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Nasdaq-100 Wave Analysis – 29 October 2025
- Nasdaq-100 broke resistance area
- Likely to rise to resistance level 27000.00
Nasdaq-100 index recently broke the resistance area between the resistance level 26000.00 and the resistance trendline of the extended daily up channel from May.
The breakout of this resistance area accelerated the active short-term impulse wave iii of the impulse wave 5 from the start of Septembers.
	
Given the strong daily uptrend and rising daily Momentum, Nasdaq-100 index can be expected to rise to the next resistance level 27000.00 (target price for the completion of the active impulse wave iii).
NSDQ100 bullish breakout ahead of tech earningsGlobal equities largely consolidated over the past 24 hours, but US tech stocks extended their strong run, propelling the Nasdaq 100 to another record close. The Nasdaq gained +0.80%, outpacing broader benchmarks as AI-related enthusiasm and mega-cap momentum continued to dominate trading.
Market Highlights
Narrow Leadership: Despite the Nasdaq’s gains, market breadth was strikingly thin. Only 104 S&P 500 constituents advanced—the fewest on any up day since at least 1990—underscoring how dependent recent rallies have become on large-cap tech strength.
AI Momentum:
Nvidia (+4.98%) led the charge after CEO Jensen Huang unveiled multiple new partnerships (Uber, Palantir, Crowdstrike), a $1bn investment in Nokia, and plans to connect quantum computing with Nvidia AI chips. Nokia surged nearly 21% to its highest level in a decade.
Microsoft (+1.98%) jumped after revealing a 27% stake in OpenAI, alongside a massive $250bn Azure services commitment from OpenAI, lifting Microsoft’s market cap back above $4 trillion.
PayPal (+3.94%) rallied after an earnings upgrade and a new partnership with OpenAI.
Amazon (+1.00%) advanced despite announcing plans to cut 14,000 corporate roles to streamline operations.
Magnificent 7: The group gained +1.27%, setting fresh highs, with investors rotating further into AI leaders ahead of tonight’s Microsoft, Alphabet, and Meta earnings.
Macro & Outlook
All eyes now turn to the Federal Reserve’s policy decision later today, where a 25bps rate cut is fully priced in. Market participants will parse Chair Powell’s comments for guidance on the pace of future easing and any mention of lingering inflation or financial conditions.
Volatility may rise post-Fed, with the Nasdaq 100 particularly sensitive to any shifts in rate expectations and tonight’s mega-cap tech earnings.
Takeaway
Momentum in the Nasdaq 100 remains intact but increasingly narrow, driven by AI exuberance and corporate partnerships rather than broad-based earnings strength. A dovish Fed and upbeat results from Microsoft, Alphabet, or Meta could reinforce upside momentum—but any disappointment may trigger a sharp reaction given stretched positioning.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
Bullish channel breakout on USTEC, potential for further gains? USTEC rose to fresh highs as AI demand and strong semiconductor orders bolstered investor sentiment.
SK Hynix customers have secured its entire memory chip lineup for 2026, reinforcing confidence in tech earnings momentum. Attention now turns to upcoming earnings from Big Tech to gauge the sustainability of the USTEC's rally.
From a technical perspective, USTEC broke out of the ascending channel's upper bound at 26000. If the index sustains its bullish momentum above the 26000 threshold, the price could gain upward momentum toward the 127.2% Fibonacci Extension and resistance at 27200. Conversely, if USTEC returns within the channel and 26000 threshold, the index may retest the support at 25200. 
By Li Xing Gan, Financial Markets Strategist Consultant to Exness
#NDQ - Short-term Range $26,216 - $23,709 | 1000 Points Move?Date: 22-10-2025						
							
#NDQ - Current Price:	 $24,963.00 
					
Pivot Point: $24,963.07 	Support: $24,660.03 	Resistance: $25,267.90 		
							
Upside Levels:							
L1:	 $25,473.73 	L2:	 $25,679.55 	L3:	 $25,948.23 	L4:	 $26,216.91 
							
Downside Levels:							
							
