Get started
US Tech 100 IndexUS Tech 100 IndexUS Tech 100 Index

US Tech 100 Index

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals

USTEC trade ideas

NAS100 - Bearish Setup!Markets gaps to fill, starting off in the higher time frame price plumeted from the supply zone. From there we had a strong support thats been formed. We are AIMING for that support zone. Change Of Character HAS been created already giving me confirmation to look for selling opportunities in this market range. Reacting of the smaller supply zone I will be anticipating a 71% retracement back into the supply to fill imbalance before shorting into that support that we suggested would be our target. Good luck to anyone that follows
OANDA:NAS100USDShort
by jamesibartram
USNAS100 Update | Fed Pressure Keeps Market Under Bearish BiasUSNAS100 – Overview Tech fright calms but Fed pressure grows U.S. tech stocks appear to have stabilized after two sessions of sharp declines, but uncertainty persists as the Treasury market reacts to the latest Federal Reserve developments ahead of the central bank’s annual Jackson Hole symposium in Wyoming. Technical Outlook USNAS100 maintains a bearish setup while below 23,295. A break and sustained close above this level would signal a potential bullish reversal. 📍 Key Levels Pivot: 23,295 Support: 23,165 – 23,045 – 22,850 Resistance: 23,430 – 23,540 – 23,690 previous idea:
OANDA:NAS100USDShort
by SroshMayi
How to determine if the Fed will change target interest rates?In this video, I explain the mechanism of the Fed target interest rates and how to determine if the Fed will cut the target interest rates in September 2025 (or any other FOMC). I also talk about the Overnight Reverse Repo balance sheet and the draining of the balance from a high of 2.55T on 30th Dec 2022 to just 25B as of 21st Aug 2025. I hypothesize a scenario from now till the September FOMC: 1. The Overnight Reverse Repo is completely emptied, meaning the stealth liquidity is gone. 2. The Equity Markets suffers a sharp fall (even a crash). 3. Funds rotate into US treasuries, causing yield to fall. 4. Fed cuts target interest rates without having to monetize the debts. The most important key takeaway in this video is to understand that in order to know if the Fed will do anything is to see the 3month government bond yield. All the other information are supplementary and provide us information to paint a narrative on how the market will move in the coming weeks. As aways, keep your risks tight, and Good Luck!
OANDA:NAS100USDEducation
by yuchaosng
NAS100 Comprehensive Technical Analysis & Daily Trading Strategy# NAS100 Comprehensive Technical Analysis & Daily Trading Strategy **Current Position**: 23,514.5 (Aug 23, 2025, 12:50 AM UTC+4) * 🎯 Executive Summary Multi-theory convergence analysis indicates NAS100 at critical inflection point with 65% probability of upward continuation to 24,000-24,600 zone, contingent on breaking 23,640 resistance. --- # 📊 MULTI-TIMEFRAME TECHNICAL ANALYSIS **INTRADAY ANALYSIS (5M - 4H)** **5-Minute Timeframe Analysis** ** Candlestick Patterns *Current Formation**: Potential inside bar consolidation *Key Patterns to Watch**: Hammer/Doji near 23,500 (bullish), Shooting star above 23,580 (bearish) *Volume Confirmation**: Required for breakout validation ** Technical Indicators *RSI(14)**: ~48-52 (Neutral zone, watch for divergence) *VWAP**: 23,508 ± 15 (Dynamic S/R level) *Bollinger Bands**: Squeeze pattern suggesting breakout imminent *EMA(20)**: 23,495 (immediate support/resistance) **15-Minute Timeframe Analysis** ** Harmonic Patterns *Active Pattern**: Potential ABCD completion at 23,350-23,380 *Butterfly Pattern**: Target projection 24,580-24,650 *Fibonacci Confluence**: 61.8% retracement at 23,420 ** Wyckoff Analysis *Phase**: Testing phase after potential accumulation *Volume**: Decreasing on declines (bullish sign) *Price Action**: Higher lows formation developing *Next Expected**: Markup phase if 23,450 holds **30-Minute Timeframe Analysis** ** Elliott Wave Count *Primary Count**: Wave (4) correction nearing completion - Wave A: 23,690 → 23,350 - Wave B: 23,350 → 23,580 (current) - Wave C Target: 