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US100 - Bullish trajectory to fill the inbalance zones!Over the past week, the US Tech 100 (US100) experienced a sharp decline, dropping into a significant support zone. During this bearish move, several fair value gaps (FVGs) formed on both the 4-hour and 1-hour timeframes, which remain unfilled. Currently, price action is retracing upward, aiming to fill these imbalances. The structure of the market suggests that both bullish and bearish scenarios are in play, depending on how price reacts to key levels marked by these FVGs and Fibonacci retracement zones. Bearish Resistance The first major area of resistance is located around the $23,160 level, which has just been tapped. This zone presents a strong potential turning point due to the confluence of a 1-hour and a 4-hour fair value gap, which perfectly align with the 0.618–0.65 Fibonacci retracement level, also known as the golden pocket. This cluster of technical signals increases the probability that this level will act as a strong supply zone, potentially initiating a rejection back toward the lower support area. Bullish Support On the downside, a key level to watch is around $22,900. This zone marks a 4-hour FVG that was formed during the recent upward move. Importantly, this area also coincides with the golden pocket from that very same leg up, offering a compelling confluence for bullish support. If price revisits this level, it may act as a strong demand zone, providing a springboard for the next leg higher, particularly if buyers step in aggressively to defend it. Bullish Trajectory If support at $22,900 holds, the bullish trajectory suggests a possible continuation toward the $23,400 region. This upper target contains a large overlapping 1-hour and 4-hour FVG that remains unfilled. Historically, price tends to revisit and fill such imbalances before choosing a definitive direction. A bounce from the lower support zone and a successful break of the $23,160 resistance could pave the way for a clean move toward this higher target, completing the FVG fill sequence. Final Thoughts The US100 is currently navigating a key technical crossroads. With multiple unfilled fair value gaps and well-aligned Fibonacci levels on both the upside and downside, the next few sessions will be critical in determining short-term direction. If the $23,160 resistance continues to hold, a pullback to $22,900 could offer a high-probability long setup, while a clean break above this resistance opens the door to filling the higher FVGs. ------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Thanks for your support. If you enjoyed this analysis, make sure to follow me so you don't miss the next one. And if you found it helpful, feel free to drop a like 👍 and leave a comment 💬, I’d love to hear your thoughts!
TRADENATION:USTECLong
by Youriverse
46
USNAS100 Gains on Tariff Exemption Hopes – 23690 in SightUSNAS100 – Market Overview Tech shares lift Wall St futures on tariff exemption hopes U.S. stock index futures rose on Thursday as optimism grows that major tech companies may be exempt from President Trump’s latest tariffs on chip imports, supporting continued strength in the tech sector. Technical Outlook USNAS100 has gained nearly +400 points since yesterday, maintaining strong bullish momentum. As long as the price holds above 23440, the uptrend is expected to continue toward 23690, with potential to extend to 23870. However, a 1H close below 23440 would suggest weakening momentum and could trigger a correction toward 23295. Resistance: 23690 – 23870 Support: 23295 – 23045
OANDA:NAS100USDLong
by SroshMayi
Trade The Trend – Quick Guide In 5 StepsWhat is Trading the Trend? Trading the trend means buying when the market is going up, and selling when it’s going down. You're following the direction of the market, not fighting it. If the trend is up: Price makes higher highs and higher lows You look for chances to buy (go long) If the trend is down: Price makes lower highs and lower lows You look for chances to sell (go short) Why it works: You’re going with momentum Simple rule: Buy in an uptrend, sell in a downtrend — never trade against the flow 1. Assess the chart. Where is it headed? It's headed up. 2. Place your trend line by connecting the first two points. 3. Let the chart play out for a bit. Afterwards prepare your entry on previous failed trend line retest. Set your stop loss below the previous trend line retest, and your TP just before the previous sweep above. 4. Proceed to let the chart play out, then set your pending order. 5. Watch the Trade enter and play out with patience. This method works for bearish trends as well, just reversed. If you would like to see more 5 step guides, comment down below. Thank you!
