NASDAQ 100 Daily Technical Analysis & Setups

NASDAQ 100 Daily Technical Report - Tuesday 28 July 2026
Data: Close 28 Jul 2026 | NAS100: 27,763.13 | Change: -276.08 (-0.98%) | Range: 27,452.95 - 27,926.53



MARKET OVERVIEW

The NASDAQ 100 closed at 27,763.13, down 276.08 points (-0.98%), its fourth consecutive lower close. The index opened at 27,810.40, pushed to 27,926.53 early, then broke down to 27,452.95 before a late bid recovered roughly 310 points into the bell. Volume was 1.58bn against a 20-day average of 1.34bn - a relative volume of 1.17, so the selling carried real participation.

The important number: today's low of 27,452.95 traded below the -10% correction threshold of 27,686 measured from the 3 June record high of 30,762.20. The close of 27,763.13 clawed back above it, leaving the index -9.75% from its high - technically still short of a correction, but only by 77 points.

This was a split tape, not a broad liquidation. The Dow closed up around 0.7% and the S&P 500 finished roughly flat while the NAS100 lost nearly a percent. VIX fell to 18.20 from 18.68 (-2.6%), which is not the signature of panic - it is the signature of rotation. Money left AI hardware and moved into enterprise software, travel and consumer names.

The driver was a fourth straight day of semiconductor selling, triggered by heavy losses in Asian memory names overnight and ongoing questions about the scale of Big Tech AI capex ahead of this week's earnings. Of the 40 NAS100 constituents tracked here, semiconductors averaged -4.85% while consumer/internet averaged +2.85% and software/cloud +1.83%. Breadth was actually positive - 24 of 40 names closed higher - the index fell because the losers were heavyweights.

Bias: Bearish below 28,000, but with an event-driven caveat. The FOMC decision lands Wednesday and four mega-caps report Wednesday and Thursday. Directional conviction should be low until those are cleared.



TREND ANALYSIS

EMA stack (index): Close 27,763.13 · EMA20 28,892.01 · EMA50 28,881.40 · EMA200 26,690.03

Price is 1,128 points (-3.9%) below the EMA20 and 1,118 points (-3.9%) below the EMA50, but still 1,073 points (+4.0%) above the EMA200. That is a textbook Mixed / corrective structure: the primary uptrend is intact, the intermediate trend has broken.

The critical detail is the EMA20/EMA50 relationship. They sit just 10.6 points apart (28,892.01 vs 28,881.40) with the 20 falling faster. A bearish EMA20/EMA50 cross is likely within one to three sessions and would be the first since the March low. That is a signal worth marking on the chart.

Structure: Lower highs and lower lows since 14 July (29,586 high). The sequence 29,586 - 29,503 - 29,155 - 28,998 - 28,455 - 28,128 - 28,039 - 27,763 is an unbroken series of lower closes over the last four sessions and a clean downtrend on the daily.

Phase: Weinstein Stage 3 topping / early Stage 4 on the intermediate timeframe, Stage 2 still on the long-term. The EMA200 at 26,690 is the line that decides which one wins. It has not been tested since April.



MOMENTUM AND INDICATORS

RSI(14): 36.17 - weak, but not yet oversold (below 30). The RSI sequence over the last five sessions reads 46.6 - 41.7 - 39.1 - 38.4 - 36.2 against closes of 28,998 - 28,455 - 28,128 - 28,039 - 27,763. Lower price lows are being confirmed by lower RSI lows - there is no bullish divergence. Momentum is agreeing with the decline, which argues against calling a bottom here.

MACD: -357.71 · Signal: -188.81 · Histogram: -168.90 (prior session -151.44). MACD is below its signal line and below zero, and the histogram has widened for a fourth consecutive session. Downside momentum is still accelerating, not decelerating.

Volume: 1.58bn on a 1.17 relative volume. Distribution, but not capitulation. A true washout would want to see 1.5x or higher with an RSI print in the twenties.

ATR(14): 586.17 (2.11% of price). Expect a daily range of roughly 590 points. Position sizing should assume that - a 1-ATR stop on the index is a wide stop right now.

Component momentum: 25 of 40 tracked names have MACD below signal. Only 16 of 40 are trading above their 60-day VWAP point of control. Average constituent RSI is 49.1.



KEY INDEX LEVELS

Resistance
R1 27,975.46 - classic pivot R1, and the first line the bulls need to reclaim.
R2 28,187.79 - classic R2, and the shelf that broke on Monday.
R3 28,449.05 - classic R3, roughly Thursday's 28,455 close. Reclaiming here would break the lower-high sequence.

Support
S1 27,501.88 - classic S1, sits essentially on today's low (27,452.95) and on Camarilla S4 (27,502.66). Heavy confluence.
S2 27,240.62 - classic S2. Below the correction line, first genuine air pocket.
S3 27,028.29 - classic S3, just above the 27,000 round number.

Classic pivots (tomorrow): S2 27,240.62 · S1 27,501.88 · P 27,714.20 · R1 27,975.46 · R2 28,187.79
Camarilla: S4 27,502.66 · S3 27,632.90 · S1 27,719.72 || R1 27,806.55 · R3 27,893.37 · R4 28,023.61

Round numbers: 28,000 (overhead, aligns with Camarilla R4 at 28,023.61), 27,500 (immediate support, aligns with S1/Cam S4), 27,000 (major psychological floor).
Correction line: 27,686 - a daily close below this puts the NAS100 formally in correction. It is 77 points away.
Moving averages: EMA20 28,892.01 · EMA50 28,881.40 · EMA200 26,690.03
52-week: High 30,762.20 (3 Jun 2026) · Low 22,673.88



COMPONENT SIGNALS - ALL 40

Trend uses strict EMA classification (close versus each of EMA20, EMA50, EMA200). POC is the 60-day VWAP point of control.

MEGA-CAP TECH
AAPL 340.08 +0.94% · Bull (above all) · RSI 68.9 Strong · MACD Bullish · -0.8% from 52w high · Above POC
MSFT 393.35 +1.09% · Mixed (above 20, below 50 and 200) · RSI 51.7 Bullish · MACD Bullish · -29.2% from 52w high · Below POC
NVDA 197.01 +0.25% · Bear (below 20/50) · RSI 42.9 Neutral · MACD Bearish · -16.7% from 52w high · Below POC
AMZN 230.86 -0.23% · Bear (below all) · RSI 36.5 Weak · MACD Bearish · -17.1% from 52w high · Below POC
META 593.41 -0.08% · Bear (below all) · RSI 43.4 Neutral · MACD Bearish · -25.5% from 52w high · Below POC
GOOGL 333.71 +2.19% · Bear (below 20/50) · RSI 41.7 Neutral · MACD Bearish · -18.3% from 52w high · Below POC
AVGO 380.91 -0.60% · Bear (below 20/50) · RSI 47.4 Neutral · MACD Bullish · -23.1% from 52w high · Below POC
TSLA 307.44 -0.58% · Bear (below all) · RSI 27.0 Oversold · MACD Bearish · -38.4% from 52w high · Below POC

SEMICONDUCTORS
AMD 454.62 -8.15% · Bear (below 20/50) · RSI 39.2 Weak · MACD Bearish · -22.3% from 52w high · Below POC
QCOM 162.88 -4.21% · Bear (below all) · RSI 35.7 Weak · MACD Bearish · -37.3% from 52w high · Below POC
TXN 277.07 -0.84% · Bear (below 20/50) · RSI 40.9 Neutral · MACD Bearish · -17.1% from 52w high · Below POC
AMAT 476.46 -7.82% · Bear (below 20/50) · RSI 37.8 Weak · MACD Bearish · -35.6% from 52w high · Below POC
MU 820.53 -8.85% · Bear (below 20/50) · RSI 40.3 Neutral · MACD Bearish · -34.6% from 52w high · Below POC
LRCX 269.61 -7.54% · Bear (below 20/50) · RSI 34.0 Weak · MACD Bearish · -38.5% from 52w high · Below POC
KLAC 190.80 -6.18% · Bear (below 20/50) · RSI 37.7 Weak · MACD Bearish · -37.9% from 52w high · Below POC
ADI 365.83 -1.63% · Bear (below 20/50) · RSI 39.1 Weak · MACD Bearish · -18.0% from 52w high · Below POC
MRVL 174.47 -7.77% · Bear (below 20/50) · RSI 34.3 Weak · MACD Bearish · -47.1% from 52w high · Below POC