23,200-23,300 *Alternate Count**: Wave (5) impulse beginning - Target: 24,200-24,600 ** W.D. Gann Analysis *Square of 9**: 23,490 and 23,625 critical levels *Time Theory**: Next major turn window Aug 26-28 *Angle Theory**: 1x1 Gann line at 23,200 (major support) **1-Hour Timeframe Analysis** ** Ichimoku Kinko Hyo *Tenkan-sen (9)**: 23,520 (resistance) *Kijun-sen (26)**: 23,465 (support) *Kumo Cloud**: 23,420-23,480 (support zone) *Chikou Span**: Above price action (bullish) *Future Cloud**: Bullish twist expected in 26 periods ** Moving Averages Confluence *SMA(50)**: 23,380 *EMA(50)**: 23,425 *WMA(50)**: 23,448 *Golden Cross Formation**: EMA crossing above SMA (bullish) *# **4-Hour Timeframe Analysis** ** Advanced Pattern Recognition *Head & Shoulders**: Potential inverse H&S with neckline at 23,580 *Flag Pattern**: Bullish flag consolidation after impulse move *Support/Resistance**: - Major Support: 23,200-23,300 - Minor Support: 23,420-23,465 - Minor Resistance: 23,580-23,625 - Major Resistance: 23,690-23,750 --- # 📈 SWING ANALYSIS (4H - Monthly) **Daily Timeframe** *# Elliott Wave Analysis *Supercycle**: Wave (III) of Grand Supercycle in progress *Cycle**: Wave 3 of (III) potential completion *Primary**: Wave (4) correction expected - Target: 22,800-23,200 (38.2%-50% Fibonacci) - Duration: 3-8 weeks - Pattern: Likely flat or triangle *# Wyckoff Market Structure *Phase**: Distribution testing vs. Reaccumulation *Volume Profile**: High volume nodes at 23,300 and 22,800 *Composite Man Activity**: Accumulation signs if above 23,200 *Spring/Upthrust**: Watch for false breakdowns below 23,200 *# Gann Time & Price Forecasting *Time Cycles**: - 90-day cycle: Peak expected late August - 180-day cycle: Next major turn October 2025 *Price Squares**: - 23,400 = 153² ÷ 10 - 24,000 = 155² ÷ 10 - 25,000 = 158² ÷ 10 **Weekly Timeframe** *# Long-term Elliott Wave *Grand Supercycle**: Wave III from 2009 lows *Supercycle**: Wave (3) extension phase *Cycle**: Wave 3 of (3) nearing completion at 25,000-26,000 *# Harmonic Analysis *Shark Pattern**: Completion at 25,200-25,400 *Crab Pattern**: Deep retracement target 20,800-21,500 *ABCD Extensions**: 1.618 projection at 26,000 * **Monthly Timeframe** *# Macro Elliott Wave Structure *Primary Degree**: Wave (5) of III in progress *Intermediate**: Wave 3 of (5) targeting 28,000-30,000 *Minor**: Current correction within larger impulse *# Gann Annual Forecasting *2025 Projection**: 24,000-26,000 year-end target *Seasonal Tendency**: Q4 traditionally strong for tech *Master Time Cycle**: 7-year cycle supportive through 2026 --- # 📋 KEY LEVELS & TARGETS **Critical Price Levels** *# Immediate (Next 48 Hours) *Ultra Resistance**: 23,690-23,750 *Strong Resistance**: 23,625-23,640 *Minor Resistance**: 23,580-23,600 *Pivot Point**: 23,514 (current) *Minor Support**: 23,465-23,480 *Strong Support**: 23,420-23,450 *Ultra Support**: 23,350-23,380 *# Short-term (1-2 Weeks) *Bull Target 1**: 24,100-24,200 *Bull Target 2**: 24,600-24,800 *Bear Target 1**: 23,000-23,100 *Bear Target 2**: 22,600-22,800 *# Medium-term (1-3 Months) *Primary Upside**: 25,000-25,500 *Extended Upside**: 26,000-26,800 *Primary Downside**: 21,500-22,000 *Extended Downside**: 20,000-20,500 --- # 📅 DAILY TRADING STRATEGIES (WEEK OF AUG 26-30, 2025) **MONDAY, AUGUST 26, 2025** *# Market Context *Gann Time Window**: Major turn date (High probability reversal) *Volume Expected**: Above average due to Monday open *Key Events**: Watch for gap up/down at open *# Intraday Strategy **Pre-Market Analysis (Before 9:30 AM EST)** *Gap Assessment**: - Gap Up >23,550: Look for continuation to 23,625 - Gap Down <23,480: Target 23,420 support *Volume Profile**: Confirm with higher volume for gap sustainability **Morning Session (9:30 AM - 12:00 PM EST)** **Setup 1: Breakout Play** *Entry**: Break above 23,580 with volume *Stop Loss**: 23,530 *Target 1**: 23,625 *Target 2**: 23,690 *Risk/Reward**: 1:1.8 **Setup 2: Support Bounce** *Entry**: Bounce from 23,450-23,465 zone *Stop Loss**: 23,420 *Target 1**: 23,520 *Target 2**: 23,580 *Risk/Reward**: 1:2.6 **Afternoon Session (12:00 PM - 4:00 PM EST)** **Setup 3: Range Trading** *Buy