USNAS100 Correction in Play – Watching 23390 & 23440USNAS100
The price is undergoing a bearish correction while trading below 23440, with downside targets at 23300 and 23295, especially if a 1H candle closes below 23390.
A bullish scenario will be activated if price closes 1H above 23440, opening the path toward 23530 and potentially 23700.
At the moment, the market appears to be correcting toward 23295 before attempting a bullish rebound.
Support Levels: 23300 – 23210 – 23150
Resistance Levels: 23530 – 23700
NAS100 trade ideas
NASDAQ at Make-or-Break Resistance – Is a Sharp Drop to 23,292 "📉 NASDAQ at Make-or-Break Resistance – Is a Sharp Drop to 23,292 Next?"
📊 NASDAQ is currently trading within a well-defined resistance zone (23,812 – 24,007) after a recent rally from the support base near 22,800. The structure suggests a potential sell-side setup if price respects the resistance and fails to break higher.
🧐 Market Structure Analysis
Support Zone: Around 22,800, where buyers previously stepped in, forming a Higher Low and initiating the last bullish leg.
Resistance Zone: 23,812 – 24,007, marked by previous rejections and a Break of Liquidity (BOL).
Price has tapped into the entry zone just below resistance, hinting at possible exhaustion from buyers.
The chart indicates a bearish bias from this zone, aiming for a move toward 23,292.5 (marked target).
🎯 Educational Trade Example
Entry Zone: 23,812 – 24,007
Stop Loss: Above 24,007 to protect against breakout rallies.
Target: 23,292.5 (aligned with previous structural support).
Rationale:
Trading against strong resistance offers asymmetric R:R if momentum shifts bearish.
The Higher Low before resistance can act as liquidity fuel for sellers once demand weakens.
Clear invalidation point keeps risk defined.
⚠ Invalidation Scenarios
A strong breakout and close above 24,007 with follow-through volume would invalidate the short idea and potentially signal continuation toward 24,200+.
💡 Key Takeaways for Students
Zone-to-Zone Trading: Always define both entry and exit zones before execution.
Structure Before Strategy: The market’s reaction to resistance is the clue — confirmation comes before position sizing.
Risk Management is Non-Negotiable: Even high-probability setups require strict stop placement.
NAS100 Building Up On Bearish PressureHi there,
NAS100 has been very surprising for us recently, with increased bullishness that appears to be giving a bearish bias.
🦉 We'll use RSI and DEMA to coordinate price movements.
🎙️The price is bearish from the 23,600 area and has broken a minor dashed trendline. As long as the price remains below the purple 36 DEMA, below the RSI 50 level, and below the yellow RSI EMA, we remain bearish toward the solid trendline. This outlook points to two target support areas: 23,325 and 23,207.
🧩 Note: the bearish momentum is driven by the 3-hour chart. If it changes there, the setup will be invalidated.
Happy Trading,
K.
NASDAQ Index Analysis (US100 / NASDAQ)The index is moving within an upward channel in the broader trend and is currently trading near the 23,550 area, which is a pivotal zone between two possible scenarios:
🔻 Bearish Scenario:
If support at 23,500 breaks and holds below this level, we could first see a decline toward 23,400, followed by a potential drop to the 23,290 test zone.
Breaking this level may open the door for further downside corrections.
🔺 Bullish Scenario:
If the price successfully breaks and holds above 23,680, this could support a continued rally toward 23,800, and with sustained momentum, the market may target a new high.
Nasdaq and S&P500 Short: Completed 5-wave structureIn this video, I explain my analysis of the Nasdaq and S&P 500 chart together with Gold (the risk-off indicator).
I point out 3 main reasons why I labelled the 5-wave structure as W-X-Y-X-Z instead of 1-2-3-4-5:
1. Wave 3 overlaps Wave 1.
2. 5th Wave did not make new peak.
3. Gold structure still supports a 5th Cycle level wave higher.
Regardless of how confident we are, remember to set your stop and respect it.
Good luck!
NAS100 Sell Trade PlanThe market is showing a lower high formation on the 1H chart, indicating potential bearish continuation. Entry is planned at 23,481.2, with a stop loss at 23,584.6 to protect against upside breakouts. The first target (TP1) is set at 23,363.8 to secure partial profits, and the second target (TP2) is at 23,275.0 for extended downside potential. RSI is currently below the 50 level (44.70), supporting bearish momentum. Risk-to-reward ratio favors the setup, aligning with the recent downtrend structure.
"NAS100USD – Bearish Reversal Setup Forming Below PDH with Key SOn the 4H timeframe of the NAS100USD index, after registering a new high around the **PMH** zone, price faced strong resistance near **PDH** and has recently formed a **Lower High (LH)** and **Lower Low (LL)** pattern. This behavior, along with repeated rejections from the 23670–23710 area, indicates weakening bullish momentum and the potential start of a short-term correction or pullback.
