NASDAQ 100 Daily Technical Analysis & Setups

NASDAQ 100 DAILY TECHNICAL ANALYSIS - MONDAY 10 AUGUST 2026
Data: Close 10 Aug 2026 | NAS100: 29,621.80 | Change: -100.50 (-0.34%) | Range: 29,606.47 - 29,784.21




MARKET OVERVIEW
The NAS100 closed at 29,621.80, down 100.50 points (-0.34%) after opening at 29,709.49 and failing to hold the early push to 29,784.21. The 177.73-point range was the tightest of the last five sessions - a compression day, not a distribution day. Volume came in at 1.26bn shares versus a 252-day average of 1.32bn (0.95x), so there was no institutional urgency behind the fade.

Three things drove the tape. First, oil - Brent held near $84 as the market waited on an elusive Strait of Hormuz deal that Iran called "very close" but did not deliver, keeping an inflation premium in the front of everyone's mind. Second, Wednesday's July CPI, the single event this week that matters, with the Fed openly split on whether the next move is a hike after Friday's shock -23,000 payrolls print. Third, and most important for index internals, a violent rotation out of semiconductors and into cybersecurity and software following the Black Hat conference, where AI-agent attack surface dominated the agenda.

Breadth was almost perfectly split - 21 advancers, 18 decliners, 1 unchanged - which understates how lopsided the session actually was underneath. Every single one of the 11 semiconductor names in the scan closed red. Every one. Meanwhile PANW +5.82% and CRWD +5.01% both printed fresh 52-week highs. That is not a risk-off day; that is a rotation day.

Bias: Constructive but not aggressive. Price remains 445 points above the 20 EMA and 2763 above the 200 EMA with a bullish EMA stack intact. VIX at 15.45 (+3.7%) is elevated only relative to a very low base. The index is 3.71% below its 52-week high of 30,762.20 - a normal pullback inside an uptrend, not a topping structure. Respect the CPI print on Wednesday; size accordingly until it clears.




TREND STRUCTURE
EMA stack: Close 29,621.80 > 20 EMA 29,176.69 > 50 EMA 28,916.32 > 200 EMA 26,858.43. A textbook bullish alignment, fully stacked, with all three averages rising.

Distance from the means: +445 pts (+1.53%) above the 20 EMA, +705 pts (+2.44%) above the 50 EMA, +2763 pts (+10.29%) above the 200 EMA. That 200 EMA extension is the number to watch - it is a long way from the mean and historically the index does not sustain much more than this without a consolidation.

Structure: The recent swing sequence remains higher-highs / higher-lows. Last week produced a high at 29,946.93 (6 Aug) and a low at 29,123.38 (7 Aug) before Friday's 29,722.30 close. Today's 29,606.47 low held comfortably above that, so the short-term uptrend is technically unbroken. The 30,762.20 52-week high set earlier in the cycle is the only level of consequence overhead.

Phase: Stage 2 advance, mid-to-late. Price above a rising 200 EMA, higher lows intact, but the index has now spent five sessions chopping in a 29,100-29,950 band. That is consolidation inside an uptrend - a continuation pattern until proven otherwise. A daily close below 29,123.38 (the 7 Aug low) would be the first genuine crack.




MOMENTUM AND VOLUME
RSI(14): 56.14 - mid-range and neutral-to-constructive. Well clear of the 50 line that has acted as the floor through this advance, and nowhere near overbought. There is no bearish divergence on the daily: the index made a marginally lower high last week while RSI also made a lower high, so momentum is confirming price rather than diverging from it. Room to run in either direction.

MACD: +54.39 / Signal -131.77 / Histogram +186.17 - the MACD line has crossed back above zero and sits well above a still-deeply-negative signal line, producing a large positive histogram. This is the classic post-correction momentum reset firing back to the upside. The signal line at -131.77 will take several more sessions to catch up, which mechanically keeps the histogram positive and is a tailwind, not a warning.

Volume: 1.26bn versus 1.32bn average = 0.95x. Below-average participation on a down day is a mild positive - sellers were not committed. Note that only four of the 40 components traded above their own average volume today (ABNB 1.93x, DASH 1.65x, REGN 1.10x, CSCO 1.03x). Summer-holiday liquidity is thin; treat single-stock breakouts on sub-1.0x relative volume with appropriate scepticism.




KEY INDEX LEVELS
Resistance
R1 29,735.18 - today's classic pivot R1 and the first line in the sand. Also the Camarilla R4 breakout trigger at 29,719.56 sits just below it, so 29,720-29,735 is a genuine cluster.
R2 29,848.56 - Friday's high was 29,747.15; this zone is where the last two rallies stalled.
R3 29,912.92 - above here the index is unwinding into the 29,946.93 area (6 Aug high) and then the 30,762.20 52-week high.

Support
S1 29,557.45 - today's low was 29,606.47. This is the immediate shelf; losing it opens the gap-fill toward the 20 EMA.
S2 29,493.10 - confluence with the round 29,500 handle. First level a dip-buyer should genuinely respect.
S3 29,379.72 - below this the 20 EMA at 29,176.69 becomes the target, and that is the real trend test.

Classic pivots: S2 29,493.10 . S1 29,557.45 . P 29,670.83 . R1 29,735.18 . R2 29,848.56
Camarilla: S4 29,524.05 . S3 29,572.93 . S1 29,605.51 || R1 29,638.10 . R3 29,670.68 . R4 29,719.56
Round numbers: 29,500 . 29,750 . 30,000 (the psychological magnet, and only 1.28%% away) . 30,500
Moving averages: 20 EMA 29,176.69 . 50 EMA 28,916.32 . 200 EMA 26,858.43
52-week: High 30,762.20 (-3.71%) . Low 22,841.42 (+29.68%)




COMPONENT SIGNALS - ALL 40
Trend uses strict EMA classification: close versus each of the 20, 50 and 200 EMA. POC = 60-day volume-weighted point of control.

AAPL 308.26 . -1.62% . Bear (below 20/50) . RSI 44.1 Neutral . MACD Bear . -10.5% from 52wH . Above POC
MSFT 506.06 . +1.21% . Bull (above all) . RSI 79.1 Overbought . MACD Bull . -8.6% from 52wH . Above POC
NVDA 217.54 . -2.87% . Bull (above all) . RSI 58.1 Bullish . MACD Bull . -8.0% from 52wH . Above POC
AMZN 278.09 . +1.32% . Bull (above all) . RSI 65.9 Strong . MACD Bull . -3.2% from 52wH . Above POC
META 594.92 . +0.48% . Bear (below all) . RSI 48.6 Neutral . MACD Bear . -25.3% from 52wH . Below POC
GOOGL 357.52 . +0.91% . Bull (above all) . RSI 52.2 Bullish . MACD Bull . -12.5% from 52wH . Below POC
AVGO 422.40 . -1.25% . Bull (above all) . RSI 61.8 Strong . MACD Bull . -14.7% from 52wH . Above POC
TSLA 330.88 . +0.70% . Bear (below all) . RSI 42.5 Neutral . MACD Bull . -33.7% from 52wH . Below POC
COST 952.75 . +0.52% . Mixed (above 20, below 50, below 200) . RSI 52.0 Bullish . MACD Bull . -13.1% from 52wH . Below POC
NFLX 76.29 . +2.90% . Bull (above 20/50) . RSI 58.9 Bullish . MACD Bull . -39.8% from 52wH . Below POC
AMD 469.56 . -2.86% . Bear (below 20/50) . RSI 44.7 Neutral . MACD Bear . -19.7% from 52wH . Below POC
ADBE 272.96 . +2.92% . Bull (above all) . RSI 69.0 Strong . MACD Bull . -26.4% from 52wH . Above POC
QCOM 162.17 . -3.39% . Bear (below all) . RSI 44.0 Neutral . MACD Bull . -37.6% from 52wH . Below POC
TMUS 178.20 . +0.57% . Bear (below all) . RSI 47.6 Neutral . MACD Bear . -31.9% from 52wH . Below POC
LIN 492.46 . +0.51% . Bear (below 20/50) . RSI 41.5 Neutral . MACD Bear . -10.2% from 52wH . Below POC
ISRG 393.38 . +3.85% . Bull (above 20/50) . RSI 56.9 Bullish . MACD Bull . -34.9% from 52wH . Above POC
INTU 334.43 . +2.82% . Bull (above 20/50) . RSI 64.6 Strong . MACD Bull . -56.1% from 52wH . Above POC
CSCO 122.57 . +0.94% . Bull (above all) . RSI 62.9 Strong . MACD Bull . -6.0% from 52wH . Above POC
TXN 280.44 . -1.97% . Bear (below 20/50) . RSI 46.8 Neutral . MACD Bull . -16.0% from 52wH . Below POC
AMAT 522.12 . -3.16% . Bear (below 20/50) . RSI 47.4 Neutral . MACD Bull . -29.4% from 52wH . Below POC
BKNG 212.88 . -0.72% . Bull (above all) . RSI 71.1 Overbought . MACD Bull . -8.2% from 52wH . Above POC
PANW 385.04 . +5.82% . Bull (above all) . RSI 70.3 Overbought . MACD Bull . -0.0% from 52wH . Above POC
MU 861.00 . -1.89% . Bear (below 20/50) . RSI 46.3 Neutral . MACD Bull . -31.4% from 52wH . Below POC
LRCX 306.40 . -1.59% . Bear (below 20/50) . RSI 47.4 Neutral . MACD Bull . -30.1% from 52wH . Below POC
KLAC 192.74 . -2.71% . Bear (below 20/50) . RSI 43.7 Neutral . MACD Bull . -37.3% from 52wH . Below POC
ADI 383.93 . -1.54% . Mixed (above 20, below 50, above 200) . RSI 51.3 Bullish . MACD Bull . -13.9% from 52wH . Below POC
REGN 808.05 . +3.02% . Bull (above all) . RSI 83.2 Overbought . MACD Bull . -1.6% from 52wH . Above POC
SNPS 411.68 . -1.04% . Mixed (above 20, below 50, below 200) . RSI 51.4 Bullish . MACD Bull . -34.5% from 52wH . Below POC
CDNS 331.91 . -2.16% . Bear (below all) . RSI 40.0 Neutral . MACD Bull . -20.3% from 52wH . Below POC
MELI 1,824.34 . +0.20% . Mixed (below 20, above 50, below 200) . RSI 50.4 Bullish . MACD Bear . -28.4% from 52wH . Above POC
CRWD 225.16 . +5.01% . Bull (above all) . RSI 71.3 Overbought . MACD Bull . -0.8% from 52wH . Above POC
MAR 348.44 . -1.55% . Bear (below 20/50) . RSI 38.0 Weak . MACD Bear . -15.2% from 52wH . Below POC
ABNB 184.70 . +3.72% . Bull (above all) . RSI 81.5 Overbought . MACD Bull . -0.7% from 52wH . Above POC
MRVL 208.61 . -4.62% . Mixed (above 20, below 50, above 200) . RSI 48.8 Neutral . MACD Bull . -36.8% from 52wH . Below POC
DASH 209.86 . -2.96% . Bull (above all) . RSI 64.1 Strong . MACD Bull . -26.5% from 52wH . Above POC
FTNT 164.21 . +2.86% . Bull (above all) . RSI 58.6 Bullish . MACD Bull . -4.6% from 52wH . Above POC
CEG 270.43 . +0.20% . Bull (above 20/50) . RSI 55.2 Bullish . MACD Bull . -34.5% from 52wH . Above POC
WDAY 184.19 . +2.53% . Bull (above all) . RSI 72.3 Overbought . MACD Bull . -26.3% from 52wH . Above POC
PYPL 59.07 . 0.00% . Bull (above all) . RSI 71.0 Overbought . MACD Bear . -25.4% from 52wH . Above POC
ORLY 92.23 . -1.39% . Bull (above all) . RSI 57.1 Bullish . MACD Bull . -15.2% from 52wH . Above POC

Totals: 21 advancing / 18 declining / 1 flat . 17 Bull (above all EMAs), 5 Bear (below all EMAs), 9 Bear (below 20/50), 4 Bull (above 20/50), 5 Mixed . 28 of 40 above their 200 EMA . 32 of 40 with a bullish MACD . 21 of 40 above POC




SECTOR BREAKDOWN
Mega-cap Tech - avg -0.14% (5/8 up)
Split down the middle and going nowhere. MSFT (RSI 79.1, +1.21%) and AMZN (+1.32%) are doing the heavy lifting, both above every EMA. NVDA gave back 2.87% and closed at 217.54 after tagging 224.14 intraday - a clear distribution candle, though it holds all three EMAs. AAPL is the structural problem child: below both the 20 and 50 EMA with a bearish MACD, and it has now lost 10.5% from its high. META and TSLA remain below all three EMAs and 25%/34% off their highs respectively. The mega-cap complex is not leading.

Semiconductors - avg -2.64% (0/9 up)
The story of the day, and it is ugly. All nine names here closed red, and adding NVDA and AVGO makes it 11 from 11 across the whole semi complex - a clean sweep. MRVL was worst at -4.62%, closing at 208.61 on its low after touching 230.10. QCOM -3.39% and AMAT -3.16% follow. Seven of the nine sit below both their 20 and 50 EMA. The saving grace: MACD is still positive on seven of nine, so this reads as a sharp one-day unwind of a crowded trade rather than a completed trend break. AMAT reports later this week, which will settle the argument.

Software/Cloud - avg +2.19% (7/9 up)
The mirror image, and the clear leadership group. PANW +5.82% to a fresh 52-week high at 385.17, CRWD +5.01% to within 0.8% of its own record, both on the back of Black Hat and BTIG's note that AI agents have become the primary attack vector. FTNT +2.86% joined them. ADBE +2.92%, INTU +2.82% and WDAY +2.53% all closed above their 20 and 50 EMAs. The two blemishes are the EDA pair - SNPS -1.04% and CDNS -2.16% - which trade with semis, not software. CSCO is quietly strong at +0.94% on 1.03x volume with earnings due this week.

Consumer/Internet - avg +0.13% (5/10 up)
Genuinely mixed. ABNB was the standout: +3.72% on 1.93x relative volume, the heaviest participation in the entire scan, closing 0.7% off its 52-week high. NFLX +2.90% reclaimed its 50 EMA. Against that, DASH lost 2.96% on 1.65x volume - heavy volume on a down day is the wrong kind of conviction - and MAR is the weakest name in the group at RSI 38.0 below both the 20 and 50 EMA. TMUS remains below all three EMAs with a bearish MACD. BKNG is overbought at RSI 71.1 but above every EMA.

Healthcare/Biotech - avg +3.44% (2/2 up)
The quiet outperformer, averaging +3.44%. REGN +3.02% on 1.10x volume with an RSI of 83.2 - the most overbought reading in the entire index and only 1.6% from its 52-week high. ISRG +3.85% reclaimed both its 50 EMA (391.71) and its POC (391.94) in a single session, with the strongest MACD histogram expansion in the scan. Both are extended short-term; neither is broken.

Industrial/Other - avg +0.35% (2/2 up)
Thin and unremarkable. CEG +0.20% holds above its 20 and 50 EMA but sits 34.5% below its high and under a falling 200 EMA. LIN +0.51% is the weaker of the two - below both the 20 and 50 EMA with a bearish MACD and an RSI of 41.5, the second-lowest in the index.

Rotation read: Money moved out of semiconductors (-2.64% average) and into software and cyber (+2.19% average) - a 4.8-point spread in a single session. Until semis stabilise the index cannot make a sustained new high, because they carry too much weight. But the fact that the money stayed inside the Nasdaq rather than leaving it is why the index only lost 0.34%.



TOP SWING SETUPS
All stops are ATR(14)-based. R:R is quoted to T2. Position size so that a full stop-out is a controlled loss, and remember CPI lands Wednesday.

PANW LONG - Breakout continuation
Entry: 385.20 . Stop: 369.40 . T1: 400.00 . T2: 432.50 . R:R: 1:2.99 (T1 1:0.94) . ATR: 15.77
Confluence: Fresh 52-week high at 385.17 with zero overhead supply. Above all three EMAs (20: 344.56, 50: 314.88, 200: 240.39) and 27.9% above its 301.12 POC. Black Hat catalyst is fundamental, not technical noise.
Note: RSI 70.3 is overbought but breakouts to all-time highs routinely run overbought. Relative volume was only 0.92x - the one flaw in an otherwise clean setup. Wait for a hold above 385.20 rather than chasing the open.

ABNB LONG - Breakout continuation
Entry: 186.00 . Stop: 179.85 . T1: 191.27 . T2: 198.30 . R:R: 1:2.00 (T1 1:0.86) . ATR: 6.15
Confluence: 1.93x relative volume - by a distance the heaviest participation in the whole scan - closing 0.7% below the 185.99 52-week high. Above all EMAs and 27.4% above its 145.02 POC. Classic pre-breakout accumulation candle.
Note: RSI 81.5 is the second-most-overbought reading in the index, so this is a momentum-continuation trade with a short leash, not a value entry. Stop sits below today's 179.42 pivot S1.

ISRG LONG - Breakout continuation
Entry: 393.80 . Stop: 380.10 . T1: 414.30 . T2: 450.40 . R:R: 1:4.13 (T1 1:1.50) . ATR: 13.70
Confluence: Reclaimed both the 50 EMA (391.71) and the 391.94 POC in one session on +3.85%, with the largest MACD histogram expansion in the scan (+5.81). Structural base-recovery play off the 328.57 52-week low.
Note: Still below a falling 200 EMA at 450.39, which is exactly why T2 is set there - that is the level the whole trade is aiming at. RSI 56.9 leaves genuine room. The most asymmetric setup on the board.

MRVL SHORT - Breakdown continuation
Entry: 208.40 . Stop: 218.05 . T1: 201.38 . T2: 194.15 . R:R: 1:1.48 (T1 1:0.73) . ATR: 19.30
Confluence: Worst performer in the index at -4.62%, closing at 208.61 versus a 208.51 low - closing on the low is capitulation, not support. Rejected from 230.10, lost the 50 EMA (213.70) and sits 18% below its 254.46 POC.
Note: Only clinging to the 20 EMA at 208.12 by 49 cents; losing it triggers the trade. ATR is a wide 19.30 so the stop must be wide too - halve normal size. Do not short into a semiconductor bounce; wait for the break.

QCOM SHORT - Breakdown continuation
Entry: 162.00 . Stop: 166.80 . T1: 157.58 . T2: 153.09 . R:R: 1:1.86 (T1 1:0.92) . ATR: 8.99
Confluence: Below all three EMAs (20: 166.78, 50: 177.61, 200: 171.68) with the 50 EMA above the 200 - the weakest structure of any large-cap semi. Closed at 162.17 versus a 162.08 low, 37.6% below its 52-week high and 19% below POC.
Note: MACD histogram is marginally positive (+1.46), the one thing arguing against. Stop is placed just above the 20 EMA at 166.78, which is the level that would invalidate the whole bear case.





INTRADAY SETUPS
Camarilla logic: a close between S1 and R1 signals a range day - fade S3 and R3. A close beyond R4 or S4 signals a breakout day - trade with it.

