Get started

Support and Resistance

Comcast Web CastA web of potential zones of influence and 3 curves that might act as support and/or resistance. Looking for consolidations at the elements, breaks, and perhaps one important inflection point at one of them. The main scenario follows the path of the rectangles, but hopefully they are designed well enough so that if the path of the stock price deviates into anything else, we might see a pivot or other developments (: bounce) at the most important of them all which can be either of them depending on the evolutions.
NASDAQ:CMCSA
by nen
NASDAQ: Dancing on the Edge of a Techno-Financial TightropeMarket Overview The NASDAQ-100 (NDX) has recently corrected by approximately 5.5% from its all-time high of 22,133 on December 16, 2024. This comes after a historic rally driven by resilient megacap technology stocks, robust earnings, and the continued dominance of AI-led innovation. Despite the correction, the index remains up 18% year-to-date, outpacing broader indices like the S&P 500, fueled by optimism around productivity-enhancing technologies. However, macroeconomic and geopolitical headwinds could temper this growth into 2025. Technical Analysis Trendlines Short-Term: The NDX remains in a rising trend channel since March 2023, with the lower boundary around 20,500 acting as critical support. A recent breach of its 21-day moving average suggests growing bearish momentum. Long-Term: The index's long-term trendline, extending from the pandemic lows in 2020, remains intact, underscoring investor confidence in the broader tech narrative. Key Levels Support Immediate support: 20,790 (50-day moving average). Strong support: 20,500 (trendline and Fibonacci retracement zone). Resistance Near-term resistance: 21,900 (upper boundary of rising wedge). Critical resistance: 22,133 (all-time high). Momentum Indicators RSI: Declining from overbought territory (currently at 64), signaling potential for further downside before resetting to neutral. MACD: A bearish crossover suggests weakening momentum in the near term. Macroeconomic Context Interest Rates The Federal Reserve has maintained its hawkish stance, with the terminal rate hovering around 5.75%. While inflation has moderated to 2.4%, core inflation remains sticky at 2.8%, keeping rate cuts off the table until mid-2025. Elevated borrowing costs could weigh on tech valuations, particularly for growth companies reliant on cheap capital. Economic Growth U.S. GDP growth is forecasted to decelerate from 2.6% in 2024 to 1.8% in 2025, reflecting weaker consumer spending and tighter financial conditions. This slowdown could dampen earnings growth across the NASDAQ-100 constituents. Corporate Earnings Analysts expect NDX earnings growth of 8% in 2025, down from the blistering 14% in 2024, as cost pressures and a plateauing of AI-related tailwinds take hold. Geopolitical Landscape China-U.S. Relations Increasing tensions over Taiwan and heightened scrutiny of U.S. tech exports to China remain a wildcard. Any escalation could disrupt semiconductor supply chains and impact heavyweights like Nvidia and AMD. Europe Persistent instability in Eastern Europe and ongoing energy challenges pose risks to multinational tech firms with significant operations or customers in the region. Middle East Geopolitical uncertainty stemming from conflicts in the Middle East has kept oil prices elevated (~$95/barrel). Higher energy costs could indirectly affect tech earnings by squeezing consumer and corporate budgets. 2025 Outlook Base Case The NASDAQ-100 ends 2025 up 8–12%, driven by resilient demand for cloud computing, generative AI, and green technology innovations. Support from stable core earnings growth and moderating inflation provides a favorable backdrop. Bear Case Prolonged high interest rates, coupled with weaker-than-expected global growth, lead to a flat or mildly negative year. Key risks include geopolitical flare-ups, regulatory actions on Big Tech, and waning investor enthusiasm for speculative assets. Bull Case A dovish pivot by the Federal Reserve in H2 2025, alongside breakthrough advancements in AI or biotechnology, propels the index to new highs (~24,000). Conclusion The NASDAQ-100 is entering 2025 with a cautiously optimistic outlook, balanced between robust technological trends and mounting macro/geopolitical risks. Investors should monitor key support at 20,500 and resistance at 21,900 as barometers of sentiment. While near-term volatility is likely, the index remains a cornerstone for long-term growth portfolios. For 2025, the focus is on being smart: diligent monitoring, disciplined allocations, and adapting to shifting conditions. "There are three ways to make a living in this business: be first, be smarter, or cheat." – John Tuld – Margin Call (2011)
NASDAQ:NDXLong
by WHSelfInvest
Intraday Levels for Nasdaq 100 Futures - 12/20/2024This analysis focuses on the Nasdaq 100 Futures, aiming to identify potential support and resistance levels where the price could experience intraday bounces or trend reversals, as well as zones where the price might potentially break higher or move lower. Considerations The range used in this analysis serves only as a reference for broader-level insights. For intraday operations, it is advisable to utilize a lower timeframe to refine entry and exit points more accurately. To confirm the validity of these levels, it is essential to evaluate real-time conditions as the price approaches these zones. Factors such as pressure, trading volume, and Order Flow will play a critical role in determining whether these supports hold or are likely to be broken.