Zone**: 23,465-23,485 *Sell Zone**: 23,565-23,585 *Stops**: Outside range by 25 points *Scalping Opportunity**: 5-15 minute timeframes **Daily Risk Management** *Max Risk**: 2% of account *Position Size**: Adjust for increased volatility (Gann date) *News Watch**: Fed officials' speeches, tech earnings --- **TUESDAY, AUGUST 27, 2025** *# Market Context *Technical Focus**: Follow-through from Monday's action *Volatility**: Expected to decrease from Monday *Pattern Completion**: Watch for harmonic pattern triggers *# Intraday Strategy ** **Pre-Market Setup** *Trend Continuation**: If Monday bullish, look for higher lows *Reversal Signs**: If Monday bearish, watch for oversold bounce ** **Trading Sessions** **Setup 1: Trend Following** *Bullish Scenario**: - Entry: Pullback to 23,500-23,520 - Stop: 23,465 - Targets: 23,625, 23,700 *Bearish Scenario**: - Entry: Rally to 23,540-23,560 - Stop: 23,590 - Targets: 23,450, 23,380 **Setup 2: Wyckoff Spring/Upthrust** *Spring Play**: False break below 23,420, quick reversal *Upthrust Play**: False break above 23,640, quick rejection *High probability setups with tight stops** --- **WEDNESDAY, AUGUST 28, 2025** *# Market Context *Mid-week Dynamics**: Typically consolidation day *Technical Pattern**: Triangle/flag pattern completion expected *Volume**: Usually lower, range-bound trading likely *# Intraday Strategy **Setup 1: Breakout Preparation** *Consolidation Range**: 23,480-23,580 *Volume Spike Required**: For any breakout attempt *False Breakout Fades**: High probability trades **Setup 2: Scalping Strategy** *Timeframe**: 5-15 minutes *Range**: 23,500-23,550 *Multiple small profits**: 15-25 point targets *Tight stops**: 10-15 points maximum --- **THURSDAY, AUGUST 29, 2025** *# Market Context *Elliott Wave**: Potential completion of correction wave *Momentum Building**: For Friday breakout *Options Activity**: Weekly expiration influence *# Intraday Strategy **Setup 1: Pre-Breakout Positioning** *Accumulation Zone**: 23,450-23,500 *Distribution Zone**: 23,580-23,630 *Position for Friday's move** **Setup 2: Momentum Trading** *Morning Gap**: Trade in direction of gap *Volume Confirmation**: Essential for sustainability *Extended Targets**: If momentum strong --- **FRIDAY, AUGUST 30, 2025** *# Market Context *Week-End Positioning**: Major moves often occur *Monthly Close**: Important for larger timeframe analysis *High Volume Expected**: Options expiration *# Intraday Strategy **Setup 1: Weekly Close Play** *Above 23,580**: Bullish for next week, target 23,700-23,800 *Below 23,450**: Bearish setup, target 23,300-23,200 *Volume Crucial**: For weekly close significance **Setup 2: Gap & Go/Gap & Reverse** *Gap Analysis**: Size and volume determine strategy *Large Gap**: Look for exhaustion and reversal *Small Gap**: Expect filling and continuation --- # ⚠️ RISK MANAGEMENT FRAMEWORK **Position Sizing Formula** *Conservative**: (Account Size × 1%) ÷ Stop Loss Distance *Moderate**: (Account Size × 2%) ÷ Stop Loss Distance *Aggressive**: (Account Size × 3%) ÷ Stop Loss Distance **Daily Limits** *Maximum Daily Loss**: 3% of account *Maximum Positions**: 3 concurrent trades *Win Rate Target**: >55% (Given R:R ratios) **Technical Stop Levels** *5M Chart**: Beyond recent high/low + spread *15M Chart**: Beyond support/resistance + 15 points *1H Chart**: Beyond key levels + 25 points *4H Chart**: Beyond major levels + 40 points --- # 📈 PROBABILITY MATRIX & SCENARIOS **Scenario Analysis** *# **Bull Case (65% Probability)** *Catalyst**: Break above 23,640 with volume *Targets**: 24,100 → 24,600 → 25,000 *Timeline**: 2-6 weeks *Volume Profile**: Above average confirmation needed **Consolidation Case (25% Probability)** *Range**: 23,200-23,700 *Duration**: 4-8 weeks *Pattern**: Triangle or flag formation *Resolution**: Eventually bullish **Bear Case (10% Probability)** *Catalyst**: Break below 23,200 with volume *Targets**: 22,800 → 22,200 → 21,500 *Timeline**: 3-10 weeks *Warning Signs**: Distribution volume patterns --- # 📊 WEEKLY PERFORMANCE TRACKING **Key Metrics to Monitor** *Win Rate**: Target >55% *Average Risk/Reward**: Target >1:2 *Maximum Drawdown**: Limit to 5% *Sharpe Ratio**: Track risk-adjusted returns *Best/Worst Days**: Analyze for patterns **Weekly Review Questions** 1. Were stop losses appropriate for volatility? 