EXCLUSIVE OFFER
Get the latest trade ideas from our community to enhance your market insights and identify key entry points. Sign up for our newsletter to get live updates.
NAS100 Support Level In View
Welcome to Friday’s trade! It’s been a big week on the markets, headlined by the IMF, US CPI, and US PPI. The bottom line: inflation is up, Fed rate hike expectations are growing, and the IMF sees doom on the horizon. Also, oil prices are on the move north after another round of Middle East unrest. What’s next? Let’s dive in and identify the day’s sentiment.
At press time, US stocks are trading mixed. One of the big stories in finance is the NASDAQ. Prices are in the red again today, with weekly losses nearing 4%. Bond yields and interest rate angst are driving sellers to big tech. Is it time to buy the dip? If so, here’s a support level worth watching in the NAS100 as we roll towards late October:
Weekly 78% Fibonacci Retracement: 29,308.6
Be sure to check out our Key Levels for more information on this Trade Idea.
Throughout 2026, weekends have been key market drivers. Will this weekend bring more of the same? Anything is possible; it will pay to keep a close eye on developments from the Middle East, Russia/Ukraine, and the US Election ahead of Monday’s open.
That’s all for now…see you at today’s US session livestream! (12:45 PM EST, Switch Markets on YouTube)
Input your email to be notified when our next free competition is open for registration.
Subscribe for on-demand lessons, trade ideas, trading challenges and weekly newsletters packed with actionable information.
