๐ Tech Stocks Facing Pressure โ Oversold Bounce?
๐ธ The Nasdaq 100 has been in a strong downtrend, but price is now testing a major demand zone at 20,200 - 20,500.
๐ธ Weakness has been driven by:
โ Rising bond yields hurting growth stocks.
โ Profit-taking after extended rallies in AI & tech.
โ FOMC rate outlook uncertainty creating volatility.
๐ก Upcoming Catalysts
๐น The NFP report & Powell's speech will be crucial for short-term direction.
๐น If inflation data remains high, rate cut expectations could be delayed โ bearish for NAS100.
๐น However, if bond yields cool off, tech stocks could see a strong relief rally.
๐ Technical Analysis (1H Timeframe)
๐ Key Levels & Market Structure
๐น Demand Zone: $20,200 - $20,500 (Strong support)
๐น Resistance Levels:
๐ธ $21,126 โ First upside target.
๐ธ $21,901 โ Major supply zone (potential reversal area).
๐ Possible Bullish Reversal Setup
๐ Price is testing a high-probability demand zone, suggesting buyer interest.
๐ If price breaks above $20,512, we could see a rally toward $21,126 & $21,900.
๐ Bullish confirmation if price closes above $20,600.
๐ Trade Plan
โ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $21,126
Target 2: $21,901
Invalidation: If price breaks below $20,200.
โ Bearish Alternative
If price fails to hold above $20,200, expect a deeper correction.
๐ฅ Final Thoughts:
Nasdaq is at a critical support level โ will bulls step in, or will sellers dominate? Comment below with your bias! ๐๐
๐ธ The Nasdaq 100 has been in a strong downtrend, but price is now testing a major demand zone at 20,200 - 20,500.
๐ธ Weakness has been driven by:
โ Rising bond yields hurting growth stocks.
โ Profit-taking after extended rallies in AI & tech.
โ FOMC rate outlook uncertainty creating volatility.
๐ก Upcoming Catalysts
๐น The NFP report & Powell's speech will be crucial for short-term direction.
๐น If inflation data remains high, rate cut expectations could be delayed โ bearish for NAS100.
๐น However, if bond yields cool off, tech stocks could see a strong relief rally.
๐ Technical Analysis (1H Timeframe)
๐ Key Levels & Market Structure
๐น Demand Zone: $20,200 - $20,500 (Strong support)
๐น Resistance Levels:
๐ธ $21,126 โ First upside target.
๐ธ $21,901 โ Major supply zone (potential reversal area).
๐ Possible Bullish Reversal Setup
๐ Price is testing a high-probability demand zone, suggesting buyer interest.
๐ If price breaks above $20,512, we could see a rally toward $21,126 & $21,900.
๐ Bullish confirmation if price closes above $20,600.
๐ Trade Plan
โ Bullish Scenario
Buy near support if price shows rejection.
Target 1: $21,126
Target 2: $21,901
Invalidation: If price breaks below $20,200.
โ Bearish Alternative
If price fails to hold above $20,200, expect a deeper correction.
๐ฅ Final Thoughts:
Nasdaq is at a critical support level โ will bulls step in, or will sellers dominate? Comment below with your bias! ๐๐
โ
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
โ
JOIN FREE SIGNALS t.me/frankfxforextrade
โ FOR VIP DM: t.me/frankfx22
โ Latest Video :tinyurl.com/derivbot
โ ICMARKETS frankfxx.com/icmarkets
โ EXNESS frankfxx.com/exness
โ DERIV frankfxx.com/deriv
โ FOR VIP DM: t.me/frankfx22
โ Latest Video :tinyurl.com/derivbot
โ ICMARKETS frankfxx.com/icmarkets
โ EXNESS frankfxx.com/exness
โ DERIV frankfxx.com/deriv
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.