Monthly and Weekly Charts Show Strong Bullish Momentum
As of May 19, 2025, the NDX (NASDAQ 100) continues to display strong bullish momentum across higher timeframes:
- The monthly candle is decisively bullish with a very small wick, which suggests strong buying pressure and that bulls are in firm control for the rest of the month.
- Similarly, the weekly candle mirrors this strength, comparable to the bullish setup seen in the SPX.
Key Resistance Zone: 21605
The next critical level to watch is 21605, which acts as a major resistance zone. Here’s why:
- This price level was last approached on February 18, 2025, when a sharp sell-off occurred.
- Since then, this area has never been retested, making it a powerful level for price reaction.
This Week’s Price Action & Trade Setup
With both the monthly and weekly candles showing bullish strength, we expect a pause or consolidation phase this week—likely in the form of an inside bar.
NDX Technical Analysis to trade on Monday
- On the daily chart, the previous candle is already an inside bar, which typically signals a potential breakout setup.
- Buy Entry: $21,457.67
- Stop Loss: Below the entry candle low or recent swing low
- Target: $21,674 or higher
- Risk-Reward: Favorable based on current momentum
For best results, combine this trade with my Bullish-Bearish Setup . It’s back-tested and reliable in trending markets like this.
Important Sell Condition (Only If This Happens)
Currently, there is no sell setup. However, if NDX opens with a gap-up near the 21605 resistance zone and a valid 5 EMA reversal setup forms, a short trade may be considered.
📌 For this, refer to the detailed explanation of the 5 EMA Strategy
Final Thoughts
If you follow my NDX Technical Analysis, I highly recommend reading my 6 Key Strategies on the website. These will help you trade with confidence and consistency.
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