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Nasdaq 100: Market Optimism Builds Ahead of Big Tech Earnings Nasdaq 100: Market Optimism Builds Ahead of Big Tech Earnings The earnings season is gaining momentum. This week, major technology companies such as Alphabet (GOOGL) and Tesla (TSLA) are scheduled to release their quarterly results. Given that 85% of the 53 S&P 500 companies that have already reported have exceeded analysts’ expectations, it is reasonable to assume that market participants are also anticipating strong results from the big tech names. The Nasdaq 100 index (US Tech 100 mini on FXOpen) set an all-time high last week — a level that may be surpassed (potentially more than once) before the end of August. Technical Analysis of the Nasdaq 100 Chart Price movements have formed an upward channel (marked in blue), with the following dynamics observed: → The bearish signals we highlighted on 7 July did not result in any significant correction. This may be interpreted as a sign of a strong market, as bearish momentum failed to materialise despite favourable technical conditions. → Buyers have shown initiative by gaining control at higher price levels (as indicated by the arrows): the resistance at 22,900 has been invalidated, while the 23,050 level has flipped to become support. → A long lower shadow near the bottom boundary of the channel (circled on the chart) underscores aggressive buying activity. Should the earnings and forward guidance from major tech firms also come in strong, this could further reinforce the sustainable bullish trend in the US equity market. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq 100: Bearish Signals Near the All-Time High Nasdaq 100: Bearish Signals Near the All-Time High As the 4-hour chart of the Nasdaq 100 (US Tech 100 mini on FXOpen) shows, the index reached a new all-time high last week. However, the price action suggests that the current pace of growth may not last. Last week’s strong labour market data triggered a significant bullish impulse. However, the upward momentum has been entirely retraced (as indicated by the arrows). The tax cut bill signed on Friday, 4 July, by Trump — which is expected to lead to a significant increase in US government debt — contributed to a modest bullish gap at today’s market open. Yet, as trading progressed during the Asian session, the index declined. This suggests that fundamental news, which could have served as bullish catalysts, are failing to generate sustainable upward movement — a bearish sign. Further grounds for doubt regarding the index's continued growth are provided by technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) chart, specifically: → a bearish divergence on the RSI indicator; → price proximity to the upper boundary of the ascending channel, which is considered resistance. It is reasonable to suggest that the market may be overheated and that bullish momentum is waning. Consequently, a correction may be forming — potentially involving a test of the 22,100 level. This level acted as resistance from late 2024 until it was broken by strong bullish momentum in late June. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq 100 drops to its lowest level since January 2024 Nasdaq 100 drops to its lowest level since January 2024 According to the chart of the Nasdaq 100 (US Tech 100 mini on FXOpen), the index opened this week around the 16,500 mark – a price level last seen in early 2024. This suggests that the sharp sell-off in equities seen last Thursday and Friday may well continue today. Stock indices respond to Trump’s tariffs Treasury Secretary Scott Bessent said on NBC News’ Meet the Press that there is “no reason” to expect a recession. However, equity charts reflect market sentiment described by CNN Business’s Fear & Greed Index as “extreme fear”. This wave of negativity followed President Trump’s announcement on 2 April of harsher-than-expected international trade tariffs. In response, China and other nations announced retaliatory measures. As a result, the Nasdaq 100 (US Tech 100 mini on FXOpen) now trades roughly 25% below its 2025 peak – officially entering bear market territory. Technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) Back on 28 February, we drew an ascending trendline (line A). Bulls attempted a rebound from this support (as shown by the arrow), but their efforts were overwhelmed by the White House’s latest policy decisions. Given the updated price action, we can now treat line A as the median of an ascending channel. From this perspective, the index is currently near the lower boundary of the channel. Technically, this could indicate potential support. However, as long as the price remains below the bearish gap – which includes the key psychological level of 17,000 – talk of a meaningful recovery may be premature. