S&R = support & resistance H&S = head & shoulders EMA = exponential moving average SL = stop loss
PEPPERSTONE:NAS100
by Jinxx84
Title: NAS100 Analysis Update: Higher Low Formed, Attempting BreHere’s the updated analysis for NAS100 based on the new price action and context provided: Updated Analysis and Trade Idea: The NAS100 has deviated from the previous bearish expectations by forming a higher low at the 20,400 level, signaling renewed bullish strength. On the 4H timeframe, the price is now testing structure highs near 20,610, suggesting a potential shift in momentum toward the upside. Here’s the updated outlook: Key Observations: 1. Higher Low at 20,400: • The price failed to break below the initial support at 20,400, confirming it as a strong demand zone. This indicates that buyers have stepped in aggressively, supporting a potential trend reversal. 2. Break of Structure Attempt: • With the Ask price at 20,611.0 and Bid price at 20,610.2, the market is making a strong attempt to break through the structure highs near 20,650-20,700. A sustained breakout above this level could invalidate the previous bearish bias and open the door for higher targets. 3. Shift in Momentum: • The formation of a higher low alongside increasing buying pressure suggests a possible continuation of the bullish trend. However, confirmation is still required via a clean break and close above the resistance zone. Updated Key Levels: • Immediate Resistance: 20,650-20,700 zone. A breakout here could lead to further upside momentum. • Support Zone: 20,400 remains a critical level for bullish continuation. • Upside Targets: • Target 1: 20,850 • Target 2: 21,000 (aligned with the previous major resistance zone). Trade Plan Update: • Scenario 1: Bullish Breakout • Entry: Look for a breakout and 4H close above 20,650. Enter long positions on a retest of the breakout level. • Stop Loss: Below 20,400 to account for invalidation of the higher low structure. • Take Profit: • TP1: 20,850 • TP2: 21,000 • Scenario 2: Range Continuation • If the price fails to break above 20,650 and consolidates, wait for confirmation of direction. Re-entry short positions are valid if the price breaks below 20,400, targeting 20,000 as the next major demand zone. Conclusion: The NAS100’s higher low at 20,400 signals a potential shift in momentum as the price challenges key resistance at 20,650-20,700. Traders should watch for a confirmed breakout to capitalize on further upside, while also preparing for a rejection and reversion to range-bound conditions if the breakout fails. This is a critical juncture, and risk management remains key to navigating either scenario. This update reflects the change in market structure while providing actionable scenarios for y’all! ~Peace
PEPPERSTONE:NAS100Long
by tyquanfoster185
1