The **PDL** level currently acts as a key short-term support; a confirmed break and close below this level could open the path toward the significant support at **PWL**, followed by the 22940–23218 zone.
From an indicator perspective, decreasing volume near the top, combined with rising volume on recent bearish candles, confirms stronger selling pressure. The overall market structure, after the recent sharp bullish wave, is now in a time–price correction phase that may lead to the breakdown of these supports.
Therefore, if **PDL** is decisively broken, a short entry with a stop-loss above **PDH** and targets in the mentioned zones is the preferred scenario; however, sustained trading back abovEntry: sellstop @ 23,540.00 | Asset=NAS100USD | Side=Sell
SL: 23,676.00
TP1: 23,218.00
TP2: 22,940.00
Conf: 81%
NAS100 at mjaor resistance area Fib 0.5Price has reached the 0.5–0.382 Fibonacci retracement zone of the recent swing. If the bears are strong, we may see a rejection toward the trendline support. However, if this resistance is broken, a bullish continuation is also possible. Let's see how it plays out.
Nasdaq Index Analysis (US100 / NASDAQ)The index is currently trading near $23,670, a pivotal zone between two possible scenarios:
🔻 Bearish Scenario:
If the support at $23,570 is broken and the price holds below it, we may see a decline first toward $23,400, followed by an extended move toward $23,290 as a test area. A break below this level could open the door for further downside corrections.
🔺 Bullish Scenario:
If the price successfully breaks and holds above $23,680, this could support a continuation of the uptrend toward $23,800, and with sustained momentum, a new high could be targeted.
⚠️ Disclaimer:
This analysis is not financial advice. Please monitor market behavior and analyze data carefully before making any investment decisions.
US100 Bullish Momentum Targets AheadThe US100 shows strong bullish structure after completing an ABCD correction, with price eyeing a potential move towards the 1st target at 23,791 and possibly the 2nd target at 24,053. A brief pullback may precede the continuation towards these key resistance levels.
1. Current Structure
The chart follows an ABCD pattern after a strong bullish impulse from the early August lows.
Points A–B–C–D suggest a completed correction phase, with momentum now shifting upward.
Price is currently around 23,629, approaching the first resistance zone.
2. Key Levels
Immediate Support: ~23,500 (recent swing low, short-term demand zone)
1st Target: 23,791 (minor resistance, potential profit-taking zone)
2nd Target: 24,053 (major resistance, psychological round area)
Major Support: 23,200 (break below here could invalidate bullish momentum)
3. Price Action Expectation
Short term:
A small pullback toward 23,500–23,550 is possible before continuing upward (healthy retracement to build buying pressure).
NAS100 - Stock market awaits an important week!The index is above the EMA200 and EMA50 on the four-hour timeframe and is trading in its ascending channel. If the index corrects downwards towards the drawn trend line or the specified demand zone, you can buy Nasdaq with better reward for risk.
Many Federal Reserve officials believe that tariffs could weaken the U.S. economy and push inflation higher—a dilemma that forces policymakers to choose between cutting interest rates to support growth or keeping them unchanged to control prices.
However, Miran—the economic adviser President Donald Trump intends to nominate to the Fed’s Board of Governors—rejects this view. He argues that tariffs will ultimately benefit the economy and will not significantly impact prices, allowing the Fed to resume the rate-cutting cycle it halted earlier this year.
The key question now is whether Miran’s arguments will be persuasive enough to sway the broader thinking of the central bank’s policy committee, or whether concerns over labor market weakness might prompt rate cuts regardless, rendering his arguments unnecessary.
According to analysis from The Wall Street Journal, beyond the policy disagreements, Miran has also challenged the institutional legitimacy of the Federal Reserve. He has accused Fed officials of having political motivations and criticized them for what he calls the “tariff disruption syndrome.” In a paper published last year, he argued that all senior Fed officials should be subject to dismissal at the White House’s discretion. If appointed, he would give Trump a loyal ally inside the Fed’s boardroom—someone capable of promoting the president’s views and challenging the institution’s consensus-driven culture and influential research staff.
Meanwhile, JPMorgan has revised its monetary policy forecast for 2025, now expecting the Fed to deliver three 25-basis-point rate cuts starting in September 2025, compared to its earlier projection of just one cut in December.
Miran, who holds a Ph.D. in economics from Harvard University, currently serves as Chairman of the White House Council of Economic Advisers. On Thursday, Trump announced his intention to nominate him for a newly vacant Fed board seat. This position became available unexpectedly after Adriana Kugler’s resignation last week and will expire in January. Trump also revealed plans to nominate another individual to fill this seat, who could potentially replace Jerome Powell as Fed Chair in the spring. Miran’s appointment would give Trump additional time to evaluate how candidates—whether Miran himself or Christopher Waller, whom he appointed during his first term—align with his policy views and vote on interest rates.