SOFTWARE AND CLOUD
ADBE 249.18 +4.81% · Bull (above 20/50) · RSI 63.4 Strong · MACD Bullish · -33.8% from 52w high · Above POC
INTU 312.99 +2.99% · Bull (above 20/50) · RSI 61.9 Strong · MACD Bullish · 52w high figure unreliable in feed · Above POC
PANW 319.00 +0.53% · Mixed (below 20, above 50 and 200) · RSI 48.4 Neutral · MACD Bearish · -13.5% from 52w high · Above POC
SNPS 383.82 -1.33% · Bear (below all) · RSI 33.9 Weak · MACD Bearish · -41.1% from 52w high · Below POC
CDNS 344.72 +1.73% · Bear (below 20/50) · RSI 43.3 Neutral · MACD Bearish · -17.3% from 52w high · Below POC
CRWD 181.80 +0.94% · Mixed (below 20, above 50 and 200) · RSI 46.4 Neutral · MACD Bearish · -16.4% from 52w high · Above POC
FTNT 149.98 -1.58% · Mixed (below 20, above 50 and 200) · RSI 45.7 Neutral · MACD Bearish · -12.0% from 52w high · Above POC
WDAY 159.69 +8.24% · Bull (above 20/50) · RSI 65.5 Strong · MACD Bullish · -36.1% from 52w high · Above POC
CSCO 115.58 +0.88% · Bull (above all) · RSI 51.8 Bullish · MACD Bullish · -11.3% from 52w high · Above POC

CONSUMER AND INTERNET
COST 966.58 +1.58% · Bull (above all) · RSI 58.0 Bullish · MACD Bullish · -11.9% from 52w high · Below POC
NFLX 72.39 +2.83% · Mixed (above 20, below 50 and 200) · RSI 46.4 Neutral · MACD Bullish · -42.9% from 52w high · Below POC
TMUS 182.39 +2.92% · Bear (below all) · RSI 48.5 Neutral · MACD Bearish · -30.3% from 52w high · Below POC
BKNG 199.31 +6.70% · Bull (above all) · RSI 68.5 Strong · MACD Bullish · -14.0% from 52w high · Above POC
MELI 1862.52 +2.35% · Bull (above 20/50) · RSI 63.5 Strong · MACD Bearish · -26.9% from 52w high · Above POC
MAR 383.52 +0.12% · Bull (above all) · RSI 58.1 Bullish · MACD Bullish · -6.7% from 52w high · Above POC
ABNB 153.11 +4.26% · Bull (above all) · RSI 62.6 Strong · MACD Bearish · -0.1% from 52w high · Above POC
DASH 195.52 +6.05% · Bull (above all) · RSI 60.5 Strong · MACD Bearish · -31.5% from 52w high · Above POC
ORLY 91.17 +0.64% · Bull (above 20/50) · RSI 58.0 Bullish · MACD Bullish · -16.1% from 52w high · Above POC
PYPL 58.32 +4.17% · Bull (above all) · RSI 78.6 Overbought · MACD Bullish · -26.6% from 52w high · Above POC

HEALTHCARE AND BIOTECH
ISRG 361.80 +1.39% · Bear (below all) · RSI 42.5 Neutral · MACD Bearish · -40.1% from 52w high · Below POC
REGN 695.18 +4.20% · Bull (above all) · RSI 65.0 Strong · MACD Bullish · -15.3% from 52w high · Above POC

INDUSTRIAL AND OTHER
LIN 511.18 +0.82% · Bear (below 20/50) · RSI 46.7 Neutral · MACD Bearish · -6.8% from 52w high · Below POC
CEG 259.82 -3.77% · Bear (below all) · RSI 48.7 Neutral · MACD Bullish · -37.0% from 52w high · Below POC

Tally: 9 Bull (above all) · 5 Bull (above 20/50) · 13 Bear (below 20/50) · 8 Bear (below all) · 5 Mixed. MACD bullish 15, bearish 25. Above POC 16 of 40. Advancers 24, decliners 16.



SECTOR GROUPING

Mega-cap Tech - avg +0.37%, avg RSI 44.9, 1 of 8 in a full bull stack. AAPL is doing all the heavy lifting and is 0.8% off its 52-week high; everything else is broken or repairing. MSFT reclaimed its EMA20 but is 29% off its high and below EMA50 and EMA200. Four of eight below all three EMAs or below 20/50.

Semiconductors - avg -4.85%, avg RSI 39.0, 0 of 11 in a bull stack. This is the damage. Every single semiconductor name is below both its EMA20 and EMA50, ten of eleven closed lower, and the group is on its fourth straight down day. MU -8.85%, AMD -8.15%, AMAT -7.82%, MRVL -7.77%, LRCX -7.54%, KLAC -6.18%. All on rising relative volume (LRCX 1.34, AMD 1.29, ADI 1.23, KLAC 1.22, MU 1.21). This is institutional distribution, not retail noise.

Software and Cloud - avg +1.83%, avg RSI 51.2, 4 of 10 bull-stacked, 8 of 10 higher. The clear rotation destination. WDAY +8.24% on 1.73 relative volume, ADBE +4.81% on 1.44, INTU +2.99% on 1.33. All three reclaimed their EMA20 and EMA50 and sit above POC. These are deeply reset names catching a bid as capital exits AI hardware. Note the EDA pair diverged: CDNS +1.73% but SNPS -1.33% and below all EMAs.

Consumer and Internet - avg +2.85%, avg RSI 58.1, 8 of 11 bull-stacked, 10 of 11 higher. Statistically the strongest group on the board. BKNG +6.70%, DASH +6.05%, ABNB +4.26% closing at a fresh 52-week high, PYPL +4.17% on its results. Travel and payments are where the money went.

Healthcare and Biotech - avg +2.79%. REGN +4.20% into a full bull stack ahead of Thursday's numbers; ISRG still below all three EMAs and 40% off its high.

Industrial and Other - avg -1.48%. CEG -3.77% and below all EMAs - the AI-power trade is unwinding alongside the chips, which is a useful confirmation that this is an AI-theme derating rather than a generic growth selloff.



TOP SWING SETUPS

All three longs sit in the software and travel rotation and all correlate with each other; both shorts are semiconductors. Size them as two themes, not five ideas. Every setup below is exposed to the FOMC on Wednesday and the mega-cap earnings on Wednesday and Thursday - half size until those clear is the sensible approach.

1. ADBE - Long (breakout continuation)
Entry: 254.20 (above today's high 254.06) · Stop: 243.80 · T1: 260.70 · T2: 273.90 · R:R: 1.9
Closed +4.81% on 1.44 relative volume, back above EMA20 (226.40), EMA50 (228.74) and POC (226.80) with a bullish MACD cross. Stop sits below today's low (241.69) and pivot S1 (242.56). T2 is the EMA200 at 273.87, which is the obvious magnet and the level that decides whether this is a bounce or a trend change. ATR 11.17 so the 10.4-point stop is under 1 ATR. No earnings until September - the cleanest of the three longs on event risk.

2. BKNG - Long (EMA200 reclaim)
Entry: 200.10 (above today's high 199.98) · Stop: 192.90 · T1: 207.42 · T2: 214.87 · R:R: 2.1
+6.70% on 1.45 relative volume and the strongest structure on the board: above EMA20 (180.36), EMA50 (176.21) and now clear of EMA200 (183.03), with price 16% above POC (171.12). RSI 68.5 is strong without being extended. Stop is below Camarilla S4 (192.99). Targets are classic R2 and R3. Caveat: Q2 results are scheduled for 4 August after the close - this trade needs to be managed or closed before then.

3. ABNB - Long (52-week high breakout)
Entry: 153.30 (above 52-week high 153.19) · Stop: 149.90 · T1: 156.56 · T2: 159.94 · R:R: 2.0
The highest-conviction volume signature on the board at 2.03 relative volume, closing at 153.11 against a 52-week high of 153.19 - it finished on the high of its range. Full bull stack (EMA20 144.66, EMA50 141.64, EMA200 134.75) and 9.4% above POC. ATR is only 4.49, so the 3.4-point stop below Camarilla S4 (150.31) is tight but proportionate to a low-volatility base. Earnings 6 August. A stock making new highs while its index sits 10% off its own is exactly the relative-strength signal worth owning.

4. LRCX - Short (sell the bounce)
Entry: 277.80 (rally into today's high 277.30 / pivot R1 278.43) · Stop: 287.30 · T1: 259.66 · T2: 249.71 · R:R: 3.0
-7.54% on 1.34 relative volume, below EMA20 (324.46) and EMA50 (325.37) by roughly 17%, and a long way under POC (336.21). RSI 34.0 with MACD -15.50 against signal -8.31. Do not chase the breakdown - the risk is far better on a bounce into the R1 shelf, with the stop above pivot R2 (287.25). Targets are S1 and S2. EMA200 at 251.27 sits right at T2, which is where I would expect the first real fight.

