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corrections continue The NASDAQ 100, on the 1-hour chart, has shown notable declines in recent weeks, as reflected in the provided image. From the recent high near 19,940.0 (labeled "E"), the index has undergone a significant correction, breaking key levels and approaching critical support zones. The price is currently testing the 18,717.8 level (138% Fibonacci according to the "tag pole"), a level that could act as temporary support. Context of the Declines Recent declines have been influenced by factors such as macroeconomic uncertainty, including interest rate expectations and the strength of the dollar (USD), in addition to profit-taking following a previous rally. On the 1-hour chart, this corrective movement has brought the index to a confluence between the descending channel (labeled "D") and important Fibonacci levels, such as the 138% at 18,717.8 and the 100% at 18,466.7. Possibility of a Further Downside Given the 1-hour timeframe, the NASDAQ could extend its correction before a rebound. The next relevant support zone is located at 18,466.7 (100% Fibonacci), which coincides with a previous liquidity level (labeled "B"). If this support fails, the price could head towards 18,200, where a stronger support zone is observed (labeled "V"). The corrective structure with waves (I-IV) suggests that we are in wave IV, and a downward wave V could complete in this zone before a trend reversal. Rebound Scenario Once the price reaches these supports, especially 18,466.7 or 18,200, we are likely to see a technical rebound. This could lead the index to retest resistance at 19,000 or even the 19,726.9 level (labeled IV) if the correction is considered complete. Traders may see reversal signals such as divergences in the RSI or a hammer pattern in these areas. Conclusion: Keep an eye on 18,466.7 as critical support. A break below could target 18,200, but a rebound from these levels seems imminent after the current correction.
CAPITALCOM:US100Short
by JAG_Trader
2025-03-13 - priceactiontds - daily update - nasdaq futuresGood Evening and I hope you are well. comment: Bulls can’t get anything going that’s not sold heavily. I can’t see this not closing at the lows tomorrow. The target is obvious, 2024-09 low at 18867. The tight bear channel started at 22245. This selling without any meaningful bounce is so weird and overdone, it’s hard to grasp. We went from melting higher on literally any news to not being able to close green on a week where news were all in line or not bad. I can not take this as a W1 of a new bear market where my next target is likely 18000 for W3 and 16000 for W5. current market cycle: trading range - only daily closes below 20000 mark the end of this bull trend key levels: 19000 - 21000 bull case: Easy as pie to write. Bulls need anything above 19800. Anything below is much more likely to that we sell hard again, since it’s not stopping. Bulls can not trap any bears and are quick to give up on any selling pressure. Best for bulls would be to stay above today’s low and make another higher low above 19165. Weekly close above 19500 would surprise me big time. Invalidation is below 19140. bear case: Bears are really overdoing it. A 5-10% up move is around the corner I think. Next target below is the September 2024 low at 18867, which aligns somewhat with the current bear channel. The channel is the dominant feature right now, so trade it. My base assumption for tomorrow is another try by the bulls and heavy selling into the weekend. Would not be surprised if we close the week below 19000. Invalidation is above 19600 but bulls need something above 19800 if they want further upside. 19600 is just the break of the bear channel. short term: Can only be neutral for now. Having a bullish bias but bulls are not doing enough for now. I wait. 20k is my first target. Nothing changed. Selling down here is not for me. medium-long term - Update from 2024-02-23: Will update this on the weekend. Bear trend has started. trade of the day: Yeah. Globex printed the high of the day early and market could not get above it or 19600 for that matter. I thought a trading range day was much more likely and we had decent two-sided trading but bulls are running for the exists and just want out. 6 x 1h bars that struggled to stay above 19550 was the cue that we likely test down again.
CME_MINI:MNQ1!
by priceactiontds
Nvidia Just Under Major SupportNvidia seems to have been pulled down by the Dow just like Apple as both are just under major support. I'm sorry for my previous Nvidia chart that drew support near 140, I recognize where I screwed up, but this chart should be good. Fortunately actual 117 support wasn't that far below and my NVDA isn't too in the red. NVDA has the lowest revenue multiple in years right now. I know it's well off it's long term trend line, but it's growth rate is unlike anything it's ever been so expecting a steeper trend line to appear makes a lot of sense. Eventually I would imagine we'll get back to that trend line, but not anytime soon. The Dow hitting major support should finally lift NVDA and the others that have been dragged down like AAPL and AMZN. Good luck!
