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US100 trade ideas

NASDAQ Technical Analysis: CPI Impact on Bearish MomentumTechnical Analysis The price will trade under bearish momentum and high volatility due to the CPI data we have Today, as expectation the indices should trade at the bearish area, on the other hand technically side, as long as Nasdaq trades below 21535 and 21410 will be bearish toward 21220 especially if the result published more than expected which is 2.7%. Otherwise, CPI Less than 2.7% will support bullish to get a new ATH especially if close 4h candle above 21535. Key Levels: Pivot Point: 21480 Resistance Levels: 21570, 21670, 21870 Support Levels: 21320, 21220, 21150 Trend Outlook: Bearish Momentum with some correction
OANDA:NAS100USDShort
by SroshMayi
2
Nasdaq reflects caution on inflation and ratesWall Street turned red at the close. The Nasdaq Composite, the main reference for the technology sector in the United States, fell -0.25% on Tuesday, closing at 19,687.24 points. This decline reflects the impact of a combination of macroeconomic and sectoral factors that are keeping the entire market on its toes. Nasdaq Performance in Context Although the index has had an outstanding performance this year, with a cumulative gain of close to 40%, led by technology giants such as Apple, Microsoft, and Alphabet, it has generated . However, the stock's pullback this week that underscores the sector's sensitivity to monetary policy expectations and global regulatory risks. Among the factors that contributed to the Nasdaq's decline this week were: • Regulatory pressures - China's investigation into Nvidia, one of the world's largest chipmakers, dragged down the Philadelphia semiconductor index (-2.5%) and weighed on tech stocks. • Mixed corporate results: Oracle declined 6.7% after missing revenue estimates despite being consistent, and MongoDB lost 16.9% despite improving its annual forecast. Short-term outlook The tech market faces additional uncertainties with upcoming Consumer Price Index (CPI) data key to the Fed's rate decision. If the November CPI meets estimates of 2.7% y/y, it could facilitate a 25 basis point rate cut in December, strengthening market sentiment. Currently the FedWatch data indicates that there is an increasing likelihood of a cut rather than a hold at current rates. In addition, the Fed's tone is expected to provide signals on the future direction of rates, which will directly impact appetite for high-growth assets such as technology. Technical Aspect Currently, yesterday the index made a crossover of averages generating that the average of 50 crossed over the average of 100 marking the fall of yesterday's prices. At the moment there is still a long distance to go before the averages approach the 200, but this crossover has positioned the price in the check point (POC) zone. So, if the CPI and rates news do not strongly modify this trend, we could be witnessing a possible temporary sideways movement of the index in this last part of the year. Overall, although the Nasdaq continues to show strength for the year, macroeconomic and regulatory challenges are key factors to watch, especially in an environment where monetary policies could moderate the pace of economic recovery. Ion Jauregui - ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
ACTIVTRADES:USATEC
by ActivTrades
Short-term pressure seen on USTECFundamental Perspective: USTEC pared recent gains as Oracle's (ORCL) disappointing earnings and Nvidia's (NVDA) ongoing scrutiny from Chinese regulators dampened investor confidence. Alphabet (GOOGL) surged after unveiling a quantum computing breakthrough. However, lofty valuations and concerns over potential antitrust scrutiny of tech giants weighed on USTEC. President-elect Trump has appointed Andrew Ferguson as FTC Chair, replacing Lina Khan. Ferguson could ease regulatory pressure on business mergers, potentially streamlining deal approvals while maintaining a tough stance on antitrust enforcement against tech giants. This mirrors Trump’s first-term approach, with major lawsuits targeting big tech like Google (GOOGL) and Meta Platforms (META). The ongoing scrutiny of tech stocks could temper upward momentum in the USTEC. Technical Perspective: USTEC pared recent gains and formed a head-and-shoulders pattern following a break of the pattern's neckline near 21420. If the price sustains its bearish momentum below 21420, a further decline toward the 21200 support might occur. This support zone aligns with the ascending trend line and is a significant resistance-turned-support zone, as the price peaked in November before a further rally. Conversely, a break above 21420 could prompt a deeper pullback toward the next resistance at 21580. Author: Li Xing Gan, CMT, CFTe, Financial Market Strategist Consultant to Exness
ICMARKETS:USTECShort
by lixing_gan
Nasdaq Intraday Review - Tuesday 10 Dec 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, but tomorrow is CPI News - None Directional bias - BUY. The M TF is very bullish and until there is a reversal pattern eg. DT on a high TF (like the D TF at least), I continue to hold my buy bias. Morning analysis: M TF - very bullish D TF - Price is right at the neckline area (marked in green) at time of writing this morning. If candles start closing below neckline towards the mushroom, Nas will turn bearish, because then a day DT has formed with the neckline broken down (change the D TF chart to a line chart and it will be easily visible). D fib retracement levels were broken down yesterday, in other words bulls were not able to overcome the bears at these levels and bears push down past these levels. Now only W retracement levels remaining. W 0.382 fib level is 2800 pips down (at time of writing in the morning). Bulls last defense against the bears is the D neckline (marked in green) and a strong D support level, exactly at the D neckline. So this is the level were bulls will have to step in if they do today. 