Education
by King_BennyBag
17
Nasdaq Eyes Record Highs Once AginNasdaq faces pressure as it trades below the trendline connecting the consecutive higher lows from April 2025. However, the latest decline rebounded from strong support at 22,700. Price action has reclaimed the 23,000 and 23,400 levels, suggesting a potential shift in tone. A clean close above 23,500 is likely needed to push the index toward new highs above 23,700. From there, price may either pull back or continue an extended rally toward 24,000 and 24,400. On the downside, if price falls back below 22,700, the risk increases for a move toward the previous key peaks from 2025 near 22,400 and 22,200. - Written by Razan Hilal, CMT
FOREXCOM:NAS100
by FOREXcom
Nasdaq 100: Institutional Move Toward 22,680 Unfolding📊 Nasdaq 100 Smart Money Breakdown Current Price: 22,103 Target Price: 22,680 🔼 Upside Potential: +577 points The market is currently positioned for a premium retracement move after a recent liquidity sweep below short-term equal lows, which likely triggered sell-side liquidity. This setup hints at Smart Money Accumulation, with institutions entering long positions at discount pricing. We're now seeing: ✅ Break of Structure (BOS) to the Downside ✅ Internal liquidity sweep ✅ Price reacting from a discounted OB (Order Block) ✅ Potential drive toward the next liquidity pool sitting above the 22,680 level. This move aligns with a bullish market structure shift, suggesting Smart Money is engineering price higher to target buy-side liquidity above recent highs. 🎯 Target: 22,680 – a key liquidity area where Smart Money may look to offload positions.
PEPPERSTONE:NAS100Short
by Rizwan-Ali
7
Support & Resistance – Quick Guide In 5 StepsSupport and resistance are key concepts in technical analysis that help traders identify where price is likely to react. Support acts like a floor — a level where buying interest is strong enough to prevent further declines. Resistance acts like a ceiling — a level where selling pressure can stop price from rising. These zones often lead to bounces, reversals, or breakouts, and are used to plan entries, exits, and stop-losses. How to Identify them: 1. Assess the chart. 2. Identify Swing Points: Look for repeated highs/lows and label them. (Flags) 3. Multiple touches: Highlight the zones with multiple touches. 2+ Touches are stronger. 4. Define: Clearly define the zones. Above is resistance, below is support. 5. Entry: When price makes it way down to support, wait for the reversal. Upon reversal enter on the low time confirmation. Ensure price has failed to break below the support. Then set TP to the previous High/Resistance zone. Tips: Always treat S&R as zones, not exact lines. Combine with trend, candlestick patterns, or volume for better confluences. Avoid trading into strong S/R — wait for breaks or retests.
Education
by King_BennyBag
34
Market Gains on Fed Optimism – Will 23440 Be Reached?Wall Street Edges Up Amid Fed Rate Cut Optimism; Earnings in Focus U.S. stock indices rose on Wednesday, supported by growing expectations of Federal Reserve rate cuts later this year. Investors are also closely monitoring a fresh wave of corporate earnings, which continues to influence sentiment. Technical Outlook The price is currently holding above the key pivot level at 23045. As long as it remains above this level, bullish momentum is expected to continue toward 23180 and 23295. A confirmed breakout above 23295 would likely extend the rally toward 23440. ⚠️ On the other hand, a 1H close below 23045 would shift momentum to bearish, targeting 22870 and possibly 22725. 🔹 Resistance Levels: 23180, 23295, 23440 🔹 Support Levels: 22870, 22725
OANDA:NAS100USDShort
by SroshMayi
BCH May Be The Next MYX - 5-10x Coin TL;DR – BCH is lining up a classic supply-shock + utility-boom setup. Halving has already cut new coins 50 %, while CashTokens + May-25 upgrade unlock real smart-contract demand. Fees are still < $0.01 so merchants keep onboarding, and Wall-Street-backed EDX just gave institutions a clean on-ramp. With on-chain volume at multi-year highs and regulatory clouds clearing (CLARITY Act), even a modest uptick in adoption can squeeze a float that’s shrinking fast. Add it up and the 10 factors below paint a clear path for BCH to re-rate well beyond current levels. Post-halving supply squeeze – The 2 April 2024 halving cut block rewards 50 % to 3.125 BCH, slashing new supply while demand stays constant. May 2025 protocol upgrade – Adds VM Limits & BigInt, letting devs deploy more complex smart-contracts directly on BCH. CashTokens layer live – Since May 2023, anyone can mint fungible tokens & NFTs; 26 000+ tokens launched in the first 24 h. Institutional on-ramp via EDX Markets – Wall-Street-backed exchange lists BCH next to BTC & ETH, unlocking RIA and pension flows. Ultra-low fees (< US $0.01) & 32 MB blocks – Makes BCH practical for point-of-sale payments while BTC fees hover near US $2. Growing merchant footprint – BCH ranks #4 on Crypwerk; BitPay shows alt-coin check-outs (inc. BCH) now 36 % of crypto payments. On-chain activity surging – Daily tx count ~53 k; social buzz has pushed BCH to new 2025 highs, signaling fresh interest. Regulatory clarity coming (CLARITY Act 2025) – Likely to classify many tokens as commodities, reducing U.S. legal overhang. Re-rating potential – Still 60 % below 2021 high; a modest multiple expansion on revived fundamentals could move price sharply. Positive momentum & analyst targets – After reclaiming US $600, several desks now project a move toward US $1 000 this cycle. Marty Boots | 17-Year Trader — smash that 👍👍, hit LIKE & SUBSCRIBE, and share your views in the comments below so we can make better trades & grow together!
