The NASDAQ 100 continues its bullish run, with a 25,000 target in focus while support near 24,000 may offer buy-the-dip opportunities.
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Tesla pulled back from $440 resistance, with support near $395 expected to offer a floor before the stock resumes its broader bullish trend.
The NASDAQ 100 pulled back to 24,400 before buyers stepped in, with the broader uptrend supported by Fed rate cut optimism and strength in key tech stocks.
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The Nasdaq 100 pulled back from recent highs on Wednesday, testing support around 24,000–23,500 while traders watch for a bounce toward the 25,000 level.
Nvidia is looking a little softer during the trading session here on Tuesday after an explosive Monday. It was announced on Monday that Nvidia was going to purchase a huge portion of OpenAI investing $100 billion in order to expand its footprint across AI. And of course, people got excited. The market shot straight up in the air and slammed right into the $184 level, which had been a previous high. So the question is, can we break above $184? I really don't see anything on this chart that tells me we can't. Although purists would perhaps say this is an inside candle. It’s a Bearish Harami. I don't know about that. That doesn't typically end up being a very reliable signal anyways.
The German index gapped lower to kick off the trading session here on Monday but found buyers after filling a gap from last week. In post-market trading, we are starting to see a bit of buying pressure as well. So, I do think that we continue to be attracted to the 50-day EMA currently at the 23,832 euro level. If we can break that level, then it opens up a potential move to the 24,500 euro level, which has been a bit of a brick wall. The big question on a breakout will be, can we get above Tuesday, September 2nd candlestick? Because if we can, then technically speaking at least, it looks like we should go higher. Short-term pullbacks, we'll continue to find buying pressure, I would anticipate, all the way down to at least the 23,000 euro level, if not the 200,000. day EMA, is 22,670 euro.
Nvidia has been somewhat choppy during the early hours on Monday, as we continue to stay in the same consolidation area that we have been in for some time. All things being equal, this is a market that continues to see a lot of noisy behavior, and it is probably worth noting that we are just simply “killing time” at the moment, as we are trying to figure out whether or not the overall markets can continue to go higher.
The German index rally initially during the trading session on Friday, reaching toward the 50 Day EMA, before pulling back a bit. All things being equal, this is a market that is still in the midst of some type of consolidative action, and we are trying to figure out where to go next. Ultimately, if we can break above the 50 Day EMA, that would be a very bullish turn of events, and it could open up a move toward the €24,500 level
The Nasdaq 100 rallied after the Fed’s 25 bps cut, with momentum fueled by Nvidia and Intel as bulls target the 25,000 level.
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The S&P 500 bounced from Fed-driven volatility to record highs near 6,660, but traders must watch 6,670 resistance and 6,649 support as choppy sentiment persists.
The Nasdaq 100 is trading at record highs above 24,400 after the Fed cut rates, but traders should watch for volatility with 24,450 resistance and 24,401 support in play.
Meta stock slipped ahead of the Fed meeting, but strong AI prospects and key $500 support suggest buyers remain in control.
The DAX continues to weaken, with 23,000 acting as critical support as German layoffs and global slowdown fears weigh heavily on the index.
The S&P 500 gave back early gains Tuesday, with markets cautious ahead of the Fed decision, eyeing 6,500 support and 6,700 resistance.
The NASDAQ 100 continues higher toward 25,000, but with the Fed decision looming, traders should watch for potential pullbacks before the next rally.