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq 100: Bearish Signals Amid Increased Volatility Nasdaq 100: Bearish Signals Amid Increased Volatility As revealed by the technical analysis of the 4-hour Nasdaq 100 chart (US Tech 100 mini on FXOpen), the ATR indicator has been above 125 since the start of 2025, in contrast to late 2024 when it was mostly below this level. This reflects heightened volatility in the US stock market due to: → Trump’s inauguration: The president has already signed an executive order withdrawing the US from the World Health Organization. Market participants anticipate further decisions in the near future that could significantly impact the nation’s economy. → Earnings season: Companies are releasing reports, prompting analysts to revise forecasts. For instance, a Jefferies analyst downgraded Apple’s (AAPL) stock rating and lowered the price target from $211 to $200, citing potentially weak revenue figures. Apple’s quarterly report is due on 30 January. On the Nasdaq 100 chart (US Tech 100 mini on FXOpen), a bearish move (indicated by the arrow) is notable for: → Indicating that the median line of the ascending channel has turned into resistance; → Suggesting that the apparent bullish breakout above the upper red line now seems to be a false breakout. The long lower wick on the far-right bearish candle points to strong demand around the 21,300 level. However, will buyers remain active if Trump’s actions and corporate earnings reports increase risks for them? This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq 100 Reaches Record High Nasdaq 100 Reaches Record High On 29th October, analysing the Nasdaq 100 (US Tech 100 mini on FXOpen) chart, we: → Drew a blue upward channel relevant for 2024. → Noted that the price was in a consolidation phase (indicated by narrowing purple lines) at the channel's median, suggesting a potential balance of supply and demand forces. → Warned that earnings season could trigger a volatility spike. → Suggested that the price was likely heading toward a new all-time high. Since then: → Amid company earnings reports, we observed a volatility spike in November, which was further amplified by the release of US presidential election results. → The index achieved a new all-time high. The Nasdaq 100 (US Tech 100 mini on FXOpen) chart shows that the index surpassed the $22,000 level for the first time yesterday. This was supported by positive trader sentiment ahead of tomorrow's Fed interest rate decision. According to Forex Factory, the rate will be cut by another 25 basis points (returning to the February 2023 level). Meanwhile, the technical analysis of the Nasdaq 100 (US Tech 100 mini on FXOpen) reveals that: → The price has approached the upper boundary of the upward channel, which could serve as strong resistance. → Since early December, the index has risen by approximately 5.5%, and the RSI indicator has entered the overbought zone for the first time since July. Under such conditions, bulls may struggle to continue the upward momentum, as more investors might look to lock in profits ahead of the holiday season. Additionally, the market's reaction to tomorrow's Fed interest rate release at 21:00 GMT+2 may play a key role. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nasdaq Composite Index: A Ray of Hope Nasdaq Composite Index: A Ray of Hope On July 31, we noted that the Nasdaq Composite Index (US Tech 100 mini on FXOpen) had reached significant support, highlighting trendline A and warning of potential volatility spikes due to fundamental news from the Federal Reserve and earnings season. Since then, the price of the Nasdaq Composite Index (US Tech 100 mini on FXOpen): → Jumped to the 19540 level; → But encountered resistance there (indicated by an arrow), as this was previous support; → And returned to trendline A. Thus, we have an argument that can be interpreted as the bulls' inability to resume the upward trend. The bears seized the opportunity to take control and break below trendline A on August 2. Contributing factors included: → The decline in the Japanese stock market, which we wrote about yesterday. It is possible that the extremely strong sell-off of Japanese company shares affected sentiments in the US. → Increasing talks of a recession due to very weak US labour market data (published on Friday, which we also covered yesterday). At the low point yesterday, the Nasdaq Composite Index (US Tech 100 mini on FXOpen) dropped by 7% from Friday's close. Of course, this isn't comparable to March 16, 2020, when the index fell by 12.32%, or October 19, 1987 (known as "Black Monday"), when it dropped by 11.35%. Nonetheless, the mood was grim – as CNBC reports, the stock market had its worst day in about two years. The RSI index fell to the oversold boundary. But not all is bleak. Technical analysis of the Nasdaq Composite Index (US Tech 100 mini on FXOpen) chart shows that: → The price is near line B, which is drawn parallel to line A at a distance equal to the height of the previous channel. → And this line B shows signs of support – by Monday's close, the bulls managed to reclaim almost all the progress made by the bears since the start of the session. → Yesterday's candlestick forms a "Hammer" pattern, which is a reversal pattern appearing after a decline and suggests seller capitulation and a potential upward reversal. → In the background is the important April low around the psychological level of 17k. According to CandleScanner's research on the US stock market over 20 years, this pattern failed in about 21% of cases. Therefore, signs of weakening selling pressure will indicate that this time the pattern, appearing near line B, may be effective. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.