NAS100 INDEX - Camarilla range fade (primary)
The index closed at 29,621.80, between Camarilla S1 (29,605.51) and R1 (29,638.10). That is the textbook range-day signature.
Long: Entry 29,572.93 (Cam S3) . Stop: 29,514.05 (below Cam S4) . T1: 29,638.10 (Cam R1) . T2: 29,670.68 (Cam R3) . R:R: 1:1.66
Short: Entry 29,670.68 (Cam R3) . Stop: 29,729.56 (above Cam R4) . T1: 29,605.51 (Cam S1) . T2: 29,572.93 (Cam S3) . R:R: 1:1.66
Reasoning: Yesterday's 177-point range was the narrowest of the last five sessions and volume was 0.95x average - compression plus low participation is the classic precondition for a mean-reverting session. Abandon the fade immediately if the index opens beyond Cam R4 29,719.56 or Cam S4 29,524.05; that flips it to a trend day.

MSFT - Camarilla range reversal, long
Entry: 502.91 (Cam S3) . Stop: 499.16 (below Cam S4) . T1: 507.11 (Cam R1) . T2: 509.21 (Cam R3) . R:R: 1:1.68
Direction: Long. Reasoning: Closed at 506.06, wedged between Cam S1 (505.01) and Cam R1 (507.11) - a range signature on the strongest mega-cap in the index. RSI 79.1 and 20.5%% above its 409.89 POC means the trend backdrop supports buying dips rather than selling rips. The 502.27 session low reinforces the Cam S4 zone.

AAPL - Classic pivot bounce, long (counter-trend scalp)
Entry: 305.83 (pivot S1) . Stop: 302.99 (below S2) . T1: 307.04 (pivot P) . T2: 309.48 (pivot R1) . R:R: 1:1.29
Direction: Long, scalp only. Reasoning: AAPL closed at 308.26 on its session high after a -1.62%% day, holding just above its 306.42 POC. But it is below both the 20 EMA (316.90) and 50 EMA (309.87) with a bearish MACD, so this is explicitly counter-trend. Take T1 and leave. If 305.83 breaks, the next real support is the 302.18 pivot S3.

AMAT - Camarilla range short - EARNINGS RISK
Entry: 525.21 (Cam R1) . Stop: 532.40 (above Cam R3) . T1: 519.03 (Cam S1) . T2: 512.84 (Cam S3) . R:R: 1:1.72
Direction: Short. Reasoning: Fell 3.16%% to 522.12 after touching 555.32 - a 33-point rejection - and now sits below both the 20 EMA (534.02) and 50 EMA (528.75) and 4.9%% under its 549.03 POC. ATR is a huge 37.89, so keep size small. Critical: AMAT reports later this week; close this trade before the print or do not take it at all.

ABNB - Camarilla breakout long
Entry: 189.41 (above Cam R4) . Stop: 186.70 (back below Cam R3) . T1: 191.27 (pivot R2) . T2: 196.54 (pivot R3) . R:R: 1:2.63
Direction: Long. Reasoning: The only name in the scan pairing a near-52-week-high close with genuinely heavy volume (1.93x). A move through Cam R4 at 189.41 clears the 185.99 record and leaves no overhead supply at all. T2 is the 196.54 pivot R3. RSI 81.5 means this either works immediately or it fails - do not hold a laggard.




KEY LEVELS DASHBOARD
The five names most likely to matter tomorrow. POC is the 60-day volume point of control.

NVDA - 217.54 (-2.87%, heaviest index weight, distribution candle)
Cam: S4 213.49 . S3 215.51 . S1 216.86 || R1 218.22 . R3 219.57 . R4 221.59
Classic: S3 207.46 . S2 212.11 . S1 214.83 . P 219.48 . R1 222.20 . R2 226.85 . R3 229.57
EMAs: 20 208.81 . 50 206.26 . 200 192.98 . POC: 209.16
Prev H/L: 224.14 / 216.77 . 52w H/L: 236.54 / 164.07 . ATR: 7.62 . RVol: 0.88x

MSFT - 506.06 (+1.21%, strongest mega-cap, range setup)
Cam: S4 499.76 . S3 502.91 . S1 505.01 || R1 507.11 . R3 509.21 . R4 512.36
Classic: S3 489.52 . S2 495.89 . S1 500.98 . P 507.35 . R1 512.44 . R2 518.81 . R3 523.90
EMAs: 20 444.86 . 50 419.91 . 200 426.61 . POC: 409.89
Prev H/L: 513.73 / 502.27 . 52w H/L: 553.72 / 349.20 . ATR: 15.67 . RVol: 0.74x

PANW - 385.04 (+5.82%, fresh 52-week high, day leader)
Cam: S4 372.82 . S3 378.93 . S1 383.00 || R1 387.08 . R3 391.15 . R4 397.26
Classic: S3 348.05 . S2 355.50 . S1 370.27 . P 377.72 . R1 392.49 . R2 399.94 . R3 414.71
EMAs: 20 344.56 . 50 314.88 . 200 240.39 . POC: 301.12
Prev H/L: 385.17 / 362.95 . 52w H/L: 385.17 / 139.57 . ATR: 15.77 . RVol: 0.92x

CRWD - 225.16 (+5.01%, record high, second leader)
Cam: S4 218.37 . S3 221.76 . S1 224.03 || R1 226.29 . R3 228.56 . R4 231.95
Classic: S3 205.16 . S2 209.85 . S1 217.51 . P 222.20 . R1 229.86 . R2 234.55 . R3 242.21
EMAs: 20 198.90 . 50 184.02 . 200 144.42 . POC: 179.21
Prev H/L: 226.90 / 214.55 . 52w H/L: 226.90 / 85.68 . ATR: 9.74 . RVol: 0.98x

AMAT - 522.12 (-3.16%, earnings this week, semi bellwether)
Cam: S4 503.56 . S3 512.84 . S1 519.03 || R1 525.21 . R3 531.40 . R4 540.68
Classic: S3 476.94 . S2 499.25 . S1 510.69 . P 533.00 . R1 544.44 . R2 566.75 . R3 578.19
EMAs: 20 534.02 . 50 528.75 . 200 408.53 . POC: 549.03
Prev H/L: 555.32 / 521.57 . 52w H/L: 739.67 / 154.47 . ATR: 37.89 . RVol: 0.83x





BEARISH WARNINGS
Full bearish EMA alignment
Three names now trade below all three EMAs and carry a 50 EMA below their 200 EMA - the genuine death-cross structure, not just a weak close:
META 594.92 (+0.48%) . 50 EMA 603.53 below 200 EMA 627.01 . RSI 48.6 . -25.3% from 52w high . MACD Bear
TSLA 330.88 (+0.70%) . 50 EMA 365.69 below 200 EMA 386.68 . RSI 42.5 . -33.7% from 52w high . MACD Bull
TMUS 178.20 (+0.57%) . 50 EMA 183.11 below 200 EMA 198.07 . RSI 47.6 . -31.9% from 52w high . MACD Bear

Bearish MACD crossovers
Eight of 40 have MACD below signal: AAPL (-3.19 histogram, the worst), MELI (-8.99, the largest absolute negative), AMD (-2.77), MAR (-2.06), LIN (-1.42), META (-1.34), TMUS (-0.27) and PYPL (-0.16).

Overbought readings and divergence risk
Eight names closed with RSI at or above 70. Most are earning it, but two are not:
PYPL 59.07 - RSI 71.0 on a 0.00%% day with 0.36x relative volume and a MACD that has already rolled bearish. An overbought reading with no volume and no price progress is a negative divergence in the making. The most fragile name in the index.
REGN 808.05 - RSI 83.2, the most extended reading in the whole scan, only 1.6%% from its 52-week high after a +3.02%% day. Nothing wrong with the trend, but there is no margin of safety for a new entry here.
Also overbought: MSFT 79.1, ABNB 81.5, WDAY 72.3, CRWD 71.3, BKNG 71.1, PANW 70.3.

Deteriorating momentum
MELI 1,824.34 - below its 20 EMA with a MACD histogram of -8.99, the deepest negative reading of any component, despite a fractionally green close. MAR 348.44 - RSI 38.0 is the lowest in the index, below both 20 and 50 EMA, and 7%% under its 374.06 POC. LIN 492.46 - RSI 41.5, bearish MACD, below 20 and 50 EMA.

The real risk: the semiconductor sweep
Eleven from eleven semiconductor names closed red, averaging -2.64%%. That is not noise, it is a coordinated de-risking of the most crowded trade in the index. Seven of nine in the core semi group are now below both their 20 and 50 EMA. The mitigating fact is that MACD remains bullish on seven of them, so the damage is one-day rather than structural - but if semis are still red on Tuesday, the index cannot hold 29,600 for long. This is the single thing to watch at the open.

Names near 52-week lows
TMUS sits just 7.6%% above its 52-week low, TSLA 11.3%%, ORLY 11.7%%, SNPS 12.5%%, COST 12.9%% and META 14.4%%. In an index 3.7%% from its own record high, that dispersion is worth noting.




EVENTS CALENDAR
Economic data - the week that decides the trend
Wed 12 Aug, 13:30 UK - July CPI. The event. The Fed is openly divided on whether the next move is a hike after the oil shock, and Friday's -23,000 payrolls print flipped the narrative. A hot number reprices the curve hawkishly and the 30,000 handle goes out of reach; a cool number and the index likely tests the 52-week high inside a fortnight. Do not carry oversized index risk into 13:30 on Wednesday.
Wed 12 Aug - Fed speakers Barkin and Schmid, both after the CPI print.
Thu 13 Aug, 13:30 UK - July PPI and weekly jobless claims. The confirmation or contradiction of Wednesday.
Fri 14 Aug, 13:30 UK - July retail sales. Completes the clearest read yet on whether inflation is cool enough to justify a pause.
Ongoing - Strait of Hormuz negotiations. Brent near $84 with Iran saying a deal is "very close" and not delivering. A genuine opening is a disinflationary shock and a direct positive for the index; further delay keeps the energy premium in the CPI.

Earnings among the 40
CSCO - reports this week (Wednesday expected, after the close). Closed +0.94%% at 122.57 on 1.03x volume, above all three EMAs and 6.0%% from its 52-week high. One of the few names showing real accumulation into a print.
AMAT - reports this week (Thursday expected, after the close). Closed -3.16%% at 522.12 after rejecting 555.32, below both its 20 and 50 EMA. ATR of 37.89 means the implied move is enormous. The single most important report for the semi complex.

Sector-relevant, outside the 40
CoreWeave (CRWV) - Tue 11 Aug after the close, 22:00 UK. Alongside Nebius, Cerebras and Super Micro this week, these results are the market's read on whether the AI infrastructure build-out is still accelerating. Directly relevant to NVDA, AVGO, MU and the entire semi group that just sold off.
Intel - a $15bn stock offering hit sentiment across semis today. Supply matters.




SUMMARY
A quiet 0.34%% loss hiding a violent rotation. The index structure is intact - bullish EMA stack, RSI 56, MACD histogram expanding positive, 3.7%% from a record - and the fade came on below-average volume in the narrowest range of the week. Nothing in the index chart says sell.

The internals say something more specific: get out of semiconductors, get into software and cyber. Eleven from eleven semis red against PANW and CRWD at record highs is about as clean a rotation signal as this scan produces. Trade the leadership, respect the 29,493 pivot S2 as the line that matters on the downside, and keep size modest until Wednesday's CPI is on the tape.

Report: 10 August 2026 22:55 GMT . Data source: ChartsView scanner, close 10 Aug 2026 . Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 Daily Technical Report - Friday 7 August 2026
Data: Close 07 Aug 2026 | NAS100: 29,722.30 | Change: +348.97 (+1.19%) | Range: 29,452.71 - 29,747.15
Note: 20 of the 40 component readings below carry the 07 Aug close. The second scanner block (BKNG through ORLY) had not refreshed at the time of writing, so those 20 names use the 06 Aug close and are tagged individually.


Market Overview
The NASDAQ 100 closed at 29,722.30, up 348.97 points (+1.19%), finishing near the top of a 294-point session range (29,452.71 - 29,747.15) after opening at 29,596.45. Volume of 1.34bn was slightly below the 1.43bn average - a grind higher on unremarkable participation rather than an aggressive institutional push.
This was the fifth session of a powerful recovery leg. From the 27,192 low the index has added roughly 2,530 points, a move that has restored the entire late-July drawdown and put roughly $3.5 trillion back onto the index's market capitalisation in barely a week. The driver is the same one that broke the market in the first place: AI capex expectations. Strong earnings across the semiconductor and hyperscaler complex have re-anchored the growth narrative, and with money markets no longer pricing a Fed hike before December, the discount rate headwind has eased.
VIX at 14.89 (session range 14.77 - 15.36) confirms the risk backdrop - complacent, not fearful. That is supportive short term but leaves little cushion if next week's CPI surprises.
Bias: bullish while the index holds above 29,340. The index sits just 3.1% below its 30,660.60 record close.


Trend Structure
EMA stack (daily): Price 29,722.30 . EMA20 28,957.74 . EMA50 28,887.53 . EMA200 26,830.66
The stack is fully bullish - price above all three, EMA20 above EMA50, EMA50 comfortably above EMA200. Price sits 2.6% above the 20 EMA and 10.8% above the 200 EMA.
Structure: The July selloff carved a higher low at 27,192 against the June-July advance, and the recovery has already reclaimed the 28,957 / 28,887 EMA cluster that acted as the breakdown pivot. That cluster is now the line in the sand - the 20 and 50 EMAs are compressed within 70 points of each other, which makes the 28,890 - 28,960 band a single, well-defined support shelf.
Phase: Late-stage uptrend, mid-recovery. The index has not yet cleared the 30,407 - 30,660 supply zone that capped it in late July, so this remains a recovery inside a range until that band breaks on volume.


Momentum and Volume
RSI(14): 57.25 - constructive but unstretched. RSI has recovered from a sub-35 washout without reaching overbought, which is the healthier of the two outcomes: there is room to run before momentum becomes a constraint. No bearish divergence is present - the price high and RSI high are advancing together.
MACD: 3.61 . Signal: -178.32 . Histogram: +181.92 - the MACD line has crossed back above zero and above its signal, and the histogram has expanded for four consecutive sessions (-105.71, -32.86, +78.41, +131.08, +152.30, +181.92). That is a clean, confirmed bullish momentum reversal, and the widest positive histogram of the recovery.
Volume: 1.34bn against a 1.43bn 20-day average. Volume has not confirmed the last two up-days. Rallies on declining volume into overhead supply are the classic setup for a stall - this is the single most important caveat in an otherwise bullish read.
ATR(14): 614.37 - roughly 2.1%% of index value. Size positions accordingly; an average day now covers 600 points.


Key Index Levels
Resistance
R1 29,828.7 - Monday classic pivot R1, first test on any gap up
R2 29,935.2 - pivot R2, coincides with the 29,900 - 30,000 psychological shelf
R3 30,123.2 - pivot R3; above it the 30,407 - 30,660 late-July supply zone is the real objective
Support
S1 29,534.3 - pivot S1, first defence
S2 29,346.3 - pivot S2; loss of this ends the short-term bullish structure
S3 29,239.8 - pivot S3, last level before the 28,890 - 28,960 EMA shelf
Monday classic pivots: S2 29,346.3 . S1 29,534.3 . P 29,640.7 . R1 29,828.7 . R2 29,935.2
Round numbers in play: 29,500 . 30,000 . 30,500
Structural: EMA20 28,957.74 . EMA50 28,887.53 . EMA200 26,830.66 . 52w high 30,660.60 . recovery low 27,192.31


Component Signals - All 40
Trend classification is strict: close measured against each of the 20, 50 and 200 EMA. All 40 classifications were verified programmatically - zero mismatches.

Mega-cap Tech
AAPL 313.33 +0.29% . Mixed (<20 >50 >200) . RSI 47.6 (Neutral) . MACD Bear . -9.1% from 52w high . POC Above
MSFT 499.99 +0.03% . Bull (above all) . RSI 78.1 (OB) . MACD Bull . -9.7% from 52w high . POC Above
NVDA 223.96 +2.37% . Bull (above all) . RSI 64.3 (Strong) . MACD Bull . -5.3% from 52w high . POC Above
AMZN 274.48 +0.82% . Bull (above all) . RSI 64.2 (Strong) . MACD Bull . -4.4% from 52w high . POC Above
META 592.1 +0.37% . Bear (below all) . RSI 47.7 (Neutral) . MACD Bear . -25.6% from 52w high . POC Below
GOOGL 354.3 -0.96% . Bull (above all) . RSI 50.7 (Neutral) . MACD Bull . -13.3% from 52w high . POC Below
AVGO 427.76 +1.71% . Bull (above all) . RSI 64.8 (Strong) . MACD Bull . -13.6% from 52w high . POC Above
TSLA 328.58 +2.83% . Bear (below all) . RSI 41.4 (Neutral) . MACD Bull . -34.1% from 52w high . POC Below

Semiconductors
AMD 483.36 -1.21% . Bear (below 20/50) . RSI 46.9 (Neutral) . MACD Bear . -17.3% from 52w high . POC Below
QCOM 167.86 +4.66% . Mixed (>20 <50 <200) . RSI 47.6 (Neutral) . MACD Bull . -35.4% from 52w high . POC Below
TXN 286.08 +2.76% . Mixed (>20 <50 >200) . RSI 50 (Neutral) . MACD Bull . -14.4% from 52w high . POC Below
AMAT 539.14 +2.21% . Bull (above all) . RSI 50.1 (Neutral) . MACD Bull . -27.1% from 52w high . POC Below
MU 881.47 -1.31% . Bear (below 20/50) . RSI 47.9 (Neutral) . MACD Bull . -29.8% from 52w high . POC Below . data 2026-08-06
LRCX 305.77 -0.54% . Bear (below 20/50) . RSI 47.2 (Neutral) . MACD Bull . -30.3% from 52w high . POC Below . data 2026-08-06
KLAC 193.22 +0.19% . Bear (below 20/50) . RSI 43.5 (Neutral) . MACD Bear . -37.1% from 52w high . POC Below . data 2026-08-06
ADI 377.31 -0.1% . Bear (below 20/50) . RSI 48.4 (Neutral) . MACD Bull . -15.4% from 52w high . POC Below . data 2026-08-06
MRVL 210.54 -0.23% . Mixed (>20 <50 >200) . RSI 49.6 (Neutral) . MACD Bull . -36.2% from 52w high . POC Below . data 2026-08-06

Software / Cloud
ADBE 265.21 +1.91% . Bull (above 20/50) . RSI 66 (Strong) . MACD Bull . -28.5% from 52w high . POC Above
INTU 325.25 +1.04% . Bull (above 20/50) . RSI 61.1 (Strong) . MACD Bull . -58.6% from 52w high . POC Above
CSCO 121.43 +0.45% . Bull (above all) . RSI 61 (Strong) . MACD Bull . -6.9% from 52w high . POC Above
SNPS 405.98 +1.29% . Mixed (>20 <50 <200) . RSI 49 (Neutral) . MACD Bull . -35.9% from 52w high . POC Below . data 2026-08-06
CDNS 338.42 +0.4% . Bear (below 20/50) . RSI 43.2 (Neutral) . MACD Bull . -18.8% from 52w high . POC Below . data 2026-08-06
CRWD 207.39 -1.18% . Bull (above all) . RSI 62.8 (Strong) . MACD Bull . -5.5% from 52w high . POC Above . data 2026-08-06
PANW 359.49 -0.87% . Bull (above all) . RSI 62.8 (Strong) . MACD Bull . -4.6% from 52w high . POC Above . data 2026-08-06
FTNT 160.11 -2.45% . Bull (above all) . RSI 54.4 (Neutral) . MACD Bull . -7.0% from 52w high . POC Above . data 2026-08-06
WDAY 170.24 -0.23% . Bull (above all) . RSI 66.1 (Strong) . MACD Bull . -31.9% from 52w high . POC Above . data 2026-08-06

