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 trade ideas
NAS100 ABOUT TO CONTINUE TO THE UPSIDEHello traders Here's my point of view about PEPPERSTONE:NAS100
TECHNICALLY:
Last week on FRIDAY I covered this massive impulse. We got a 1:3 RR trade. Still looking bullish for me.
As long as we stay ABOVE MONDAY DAILY LOW 23 300 we can consider to look for BUY entries but only if fundamentals, confluences & confirmations. Otherwise, the area will be completely invalidated and we will have a deeper pullback/ retracement
You may find more details in the chart!
Thank you and Good Luck! MAKE SURE TO STAY STRICT WITH YOUR RISK MANAGEMENT!
PS: Please support with a like or comment if you find this analysis useful for your trading day.
Bullish momentum to extend?US100 is falling towards the support level, which is an overlap support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to pir tale prpft.
Entry: 23,546.52
Why we like it:
There is an overlap support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 23,300.44
Why we like it:
There is a pullback support that lines up with the 61.8% Fibonacci retracement.
Take profit: 23,938.06
Why we like it:
There is a swing high resistance.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
NAS100 Bearish Reversal from Supply Zone – Short SetupThe NAS100 (1H chart) is trading within a channel structure marked by a rejection line (resistance) and a support line. Price recently broke below the EMA (70 & 200), showing bearish momentum.
Supply Zone (POI): 23,524 – 23,637, where price may retest before further decline (potential short entry zone).
Trend: Current momentum is bearish after rejection from channel resistance.
Support/Target: Main downside target is 22,979 – 22,905, aligning with previous swing low and Fibonacci extension area.
EMA Strategy: Price below both 70 & 200 EMA indicates bearish trend continuation.
Structure Break: Breakdown of channel support suggests sellers are in control.
📌 Trading Plan:
Entry (Sell Zone): 23,524 – 23,637 (POI Supply Zone)
Stop Loss: Above 23,640 (channel resistance)
Target: 22,979 – 22,905
Conclusion:
Market is in bearish structure. Wait for pullback to supply zone for a high-probability short entry, targeting the lower support zone.
Nasdaq 100 – Key Entry Line at 23,413On this chart, my main focus is the entry line at 23,413.
I expect the price to make a move down toward this level.
The chart is kept simple — no unnecessary indicators — because the most important element here is the VWAP line, which also aligns with the manipulation zone where bigger players often create false moves.
If the market falls into the 23,413 zone, I’ll be watching closely for reactions and possible reversal setups.
⚠️ Disclaimer & Personal View:
This is not a signal service and I am not selling anything.
In my opinion, many signal providers fool their customers by showing only winning trades, promising unrealistic win rates, and hiding real risks.
Trading is never guaranteed — every trader must make their own decisions and manage risk properly.
My chart here is only my personal analysis and opinion, shared for educational purposes.
👉 Do you also want me to add targets (like 23,600 or 23,930) and possible stop-loss placement to make it look more complete for TradingView readers?
You said:
yes
ChatGPT said:
Perfect 👍 Here’s the expanded TradingView idea with entry, targets, and stop placement included:
📉 Nasdaq 100 – Key Entry Line at 23,413
On this chart, my main focus is the entry line at 23,413.
I expect the market to fall into this level, which I see as both the VWAP line and a potential manipulation zone used by bigger players.
Plan:
📍 Entry zone: around 23,413
🎯 Target 1: 23,600 (first reaction level)
🎯 Target 2: 23,930 (upper resistance and recent highs)
🛑 Stop-loss: below 23,300 (invalidation of setup)
The chart is intentionally kept simple, without unnecessary indicators, to highlight the importance of this single level.
⚠️ Disclaimer & Personal View:
This is not a signal service and I am not selling anything.
In my opinion, many signal providers fool their customers by showing only winning trades, promising unrealistic win rates, or using tricks like martingale strategies that can blow accounts.
Trading always involves risk. What I share here is only my personal analysis and opinion, not financial advice.
NSDQ100 corrective pullback support at 23420US Macro:
Q2 headline PCE revised down: +2.0% (vs +2.1%), core PCE steady: +2.5%.
Jobless claims: 229k (vs 230k), continuing 1.954m (vs 1.966m).
→ Soft-landing narrative reinforced, easing recession fears.
US Equities:
S&P 500 +0.32% → 3rd straight gain, fresh ATH.
NASDAQ +0.53% led by tech.
Nvidia -0.79% on slowing revenue growth post-earnings.
Europe:
STOXX 600 -0.20%, FTSE 100 -0.42% lagged.
Eurozone econ sentiment index fell to 95.2 vs 96.0 exp. → weaker sentiment backdrop.
What’s next:
US July PCE inflation + spending data (today) → key for Fed path.
