[GVI Forex 2]

NAS100 (NASDAQ) 4 HGOUR (CFD): Still too early to call a low

While It is too early to say the low is in, downside risk will cool off if it can stay above 27K.

To change the picture,  28K, the 4 hour trendline and 28336 would need to be taken out.

Otherwise, it is consolidation or retracement unless the low is taken out.

[GVI Forex 2]

NAS100 (NASDAQ) WEEKLY (CFD): Freefall

If US500 is in a meltdown, then NAS100 is in a freefall with the break of 27045 leaving little on charts until 22666. This suggests round numbers such as 26K and 25K will increase in importance. To slow the falling knife, 27K+ would be needed

[GVI Forex 2]

NAS100 (NASDAQ)  1 HOUR :(CFD): Freefall

There didn;t appear to be a specific headline that saw stocks go into freefall other than noting chipmakers and AI infrastructure shares are driving the selloff.

Qualcomm added to the pressure, falling about 10% before the open after disappointing smartphone chip sales reflected sluggish demand and lower Apple-related revenue. Meanwhile, concerns that opposition to data center development could intensify following the midterms are weighing on companies supplying chips, servers and power for the AI buildout.

NAS100 needs to regain 27500, at a minimum, or risk is for 27000

 

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR (CFD)

With the 28756 break not following through (high 28840), NAS100 is back into its range With down momentum broken, NAS100 is dependent, on staying above 28000 (28050 = 200 day mva) to keep risk pointed up and thoughts of the downside in check.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR (CFD): Farther to go…

Similar to US500, midterm whipsaw has broken down momentum, but has farther to go to confirm a low is in for now (i.e. break of 28756, which came close). High so far 28734 Same goes for its FIBO levels with 50% = 28938

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR (CFD): Watch 28000

Tech on the defensive again cutting short the NAS100 rally. This has seen 28000 briefly broken  although it is just a pivotal round number with key support at around 27000, a target that bulls do not want to see broken.

Watch the reaction to Apple earnings and the close vs 28000, above which needs to trade to cool off the risk now that stops have been run below it.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR (CFD): Double top

With upside contained around 30K for a double top, NAS100 is dependent on 29132 holding to check the downside and keep rsupport off the higher low. If not, then or risk would shift back to the 28820 low (with key support below it at 28755).

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR (CFD): What it will take…

Making a bid to break downside risk but to do so, 29935 and the key 4-hour trendline along with a firm move above 30K would be needed to confirm. Otherwise, needs to hold above 29130 to keep the downside in check. In any case, how it closes the day will be more important than how it starts out following the FOMC decision and key earnings reports (Alphabet and Microsoft).

[Belgrade Bobby]

Wall Street bounced to start Fed week. The Nasdaq rose 0.82% and the S&P 500 gained 0.70%, led by chips after Anthropic filed for an IPO. Oil came off its six-month highs, and gold held near $4,000. Next up: the Fed on Wednesday, plus Microsoft and Alphabet earnings.

[GVI Forex 2]

NAS100 (NASDAQ) 1 HOUR: (CFD) Just a pause?

Not shown on this chart, 28755 is key support and low has so far paused above it. However, for this to be anything but a pause and break a consolidation range, a move above 29415, currently guarded by 29205, would be needed.

 

[Belgrade Bobby]

Week wrap – Indices. AI fears hit hard. The Nasdaq fell 2.6% on Thursday, its worst day since June, after Meta’s numbers and chip warnings. Chip stocks dropped 6.7%. The S&P 500 slipped to a five-week low near 7,630. The Dow held up better on defensive buying, then lost 1.2% on Friday.

[Belgrade Bobby]

Day recap – Thu 22 Oct

Tech led a sharp sell-off today. Meta sank 8% and chip stocks slid on AI spending worries, pushing the Nasdaq down about 2.7% late in New York. Brent jumped above $111. Gold fell to an 11-week low near $4,040, while the Dollar Index hit a three-week low.