5. MRVL - Short (sell the bounce)
Entry: 181.20 (rally into today's high 181.48 / pivot R1 181.53) · Stop: 188.70 · T1: 167.37 · T2: 160.26 · R:R: 2.8
The weakest chart in the index: -47.1% from its 52-week high, RSI 34.3, 19% below EMA20 (215.41) and 31% below POC (252.55). Closed -7.77%. EMA200 at 154.70 is the structural floor and sits below T2. Stop above pivot R2 (188.58). Same rule as LRCX - sell strength, do not short the low.

Confluence note: the two shorts are the same trade expressed twice. If you take both, halve each. The semiconductor group is stretched to the downside on a four-day run, which is precisely why the entries are set on bounces rather than on breakdowns.



INTRADAY SETUPS

Time-critical caveat: the FOMC decision is at 19:00 UK Wednesday with the press conference at 19:30. Pivot and Camarilla mean-reversion logic breaks down around a rate decision. Trade these in the morning and the first hour of the US session, then stand aside.

1. NAS100 - Camarilla range (both directions)
The close at 27,763.13 sits between Camarilla S1 (27,719.72) and R1 (27,806.55) - a textbook range-day configuration.
Long: Entry: 27,635 (Cam S3 27,632.90) · Stop: 27,490 (below Cam S4 27,502.66) · T1: 27,714 (pivot) · T2: 27,806 (Cam R1) · R:R: 1.2
Short: Entry: 27,890 (Cam R3 27,893.37) · Stop: 28,035 (above Cam R4 28,023.61) · T1: 27,806 · T2: 27,714 · R:R: 1.2
Take whichever level trades first. If price opens outside Cam R4 or S4 the range thesis is dead - flip to breakout mode in that direction.

2. AAPL - Camarilla breakout long
Entry: 344.20 (above Cam R4 344.09) · Stop: 341.90 (back below Cam R3 342.08) · T1: 346.81 · T2: 350.74 · R:R: 2.8
Cam R4 at 344.09 sits just above the 52-week high of 342.89 - a break through it clears both at once. AAPL is the only mega-cap in a full bull stack (EMA20 321.52, EMA50 307.79, EMA200 277.61) and closed 0.8% off its high while the index sits 9.75% off its own. Targets are classic R2 and R3. Earnings are Thursday after the close, so Wednesday is the window.

3. NVDA - Camarilla pivot bounce long
Entry: 195.40 (Cam S3 195.37) · Stop: 193.60 (below Cam S4 193.73) · T1: 197.56 (Cam R1) · T2: 199.56 (pivot R1) · R:R: 2.3
NVDA held up remarkably well (+0.25%) on a day the rest of the group lost 5-9%, and it is still above its EMA200 (191.41) even though it is below the 20 and 50. That relative strength makes it the one semiconductor worth buying a dip in. The EMA200 at 191.41 sits just under Cam S4 and is the hard invalidation. Below 191.41 this becomes a short.

4. BKNG - pullback continuation long
Entry: 198.30 (Cam S1 198.26, holding) · Stop: 195.80 (below Cam S3 196.15) · T1: 202.47 (Cam R3) · T2: 205.64 (Cam R4) · R:R: 3.0
The cleanest reward-to-risk on the intraday board. Buy the first shallow pullback into Cam S1 rather than chasing the gap. Invalidation is a loss of Cam S3, which would mark the breakout as failed.

5. MU - Camarilla breakdown short
Entry: 787.50 (below Cam S4 787.93) · Stop: 810.00 (back above Cam S3 804.23) · T1: 760.06 (pivot S2) · T2: 731.02 (pivot S3) · R:R: 2.5
The heaviest loser on the board at -8.85%, 12.7% below EMA20 (939.80) and 10.4% below POC (915.73). Warning: ATR is 83.14 - over 10% of price. This instrument moves in 80-point ranges, so a full-size position here is a fast way to be wrong expensively. Quarter size at most, and only if the Cam S4 break holds for more than a five-minute bar.



KEY LEVELS DASHBOARD - TOP 5 WEIGHTS

AAPL - 340.08 (+0.94%)
Cam: S4 336.07 · S3 338.08 · S1 339.41 || R1 340.75 · R3 342.08 · R4 344.09
Classic: S3 328.87 · S2 332.23 · S1 336.16 · P 339.52 · R1 343.45 · R2 346.81 · R3 350.74
EMAs: 20 321.52 · 50 307.79 · 200 277.61 · POC 302.31
Prev day: H 342.89 · L 335.60 · 52w: H 342.89 · L 201.50

MSFT - 393.35 (+1.09%)
Cam: S4 388.39 · S3 390.87 · S1 392.52 || R1 394.18 · R3 395.83 · R4 398.31
Classic: S3 380.64 · S2 385.97 · S1 389.66 · P 394.99 · R1 398.68 · R2 404.01 · R3 407.70
EMAs: 20 389.69 · 50 394.51 · 200 421.93 · POC 398.68
Prev day: H 400.32 · L 391.30 · 52w: H 555.45 · L 349.20

NVDA - 197.01 (+0.25%)
Cam: S4 193.73 · S3 195.37 · S1 196.46 || R1 197.56 · R3 198.65 · R4 200.29
Classic: S3 187.64 · S2 190.19 · S1 193.60 · P 196.15 · R1 199.56 · R2 202.11 · R3 205.52
EMAs: 20 204.22 · 50 204.46 · 200 191.41 · POC 209.46
Prev day: H 198.70 · L 192.74 · 52w: H 236.54 · L 164.07

AMZN - 230.86 (-0.23%)
Cam: S4 228.10 · S3 229.48 · S1 230.40 || R1 231.32 · R3 232.24 · R4 233.62
Classic: S3 223.26 · S2 225.68 · S1 228.27 · P 230.69 · R1 233.28 · R2 235.70 · R3 238.29
EMAs: 20 241.45 · 50 244.21 · 200 235.62 · POC 249.09
Prev day: H 233.11 · L 228.10 · 52w: H 278.56 · L 196.00

META - 593.41 (-0.08%)
Cam: S4 585.71 · S3 589.56 · S1 592.13 || R1 594.69 · R3 597.26 · R4 601.11
Classic: S3 572.61 · S2 579.80 · S1 586.61 · P 593.80 · R1 600.61 · R2 607.80 · R3 614.61
EMAs: 20 617.07 · 50 612.98 · 200 631.35 · POC 607.76
Prev day: H 601.00 · L 587.00 · 52w: H 796.25 · L 520.26

Note that AMZN and META both closed below all three EMAs with earnings due - AMZN Thursday, META Wednesday. Those two charts are as bearish as the index gets among the top five, and both are trading into their reports on weak momentum.



BEARISH WARNINGS

1. Correction threshold is 77 points away. The -10% level from the 3 June high is 27,686. Today's low of 27,452.95 already traded through it; the close of 27,763.13 did not. A daily close below 27,686 puts this in the record books as a correction and will bring headline-driven selling.

2. EMA20/EMA50 bear cross imminent. They are 10.6 points apart (28,892.01 vs 28,881.40) with the 20 declining faster. Expect the cross within one to three sessions. It would be the first bearish 20/50 cross since March.

3. MACD histogram widening four sessions running (-151.44 to -168.90). MACD -357.71 versus signal -188.81, both below zero. Downside momentum is still accelerating.

4. No RSI divergence. RSI has made a lower low alongside every lower price low over the past five sessions (46.6 - 41.7 - 39.1 - 38.4 - 36.2). There is nothing here yet that says the decline is exhausted.

5. Semiconductor breadth is zero. Not one of the eleven semiconductor names in the tracked list is above both its EMA20 and EMA50. Ten of eleven closed lower. Four consecutive down days for the group on rising volume is textbook distribution.

6. Bearish MACD across 25 of 40 names and only 16 of 40 above their 60-day POC. Under the surface, most of this index is not working.

7. TSLA at RSI 27.0 with a close of 307.44 against a 52-week low of 297.82, below all three EMAs and 38.4% off its high. Oversold is not a buy signal in a Stage 4 downtrend - it is a warning that the 52-week low is in play.

8. Weak-RSI cluster: SNPS 33.9, LRCX 34.0, MRVL 34.3, QCOM 35.7, AMZN 36.5. Furthest from their highs: MRVL -47.1%, NFLX -42.9%, SNPS -41.1%, ISRG -40.1%, LRCX -38.5%, TSLA -38.4%.

9. PYPL RSI 78.6 - overbought. The results pop is a gift to those already long, but 78.6 into a falling index is not a fresh entry.

Data caveat: the 52-week extremes reported by the scanner for INTU (high 813.70) and MU (low 103.38) look split-unadjusted. The percentage-from-high figures for those two should be disregarded. All EMA, RSI, MACD, POC and pivot values are unaffected.



