Nasdaq NDX: Two Crucial Price Levels Right Now
Nasdaq 100 ( $NASDAQ 100(NDX)$ ) Technical Analysis
Nasdaq 100 E-mini futures to show intraday prices
1. Breakout from a Rising Wedge
The price broke below a rising wedge pattern, signaling a potential reversal from an uptrend to a downtrend. Rising wedges typically exhibit higher highs and higher lows, but a downside breakout suggests weakening bullish momentum. This breakdown increases the likelihood of further downside unless the price reclaims the wedge’s former support (now resistance).
2. Current Trend: Lower Highs and Lower Lows
The NASDAQ is forming a series of lower highs (LH) and lower lows (LL), confirming a near-term bearish trend. Lower highs indicate fading buying pressure, while lower lows reflect sustained selling momentum. This pattern reinforces downside risks unless the price breaks above recent swing highs.
3. Key Resistance Levels
The current price (~19,919) faces resistance at:
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62% Fibonacci retracement and the psychological 20,000 level.
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20,600, a prior swing high, which could act as additional resistance if the price rebounds further.
A rejection at these levels may renew selling pressure, while a breakout could shift sentiment to neutral/bullish.
4. Immediate Support at 19,300
The critical support level is 19,300. A decisive break below this level would strengthen the bearish case, potentially accelerating downward momentum. Otherwise, this level is an immediate support level.
Warrant Trading for Short-Term Trading
Structured warrants provide leveraged exposure to the underlying index for short-term trades.
If price breaks and sustains above the resistance zone (~20,600) with momentum, call warrants (e.g. $NASDAQ 18500MBeCW250919(VUBW.SI)$ ) may benefit from the upside.
If price is rejected at resistance and turns down — or breaks below the 19,300 support — put warrants (e.g. $NASDAQ 15500MBePW250919(9PVW.SI)$ ) could gain from downside movement.
Note: The featured call or put warrant is one of the warrants quoted on tight spreads and high liquidity. They are also trending warrants.
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Information found in Binni Ong commentary is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. She is providing education and training, and is not regulated by the Monetary Authority of Singapore or any financial regulatory body.
This commentary piece is sponsored by Macquarie Warrants Singapore. The views expressed by Binni Ong do not represent the views of Macquarie Group, nor its affiliates.
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Investment products including warrants are subject to significant investment risks, including the possible loss of the principal amount invested.
Where past performance is referred to, it is not indicative of future performance. Examples quoted in this presentation are for illustration purposes only and do not represent any investment views or strategies. Advice should be sought from a financial adviser regarding the suitability of the investment product before you commit to invest in it.
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