[Belgrade Bobby]

SpaceX Lights Up the AI Trade

SpaceX jumped 10% after a third quarter that blew past forecasts, reviving the AI trade and lifting the Nasdaq 100 1.3% by midday, while the S&P 500 gained 0.5%. Nvidia rose more than 1.5% and AMD 2%, sparked by growth in SpaceX’s AI compute business.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: So far just a pause

For a higher low to be anything more than a pause, 30027, guarded by 29800 (on this CFD chart) would need to be taken out.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Chop or not?

Bounce off the 29072 low would need to take out 30027 (on this CFD chart) to break down momentum.

Otherwise expect chop trading while within 29-30K

 

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: On the brink

Failure to regain 30K has setup a fresh run at the downside as the tech led selloff dragged other indices along with it ( COREWEAVE SHARES FALL 12% TO BRING WEEKLY SELLOFF TO 25%)

As the chart shows, the break of 30100 put 28755 (CFD) on the radar, a level bulls do not want to see broken as it would open a big void on the downside.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Back on the defensive

Bounce off the low failed a tepid test above 30k to keep risk on the downside although consolidating unless the 29423 low is taken out.

Note US yields backing off as risk tone turns to off.

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: History lesson

As posted earlier, history showing NAS retracements have proved short-lived and followed by news highs is again being put to the test.

To give history a chance to repeat,as a first step 30000-100+ would need to be regained and then see 30686 + the trendline broken.

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: Will history repeat?

History showing NAS retracements have proved short-lived and followed by news highs is again being put to the test.

To give history a chance to repeat, 30000-100+ would need to be regained.

Otherwise, 28755 (on this CFD chart) stays on the radar.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR:Back on thew defensive

Back on the defensive and dependent on 30100-250 holding along with 30K or face a void of support below it.

Upside limited unless 30687 high is taken ou

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Lagging US500

To prevent lower highs to translate into fresh down momentum, 30567 needs to hold. For this retracement to be followed by a new run at the record high, 31K would need to be established as support.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: 31K proving tough

Bounce off the 30567 low not going far enough to break current momentum (high 31044 vs. 31145 resistance)

Now at the mercy of a pre-quasi holiday Friday market where the 30567 low needs to hold to keep the downside in check.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: The dilemma

Here’s the dilemma…Momentum shifting to the downside vs. a history of short-lived retracements followed by new highs.Looking at the chart, support starts at 30595 tested (low 30575), above which focus stays on 31K. The level bulls do not want to see broken is 30000-30100. Price action suggests there may have been some portfolio shifts from stocks (down) into bonds (up. yields down)

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Support vs. FIBOS

So far, retreat from the record high has held dead on at 38.2% (30895). For momentum to build, there needs to be a clean break below 30916. Otherwise, downside contained and 31K remains pivotal. Note, US bond yields well off earlier highs (flatter curve) so far giving some modest support.

 

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Time for a breather?

Chart shows 50% and 61.8% FIBOS are very close to 30724 and 30594 supports, making these key levels. So far, downside has paused above 38,2%, leaving 31K as a pivotal level, above needed to cool the risk..

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Uncharted waters

Extending record high further into uncharted waters where the best guess for the next target would be 31500-32000 as long as trade is above 31000.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Unchartered waters

This time a new record intra-day high seems set to be accompanied by a new record closing high. This leaves 31K as pivotal and needing to become support for a new leg into unchartered territory where the next pivotal level is 32K.

If not, support is below the market at 30584-30725 (on this CFD chart).

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Watch 31K

Consolidating after last week’s new record high where 31K would be need to become support to signal a fr4esh push into unchartered territory.

Otherwise, more consolidation with a bid as ling as 30100-500 holds as support.

[GVI Forex 2]

Fin XU.S. STOCKS RECOVERED AS 10-YEAR TREASURY YIELDS FELL FIVE BASIS POINTS TO 5.24%, EASING PRESSURE FROM THE RECENT BOND SELLOFF, WITH THE S&P 500 UP 0.2% AND THE NASDAQ 100 GAINING 0.3%, WHILE OIL CLIMBED 2.9% TO $93.08 AMID GEOPOLITICAL RISKS…

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: Record high looms as well

Having regained 30K+ and more, anything other than a break of 30772 for a new record high would be a disappointment. Otherwise, expect support as long as 30k holds on the downside (29747 – 30340 on this CFD chart.)