2. Did volume confirm price movements? 3. Which timeframe analysis was most accurate? 4. What patterns repeated throughout the week? 5. How did news events impact technical levels? --- # 🚨 CRITICAL ALERTS & WATCHPOINTS **Immediate Alerts (Next 24-48 Hours)** *23,640 Break**: Bullish acceleration likely *23,420 Break**: Correction deepening *Volume Spike**: >150% average confirms breakout *News Flow**: Fed communications, tech earnings **Weekly Watchpoints** *Elliott Wave Count**: Validation/invalidation levels *Harmonic Pattern Completion**: Entry opportunities *Gann Time Windows**: Reversal probability *Wyckoff Phases**: Institutional behavior clues **Monthly Considerations** *Seasonal Patterns**: September historically weak *Options Expiration**: Third Friday volatility *Earnings Season**: Individual stock impacts on index *Federal Reserve**: Policy meeting outcomes --- **⚡ FINAL NOTE**: This analysis represents a convergence of multiple technical methodologies. Always combine with fundamental analysis and maintain strict risk management. Market conditions can change rapidly, requiring strategy adjustments. For those interested in further developing their trading skills based on these types of analyses, consider exploring the mentoring program offered by Shunya dot Trade.(world wide web shunya dot trade) I welcome your feedback on this analysis, as it will inform and enhance my future work. Regards, Shunya.Trade world wide web shunya dot trade ⚠️ 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.
PEPPERSTONE:NAS100
by sunya
1
NAS100 Analysis – Bullish Channel Break & Retest in Progress📌 Key Highlights: Bullish Channel Broken: Price failed to respect the upward trend channel. Although the candle bodies held above a support zone, price wicked through to test a lower level – indicating a weakening bullish structure. Pressure Reversal Zone: Around 23,800, price ran out of momentum. Downward pressure entered the market, shifting the trajectory and breaking the previous bullish pattern. Confirmed Zones via Retest: Each zone was respected by a clean retest, reinforcing their validity as support/resistance areas. This is textbook price action – confirming zones before continuation. Current Candle Behaviour: The most recent green candle has no top wick, showing strong buyer conviction. However, the bottom wick is long, meaning bears are still present and applying pressure. Decision Point: We’re at a critical moment. Will price break above this level to reclaim the channel — or reject and fill the imbalance left behind by the last bullish move? 📉 Scenario 1 – Rejection & Continuation Down If price fails to break and close above this resistance, we could see a bearish continuation — potentially aiming for the next key support zone around 22,677. 📈 Scenario 2 – Bullish Recovery If bulls maintain strength and close above this level with volume, we could see price climb back toward 23,500+ to retest the upper zone. ✅ Bearish Bias Price broke below the bullish channel structure (a major technical shift). Retests have confirmed lower zones — typical bearish continuation behaviour. The current green candle has no upper wick (buyers trying to push), but a long lower wick shows bears are still active. Downward pressure has already shifted momentum, and we’re now waiting to see if the zone holds. 🟡 However – Confirmation Needed If price fails to break above this current resistance zone, then bearish continuation becomes confirmed. If price closes strong above this level and reclaims the channel, the bias would shift neutral to bullish again. 📌 Final Bias Statement: Bearish bias for now — unless price cleanly breaks back above the resistance zone. Current price action suggests a possible continuation down to fill the wick and test deeper support zones. 🧭 Watching for: Candle body closures above or below key zones Wick reactions showing liquidity grabs Momentum shifts in volume 🔔 Stay sharp. Trade with confirmation, not emotion. By AutoMarkets | Built. Not Begged.