EVENTS CALENDAR

Wednesday 29 July
19:00 UK - FOMC rate decision. 19:30 UK - Chair Warsh press conference. No new Summary of Economic Projections at this meeting.
After US close - MSFT (Azure growth, AI capacity, capex), META (ad revenue, AI infrastructure spend), QCOM (fiscal Q3), ARM.

Thursday 30 July
13:30 UK - Q2 GDP advance estimate, weekly jobless claims.
Before US open - REGN Q2 results, call 13:30 UK.
After US close - AAPL, AMZN, Mastercard.

Friday 31 July
Month end. AbbVie and Chevron report. Watch for index rebalancing flows into the close.

Early August (NAS100 names)
4 Aug - BKNG (after close) · 5 Aug - DASH (after close) · 6 Aug - ABNB (after close)

Already reported
28 July pre-market - PYPL Q2, stock +4.17% in response.

The point: four of the seven largest weights in this index report within 48 hours, on either side of a Fed decision, with the market already questioning AI capex. That is the single largest concentration of event risk of the quarter. Whatever the chart says today, position sizing between now and Friday matters more than direction.



Report: 28 July 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 (NAS100) Daily Technical Report · Monday 27 July 2026
Data: Close 27 Jul 2026 | NAS100: 28,039.21 | Change: -89.13 (-0.32%) | Range: 27,786.54-28,460.20
Scanner data date: 27 Jul 2026 (current session) · 40/40 components received



MARKET OVERVIEW
The NAS100 closed at 28,039.21, down 89.13 points (-0.32%) after opening at 28,412.31 and trading a 673.65-point range. The session low of 27,786.54 was the weakest print since early July; the index recovered roughly 253 points off that low into the bell but still closed in the lower third of the range.
Volume came in at 1.39bn against a 1.34bn average - modestly elevated distribution rather than panic.
Drivers: renewed scrutiny of AI capital spending ahead of megacap results, with semiconductors the clear drag. NVDA -4.99%, AMD -5.17%, LRCX -4.46%, AMAT -3.61% and KLAC -3.40% led losses. Offsetting that, WTI crude fell close to 7% which supported cyclicals and travel names - WDAY +9.01%, DASH +6.63%, ISRG +5.73%, ADBE +5.62% and BKNG +5.26%.
Breadth was actually positive - 23 of 40 components closed higher with an average component move of +0.73% - so the index decline is a weighting story, not a breadth story. The mega-cap semiconductor complex did the damage.
Bias: Bearish below 28,400 while price sits under both the 20 and 50 EMA. Neutral-to-constructive only on a daily close back above 29,010.



TREND
EMA stack (index, daily): Close 28,039.21 · EMA20 29,010.67 · EMA50 29,028.22 · EMA200 26,651.31
Price is below the 20 EMA and 50 EMA, above the 200 EMA - STRICT classification: Bear (below 20/50). The 20 EMA has rolled under the 50 EMA, a near-term bearish cross, but the two are only 17 points apart so the medium-term trend is better described as flat rather than broken.
Structure: Lower highs since the 30,660.60 peak (early June), and today put in a lower low against Friday close of 28,128.34. The index is -8.55% from its 52-week high and +22.5% above its 52-week low near 22,884.
Phase: Corrective pullback inside a longer-term uptrend. The 200 EMA at 26,651 is 4.9% below - that is the line that defines whether this stays a correction.



INDICATORS
RSI(14): 38.37, with the RSI-based MA at 46.04. Sub-40 but not yet oversold. Price made a lower low today and RSI made a lower low with it - no positive divergence in place. A move back above 46 would be the first sign momentum is turning.
MACD: MACD -298.03, Signal -146.58, Histogram -151.44. MACD is below signal and below zero, and the histogram is expanding negative. Momentum is deteriorating, not stabilising.
ATR(14): 586.16 points - roughly 2.1% of index value. Size intraday stops accordingly.
Volume: 1.39bn vs 1.34bn 20-day average. Slightly above normal on a red day, but far from capitulation volume.
Component momentum: MACD is bearish on 29 of 40 names. Only 17 of 40 trade above their 60-day VWAP POC. That is a weak internal picture despite the positive daily breadth.



KEY INDEX LEVELS
Resistance: R1 28,404.09 · 28,460 (today high) · R2 28,768.97 · 29,010/29,028 (EMA20/EMA50 wall) · R3 29,077.75
Support: S1 27,730.44 · 27,786 (today low) · S2 27,421.66 · S3 27,056.78 · 26,651 (EMA200)
Classic pivots: S2 27,421.66 · S1 27,730.44 · P 28,095.32 · R1 28,404.09 · R2 28,768.97
Round numbers: 28,000 (held today) · 27,500 · 28,500 · 29,000 (coincides with the EMA wall)
The single most important level is 28,095 - the daily pivot. Above it the index is fighting back toward 28,400; below it the 27,786 low and then 27,730 come into play quickly.



COMPONENT SIGNALS - ALL 40
Format: Close · Trend (STRICT EMA) · RSI · MACD · % from 52w high · daily change · POC

AAPL 336.92 · Bull (above all) · RSI 67.3 (Strong) · Bull · 52wH -0.8% · +1.17% · Above POC
MSFT 389.10 · Bear (below all) · RSI 49.3 (Neutral) · Bull · 52wH -29.9% · +1.94% · Below POC
NVDA 196.51 · Bear (below 20/50) · RSI 42.4 (Neutral) · Bear · 52wH -16.9% · -4.99% · Below POC
AMZN 231.39 · Bear (below all) · RSI 37.0 (Weak) · Bear · 52wH -16.9% · -0.31% · Below POC
META 593.87 · Bear (below all) · RSI 43.5 (Neutral) · Bear · 52wH -25.4% · -0.22% · Below POC
GOOGL 326.56 · Bear (below 20/50) · RSI 37.1 (Weak) · Bear · 52wH -20.1% · +2.13% · Below POC
AVGO 383.22 · Bear (below 20/50) · RSI 48.4 (Neutral) · Bull · 52wH -22.6% · +0.34% · Below POC
TSLA 309.23 · Bear (below all) · RSI 27.3 (Oversold) · Bear · 52wH -38.0% · -1.21% · Below POC
COST 951.58 · Mixed (>20 <50 <200) · RSI 53.0 (Bullish) · Bull · 52wH -13.2% · +1.77% · Below POC
NFLX 70.40 · Bear (below all) · RSI 39.4 (Weak) · Bull · 52wH -44.4% · +0.44% · Below POC
AMD 494.95 · Mixed (<20 >50 >200) · RSI 45.2 (Neutral) · Bear · 52wH -15.4% · -5.17% · Above POC
ADBE 237.75 · Bull (above 20/50) · RSI 58.3 (Bullish) · Bull · 52wH -36.8% · +5.62% · Above POC
QCOM 170.04 · Bear (below all) · RSI 39.6 (Weak) · Bear · 52wH -34.6% · +1.84% · Below POC
TMUS 177.21 · Bear (below all) · RSI 43.9 (Neutral) · Bear · 52wH -32.2% · -1.60% · Below POC
LIN 507.02 · Bear (below 20/50) · RSI 43.5 (Neutral) · Bear · 52wH -7.5% · -1.03% · Below POC
ISRG 356.83 · Bear (below all) · RSI 40.4 (Neutral) · Bear · 52wH -40.9% · +5.73% · Below POC
INTU 303.91 · Mixed (>20 <50 <200) · RSI 58.2 (Bullish) · Bull · 52wH -62.7% · +2.56% · Below POC
CSCO 114.57 · Bull (above all) · RSI 49.9 (Neutral) · Bear · 52wH -12.1% · +0.35% · Above POC
TXN 279.41 · Bear (below 20/50) · RSI 41.9 (Neutral) · Bear · 52wH -16.4% · -0.06% · Below POC
AMAT 516.89 · Bear (below 20/50) · RSI 42.8 (Neutral) · Bear · 52wH -30.1% · -3.61% · Below POC
BKNG 186.79 · Bull (above all) · RSI 60.1 (Strong) · Bear · 52wH -19.4% · +5.26% · Above POC
PANW 317.32 · Mixed (<20 >50 >200) · RSI 47.6 (Neutral) · Bear · 52wH -14.0% · -2.00% · Above POC
MU 900.20 · Bear (below 20/50) · RSI 45.6 (Neutral) · Bear · 52wH -28.3% · -2.25% · Below POC
LRCX 291.60 · Bear (below 20/50) · RSI 38.2 (Weak) · Bear · 52wH -33.5% · -4.46% · Below POC
KLAC 203.36 · Bear (below 20/50) · RSI 41.7 (Neutral) · Bear · 52wH -33.8% · -3.40% · Below POC
ADI 371.89 · Bear (below 20/50) · RSI 41.5 (Neutral) · Bear · 52wH -16.6% · +0.01% · Below POC
REGN 667.17 · Bull (above 20/50) · RSI 55.8 (Bullish) · Bear · 52wH -18.7% · +1.70% · Above POC
SNPS 388.99 · Bear (below all) · RSI 35.5 (Weak) · Bear · 52wH -40.3% · +4.16% · Below POC
CDNS 338.86 · Bear (below 20/50) · RSI 40.0 (Neutral) · Bear · 52wH -18.7% · +3.87% · Below POC
MELI 1819.74 · Bull (above 20/50) · RSI 57.9 (Bullish) · Bear · 52wH -28.6% · +1.02% · Above POC
CRWD 180.11 · Mixed (<20 >50 >200) · RSI 44.9 (Neutral) · Bear · 52wH -17.2% · -1.73% · Above POC
MAR 383.06 · Bull (above all) · RSI 57.8 (Bullish) · Bull · 52wH -6.8% · +2.30% · Above POC
ABNB 146.86 · Bull (above all) · RSI 55.5 (Bullish) · Bear · 52wH -2.7% · +4.08% · Above POC
MRVL 189.17 · Bear (below 20/50) · RSI 37.8 (Weak) · Bear · 52wH -42.7% · -2.61% · Below POC
DASH 184.37 · Bull (above 20/50) · RSI 53.2 (Bullish) · Bear · 52wH -35.4% · +6.63% · Above POC
FTNT 152.38 · Mixed (<20 >50 >200) · RSI 48.6 (Neutral) · Bear · 52wH -10.5% · +0.01% · Above POC
CEG 270.00 · Bull (above 20/50) · RSI 56.7 (Bullish) · Bull · 52wH -34.6% · -1.59% · Above POC
WDAY 147.54 · Bull (above 20/50) · RSI 58.9 (Bullish) · Bear · 52wH -40.9% · +9.01% · Above POC
PYPL 55.99 · Bull (above all) · RSI 74.4 (Overbought) · Bull · 52wH -29.6% · -0.29% · Above POC
ORLY 90.59 · Bull (above 20/50) · RSI 57.0 (Bullish) · Bull · 52wH -16.7% · +3.65% · Above POC