Consumer / Internet
COST 947.82 -0.14% . Mixed (>20 <50 <200) . RSI 49.8 (Neutral) . MACD Bull . -13.6% from 52w high . POC Below
NFLX 74.14 +0.61% . Mixed (>20 <50 <200) . RSI 52.3 (Neutral) . MACD Bull . -41.5% from 52w high . POC Below
TMUS 177.19 -1.54% . Bear (below all) . RSI 46.6 (Neutral) . MACD Bear . -32.3% from 52w high . POC Below
BKNG 207.39 +0.18% . Bull (above all) . RSI 69.5 (Strong) . MACD Bull . -10.5% from 52w high . POC Above . data 2026-08-06
MELI 1830 -4.81% . Mixed (<20 >50 <200) . RSI 51.2 (Neutral) . MACD Bear . -28.2% from 52w high . POC Above . data 2026-08-06
MAR 359.67 -0.45% . Bear (below 20/50) . RSI 43.7 (Neutral) . MACD Bear . -12.5% from 52w high . POC Below . data 2026-08-06
ABNB 151.64 -0.56% . Bull (above all) . RSI 58.6 (Neutral) . MACD Bull . -3.1% from 52w high . POC Above . data 2026-08-06
DASH 213.26 +2.89% . Bull (above all) . RSI 69.8 (Strong) . MACD Bull . -25.3% from 52w high . POC Above . data 2026-08-06
PYPL 59.78 +3.19% . Bull (above all) . RSI 75.3 (OB) . MACD Bear . -24.5% from 52w high . POC Above . data 2026-08-06
ORLY 93.37 -0.07% . Bull (above all) . RSI 60.8 (Strong) . MACD Bull . -14.1% from 52w high . POC Above . data 2026-08-06

Healthcare / Biotech
ISRG 378.81 +1.36% . Mixed (>20 <50 <200) . RSI 51.3 (Neutral) . MACD Bull . -37.3% from 52w high . POC Below
REGN 772.11 +0.46% . Bull (above all) . RSI 78.4 (OB) . MACD Bull . -6.0% from 52w high . POC Above . data 2026-08-06

Industrial / Other
LIN 489.98 -0.03% . Bear (below 20/50) . RSI 39.4 (Weak) . MACD Bear . -10.6% from 52w high . POC Below
CEG 261.1 -1.52% . Bear (below all) . RSI 48.7 (Neutral) . MACD Bull . -36.7% from 52w high . POC Below . data 2026-08-06


Sector Read
Semiconductors - split, improving. NVDA and AVGO are the only two chip names above all three EMAs, and both rose. The rest of the complex (AMD, MU, LRCX, KLAC, ADI) sits below the 20 and 50 EMA but above the 200 - a corrective posture inside an intact long-term uptrend, not a breakdown. QCOM was the day's standout with +4.66%, reclaiming its 20 EMA for the first time since the post-earnings gap, though it remains 35.4% below its 52-week high and well under the 201.50 POC. TXN and AMAT both added over 2% and are pressing their 50 EMAs. The group is bottoming, not yet leading.
Mega-cap Tech - the engine. MSFT, NVDA, AMZN, AVGO and GOOGL are all above all three EMAs. MSFT at RSI 78.1 is the most extended large-cap in the index. The two broken names are META (below all EMAs, MACD bearish, 25.6% off its high, capped by a 601.76 POC) and TSLA (below all EMAs with a fully bearish 20 < 50 < 200 stack, 34.1% off its high) - both are drags rather than participants.
Software / Cloud - the strongest group. CRWD, PANW, FTNT, WDAY, ADBE, INTU and CSCO are all above their 20 and 50 EMAs. PANW and CRWD sit within 5% of 52-week highs with POC well below price. This is where the cleanest institutional accumulation is visible. The exceptions are SNPS and CDNS, both stuck under their 50 EMAs and roughly 19-36% off their highs.
Consumer / Internet - mixed and event-driven. BKNG, ABNB, DASH, PYPL and ORLY are all above their 200 EMA with DASH up 2.89% on 2.23x relative volume. Against that, MELI fell 4.81% on 2.88x relative volume - the largest single-day decline in the index and a genuine distribution signal. MAR and TMUS remain below their 20 and 50 EMAs.
Healthcare / Biotech - narrow strength. REGN at RSI 78.4 is the second-most overbought name in the index and only 6.0% below its 52-week high, with price 124 points above its POC. ISRG is the opposite: above the 20 EMA but under the 50 and 200, and 37.3% off its high.
Industrial / Other - weak. LIN below its 20 and 50 EMAs with RSI 39.4 and a bearish MACD. CEG below all three EMAs, 36.7% off its high, and fell 1.52% on 1.65x relative volume - elevated volume on a down day is distribution, not accumulation.


Top Swing Setups

1. NVDA - Long, trend continuation
Entry: 224.50 . Stop: 216.30 . T1: 232.00 . T2: 236.50 . R:R: 1.5
Above all three EMAs with the 20 EMA at 207.87 and the 200 at 192.73 - a wide, uncrowded stack. RSI 64.3, MACD bullish, closed +2.37% at 223.96, only 5.3% below the 236.54 52-week high. Price is 14.67 above the 209.29 POC, so the whole recent volume shelf sits beneath as support. Stop is 1.07x ATR (7.66) and sits below classic S3 at 217.39. Confluence: EMA stack, POC support, pivot R1 at 225.59 as the trigger level.

2. AMZN - Long, pullback continuation
Entry: 275.50 . Stop: 267.50 . T1: 283.17 . T2: 287.20 . R:R: 1.5
The cleanest large-cap chart in the index: above all three EMAs, RSI 64.2, MACD bullish, and only 4.4% from its 287.20 52-week high. POC at 249.22 is 25 points below price. Entry is just above the 275.18 pivot; stop is 0.86x ATR (9.33) and sits under classic S2 at 269.62. T1 is pivot R3, T2 the prior high. Confluence: pivot reclaim, EMA20 at 255.67 as the trailing stop reference.

3. AVGO - Long, breakout continuation
Entry: 428.50 . Stop: 413.00 . T1: 441.09 . T2: 455.00 . R:R: 1.7
Closed +1.71% at 427.76, above all three EMAs (397.35 / 393.14 / 363.08), RSI 64.8, MACD bullish, 27 points above the 400.85 POC. Still 13.6% below its 495.00 high, which leaves genuine room. Stop is 0.93x ATR (16.60) beneath classic S3 at 413.40. T1 is pivot R3. Confluence: POC support, compressed EMA20/EMA50 pair beneath price, semis leadership.

4. PANW - Long, high-tight structure (06 Aug data)
Entry: 361.60 . Stop: 344.00 . T1: 376.98 . T2: 390.00 . R:R: 1.6
Above all three EMAs with an enormous gap to the 200 EMA at 237.68 - a stage-two trend with no overhead structure. RSI 62.8, MACD bullish, price 63 points above the 296.42 POC, and only 4.6% from the 376.98 high. Entry is a stop-buy above the 361.47 prior high. Stop is 1.13x ATR (15.57) under classic S2 at 344.18. Confluence: the strongest sector in the index plus a fresh 52-week-high attempt.

5. META - Short, broken trend
Entry: 585.00 . Stop: 599.50 . T1: 572.45 . T2: 560.00 . R:R: 1.7
The only mega-cap below all three EMAs (597.33 / 603.88 / 627.33) with a bearish MACD, and it is 25.6% below its 796.25 high after the post-earnings collapse. Price is 9.66 below the 601.76 POC, which now caps every rally attempt. Entry triggers on a break of classic S1 at 585.57; stop is 0.62x ATR (23.22) above the 20 EMA. T1 is classic S3. Confluence: EMA20 and POC stacked as resistance within 10 points of each other.


Intraday Setups for Monday

1. NVDA - Camarilla breakout long
Direction: Long . Entry: 225.15 . Stop: 224.20 . T1: 226.22 . T2: 227.23 . R:R: 2.2
Trigger is a clean break of Camarilla R3 at 225.09, which in a trending name is a continuation signal rather than a fade. Stop sits under Camarilla R1 at 224.34. T1 is Camarilla R4 (226.22), T2 is classic R2 (227.23). Only valid if the index opens above its 29,640.7 pivot.

2. AMZN - Pivot bounce long
Direction: Long . Entry: 272.30 . Stop: 269.50 . T1: 275.18 . T2: 277.61 . R:R: 1.9
Buy the first tag of classic S1 at 272.05 in an uptrending name. Stop is beneath classic S2 at 269.62. T1 is the central pivot, T2 classic R1. Invalidated on a close below 269.62.

3. TSLA - Camarilla range short
Direction: Short . Entry: 331.90 . Stop: 335.60 . T1: 327.44 . T2: 325.15 . R:R: 1.8
Fade the Camarilla R3 at 332.01 - the textbook range-day short in a name trading below all three EMAs (339.99 / 367.11 / 387.24). Stop sits above Camarilla R4 at 335.44. T1 is Camarilla S1, T2 Camarilla S3. Friday's +2.83% bounce is counter-trend into the 20 EMA, which is the logical cap.

4. QCOM - Camarilla breakout long
Direction: Long . Entry: 168.45 . Stop: 166.20 . T1: 169.80 . T2: 171.78 . R:R: 1.5
Momentum continuation after a +4.66% session that reclaimed the 167.27 20 EMA. Trigger above Camarilla R1 at 168.38; stop below Camarilla S3 at 166.30. T1 is classic R1, T2 is the 200 EMA at 171.78, which is the natural first destination and where this should be banked - the 50 EMA at 178.24 and the 201.50 POC remain heavy overhead.

5. GOOGL - Pivot bounce long
Direction: Long . Entry: 352.50 . Stop: 350.20 . T1: 355.66 . T2: 357.54 . R:R: 2.2
Classic S1 at 352.42 sits almost exactly on the 20 EMA at 352.36 - a two-factor support confluence in a name above all three EMAs. Stop beneath classic S2 at 350.54. T1 is the central pivot, T2 classic R1. Note the 359.69 POC caps the upside, so this is a scalp, not a swing.


Key Levels Dashboard - Top 5 Weights

NVDA - Close 223.96
Cam: S4 221.71 . S3 222.83 . S1 223.58 || R1 224.34 . R3 225.09 . R4 226.22
Classic: S3 217.39 . S2 219.03 . S1 221.49 . P 223.13 . R1 225.59 . R2 227.23 . R3 229.69
EMAs: 20 207.87 . 50 205.79 . 200 192.73 | POC 209.29 | Prev H/L 224.76 / 220.66 | 52w H/L 236.54 / 164.07

MSFT - Close 499.99
Cam: S4 496.44 . S3 498.22 . S1 499.40 || R1 500.58 . R3 501.76 . R4 503.54
Classic: S3 490.97 . S2 494.85 . S1 497.42 . P 501.30 . R1 503.87 . R2 507.75 . R3 510.32
EMAs: 20 438.42 . 50 416.39 . 200 425.81 | POC 408.22 | Prev H/L 505.18 / 498.73 | 52w H/L 553.72 / 349.20

AMZN - Close 274.48
Cam: S4 271.42 . S3 272.95 . S1 273.97 || R1 274.99 . R3 276.01 . R4 277.54
Classic: S3 266.49 . S2 269.62 . S1 272.05 . P 275.18 . R1 277.61 . R2 280.74 . R3 283.17
EMAs: 20 255.67 . 50 250.06 . 200 237.85 | POC 249.22 | Prev H/L 278.31 / 272.75 | 52w H/L 287.20 / 196.00

AVGO - Close 427.76
Cam: S4 422.68 . S3 425.22 . S1 426.91 || R1 428.61 . R3 430.30 . R4 432.84
Classic: S3 413.40 . S2 417.51 . S1 422.63 . P 426.74 . R1 431.86 . R2 435.97 . R3 441.09
EMAs: 20 397.35 . 50 393.14 . 200 363.08 | POC 400.85 | Prev H/L 430.84 / 421.61 | 52w H/L 495.00 / 281.87

GOOGL - Close 354.30
Cam: S4 351.48 . S3 352.89 . S1 353.83 || R1 354.77 . R3 355.71 . R4 357.12
Classic: S3 347.30 . S2 350.54 . S1 352.42 . P 355.66 . R1 357.54 . R2 360.78 . R3 362.66
EMAs: 20 352.36 . 50 353.90 . 200 322.38 | POC 359.69 | Prev H/L 358.90 / 353.78 | 52w H/L 408.61 / 194.33


Bearish Warnings
Broken trends - below all three EMAs
TSLA 328.58 - fully bearish stack (20 339.99 < 50 367.11 < 200 387.24), 34.1% off its high and only 10.5% above the 297.38 52-week low. Friday's +2.83% is a counter-trend bounce into the 20 EMA.
META 592.10 - MACD bearish, 25.6% off its high, 601.76 POC directly overhead. The weakest mega-cap in the index.
TMUS 177.19 - fell 1.54%, MACD bearish, 32.3% below its high.
CEG 261.10 - fell 1.52% on 1.65x relative volume, 36.7% off its high, 14.2% above its 52-week low. Elevated volume on a down day is distribution.

Distribution and volume warnings
MELI 1,830.00 - down 4.81% on 2.88x relative volume, the largest decline and highest relative volume in the index. Lost the 1,839.67 20 EMA and remains under the 1,874.28 200 EMA with a bearish MACD. Treat as damaged until it reclaims 1,875.
AMD 483.36 - failed at the 501.46 POC and closed below the 498.82 20 EMA with a bearish MACD, despite a 38.27 ATR that makes it the widest-swinging name in the index.

Overbought and divergence risk
REGN RSI 78.4 - most overbought in the index, 6.0% from its high. Momentum is intact but reward is thin here.
MSFT RSI 78.1 - extended, and the 20 EMA at 438.42 is 12% below price. A mean-reversion candidate on any index pullback.
PYPL RSI 75.3 with a bearish MACD - the clearest momentum divergence in the index. Price at a new leg high while MACD has already rolled beneath its signal. Do not chase.

No death crosses are present among the 40 components - every name with a bearish 20/50 configuration still holds a 50 EMA above its 200 EMA, with the exceptions of TSLA, META, CEG and ISRG where the longer-term structure has already turned.


Events Calendar - Week of 10 August
Monday 10 August - Cleveland Fed CPI nowcast for July (16:00 UK); US Treasury 10-year note auction, $39bn (18:00 UK); July federal budget statement (19:00 UK).
Wednesday 12 August - July CPI, headline and core (13:30 UK) - the week's dominant event and the main risk to the current bid. Fed speakers Barkin and Schmid (15:00 UK). CSCO reports after the close - consensus around $1.17 EPS on roughly $9bn revenue; the stock closed at 121.43, above all three EMAs and 6.9%% from its high, so expectations are already elevated.
Thursday 13 August - July PPI, headline and core, and initial jobless claims (13:30 UK). Barkin again (19:00 UK). AMAT reports after the close - consensus near $3.39 EPS on about $9.01bn revenue; the stock closed +2.21%% at 539.14 and is pressing its 50 EMA, so this print is the swing factor for the whole semi-cap equipment group (LRCX, KLAC, AMAT).
Friday 14 August - July retail sales headline and ex-autos, industrial production and capacity utilisation, and preliminary August consumer sentiment.
Positioning note: with VIX at 14.89 and the index 3.1%% from a record, Wednesday's CPI is an asymmetric risk. A hot print into a low-volatility, low-volume rally is the scenario that breaks the 28,890 - 28,960 EMA shelf.


Report: 07 August 2026 22:00 GMT . Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 DAILY TECHNICAL REPORT - Thursday 6 August 2026
Data: Close 6 Aug 2026 | NAS100: 29373.33 | Change: -114.46 (-0.39%) | Range: 29123.38-29569.76


MARKET OVERVIEW
The NASDAQ 100 closed at 29373.33, down 114.46 points (-0.39%), a second consecutive down day after Tuesday's 3.3% surge to a fresh record. The session opened at 29224.37, ran to 29569.76 and faded into the close, printing a 446-point range against a 14-day ATR of 632.9 - a quiet, compressed day rather than a distribution day. Volume of 1.40bn was almost exactly the 20-day average (1.41bn), so there was no institutional urgency behind the fade.

Drivers: Treasury yields pushed higher across the curve - the 10-year up over 5bp to 4.668%, the 2-year up over 6bp to 4.241% and the 30-year at 5.211% - which pressured long-duration growth names. Offsetting that, risk appetite stayed firm on reports the US, Iran and Oman are close to a 60-day interim deal to reopen the Strait of Hormuz. The Dow shed 464 points (-0.85%) to 53885 and snapped its record win streak, the S&P 500 eased 0.18% to 7709.96, and the NASDAQ Composite was almost flat at 26348.35 (-0.06%). Tech held up better than the broad tape.

Volatility: VIX closed at 15.14, off the 15.83 open and near the low end of the last month's 14.96-20.88 band. There is no fear priced into this pullback.

Bias: Bullish, but stretched - the index remains 9.4% above its 200-day EMA and only 4.5% off the record 30762.20. This is a pause inside an intact uptrend, not a reversal. The immediate risk is event-driven: Non-Farm Payrolls land tomorrow morning.


TREND STRUCTURE
EMA stack (daily): Close 29373.33 > EMA20 28873.05 > EMA50 28853.46 > EMA200 26857.47. Perfect bullish alignment - price above all three, and the three in ascending order.

Separation: Price sits +1.7% above the 20 EMA, +1.8% above the 50 EMA and +9.4% above the 200 EMA. The 20 and 50 EMAs have converged to within 20 points of each other (28873 vs 28853), which is the signature of the multi-week consolidation that ran through late June and July before this month's breakout.

Structure: Higher highs and higher lows intact. The 3 August gap-and-go from 28776.80 to 29733.16 on 4 August (+3.3%) was the breakout leg; the last two sessions have retraced only 360 points of that 956-point advance - a shallow, orderly pullback holding well above the breakout shelf near 28800.

Phase: Stage 2 advance, early-to-mid stage of a fresh leg. Trend-following longs remain the higher-probability side while 28850 holds.


MOMENTUM INDICATORS
RSI(14): 54.4 - neutral. Notably, RSI is NOT overbought despite price sitting within 4.5% of the record. Momentum has cooled from the 4 August spike while price has barely given ground, which is constructive rather than a warning. No bearish divergence is present at the index level: the 4 August high in price was accompanied by rising RSI, and this week's minor lower high in price came with RSI still above its recent trough.