L1:	 $24,453.31 	L2:	 $24,246.59 	L3:	 $23,977.91 	L4:	 $23,709.23 
													
							
#TradingView #Nifty #BankNifty #DJI #NDQ #SENSEX #DAX #USOIL #GOLD #SILVER							
NAS100 – Technical Analysis | Bulls Take ChargeNAS100 extended its bullish rally after breaking above 25,190.00 and 25,600.00, confirming strong buyer control. The index continues to print higher highs, with momentum favoring further upside as long as price remains above the breakout zone.
Support at: 25,600.00 🔽 / 25,190.00 🔽 / 25,000.00 🔽
Resistance at: 25,900.00 🔼 / 26,000.00 🔼
🔎 Bias:
🔼 Bullish: Sustained trading above 25,600.00 supports continuation toward 25,900.00 and possibly 26,000.00.
🔽 Bearish: A drop back below 25,190.00 could trigger a correction toward 25,000.00.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Nas100 opens the week with explosive strength4H Technical Zone Analysis 
Zone 1 (25,570 – 25,586): Today’s Low / Asia Session Open
This zone marks where price opened during the Asia session today after a sharp weekend gap to the upside. The fact that price held this area cleanly suggests that buyers immediately stepped in to defend the breakout, confirming it as a short-term demand zone. As long as price remains above Zone 1, intraday momentum stays firmly bullish, and any retest here could attract further buying interest.
Zone 2 (25,411 – 25,427): Last Week’s All-Time High 
This zone represents last week’s all-time high, now turned into support after the breakout. The strong impulse above this level indicates that what was once a major resistance has now flipped into a structural base for the new leg higher. If the market revisits Zone 2, it will serve as a key test of buyer strength and validation of the breakout’s sustainability. Holding this zone will reinforce bullish market structure, while a clean break below could expose the unfilled gap beneath.
 Market Gap – What It Means 
Between Friday’s close and today’s open, price created a large upside gap, reflecting aggressive post-market buying and strong bullish sentiment carried into the new week. Such gaps often occur when new information — in this case, easing trade tensions and continued strength in tech earnings, triggers a rush of buy orders before the regular session begins.
However, gaps of this size also leave “thin liquidity zones” below, areas where price moved so fast that few transactions took place. These can act like magnets for future price action, as markets often “fill the gap” later to establish balance. In other words, while the gap confirms bullish momentum, traders should remain aware that it could eventually retrace to retest lower liquidity levels before resuming higher.
 Today's sentiment 
The Nas100 ended last week on a strong note as optimism returned following constructive U.S.–China trade talks in Malaysia. U.S. Treasury officials described the discussions as “productive,” easing fears of renewed escalation and boosting risk appetite. Strong earnings from major tech and semiconductor firms, including TSMC, further supported sentiment, reinforcing the view that AI and digital infrastructure remain bright spots amid global uncertainty.
Heading into the new week, the tone is cautiously optimistic: the market is supported by tech strength and improved trade relations, but with valuations near record highs and limited macro data due to the U.S. government shutdown, investors remain alert to any sudden shifts in tone or headlines.
US100 BULLISHbullish on all timeframes apart from 1min and 5min. 
price has just broken through previous swing high.
ill be waiting for a correction and will be entering a long position with a 2:1 rrr.
but I will be looking to take partial profits and allowing trade to run if price action is still show bullish strength.
US 100 Upside Breakout – Target in SightUS 100 has broken above key resistance at 25,074, confirming a bullish breakout. Price is now at 25,508, supported by VWAP and 5 EMA. Momentum favors buyers, with the 1st target near 27,000, expected to be reached in the upcoming week if trend strength continues. Ideal entry on pullbacks or bullish continuation candles. Place stop-loss below breakout zone at 24,800 to manage risk. Watch for volume confirmation and sustained price action. This setup offers a short-term opportunity for swing traders aiming to ride the breakout wave.
NAS100 Intraday & Swing Trade Setup🎯 NAS100 (NASDAQ-100) Technical Analysis: Oct 27-31, 2025 | Intraday & Swing Trade Setup 
 Closing Price: 25,373.7 | Date: Oct 25, 2025 12:54 AM UTC+4 | Timeframes: 5M, 15M, 30M, 1H, 4H, 1D 
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 📊 ELLIOTT WAVE & STRUCTURAL ANALYSIS 🌊 
From the daily chart perspective, NAS100 shows completion of Wave 4 correction around 25,100-25,200 support zone. Current positioning at 25,373.7 suggests  early Wave 5 development  with bullish impulse structure emerging. The 4H timeframe confirms impulsive uptrend with higher highs and higher lows—classic Elliott Wave signature for institutional accumulation phase.
 💡 KEY INSIGHT:  If 25,900-26,050 resistance breaks decisively on 4H close with volume confirmation, we target Wave 5 extension toward 26,400-26,800 range through mid-week.
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 🔄 DOW THEORY & TREND CONFIRMATION ⬆️ 
 
