NASDAQ100 continue its strength due to the strong earning seasonFundamental:
USTEC (NASDAQ100) continues its strength, propelled by robust Alphabet (GOOG) earnings that buoyed technology companies. Cloud services recorded the largest growth at 32% YoY, primarily driven by AI. Concurrently, the company plans to allocate $85 bln to capital expenditure in 2025 for AI, an increase from $75 bln, signaling continued surging demand for AI infrastructure.
In addition, recent US economic data indicated strong consumption and optimism, with the July Services PMI expanding to 55.2 from 52.9 in the previous month. Initial Jobless Claims also fell to 217k, the lowest in 14 weeks, reinforcing optimism regarding the labor market, alongside stronger-than-expected Nonfarm Payrolls from early July.
Inflation data showed a minor impact from tariffs, and tariff negotiations have progressed favorably. Trade deals have been secured with Vietnam, Indonesia, Japan, and the Philippines, and potential trade agreements with the Eurozone and India are anticipated before the deadline.
Major earnings releases are slated for next week, including MSFT, META, and QCOM on July 30. AMZN and APPL's results the following day could provide a clearer picture of USTEC's overall earnings.
Meanwhile, USTEC's forward P/E currently stands at 27x, aligning with its 5-year average despite reaching a new record high, suggesting further upside potential.
Technical:
The index is trading above its EMAs, which are extending, signaling a continuation of the rally.
If USTEC sustains its momentum, the index may reach 24000 upon breaking above the potential resistance at 23400.
Conversely, a pullback near the swing high may suggest a retest of the support at 23000.
Ustech
Will USTEC Continue Its Rallies Amid Better Market Sentiment?Macro approach:
- USTEC advanced modestly this week, supported by upbeat corporate earnings and resilience in economic data amid ongoing policy uncertainty.
- The index benefited from strong expected results in major tech firms such as Microsoft (MSFT) and Nvidia (NVDA), as top giant AI leadership, helping to bolster sentiment despite lingering concerns about tariffs and Fed policy direction.
- US macro data showed sticky inflation in key categories, robust retail sales, and falling jobless claims. This prompted the Fed to retain its cautious stance on rate cuts while markets reassessed policy expectations. Policy-related headlines and manufacturing sector developments also partly drove market volatility.
- USTEC could remain sensitive to incoming tech earnings, the 29-30 Jul Fed meeting, and potential US tariff announcements in early Aug. Persistent inflation and any surprises in central bank communication may drive volatility in the sessions ahead.
Technical approach:
- USTEC trended higher and created a new record high. The price is above both EMAs, indicating a strong bullish momentum.
- If USTEC stays above the support at 22900, the price may continue toward the 78.6% Fibonacci Extension at around 23867.
- On the contrary, breaking below the support at 22900 and EMA21 may prompt a deeper correction to retest the following support at 22000.
Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Here’s a fresh Nasdaq100 analysis I’ve put together for you.Hey Guys,
Here’s a fresh Nasdaq100 analysis I’ve put together for you.
I’ve marked the buy zone between 23,252 and 23,240. If price dips into that range, I’m anticipating a potential move upward toward 23,294.
Your likes and support are my biggest source of motivation to keep sharing these insights.
Huge thanks to everyone backing me with a thumbs-up!
NASDAQ at Risk – Tariffs Pressure Tech IndexUSNAS100 – Market Outlook
The index is currently in a sensitive zone, heavily influenced by ongoing tariff tensions. If the current geopolitical pressure continues, it may fuel bearish momentum across the tech-heavy index.
To regain a bullish outlook, we need to see signs of negotiation or de-escalation, which could stabilize the price and lead it toward 23010 and 23170.
However, as of today, the market appears to be setting up for a correction, potentially dipping to 22815, followed by a deeper bearish move targeting 22420.
Support Levels: 22615 – 22420
Resistance Levels: 22905 – 23010
USNAS100 Key Level: 22,740 – Will the Trend Continue or Reverse?USNAS100 Update – Bullish Momentum Holds Above 22,740
USNAS100 has continued to push higher, following through as expected from yesterday’s analysis.
The index maintains bullish momentum as long as it trades above the key pivot at 22,740.
However, a 1H close below 22,730 could trigger a bearish correction toward 22,615.
A sustained break below that level may shift the trend to bearish.
Key Levels:
• Resistance: 22,870 / 23,000
• Support: 22,615 / 22,410
USNAS100 | CPI Data to Drive Next Move – Key Pivot at 21790USNAS100 | OVERVIEW
The index is showing sensitive price action, especially after stabilizing above the pivot level at 21790. The release of U.S. CPI data will likely dominate today's movements.
If CPI > 2.5%:
Stronger inflation could pressure the index lower. A drop toward 21790 is expected, and a break below this level may extend the bearish trend toward 21635, and possibly 21480. However, holding above 21790 may keep the bullish structure intact.
If CPI < 2.5%:
Weaker-than-expected inflation would support bullish momentum, with potential to push higher toward 22090 and test the all-time high at 22200.
Support Lines: 21790, 21635, 21480
Resistance Lines: 22090, 22200
NASDAQ Potential Bullish ContinuationNASDAQ price action seems to exhibit signs of potential Bullish momentum as the price action may form a credible Higher High (after tarriff delays on the EU) with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : 21600
Stop Loss : 20550
TP 1: 22649
USTEC100 Chart 4H, Trends To Watch for Short The provided USTEC 100 (US Tech 100) 4-hour chart highlights a strategic short (sell) trade setup based on technical price action and defined risk levels. The analysis suggests a bearish market bias, provided that specific price conditions are met and maintained. Let's explore the details and rationale behind this trade idea to understand how traders might approach this setup with calculated entries, targets, and stops.
As per the current market data presented, USTEC 100 is trading around 21,115.00 on Monday, 19 May 2025. The chart emphasizes a critical resistance zone highlighted in red, located at approximately 21,445.10. This level acts as a potential invalidation point for the short trade. If the price crosses above this red zone and a full candle closes above it, the entire bearish setup becomes invalid. This is a key condition – any move above this threshold signifies a shift in market sentiment and cancels the downward outlook.
NASDAQ Potential Bullish Reversal OpportunityNASDAQ price action went through a massive correction during the global tariff war.
However after potential recent developments, we may finally see a direction towards the resolution of widespread tariff based uncertainty across the macro economic landscape.
This presents us with a potential Reversal opportunity if we see the formation of a credible Higher High (given a potential proper break out) on the Daily and shorter timeframes.
Trade Plan :
Entry @ 20440
Stop Loss @ 19500
TP 1 @ 21380
TSLA Potential Post Tariff Resolution Bullish RallyDespite uncertainty still looming over the current global tariff based environment, TSLA price still seems to exhibit signs of a potential Bullish breakout as the price action may form a prominent Higher Low on the longer timeframes with multiple confluences through key Fibonacci and Support levels which presents us with a potential Non-Leverage hold opportunity.
Entry: CMP 292
Stop Loss: 90 or 0 (depends on trading style as Non-Leverage Buy & Hold is recommended)
Potential Range for Targets: 470 - 550