BINANCE:BCHUSD.PLong
by MartyBoots
26
US indices paused as fragile macro data undermined recent gains US equity gains paused amid President Trump’s renewed tariff threats and weakening economic data. Trump warned of steep tariff hikes on India and a potential 35% levy on the EU if obligations are not met. Meanwhile, the US July Services PMI fell from 50.8 to 50.1, missing the 51.5 consensus. New orders dropped to 50.3, while employment declined to 46.4—the lowest since March. USTEC briefly tested 23300 before breaking below both EMAs. The widening gap between EMA21 and EMA78 suggests a potential shift toward bearish momentum. If USTEC fails to break above the resistance at 23300, the index could decline further toward 22700. Conversely, if USTEC breaks above both EMAs and 23300, the index may gain bullish traction toward 23700.
ICMARKETS:USTEC
by inkicho_exness
BTC - Short Setup at 0.702 Fibonacci & Fair Value GapMarket Context Bitcoin recently rejected from a major resistance area and has since been retracing downward, finding temporary support inside a bullish Fair Value Gap. The market is currently in a corrective phase, with buyers attempting to defend lower levels while sellers look for optimal positions to reload shorts. This environment shows a classic tug-of-war between these two forces as price moves between supply and demand zones. Consolidation and Current Phase Although the prior consolidation has been broken, the current price action can still be described as corrective, with intraday structure forming lower highs. The bullish Fair Value Gap beneath price has been respected so far, creating a temporary base. However, the path remains complex, as the market has unfilled imbalances both above and below. Bearish Retest Scenario One key scenario involves a retracement toward the bearish Fair Value Gap near 117K, which also aligns with the 0.702 Fibonacci retracement level. This confluence makes it a high-probability area for sellers to step in again. A rejection from that zone would likely resume the downtrend, with the next logical target being the deeper unfilled bullish Fair Value Gap around 110K. This zone acts as a magnet for price due to the inefficiency left behind during the last rally. Bullish Defense Scenario For bulls to regain control, the current Fair Value Gap at 114K must hold, followed by a strong move that invalidates the lower-high structure. Such a move would need to break above the 117K bearish FVG with conviction. Only then could momentum shift back to the upside, opening the door for another challenge of the higher resistance zones. Final Words Patience and precision are key when dealing with setups like this. Let the market come to your level — and react with intent. If you found this breakdown helpful, a like is much appreciated! Let me know in the comments what you think or if you’re watching the same zones.
Short
by Louigi_24
137
NAS100 Trade Idea: Liquidity Sweep & Bullish Reversal Potential📊 NASDAQ 100 (NAS100) Trade Outlook 📈 The NASDAQ 100 is holding a strong bullish trend on the higher timeframes 🟢. However, we’re currently seeing a notable pullback into a key support zone ⚠️ — price has dipped beneath previous lows, tapping into what appears to be an institutional accumulation range 🏦. This move is likely targeting the liquidity resting below those lows 💧, where sell stops are positioned. Price is also reacting off a significant bullish order block 🧱 — a confluence area that could produce a strong reversal. 🎯 What to look for next: Wait for a bullish break in market structure 🔁 to confirm a potential entry. If that occurs, consider a long setup with your stop loss below the swing low 🛑 and a 1:2 risk-to-reward target 🎯. 🚫 This is for educational purposes only and not financial advice.
