NAS100 Hi, I will be honest here as we all need to cooperate in that. Yes I expected at the beginning of the day that it will be bleeding at all indexes which was right but I never expected that even 21700 at Nasdaq will be broken! Now I am looking for 21500 as it is shown with the arrow as there is an uptrend in turquoise which also I spoke about in my bearish idea before! That definitely will be going to! but will it hold or will be broken too! as below it will be 21330/21340… But I see that 21500 could be a good level to absorb that wave and bounce up from and if that will happen then it could go back up to 21700 and could be too till 21800 But I do not agree at all that when the markets open tonight, that a bullish retrace could happen! not with a shaved bottom day candle or even 4 candles like that which increases the chances of the continuation of the bearish momentum down to 21500 but the question now more is if 21500 will hold or not!
BABA Alibaba's revenue increased by 8% year-over-year to $38.4 billion, surpassing expectations by $130 million, marking its fastest growth since 2023. The company's cloud revenue growth picked up pace, rising 13% year-over-year (compared to 7% in the previous quarter), driven by six consecutive quarters of strong AI growth. Alibaba is heavily investing in AI, with CEO Eddie Wu stating that Artificial General Intelligence (AGI) is the company's "primary objective."
E-commerce also saw a recovery, with Taobao and Tmall revenue growing by 5%, including a 9% increase in customer management revenue, indicating stronger monetization. International commerce experienced a 32% jump, led by AliExpress and Trendyol.
Alibaba’s renewed focus on AI and infrastructure, along with a partnership with Apple to integrate its AI into iPhones in China, has contributed to a $100 billion rise in market capitalization in 2025. Despite intense competition from PDD and ByteDance, Alibaba’s strategy is proving successful.
NAS100USD We are coming close to the middle of a massive consolidation price action box since October 2024. Now the question is are you going to take a risk bang in the middle to gamble a long? Or WAIT for it to get to the bottom of it to long with best risk to reward for a buy or trade it to the bottom of it? Best entries are from extremes (this has been stated by others) ignore this and it's about holding significant draw downs or loss or being fast in scalping it all depends how you want to trade, yes there will be all sorts of retests along the way to fool you. You have to study range bound price action because that is what it has been and still is in my opinion this is why one cannot yet marry any side YET! Not a trending market yet. Can begin marriage from extreme and live happy for a decent time just like the sellers are right now?!
📈 Bullish Continuation: Holding 21,580–21,400 could trigger a move back to 21,700+, with confirmation above 21,900. 📉 Bearish Reversal: Failure at 21,700+ or a break below 21,580 could lead to 21,200–21,000.