NSDQ100 corrective pullback supported at 23233Tech drag dominates: The NASDAQ fell -1.46%, its worst day since Aug 1, led by the Magnificent 7 (-1.67%). Nvidia (-3.5%) was the biggest loser and set the tone for semis and AI-linked names.
Index divergence: Despite the cap-weighted S&P falling (-0.59%), the equal-weighted S&P rose (+0.45%), showing the selloff was tech-concentrated rather than broad. That highlights rotation into cyclicals/defensives away from mega-cap tech.
Stock specifics:
Intel (+6.97%) surged on the $2bn SoftBank stake, bucking the chip weakness.
Home Depot (+3.17%) outperformed on earnings, showing consumer/housing resilience—positive for broader equities but less relevant for tech.
Rates backdrop: 10yr UST yields fell -2.7bps to 4.31% after S&P affirmed the US AA+ rating. Lower yields normally support growth/tech, but today’s positioning and rotation outweighed rate relief.
Fed/policy watch:
Treasury Sec. Bessent hinted at Fed Chair decision timing (Powell’s replacement watch).
Markets remain priced for a jumbo cut in September, with focus shifting to Jackson Hole this week—key risk event for Nasdaq given rate-cut sensitivity.
Geopolitics: Noise around Ukraine security guarantees and Switzerland’s peace-talk stance was not market-moving for tech.
Relevance for NASDAQ100 traders:
Yesterday’s selloff was tech-specific, not broad market weakness, implying concentration risk in mega-caps.
Intel’s rally shows idiosyncratic catalysts can break correlation.
Watch Jackson Hole & Fed rate-cut pricing → likely main driver for Nasdaq100 short-term.
Rotation risk: If the equal-weighted S&P keeps outperforming, the Nasdaq may underperform further unless big tech regains leadership.
Key Support and Resistance Levels
Resistance Level 1: 23710
Resistance Level 2: 23950
Resistance Level 3: 24200
Support Level 1: 23233
Support Level 2: 23110
Support Level 3: 22985
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USTECH100MINICFD trade ideas
Market Sentiment Pulls Nasdaq to the 23,200 SupportOn the daily chart, Nasdaq’s RSI has pulled back to the 50 neutral zone, providing potential support for the recent correction. Price action is holding above the 23,200-support, while the 4-hour RSI is rebounding from oversold conditions.
If 23,200 continues to hold, Nasdaq may recover to test 23,500, 23,700, and potentially 24,100. A confirmed move above these levels could signal renewed momentum toward the 25,000-record.
A clean hold below 23-200 may extend the decline towards key support levels between 22,900-22,700 for another long-term bullish positioning opportunity, or deeper downturn risks.
Key Events in Sight:
- FOMC Minutes (Today)
- Fed Speech (Friday)
- Written by Razan Hilal, CMT
NAS100 - Market Structure, Confluence & FIBDear Friends in Trading,
How I see it,
Keynote:
I missed the big drop, not sure if investors will try to recover before Friday's
Retail data and Powell speech.
1) I will look for quality scalping Long / Short opportunities till then.
2) I indicated the confluences - price action may rocket or drop
strongly between them.
Let me know if anything is unclear.
I sincerely hope my point of view offers a valued insight.
Thank you for taking the time study my analysis.
Could elevated valuations start weighing heavily on USTEC?
US equities fell sharply under pressure from stretched AI valuations. OpenAI CEO Altman cautioned that investors are overly excited about AI, warning that valuations have become “out of control.” Adding to the drag, Nvidia shares tumbled as China mandated domestic AI chips account for over 50% of local data center usage, raising concerns over export reliance. Markets now turn their focus to Fed Governor Waller’s speech and the FOMC minutes for clues on the rate-cut outlook.
USTEC is sliding lower, approaching the support at 23300. The narrowing gap between EMA21 and EMA78 points to a possible shift toward bearish momentum. If USTEC breaks below 23300, the index could decline further toward the next support at 23000. Conversely, if USTEC climbs back above both EMAs, the index may gain upside traction toward the resistance at 23700.