PEPPERSTONE:NAS100Long
by fxtraderanthony
5
Technical Analysis Forecast for NAS100Open Price: 23242.3 (UTC+4) 1. Japanese Candlestick Analysis 4H/1H: Price opened at 23242.3 near resistance (23250–23300). Recent candles show bearish harami (4H) and dark cloud cover (1H), signaling rejection. 30M/15M: Gravestone doji at 23242.3 and three black crows indicate strong bearish momentum. 5M: Shooting star formation suggests exhaustion. Failure to close above 23250 confirms weakness. Outlook: Bearish reversal likely if 23200 breaks. 2. Harmonic Patterns 4H/1H: Bearish Butterfly Pattern completing at 23242.3 (D-point). PRZ: 23240–23250 (confluence of 127.2% XA and 161.8% BC). Fibonacci Ratios: AB=CD symmetry (23240–23250). 30M: Bullish Crab forming at 23100, but secondary to larger bearish setup. Outlook: High-probability short entry at 23240–23250 with target 23000. 3. Elliott Wave Theory 4H: Wave 5 of impulse cycle peaked at 23242.3. Structure: Completed 5-wave sequence from 22800 → 23242.3. Corrective Phase: ABC pullback targeting 23000 (Wave A) and 22850 (Wave C). 1H: Sub-wave (v) of 5 ending at 23242.3. RSI divergence confirms exhaustion. Outlook: Bearish correction to 22850–23000 within 24 hours. 4. Wyckoff Theory Phase: Distribution (after markup from 22800 → 23242.3). Signs: High volume at 23242.3 (supply), upthrust above 23300 failed. Schematic: Phase C (markdown) initiating. 1H/30M: Spring at 23200 failed to hold, indicating weak demand. Outlook: Break below 23200 triggers markdown to 23000. 5. W.D. Gann Theory Time Theory 24H Cycle: Key reversal windows: UTC+4: 08:00–10:00 (resistance test), 14:00–16:00 (trend reversal). Square of 9: 23242.3 aligns with 0° angle (resistance). Square of 9 23242.3 → Resistance Angles: 0° (23250), 90° (23350), 180° (23450). Support: 45° (23000), 315° (22850). Price Forecast: Reversal at 23250 (0° angle). Angle Theory 4H Chart: 1x1 Gann Angle (45°) from 22800 low at 23000. Price above angle = bullish, but overextended. 1H Chart: 2x1 Angle (63.75°) at 23242.3 acting as resistance. Squaring of Price & Time Price Range: 22800 → 23242.3 (442.3 points). Time Squaring: 442.3 hours from 22800 low → 23250 resistance (442.3 points ≈ 442.3 hours). Harmony: 23242.3 = Time Cycle Peak (24H from open). Ranges in Harmony Primary Range: 22800–23500 (700 points). 50% Retracement: 23150 (support). 61.8% Retracement: 23000 (critical support). Secondary Range: 23000–23300 (300 points). Key Levels: 23150 (50%), 23000 (61.8%). Price & Time Forecasting Price Targets: Short-Term: 23000 (61.8% Fib, Gann 45° angle). Extension: 22850 (100% of prior correction). Time Targets: First Reversal: 8–12 hours from open (UTC+4 12:00–16:00). Second Reversal: 20–24 hours (UTC+4 00:00–04:00 next day). Synthesized 24H Forecast Bearish Scenario (High Probability) Trigger: Break below 23200 (confirmed by 1H/30M close). Targets: T1: 23000 (61.8% Fib, Gann 45° angle). T2: 22850 (Wyckoff markdown, Elliott Wave C). Timeline: 8–12H: Drop to 23000 (UTC+4 12:00–16:00). 20–24H: Test 22850 (UTC+4 00:00–04:00 next day). Confirmation: RSI <50 on 1H, volume spike >25% average. Bullish Scenario (Low Probability) Trigger: Sustained close above 23300 (Gann 0° angle). Targets: 23350 (90° angle), 23450 (180° angle). Timeline: 12–16 hours (if 23300 breaks).