SECTOR GROUPING
Mega-cap Tech (9 names) · avg -0.08% · 5/9 higher · 1/9 bullish EMA structure
Semiconductors (9 names) · avg -2.19% · 2/9 higher · 0/9 bullish EMA structure
Software / Cloud (9 names) · avg +2.43% · 7/9 higher · 3/9 bullish EMA structure
Consumer / Internet (9 names) · avg +2.54% · 7/9 higher · 7/9 bullish EMA structure
Healthcare / Biotech (2 names) · avg +3.72% · 2/2 higher · 1/2 bullish EMA structure
Industrial / Other (2 names) · avg -1.31% · 0/2 higher · 1/2 bullish EMA structure

Read: Semiconductors are the problem - the weakest group on the day and the heaviest index weight. Consumer/Internet is the strongest, helped by the collapse in crude and travel demand. Software is mixed: legacy names (ADBE, WDAY, INTU) are being bought while EDA and security names (SNPS, CDNS, PANW, CRWD) still trade below their 20 EMA.



TOP SWING SETUPS
1. AAPL - LONG (breakout continuation)
The only NAS100 component printing a fresh 52-week high today (339.57) and the cleanest chart in the index. Close 336.92, ATR 8.14.
Entry: 339.60 on a break of the 52w high · Stop: 329.80 (1.2 ATR) · T1: 355.90 (2 ATR) · T2: 368.10 (3.5 ATR) · R:R: 1.66 / 2.91
Confluence: Above EMA20 319.56, EMA50 306.47 and EMA200 276.98 · RSI 67.3 strong but not extended · MACD 8.93 above signal 7.82 · trades 12% above its 60d POC of 300.94 · earnings Thu 30 Jul is the risk - consider a reduced size or waiting until after the print.

2. BKNG - LONG (EMA200 reclaim)
Reclaimed the 200 EMA today on a +5.26% move. Close 186.79, ATR 6.39. Structure flipped from mixed to full bull stack in one session.
Entry: 187.40 above today high 187.34 · Stop: 179.70 (1.2 ATR, below EMA200 182.86) · T1: 200.20 (2 ATR) · T2: 209.80 (3.5 ATR) · R:R: 1.66 / 2.91
Confluence: EMA20 178.36 and EMA50 175.27 both rising beneath price · EMA200 182.86 just reclaimed and now first support · RSI 60.1 · 9.5% above POC 170.63 · MACD histogram still marginally negative (1.92 vs 2.13) so wait for the break rather than anticipating · earnings Wed 29 Jul - event risk inside the trade.

3. MAR - LONG (trend continuation, oil tailwind)
Full bull EMA stack, only 6.79% from its 52-week high, and a direct beneficiary of the crude collapse. Close 383.06, ATR 8.64.
Entry: 384.30 above today high 384.20 · Stop: 372.50 (below EMA20 373.00 / EMA50 371.95) · T1: 401.60 (2 ATR) · T2: 410.90 (52w high) · R:R: 1.47 / 2.25
Confluence: Above all three EMAs · RSI 57.8 with room to run · MACD -1.49 above signal -2.50 and turning up · above POC 374.44 · strongest name in a strongly bid Consumer/Internet group · the EMA20/EMA50 cluster at 371.95-373.00 gives a tight, well-defined invalidation.

4. NVDA - SHORT (rally into EMA resistance)
The single biggest drag on the index today, -4.99% on above-average volume (rv 1.14). Close 196.51, ATR 7.69. Do not chase the low - wait for the bounce into resistance.
Entry: 204.50 on a retest of the EMA20/EMA50 cluster · Stop: 213.70 (1.2 ATR) · T1: 189.10 (2 ATR) · T2: 177.60 (3.5 ATR) · R:R: 1.67 / 2.92
Confluence: EMA20 204.98 and EMA50 204.77 sit almost exactly on top of each other - a hard ceiling · trades 6.2% below its POC of 209.49 · MACD -0.02 below signal 0.06 and rolling over · RSI 42.4 with no divergence · classic S2 186.92 and S3 178.41 line up with both targets · EMA200 191.36 is the first meaningful support so expect a fight around T1.

5. MRVL - SHORT (broken trend, rally fade)
The weakest structure in the index: -42.65% from its 52-week high with price 14% below its own 20 EMA. Close 189.17, ATR 19.75.
Entry: 199.00 on a relief rally · Stop: 222.70 (1.2 ATR, above EMA20 219.72) · T1: 159.50 (2 ATR) · T2: 145.00 · R:R: 1.67 / 2.28
Confluence: Below EMA20 219.72 and EMA50 221.02 · 25% below POC 252.71 · MACD -15.29 vs signal -11.69, deeply negative · RSI 37.8 and weak · warning: ATR is 10.4% of price - this needs roughly a third of your normal position size to carry equivalent risk.



INTRADAY SETUPS - TUESDAY 28 JULY
1. AAPL - Camarilla breakout
Direction: LONG · Momentum continuation above the upper Camarilla band.
Entry: above 339.97 (cam R4) · Stop: 337.40 (cam R1) · T1: 342.39 (classic R2) · T2: 345.20 (classic R3)
Reasoning: Cam R4 339.97 sits almost exactly on the 52-week high 339.57. A break above both is a genuine breakout with no overhead supply. Close 336.92 sat inside the cam S1-R1 band, so a gap-and-go through R4 is the trigger - do not pre-position.

2. ISRG - Camarilla breakout
Direction: LONG · Continuation of today +5.73% reversal off the 52-week low area.
Entry: above 359.30 (today high 359.26) · Stop: 353.20 (daily pivot 353.16) · T1: 362.93 (classic R1) · T2: 369.03 (classic R2)
Reasoning: Highest conviction bounce candidate: relative volume 1.29, closed at the top of its range, and only 8.6% off its 52-week low. Cam R1 358.28 and today high 359.26 are the same zone - a clean break signals the short covering has legs. Counter-trend: price is still below all three EMAs, so this is a day trade only.

3. NVDA - Camarilla range fade
Direction: SHORT · Fade the bounce into the upper Camarilla band.
Entry: 200.20 (cam R3 200.17 / daily pivot 200.23) · Stop: 203.90 (above cam R4 203.83) · T1: 195.29 (cam S1) · T2: 191.72 (classic S1)
Reasoning: Cam R3 and the daily pivot coincide within 6 cents - a textbook fade level. Risk 3.70 for 4.94 to T1 (R:R 1.34) and 8.51 to T2 (R:R 2.30). Invalidated above cam R4 203.83, which would put the EMA cluster at 204.80 back in play.

