[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.)

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Bid but resistance looms

Bounce from just below support has broken down momentum but would need to take out 29480-500 (on this CFD chart) to confirm and shift the risk to the layers of resistance on the upside. Currently, 29291+ is needed to keep the focus on 29500 and away from 29K.

 

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: While hope is not a trading strategy…

Bounce from above the 28804 low giving some hope for a pause that would need to take out 29480-500 to negate the downside risk.

Standing in the way are 29178 and 29291 (on this CFD chart), below which focus stays on a pivotal 29K.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Defensive but consolidating Risk still pointed down although consolidating while above 28804, which is exposed as long as trade is below 29480-500. Needs to  trade and stay above 29K to slow the risk.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Only relief so far

Getting some relief from a higher low but to break/cool current risk, move above 29480-500 would be needed.

 

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: NAS100 vs US500

Unlike US500, NAS100 broke support but with limited follow through (suggest giving NAS some leeway given its large denominator.

Similar to US500, a void of nearby supports below the low suggests using round numbers (e.g. 28K and FIBOS in case the low gives way.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Saves the day

Bounce from a double bottom around 29K saves the day but would have to trade back above 29500 to confirm a break in down momentum.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Clinging to life

Clinging to life above 28872-29000 but downside stays at risk unless 29300-500+ trades.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: On the defensive

On the defensive as well but so far pausing just above 29K. Level that bulls do not want to see broken is at 28872, below which is a big void. Back above 29300 (on this CFD chart) is needed to slow the downside risk.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: On the defensive

Turning defensive (3 blue lines) but to build momentum on the downside, 29K (29032) and 28872 (on this CFD chart) would need to be broken.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Turning defensive but…

Turning defensive after the failure to take out 29750 but for momentum to build 29K (29032 on this CFD chart) would need to be broken.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Bids after stops

Attempt to build momentum off the pause just below 29748 met with bids after stops were run rather than follow through below 29400, which is the new obstacle to exposing 29K.

Unless broken, expect more indecisive trading with the onus on the bull side to keep the downside in check as NAS100 trades more on the defensive.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Will focus shift back to 29K?

Following the pause just below 29748, NAS100 dependent on 29424 holding or focus shifts back to 29K

[GVI Forex 2]

NAS100 (NASDAQ) 1 HOUR: Limited fallout as well

Fallout from stronger NFP limited while it trades above 29452, helped by US bond yields backing off from spike highs.

Broader look: Limit on downside while 29KJ+ trades but upside limited while below key resistance at 29748, blocks putting 30K back on the radar.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Bounce off double bottom

What stands out on this (CFD) chart is a near double bottom around 28872.

For this to turn into a reversal of fortune, 29268-29521 need to be taken out.

In the meantime, downside limited as long as 29K holds.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Hope for the bulls?

A near double bottom around 28872 gives hope to the bulls but would need to break 29521 to reverse bias back to bid.