Nasdaq - Preparing for another correction!🚔Nasdaq ( TVC:NDQ ) is starting to look weak:
🔎Analysis summary:
Over the course of the past couple of months, we witnessed an incredible rally on the Nasdaq. Following this previous price action, it is quite likely that we will soon see another correction. This could start with the current retest of the channel resistance trendline.
📝Levels to watch:
$23.000
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USATEC trade ideas
Nasdaq 100 Holds Pivot Zone 23,280–23,360USNAS100 – Overview
The Nasdaq 100 reversed from the 23,045 support highlighted yesterday and is now trading above the pivot zone at 23,280–23,360.
Technical Outlook:
📈 Bullish scenario: As long as price holds above 23,280–23,360, upside momentum may extend toward 23,510 → 23,620 → 23,720. A confirmed breakout above 23,770 would strengthen the bullish trend and open the path to a new ATH near 24,090.
📉 Bearish scenario: On the downside, failure to hold above 23,280 would expose 23,045, with full bearish confirmation only if the index stabilizes below 22,990, targeting 22,720.
Key Levels:
Resistance: 23,510 – 23,620 – 23,720
Support: 23,280 – 23,045 – 22,720
NASDAQ at Record Highs after US CPI report, but can it last?In today’s video, we break down the major market moves triggered by the July US CPI report. Headline CPI rose 0.2% month-over-month—right in line with expectations and a slowdown from the previous month. Year-over-year, headline inflation came in at 2.7%, just under the 2.8% forecast, while Core CPI rose 0.3% MoM (matching forecasts) but was a bit hotter at 3.1% YoY (vs. 3.0% expected).
These “not as bad as feared” inflation numbers kept hopes alive for a September Fed rate cut, pushing the odds of a cut to 96%. Markets responded strongly: the NASDAQ 100 closed at a record high, just shy of the 24K handle, with broad gains in tech and communication stocks, as traders bet on a more dovish Fed.
We also cover the technical setup for the NASDAQ 100 and key risk factors heading into the second part of August.
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Bullish bounce off 61.8% Fibonacci support?US100 is falling towards the support level which is a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 23,289.88
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Stop loss: 22,983.03
Why we like it:
There is a multi-swing low support.
Take profit: 23,729.56
Why we like it:
There is a pullback resistance.
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NASDAQ Potential Bullish ContinuationNASDAQ price action seems to exhibit signs of potential Bullish momentum as the price action may form a credible Higher Low with multiple confluences through key Fibonacci and Support levels which presents us with a potential long opportunity.
Trade Plan:
Entry : 23250
Stop Loss : 22560
TP 0.9 - 1: 23870 - 23940
US100 SHORT FROM RESISTANCE
US100 SIGNAL
Trade Direction: short
Entry Level: 23,632.7
Target Level: 23,384.3
Stop Loss: 24,004.0
RISK PROFILE
Risk level: medium
Suggested risk: 1%
Timeframe: 9h
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US NAS100Preferably suitable for scalping and accurate as long as you watch carefully the price action with the drawn areas.
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NAS100 H4 | Heading into pullback resistanceNAS100 is rising towards the sell entry at 23,720.82, which has been identified as a pullback resistance and could reverse from this level to the downside.
Stop loss is at 23,927.51, which is a swing high resistance.
Take profit is at 23,097.53, which is a multi swing low support.
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NASDAQ - Bullish Flow into Highs
Bias: Bullish
HTF (4H Overview):
From the bird’s-eye view, structure remains bullish. Liquidity is being targeted across the 30M–4H multi-timeframe play, with strong bullish intent confirmed by volume printing to the upside.
LTF (30M / 5M Confirmation):
A proper CHoCH has been established. Once the trend shift occurs, we wait for the pullback before attending longs.
Entry Plan:
Look for entry after the courtyard liquidity is collected and demand is mitigated (slash zone).
Targets:
Initial: 5M highs
Extended: 30M highs, depending on market delivery.
Mindset Note:
Patience—let liquidity do its job before striking.
Nasdaq 100 (US100) – Short Opportunity Still AliveThe Nasdaq is still showing weakness at it's current level. There’s been more than enough time and news to push this market higher – but nothing happened. That, in itself, is a strong signal.
What we’re seeing now:
Weak jobs data: ADP and JOLTS both came in soft. Job openings hit the lowest level in nearly a year. That boosted rate-cut hopes – but the Nasdaq didn’t move.
Tech underperformance: Broader markets found some strength, but tech keeps lagging behind. Nasdaq isn’t leading like it used to – that’s bearish.
China IPO risks: New Nasdaq restrictions on Chinese listings are adding pressure to overall tech sentiment.
No follow-through: Even with dovish expectations and weak macro, bulls can’t lift the index. That says a lot.
Trade Setup (based on the chart):
Entry: between 23,480 and 23,520
Stop Loss: above 23,600 or if not high leverage even 23,720
Targets:
T1: 23,250
T2: 23,000
T3: will update depending on momentum
Why this short still makes sense:
The Nasdaq had multiple bullish triggers – weak data, Fed expectations, soft dollar – and didn’t move.
Sentiment is shaky, buyers aren’t stepping in.
Tech remains heavy while other sectors rotate.
Price is stalling right at resistance after a weak bounce.
Summary:
Plenty of chances to break out – but nothing happened. That’s a red flag.
I’m shorting between 23,480 and 23,520, with targets at 23,250 and 23,000.
Setup is invalid if we break cleanly above 23,720.
No financial advice – just how I see the chart right now.
Potential Buy Zone for NAS100Trade what you see and not what you feel. This is what I see. There is a demand zone on 15 min which has not been balanced. There is also another demand zone below that one on 1hr time frame that has also not been balanced. Will wait for the market to retrace to the demand zone and if I get proper indications of going long on smaller TF I will take the long. I have a feeling though that the market might go to the lower demand zone because there is a potential formation of a H&S pattern forming. So, stop losses will be tight if I enter on the 15 min demand zone.
Potential move based on ICT analysis for US100Agree or Disagree? Saw a lot of liquidity that the markets did not take out (1H SL). Break out of DAILY bullish trendline and the selling opportunity is starting to enter the room. This was not a fundamental analysis, so anything that goes against this analysis, is all independent on what happens in economic news
USNAS100 remains in a consolidation phase with a downside biasThe USNAS100 remains in a consolidation phase with a downside bias, following a slight price slip on Friday, as traders turned cautious ahead of the PCE inflation report — the Fed’s preferred gauge for inflation This Personal Consumption Expenditures (PCE) report, due pre-market, is highly anticipated and may play a pivotal role in shaping the Federal Reserve's September rate decision.
Price action remains below key resistance levels As long as the index fails to break above resistance, the bias remains bearish A downside break from consolidation could target 22,540 in the short term.
You may find more details in the chart.
Trade wisely best of Luck,
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