1 hour chart After take out at new ATH last week and break trough the 23700 level i think we are in a desending chanel and the breakout will be up.
The market has show alot of support around 23700 level for days now and after a strong elliot vawe 5 up it would go down alot faster if the bullsih trend was over.
Think we have 123 elliot or 12345 elliot vawe forward us now as long as we break out the desending chanel as i think!
Buy = 23700
Target Phase 1= 23900
Target Phase 2= 24000
Stoploss = 23600
Also fib retracment from the top stop at 0.618 directly wich is another strong support
Rsi 14= around 50 level and on 1 hour chart neutral and looks bullsih there to!
USTECH Long Opportunity USTECH has been making some bullish strides and continues the overall bullish trend. Last week, price broke above the major pivot level at $23680 and seems to be maintaining its bullish structure
Price is currently in a retracement and is testing the $23680 level where i am expecting a bounce to the upside in continuation with the bullish trend.
From the higher timeframes price is trading above all 3 SMA and in the bullish region of the RSI. on the 1 hour timeframe, price is maintaining its position above the Bullish support trendline and the 200 SMA which adds to the bullish move i am looking at.
Alternatively if price continues to move down, i am targeting the support level at $23520 where buyers are sitting and having enough momentum to push the market higher.
Looking for long positions from either the $23680 or alternatively the $23520 level.
NASDAQ testing its 4H MA50. Will it offer Support?Nasdaq (NDX) has been trading within a Channel Up since May 11 and is approaching its 4H MA50 (blue trend-line) today following a Wednesday initiated pull-back.
Technically this is so far a normal correction for this pattern, which offers a short-term buy signal as the 3 times during those 4 months that it broke convincingly, it rebounded on or close to the 4H MA200 (orange trend-line).
As a result, if the 4H MA50 offers a rebound, we could see a +9.80% rebound from the 4H MA200, the minimum that this Channel Up has delivered upon a Bullish Leg. That gives a Target of 24800.
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USTEC: Likely continuation following pullbackNAS100 climbed a steep uptrend and my expectation is for a continuation as marked on my chart, with an upside target at around 24,300.
This area here is where it can become a decision point, either price finds support and bounces, or it breaks below, and that’s when we might see the move start to extend lower.
If I were to take a side here, I would definitely choose more upside, but again only price action should determine next move.
But if price breaks below the trendline with conviction, it would invalidate the bullish scenario, suggesting that the uptrend may pause or could even reverse short-term.
Just sharing my thoughts for the charts, this isn’t financial advice. Always confirm your setups and manage your risk properly.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
NAS100 3 Drive Pattern Correction Wait For BoS📊 The NAS100 has pulled back after a strong bullish run and is currently facing some pressure 📉. I’m watching a three-drive pattern that appears to have extended into a fourth drive, followed by a corrective phase 🔄. From a smart money perspective, liquidity is often targeted after a strong expansion in trend — patterns like the three-drive can frequently lead to a deeper retracement before the continuation resumes. With that in mind, I’m anticipating the possibility of a further pullback before positioning for a potential long setup on a bullish break of structure 🚀 (not financial advice).
NAS100 - Stock Market Waiting for Jackson Hole Leak!The index is above the EMA200 and EMA50 on the 4-hour timeframe and is trading in its ascending channel. If the index corrects downwards towards the specified demand zones, you can buy Nasdaq with appropriate reward and risk.
According to a recent report from JPMorgan, the new U.S. tariffs could have significant repercussions for the American economy. The bank projects that these tariffs may reduce U.S. GDP by as much as 1% while simultaneously pushing inflation higher by up to 1.5%.
This year’s tariff hikes represent the largest increase since World War II, with the effective tariff rate rising to nearly 18%. With the expiration of tariff exemptions on imports under $800, consumer goods prices are expected to climb further.
JPMorgan has warned that both consumers and businesses may struggle to absorb these additional costs, raising the risk of stagflation. Meanwhile, monthly inflation has remained within the 0.3% to 0.5% range, suggesting that the Fed’s preferred inflation gauge could rise toward 3% to 3.5%.