NASDAQ:NVDALong
by bwy
Nasdaq Hits Double Top Target – What's Next?Amid declining economic confidence and economic growth forecasts, stimulated by expanding trade wars, the Nasdaq has reached the double top pattern target formed between the December 2024 and February 2025 peaks at 19,100. This level also aligns with the 0.618 Fibonacci retracement of the uptrend from the August 2024 low (17,230) to the February 2025 high (22,245). The 19,000 barrier holds significant technical weight, as it coincides with: The golden Fibonacci ratio and the double top pattern target. Oversold conditions on the daily RSI, previously seen in August 2024 and dating back to similar levels in 2022 on the 3-day time frame. Key Levels to Watch: 🔻 Downside Risk: If market turbulence intensifies and the Nasdaq drops below 19,000, the next key level is the 0.786 Fibonacci retracement at 18,300, with potential interim support at 18,700. 🔺 Upside Potential: If markets respond to oversold momentum conditions, a break above the short-term resistance at 19,700 could trigger rallies toward 20,000, 20,300, 20,700, and 21,000. A strong hold above 21,000 could extend bullish momentum back toward record highs. Key Events to Watch: US PPI Data (Today) US-Canada Trade War Developments US Consumer Sentiment Report (Friday) - Razan Hilal, CMT
FOREXCOM:NAS100
by FOREXcom
QQQ - Nasdaq has reached it's firstPrice reached the Warning Line 1. This is a natural support, because it's a standard deviation stretch. From here, price has a high tendency of mean-reversion. How far? Most of the time it shoots back to the Lower-Medianline-Parallel. Beware of the potential resistnace zone. This level is a good one to take partial profits. As for a stop, I would put it below the last swing-long. I may play it with Options (for example a Risk-Reversal), giving me more leeway to the downside if it's not playing out immediately.
NASDAQ:QQQ
by Tr8dingN3rd
US Market Reversal Emerged? This Week's Closing is CrucialThe final trading day of February. I always take the opportunity to analyze the monthly chart closely. We saw an inverted hammer. From the cash chart, clearly, we can see the inverted hammer. Beyond that, it also appears to be a potential double top for the Nasdaq. E-mini Nasdaq Futures & Options Ticker: NQ Minimum fluctuation: 0.25 index points = $5.00 Micro E-mini Nasdaq Futures & Options Ticker: MNQ Minimum fluctuation: 0.25 index points = $0.50 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs tradingview.com/cme/ Trading the Micro: cmegroup.com/markets/microsuite.html
CME_MINI:MNQ1!Short
by konhow
5
NASDAQ about to nuke?In my previous ideas and posts i told you about #nasdaq chart structure' s weaknesses. Well, it has already made the extended rally and the time has likely come. In lower time frame, nasdaq, spx and dji already started dumps and broke the local supports. In monthly candle stick size, i mean higher time frame, #nasdaq100 chart: - Formed a huge bearish divergence - Stoch RSI made bearish triple top - MACD is warning about the trend reversal (Bullish to bearish) The strong support zones in HTF are: Monthly EMA Ribbon at 15000 Monthly İchimoku Cloud bottom at 12000 The stronghold the historical trendline support at 6000. This strategy is NOT a SHORT TERM strategy and NOT FINANCIAL ADVICE. Dyor. Just avoid being over greedy.