4. CDNS - Camarilla range
Direction: LONG · Buy the lower Camarilla band on the highest relative volume in the index.
Entry: 336.69 (cam S3) · Stop: 334.52 (cam S4) · T1: 339.58 (cam R1) · T2: 341.03 (cam R3)
Reasoning: Relative volume 1.55 is the highest of all 40 names, and the stock closed +3.87%. Tight 2.17 risk for 2.89 to T1 (R:R 1.33) and 4.34 to T2 (R:R 2.00). Cam S4 334.52 is the hard invalidation - below it the range breaks down and this becomes a short.

5. TSLA - Camarilla bounce
Direction: LONG (counter-trend) · Oversold mean reversion inside the Camarilla range.
Entry: 305.73 (cam S3) · Stop: 302.20 (below cam S4 302.23) · T1: 310.40 (cam R1) · T2: 312.73 (cam R3)
Reasoning: RSI 27.3 is the only oversold reading in the index and price is just 3.8% above its 52-week low. Risk 3.53 for 4.67 to T1 (R:R 1.32) and 7.00 to T2 (R:R 1.98). This is a counter-trend scalp against a Bear (below all) structure - EMA20 371.93 is 20% overhead. Take T1 and reduce.



KEY LEVELS DASHBOARD - TOP 5 BY WEIGHT
NVDA - Close 196.51
Cam: S4 189.19 · S3 192.85 · S1 195.29 || R1 197.73 · R3 200.17 · R4 203.83
Classic: S3 178.41 · S2 186.92 · S1 191.72 · P 200.23 · R1 205.03 · R2 213.54 · R3 218.34
EMAs: 20 204.98 · 50 204.77 · 200 191.36 · POC 209.49
Prev H/L: 208.75 / 195.44 · 52w H/L: 236.54 / 164.07 · ATR 7.69

AAPL - Close 336.92
Cam: S4 333.87 · S3 335.39 · S1 336.41 || R1 337.43 · R3 338.45 · R4 339.97
Classic: S3 328.55 · S2 331.29 · S1 334.10 · P 336.84 · R1 339.65 · R2 342.39 · R3 345.20
EMAs: 20 319.56 · 50 306.47 · 200 276.98 · POC 300.94
Prev H/L: 339.57 / 334.02 · 52w H/L: 339.57 / 201.50 · ATR 8.14

MSFT - Close 389.10
Cam: S4 385.68 · S3 387.39 · S1 388.53 || R1 389.67 · R3 390.81 · R4 392.52
Classic: S3 380.45 · S2 384.22 · S1 386.66 · P 390.43 · R1 392.87 · R2 396.64 · R3 399.08
EMAs: 20 389.30 · 50 394.56 · 200 422.21 · POC 398.97
Prev H/L: 394.20 / 387.99 · 52w H/L: 555.45 / 349.20 · ATR 11.88

AMZN - Close 231.39
Cam: S4 228.70 · S3 230.04 · S1 230.94 || R1 231.84 · R3 232.74 · R4 234.09
Classic: S3 224.72 · S2 227.86 · S1 229.62 · P 232.76 · R1 234.52 · R2 237.66 · R3 239.42
EMAs: 20 242.56 · 50 244.76 · 200 235.67 · POC 249.91
Prev H/L: 235.89 / 230.99 · 52w H/L: 278.56 / 196.00 · ATR 7.06

AVGO - Close 383.22
Cam: S4 374.20 · S3 378.71 · S1 381.72 || R1 384.72 · R3 387.73 · R4 392.24
Classic: S3 358.11 · S2 365.81 · S1 374.51 · P 382.21 · R1 390.91 · R2 398.61 · R3 407.31
EMAs: 20 385.73 · 50 389.08 · 200 359.50 · POC 403.50
Prev H/L: 389.90 / 373.50 · 52w H/L: 495.00 / 281.61 · ATR 16.23



BEARISH WARNINGS
Momentum is broadly negative. MACD sits below its signal line on 29 of the 40 components. That is the clearest warning in tonight data - the positive daily breadth (23 of 40 higher) is a one-day bounce sitting on top of a deteriorating momentum base.
Death-cross structure on 18 names. EMA50 is below EMA200 on MSFT, META, TSLA, COST, NFLX, ADBE, TMUS, ISRG, INTU, BKNG, REGN, SNPS, MELI, DASH, CEG, WDAY, PYPL and ORLY. Several of today biggest gainers (WDAY, ADBE, DASH, BKNG) are rallying inside a longer-term bearish structure - treat those as counter-trend until the 200 EMA is reclaimed and held.
Six names within 10% of a 52-week low: TSLA (+3.8%), SNPS (+6.3%), TMUS (+7.0%), NFLX (+8.2%), ISRG (+8.6%), ORLY (+9.7%). NFLX in particular is -44.4% from its high with a Bear (below all) stack.
PYPL overbought without trend. RSI 74.4 is the highest reading in the index, yet the stock is still -29.6% from its 52-week high. That is a bounce reaching exhaustion, not a breakout - avoid chasing.
Only 17 of 40 above their 60-day POC. The majority of the index is trading below where the most volume has changed hands over the last quarter. That is overhead supply on any rally attempt.
Index momentum is expanding to the downside. MACD histogram at -151.44 is widening, RSI at 38.37 made a lower low alongside price, and the EMA20 has crossed below the EMA50. Nothing here says the pullback is finished.



EVENTS CALENDAR - NEXT 48 HOURS
Tuesday 28 July
FOMC meeting begins (two-day) · GOOGL reports - the first of the megacap AI capex prints and the read-across for the whole complex · V, KO, HD, MCD, SPGI and TJX also report (non-NAS100 but sets the tape).

Wednesday 29 July
FOMC rate decision 19:00 UK, press conference 19:30 UK. Consensus is no change, holding 3.50-3.75% for a fourth consecutive meeting - the risk is in the language on inflation, not the number.
After the close: MSFT, META, QCOM, BKNG. Four NAS100 names on the same evening as the Fed. Capital expenditure guidance from MSFT and META is the single biggest swing factor for the index this week.

Thursday 30 July
After the close: AAPL, AMZN. Completes the megacap cluster. PYPL also reports this week.

Positioning note: Between the Fed on Wednesday and six of the largest index constituents reporting inside 48 hours, event risk is exceptionally concentrated. Any swing position opened Tuesday carries binary headline risk. Size accordingly, and consider waiting until Thursday close for anything longer than a day trade.



Report: 27 July 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 (NAS100) - Daily Technical Analysis - Friday 24 July 2026


Data: Close 24 Jul 2026 | NAS100: 28,128.34 | Change: -326.47 (-1.15%) | Range: 28,053.08-28,471.48


Market Overview
The NASDAQ 100 fell for a second straight session, closing at 28,128.34, down -326.47 pts (-1.15%). The index opened at 28,362.15, tagged a high of 28,471.48, then sold off to a low of 28,053.08 before a modest bounce into the close - a weak, distribution-style day. This caps the first back-to-back weekly loss since late March.
Under the surface the tape was split: breadth was near-even (21 advancers / 19 decliners) but the damage was concentrated in semiconductors, which were routed, while software and select mega-caps held firm. VIX closed at 18.58 - elevated but short of panic.
Bias: Cautious / short-term bearish while price holds below the 20 and 50 EMAs. The longer-term uptrend is intact (28,128.34 sits ~5.6% above the 200 EMA), but momentum has rolled over into a high-risk event window.


Trend Structure
EMA stack (index): 20 EMA 29,127.12 | 50 EMA 28,963.28 | 200 EMA 26,637.37.
Price (28,128.34) is now below both the 20 and 50 EMAs but comfortably above the rising 200 EMA - a classic short-term pullback inside a longer-term uptrend (below 20/50, above 200). The 20 EMA has curled over beneath recent highs and the 50 EMA at 28,963.28 is the first line the bulls must reclaim.
Structure: Two decisive down days have broken the near-term rising sequence. First support is the 28,053.08 session low; below that the round 28,000 handle and the 200 EMA zone come into play. Phase: short-term corrective within a primary uptrend.


Momentum & Indicators
RSI(14): 39.08 - sub-40 and below its signal MA (46.7), confirming loss of momentum but not yet oversold. Room remains toward the 30 zone.
MACD: -245.62 vs signal -108.72, histogram -136.9 - bearish and expanding to the downside; no momentum turn yet.
Volume: 1.31B, below the 1.41B average - the selloff came on lighter-than-average volume, a small mercy for bulls, but the down/up volume split still favours sellers.