As U.S. tariffs have surged to their highest levels in decades, revenues from these duties hit a record $28 billion in July. According to estimates by the Tax Foundation, tariff revenues could total about $2.2 trillion by the end of this decade. However, this is also expected to trim GDP by around 0.9%.
Research conducted by Yale University indicates that tariff policies could reduce annual household income by approximately $2,400, since part of these tariff costs are passed on to consumers by companies.
At the same time, Berkshire Hathaway, led by Warren Buffett, has made notable adjustments to its investment portfolio:
• It purchased 6.6 million shares of steelmaker Nucor.
• It added 5 million shares of healthcare insurer UnitedHealth.
• It fully divested its holdings in T-Mobile US.
• It trimmed its stake in Apple by 6.7%, reducing its position to 280 million shares.
Meanwhile, Goldman Sachs reiterated its outlook that the Federal Reserve will cut interest rates three times before the end of 2025. The projected reductions include three 25-basis-point cuts in September, October, and December. Additionally, two further cuts are expected in 2026, bringing the terminal rate down to the 3%–3.25% range. Markets have already increased their bets on a September rate cut. Recent weakness in inflation and employment data has paved the way for such accommodative policy measures.
Federal Reserve Chair Jerome Powell is scheduled to deliver a speech at the Jackson Hole Symposium on August 22, 2025—an event that has become an unofficial policy-setting platform. Analysts at Morgan Stanley expect Powell will attempt to temper market expectations for a 50-basis-point cut in September. Given the political pressures and mixed economic signals, Powell may only endorse a 25-basis-point cut, or potentially push back against easing altogether.
Any of these outcomes could disappoint markets, especially if Powell fails to deliver clear guidance. His speech may therefore play a decisive role in shaping U.S. monetary policy for the remainder of the year and could drive heightened volatility across markets.
Although this week’s economic calendar features several important housing and manufacturing reports, the spotlight will remain firmly on the Fed. On Tuesday, July housing starts and building permits data will be released. Wednesday brings the FOMC’s July meeting minutes, speeches from key Fed officials Waller and Bostic, and the official kickoff of the annual Jackson Hole Symposium.
On Thursday, markets will digest a packed set of data, including the Philadelphia Fed manufacturing index, weekly jobless claims, the preliminary August S&P Global PMI, and July existing home sales.
The highlight of the week will be Friday, when all eyes turn to Jerome Powell. His annual Jackson Hole speech is expected to provide fresh clues about the Fed’s policy trajectory—guidance that could strongly influence market direction in the weeks ahead.
NASDAQ| BULLISHHTF Bias: Bullish. Structure intact, bullish intent confirmed, previous highs broken to the upside. All bullish setups remain valid. Strong 4H levels holding; price pushing upward cleanly — past interventions not a concern.
MTF Observation: Deep liquidity formed on the sell side. We’re waiting for it to be taken out to mitigate order block areas between 23,500–23,400. Once sweep occurs, refined internal structure will align for bullish continuation.
Entry Plan: After order block mitigation, drop to lower timeframes for CHoCH confirmation and precision entry. Until then, we observe, follow price, and maintain patience.
Mindset Note: Play smart money. Stay disciplined. Hold your spot, let the market show the path, then execute with precision. Let’s go. 🚀
NAS100 - Uptrend Intact, Prefer Pullback LongsPrimary trend remains up. A brief weekly break lower did not hold, so I favor continuation after a dip to let entries load. If we get the pullback into marked demand or trend support, I’ll look for longs targeting the path higher. There is overhead supply near all-time highs, so I will treat that zone as take-profit rather than assume discovery beyond it on first touch.
NAS100 – Key Support RetestPrice has pulled back from 23,985.8 resistance and is now testing the 23,700.0 zone. A solid hold here could fuel another leg higher, but a break lower may expose 23,587.4 and 23,480.0.
Support at: 23,700.0 🔽 | 23,587.4 🔽 | 23,480.0 🔽 | 23,280.0 🔽 | 22,960.0 🔽
Resistance at: 23,880.0 🔼 | 23,985.8 🔼
🔎 Bias:
🔼 Bullish: Holding 23,700.0 could lead to a retest of 23,880.0 and 23,985.8.