TVC:NDQ
by naphyse
USTEC - Short-Term Pain, but...Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈Long-term, USTEC has been overall bullish trading within the rising channel marked in orange. This month, USTEC has been in a correction phase, retesting the lower bound of the channel. Moreover, the green zone is a strong support zone. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of support and lower orange trendlines acting as non-horizontal support. 📚 As per my trading style: As #USTEC is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATION:USTECLong
by TheSignalyst
4
Appetite For Risk Through the Lens of Nasdaq and BitcoinBitcoin tends to track Wall Street sentiment well, particularly compared to the Nasdaq. Growing concerns that Trump's policies will tip the US (and therefore the global economy) into a recession, which currently has the Nasdaq on the ropes and bitcoin getting dragged along for the ride. And there could be further losses to follow, though a cheeky bounce at a minimum could be due first. Matt Simpson, Market Analyst and City Index and Forex.com
CME:BTC1!
by CityIndex
NASDAQ: Oversold at the bottom of 8month Channel Up.Nasdaq is oversold on its 1D technical outlook (RSI = 26.693, MACD = -501.840, ADX = 53.670), which is the most oversold 1D RSI reading since August 15th 2015. In the meantime, it touched the HL bottom of the 8month Channel Up, a bearish wave that looks much like July 2025. The bullish wave that followed topped on the 1.382 Fibonacci extension. If candle closings are contained inside the Channel Up, we expect it to attract a lot of new buyers and initiate the new bullish wave to at least the same Fib. Long trade, TP = 23,400. A closing under the Channel Up, should test though the 1W MA100 (TP = 18,000). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
18 Times, +2000%, 5800 Days - All About NASDAQ100 Corrections!Hi, all! I need to repost some of my recent ideas on TradingView due to issues with the platform's moderation. Let's start! The most up-to-date post is coming right away - one that serves as a timely reminder during these interesting times: never forget history. From November 2008 to February 2025, the Nasdaq 100 (NDX) index has grown by over 2000%! Yes, that’s a 20x increase! This tech giant, made up of the 100 leading technology stocks, has shown impressive strength. For comparison, the S&P 500 has risen about 820% in the same period. A great performance but Nasdaq 100 leaves it far behind. Has this been a straight-line rise? Not really. Looking back, it may seem like the perfect investment. But the road was not smooth. Nasdaq 100’s success came with painful drops, investor panic, and moments when it felt like the market would never recover. From the outside, everything looks great. But would you sit through a 30% drop, while the news is screaming about the "end of the world"? So, I decided to analyze every correction of 10% or more since the market bottom in 2008. - How long do corrections and recoveries last? - How often do they happen? - What should investors know? - Can this help you in any way? DATA ANALYSIS - 18 corrections in Nasdaq 100 (2008–2025), -10% or more. Retracement Stats: - Average drop: -15% - Median drop: -13% - Biggest drop: -37.72% - Smallest drop: -10% Correction Length (17 completed corrections): How many days does a correction last from the peak to the bottom? - Average: 60 days - Median: 35 days - Longest: 325 days - Shortest: 14 days Recovery Time: From bottom back to new highs. - Average: 165 days (~5.5 months) - Median: 119 days (~4 months) - Longest: 752 days (over 2 years) - Shortest: 42 days (~1.5 months) Correction Frequency If we take a rough estimate, in 5800 days, there were 18 corrections, which means a correction happens every 322 days (~10.5 months) on average. Total Time Spent in Corrections vs. Rising Markets - Corrections lasted 1016 days - Recoveries lasted 2801 days - Total time spent in "work mode": 3817 days - Total "smooth uptrend" days: 1983 days (~5.4 years) Basically, like a hardworking employee – the market spends more time struggling than rising! What Can Investors Learn from This? 1. Accept Volatility Knowing that market swings are normal, investors can keep a long-term perspective and avoid panic-selling during downturns. 2. Nasdaq 100 Has Always Recovered In the long run, Nasdaq 100 has always bounced back to new highs. Each recovery has been different, but so far, making new all-time highs has never been a problem. 