MACD: MACD line -71.5 vs signal -223.8, histogram +152.3 and expanding (prior day +131.1). Bullish crossover confirmed and widening. The MACD line is still below zero, which is the lagging artefact of the long summer consolidation - the crossover and rising histogram are the actionable signals, and both point higher. A move of the MACD line above zero in the next few sessions would confirm the regime change.

Volume: 1,404,545,256 versus a 20-day average of 1,407,704,565 - a relative volume of 1.00. The pullback is happening on entirely average participation. Sellers are not pressing.


KEY INDEX LEVELS
Resistance
R1 - 29570 to 29588 . session high 29569.76 sits right on the classic R1 at 29588. First hurdle; a close above opens the record retest.
R2 - 29802 to 29831 . classic R2 29802 plus the 4 August high 29831.40. This is the pivot high of the entire advance.
R3 - 30000 to 30034 . the 30000 round number stacked with classic R3 30034. Expect supply here. Record high 30762.20 above.

Support
S1 - 29123 to 29141 . session low 29123.38 with classic S1 29141. Must hold to keep the short-term bid.
S2 - 28853 to 28909 . the critical zone - classic S2 28909 stacked on EMA20 28873 and EMA50 28853. Triple confluence. Losing this flips the short-term structure.
S3 - 28695 to 28777 . classic S3 28695 with the 3 August close 28776.80 (the breakout shelf). Below here the August breakout is void.

Classic pivots: S2 28909 . S1 29141 . P 29355 . R1 29588 . R2 29802
Round numbers: 29000 . 29500 . 30000


COMPONENT SIGNALS - ALL 40
Sorted by daily change. Trend uses strict EMA classification: close versus each of the 20, 50 and 200 EMA.

TMUS 179.97 +3.75% . Bear (below all) . RSI 49.0 Neutral . MACD Bearish . -31.2% from 52w high . Below POC
PYPL 59.78 +3.19% . Bull (above all) . RSI 75.3 Overbought . MACD Bearish . -24.5% from 52w high . Above POC
DASH 213.26 +2.89% . Bull (above all) . RSI 69.8 Strong . MACD Bullish . -25.3% from 52w high . Above POC
MSFT 499.86 +2.54% . Bull (above all) . RSI 78.1 Overbought . MACD Bullish . -9.7% from 52w high . Above POC
QCOM 160.39 +1.82% . Bear (below all) . RSI 41.9 Neutral . MACD Bullish . -38.3% from 52w high . Below POC
AMD 489.28 +1.50% . Mixed (below 20, above 50, above 200) . RSI 47.8 Neutral . MACD Bearish . -16.3% from 52w high . Below POC
SNPS 405.98 +1.29% . Mixed (above 20, below 50, below 200) . RSI 49.0 Neutral . MACD Bullish . -35.9% from 52w high . Below POC
COST 949.15 +0.76% . Mixed (above 20, below 50, below 200) . RSI 50.4 Neutral . MACD Bullish . -13.4% from 52w high . Below POC
AVGO 420.57 +0.55% . Bull (above all) . RSI 62.5 Strong . MACD Bullish . -15.0% from 52w high . Above POC
REGN 772.11 +0.46% . Bull (above all) . RSI 78.4 Overbought . MACD Bullish . -6.0% from 52w high . Above POC
AAPL 312.41 +0.45% . Mixed (below 20, above 50, above 200) . RSI 46.9 Neutral . MACD Bearish . -9.3% from 52w high . Above POC
CDNS 338.42 +0.40% . Bear (below 20/50) . RSI 43.2 Neutral . MACD Bullish . -18.8% from 52w high . Below POC
ADBE 260.24 +0.35% . Bull (above 20/50) . RSI 63.9 Strong . MACD Bullish . -29.8% from 52w high . Above POC
TXN 278.40 +0.25% . Bear (below 20/50) . RSI 45.3 Neutral . MACD Bearish . -16.7% from 52w high . Below POC
META 589.90 +0.19% . Bear (below all) . RSI 47.0 Neutral . MACD Bearish . -25.9% from 52w high . Below POC
KLAC 193.22 +0.19% . Bear (below 20/50) . RSI 43.5 Neutral . MACD Bearish . -37.1% from 52w high . Below POC
BKNG 207.39 +0.18% . Bull (above all) . RSI 69.5 Strong . MACD Bullish . -10.5% from 52w high . Above POC
ORLY 93.37 -0.07% . Bull (above all) . RSI 60.8 Strong . MACD Bullish . -14.1% from 52w high . Above POC
ADI 377.31 -0.10% . Bear (below 20/50) . RSI 48.4 Neutral . MACD Bullish . -15.4% from 52w high . Below POC
AMZN 272.26 -0.14% . Bull (above all) . RSI 63.2 Strong . MACD Bullish . -5.2% from 52w high . Above POC
LIN 490.11 -0.19% . Bear (below 20/50) . RSI 39.5 Weak . MACD Bearish . -10.6% from 52w high . Below POC
NVDA 218.78 -0.20% . Bull (above all) . RSI 61.2 Strong . MACD Bullish . -7.5% from 52w high . Above POC
MRVL 210.54 -0.23% . Mixed (above 20, below 50, above 200) . RSI 49.6 Neutral . MACD Bullish . -36.2% from 52w high . Below POC
WDAY 170.24 -0.23% . Bull (above all) . RSI 66.1 Strong . MACD Bullish . -31.9% from 52w high . Above POC
ISRG 373.71 -0.40% . Mixed (above 20, below 50, below 200) . RSI 49.2 Neutral . MACD Bullish . -38.1% from 52w high . Below POC
MAR 359.67 -0.45% . Bear (below 20/50) . RSI 43.7 Neutral . MACD Bearish . -12.5% from 52w high . Below POC
CSCO 120.88 -0.51% . Bull (above all) . RSI 60.1 Strong . MACD Bullish . -7.3% from 52w high . Above POC
LRCX 305.77 -0.54% . Bear (below 20/50) . RSI 47.2 Neutral . MACD Bullish . -30.3% from 52w high . Below POC
ABNB 151.64 -0.56% . Bull (above all) . RSI 58.6 Neutral . MACD Bullish . -3.1% from 52w high . Above POC
TSLA 319.53 -0.63% . Bear (below all) . RSI 36.9 Weak . MACD Bearish . -35.9% from 52w high . Below POC
NFLX 73.69 -0.69% . Mixed (above 20, below 50, below 200) . RSI 50.8 Neutral . MACD Bullish . -41.8% from 52w high . Below POC
PANW 359.49 -0.87% . Bull (above all) . RSI 62.8 Strong . MACD Bullish . -4.6% from 52w high . Above POC
CRWD 207.39 -1.18% . Bull (above all) . RSI 62.8 Strong . MACD Bullish . -5.5% from 52w high . Above POC
AMAT 527.48 -1.27% . Bear (below 20/50) . RSI 48.2 Neutral . MACD Bullish . -28.7% from 52w high . Below POC
GOOGL 357.75 -1.29% . Bull (above all) . RSI 52.4 Neutral . MACD Bullish . -12.4% from 52w high . Below POC
MU 881.47 -1.31% . Bear (below 20/50) . RSI 47.9 Neutral . MACD Bullish . -29.8% from 52w high . Below POC
CEG 261.10 -1.52% . Bear (below all) . RSI 48.7 Neutral . MACD Bullish . -36.7% from 52w high . Below POC
INTU 321.91 -1.84% . Bull (above 20/50) . RSI 59.7 Neutral . MACD Bullish . -59.1% from 52w high . Above POC
FTNT 160.11 -2.45% . Bull (above all) . RSI 54.4 Neutral . MACD Bullish . -7.0% from 52w high . Above POC
MELI 1830.00 -4.81% . Mixed (below 20, above 50, below 200) . RSI 51.2 Neutral . MACD Bearish . -28.2% from 52w high . Above POC

Breadth: 17 advancers, 23 decliners. Trend split: 18 bullish, 14 bearish, 8 mixed. Only 16 of 40 are above all three EMAs.


SECTOR GROUPING
Mega-cap Tech (AAPL MSFT GOOGL AMZN META NVDA TSLA) . avg +0.13% . 4/7 above all EMAs . avg RSI 55.1
Carried by MSFT +2.54%. AAPL, META and TSLA are the drags - META and TSLA are both below all three EMAs. The mega-cap complex is no longer moving as one bloc, which is a maturing-trend signal.

Semiconductors (AVGO AMD QCOM TXN AMAT MU LRCX KLAC ADI MRVL) . avg +0.09% . 1/10 above all EMAs . avg RSI 48.2
The clear laggard group. Only AVGO is in a clean uptrend. Six of ten sit below both the 20 and 50 EMA while holding the 200 - a classic mid-trend correction, not a breakdown, but the group is not leading. AMAT -1.27% and MU -1.31% were the worst. Semis failing to confirm the index high is the single biggest structural caveat in this report.

Software / Cloud (ADBE INTU CRWD PANW FTNT SNPS CDNS WDAY CSCO) . avg -0.56% . 5/9 above all EMAs . avg RSI 58.0
Weakest sector on the day but strongest on trend quality - PANW, CRWD, FTNT, WDAY and CSCO all sit above all three EMAs with RSI in the 54-66 band. Today's softness was profit-taking (FTNT -2.45%, INTU -1.84%), not damage.

Consumer / Internet (COST NFLX BKNG MELI MAR ABNB DASH PYPL ORLY TMUS) . avg +0.42% . 5/10 above all EMAs . avg RSI 57.9
Best sector on the day. TMUS +3.75%, PYPL +3.19% and DASH +2.89% led, though TMUS's bounce came from below all three EMAs. MELI -4.81% on 2.88x relative volume was the day's outlier and dragged the average down.

Healthcare / Biotech (ISRG REGN) . avg +0.03% . 1/2 above all EMAs . avg RSI 63.8
REGN is the standout - above all EMAs, RSI 78.4, only 6.0% off its 52-week high. ISRG remains 38.1% below its high and stuck under the 50 and 200 EMA.

Industrial / Other (LIN CEG) . avg -0.85% . 0/2 above all EMAs . avg RSI 44.1
Both broken. CEG -1.52% on 1.65x volume after a 280.00 session high failed badly - it closed 261.10, near the low. LIN is below the 20 and 50 with RSI 39.5.


TOP SWING SETUPS


1. PANW - Long (breakout continuation)
Above all three EMAs with wide separation (EMA20 337.82, EMA50 309.90, EMA200 237.68), RSI 62.8, and only 4.6% below its 52-week high of 376.98 - the tightest of any name in the index outside ABNB. POC at 296.42 sits 17% below price, confirming the whole 60-day value area has been left behind.
Entry: 362.00 (above session high 361.47) . Stop: 351.50 (below classic S1 351.84, 0.67 ATR) . T1: 376.98 . T2: 385.00 . R:R: 1.43 / 2.19
Confluence: R1 364.31 is the only level between entry and the 52-week high. ATR 15.57 means a single average day covers the T1 distance.


2. CRWD - Long (52-week high retest)
Above all EMAs, RSI 62.8, 5.5% off the 219.35 high, and price is 45% above the 200 EMA at 142.90 - one of the strongest long-term structures in the index. Today's -1.18% was an inside-range fade on below-average volume (rv 0.81).
Entry: 208.00 (above session high 207.63) . Stop: 199.50 (below classic S2 199.71, 0.89 ATR) . T1: 219.35 . T2: 228.00 . R:R: 1.34 / 2.35
Confluence: POC 176.88 far below; EMA20 194.22 is the trailing stop reference on any deeper pullback.


3. AMZN - Long (record retest)
Above all EMAs, RSI 63.2, and just 5.2% from its 287.20 high - the closest mega-cap in the index to a record (NVDA -7.5%, AAPL -9.3%, MSFT -9.7%, GOOGL -12.4%). Today's -0.14% on 0.58 relative volume is a non-event. The 271.06-275.48 session range was the tightest in the mega-cap group.
Entry: 275.60 (above session high 275.48) . Stop: 266.00 (1.00 ATR, below classic S2 268.51) . T1: 287.20 . T2: 295.00 . R:R: 1.21 / 2.02
Confluence: Classic R1 274.81 already cleared at entry; R2 277.35 is the first check. EMA20 253.68 defines the invalidation of the wider trend.


4. DASH - Long (momentum continuation)
The day's second-strongest large-cap move, +2.89% on 2.23x relative volume - real institutional participation, not drift. Above all EMAs with price 10.5% above the EMA20 at 193.00 and 22.8% above POC 173.71. RSI 69.8 is the caution flag: this is extended.
Entry: 218.50 (above session high 218.03 and R1 218.47) . Stop: 210.00 (below Camarilla S3 210.28, 1.04 ATR) . T1: 228.00 . T2: 240.00 . R:R: 1.12 / 2.53
Confluence: R2 223.67 is the intermediate check. Size this one smaller - RSI near 70 with a 20 EMA 10% below means any failure retraces hard.


5. TSLA - Short (broken trend)
Below all three EMAs with the stack itself bearish: EMA20 341.19 < EMA50 368.68 < EMA200 387.83. RSI 36.9 is the weakest in the index. Price is 35.9% below its 52-week high and only 7.4% above the 52-week low of 297.38. POC sits at 391.03 - the entire 60-day value area is overhead supply.
Entry: 315.00 (below session low 315.52 and Camarilla S4 315.42) . Stop: 324.00 (above classic R2 326.83 is looser; 324 is 0.61 ATR) . T1: 305.00 . T2: 297.38 . R:R: 1.11 / 1.96
Confluence: MACD bearish, no support between 311.87 (S2) and the 52-week low. The risk is a broad-market squeeze on a Hormuz headline - keep the stop honest.


INTRADAY SETUPS


1. NVDA - Camarilla range long
Closed 218.78, wedged between Camarilla S1 218.17 and R1 219.39 - the textbook inside-range condition. Trend is bullish (above all EMAs) so favour the long side of the range.
Direction: Long . Entry: 217.00 (at Camarilla S3 216.96) . Stop: 214.90 (below Camarilla S4 215.13) . T1: 219.80 (pivot) . T2: 220.60 (Camarilla R3) . R:R: 1.33 / 1.71
Reasoning: Camarilla S3-R3 range trade with the trend. Invalidate on an S4 break, which would flip to a short toward classic S1 215.98.


2. GOOGL - POC reclaim long
Fell 1.29% to close 357.75, just below its 60-day POC of 360.07 and pinned between EMA20 352.16 and EMA50 353.89. The POC is the magnet - reclaiming it is the trigger.
Direction: Long . Entry: 356.00 (Camarilla S3 355.76 area) . Stop: 353.50 (below Camarilla S4 353.76) . T1: 359.74 (Camarilla R3, just under POC) . T2: 362.29 (classic R1) . R:R: 1.50 / 2.52
Reasoning: Camarilla range long into POC. The EMA20/EMA50 pair at 352-354 sits immediately under the stop, giving a hard structural floor.


3. AVGO - Camarilla breakout long
The only semiconductor above all three EMAs. Closed 420.57 mid-range after a 428.03 high. A push through Camarilla R4 is the breakout trigger.
Direction: Long . Entry: 430.20 (above Camarilla R4 430.07) . Stop: 425.00 (below Camarilla R3 425.32) . T1: 437.06 (classic R2) . T2: 445.00 . R:R: 1.32 / 2.85
Reasoning: Camarilla R4 breakouts run to R2/R3 when the daily trend agrees. Requires the semi group to stop lagging - if AMAT and MU are red again, skip it.


4. MELI - Camarilla fade short
The day's biggest mover, -4.81% on 2.88x relative volume - the heaviest distribution in the index. Closed 1830.00, back below EMA20 1839.67 and far below EMA200 1874.28.
Direction: Short . Entry: 1848.00 (at Camarilla R3 1848.47) . Stop: 1867.50 (above Camarilla R4 1866.94) . T1: 1809.75 (pivot) . T2: 1786.30 (classic S1) . R:R: 1.96 / 3.16
Reasoning: Fade the bounce into Camarilla R3 after a high-volume breakdown. MACD is bearish and the EMA200 at 1874 caps any recovery.


5. TSLA - Camarilla breakdown short
Below all EMAs, RSI 36.9, closed 319.53 at the bottom of a 315.52-323.00 range. A clean loss of Camarilla S4 opens the trend-day move.
Direction: Short . Entry: 315.20 (below Camarilla S4 315.42) . Stop: 319.60 (back inside the range) . T1: 311.87 (classic S2) . T2: 307.50 . R:R: 0.76 / 1.75
Reasoning: Camarilla S4 breakdowns are trend-day triggers. R:R to T1 is poor, so this is a runner - either take partials at S2 and trail, or skip it and use the daily swing short above instead.


KEY LEVELS DASHBOARD - TOP 5 WEIGHTS
Session H/L is today's range (6 Aug). All levels from the close of 6 August 2026.

NVDA - 218.78
Cam: S4 215.13 . S3 216.96 . S1 218.17 || R1 219.39 . R3 220.6 . R4 222.43
Classic: S3 209.35 . S2 213.17 . S1 215.98 . P 219.8 . R1 222.61 . R2 226.43 . R3 229.24
EMAs: 20 206.17 . 50 205.05 . 200 192.42 . POC: 209.32
Session H/L: 223.63 / 217 . 52w H/L: 236.54 / 164.07

MSFT - 499.86
Cam: S4 492.69 . S3 496.27 . S1 498.66 || R1 501.06 . R3 503.45 . R4 507.03
Classic: S3 478.69 . S2 483.61 . S1 491.73 . P 496.65 . R1 504.77 . R2 509.69 . R3 517.81
EMAs: 20 431.93 . 50 412.98 . 200 425.06 . POC: 407.31
Session H/L: 501.56 / 488.52 . 52w H/L: 553.72 / 349.2

AAPL - 312.41
Cam: S4 308.53 . S3 310.47 . S1 311.76 || R1 313.06 . R3 314.35 . R4 316.29
Classic: S3 301.94 . S2 305.58 . S1 309 . P 312.64 . R1 316.06 . R2 319.7 . R3 323.12
EMAs: 20 318.28 . 50 309.79 . 200 280.24 . POC: 306.04
Session H/L: 316.29 / 309.23 . 52w H/L: 344.57 / 205.59

AMZN - 272.26
Cam: S4 269.83 . S3 271.04 . S1 271.85 || R1 272.67 . R3 273.48 . R4 274.69
Classic: S3 265.97 . S2 268.51 . S1 270.39 . P 272.93 . R1 274.81 . R2 277.35 . R3 279.23
EMAs: 20 253.68 . 50 249.06 . 200 237.48 . POC: 249.13
Session H/L: 275.48 / 271.06 . 52w H/L: 287.2 / 196

GOOGL - 357.75
Cam: S4 353.76 . S3 355.76 . S1 357.09 || R1 358.41 . R3 359.74 . R4 361.74
Classic: S3 347.79 . S2 352.34 . S1 355.04 . P 359.59 . R1 362.29 . R2 366.84 . R3 369.54
EMAs: 20 352.16 . 50 353.89 . 200 322.06 . POC: 360.07
Session H/L: 364.13 / 356.88 . 52w H/L: 408.61 / 193.67


BEARISH WARNINGS
1. Semiconductor non-confirmation. Only 1 of 10 semis (AVGO) is above all three EMAs, and the group's average RSI is 48.2 versus 55-58 for mega-cap tech and software. The NASDAQ 100 has never sustained a leg higher for long without semis participating. AMAT (-1.27%), MU (-1.31%), KLAC and LRCX are all below the 20 and 50 EMA. Watch this.