PEPPERSTONE:NAS100
by sunya
Is the NASDAQ Vault Open for a Full Bullish Heist?🧠 NASDAQ Heist Masterplan: Thieves Eye on 24,500 🎯💰 🚨 Asset: NASDAQ100 / US100 / NDX 📊 Plan: Bullish | 🔁 Layering Strategy 🎯 Target: 24,500 🛑 Stop Loss: 22,600 📍 Entry: Any level – the vault’s wide open! 💼 Thief Trader's NASDAQ High-Stakes Robbery Is LIVE! 🤑📈 Welcome, money bandits & market looters! 💼💰 The time has come to launch a full-scale bullish raid on the NASDAQ fortress. We’re not just taking entries — we’re stacking them like a pro with our layered limit order strategy across swing zones. 🔫📉➡️📈 🔓 Entry: Pick any price! We break in anytime, anywhere. 🔁 Stack your buy limits on 15m–30m swing lows. 🔔 Set your alerts – don’t let the opportunity slip. 🛑 Stop Loss: Guard your loot at 22,600. Risk management is the bulletproof vest in this raid. 🎯 Adjust your SL based on lot size and order volume. 📏🔐 🎯 Profit Target: Thieves retreat at 24,500. But hey – smart robbers use trailing SL to squeeze every last drop of gold! 🏆💸 💡 Scalpers & Swingers: Stick to the long side only. If your pockets are deep – full-send mode ON. If not, tag along with swing entries. Patience pays big! 💎⏳ 📢 Heads Up, Heist Crew: News drops = landmines. Step carefully. 🚷 No new entries during major announcements. 🛡️ Use trailing SL to defend your profit bags. 🚨 Daily Reminder: This market isn’t a playground. It’s a battlefield. Use COT data, macro reports, sentiment scans, and index-specific triggers to fortify your robbery blueprint. Stay smart, stay updated! 📊🧠 💥 Boost Our Loot Crew 💥 Hit that LIKE ❤️ to support the Thief Army! Stronger visibility = Bigger Loots = More Victory Runs. See you at the next robbery – we move in silence, but the market hears us loud! 🐱‍👤💸🔥🚀
OANDA:NAS100USDLong
by The-Thief
NAS100 - Stock Market Heading Down?!The index is trading in its medium-term ascending channel on the four-hour timeframe between the EMA200 and EMA50. However, if the index corrects upward towards the specified supply zone, it is possible to sell Nasdaq with better risk-reward. In recent days and weeks, the Nasdaq Composite Index once again approached its historic highs, even setting a new all-time record. However, following the latest jobs data and the Federal Reserve meeting, the index experienced a price correction. Unlike many previous bullish phases that were driven largely by short-term momentum or emotional reactions, the current upward trend in the Nasdaq reflects structural maturity and market stabilization. Institutional capital inflows and strong corporate earnings have together painted a picture of a more stable and predictable future for this index. According to recent financial data, U.S. equity funds received over $6.3 billion in net inflows during the final week of July—marking the first positive inflow after three consecutive weeks of outflows. The key engine behind this growth continues to be the robust performance of tech companies. Firms such as Meta, Microsoft, and AI-oriented companies like Nvidia and Broadcom posted exceptionally strong earnings reports. These results not only exceeded analysts’ expectations but also fueled significant gains in their stock prices, contributing to the Nasdaq’s momentum. Despite some sector-specific concerns—for instance, regarding Qualcomm in the semiconductor space—the broader tech sector has sustained its upward trajectory and even extended that momentum to adjacent industries, especially those involved in cloud and AI supply chains. Meanwhile, advisors to Donald Trump revealed that he plans sweeping reforms at the U.S. Bureau of Labor Statistics (BLS). This announcement followed the July jobs report, which showed only 73,000 new jobs and sharp downward revisions to prior months’ figures. On Truth Social, Trump accused the current BLS Commissioner, Erica McEnturfer, of politically manipulating employment data and ordered her immediate removal. Secretary of Labor Lori Chavez-DeRemer subsequently announced that Deputy Commissioner William Witrofsky would serve as acting head. Trump emphasized that economic data must be accurate, impartial, and trustworthy—and not politically skewed. Following this leadership change, a broader debate has emerged around how employment statistics are collected and reported. While statistical revisions have long been a routine, non-political process since 1979, there are now growing questions about whether a better system for gathering and publishing this critical data could be developed. As a nonpartisan branch of the Department of Labor, the BLS publishes its monthly employment report at 8:30 AM Eastern on the first Friday of each month. The data is gathered from surveys of around 629,000 business establishments. Analysts have cited several reasons for the frequent need for revisions: • Late responses from firms • Delays from large corporations