3. Make Better Decisions Understanding psychological biases helps investors make rational choices and manage risks better. 4. Market Drops = Opportunities, Not Threats Most big market rallies started when most investors were too scared to buy. "A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful." – Warren Buffett Market drops always feel unique and scary but history shows they follow repeating patterns. And those who keep their emotions in check have the best opportunities. "The time to buy is when there's blood in the streets." – Baron Rothschild Final Thoughts: Is the current retracement a buying opportunity? No one knows for sure but history suggests - stay calm! So, that's all. Like & Boost if you find this useful! 🚀 Have great day, Vaido 💬 Before you leave... What’s your take on the current Nasdaq 100 correction? Drop your thoughts in the comments 👇
NASDAQ:NDXEducation
by VaidoVeek
NAS 100 Overextended – Brace for a Pullback! The NAS 100 is looking highly overextended at the moment 📊. Market conditions are precarious, with many instruments trading into key support and resistance levels on both the daily and weekly timeframes ⏳. A sharp pullback 📉 could be on the horizon, potentially offering a counter-trend buying opportunity on the lower timeframes for the US 100 💰. If it pushes higher, it may set up a potential short trade 🎯. 🚨 Not financial advice – trade wisely and manage your risk! ⚖️
CAPITALCOM:US100
by fxtraderanthony
Tesla (TSLA) Weekly Chart Analysis – Key Levels & Market OutlookTesla (TSLA) Weekly Chart Analysis – Key Levels & Market Outlook 🚀 1️⃣ Overall Trend: ✅ Long-Term Uptrend (2019-2021): Tesla experienced a massive rally, reaching all-time highs. 🔻 Correction Phase (2022): A significant pullback led to a strong downtrend. 📈 Recovery Mode (2023-Present): The stock started forming higher highs and higher lows, indicating a bullish structure. 📉 Recent Pullback: The price is now retracing from recent highs, showing potential short-term downside momentum. 2️⃣ Key Support & Resistance Levels: 📌 Support Zones: $300: A critical level—if it breaks, Tesla could drop further. $260 - $280: The next demand zone if selling pressure continues. $240 - $250: Strong historical support, previous swing low. $180 - $200: A major long-term base where Tesla found strong demand before a rally. 📌 Resistance Zones: $380 - $400: A strong rejection zone—Tesla recently pulled back from here. Above $400: A breakout could send TSLA toward $500+ (previous cycle highs). 3️⃣ Candlestick & Price Action Observations: 📉 Bearish Momentum: The latest weekly candle is red, indicating strong selling pressure. If Tesla fails to hold $300, expect a move toward $260-$280. 📊 Potential Bounce Area: If buyers step in, Tesla might consolidate before another leg higher. 4️⃣ Market Context & Indicators: 🚗 EV Sector & Nasdaq Trends: Tesla follows macroeconomic conditions and overall tech sector movements. 📆 Earnings & News Catalysts: Watch for updates on deliveries, margins, and macro sentiment. 📊 Technical Indicators: ✅ Moving Averages: 50-Week MA: A close below this could signal weakening momentum. 200-Week MA: A crucial long-term dynamic support. ✅ RSI (Relative Strength Index): Not oversold yet—watch for levels near 30 for potential reversals. ✅ MACD (Moving Average Convergence Divergence): Bearish crossover forming? A confirmation could indicate further downside momentum. ✅ Fibonacci Retracement: Retracement levels align with $260 - $280 as a possible bounce zone. 5️⃣ What’s Next? 📌 Bullish Scenario: If Tesla holds $300, expect a potential rebound toward $350-$380. 📌 Bearish Scenario: A break below $300 could lead to a test of $260-$280, with downside risk toward $240 - $250 in extreme cases. 🚀 Key Question: Will Tesla hold support and bounce back, or will sellers push it lower? 💬 Drop your thoughts below! 🔥📉📈
NASDAQ:TSLA
by monkreet
QQQ long term trend is down with short-term relief rallyI am guessing a bit more downside before we see a relief rally. The AI bubble is starting to unwind, and that falling knife is sharp. I am patiently waiting for some version of a short-term bottom. You can see in the chart that price is has several key support lines within near reach. I would expect testing and hopefully finding some support in the coming days. If it is like the COVID bubble unwind, then we could see a strong reverse rally out of this range. However, I think it is pretty clear QQQ is in correction with a convincing loss of the 200 day SMA.
NASDAQ:QQQShort
by Dr_Roboto