 Primary Trend: Bullish | Higher highs established above 25,600 on 1H charts
 Secondary Trend: Consolidation above 25,300-25,350 support validates buyer control
 Confirmation Signal: Volume surge on breakouts above 25,900 confirms institutional participation
 
The daily VWAP sits at 25,420, acting as dynamic support. Price trading  above VWAP  with 1D EMA(20) > EMA(50) > EMA(200) alignment signals strong bullish conviction for the coming week.
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 ⚡ INTRADAY SETUPS: 5M TO 1H TIMEFRAMES 
 5M & 15M:  Utilize Ichimoku Cloud crosses for quick scalp entries. Tenkan-sen/Kijun-sen crossover signals 3-5 minute momentum trades. Bollinger Bands (20,2) show tight squeeze—breakout imminent. RSI <30 on 5M = panic-sell exhaustion reversal opportunity.
 30M:  This is the  swing trader's sweet spot . Harmonic patterns—particularly Butterfly and Bat patterns—should be monitored around 25,200-25,100 support confluence. Gann angles from Oct 22 low project resistance at 25,888, 26,150.
 1H:  Primary intraday timeframe for entry/exit. Support: 25,300 (VWAP), 25,100. Resistance: 25,900 (breakout trigger), 26,050. RSI overbought above 70 = profit-taking zone. EMA(9) above EMA(21) = trend strength confirmation.
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 🎪 WYCKOFF METHOD & ACCUMULATION PHASE 📈 
Current price action displays classic Wyckoff accumulation:  Spring formation  around 25,200 + subsequent recovery above neckline. Effort (volume) on upside breakouts now exceeds effort on downside—textbook Wyckoff buying climax setup. Watch for  secondary test  of 25,300—if holds above with lower volume, expect breakout run to 26,000+.
 ⚠️ WARNING:  Climax volume spike above 26,000 may indicate exhaustion—take profits on target.
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 🔷 HARMONIC PATTERNS & FIBONACCI LEVELS 📐 
Gartley Pattern forming in 4H with D-point targeting 25,850-25,920 (78.6% Fib retracement). Potential risk/reward ratio of 1:3+ makes this ideal swing entry zone. Support cluster: 25,300-25,420 (multiple MA confluence + VWAP). Extended Fib target: 26,400 (161.8% extension from Oct 22 impulse base).
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 📍 TRADING PLAN: MON-FRI (OCT 27-31) 🗓️ 
 INTRADAY SCALPERS (5M-30M):  Target 25,750-25,850 breakout on Monday. Stop: 25,250. Take profit 1: 25,650 (+300 pips). Repeat breakout patterns on every higher low formation.
 SWING TRADERS (4H-1D):  Accumulate longs 25,300-25,420 on dips. Primary target: 26,150-26,250 (Wave 5 target). Secondary: 26,400-26,800. Stop loss: 24,900 (break below daily cloud). Risk/reward: 1:2.5 minimum.
 ⏰ OPTIMAL TIMING:  US market open (13:30 UTC) provides best 5M-1H breakout volatility.
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 🚨 REVERSAL & BREAKOUT SIGNALS 🎯 
 Reversal Alert:  If RSI divergence forms (lower high on price, lower high on RSI) at 26,000+ = sell-off imminent. Initial support: 25,650. Hard stop: 25,420.
 Breakout Confirmation:  Volume >200M shares on 4H close above 26,000 = institutional breakout, extend targets to 26,600+. Failure to hold 25,900 three times = bullish setup invalidation.
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 📊 VOLATILITY & BOLLINGER BAND SQUEEZE 📉 
Current Bollinger Band width suggests  compression before expansion . Watch 1H BB (20,2) for band walk breakout into 26,000+ on closing above upper band. ATR expansion above 250-300 points validates trending move. Consolidation below upper band = power accumulation before next leg up.
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 ⚖️ RISK MANAGEMENT CHECKLIST ✅ 
 