that distort preliminary figures • Recalculations due to seasonal adjustments (e.g., holidays or weather) • Demographic shifts impacted by immigration or deportation • Annual revisions based on finalized tax records With a relatively light economic calendar in the U.S. this week, traders have turned their focus to the latest developments in trade negotiations—particularly talks with countries that have yet to finalize trade agreements with Washington. Although the U.S. has reached deals with key partners including the UK, EU, Japan, and South Korea, no formal agreement has yet been made with China to extend the current trade truce, which is set to expire on August 12. The new U.S. tariff plan proposes a baseline 10% rate for most countries, but some—like India and Switzerland—face much higher rates of 25% and 39%, respectively. However, since implementation of the tariffs has been postponed until August 7, there’s still time for further negotiations and possible rate reductions. Sources close to the White House suggest the administration is eager to continue talks. What’s now becoming clear is the sheer magnitude of the proposed tariff shifts—far beyond pre-trade-war averages. These changes could have more severe consequences than previously estimated, potentially pushing up U.S. inflation while simultaneously threatening global growth. As such, markets may be entering a fresh wave of volatility. Compounding these concerns is the U.S. Treasury’s upcoming bond issuance schedule, which could add to market instability. Also on the radar is the ISM Services PMI for July, due Tuesday. Its results will be closely watched for signs on the U.S. dollar’s direction and the Fed’s potential actions at its September meeting. Notably, as of July 18, 2025, the widely-followed Buffett Indicator—measuring the ratio of market capitalization to GDP—was 2.3 standard deviations above its historical average. This level surpasses even the dot-com bubble era of the early 2000s. The indicator is now firmly in the “overvalued” zone, which often precedes market corrections or even crashes. For context, during the 2008 financial crisis, it was roughly 1.5 standard deviations below the historical norm.
CAPITALCOM:US100Short
by Ali_PSND
E-Mini Nasdaq Futures Markets Close at a Major Inflection PointAs the new month begins, the market just closed right at last year’s high, a critical level that could act as either resistance or new support. These return-to-origin zones aren’t random. They often mark key decision points for institutional capital. The question now: Does this level hold as a launchpad, or does it reject? What to watch : VIX curve: contango or hedging pressure? Bond market: confirming risk-on or signaling caution? Breadth: is this rally broadening or narrowing? No need to predict. Let price and flow do the talking. See you on the inside. CME_MINI:NQ1!
CME_MINI:NQ1!
by ChastonMatta
NASDAQ: Bears In Control! Sell it!Welcome back to the Weekly Forex Forecast for the week of Aug 4 - 8th. In this video, we will analyze the following FX market: NASDAQ (NQ1!) NAS100 The NAS 100 was weakened by bad job numbers, mixed earnings reports, and tariff wars. In the short term, it is bearish. Sell it down to the Weekly/daily +FVG for high probability buys from those levels. Buying at current levels is not advised. Wait for a valid market structure shift to the upside before going long. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
FX:NAS100Short
by RT_Money
NASDAQ at Key Turning Point 🔍Technical Context After testing the 23,600–23,800 supply zone, price printed a strong bearish rejection with a weekly engulfing candle. The RSI broke decisively below the midline, signaling a clear loss of momentum. Price is now trading back within the weekly demand zone between 22,800 and 22,950. If a pullback toward 23,200 occurs, it could offer a fresh short opportunity, with downside targets around 22,600. 🪙 COT Report – July 29 Non-Commercials (speculators): Long: +8,581 Short: +4,355 Commercials (hedging): Long: +4,955 Short: +8,556 The market remains net long, but commercials are increasingly hedging with shorts. The current imbalance — 88.6% long vs 11.3% short — suggests excessive bullish positioning, raising the risk of a correction. 🗓️ Seasonality – August August is historically strong for the NASDAQ: +222 pts (10Y) +400 pts (5Y) +912 pts (2Y) While the trend is clearly bullish seasonally, caution is warranted: Tops are often formed during the first half of August, followed by more pronounced corrections in September. 📉 Operational Summary Primary scenario: Wait for a retest of the 23,200–23,250 area Look for rejection signals → enter short Target 1: 22,800 Target 2: 22,600 Alternatively: If 22,800 breaks on a strong weekly close, deeper downside scenarios may unfold.
CME_MINI:NQ1!Short
by EdgeTradingJourney
5