PEPPERSTONE:NAS100Short
by AutoMarkets
Nasdaq to 24k!!!I remain constructive on the NASDAQ as we head into the second half of the year. Chair Powell’s remarks at Jackson Hole reinforced that rate cuts are coming, though they will be measured rather than front-loaded. This approach reflects confidence in the economy’s resilience while ensuring inflation continues to trend lower. Historically, years ending in 5 have shown strong equity market performance under the decennial theory. Combined with improving liquidity conditions and a supportive policy backdrop, the setup favors continued strength in growth and technology-driven sectors. From a technical perspective, the NASDAQ has already established a hard low near the 22,900 level, which now serves as a strong support zone. Since then, the index has been consistently forming higher highs and higher lows, reinforcing the bullish structure. This price action confirms that buyers remain in control and strengthens the case for continued momentum in the months ahead. In my view, these factors create a durable foundation for the NASDAQ to remain bullish, with momentum likely to build as markets look ahead to a more accommodative environment.
IG:NASDAQLong
by JonathanSantos
1
NASDAQ Technicals NASDAQ (NAS100) Technical Analysis Based on the 4 hour chart, NASDAQ (NAS100) is currently showing range bound price action, indicating a period of consolidation after a recent downtrend. This price behavior suggests a tug of war between bulls and bears, with neither side able to decisively break through key support or resistance levels. Key Levels and Price Zones The market is trading within a defined range. The key support zone is identified around 23,055 to 22,958. This is a critical area, as a clean break below it would signal a continuation of the previous bearish trend. The primary resistance zone is located between 23,309 and 23,418. This zone must be broken and held for a potential bullish reversal to be considered. Bullish and Bearish Scenarios * Bullish Scenario: For a bullish trend to resume, the price needs to break above the 23,418 resistance level. A confirmed breakout with a subsequent retest of this level as support could open the door for a move towards the higher resistance at 23,736. Traders should watch for a strong bullish candle closing above this zone and an increase in buying volume to confirm the breakout. * Bearish Scenario: The bearish outlook remains intact as long as the price stays below the resistance zone. A break below the support zone around 22,958 would be a significant bearish signal. This could lead to a further drop toward the lower range's support at 22,690. A strong bearish candle closing below the support zone would provide confirmation. Risk Management and Final Thoughts Given the current consolidation, traders should be cautious about initiating new positions without clear confirmation. The most prudent approach is to wait for a definitive breakout above resistance or a breakdown below support. Trading within the range can be highly volatile and is generally considered higher risk. Placing stop loss orders outside of the key support and resistance zones is crucial to manage potential risks effectively. The current technical screenshot of NAS100 is one of indecision, and a significant move is likely on the horizon once one of the boundaries is breached.
PEPPERSTONE:NAS100
by SufiyanShabbirGangdani
“How I Trade NAS100 with 4H Order Flow + 15M Precision Entry”Here’s my step-by-step process for catching high probability NAS100 setups 👇 1️⃣ Direction from 4H Order Flow – I only look for trades in the direction of the 4H structure. – My key levels are 4H OBs and 4H FVGs. 2️⃣ Patience at the Key Level – No random trades. I wait until price reacts to one of my 4H levels. 3️⃣ 15M Entry Model (MSS + IFVG) – Once price reacts, I refine entry on the 15M chart using MSS (Market Structure Shift) + IFVG (Inverted Fair Value Gap). – This keeps risk tight and entries precise. 4️⃣ Risk Management – I always place stop loss at the invalidation point. – Targeting a minimum of 1:2 Risk to Reward. ⚡ The edge is simple: Only trade what pays me. Nothing else.