Key Index Levels
Resistance: R1 28,471 (day high) | R2 28,963.28 (50 EMA) | R3 29,127.12 (20 EMA / 29,000 round).
Support: S1 28,053.08 (day low) | S2 28,000 (round number) | S3 27,500 then the 200 EMA 26,637.37.
Classic pivots (from today): S2 27,800 - S1 27,950 - P 28,218 - R1 28,350 - R2 28,550.


Component Signals - All 40
TICKER Close | Chg | Trend | RSI | MACD | % from 52wH | POC
AAPL 333.02 | +3.53% | Bull (above all) | 65 Bullish | Bull | -0.6% | Above
MSFT 381.70 | +0.03% | Bear (below all) | 45 Bearish | Bull | -31.3% | Below
NVDA 206.84 | -0.92% | Bull (above all) | 51 Bullish | Bull | -12.6% | Below
AMZN 232.11 | -0.66% | Bear (below all) | 38 Bearish | Bear | -16.7% | Below
META 595.19 | -1.80% | Bear (below all) | 44 Bearish | Bear | -25.3% | Below
GOOGL 319.74 | +0.65% | Bear (below 20/50) | 32 Bearish | Bear | -21.7% | Below
AVGO 381.92 | -2.69% | Bear (below 20/50) | 48 Bearish | Bull | -22.8% | Below
TSLA 313.03 | -2.08% | Bear (below all) | 28 Oversold | Bear | -37.2% | Below
COST 935.03 | +0.97% | Bear (below all) | 47 Bearish | Bull | -14.7% | Below
NFLX 70.09 | +1.74% | Bear (below all) | 38 Bearish | Bear | -44.7% | Below
AMD 521.95 | -3.29% | Mixed (<20, >50, >200) | 50 Bullish | Bear | -10.7% | Above
ADBE 225.11 | +6.10% | Mixed (>20, <50, <200) | 51 Bullish | Bull | -40.2% | Below
QCOM 166.97 | -2.42% | Bear (below all) | 37 Bearish | Bear | -35.8% | Below
TMUS 180.09 | +5.67% | Bear (below all) | 46 Bearish | Bear | -31.1% | Below
LIN 512.28 | +1.18% | Bear (below 20/50) | 47 Bearish | Bear | -6.6% | Below
ISRG 337.50 | +1.65% | Bear (below all) | 32 Bearish | Bear | -44.1% | Below
INTU 296.33 | +5.26% | Mixed (>20, <50, <200) | 55 Bullish | Bull | -63.6% | Below
CSCO 114.17 | +1.25% | Mixed (<20, >50, >200) | 49 Bearish | Bear | -12.4% | Below
TXN 279.58 | -1.90% | Bear (below 20/50) | 42 Bearish | Bear | -16.3% | Below
AMAT 536.25 | -4.72% | Bear (below 20/50) | 46 Bearish | Bear | -27.5% | Below
BKNG 177.46 | +2.68% | Mixed (<20, >50, <200) | 51 Bullish | Bear | -23.4% | Above
PANW 323.79 | -0.57% | Mixed (<20, >50, >200) | 50 Bullish | Bear | -12.2% | Above
MU 920.95 | -6.99% | Mixed (<20, >50, >200) | 47 Bearish | Bear | -26.6% | Above
LRCX 305.21 | -4.56% | Bear (below 20/50) | 41 Bearish | Bear | -30.4% | Below
KLAC 210.52 | -3.75% | Bear (below 20/50) | 44 Bearish | Bear | -31.5% | Below
ADI 371.86 | -2.19% | Bear (below 20/50) | 42 Bearish | Bear | -16.6% | Below
REGN 656.01 | +0.63% | Mixed (>20, <50, <200) | 51 Bullish | Bear | -20.1% | Above
SNPS 373.47 | -0.01% | Bear (below all) | 26 Oversold | Bear | -42.7% | Below
CDNS 326.24 | -1.28% | Bear (below all) | 32 Bearish | Bear | -21.7% | Below
MELI 1,801.44 | +0.15% | Bull (above 20/50) | 55 Bullish | Bear | -29.3% | Above
CRWD 183.26 | -0.09% | Mixed (<20, >50, >200) | 47 Bearish | Bear | -15.7% | Above
MAR 374.43 | +2.73% | Bull (above all) | 51 Bullish | Bull | -8.9% | Above
ABNB 141.10 | +2.57% | Mixed (<20, >50, >200) | 47 Bearish | Bear | -6.5% | Above
MRVL 194.23 | -7.21% | Bear (below 20/50) | 39 Bearish | Bear | -41.1% | Below
DASH 172.91 | +1.85% | Bear (below all) | 43 Bearish | Bear | -39.4% | Above
FTNT 152.37 | +0.55% | Mixed (<20, >50, >200) | 49 Bearish | Bear | -10.6% | Above
CEG 274.35 | -0.45% | Bull (above 20/50) | 61 Bullish | Bull | -33.5% | Above
WDAY 135.34 | +5.84% | Mixed (<20, >50, <200) | 50 Bullish | Bear | -45.8% | Above
PYPL 56.15 | +0.27% | Bull (above all) | 75 Overbought | Bull | -29.4% | Above
ORLY 87.40 | +1.50% | Mixed (>20, <50, <200) | 50 Bullish | Bull | -19.6% | Below


Sector Grouping
Mega-cap Tech: avg -0.49% | 2 bull / 6 bear structures. AAPL +3.5%, MSFT +0.0%, NVDA -0.9%, AMZN -0.7%, META -1.8%, GOOGL +0.7%, AVGO -2.7%, TSLA -2.1%
Semiconductors: avg -4.11% | 0 bull / 7 bear structures. AMD -3.3%, QCOM -2.4%, TXN -1.9%, AMAT -4.7%, MU -7.0%, LRCX -4.6%, KLAC -3.8%, ADI -2.2%, MRVL -7.2%
Software / Cloud: avg +1.89% | 0 bull / 2 bear structures. ADBE +6.1%, PANW -0.6%, CRWD -0.1%, FTNT +0.6%, SNPS -0.0%, CDNS -1.3%, WDAY +5.8%, INTU +5.3%, CSCO +1.2%
Consumer / Internet: avg +2.01% | 3 bull / 4 bear structures. COST +1.0%, NFLX +1.7%, BKNG +2.7%, MELI +0.1%, MAR +2.7%, ABNB +2.6%, DASH +1.9%, ORLY +1.5%, PYPL +0.3%, TMUS +5.7%
Healthcare / Biotech: avg +1.14% | 0 bull / 1 bear structures. ISRG +1.6%, REGN +0.6%
Industrial / Other: avg +0.36% | 1 bull / 1 bear structures. LIN +1.2%, CEG -0.5%
Read: Semiconductors led the decline (MRVL -7.2%, MU -7.0%, AMAT -4.7%, LRCX -4.6%, KLAC -3.8%) as the equipment/memory complex was hit hard. Software was the standout (ADBE +6.1%, WDAY +5.8%, INTU +5.3%). A clear defensive rotation out of cyclical semis into recurring-revenue software.


Top Swing Setups
ADBE - Long (momentum continuation)
Broke out +6.1% on strong volume, above all three EMAs (20 222.56 / 50 227.50 / 200 274.48), MACD bullish, price above POC 226.53. Buy pullbacks toward the rising 20 EMA.
Entry: 225.11 area (or 20 EMA 222.56 pullback) - Stop: 217.41 (below 20 EMA) - T1: 245.71 - T2: 261.16 - R:R: 2.68 - Confluence: EMA stack + volume breakout + above POC.
WDAY - Long (breakout)
+5.8% advance, Mixed (<20, >50, <200), RSI 50 (Bullish), MACD bullish, -45.8% from 52w high with room to run. Above POC 130.98.
Entry: 135.34 - Stop: 131.62 (ATR below 50 EMA) - T1: 151.34 - T2: 163.34 - R:R: 4.3 - Confluence: trend + momentum + relative strength vs index.
AAPL - Long (mega-cap relative strength)
Bucked the tape +3.5% into earnings (30 Jul). Bull (above all), RSI 65, MACD bullish. Note: earnings event risk - size accordingly or wait for the print.
Entry: 333.02 - Stop: 302.75 - T1: 349.54 - T2: 357.80 - R:R: 0.55 - Confluence: RS leader + POC 300.14. Caveat: holds over earnings.
MU - Short (semiconductor breakdown)
-7.0% collapse, Mixed (<20, >50, >200), RSI 47, MACD bearish, below POC 908.46. Momentum firmly down; sell rallies into the broken 20 EMA 957.84.
Entry: 920.95 or 957.84 retest - Stop: 982.15 (above 20 EMA) - T1: 758.87 - T2: 677.83 - R:R: 2.65 - Confluence: sector-wide semi weakness + below POC + bearish MACD.
MRVL - Short (worst NAS100 performer)
Day's biggest loser -7.2%, Bear (below 20/50), RSI 39, -41.1% from 52w high. Below POC 252.40, MACD bearish.
Entry: 194.23 or bounce to 222.94 - Stop: 228.91 - T1: 154.45 - T2: 134.56 - R:R: 1.15 - Confluence: leading semi weakness, little support until 52w-low zone 61.44.