This week’s economic calendar is once again crowded, with a series of key inflation reports and consumer-related indicators in the spotlight.
Early Tuesday, the Reserve Bank of Australia will announce its interest rate decision, with markets expecting a 25-basis-point cut from 3.85% to 3.60%. Shortly after, traders’ attention will shift to the U.S. Consumer Price Index (CPI) for July, where core inflation is expected to rise from 0.2% in June to 0.3%.
Wednesday will be relatively quiet, with the main highlight being speeches from Fed officials Austan Goolsbee and Raphael Bostic. On Thursday, focus will return to major data releases, including the U.S. Producer Price Index (PPI), which is projected to see its core measure increase by 0.2% after holding steady in June. Weekly jobless claims figures will also be released that day.
The week will conclude with a broader look at U.S. consumer activity. July retail sales are forecast to slow from 0.6% to 0.5%, while core retail sales are expected to drop from 0.6% to 0.3%. Hours later, the preliminary August reading of the University of Michigan Consumer Sentiment Index will be released, providing insights into consumer expectations and confidence.
According to ISM data, pricing pressures have eased in the manufacturing sector but have jumped sharply in the services sector, which makes up a much larger share of the U.S. economy. This suggests that upcoming CPI and PPI reports carry an upside risk relative to forecasts. Inflation readings above expectations—even before fully factoring in the impact of retaliatory tariffs—could erase part of the market’s anticipated rate-cut outlook.
Different Strats, Same ChartICT, SMC, breakout traders, trendline traders… everyone swears they’ve got a unique edge, but it’s all pointing to the same POI. Same price, same reaction. Doesn’t matter what you call it — the market delivers the same setup for everyone, only difference is how you see it.
US100 (5m) – AnalysisKey Breakdown – Price has broken below the 23,641 support (red line) after failing to hold the yellow retest zone, signaling short-term bearish momentum.
Immediate Resistance – 23,641 is now flipped into resistance; any pullback toward it could attract sellers.
Downside Target – Next major support sits at 23,575; if broken, deeper liquidity may be targeted below 23,550.
Market Structure – Shifted from intraday uptrend to lower highs & lower lows; momentum favors short trades until structure flips.
Trading Approach – Look for short entries on retests of 23,641 with stop above yellow zone, target 23,575, then trail for possible extended drop.
NDX & SPX , Stay heavy on positionsNDX & SPX , Stay heavy on positions. (QLD, TQQQ)
Despite the rebound, the market remains tilted toward hedging and caution.
In stay light on positions zones, I hold QQQ and reduce exposure.
In stay heavy on positions zones, I increase allocation using a mix of QLD and TQQQ.
when to change your session bias and Take profit, YM! Long1. This video demonstrate when you should change you bias for the session, sometimes before session price action quite confusing but when you add SMT and strength switch concept to you bias you will see true price intention where it will go.
2. Always take entry or profit one level to another level, price always go from one level to another level.
3. This video I try to demonstrate how to take profit when you have to level to target, always look for the correlated instruments to build bias
NSDQ100 sideways consolidation support at 23045Nasdaq 100 Market Summary – August 8
Markets remain cautious, with a mix of corporate and macro developments driving sentiment.
Gold futures surged after the US unexpectedly imposed tariffs on one-kilo and 100-ounce gold bars. The move surprised traders and added fresh uncertainty to the metals market. Oil prices stabilized following a recent decline, as attention shifts to potential diplomatic developments, including a possible Trump-Putin meeting.
In the tech sector, Tesla scrapped its Dojo supercomputer project, a blow to its in-house AI and self-driving ambitions. This comes just weeks after Elon Musk said he was doubling down on the effort. The departure of the project’s lead adds to investor concerns. Meanwhile, Intel’s CEO responded to political pressure by reaffirming his board’s support, as Trump called for his resignation over alleged conflicts of interest.
On the economic front, the latest jobless claims data brought some relief after last week’s soft payrolls report. Initial claims rose slightly to 226,000, just above the 222,000 forecast. However, continuing claims came in higher at 1.974 million, with most of the increase seen in California—likely due to seasonal factors. Additionally, the New York Fed’s July survey showed a rise in both inflation expectations and concerns about the job market.
Conclusion for Nasdaq 100 Trading:
The tone remains cautious. Disruptions at major constituents like Tesla and Intel may drag on sentiment, while macro uncertainty—rising geopolitical tensions, new tariffs, and unstable commodity markets—adds to headwinds. Traders may rotate into defensives or software names with lower exposure to AI hardware or international trade risks. Expect range-bound trading with elevated volatility until clarity emerges on US-Russia diplomacy and the true extent of tariff impacts.
Key Support and Resistance Levels
Resistance Level 1: 23700
Resistance Level 2: 23900
Resistance Level 3: 24085
Support Level 1: 23045
Support Level 2: 22870
Support Level 3: 22675
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