CME_MINI:NQ1!
by Giovanni_Bandini
Key Nasdaq Levels After a Volatile Week: Long or Short?Join us for a detailed analysis of Nasdaq futures on Friday, December 20, 2024, as the market reacts to a week of high volatility. With deep corrections and strong movements, here’s what you’ll gain from today’s video: 📈 Long Opportunities: Zones like 21,100–21,200 and key mitigation levels for potential rebounds toward 21,400. 📉 Short Setups: Critical areas like 21,380–21,400 and strategies for taking advantage of bearish momentum below 21,000. 📊 Market Insights: Context on the week's volatility, including the impact of interest rate announcements and possible market trends going into the weekend. This video is ideal for traders looking for actionable insights to navigate a volatile market and position themselves effectively. 🔗 Subscribe now for daily market updates, expert strategies, and exclusive content. Elevate your trading performance today!
CME_MINI:MNQH2025Long
by BinvestorsTrading
GBPAUD: Strong Resistance in Play – What’s Next?Welcome back! Let me know your thoughts in the comments! ** GBPAUD Analysis ! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Welcome back! Let me know your thoughts in the comments!
Short
by OGT_Forex
Gold: Multi Tie FrameHello Traders In the weekly timeframe, an ascending channel is observed, showing a good reaction at its upper boundary. We are waiting for a price pullback to the next resistance level. In the daily chart, an ascending trendline has been broken, with two returns to the breakdown area around 2600.700, indicating the strength of sellers. The price returning to this area for the third time also shows the buyers' insistence. If the price can stabilize below 2532.800, the likelihood of further decline increases. Conversely, if the price cannot break through the green zone, we predict an upward movement to 2606.200. At the same time, we anticipate a slow downward trend and fluctuations to around 2568 in the coming days.
OANDA:XAUUSDShort
by AliSignals
Bravura Solutions | Chart & Forecast SummaryKey Indicators On Trade Set Up In General 1. Push Set Up 2. Range Set up 3. Break & Retest Set Up Notes On Session # Bravura Solutions - Double Formation * 1.600 AUD | Trend Line Survey Valid * 0.800 AUD | Trend Line Uptrend Bias | Subdivision 1 - Triple Formation * Retracement 1 | Not Numbered | Consolidation | Subdivision 2 * Median)) | Conditions Entered | Survey Valid At 1.800 AUD * Retracement 2 | Numbered | Subdivision 3 Active Sessions On Relevant Range & Elemented Probabilities; European Session(Upwards) - US-Session(Downwards) - Asian Session(Ranging) Conclusion | Trade Plan Execution & Risk Management On Demand; Overall Consensus | Buy
CAPITALCOM:BVSAULong
by TradePolitics
ANOTHER PERFECT ENTRY. LONG ETHERIUM RIGHT NOWI was watching to see if the price was going to bounce off this line of support. In which it did which was exactly when i entered the trade. I am still watching at the bottom, there is an area of liquidity that I spotted on the 4 hour time frame in which the price may dip down into before it’s retracement to the upside. I entered at the bounce, though, i setup a pretty generous stop loss as seen on the chart. I also set up a trailing stop loss once it passes this area of consolidation, and i put a “take profit” at an old support level (Now possible resistance). Though, I have faith etherium will once again achieve $4000 again. I have yet to been wrong in any of my trades. I currently have a 100% success rate on these big trades, so let’s see how this goes (YOU CAN STILL ENTER AND MAKE MONEY. SO CLOSE THIS IDEA, OPEN YOUR BROKERAGE, AND ENTER A TRADE) And give me a follow if my ideas make sense to you😘
COINBASE:ETHUSDLong
by Ryan_Does_Trading