🔽 Bearish: A break below 23,700.0 shifts focus to 23,587.4 and 23,480.0.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
NASDAQ After the Fireworks: Bearish Setup LoadedAfter the classic 4th of July rally, I stepped in on the short side of Nasdaq, targeting 22,000 and 21,400 zones. The market structure shows exhaustion, and with the cloud retest failing to hold new highs, I positioned accordingly.
Technical:
• Price stalled at prior expansion highs with tight compression near 23,000.
• Daily FibCloud offered resistance confirmation.
• Bearish risk-reward skew forms after extended rally and thin retraces.
• Volume divergence spotted.
Fundamentals:
Multiple overlapping uncertainties:
• Trump confirmed tariffs will take effect on August 1, threatening a 10% surcharge on BRICS-aligned nations.
• Treasury Secretary Bessent anticipates several trade deal announcements within 48h—but stresses quality over quantity.
• Bank of America maintains its base case of 0 rate cuts in 2025, citing strong economic data and sticky inflation risks.
The combination of tariff escalation, hawkish monetary expectations, and global trade friction creates a perfect backdrop for volatility and correction—especially in overextended tech indices like the Nasdaq.
Note: Please remember to adjust this trade idea according to your individual trading conditions, including position size, broker-specific price variations, and any relevant external factors. Every trader’s situation is unique, so it’s crucial to tailor your approach to your own risk tolerance and market environment.
US100: Bullish Continuation & Long Trade
US100
- Classic bullish setup
- Our team expects bullish continuation
SUGGESTED TRADE:
Swing Trade
Long US100
Entry Point - 23703
Stop Loss - 23669
Take Profit - 23777
Our Risk - 1%
Start protection of your profits from lower levels
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Technical Analysis for NAS100Closing Price: 23,716.40 (16th Aug 2025, 2:05 AM UTC+4)
Analysis Methods: Japanese Candlesticks, Harmonic Patterns (ABCD, M/W), Elliott Wave, Wyckoff, Gann Theory (Time/Square of 9/Angles), Ichimoku, RSI, Bollinger Bands, VWAP, Moving Averages (MA/EMA/SMA/WMA).
1. Long-Term Trend (Weekly/Monthly)
Elliott Wave:
NAS100 is likely in Wave (V) of a multi-year bull cycle (Wave III peak: 24,500 in Jul 2025, Wave IV correction to 22,800).
Target: 24,800–25,200 for Wave V completion (1.618 extension of Wave I).
Gann Price Forecasting:
Square of 9: √23,716.40 ≈ 154.00 → Key resistance at 155² = 24,025, then 156² = 24,336.
Major Support: 153² = 23,409 (Gann 45° angle).
Ichimoku (Weekly):
Tenkan/Kijun: Bullish crossover (Tenkan: 23,200 > Kijun: 22,900).
Cloud: Price above thick Senkou Span (23,000–23,300) – bullish momentum.
Moving Averages:
Monthly EMA(50): 22,500 (primary trend support).
Swing Outlook: Bullish but extended. Final Wave V rally possible to 24,800–25,200.
2. Medium-Term Swing (4H/Daily)
Harmonic Patterns:
Bearish ABCD on 4H:
A: 23,900 → B: 23,400 → C: 23,800 → D: 23,730–23,750 (1.272 BC extension).
Bullish Bat (M Pattern) on daily: Potential reversal zone near 23,400 (0.886 XA retracement).
Wyckoff Phase:
Distribution signs above 23,700:
Upthrust at 23,780 (15th Aug) on declining volume.
Lack of demand above 23,750.
Gann Theory:
Time Window: Aug 19–21 (Square of 9 date cluster) for reversal risk.
Price-Time Squaring: 23,716 aligns with Aug 16 – watch for consolidation.
Indicators:
RSI(14) + Bollinger Bands (Daily):
RSI: 67 (neutral-bullish, not overbought).
