Get started
NNN

US Tech 100, Daily

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

NDX trade ideas

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
Nasdaq: Gains Driven by Data, Eyes on Key Events Next Week Nasdaq: Gains Driven by Data, Eyes on Key Events Next Week The Nasdaq ended the week on a positive note, buoyed by strong economic data, robust corporate earnings, and supportive seasonality. However, investors are shifting their focus to critical upcoming events: the FOMC meeting on Tuesday and the PCE inflation report on Wednesday. These events have the potential to set the tone for the markets for the remainder of the year. Mixed Economic Data The past week brought a blend of economic data, with some encouraging signals and a few disappointments: - Initial Jobless Claims (Nov. 16): At 213K, the result came in better than the 220K consensus, underscoring the resilience of the labor market and reducing recession fears. - Philadelphia Fed Manufacturing Index (Nov.): Disappointed at -5.5 against expectations of 8, reflecting continued weakness in the manufacturing sector. - Michigan Consumer Sentiment Final (Nov.): Came in at 71.8, below the 73.7 forecast, indicating a slight dip in consumer confidence. - S&P Global Services PMI Flash (Nov.): Surprised to the upside with a reading of 57.0, exceeding the expected 55.2, highlighting the strength of the services sector. Nvidia Shines Bright Corporate earnings added to the bullish sentiment, led by Nvidia's impressive Q3 results. The company reported revenue of 35.08 billion dollars, significantly above the consensus estimate of 33.17 billion dollars. As a leader in AI-related technology and semiconductors, Nvidia's results lifted the broader tech sector and contributed to Nasdaq's gains. Market Sentiment and Seasonality The Fear & Greed Index currently stands at 61, in the "Greed" zone, indicating a risk-on environment as investors show confidence in equities. Seasonality also plays a crucial role. Historically, Nasdaq benefits from end-of-year trends, especially in an election year, when policymakers often aim to maintain market stability. Challenges Ahead While the current momentum is positive, the market faces significant tests next week with two major events: 1. FOMC Meeting (Tuesday): The Federal Reserve’s policy decisions and commentary will be in the spotlight. Investors will look for signals on whether the Fed plans to pause or keep the door open for further rate hikes in 2024. 2. PCE Inflation Report (Wednesday): The core PCE inflation data, the Fed's preferred measure of price pressures, could shape expectations for monetary policy. A higher-than-expected reading might increase concerns about further tightening, while a lower figure would reinforce the soft landing narrative. Lingering Risks In addition to the upcoming macroeconomic events, investors remain wary of: - Trade Policy: Former President Donald Trump’s proposed tariffs on imported goods could stoke inflation and weigh on economic growth. - Geopolitics: The ongoing risk of escalation in the Ukraine conflict continues to loom over global markets. Soft Landing: The Baseline Scenario Looking at the current data, the Nasdaq appears to be on the path to a soft landing, supported by a strong labor market and robust technology sector performance. Favorable seasonality—both year-end trends and election-year dynamics—further bolsters the case for continued gains, which remains the baseline scenario for now. Conclusion The Nasdaq has shown strength, but next week’s FOMC meeting and PCE inflation report could reshape market dynamics. The key question is whether the data will support the soft landing narrative or signal a need for further monetary tightening. What are your thoughts on the Nasdaq’s outlook given the upcoming Fed meeting and inflation data? Will the index sustain its rally, or are we in for increased volatility? Share your insights in the comments.
CAPITALCOM:US100Long
by InvestMate
Unlocking the Myth of Price Action: A Strategic PerspectiveThe Market’s Telltale Signs: History shows that when markets experience sharp moves—either a dramatic drop or an explosive rally—pullbacks often follow. These pullbacks are driven by strong follow-through candles that signal renewed interest and participation from market players. Such formations act as the market’s way of hinting at a potential reversal or retracement. The Current Scenario: Right now, the price action is falling short of these historical signals. The market has yet to produce the kind of decisive, bullish candle that would suggest a meaningful reversal. The recent candles lack strength, structure, and conviction, leaving the prevailing trend intact. Why It Matters: In trading, patience is a superpower. Jumping into the market without confirmation from strong signals can be costly. At this point, staying on the bearish side is the smarter move. Let the market speak—wait for that bold, unmistakable bullish candle to confirm the tide is turning before considering a shift in strategy. On the Flip Side: However, if the bulls do take charge, we could witness a substantial upside movement. A strong, decisive bullish move would signal a shift in momentum, potentially leading to a significant rally. This could present an excellent opportunity for those ready to ride the bullish wave when it materializes. The Bottom Line: Stay aligned with the bearish trend for now, but remain vigilant. A strong bullish candle could unlock a major upside, so keep an eye on the market for any signs of a shift. The key is to let the price action confirm the next move before committing to a new direction!
FX:NAS100
by shazfit
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
NAS100USD: Bearish Focus on Liquidity and Premium ReversalsGreetings Traders! Brief Description🖊️: Currently, I am observing bearish institutional order flow, so it’s essential to align with the market’s narrative. The market typically moves toward liquidity pools, or external range liquidity, before targeting internal range liquidity, where premium and discount zones—such as Fair Value Gaps (FVGs) and order blocks—are found. In this case, price has reached a premium breaker block and retraced into the 62%-79% Fibonacci levels, which are strong zones to anticipate a reversal. Things I Have Seen👀: Liquidity Targeting💧: Price moves toward external range liquidity before reversing to internal liquidity zones. Premium Entry Zone🟠: The recent price leg retraced to the 62%-79% Fibonacci levels within a premium range, ideal for a sell entry. Targets: Fair Value Price Liquidity Pool (Sell Stops) Trade Management: Please note, I personally aim to capture a 3R return on each move and trade exclusively during the New York afternoon session. Once the session closes, I close my positions. While you may choose your own trade management approach, always prioritize proper risk management. What's Important Now❗ Look for confirmation entries at the premium breaker block, but remember to conduct your own research to validate this setup before entering. Best Regards, The_Architect
OANDA:NAS100USDShort
by The_Archi-tect
1
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