2. Five names below all three EMAs. META (589.90, EMA200 627.69), TSLA (319.53, EMA200 387.83), QCOM (160.39, EMA200 171.81), TMUS (179.97, EMA200 198.48) and CEG (261.10, EMA200 288.73). TSLA is only 7.4% above its 52-week low and TMUS only 8.6% - the two closest to breaking down entirely.

3. Overbought without confirmation. PYPL closed +3.19% with RSI 75.3 but its MACD is still bearish (3.15 vs signal 3.19) - momentum and oscillator disagree, which usually resolves against the oscillator. MSFT (RSI 78.1) and REGN (RSI 78.4) are both overbought, though both have bullish MACD confirmation.

4. High-volume rejections. MELI -4.81% on 2.88x volume and CEG -1.52% on 1.65x volume after failing from a 280.00 high. These are the two clearest distribution signatures on the tape today.

5. Breadth is thin. 23 decliners to 17 advancers, and only 16 of 40 constituents are above all three EMAs, on a day the index sits 4.5% from a record. The advance is narrower than the headline suggests.

6. Rising yields. The 30-year at 5.211% and the 10-year at 4.668% are at 2026 highs. Long-duration growth multiples are the most sensitive part of this index to that move.

No death crosses were triggered today at either the index or the top-5 component level.


EVENTS CALENDAR
Friday 7 August - Non-Farm Payrolls, 13:30 UK (08:30 ET). The dominant event. With the 2-year already up 6bp today, a hot print pressures the whole long-duration complex; a soft print likely sends the index straight at 29588 and then the record. Expect thin, choppy conditions in the hour before the release.

Wednesday 12 August - US CPI, 13:30 UK (08:30 ET). Next week's main macro risk, and the more important of the two for the Fed path given where yields are.

Strait of Hormuz. An interim 60-day reopening deal has been reported as close for several sessions. Confirmation would be an oil-negative, risk-positive headline; collapse of the talks is the tail risk into the weekend.

Earnings. The bulk of NASDAQ 100 reporting is done. CSCO reports 19 August. AMAT and NVDA are the other two majors still to come later in the month - check exact dates with your broker, as they were not confirmed at the time of writing. No index-40 constituent reports before Monday.


SUMMARY
An orderly, low-conviction pullback inside a strong uptrend. The index gave back 0.39% on exactly average volume with VIX at 15.14 and RSI at a neutral 54.4 - none of that describes a top. The EMA stack is perfectly aligned and the 28853-28909 confluence sits 1.6% below as a well-defined line in the sand.

The caveat worth taking seriously is participation: only 16 of 40 constituents are above all three EMAs, and the semiconductor group - 1 of 10 above all EMAs - is not confirming. Leadership has rotated into software and consumer/internet names, which is fine as long as semis merely consolidate rather than break their 200 EMAs.

While 28850 holds, the path of least resistance is up. First target 29588, then 29802-29831, then the 30000 handle. Below 28850 the August breakout is in question and 28695 comes quickly. Payrolls tomorrow decides which.

Report: 6 August 2026 21:58 GMT . Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 DAILY TECHNICAL REPORT - Wednesday 05 August 2026
Data: Close 05 Aug 2026 | NAS100: 29,487.79 | Change: -245.37 (-0.83%) | Range: 29,468.33 - 29,946.93


MARKET OVERVIEW


The NASDAQ 100 closed at 29,487.79, down 245.37 points (-0.83%). The session opened at 29,863.27, printed a high of 29,946.93 inside the first hour, then sold off steadily to close at 29,487.79 - just 19.46 points off the session low of 29,468.33. Volume of 1.485bn ran slightly above the 20-day average of 1.406bn, which makes this a genuine distribution day rather than a quiet drift lower.


Context matters here. Tuesday delivered record closes across all three major indices - the S&P 500 closed above 7,700 for the first time and the Dow gained more than 900 points - and the S&P went on to print a fresh intraday record of 7,793.68 on Wednesday morning. The Dow held its gains. The NASDAQ 100 did not. That divergence - Dow at records while the tech index gives back the whole day - is the single most important observation in today's tape.


Drivers: Renewed Middle East risk after Houthi rebels struck a Saudi oil tanker off Yanbu, pushing WTI to 76.34 (+0.75%) and Brent to 79.82 (+1.56%) and undercutting the Strait of Hormuz reopening optimism that powered Tuesday's rally. Gold rallied 1.83% to 4,228.40 and silver 2.59% to 61.81 - classic safe-haven bid. On the single-stock side, AMD faded hard from a 502.00 high after its Q2 report and Q3 revenue guide failed to clear elevated expectations, and SpaceX (SPCX) fell heavily on AI capex concerns. Rotation out of high-multiple tech and into cyclicals and defensives is the cleanest read.


VIX: 15.80, having ranged 15.48 to 18.43. Note the spike to 18.43 intraday before the fade back to the lows - fear appeared, then was sold. Complacent, but no longer asleep.


Bias: Cautiously bearish for the next 1-2 sessions, constructive over the swing horizon. Trend structure is intact; today was a rejection at the highs, not a breakdown.


TREND STRUCTURE


EMA stack: Close 29,487.79 | EMA20 28,820.39 | EMA50 28,832.24 | EMA200 26,827.08.


Price is above all three EMAs - 2.32% above the 20, 2.27% above the 50 and 9.92% above the 200. That is textbook bullish alignment on the close-versus-EMA test. However, note the EMA20 (28,820.39) sits marginally BELOW the EMA50 (28,832.24) - a gap of just 11.85 points. The short-term average has not yet reclaimed the medium-term average after the late-July drawdown. The stack is not yet fully bullish-ordered; it is compressed and on the cusp of a bullish cross.


Structure: The index bottomed at 27,954.24 on 31 July, then rallied three straight sessions - 28,274.20, 28,776.80, 29,733.16 - a 6.4% advance off the low in three days. Today's failure to extend puts a clear lower-high marker at 29,946.93. Higher lows remain intact from the 31 July base.


Phase: Recovery / late-stage snapback within a broader consolidation. The 52-week high of 30,762.20 is 4.14% overhead and remains unchallenged since the July peak. The 52-week low is 22,841.42. Until 30,762.20 is reclaimed, treat this as a rally inside a range, not a new leg of the primary uptrend.


INDICATORS


RSI(14): 55.5 - mid-range, neutral-to-constructive. Comfortably above the 50 midline but nowhere near the 70 overbought threshold. Critically, RSI is NOT confirming the price recovery with equal enthusiasm: price recovered 6.4% off the 31 July low while RSI only lifted back to 55.5. There is no bullish divergence here - if anything a mild momentum lag. Room to run in both directions.


MACD: -130.8, Signal -261.9, Histogram +131.1 - MACD is above its signal line, a bullish crossover that occurred during the recent bounce, and the histogram is firmly positive and expanding. But both lines remain below the zero line, which means the medium-term trend has not fully repaired. This is a recovering-momentum signature, not a confirmed bull-trend signature. The zero-line cross is the level that would confirm it.


Volume: 1.485bn vs 20-day average 1.406bn (+5.6%). Above-average volume on a down day that closed at the lows is textbook distribution. One day is not a trend, but it earns a note.


ATR(14): 647.2 points. Daily expected range is roughly 2.2% of index value - elevated. Size positions accordingly; stops closer than 300-400 points on the index will be noise-stopped.


KEY INDEX LEVELS


Resistance: R1 29,800.37 - R2 30,112.96 - R3 30,278.98. Above that, the 52-week high at 30,762.20.


Support: S1 29,321.77 - S2 29,155.75 - S3 28,843.16. Below that, the EMA50 at 28,832.24 and EMA20 at 28,820.39 form a tight confluence shelf.


Classic pivots (from today's 29,946.93 / 29,468.33 / 29,487.79): S2 29,155.75 . S1 29,321.77 . P 29,634.35 . R1 29,800.37 . R2 30,112.96


Round numbers: 29,500 (immediately overhead - today closed 12.21 points below it, a psychologically important rejection), 29,000, 30,000, 30,500.


The level that matters: 28,820-28,832. That is where EMA20 and EMA50 converge within 12 points of each other. A daily close below that band would invalidate the recovery thesis outright. A hold there on any pullback is the highest-quality long entry on the index.


COMPONENT SIGNALS - ALL 40


Format: Ticker . Close . Trend (strict close-vs-EMA) . RSI . MACD . % from 52w high . Day change . POC


AAPL 311.00 . Mixed (<20 >50 >200) . RSI 45.8 (Neutral) . MACD Bear . -9.74% from 52wH . +0.17% . Above POC


MSFT 487.46 . Bull (above all) . RSI 76.1 (OB) . MACD Bull . -11.97% from 52wH . -0.22% . Above POC


NVDA 219.22 . Bull (above all) . RSI 61.6 (Strong) . MACD Bull . -7.32% from 52wH . +1.60% . Above POC


AMZN 272.65 . Bull (above all) . RSI 63.5 (Strong) . MACD Bull . -5.07% from 52wH . -0.63% . Above POC


META 588.77 . Bear (below all) . RSI 46.7 (Neutral) . MACD Bear . -26.06% from 52wH . +0.02% . Below POC


GOOGL 362.43 . Bull (above all) . RSI 54.6 (Bullish) . MACD Bull . -11.30% from 52wH . -1.10% . Above POC


AVGO 418.28 . Bull (above all) . RSI 61.8 (Strong) . MACD Bull . -15.50% from 52wH . +0.01% . Above POC


TSLA 321.55 . Bear (below all) . RSI 37.5 (Weak) . MACD Bear . -35.54% from 52wH . -0.55% . Below POC


COST 941.99 . Bear (below all) . RSI 47.4 (Neutral) . MACD Bull . -14.09% from 52wH . -0.07% . Below POC


NFLX 74.20 . Mixed (>20 <50 <200) . RSI 52.5 (Bullish) . MACD Bull . -41.44% from 52wH . +1.17% . Below POC


AMD 482.05 . Bear (below 20/50) . RSI 46.6 (Neutral) . MACD Bear . -17.56% from 52wH . -1.44% . Below POC


ADBE 259.32 . Bull (above 20/50) . RSI 63.5 (Strong) . MACD Bull . -30.08% from 52wH . +0.27% . Above POC


QCOM 157.53 . Bear (below all) . RSI 39.6 (Weak) . MACD Bear . -39.39% from 52wH . -1.97% . Below POC


TMUS 173.46 . Bear (below all) . RSI 42.5 (Neutral) . MACD Bear . -33.68% from 52wH . -1.21% . Below POC


LIN 491.05 . Bear (below 20/50) . RSI 40.0 (Neutral) . MACD Bear . -10.43% from 52wH . +0.27% . Below POC


ISRG 375.20 . Mixed (>20 <50 <200) . RSI 49.8 (Neutral) . MACD Bull . -37.87% from 52wH . +0.50% . Below POC


INTU 327.94 . Bull (above 20/50) . RSI 63.5 (Strong) . MACD Bull . -58.70% from 52wH . +0.41% . Above POC


CSCO 121.50 . Bull (above all) . RSI 61.6 (Strong) . MACD Bull . -6.80% from 52wH . -0.16% . Above POC


TXN 277.71 . Bear (below 20/50) . RSI 44.9 (Neutral) . MACD Bear . -16.86% from 52wH . -0.75% . Below POC


AMAT 534.24 . Mixed (<20 >50 >200) . RSI 49.2 (Neutral) . MACD Bear . -27.77% from 52wH . -0.42% . Below POC


BKNG 207.02 . Bull (above all) . RSI 69.3 (Strong) . MACD Bull . -10.69% from 52wH . +3.28% . Above POC


PANW 362.66 . Bull (above all) . RSI 64.6 (Strong) . MACD Bull . -3.80% from 52wH . -0.27% . Above POC


MU 893.19 . Mixed (<20 >50 >200) . RSI 48.8 (Neutral) . MACD Bear . -28.83% from 52wH . +0.01% . Below POC


LRCX 307.42 . Bear (below 20/50) . RSI 47.6 (Neutral) . MACD Bull . -29.89% from 52wH . -1.05% . Below POC


KLAC 192.85 . Bear (below 20/50) . RSI 43.3 (Neutral) . MACD Bear . -37.26% from 52wH . -0.68% . Below POC


ADI 377.69 . Mixed (>20 <50 >200) . RSI 48.6 (Neutral) . MACD Bull . -15.30% from 52wH . -0.18% . Below POC


REGN 768.58 . Bull (above all) . RSI 77.9 (OB) . MACD Bull . -6.40% from 52wH . +0.14% . Above POC


SNPS 400.82 . Mixed (>20 <50 <200) . RSI 46.4 (Neutral) . MACD Bull . -37.00% from 52wH . -0.19% . Below POC


CDNS 337.07 . Bear (below 20/50) . RSI 42.3 (Neutral) . MACD Bull . -19.11% from 52wH . -0.31% . Below POC


MELI 1922.57 . Bull (above all) . RSI 68.7 (Strong) . MACD Bull . -24.56% from 52wH . +0.09% . Above POC


CRWD 209.86 . Bull (above all) . RSI 65.2 (Strong) . MACD Bull . -4.33% from 52wH . -0.30% . Above POC


MAR 361.31 . Bear (below 20/50) . RSI 44.6 (Neutral) . MACD Bear . -12.09% from 52wH . +1.31% . Below POC


ABNB 152.49 . Bull (above all) . RSI 60.3 (Strong) . MACD Bull . -2.56% from 52wH . +1.13% . Above POC


MRVL 211.02 . Mixed (>20 <50 >200) . RSI 49.8 (Neutral) . MACD Bull . -36.03% from 52wH . -1.61% . Below POC


DASH 207.27 . Bull (above all) . RSI 66.6 (Strong) . MACD Bull . -27.40% from 52wH . +1.18% . Above POC


FTNT 164.13 . Bull (above all) . RSI 59.7 (Bullish) . MACD Bull . -4.63% from 52wH . -1.48% . Above POC


CEG 265.12 . Mixed (>20 <50 <200) . RSI 51.7 (Bullish) . MACD Bull . -35.76% from 52wH . -0.30% . Below POC


WDAY 170.64 . Bull (above all) . RSI 66.5 (Strong) . MACD Bull . -31.70% from 52wH . -0.22% . Above POC


PYPL 57.93 . Bull (above all) . RSI 71.1 (OB) . MACD Bear . -26.87% from 52wH . -1.76% . Above POC


ORLY 93.44 . Bull (above all) . RSI 61.0 (Strong) . MACD Bull . -14.05% from 52wH . +1.91% . Above POC


Breadth: 19 bullish trend / 12 bearish trend / 9 mixed. MACD bullish on 27 of 40. 20 of 40 trading above their 60-day volume POC. Only 17 of 40 closed green on the day. Zero components are RSI oversold; three are overbought (MSFT 76.1, REGN 77.9, PYPL 71.1).


EMA classification verified programmatically against close-versus-EMA20/50/200 for all 40 constituents: zero mismatches.


SECTOR GROUPING


Mega-cap Tech - AAPL 311.00 (mixed, below EMA20), MSFT 487.46 (bull, RSI 76.1), NVDA 219.22 (bull, +1.60%), AMZN 272.65 (bull), META 588.77 (bear, below all), GOOGL 362.43 (bull, -1.10% on a 7.8% range), AVGO 418.28 (bull), TSLA 321.55 (bear, below all). Five of eight bullish but the group gave ground today. MSFT is the standout with a 22.41 MACD versus 10.43 signal - the widest bullish spread in the index.


Semiconductors - AMD 482.05 (bear, -1.44%, faded from 502.00 post-earnings on 1.65 relative volume), QCOM 157.53 (bear below all, -1.97%, worst performer), TXN 277.71 (bear below 20/50), AMAT 534.24 (mixed), MU 893.19 (mixed), LRCX 307.42 (bear below 20/50), KLAC 192.85 (bear below 20/50), ADI 377.69 (mixed), MRVL 211.02 (mixed, -1.61%). Only NVDA and AVGO hold clean bullish structure. This is the weakest group in the index and the primary drag. Seven of eleven semis sit below their EMA20.


Software / Cloud - ADBE 259.32 (bull above 20/50), INTU 327.94 (bull above 20/50), PANW 362.66 (bull, printed a new 52w high at 376.98 then faded), SNPS 400.82 (mixed), CDNS 337.07 (bear below 20/50), CRWD 209.86 (bull, printed a new 52w high at 219.35 then faded), FTNT 164.13 (bull, -1.48% from a 172.09 52w high), WDAY 170.64 (bull), CSCO 121.50 (bull). Strongest group in the index - seven of nine bullish, and three members touched 52-week highs today. The EDA pair (SNPS, CDNS) is the weak link.


Consumer / Internet - COST 941.99 (bear below all), NFLX 74.20 (mixed), BKNG 207.02 (bull, +3.28% on 1.71 relative volume - best in index), MELI 1,922.57 (bull), MAR 361.31 (bear below 20/50 but +1.31%), ABNB 152.49 (bull, +1.13%), DASH 207.27 (bull, +1.18% on 1.32 rvol), PYPL 57.93 (bull structure but RSI 71.1 with a bearish MACD cross and -1.76% today), ORLY 93.44 (bull, +1.91%), TMUS 173.46 (bear below all, only 4.7% above its 52-week low). Travel and booking names were the day's genuine leadership.


Healthcare / Biotech - ISRG 375.20 (mixed, +0.50%), REGN 768.58 (bull above all, RSI 77.9, MACD 29.20 vs 19.00, 6.4% from its 52w high). REGN is the single strongest momentum profile in the entire index.


Industrial / Other - LIN 491.05 (bear below 20/50, RSI 40.0), CEG 265.12 (mixed, -0.30%). Both laggards; neither offers a clean setup.


TOP SWING SETUPS


1. BKNG - LONG (highest conviction)


Booking closed 207.02, +3.28%, on 1.71 relative volume - the strongest volume-confirmed move in the index. Bullish above all three EMAs (20: 187.97, 50: 180.65, 200: 183.84), RSI 69.3, MACD 6.21 over 4.57 signal, trading 32.93 above its 60-day POC of 174.10. It is 10.69% below its 52-week high of 231.80, giving it room.


Entry: 205.50-207.00 (pullback into the 206.87 pivot / 205.31 Camarilla S2 zone) . Stop: 197.40 (below S2 197.53, 1.24x ATR) . T1: 216.21 (R2) . T2: 231.80 (52w high) . R:R: 1:2.6


Confluence: Volume expansion, full bullish EMA stack, MACD widening, well above POC, no overhead structure until 231.80. ATR 7.76.


2. REGN - LONG (wait for the pullback)


Regeneron closed 768.58 with the cleanest momentum in the index: RSI 77.9, MACD 29.20 versus 19.00 signal, above EMA20 701.29 / EMA50 679.33 / EMA200 690.01, and 120.32 above its POC of 648.26. The catch is the overbought RSI - do not chase this at the close.


