-
Search Results
-
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.
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.
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.
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.
NAS100 (NASDAQ) 4 HOUR: On the defensive but above supports
Trend: Up stalled    Momentum: Consolidating
Still consolidating but break of 29221 puts it more on the defensive and 29K on the radar.
Key supports at 29036, 28984 and 28694 need to hold to keep momentum from building and the downside contained. On the upside, moves likely contained unless 29500+ starts to trade.
NAS100 (NASDAQ) 4 HOUR: Month end
Trend: Up stalled
Momentum: Consolidating with a downward tilt
Consolidating so far in a tight range at month end after Friday’s whipsaw where a move below 29221 and then 29K would be needed for down momentum to build.
Otherwise, consolidation while within 29-30K.
NAS100 (NASDAQ) 4 HOUR: 30K not yet back on the radar?
Trend: Looking to confirm an up   Momentum: Down broken
NAS100 building off higher lows (red lines) pointed out this week but has to take out 29600-670 on this (CFD) chart to put bulls in control and 30K back on the map.
Keeps a bid while above 29344.
NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia
Trend: Longer-term consolidating
Momentum: Short-term down slowed
Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670 Â (on this CFD chart) to shift the focus back to 30K.
Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.
NAS100 (NASDAQ) 4 HOUR: Waiting for Nvidia
Trend: Longer-term consolidating
Momentum: Short-term down slowed
Trying to build on its higher low (28944) that would need to take out 29450 and then 29600-670 Â (on this CFD chart) to shift the focus back to 30K.
Otherwise, wait is on for Nvidia earnings after the close and likely to hold a bid while aboive 29K trades.
NAS100 (NASDAQ) 4 HOUR: 29K still pivotal
Trend: Longer-term consolidating  Momentum: Short-term down slowed
Support below 29K and a higher low giving hope to the bull side as they try to hang in ahead of Nvidia earnings tomorrow. However, it has not gone far enough to shake a focus from 29K although downside momentum is cooled while above 28944 On the upside, would need to take out 29450 (on this CFD chart) to put bulls back in control;.
NAS100 (NASDAQ) 4 HOUR: 29K now p[ivotal
Trend: Uptrend stalled   Momentum: Short-term down
Having broken 29K, this level; now becomes pivotal in dictating whether the range shifts to 28-29K, goes back to 29-30K, or compromises at 28.5-29.5K.
New low at 28870 blocks momentum building further while back above 29200—450 would be needed to negate the risk.
NAS100 (NASDAQ) DAILY:Â Support broken but briefly
Trend: Uptrend stalled   Momentum: Short-term down
29110 finally (briefly) broken but to confirm, 29000 would need to be firmly taken out as well. Otherwise, still hope for the bulls that the move down can be contained as a retracement. Otherwise, as this chart shows there is a big void on the downside. Looking ahead, bulls hoping Nvidia earnings at mid-week will throw tech a lifeline.