 Daily loss limit: 2% portfolio | Use 1:2 minimum risk/reward ratio
 Position sizing: Reduce entries above 26,200 (resistance cluster)
 Breakout confirmation: Require 5-minute close above resistance + volume spike
 Support holds: If 25,300 closes below on daily, trend invalidates—exit swings
 
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 🎓 Technical Theory Applied:   Elliott Wave (Wave 5 setup) | Wyckoff (Accumulation completion) | Dow Theory (Higher highs confirmation) | Harmonic Patterns (Gartley D-point) | Gann (Angular resistance) | Japanese Candlesticks (Bullish engulfing on 4H) 
 🛠️ Indicators Aligned:  Bollinger Bands (squeeze breakout), RSI (bullish divergence), Volume (accumulation), VWAP (dynamic support), MAs (uptrend slopes), Ichimoku Cloud (bullish crossover).
 📈 Bias:  BULLISH with caution above 26,200 
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 ⚠️ Disclaimer: This post is educational content and does not constitute investment advice, financial advice, or trading recommendations. The views expressed here are based on technical analysis and are shared solely for informational purposes. The stock market is subject to risks, including capital loss, and readers should exercise due diligence before investing. We do not take responsibility for decisions made based on this content. Consult a certified financial advisor for personalized guidance.
NSDQ100 ahead of US CPI Geopolitics dominated sentiment over the past 24 hours, setting the tone for today’s NASDAQ 100 session.
Market backdrop:
Fresh US sanctions on Russian oil sparked a surge in energy prices, with Brent crude posting its largest two-day gain since 2022. The move drove a sell-off in global bonds, as 10yr US Treasury yields rose +5.1bps, their biggest daily increase in over a month, ahead of the long-delayed September CPI report.
Despite the rise in yields, equities held firm, buoyed by improved risk appetite. The NASDAQ 100 gained +0.58%, supported by renewed optimism in the tech sector and positive sentiment following the White House confirmation of a Trump–Xi meeting next week, which helped temper trade war concerns.
Drivers for today:
US CPI (September) – the first major data point since the government shutdown. A softer print could reinforce expectations of a Fed rate cut next week, while a stronger reading risks unsettling both bonds and high-valuation tech names.
Geopolitical dynamics – Markets remain sensitive to any new developments in the US–China trade narrative and Russia sanctions, which continue to drive energy and inflation expectations.
Tech sentiment – Optimism in large-cap tech remains supportive, though rising yields could limit upside momentum.
Commodities:
Gold is on track to end its nine-week rally, down over 3% this week as investors rotate out of safe havens amid hopes of easing geopolitical tensions.
Outlook:
The NASDAQ 100 enters the session on firmer footing, with risk appetite improving thanks to trade optimism. However, volatility is likely around the CPI release, which will be the key determinant for near-term Fed policy and tech sector performance.
Key Support and Resistance Levels
Resistance Level 1: 25350
Resistance Level 2: 25466
Resistance Level 3: 25600
Support Level 1: 24917
Support Level 2: 24700
Support Level 3: 24400
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
22 OCT 2025: MARKET RECAP WITHIN DAILY PROFILEObserve how price delivered according to 20 OCT WEEKLY OUTLOOK
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