Entry: 758.00-760.40 (Camarilla S4 757.98 / classic S1 760.40) . Stop: 741.12 (S3, 0.94x ATR) . T1: 790.77 (R2) . T2: 821.11 (52w high) . R:R: 1:3.1


Confluence: Strongest MACD spread in the index, healthcare is a defensive beneficiary of the tech rotation, only 6.4% from a 52-week high. ATR 20.51. Risk: RSI 77.9 can unwind through time or price.


3. CRWD - LONG (pullback buy after a 52w high print)


CrowdStrike tagged a new 52-week high at 219.35 today and closed 209.86 - a 4.3% fade off the high. Structure remains fully bullish: above EMA20 192.83, EMA50 179.95, EMA200 142.25, RSI 65.2, MACD 5.01 over 3.74, and 33.93 above its POC of 175.93. The fade is an opportunity, not a warning, unless 196.71 gives way.


Entry: 205.00-206.50 (Camarilla S4 204.48 / S1 206.50) . Stop: 196.50 (below S3 196.71, 0.98x ATR) . T1: 219.35 (today's 52w high) . T2: 226.08 (R3) . R:R: 1:2.0


Confluence: Fresh 52-week high, strongest sector in the index, textbook EMA stack. ATR 9.67.


4. PANW - LONG


Palo Alto also printed a new 52-week high today (376.98) and closed 362.66, down 0.27%. The EMA stack is exceptionally wide - close 362.66 versus EMA20 335.54, EMA50 307.88, EMA200 236.45 - which signals a powerful, established trend but also means a mean-reversion pullback carries some distance. RSI 64.6, MACD 10.01 over 9.25 (narrowing - watch it), 68.60 above its 294.06 POC.


Entry: 360.00-362.66 (holding above Camarilla S1 361.31) . Stop: 347.00 (1.0x ATR, below S2 352.53) . T1: 376.98 (52w high) . T2: 387.11 (R3) . R:R: 1:1.6


Confluence: New 52-week high, cybersecurity leadership alongside CRWD and FTNT. ATR 15.72. Caution: MACD histogram narrowing to 0.76 - momentum is decelerating even as price holds.


5. TSLA - SHORT (bounce-fade)


Tesla is the cleanest bearish structure in the index: close 321.55 below EMA20 343.47, EMA50 370.69 and EMA200 388.52 - a full bearish stack with the averages in perfect descending order. RSI 37.5, MACD -22.25 below -20.95 signal and still falling, price 71.46 below its 393.01 POC, 35.54% off its 52-week high, and only 8.13% above its 52-week low of 297.38.


Entry: Short 329.00-329.85 on a bounce into R2 . Stop: 344.00 (above EMA20 343.47, 0.92x ATR) . T1: 316.13 (S2) . T2: 297.38 (52w low) . R:R: 1:2.3


Confluence: Every moving average overhead, MACD deteriorating, deep below POC, weakest RSI in the index. ATR 15.44.


INTRADAY SETUPS


1. NVDA - Camarilla range long


NVDA closed 219.22, inside its Camarilla band (S1 218.69 / R1 219.75), which is the classic range-day signature. Bullish EMA stack, RSI 61.6, MACD 0.89 just crossed above -0.57 signal, above POC 209.35, and it led the mega-caps with +1.60% on 1.19 relative volume.


Direction: Long . Entry: 217.62 (Camarilla S3) . Stop: 215.80 (below Camarilla S4 216.02) . T1: 219.75 (cam R1) . T2: 220.82 (cam R3) . R:R: 1:1.7


Reasoning: Camarilla S3-to-R3 reversion is the highest-probability intraday pattern when a stock closes inside the S1/R1 band. NVDA is the strongest liquid mega-cap; buy the dip into S3.


2. BKNG - Camarilla breakout long


Direction: Long . Entry: 209.59 (break and hold above Camarilla R3) . Stop: 206.10 (below Camarilla S1 206.16) . T1: 211.62 (classic R1) . T2: 216.21 (classic R2) . R:R: 1:1.9


Reasoning: A Camarilla R3 break after a +3.28% high-volume day is a continuation signal, not exhaustion. The 211.47 session high is the confirmation trigger. Invalidate on any move back below S1.


3. AMD - Camarilla breakdown short


AMD faded from 502.00 to 482.05 after earnings on 1.65 relative volume - the highest conviction seller footprint in the index. It closed below EMA20 501.62 and below its POC of 499.65, with MACD -8.25 under -4.87 signal. ATR is a huge 40.39, so size small.


Direction: Short . Entry: 475.30 (break below Camarilla S3 475.51) . Stop: 484.40 (above Camarilla R1 484.23) . T1: 468.96 (cam S4) . T2: 463.62 (classic S2) . R:R: 1:1.3


Reasoning: Post-earnings disappointment plus a close below both EMA20 and POC. Camarilla S3 breaks trend rather than revert. High ATR - use half size.


4. AAPL - Pivot bounce long


AAPL closed 311.00, marginally above its 309.46 pivot and above its 305.80 POC, but below EMA20 318.89 - a mixed profile (below 20, above 50 and 200). Suitable for an intraday bounce only, not a swing.


Direction: Long . Entry: 309.46 (classic pivot) . Stop: 307.00 (below S1 307.21) . T1: 313.25 (R1) . T2: 315.50 (R2) . R:R: 1:1.5


Reasoning: Pivot plus POC (305.80) confluence just beneath. MACD is bearish at 2.09 versus 5.72 signal and price is below the EMA20 - this is a scalp, keep it tight.


5. GOOGL - Camarilla breakdown short


Alphabet posted an enormous 356.77-384.48 range (7.8%) on 1.43 relative volume and closed 362.43, down 1.10% - closing in the bottom quarter of the day's range. It closed just 1.87 above its 60-day POC of 360.56 and well below the 367.89 pivot. A close in the lower quarter of a wide-range high-volume day usually sees follow-through.


Direction: Short . Entry: 359.70 (break below Camarilla S1 359.89 and the 360.56 POC) . Stop: 365.10 (above Camarilla R1 364.97) . T1: 354.81 (cam S3) . T2: 351.31 (classic S1) . R:R: 1:1.6


Reasoning: Losing the POC on the day after a wide-range distribution bar opens the classic S1 at 351.31. Invalidate above the pivot at 367.89. ATR 13.93.


KEY LEVELS DASHBOARD - TOP 5


AAPL - 311.00


Cam: S4 307.68 . S3 309.34 . S1 310.45 || R1 311.55 . R3 312.66 . R4 314.32


Classic: S3 301.17 . S2 303.42 . S1 307.21 . P 309.46 . R1 313.25 . R2 315.50 . R3 319.29


EMA20 318.89 . EMA50 309.69 . EMA200 279.91 . POC 305.80


Prev H/L 311.71 / 305.67 . 52w H/L 344.57 / 202.16 . ATR 9.51


MSFT - 487.46


Cam: S4 480.55 . S3 484.01 . S1 486.31 || R1 488.61 . R3 490.91 . R4 494.37


Classic: S3 470.12 . S2 477.90 . S1 482.68 . P 490.46 . R1 495.24 . R2 503.02 . R3 507.80


EMA20 424.78 . EMA50 409.43 . EMA200 424.31 . POC 406.10


Prev H/L 498.24 / 485.68 . 52w H/L 553.72 / 349.20 . ATR 16.72


NVDA - 219.22


Cam: S4 216.02 . S3 217.62 . S1 218.69 || R1 219.75 . R3 220.82 . R4 222.42


Classic: S3 210.52 . S2 213.46 . S1 216.34 . P 219.28 . R1 222.16 . R2 225.10 . R3 227.98


EMA20 204.85 . EMA50 204.49 . EMA200 192.15 . POC 209.35


Prev H/L 222.22 / 216.40 . 52w H/L 236.54 / 164.07 . ATR 7.88


AMZN - 272.65


Cam: S4 266.02 . S3 269.33 . S1 271.54 || R1 273.76 . R3 275.97 . R4 279.28


Classic: S3 255.93 . S2 263.33 . S1 267.99 . P 275.39 . R1 280.05 . R2 287.45 . R3 292.11


EMA20 251.73 . EMA50 248.12 . EMA200 237.14 . POC 249.18


Prev H/L 282.79 / 270.73 . 52w H/L 287.20 / 196.00 . ATR 9.98


GOOGL - 362.43


Cam: S4 347.19 . S3 354.81 . S1 359.89 || R1 364.97 . R3 370.05 . R4 377.67


Classic: S3 323.60 . S2 340.18 . S1 351.31 . P 367.89 . R1 379.02 . R2 395.60 . R3 406.73


EMA20 351.57 . EMA50 353.73 . EMA200 321.70 . POC 360.56


Prev H/L 384.48 / 356.77 . 52w H/L 408.61 / 193.67 . ATR 13.93


BEARISH WARNINGS


1. Index distribution day. The NAS100 gapped up, printed 29,946.93, and closed 29,487.79 - within 19 points of the session low - on above-average volume, while the Dow closed at a record. Institutional rotation out of tech is the cleanest interpretation.


2. EMA20 still below EMA50 on the index. 28,820.39 versus 28,832.24. The short-term average has not reclaimed the medium-term average. Until it does, the recovery is unconfirmed.


3. MACD below zero. Both MACD (-130. and signal (-261.9) remain negative. The bullish crossover is real but the medium-term trend has not repaired.


4. Full bearish stacks: META, TSLA, COST, QCOM, TMUS trade below all three EMAs. TMUS is only 4.7% above its 52-week low; TSLA only 8.1% above its.


5. Semiconductor breakdown. AMD, LIN, TXN, LRCX, KLAC, CDNS and MAR all closed below both EMA20 and EMA50. Seven of eleven semiconductors are under their 20-day. Semis normally lead the index in both directions - this is the clearest forward warning in the data.


6. PYPL overbought with a bearish MACD. RSI 71.1 while MACD (3.13) has crossed below signal (3.20), and the stock fell 1.76% on the lowest relative volume in the index (0.45). Classic momentum-exhaustion divergence.


7. MSFT overbought. RSI 76.1. The MACD spread (22.41 vs 10.43) is powerful, but a stock 11.97% below its 52-week high with a 76 RSI is stretched short-term.


8. Failed 52-week-high prints. PANW (376.98), CRWD (219.35) and FTNT (172.09) all touched 52-week highs today and all three closed lower. Three simultaneous upside rejections in the strongest sector is worth respecting.


EVENTS CALENDAR


Thursday 06 August


Weekly initial jobless claims, 13:30 UK / 08:30 ET. No first-tier tech earnings scheduled among the 40.


Friday 07 August


US Employment Situation (July non-farm payrolls), 13:30 UK / 08:30 ET. This is the week's dominant event risk and the primary driver of Fed rate expectations. Falling rate-hike expectations have been a stated pillar of the current rally - a hot print removes it.


Ongoing / unscheduled


US-Iran negotiations over the Strait of Hormuz. President Trump stated the strait would reopen "very soon" or Iran would be "hit very hard"; Iranian state media disputed any linkage to an Oman agreement. Houthi attacks on shipping in the Red Sea are now a live, repeating headline risk - a Saudi tanker was struck off Yanbu today and an Indian-flagged vessel was sunk off Yemen. Oil is the transmission mechanism into equities: WTI 76.34, Brent 79.82. Any escalation hits the index through both the rate channel and the risk-appetite channel.


Already reported this week: AMD and SpaceX (Tuesday), Disney and Shopify (Wednesday). The remaining NAS100 reporting season is light until the second half of August.


SUMMARY


Trend structure remains intact - price above all three EMAs, 19 of 40 components bullish, 27 of 40 with bullish MACD, and the strongest sector (software and cybersecurity) still printing 52-week highs. But today was a rejection, and the internals under the surface are thinner than the headline suggests: only 17 of 40 closed green, semiconductors are broadly under their 20-day, the index EMA20 still sits below the EMA50, and MACD remains below zero.


Plan: Buy pullbacks into the 28,820-28,832 EMA confluence, not strength into 29,800-30,113. A daily close below 28,843 (S3) invalidates the recovery. A daily close above 30,112.96 (R2) with expanding breadth reopens the 30,762.20 52-week high. Long book: BKNG, REGN, CRWD, PANW. Short book: TSLA, and AMD on a Camarilla S3 break. Reduce gross exposure into Friday's payrolls print.


Report: 05 August 2026 23:00 GMT . Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 Daily Technical Analysis - Tuesday 4 August 2026
Data: Close 2026-08-04 | NAS100: 29733.16 | Change: +956.36 (+3.32%) | Range: 29109.26 - 29831.40



MARKET OVERVIEW
The NASDAQ 100 closed at 29733.16, up +956.36 points (+3.32%) - the strongest single session of the recovery so far. The index opened at 29109.26, never traded below the open, and closed at 29733.16, just 98.24 points off the session high of 29831.40. That is a textbook trend day: open at the low, close at the high, no meaningful retracement.

Volume printed 1.81bn against a 1.39bn average - roughly 30% above normal, which is the confirmation the last three sessions lacked. Nasdaq breadth ran at approximately 3.01-to-1 advancing, and 32 of the 40 large-cap constituents tracked here closed higher.

The driver was semiconductors. Marvell led the entire index +12.81%, with Lam Research +7.85%, Micron +7.67%, Qualcomm +7.32%, AMD +7.00%, KLA +6.95%, Broadcom +6.61%, Applied Materials +5.48%, Texas Instruments +5.42% and Analog Devices +5.09%. Ten of the twelve semiconductor names in the group gained more than 3%. The VIX eased to 15.86 (-0.8%), consistent with a risk-on tape rather than a short-covering panic.

Bias: Bullish while price holds above 29284 (pivot S1). The index has now rallied +9.34% in four sessions off the 27192.31 low of 30 July. That is the caveat - this is a powerful move, but it is also a stretched one.



TREND STRUCTURE
EMA stack (close vs each EMA):
Close 29733.16 · EMA20 28750.14 · EMA50 28805.48 · EMA200 26765.28

Price is above all three EMAs - the index qualifies as Bull (above all) on strict rules. Price sits +3.42% above the 20 EMA, +3.22% above the 50 EMA and +11.09% above the 200 EMA.

However, the stack itself is not yet aligned. The 20 EMA (28750.14) remains fractionally below the 50 EMA (28805.48) - a gap of just 55.34 points. The July pullback was deep enough to roll the short-term average under the medium-term one, and one strong session has not repaired it. A close above roughly 29000 held for two more sessions will flip the 20 back over the 50 and complete the alignment.

Structure: The index bottomed at 27192.31 on 30 July and has printed four consecutive higher closes: 27192.31 - 28106.35 - 28274.20 - 28776.80 - 29733.16. Today's action cleared the 28842.36 swing high from the previous session with room to spare. Higher highs and higher lows are re-established on the daily.

Phase: Recovery within a primary uptrend. The 200 EMA at 26765.28 has never been threatened during this correction - the deepest close (27192.31) was still 1.6% above it. This is a correction inside a bull market, not a trend change. The index remains -3.35% below the 52-week high of 30762.20, with the 52-week low at 22841.42.



INDICATORS
RSI(14): 57.93 - neutral-to-constructive. Despite a 3.32% session, RSI has only recovered to the mid-50s, which tells you how oversold the prior dip was. There is no overbought reading at index level and therefore no momentum ceiling here; RSI has 12 points of room before the 70 line. No bearish divergence is present - the RSI low on 30 July coincided with the price low, so momentum and price are in agreement.

MACD: -216.23 | Signal: -294.64 | Histogram: +78.41
The MACD line has crossed above its signal line and the histogram has turned positive - a bullish crossover. The important qualifier: both lines remain below the zero line. That makes this a recovery signal, not a fresh trend signal. Zero-line reclaim is the confirmation to watch; on current momentum that would take several more sessions of gains.

Volume: 1.81bn vs 1.39bn 20-day average. Expanding volume on an up day with 3-to-1 breadth is accumulation, not a bounce. This is the single most encouraging element of today's tape.

ATR(14): 660.18 - roughly 2.2% of index value. Position sizing should account for daily swings of 600-700 points as normal.



KEY INDEX LEVELS
Resistance:
R3 30728.76 - classic pivot R3, converging with the 52-week high at 30762.20. Major.
R2 30280.08 - pivot R2, and the round-number 30000-30300 zone sits inside it.
R1 30006.62 - pivot R1 and the psychological 30000 handle. First real test.

Support:
S1 29284.48 - pivot S1. Also the mid-point of today's range. First defence.
S2 28835.80 - pivot S2, sitting directly on the EMA50 at 28805.48 and the EMA20 at 28750.14. Triple confluence - this is the level that matters.
S3 28562.34 - pivot S3. Below here the four-day rally is invalidated.

Daily pivot: P 29557.94. Round numbers: 29500, 30000, 30500.
Prev day: H 28842.36 · L 28196.88 · C 28776.80 - the 28776.80 prior close is now short-term support-turned-floor.