4H TF - Shrinking red candles at C. indicate a loss of bearish momentum. Hoping that bulls will push up from the green support / neckline. Drawn in the SELL fib levels because these will be key take profit levels. Sell fib drawn from swing high at B. to swing low at A. As the day progressed: As the morning progressed a falling wedge pattern formed on the 1H TF, as marked by the thick pink lines. Entered a buy at the hand icon, when price broke upwards on the 15min TF - Confirmations: 1. Market pattern - Falling wedge pattern formed on 1H TF, right above key support. Pattern broken upwards, indicating that price is ready to move upwards 2. S&R - Green line represents D Neckline and key D support area. On the 1H TF, price is reacting to the 100 EMA, indicating that the torquiose EMA line is acting as dynamic support. 3. Trend - Buy is in the overall bullish trend of Nasdaq. Also the temporary downtrend line (the top pink line of the market pattern) is broken, indicating that price is ready to move upwards 4. Fib - None 5. Candlesticks - Shrinking candles on the 4H, indicating loss of bearish momentum Mental SL placed at the thick pink line. I was willing to risk more today because it might have come down one last time to test the green line, this was purely based on my feeling, which luckily turned out not be true. Luckily I had zero draw down and price shot up. I took partial profits at the top hand icon (because that was TP2 on the buy fib (as drawn) and then closed almost all the rest of my position at the blue arrow (when a strong DT started forming on the 15min TF). I left a runner open, just in case I could possibly benefit from a push up at CPI tomorrow, but this was taken out at entry ultimately. Majority of my profits was about 1000 pips. Stats: The total bullish move for the day was +- 1575 pips: I captured 63% of the total move (I'm happy with that). Amazing to see how price reacted to the sell fibs today. Fib levels are real baby! P.S. A note from yesterday's trading....I took a loss of 800 pips yesterday (I tried twice and hit SL twice). I was pretty bummed about it and didn't post :( Won't be trading CPI tomorrow, because I feel I cant stack the probabilities in my favour! See ya Monday! 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
NAS 100 BREAKER BLOCK SHORT! With Price action giving us strong rejection wicks at our area of interest, breaking through the Swing low (Break & Retest set up), along with sweeping buy side liquidity formed at the Daily support level. Price is poised for a pull back to the breaker block (Structure Low). If we receive a Bearish confirmation, once price reaches the Breaker Block. This would be a good and confident short entry. Watch your risk as we are still above the subjective Bullish Trend line Take profit 1 at The FVG 21,245 Take profit 2 (Stretch Goal) is the 38.2 Fib retracement level. * If we see a 38.2 retracement this should be a rejection off of the subjective "Bullish Trendline" ** Volume is giving us a great push down from the breaker block, Also just above TP2 is another area of great volume that could server as potential support. Concepts used: Structure Volume Price Action Fibs ICT
PEPPERSTONE:NAS100Short
by brianfj
12
NASDAQ: Buy near the 4H MA50.Nasdaq is bullish on its 1D technical outlook (RSI = 62.360, MACD = 259.490, ADX = 43.763) as it remains within the medium term Channel Up. The recent bearish wave is correcting the uptrend towards the 4H MA50, which if technically holds, should give way to the new bullish wave. The 4H RSI is headed towards its S1 Zone, which is the buying level so you can time the entries acccordingly. Our target is the 2.0 Fibonacci extension (TP = 22,000). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:US100Long
by InvestingScope
USNAS100: Consolidation with Key Breakout levelTechnical Analysis The price is currently consolidating between 21535 and 21420, awaiting a breakout. Bullish Scenario: Stability above 21535, confirmed by a 1-hour or 4-hour candle close, could push the price higher toward the all-time high (ATH) at 21675. Bearish Scenario: As long as the price trades below 21535, it may retest 21420. A break below 21420 will confirm a bearish trend, with the next target at 21220. Key Levels: Pivot Point: 21535 Resistance Levels: 21675, 21820, 22020 Support Levels: 21420, 21220, 21150
OANDA:NAS100USDShort
by SroshMayi
US100 - 1H - Short Setup to $21,000 (Technical Analysis)The CAPITALCOM:US100 bounced from the upper side of it's wedge where it marked it's new ATH. On the way up we opened two gaps (red in the chart) which are still left to get closed. We also see a RSI divergence which implies we've seen the top for now and are heading lower (at least for the time being). Current targets would be the support at $21,184, then the trendline of the current wedge at around $21,000 and a bit lower the bigger support zone at around $20,600. If we break above $21,600 this short setup is denied. Target Zones $21,184 (Gap Close) $21,000 (Trendline) $20,600 (Bigger Support Zone)
NASDAQ:NDXShort
by LGNDRY-Capital
1
US 100 Trade LogUS100 Long Setup (1H) Trade Logic: - Entry: Long within the 1-hour Fair Value Gap (FVG) located in the discount zone relative to this timeframe. Confluence Factors: - Bullish Momentum: The market is strongly bullish, with price action consistently breaking resistance and forming higher highs. - Relative Aggression: While the FVG is in a discount zone on the 1H timeframe, higher timeframes do not confirm the same, making this a relatively aggressive trade. - Supportive Context: Recent pullback aligns with the FVG, offering a potential continuation opportunity as buyers step in. - Risk-Reward: Minimum 1:2 RRR with a tight stop-loss of 50 points, ensuring disciplined risk management. - Target: TP1 at the next intraday resistance; TP2 near psychological levels like 15,500. Macro Context: - Market Sentiment: Strong risk-on sentiment in equities as major indices rally, supported by favorable economic data and dovish central bank tone. - Tech Strength: Nasdaq constituents leading the charge with inflows into growth and tech sectors, further reinforcing bullish momentum. - Volatility: VIX remains low, indicating stable conditions conducive to continuation of bullish trends. Additional Consideration: While this setup is aggressive, the bullish momentum makes it a calculated risk worth attempting. Keep stops tight and monitor if price fails to hold the FVG. Reassess if higher timeframe resistance levels come into play, suggesting a larger pullback.
PEPPERSTONE:NAS100Long
by Fondera