Eurozone CPI flash (Germany/France/Italy) → ECB watch.
Japan Tokyo CPI + activity data → BoJ implications.
Alibaba/BYD earnings → China sentiment gauge.
Key Support and Resistance Levels
Resistance Level 1: 23760
Resistance Level 2: 23880
Resistance Level 3: 23760
Support Level 1: 23420
Support Level 2: 23276
Support Level 3: 23050
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.
NAS100USD – Holding 23,350 Support, Eyeing 23,700The Nasdaq 100 found demand at the 23,350 support zone, holding the level after recent downside pressure. Price is now consolidating, with bulls looking for a potential push back toward the 23,700 resistance zone.
Support at: 23,350 / 23,100 🔽
Resistance at: 23,700 / 23,880 🔼
🔎 Bias:
🔼 Bullish: A sustained hold above 23,350 could fuel momentum toward 23,700.
🔽 Bearish: A breakdown below 23,350 exposes 23,100 as the next key support.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
US 100 – All Eyes on the NVIDIA Earnings UpdateLast week was a challenging one for US 100 traders who had to negotiate a period of increased volatility caused by concerns of the development of an AI bubble leading to over extended valuations for key technology companies, and then a headline speech from Federal Reserve Chairman Powell at the Jackson Hole symposium where he hinted at the potential for rate cuts later in the year. This saw prices drop 3% from opening levels at 23745 on Monday August 18th down to lows of 22970 on August 20th, before rebounding strongly on Friday, back up to current levels around 23545 (0730 BST).
While the potential for Fed rate cuts may still be an important driver for the US 100 index, traders are waiting for key future economic data updates to provide more clarity on whether a 25bps (0.25%) cut is possible when the Fed meet next on September 17th. Before then traders will be waiting on the Friday August 29th PCE Index release, (Fed’s preferred inflation gauge), Friday September 5th Non-farm Payrolls release, especially given how Chairman Powell indicated a link between the health of the US labour market and potential rate cuts, and then the next US CPI update on Thursday September 11th.
This data waiting game means volatility for the US 100 index could be determined this week by details provided by NVIDIA in their Q2 earnings update which is due after the market close later today. NVIDIA is the world’s biggest company by market capitalisation (circa $4.4 trillion) and is considered the bellwether for AI demand and revenue performance. While traders may be focused on judging actual earnings performance against expectations, they could also be looking for reassurance regarding the strength of AI spending, as a more cautious outlook for future earnings could bring a negative reaction to AI stocks in the US 100.
Being prepared for an extended period of volatility in the US 100 index may be a wise move.
Technical Update: Still Positive Sentiment into NVIDIA Earnings?
Although the US 100 index entered a correction phase from the August 13th high of 23986 to the August 20th low of 22970, the overall positive trend that began at the April 7th low of 16290, appears to remain intact.
As the chart above shows, since the April 7th low, the US 100 index has traced out a pattern of higher highs and higher lows in price. This suggests positive sentiment, with buyers appearing at higher levels after each pullback. As long as this pattern of rising lows continues, the outlook could be viewed as skewing risks toward further attempts at upward movement in price.
While positive sentiment does currently appear to remain in place, NVIDIA’s upcoming earnings report has the potential to shift market sentiment. Therefore, it’s important to identify and monitor the next key support and resistance levels to be prepared in case an increase in volatility develops.
Potential Support Levels:
After finding support at 22970 on August 20th, traders are likely still watching this level. As long as prices continue to close above 22970, a more positive outlook could still be viewed as valid. However, a negative reaction to NVIDIA earnings if seen, may result in closes below this support level, even signal a sentiment shift toward the possibility of further price declines.
While a break below 22970 doesn’t guarantee further price weakness, it could open the door toward a test of 22678, the August 1st low, and potentially even 21375, which marks the June 23rd downside extreme.
Potential Resistance Levels:
Following the recent rebound from the August 20th low of 22970, the first key resistance is likely to be the all-time high of 23986 set on August 13th.
A close above this resistance level at 23986 could signal improving momentum and the potential for further attempts at price strength. If this break is sustained, traders may start to focus on levels at 24,421 and 24,665, corresponding to the 38.2% and 61.8% Fibonacci extension levels, respectively.
The material provided here has not been prepared accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research, we will not seek to take any advantage before providing it to our clients.
Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
NAS100 - 1D OutlookDear Friends in Trading,
## CORE PCE TODAY - Be safe!
Giant Bull Flag. - Will require a "Giant Break-Out".
Can yellow confluence area hold a correction test?
The green demand trajectory will be the first trend support.
Keynote:
We close three crucial candles today. 1D + 1W + 1M
I know I'm stating the obvious.
Let's see what September brings.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time study my analysis.