COMPONENT SIGNALS - ALL 40
Format: Ticker | Close | Day % | Trend (strict EMA) | RSI | MACD | % from 52w high | POC

Mega-cap Tech
AAPL | 309.38 | +1.96% | Bear (below 20/50) | 44.7 | Bear | -10.2% | Above POC
MSFT | 492.81 | +1.06% | Bull (above all) | 79.0 Overbought | Bull | -11.0% | Above POC
NVDA | 211.88 | +2.54% | Bull (above all) | 56.9 | Bull | -10.4% | Above POC
AMZN | 277.42 | -2.32% | Bull (above all) | 67.0 | Bull | -3.4% | Above POC
META | 587.94 | -0.39% | Bear (below all) | 46.5 | Bear | -26.2% | Below POC
GOOGL | 377.65 | +1.11% | Bull (above all) | 62.6 | Bull | -7.6% | Above POC
TSLA | 327.35 | +1.64% | Bear (below all) | 39.2 | Bear | -34.4% | Below POC
NFLX | 73.57 | +0.33% | Mixed (above 20, below 50, below 200) | 50.6 | Bull | -41.9% | Below POC

Semiconductors
AVGO | 418.16 | +6.61% | Bull (above all) | 61.8 | Bull | -15.5% | Above POC
AMD | 518.58 | +7.00% | Bull (above all) | 52.3 | Bear | -11.3% | Above POC
QCOM | 162.67 | +7.32% | Bear (below all) | 42.4 | Bear | -37.4% | Below POC
TXN | 283.63 | +5.42% | Bear (below 20/50) | 47.9 | Bear | -15.1% | Below POC
AMAT | 546.62 | +5.48% | Bull (above all) | 51.0 | Bear | -26.1% | Above POC
MU | 892.67 | +7.67% | Mixed (below 20, above 50, above 200) | 48.8 | Bear | -28.9% | Below POC
LRCX | 317.74 | +7.85% | Mixed (above 20, below 50, above 200) | 50.0 | Bear | -27.5% | Below POC
KLAC | 195.45 | +6.95% | Bear (below 20/50) | 44.3 | Bear | -36.4% | Below POC
ADI | 380.29 | +5.09% | Mixed (above 20, below 50, above 200) | 49.7 | Bull | -14.7% | Below POC
MRVL | 218.59 | +12.81% | Bull (above all) | 52.2 | Bull | -33.7% | Below POC
SNPS | 403.86 | +3.01% | Mixed (above 20, below 50, below 200) | 47.7 | Bull | -36.6% | Below POC
CDNS | 340.62 | +1.33% | Bear (below 20/50) | 44.0 | Bull | -18.3% | Below POC

Software / Cloud
ADBE | 257.49 | +2.45% | Bull (above 20/50) | 62.7 | Bull | -30.6% | Above POC
INTU | 323.60 | +1.64% | Bull (above 20/50) | 61.9 | Bull | -59.2% | Above POC
CSCO | 121.74 | +5.08% | Bull (above all) | 62.1 | Bull | -6.6% | Above POC
PANW | 366.34 | +5.53% | Bull (above all) | 66.6 | Bear | -0.7% | Above POC
CRWD | 211.22 | +4.29% | Bull (above all) | 66.5 | Bull | -2.9% | Above POC
FTNT | 168.29 | +3.11% | Bull (above all) | 65.9 | Bull | -1.2% | Above POC
WDAY | 171.28 | +3.77% | Bull (above all) | 67.1 | Bull | -31.4% | Above POC
TMUS | 177.21 | +0.07% | Bear (below all) | 45.6 | Bear | -32.2% | Below POC

Consumer / Internet
COST | 947.85 | -0.65% | Mixed (above 20, below 50, below 200) | 49.7 | Bull | -13.6% | Below POC
BKNG | 194.23 | +0.79% | Bull (above all) | 61.0 | Bull | -16.2% | Above POC
MELI | 1888.50 | -0.54% | Bull (above all) | 64.6 | Bull | -25.9% | Above POC
MAR | 345.20 | -0.39% | Bear (below 20/50) | 32.1 | Bear | -16.0% | Below POC
ABNB | 149.92 | -0.48% | Bull (above all) | 56.7 | Bull | -4.2% | Above POC
DASH | 202.37 | +0.93% | Bull (above all) | 63.8 | Bull | -29.1% | Above POC
PYPL | 58.54 | +1.16% | Bull (above all) | 75.0 Overbought | Bull | -26.1% | Above POC
ORLY | 91.83 | +2.31% | Bull (above all) | 58.0 | Bull | -15.5% | Above POC

Healthcare / Biotech
ISRG | 368.27 | -1.90% | Bear (below all) | 47.0 | Bull | -39.0% | Below POC
REGN | 760.66 | +0.19% | Bull (above all) | 76.7 Overbought | Bull | -7.4% | Above POC

Industrial / Other
LIN | 484.64 | +0.87% | Bear (below all) | 35.1 | Bear | -11.6% | Below POC
CEG | 267.25 | -2.36% | Bull (above 20/50) | 53.3 | Bull | -35.2% | Above POC

Trend tally: Bull (above all) 20 · Bull (above 20/50) 3 · Mixed 6 · Bear (below 20/50) 5 · Bear (below all) 6
All 40 EMA classifications were verified programmatically against close-versus-each-EMA. Zero mismatches.



SECTOR READ
Semiconductors - the day's engine and the day's paradox. Average gain across the twelve names was roughly +6.6%, yet only four (AVGO, AMD, AMAT, MRVL) qualify as Bull above all EMAs and eight of twelve still show a bearish MACD. Seven of twelve remain below their 60-day POC. This was a violent oversold bounce off deeply damaged charts - QCOM is still -37.4% from its high, KLAC -36.4%, MRVL -33.7%. Powerful, but structurally the weakest group in the index. Treat rallies here as tactical until MACD crosses confirm.

Software / Cloud - the genuine leadership. Six of eight are Bull above all EMAs, six carry RSI above 60, and three (PANW -0.7%, FTNT -1.2%, CRWD -2.9%) are within 3% of 52-week highs. Every one of the seven advancers is above its POC. This is where the institutional bid actually lives. TMUS is the outlier, below all EMAs and -32.2% from its high.

Mega-cap Tech - split. MSFT, NVDA, AMZN and GOOGL are above all EMAs; AAPL, META and TSLA are not. AMZN was the notable laggard, -2.32% on a day the index gained 3.32%, though it remains only 3.4% off its high with RSI 67. MSFT's RSI 79 is the index's most stretched reading.

Consumer / Internet - broadly healthy, six of eight Bull above all EMAs, but the day's laggards clustered here: COST, MELI, MAR and ABNB all closed red. MAR is the standout warning, discussed below.

Healthcare / Biotech - two-name split. REGN strong but overbought at RSI 76.7; ISRG below all EMAs and -39.0% from its high.

Industrial / Other - LIN is the weakest chart in the entire index on structure: below all three EMAs, RSI 35.1, below POC, on elevated volume. CEG fell 2.36% but holds above its 20 and 50 EMAs.



TOP SWING SETUPS

1. PANW - Long, breakout
Closed 366.34 (+5.53%), just 0.7% below the 52-week high of 368.80. Above all three EMAs (20: 332.69, 50: 305.64, 200: 235.19), RSI 66.6, relative volume 1.24, well above POC 291.07. The only blemish is a marginally bearish MACD (8.58 vs signal 9.06) after a long advance - a flat consolidation, not a breakdown.
Entry: 369.50 on a break of the 52w high · Stop: 350.50 (below today's 349.07 low) · T1: 388.50 · T2: 407.50 · R:R: 2.0
Confluence: 52w high breakout + full EMA alignment + sector leadership + 75.9 points above POC.

2. AVGO - Long, trend continuation
Closed 418.16 (+6.61%) with the highest relative volume of any advancer at 1.41. Above all EMAs, RSI 61.8, MACD turned bullish (1.78 vs -1.43). Reclaimed POC 401.16 decisively. The best-structured chart in the semiconductor group.
Entry: 414.00 on a hold above pivot 413.64 · Stop: 400.00 (below POC) · T1: 435.00 · T2: 448.00 · R:R: 2.4
Confluence: Pivot P + POC 401.16 + EMA20 388.54 stacked beneath. Volume conviction is the differentiator here.

3. CRWD - Long, high-tight continuation
Closed 211.22 (+4.29%), 2.9% from the 52-week high of 217.50. Above all EMAs by a wide margin (20: 191.04), RSI 66.5, MACD bullish 3.97 vs 3.42, POC 174.53 far below.
Entry: 212.75 above today's 212.64 high · Stop: 203.00 · T1: 223.90 · T2: 232.25 · R:R: 2.1
Confluence: T1 sits on classic R3 223.88. Software leadership plus a 36.7-point cushion to POC.

4. TSLA - Short, trend continuation
Closed 327.35. Despite +1.64% on a +3.32% index day, this is below all three EMAs (20: 345.78, 50: 372.70, 200: 389.19), RSI 39.2, MACD -23.22 vs -20.63 and worsening, -34.4% from its 52w high, 67 points below POC 394.45, and only 29.97 points above the 52-week low of 297.38. It underperformed the index by 168 basis points on the strongest tape in weeks - that is the tell.
Entry: 320.00 on a break of today's 320.79 low · Stop: 332.50 (above cam R4 332.18) · T1: 307.50 · T2: 297.50 · R:R: 1.8
Confluence: Full bearish EMA stack + relative weakness + 52w low as T2.

5. LIN - Short, breakdown
Closed 484.64. Below all three EMAs (20: 505.79, 50: 509.63, 200: 488.36), RSI 35.1 - the second-lowest in the index - and 26.67 points below POC 511.31 on relative volume 1.38. The 200 EMA at 488.36 has already been lost. Structurally the most damaged non-tech chart here.
Entry: 478.00 on a break of today's 478.50 low · Stop: 490.20 (above R2 490.01 and the 200 EMA) · T1: 465.80 · T2: 453.60 · R:R: 2.0
Confluence: Lost 200 EMA + weak RSI + elevated volume on a down structure while the index rallied 3.32%.



INTRADAY SETUPS

1. NVDA - Pivot bounce long
Pivot 211.33 · S1 209.60 · POC 209.27 form a tight confluence shelf.
Entry: 209.80 · Stop: 207.20 (below S2 207.32) · T1: 213.61 (R1) · T2: 215.34 (R2) · R:R: 2.1
Direction: Long. Reasoning: S1 and POC within 0.33 points of each other, with the EMA20 at 203.33 as deeper backstop. Bull above all EMAs, MACD positive.

2. AMD - Camarilla range short
Cam: S4 503.22 · S3 510.90 · S1 516.02 || R1 521.14 · R3 526.26 · R4 533.94
Entry: 525.50 at cam R3 · Stop: 534.20 (above cam R4) · T1: 516.97 (pivot) · T2: 510.90 (cam S3) · R:R: 1.7
Direction: Short (fade). Reasoning: AMD ran +7.00% into earnings and its MACD is still bearish (-7.60 vs -4.03). Classic cam R3 fade after an extended session. Invalidate above R4.

3. GOOGL - Camarilla breakout long
Cam: S3 374.07 · S1 376.46 || R1 378.84 · R3 381.23 · R4 384.81
Entry: 385.20 above cam R4 · Stop: 378.80 (cam R1) · T1: 392.00 · T2: 395.97 (classic R3) · R:R: 1.7
Direction: Long. Reasoning: Cam R4 breach signals trend-day expansion. Bull above all EMAs, RSI 62.6, above POC 360.81, MACD improving.

4. CSCO - Pivot bounce long
Pivot 120.79 · cam S3 120.87 · S1 119.68 - pivot and cam S3 are 0.08 apart.
Entry: 120.90 · Stop: 119.55 (below S1) · T1: 122.85 (R1) · T2: 123.96 (R2) · R:R: 2.3
Direction: Long. Reasoning: Tightest pivot/Camarilla confluence in the index. +5.08% today, Bull above all EMAs, only 6.6% from its 52w high, above POC 116.13.

5. MU - Camarilla range long
Cam: S4 868.51 · S3 880.59 · S1 888.64 || R1 896.70 · R3 904.75 · R4 916.83
Entry: 881.50 at cam S3 · Stop: 866.50 (below cam S4 and S1 866.64) · T1: 896.70 (cam R1) · T2: 910.57 (classic R1) · R:R: 1.9
Direction: Long (mean reversion). Reasoning: Cam S3-S4 range trade only. Note MU closed below its EMA20 (899.26) despite +7.67% and remains 39.59 below POC 932.26 - this is a scalp, not a swing. ATR 87.72 means size down hard.



KEY LEVELS DASHBOARD

NVDA 211.88
Cam: S4 209.67 · S3 210.78 · S1 211.51 || R1 212.25 · R3 212.98 · R4 214.09
Classic: S3 205.59 · S2 207.32 · S1 209.60 · P 211.33 · R1 213.61 · R2 215.34 · R3 217.62
EMA20 203.33 · EMA50 203.89 · EMA200 191.88 · POC 209.27
Prev H 213.06 · Prev L 209.05 · 52w H 236.54 · 52w L 164.07

MSFT 492.81
Cam: S4 481.66 · S3 487.24 · S1 490.95 || R1 494.67 · R3 498.38 · R4 503.96
Classic: S3 461.24 · S2 470.20 · S1 481.51 · P 490.47 · R1 501.78 · R2 510.74 · R3 522.05
EMA20 418.19 · EMA50 406.25 · EMA200 423.68 · POC 405.17
Prev H 499.44 · Prev L 479.17 · 52w H 553.72 · 52w L 349.20

AVGO 418.16
Cam: S4 406.40 · S3 412.28 · S1 416.20 || R1 420.12 · R3 424.04 · R4 429.92
Classic: S3 383.81 · S2 392.25 · S1 405.20 · P 413.64 · R1 426.59 · R2 435.03 · R3 447.98
EMA20 388.54 · EMA50 389.42 · EMA200 361.28 · POC 401.16
Prev H 422.07 · Prev L 400.68 · 52w H 495.00 · 52w L 281.87

AMD 518.58
Cam: S4 503.22 · S3 510.90 · S1 516.02 || R1 521.14 · R3 526.26 · R4 533.94
Classic: S3 475.88 · S2 489.04 · S1 503.81 · P 516.97 · R1 531.74 · R2 544.90 · R3 559.67
EMA20 503.68 · EMA50 487.48 · EMA200 347.58 · POC 498.21
Prev H 530.13 · Prev L 502.20 · 52w H 584.73 · 52w L 149.22

MRVL 218.59
Cam: S4 210.52 · S3 214.56 · S1 217.25 || R1 219.93 · R3 222.62 · R4 226.66
Classic: S3 195.50 · S2 201.75 · S1 210.17 · P 216.42 · R1 224.84 · R2 231.09 · R3 239.51
EMA20 206.10 · EMA50 213.95 · EMA200 156.40 · POC 252.46
Prev H 222.67 · Prev L 208.00 · 52w H 329.88 · 52w L 61.44



BEARISH WARNINGS
1. Index EMA20 is still below EMA50. 28750.14 versus 28805.48. A 3.32% session did not repair the short-term stack. Until the 20 crosses back over the 50, this is technically still a recovery inside a damaged structure.

2. Index MACD remains below zero. -216.23 with signal at -294.64. The crossover is bullish, but a sub-zero MACD means the medium-term momentum regime has not flipped.

3. The semiconductor rally is structurally hollow. Eight of the twelve semi names still carry bearish MACD readings and seven remain below their 60-day POC despite an average gain near 6.6%. QCOM (-37.4% from high), KLAC (-36.4%), SNPS (-36.6%) and MRVL (-33.7%) bounced from deeply broken charts. QCOM, TXN, KLAC and CDNS are still below their 20 and 50 EMAs after the move.

4. MU closed below its 20 EMA on a +7.67% day. 892.67 versus EMA20 899.26, with MACD -34.12 against signal -27.77 (the widest negative spread in the index) and POC 932.26 nearly 40 points overhead. A rally that fails to reclaim the shortest average is a warning, not a signal.

5. MAR - heavy distribution. RSI 32.1, the lowest in the index, closed -0.39% on relative volume 2.04 - double normal volume on a down day while the index gained 3.32%. Below both the 20 and 50 EMAs, 29 points under POC 374.33. The 200 EMA at 340.61 is the last defence, 4.59 points away.

6. Full bearish EMA stacks: META (-26.2% from high, below POC), TSLA (-34.4%, near 52w low), TMUS (-32.2%), ISRG (-39.0%), LIN (RSI 35.1), QCOM (-37.4%). Six names below all three EMAs.

7. Overbought readings: MSFT RSI 79.0, REGN RSI 76.7, PYPL RSI 75.0. All three are extended and vulnerable to mean reversion. MSFT in particular is 74.62 points above its own 20 EMA.

8. Four-day extension. The index has added 9.34% in four sessions and sits 3.42% above its 20 EMA. With ATR at 660.18, a single mean-reversion session could retrace 600-900 points without damaging the structure. Chasing at 29733 carries poor risk-reward against S1 at 29284.



EVENTS CALENDAR
Wednesday 5 August
ADP National Employment Report (July) - consensus around 70k-90k private jobs, previous 98k. 13:15 UK.
S&P Global final US Services PMI (July).
ISM Services PMI (July) - consensus near 54.5. 15:00 UK. The week's main pre-payrolls read on the services economy.

Thursday 6 August
Initial Jobless Claims (week ending 1 August) - consensus near 200k-205k after 197k prior. 13:30 UK.

Friday 7 August
Non-Farm Payrolls and Unemployment Rate (July) - 13:30 UK. Consensus roughly 80k-100k, unemployment expected near 4.2%. The highest-impact release of the week and the primary risk event for this rally. Expect positioning ahead of it from Thursday's close.

Earnings
AMD reported Q2 after today's close - consensus was 1.61 per share on revenue near 11.3bn. The reaction will set the tone for the entire semiconductor complex on Wednesday given today's 7.00% pre-print move. This is the single largest stock-specific risk on the board.
Q2 reporting continues across the index through August. Check individual dates before holding any position through a print - several of the 40 names above have unconfirmed dates in the next fortnight.



SUMMARY
A genuinely strong session: 3.32% higher, closing on the high, on 30% above-average volume with 3-to-1 breadth. Twenty of the forty large caps are now above all three EMAs and software/cloud leadership is intact with PANW, FTNT and CRWD all within 3% of 52-week highs.

The reservations are real though. The index EMA20 is still below the EMA50, MACD is still negative, and the group that drove today's move - semiconductors - remains the most technically damaged part of the index. This looks like a recovery that has earned the benefit of the doubt but not yet proved itself.

Levels that decide it: hold 29284 (S1) and 30000 comes into play. Lose 28836 (S2, sitting on both the 20 and 50 EMAs) and the four-day rally is in question. NFP on Friday is the arbiter.


Report: 4 August 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 DAILY TECHNICAL ANALYSIS - MONDAY 3 AUGUST 2026
Data: Close 3 Aug 2026 | NAS100: 28776.80 | Change: +502.61 (+1.78%) | Range: 28196.88-28842.36
DATA NOTE: Index analysis uses Monday 3 August's close. The 40-stock component scanner has not refreshed today - the latest component dataset is Friday 31 July close and every component price, RSI, MACD and EMA figure below is dated 31 July unless explicitly marked. Five components (AAPL, MSFT, NVDA, AMZN, CSCO) do have same-day 3 August data and are shown separately. Validate all component levels against Tuesday's open before acting.


MARKET OVERVIEW
The NASDAQ 100 closed Monday at 28776.80, up 502.61 points (+1.78%), the strongest session since the late-July washout. The index opened at 28278.59, held the 28196.88 low in the first hour and then ran almost uninterrupted into the close, printing 28842.36 at the high and finishing in the top 10% of the day's 645-point range - a genuinely constructive close rather than a fade.
Volume of 1.47bn was broadly in line with the recent run rate, so this was a real bid rather than a thin-tape drift. The driver was follow-through from last week's mega-cap earnings: Amazon and Microsoft both gapped and extended (AMZN +4.58% to 284.02, MSFT +4.93% to 487.65 on the day), with the market re-rating the AI capex cycle after strong cloud numbers. Oil slid on renewed Iran talks, which took some pressure off the rates complex and gave duration-sensitive growth names room to run.
Bias: Cautiously bullish into Tuesday. Price has reclaimed the 20 and 50-day EMAs on the same session, momentum has turned up from oversold, but the 20 EMA is still below the 50 EMA and the semiconductor complex has not confirmed. This is a repair rally that needs a second close above 28840 to become a trend.


TREND STRUCTURE
EMA stack (NAS100 daily): EMA20 28646.66 . EMA50 28767.62 . EMA200 26874.50
Close 28776.80 is above all three - but only just above the 50 EMA (by 9.2 points) and the stack itself is not aligned: EMA20 sits 121 points below EMA50, the residue of the July drawdown. A true bull configuration needs EMA20 to cross back above EMA50, which on current slope is roughly three to five sessions away if price holds 28650.
Structure: The index topped at 30660.60 in early June, then built a lower-high sequence through July into the 27192.31 low on 29 July. Monday's close is a 5.8% recovery off that low and has broken the July down-trendline. The first meaningful lower high to reclaim sits at 29155-29366; until that goes, the structure is still corrective.
Phase: Late-stage pullback / early repair inside a primary uptrend. Price is 7.1% above the 200 EMA and 26.4% above the 52-week low (22763.31), so the long-term trend is intact and unthreatened. The 200 EMA has not flattened.