PEPPERSTONE:NAS100Education
by BlueTraders_
NASDAQ (CASH100) – Buy the Dip or Trend ReversalThe Cash100 has been trending in an upward channel since May 2025. Today, price has broken through diagonal support. For confirmation that the upward channel is over, I will be looking for these signals: ✅ First signal: a 4H close below diagonal support. ✅ Second signal: a retest of the diagonal. If price fails to reclaim, I’ll start looking for short setups if both signals above confirm. What do you think — is the uptrend finally breaking, or will buyers step back in? 👀 Thanks for checking out my post! Make sure to follow me to catch the next update. If you found this helpful, give it a like 👍 and share your thoughts 💬 — I’d love to hear what you think! Please note: This is not financial advice. This content is to track my trading journey and for educational purposes only.
OANDA:NAS100USDShort
by GTradingMethod
3
Is this the top? SPY/QQQ Plan Your Trade Update For 8-20I know it has been a while since I shared a video. This video is designed to share the downside risks I see as a potential for the markets IF this big speculative phase unwinds like I think. Ultimately, you guys are the ones who will be making the trading decisions. I just want you to be aware that the markets are extremely volatile right now and the data is pointing to a very clean Excess Phase Peak (EPP) pattern. As you are all aware, the EPP pattern suggests that a breakdown in price is likely where price may attempt to target the FLAG LOW. If that happens, be prepared for a -15% to -20% breakdown in price before the end of 2025 - possibly seeing an even bigger price collapse. In my opinion, this breakdown is the result of a broad unwinding of excesses related to the Biden economy (free money) and a move towards more reasonable US economic policies. Overall, this pullback is necessary for the Wave 1 of Wave 5 structure to complete. Once this pullback is complete, the bigger rally phase (Wave 3 of Wave 5) will begin. And get ready for a big rally phase with Wave 3. So, I hope this video helps you learn how to identify and plan for some of the biggest price swings in the SPY/QQQ, and prepare for even bigger moves in Gold/Silver and Bitcoin. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #gold #nq #investing #trading #spytrading #spymarket #tradingmarket #stockmarket #silver
FX:NAS100Short
by BradMatheny
13
USTEC INCOMING BEARISH MOVEMy analysis shows that there's a high chance the bearish move will continue. As we can see the price broke below our Uptrend Channel and made some sort of Double Top signifying a drop in bullish move. Price then broke our major low, creating CHoC and confirmed a bearish move, now we see that it broke below the Previous low and made a deep retest to the zone, we can anticipate the price will continue going down but we will need candlestick confirmation for that This is my intake of what will happen, follow for more Technical analysis and don't miss out😉
ICMARKETS:USTECShort
by StarleXtheTrader
1
When Could Nasdaq's Bearish Momentum Shift ?U.S. stock indices are showing slight declines as investors digest mixed corporate earnings and await key signals from the Federal Reserve, as well as a report from the Massachusetts Institute of Technology, which warned against the hype surrounding artificial intelligence, noting that this technology needs more time to clarify the extent of its reliance. Weak retail results, including a sharp drop in Target’s sales, weighed on market sentiment, while traders remain cautious ahead of the release of the Fed’s July meeting minutes and the upcoming remarks from Chair Jerome Powell on Friday, August 22, at the Jackson Hole conference, searching for clues about the future path of interest rates. The Nasdaq Composite, dominated by the technology sector, closed Tuesday down 1.4%, marking its largest one-day drop since August 1, while maintaining its downward momentum on Wednesday, August 20. What can be monitored from a technical perspective to anticipate a potential correction in this index? Traders should watch the exponential moving average (5), which indicates market momentum (positive when the fast moving average (5) is below the price, and negative when it is above the price). This indicator provides short-term signals of momentum shifts in the markets. As seen in the chart above, if the price rises above the exponential moving average (5) and closes a candle above it on the four-hour timeframe, one should then watch the Relative Strength Index (RSI) to move above 50. In this case, we could see a temporary shift in Nasdaq’s downward momentum toward a short-term upward momentum.
CFI:US100
by CFI