Price testing upper BB(20,2) at 23,750 – band expansion suggests volatility.
VWAP (Daily): 23,600 (swing support).
Swing Trade Setup:
Short near 23,750 (ABCD target) → Target 23,400. Stop-loss: 23,850.
Long near 23,400 (Bat + Gann 153² support) → Target 24,000. Stop-loss: 23,300.
3. Intraday Outlook (5M–4H)
Key Levels:
Resistance: 23,750 (Gann 1x1 angle), 23,800 (psychological).
Support: 23,650 (VWAP), 23,600 (Kijun Sen), 23,500 (200-EMA).
Indicators:
Ichimoku (1H):
Tenkan: 23,710, Kijun: 23,680 → Price straddling Kijun (neutral bias).
Cloud: Thin bullish cloud (23,650–23,670) – intraday support.
RSI + Bollinger Bands (1H):
RSI(14): 60 (neutral).
Price pinned to upper BB(20,2) – overextended above 23,730.
VWAP + MAs:
VWAP: 23,650 (intraday baseline).
EMA(20): 23,700 (dynamic resistance).
Candlestick Patterns:
4H Shooting Star at 23,780 (15th Aug) → Bearish reversal signal.
1H Bearish Engulfing below 23,720 – confirms short-term weakness.
Gann Intraday Squaring:
Time Cycles: 10:00–12:00 UTC+4 (geometric volatility window).
Price Harmony: Breakdown below 23,700 targets 23,650 → 23,600.
Intraday Trade Plan:
Sell below 23,700 → Target 23,650 (VWAP) → 23,600 (1H cloud).
Buy above 23,750 only if RSI <65 → Target 23,800.
Stop-Loss: 30–40 points risk.
Summary of Key Signals
Time Frame Bias Entry Target Stop-Loss
Intraday Bearish <23,700 23,690–23,700 23,600–23,650 23,740
Swing Bullish 23,400–23,450 24,000–24,300 23,300
Swing Bearish 23,750–23,780 23,400–23,500 23,850
Critical Events Ahead:
Gann Reversal Window: Aug 19–21 (watch for tech earnings/Fed minutes).
Daily Close >23,800 invalidates bearish ABCD and targets 24,025.
Risk Note: NAS100 is sensitive to interest rate expectations. Tight stops advised in FOMC blackout period.
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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.
US100 Near End of Wave ((v)) of 3 of (5)Overall Wave Structure (2016–2025):
Wave 1 (or Sub-Wave Extension, 2016–2018): From ~4,266 (Feb 2016 trough) to ~8,109 (Sep 2018 peak). This is often labelled as an impulsive advance, subdivided into five smaller waves, driven by post-financial crisis recovery and tech innovation.
Wave 2 (Correction, Late 2018): A sharp 3-wave (A-B-C) zigzag down to ~6,190, retracing about 38.2% of Wave 1 (Fibonacci level). This aligns with classic Elliott rules for wave 2 corrections being deep but not exceeding the start of wave 1.
Wave 3 (Extended Rally, 2019–2021): The strongest impulse, from ~6,190 to ~16,057 (Nov 2021 peak). Subdivided into five sub-waves, with extensions in sub-wave iii, reflecting the pandemic-era tech surge.
Wave 4 (Major Correction, 2022): A complex 3-wave decline (A-B-C) to ~10,213 (Oct 2022 trough), retracing ~38.2%–50% of Wave 3. Sources describe it as a "setup for higher highs," not the end of the bull cycle.
Wave 5 (Ongoing Advance, 2023–2025): From ~10,213 to current, but really near the peak of wave ((v)) 5(3), with prospect of a deep corrective. Character of the end of wave 5 includes a broadening market, with the main group of drivers of growth being stagnant. Wave 5 is also characterised with euphoria, sometimes things looks rossy, bright and never ending bullishness before an abrupt pivot down.
NASDAQ is Nearing the Intersection of The Trend with Resistance!Hey Traders, in today's trading session we are monitoring NAS100 for a selling opportunity around 23,875 zone, NASDAQ is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 23.875 support and resistance area.
Trade safe, Joe.