MOMENTUM INDICATORS
RSI(14): 50.01, up from 44.96 on Friday. The midline has been reclaimed on the first attempt, which is what you want to see in a repair. There is a clear bullish divergence on the daily: the 27192 low on 29 July printed a higher RSI trough than the 27763 low that preceded it, so selling pressure was already exhausting before the bounce. No negative divergence anywhere near current levels.
MACD (12,26,9): MACD line -347.11, signal -314.24, histogram -32.86. Still below zero and still below signal, so on a strict reading this remains a sell configuration. But the histogram has compressed hard from -105.71 to -32.86 in one session - a 69% narrowing - which puts a bullish MACD cross within one to two sessions if Tuesday holds green. Zero-line reclaim is a long way off and would need roughly 29200.
Volume: 1.473bn against a 20-session average near 1.50bn. Not a volume breakout, which is the main caveat on the day. Constructive closes on average volume are fine in a repair phase but institutional confirmation would want 1.7bn+ on the next push through 28840.
Volatility: VIX at 15.58, down from 15.87 and pressing multi-week lows. A sub-16 VIX with the index 6% off its highs is a mildly complacent combination - it supports the drift-higher case but leaves little cushion if Friday's payrolls disappoints.


KEY INDEX LEVELS - TUESDAY 4 AUGUST
Classic pivots from Monday's 28842.36 / 28196.88 / 28776.80:
R3 29659 . R2 29251 . R1 29014 . PIVOT 28605 . S1 28368 . S2 27960 . S3 27723
Camarilla: S4 28422 . S3 28599 . S2 28658 . S1 28718 || R1 28836 . R2 28895 . R3 28954 . R4 29132
Resistance
28836-28842 - Camarilla R1 sitting exactly on Monday's high. This is the first line and the single most important number on the sheet.
28954 - Camarilla R3, the classic breakout trigger. Above here the day converts to trend-up.
29014-29132 - classic R1 into Camarilla R4, plus the round 29000. Expect supply.
Support
28647-28658 - EMA20 stacked with Camarilla S2. First defence.
28599-28605 - Camarilla S3 on the daily pivot. Very high-confluence shelf; losing it on a closing basis negates Monday.
28422 - Camarilla S4, then classic S1 at 28368 and Monday's 28196.88 low.
Round numbers in play: 29000 above, 28500 and 28000 below.


COMPONENT SIGNALS - ALL 40
All 40 rows below are dated Friday 31 July close. Trend column uses strict EMA classification (close versus each of EMA20 / EMA50 / EMA200).

AAPL 308.91 -7.35% . Bear below 20/50 . RSI 43.2 Weak . MACD Bear . -10.3% from 52wH . above POC
MSFT 464.72 +3.02% . Bull above all . RSI 74.5 OB . MACD Bull . -16.3% from 52wH . above POC
NVDA 200.75 +2.93% . Bear below 20/50 . RSI 48.3 Neut . MACD Bear . -15.1% from 52wH . below POC
AMZN 271.58 +15.32% . Bull above all . RSI 67.9 Bull . MACD Bull . -2.5% from 52wH . above POC
META 556.71 +3.28% . Bear below all . RSI 37.8 Weak . MACD Bear . -30.1% from 52wH . below POC
GOOGL 356.13 +6.73% . Bull above all . RSI 54.3 Neut . MACD Bull . -12.8% from 52wH . below POC
AVGO 389.28 +0.37% . Bull above all . RSI 51.5 Neut . MACD Bull . -21.4% from 52wH . below POC
TSLA 311.20 +0.76% . Bear below all . RSI 31.7 Weak . MACD Bear . -37.6% from 52wH . below POC
COST 951.89 -0.24% . Mixed >20 <50 <200 . RSI 51.4 Neut . MACD Bull . -13.2% from 52wH . below POC
NFLX 71.71 -2.00% . Bear below all . RSI 44.6 Weak . MACD Bull . -43.4% from 52wH . below POC
AMD 476.15 -1.90% . Bear below 20/50 . RSI 45.2 Neut . MACD Bear . -18.6% from 52wH . below POC
ADBE 250.41 +1.01% . Bull above 20/50 . RSI 59.8 Bull . MACD Bull . -32.5% from 52wH . above POC
QCOM 147.61 -2.63% . Bear below all . RSI 28.9 OS . MACD Bear . -43.2% from 52wH . below POC
TMUS 172.71 -0.36% . Bear below all . RSI 41.1 Weak . MACD Bear . -34.0% from 52wH . below POC
LIN 478.38 -5.95% . Bear below all . RSI 30.1 Weak . MACD Bear . -12.7% from 52wH . below POC
ISRG 353.33 +0.10% . Bear below all . RSI 40.0 Weak . MACD Bear . -41.5% from 52wH . below POC
INTU 316.07 +0.18% . Bull above 20/50 . RSI 59.1 Bull . MACD Bull . -60.8% from 52wH . above POC
CSCO 115.99 +2.14% . Bull above all . RSI 52.8 Neut . MACD Bull . -11.0% from 52wH . above POC
TXN 275.74 -1.08% . Bear below 20/50 . RSI 41.8 Weak . MACD Bear . -17.5% from 52wH . below POC
AMAT 507.67 +1.18% . Bear below 20/50 . RSI 45.3 Neut . MACD Bear . -31.4% from 52wH . below POC
BKNG 192.90 -0.18% . Bull above all . RSI 60.0 Bull . MACD Bull . -16.8% from 52wH . above POC
PANW 331.83 +1.89% . Bull above all . RSI 54.6 Neut . MACD Bear . -10.0% from 52wH . above POC
MU 823.03 -5.90% . Bear below 20/50 . RSI 43.6 Weak . MACD Bear . -34.4% from 52wH . below POC
LRCX 293.15 -1.53% . Bear below 20/50 . RSI 43.6 Weak . MACD Bear . -33.1% from 52wH . below POC
KLAC 182.82 +1.38% . Bear below 20/50 . RSI 38.2 Weak . MACD Bear . -40.5% from 52wH . below POC
ADI 367.41 +0.20% . Bear below 20/50 . RSI 42.6 Weak . MACD Bear . -17.6% from 52wH . below POC
REGN 762.63 +3.29% . Bull above all . RSI 78.1 OB . MACD Bull . -7.1% from 52wH . above POC
SNPS 388.76 +4.41% . Bear below all . RSI 40.2 Weak . MACD Bull . -39.8% from 52wH . below POC
CDNS 340.02 +2.16% . Bear below 20/50 . RSI 43.0 Weak . MACD Bear . -18.4% from 52wH . below POC
MELI 1877.95 -0.41% . Bull above all . RSI 64.5 Bull . MACD Bull . -26.3% from 52wH . above POC
CRWD 190.86 +3.05% . Bull above all . RSI 54.3 Neut . MACD Bear . -12.2% from 52wH . above POC
MAR 372.95 -0.67% . Mixed <20 >50 >200 . RSI 48.4 Neut . MACD Bull . -9.3% from 52wH . below POC
ABNB 151.52 -0.37% . Bull above all . RSI 59.7 Bull . MACD Bull . -3.2% from 52wH . above POC
MRVL 187.56 +2.32% . Bear below 20/50 . RSI 41.6 Weak . MACD Bear . -43.1% from 52wH . below POC
DASH 196.16 -0.69% . Bull above all . RSI 59.9 Bull . MACD Bull . -31.3% from 52wH . above POC
FTNT 161.95 +4.99% . Bull above all . RSI 60.1 Bull . MACD Bear . -4.9% from 52wH . above POC
CEG 262.75 -0.31% . Mixed >20 <50 <200 . RSI 51.0 Neut . MACD Bull . -36.3% from 52wH . below POC
WDAY 160.34 +1.41% . Bull above 20/50 . RSI 62.0 Bull . MACD Bull . -35.8% from 52wH . above POC
PYPL 57.21 -0.76% . Bull above all . RSI 72.0 OB . MACD Bull . -27.8% from 52wH . above POC
ORLY 89.35 +2.28% . Bull above 20/50 . RSI 53.0 Neut . MACD Bull . -17.8% from 52wH . above POC


MONDAY 3 AUGUST - SAME-DAY COMPONENT DATA
These five names appeared in Monday's scan and are current as of the 3 August close.
MSFT 487.65 +4.93% . Bull above all (EMA20 410.33, EMA50 402.72, EMA200 422.98) . RSI 78.3 overbought . ATR 16.79
AMZN 284.02 +4.58% . Bull above all (EMA20 246.59, EMA50 245.88, EMA200 236.37) . RSI 72.2 overbought . ATR 9.95 . new 52-week high 287.20
NVDA 206.64 +2.93% . Bull above all (EMA20 202.43, EMA50 203.57, EMA200 191.68) . RSI 53.1 . ATR 7.79 . reclaimed both short EMAs on the day
CSCO 115.86 -0.11% . Bull above all (EMA20 114.59, EMA50 112.79, EMA200 94.14) . RSI 52.6 . ATR 3.58
AAPL 303.42 -1.78% . Bear below 20/50 (EMA20 320.81, EMA50 309.64, EMA200 279.30) . RSI 40.3 . ATR 9.83 . the clear laggard of the mega-caps


SECTOR GROUPING
Averages below are 31 July session moves.
Mega-cap Tech (AAPL MSFT NVDA AMZN META GOOGL TSLA) - avg +3.53%. Three bullish, two below 20/50, two fully bearish. The group is carrying the index but the leadership is narrow: AMZN, MSFT and GOOGL are doing the work while META (-30% from highs) and TSLA (-37.6%) remain broken.
Semiconductors (AVGO AMD QCOM MU AMAT LRCX KLAC ADI TXN MRVL) - avg -0.76%. The weak link. Eight of ten sit below both the 20 and 50 EMAs, only AVGO is bullish, and every single name in the group has a bearish MACD. MU fell 5.90%, QCOM 2.63%. Until semis participate, index rallies stay suspect.
Software/Cloud (ADBE INTU CSCO PANW CRWD SNPS CDNS WDAY FTNT) - avg +2.36%. The healthiest group: seven of nine above their 20 and 50 EMAs, FTNT +4.99%, SNPS +4.41% off a deeply oversold base. EDA names (SNPS, CDNS) remain the exception and are still in downtrends.
Consumer/Internet (COST NFLX BKNG MELI MAR ABNB DASH ORLY PYPL TMUS) - avg -0.34%. Mixed and rangebound. Five bullish (BKNG, MELI, ABNB, DASH, PYPL) against genuinely weak TMUS and NFLX, both within 11% of 52-week lows.
Healthcare/Biotech (ISRG REGN) - avg +1.70%. Complete split: REGN +3.29% with RSI 78 and MACD 20.21 over 11.37 is one of the strongest charts in the index; ISRG is below all three EMAs and 41.5% off its high.
Industrial/Other (LIN CEG) - avg -3.13%. LIN dropped 5.95% on 2.47x relative volume into RSI 30.1 and is below all three EMAs. CEG is drifting under its 50 and 200.


TOP SWING SETUPS
1. MSFT - momentum continuation (3 August data)
Price 487.65, extended 19% above the 20 EMA with RSI 78.3, so this is a continuation trade and not a chase - wait for the pullback or the hold.
Entry: 480.00 on a hold . Stop: 462.00 . T1: 510.00 . T2: 530.00 . R:R: 1.67 to T1, 2.78 to T2
Confluence: above all three EMAs, MACD 9.30 over 1.83, POC 401.74 far below, cloud earnings re-rating. Risk: RSI 78 means a 1-2 ATR shakeout is likely first.

2. AMZN - 52-week high breakout (3 August data)
Closed 284.02 having tagged 287.20, the 52-week high, on the day. Cleanest chart in the index.
Entry: 287.50 on the break . Stop: 277.50 . T1: 302.00 . T2: 317.00 . R:R: 1.45 to T1, 2.95 to T2
Confluence: 1 ATR stop, all EMAs stacked bullish and rising, POC 248.07 well below, 2.80x relative volume on the earnings gap. Risk: RSI 72.2, a failed breakout back under 284 voids it.

3. NVDA - EMA reclaim (3 August data)
Monday's +2.93% took price back above both the 20 EMA (202.43) and 50 EMA (203.57) for the first time since mid-July. RSI 53.1 leaves plenty of room.
Entry: 207.50 . Stop: 199.50 . T1: 220.00 . T2: 230.00 . R:R: 1.56 to T1, 2.81 to T2
Confluence: 1 ATR stop below the reclaimed EMA pair, 200 EMA 191.68 as the disaster line, best risk-reward of the mega-caps. Risk: AMD reports Tuesday after the bell and will move the whole AI-chip complex.

4. AAPL - short the failed reclaim (3 August data)
The only mega-cap below its 20 and 50 EMAs and it fell 1.78% on a day the index gained 1.78%. That relative weakness is the trade.
Entry: 300.00 on the break . Stop: 311.00 (above the 50 EMA at 309.64) . T1: 285.00 . T2: 279.50 . R:R: 1.36 to T1, 1.86 to T2
Confluence: RSI 40.3 and falling, 20 EMA 320.81 capping, T2 sits precisely on the 200 EMA at 279.30. Risk: the 200 EMA has held every test this year - take T2 seriously as a cover.

5. GOOGL - trend continuation (31 July data - re-check before acting)
Above all three EMAs (20 at 344.83, 50 at 351.52, 200 at 320.19) with a MACD turning up from below zero (-6.14 over -6.63) and 1.53x relative volume.
Entry: 356.00 . Stop: 342.00 (below the 20 EMA at 344.83) . T1: 382.00 . T2: 400.00 . R:R: 1.86 to T1, 3.14 to T2
Confluence: price is pressing the 60-day POC at 361.37 from below - reclaiming it is the actual trigger. Risk: these levels are two sessions old - GOOGL has almost certainly moved.


INTRADAY SETUPS - NAS100, TUESDAY 4 AUGUST
All levels derived from Monday's actual 28842.36 / 28196.88 / 28776.80.
1. Camarilla breakout long
Direction: Long . Entry: 28954 on the break of Camarilla R3 . Stop: 28895 . T1: 29132 . T2: 29251 . R:R: 3.02 to T1
Reasoning: R3 is the classic Camarilla trend trigger. Clearing it after Monday's strong close would confirm continuation and open the 29000 round number and R4.

2. Pivot bounce long
Direction: Long . Entry: 28610 on a pullback . Stop: 28470 . T1: 28836 . T2: 28954 . R:R: 1.61 to T1, 2.46 to T2
Reasoning: the highest-confluence zone on the sheet - daily pivot 28605, Camarilla S3 28599 and EMA20 28647 all within 50 points. Buy the first test, not the third.

3. Camarilla range fade short
Direction: Short . Entry: 28950 on rejection (wick and close back under R3) . Stop: 29020 . T1: 28718 . T2: 28605 . R:R: 3.31 to T1
Reasoning: valid only if the tape is choppy and R3 rejects rather than breaks. Camarilla theory says a failed R3 reverts to the S-side. Do not run this and setup 1 simultaneously - wait for the market to pick.

4. Breakdown short
Direction: Short . Entry: 28420 on the loss of Camarilla S4 . Stop: 28530 . T1: 28197 . T2: 27960 . R:R: 2.03 to T1, 4.18 to T2
Reasoning: losing S4 negates Monday entirely and puts the 28196.88 low and classic S2 back in play. This is the hedge against a soft ADP or a bad AMD print.


KEY LEVELS DASHBOARD - TOP 5 BY WEIGHT
Component levels below are from the 31 July dataset. NAS100 row is Monday 3 August.
NAS100 (3 Aug) . Cam: S4 28422 . S3 28599 . S1 28718 || R1 28836 . R3 28954 . R4 29132 . Classic: S3 27723 . S2 27960 . S1 28368 . P 28605 . R1 29014 . R2 29251 . R3 29659 . EMA20 28647 . EMA50 28768 . EMA200 26875 . Prev H/L 28842/28197 . 52w H/L 30661/22763
AAPL (3 Aug) . EMA20 320.81 . EMA50 309.64 . EMA200 279.30 . POC 304.94 . 52w H/L 344.57/201.50 . close 303.42
MSFT (3 Aug) . EMA20 410.33 . EMA50 402.72 . EMA200 422.98 . POC 401.74 . 52w H/L 555.45/349.20 . close 487.65
NVDA (3 Aug) . EMA20 202.43 . EMA50 203.57 . EMA200 191.68 . POC 209.25 . 52w H/L 236.54/164.07 . close 206.64
AMZN (3 Aug) . EMA20 246.59 . EMA50 245.88 . EMA200 236.37 . POC 248.07 . 52w H/L 287.20/196.00 . close 284.02
GOOGL (31 Jul) . EMA20 344.83 . EMA50 351.52 . EMA200 320.19 . POC 361.37 . 52w H/L 408.61/187.82 . close 356.13


BEARISH WARNINGS
Semiconductors are not confirming. All ten semis in the index carry a bearish MACD and eight of ten sit below both their 20 and 50-day EMAs. MU (MACD -37.41 vs -23.06), AMAT (-19.92 vs -9.21), LRCX (-17.64 vs -13.16), MRVL (-17.81 vs -15.47) and KLAC (-12.31 vs -7.24) all show widening bearish histograms - the deterioration is accelerating, not stabilising. An index rally the semis refuse to join has a short shelf life.
Nine components sit within 15% of their 52-week lows: TMUS (+4.3% off the low), TSLA (+4.6%), SNPS (+6.2%), META (+7.0%), ISRG (+7.5%), ORLY (+8.2%), NFLX (+10.2%), COST (+12.8%), CEG (+14.9%). That is nearly a quarter of the index still in its own bear market.
Oversold and still falling: QCOM RSI 28.9 (-43.2% from its high, below all EMAs), LIN RSI 30.1 on 2.47x volume, TSLA RSI 31.7. Oversold is not a buy signal while the MACD histogram is still expanding to the downside.
Overbought into resistance: REGN RSI 78.1 and MSFT RSI 74.5 are both extended. No bearish RSI divergence is present on either yet, but position size accordingly - these are the names that give back 2 ATR on a bad tape day.
Structural: the index EMA20 is still below EMA50 and the MACD is still under signal and under zero. Nothing about Monday has fixed that yet - one strong session is a start, not a confirmation.


EVENTS CALENDAR
Tuesday 4 August - AMD reports after the close, the single most important event for this index this week. AMD is 476.15 (31 Jul) and already below its 20 and 50 EMAs with MACD -10.32 against a -1.32 signal; the whole semiconductor complex trades off this print. SpaceX also reports its first quarterly results as a public company. JOLTS job openings.
Wednesday 5 August - ADP national employment report, the first real read into Friday's payrolls. ISM Services PMI for July. Uber, Shopify and Arista report.
Thursday 6 August - Challenger job cuts, weekly jobless claims. Fed speakers Cook, Musalem and Barkin are scheduled across the week - colour rather than policy signals ahead of payrolls.
Friday 7 August - July non-farm payrolls, consensus near +85k against +57k in June. This is the week's macro pivot. A hot number pushes rate-cut odds out and hurts the long-duration growth names that have been leading; a soft number cuts both ways given the labour market is already cooling.
Also this week from the wider tape: Palantir, Sandisk, McDonald's, Caterpillar, Merck and Disney.


Report: 4 August 2026 00:15 GMT . Not financial advice. Always DYOR. Capital at risk.