The Nasdaq 100 has been on a strong upward trend since April 19, breaking through technical resistance levels and shifting to an uptrend.
Trend Overview
- The prevailing trend is bullish, but it is currently facing selling pressure.
- Indicators indicate a decline in buying momentum.
- The price has broken the 50-day moving average on the H1 for the first time in over a week.
NASDAQ : Possible Trading Scenarios
Buoyant Scenario (Quick Rebound):
- Entry Condition: The price returns above 19156.00 with a confirmation candle.
- Targets: 19316, then 19514.
- Stop Loss: Below 18906.
Between: (Currently Preferred):
- Sell entry upon a retest of 19156 as resistance.
- Downside targets: 18900, then 18772.
- Stop Loss: Above 19300.
If the price fails to return above 19156 in the coming hours, a corrective trend is strongly likely.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 19316.34 | 18908.65 |
| Target Point 1 (TP1) | First resistance: 19514.95 | First support: 18772.76 |
| Target Point 2 (TP2) | Second resistance: 19570.45 | Second support: 18720.12 |
| Stop Loss (SL) | 18908.65 | 19316.34 |
The Nasdaq 100 is sending initial signals of a short-term trend change after breaking clear technical support and losing positive momentum. A sell-off scenario is now more likely, especially if the price fails to reclaim the 19,156 level.
Traders should monitor price action near the 18,900 support level, where new buyers may emerge.
