[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Near double bottom

Trend: Short-term down      Momentum: Down but holding support

Support Pause just above 28872 so far checking the downside. This gives some hope to the bull side that would at least need to regain 29262 to dent down momentum.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: Hanging by a thread

Trend: Turning down?   Momentum: Consolidating with negative tilt

Support hanging by a thread with a pause just above 28944. For down momentum to take over, both 28944 and 28672 (on this CFD chart) would need to be broken.

[GVI Forex 2]

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.

[GVI Forex 2]

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.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR: 30K pm the radar?

Trend: Turning up?    Momentum: Short-term Up

To put 30K on the radar and confirm a fresh uptrend, 20600=67- (currently being tested) needs to be firmly taken out . Keeps its bid while above 29337.

[GVI Forex 2]

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.

[GVI Forex 2]

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  (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.

 

[GVI Forex 2]

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  (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.

 

[GVI Forex 2]

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;.

[GVI Forex 2]

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.

[GVI Forex 2]

NAS100 (NASDAQ) DAILY:  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.

 

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE: Hanging on by its fingernails

Trend: Up retracing          Momentum: Short-term down

I have been citing 29110 as key support all week and the pause just above it (29112) confirms it as the key level.

[GVI Forex 2]

NAS100 (NASDAQ) UPDATE: Still barely clinging to support

Trend: Up retracing

Momentum: Short term down

Momentum trying to build on the downside but still kept in check as long as 29110 support holds (low 29116)

You can see by this chart why 29110 is key support with a void below it.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR –Clinging to support

Trend: Up retracing

Momentum: Short term down

Momentum building a step more to the downside, which is still in check as long as 29110 support holds (use 29000 as a fallback).

On the upside, it would take a move back above 29670 to reverse the risk.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR –Saved by the bonds

Trend: Hope for an uptrend stalled

Momentum: Consolidation while within 29K-30K

NAS100 so far holding off the downside with a pause above 29110, helped by the Treasury action ion long term bonds.

On the upside, back above 28670 and the trendline are needed to shift focus back to 30K.

[Belgrade Bobby]

Nasdaq 100 Index – NDX Technicals

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR – Holding above support

Trend: So far a retracement

Momentum: Consolidation if within 29-30K

NAS100 getting a reprieve as well but the spike (20670) and quick retreat leaves it dependent on 29110-330 holding to keep the downside in check with a bid while above the upper end of the support band.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR – Clinging to support

Momentum: Up broken

Disappointing run to the upside after failing to test 30340 and hold above.30K+

Meanwhile, break of 29923 negates up momentum and leaves it dependent on 29000/110-29400 holding to keep the downside in check or face further risk on downside.

[GVI Forex 2]

Newsquawk US Market Wrap: Stocks sold as tech weakness drags Nasdaq lower

SNAPSHOT: Equities down, Treasuries flatten, Crude up, Dollar up, Gold down

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

Newsquawk US Market Wrap: Stocks sold as tech weakness drags Nasdaq lower

SNAPSHOT: Equities down, Treasuries flatten, Crude up, Dollar up, Gold down

(Right click on any image (or chart) to open a full screen in a new tab)

Source: Try Newsquawk free for 7 days

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR – Supports cited

Trend: Broken or retracing?

Momentum: Up broken

Failure to hold 30K+ followed by the break of 29923 negates up momentum and makes it dependent on 29110-29418 (on this CFD chart) holding to keep the downside in check.

[GVI Forex 2]

NAS100 (NASDAQ) 1 HOUR: Battle for 30K

Trend: Short-term up

Momentum: Struggling above 30K

Failure so far to test/break 30340 has capped the upside and left it dependent on 29925 holding to keep the focus on 30K.

[GVI Forex 2]

NAS100 (NASDAQ) 1 HOUR: Obstacle remains

Clinging to its strong bid above 30K with support at 30091 (just nicked) trying to protect it. Fallback support is at 29925, which needs toi hold to keep focus pointed at 30K..

On the upside, still facing an obstacle to the record 30776 at 30340.

[GVI Forex 2]

NAS100 (NASDAQ) 1 HOUR: Bad combination?

Trend: UP

Momentum: UP but so far 30K+ stalls

Weaker US data + higher yields a bad combination and a weight keeping a cap on the upside.

Now dependent to stay above 29900-925 to keep 30K as the focus

Updated chyart at the close: Closing jusy above 30K

 

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: One obstacle to the record high

Trend: UP      Momentum: UP

So far unable to shake a focus from 30K but keeps strong bid while above it  (fallback support 29K-30K). Otherwise, still needs to clear out 30340 to put the record 30776 high on the radar.

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: Record high back in play?

Trend: UP    Momentum: UP

Record high (30776) back in play while 29915-30000 holds as support with only one obstacle, 30340, standing in the way of putting it on the radar.

[GVI Forex 2]

NAS100 (NASDAQ) DAILY: Obstacles to the record high

Trend: UP Momentum: UP

Two obstacles stand in the way of the record high on this chart 1) 30340 resistance 2) 29900-30000 needs to become support. Stronger bid eyeing the record high if 30K becomes support.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR Keeping a bid

Trend  Short-Term up

Momentum: Trying to build momentum

Keeping a bid following CPI with some relief it came in as expected.

No change to a bid bias while above 29K, stronger if above 29500 with 30K still the obstacle to building further momentum.

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOUR  Glass half empty or half filled?

Trend  Short-Term up

Momentum: Consolidating ahead of US CPI

Glass half full: Maintaining a bid while above 29K that keeps 30K on the radar.

Glass half empty: Failure so far to not only test 30K but not confirm other indices with a new record high (30776).

[GVI Forex 2]

NAS100 (NASDAQ) 4 HOIUR : New day, same wide range

Trend  Short-Term up

Momentum: Consolidating in a narrowing range

Narrowing range within 29-30K seems too tight to last but while it does, upside contained unless 30K+ while downside finds a bid as long as it stays above 29K.