Intraday Setups
COST - Camarilla range fade
Balanced structure (Bear (below all)), RSI 47. Fade the Camarilla extremes while range holds. Long near S3 930.80 targeting pivot / R3 939.26; Short near R3 939.26 targeting S3 930.80. Stop just beyond S4 926.57 / R4 943.49.
ADBE - Camarilla breakout (long)
Momentum leader. Long on a break and hold above R4 231.04 - Stop: 228.07 - Target: measured move toward the 52w-high zone 376.16. Direction: with-trend continuation.
AAPL - Classic pivot bounce (long)
Long a hold of pivot 329.67 / S1 324.97 - Stop: below S2 316.92 - Target: R1 337.72 then R2 342.42. Reasoning: mega-cap RS + pre-earnings bid.
MU - Camarilla breakdown (short)
Short a break below S4 886.22 - Stop: 903.59 - Target: S1 894.25 then S2 867.56. Direction: with the dominant downtrend.


Key Levels Dashboard - Top 5
NVDA
Close 206.84 (-0.92%) | Cam: S4 202.94 - S3 204.89 - S1 206.19 || R1 207.49 - R3 208.79 - R4 210.75
Classic: S3 196.70 - S1 203.80 - P 207.85 - R1 210.90 - R3 218.00 | EMAs: 20 205.87 / 50 205.11 / 200 191.31 | POC 209.64 | PrevH/L 211.91/204.81 | 52w 236.54/164.07
AAPL
Close 333.02 (3.53%) | Cam: S4 326.01 - S3 329.51 - S1 331.85 || R1 334.19 - R3 336.53 - R4 340.03
Classic: S3 312.22 - S1 324.97 - P 329.67 - R1 337.72 - R3 350.47 | EMAs: 20 317.74 / 50 305.23 / 200 276.38 | POC 300.14 | PrevH/L 334.37/321.62 | 52w 334.99/201.50
MSFT
Close 381.70 (0.03%) | Cam: S4 377.09 - S3 379.40 - S1 380.93 || R1 382.47 - R3 384.00 - R4 386.31
Classic: S3 370.18 - S1 378.56 - P 383.79 - R1 386.94 - R3 395.32 | EMAs: 20 389.32 / 50 394.78 / 200 422.55 | POC 399.48 | PrevH/L 389.03/380.65 | 52w 555.45/349.20
AMZN
Close 232.11 (-0.66%) | Cam: S4 230.12 - S3 231.12 - S1 231.78 || R1 232.44 - R3 233.10 - R4 234.10
Classic: S3 227.04 - S1 230.65 - P 232.80 - R1 234.26 - R3 237.87 | EMAs: 20 243.74 / 50 245.30 / 200 235.71 | POC 250.42 | PrevH/L 234.95/231.34 | 52w 278.56/196.00
META
Close 595.19 (-1.80%) | Cam: S4 586.65 - S3 590.92 - S1 593.77 || R1 596.61 - R3 599.46 - R4 603.73
Classic: S3 574.24 - S1 589.77 - P 599.87 - R1 605.30 - R3 620.83 | EMAs: 20 622.27 / 50 614.59 / 200 632.12 | POC 609.19 | PrevH/L 609.98/594.45 | 52w 796.25/520.26


Bearish Warnings
Below all EMAs (full bearish stack): AMZN, CDNS, COST, DASH, ISRG, META, MSFT, NFLX, QCOM, SNPS, TMUS, TSLA.
Bearish MACD (momentum down): 29 of 40 names, concentrated in semis - MU, MRVL, AMAT, LRCX, KLAC, AMD, ADI, QCOM, TXN.
Nearest 52w lows: SNPS (+2% above low), ISRG (+3% above low), TSLA (+5% above low), ORLY (+6% above low), NFLX (+8% above low), TMUS (+9% above low), MSFT (+9% above low), COST (+11% above low), META (+14% above low).
Oversold (watch for washout/bounce): SNPS RSI 26, TSLA RSI 28. Overbought: PYPL RSI 75.


Events Calendar - Week Ahead
Mon 27 Jul: Quiet open to a heavy week; positioning ahead of the Fed.
Tue 28 - Wed 29 Jul: FOMC meeting - rate decision Wed 29 Jul 2:00pm ET. The dominant macro catalyst.
Wed 29 Jul (after close): MSFT and META earnings - landing the same day as the Fed. Twin volatility event.
Thu 30 Jul (after close): AAPL and AMZN earnings.
Note: a cluster of mega-cap and semi names report through the week - expect single-stock gaps to steer index direction. Manage size into prints.


Report: 24 July 2026 22:00 GMT - Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 (NAS100) Daily Technical Analysis - 23 July 2026
Data: Close 23 Jul 2026 | NAS100: 28,454.81 | Change: -580.66 (-2.00%) | Range: 28,274.52 - 28,726.62



Market Overview
The NAS100 closed sharply lower at 28,454.81, shedding 580.66 points (-2.00%) in a broad risk-off session. Selling was led by two heavyweight earnings reactions - Alphabet -7.1% and Tesla -14.5% - compounded by a surge in oil prices on renewed Middle East tension. The index printed its low at 28,274.52 and closed near the bottom of the day's 452-point range, a weak close. Breadth was firmly negative: 34 of the 40 tracked constituents finished red. VIX 18.62 (elevated but not panic). Bias: bearish short term, pullback within a still-intact longer-term uptrend.



Trend
EMA stack has turned defensive: price 28,455 is now below EMA20 (28,997) and below EMA50 (29,227), but remains well above EMA200 (26,622), roughly +6.9% clear of the long-term line. That is a classic Stage-3 / pullback configuration - short-term structure broken, primary trend not yet. EMA20 has rolled below EMA50, an early bearish near-term cross. A daily close back above 28,997 is needed to repair the short-term damage; failure to reclaim it keeps sellers in control.



Indicators
RSI(14) 41.73 - bearish sub-50 but not yet oversold, room to fall before exhaustion. MACD firmly bearish: line -184.23 below signal -74.50 with the histogram deepening to -109.73, momentum accelerating to the downside. Volume ran heavy on the decline (1.44B vs 1.42B average; profile Down 3.46B vs Up 3.14B) - distribution, not a quiet drift lower. No bullish divergence yet on the index.



Key Index Levels
Resistance: R1 28,696 . today's high 28,726 . 29,000 round / EMA20 28,997 . R2 28,937 . EMA50 29,227
Support: S1 28,244 / today's low 28,275 . 28,000 round . S2 28,033 . then a large air-pocket down to EMA200 26,622
Classic pivots (from today): S2 28,033 . S1 28,244 . P 28,485 . R1 28,696 . R2 28,937



Component Signals - All 40
Mega-cap Tech
AAPL 321.66 (-1.30%) | Bull (>all EMAs) | RSI 58 (bull) | MACD bull | -4.0% vs 52wH | >POC
MSFT 381.58 (-2.24%) | Bear (<all EMAs) | RSI 45 (bear) | MACD bull | -31.3% vs 52wH | <POC
NVDA 208.76 (-1.55%) | Bull (>all EMAs) | RSI 53 (bull) | MACD bull | -11.7% vs 52wH | <POC
AMZN 233.66 (-4.57%) | Bear (<all EMAs) | RSI 39 (bear) | MACD bear | -16.1% vs 52wH | <POC
META 606.1 (-3.36%) | Bear (<all EMAs) | RSI 46 (bear) | MACD bear | -23.9% vs 52wH | <POC
GOOGL 317.69 (-7.13%) | Bear (<all EMAs) | RSI 31 (bear) | MACD bear | -22.3% vs 52wH | <POC
AVGO 392.34 (-1.13%) | Bull (>all EMAs) | RSI 52 (bull) | MACD bull | -20.7% vs 52wH | <POC
TSLA 319.69 (-14.52%) | Bear (<all EMAs) | RSI 29 (OS) | MACD bear | -35.9% vs 52wH | <POC

Semiconductors
AMD 539.69 (-2.29%) | Bull (>all EMAs) | RSI 54 (bull) | MACD bear | -7.7% vs 52wH | >POC
QCOM 171.11 (-2.57%) | Bear (<all EMAs) | RSI 39 (bear) | MACD bear | -34.2% vs 52wH | <POC
TXN 284.99 (-3.13%) | Bear (<20/50, >200) | RSI 44 (bear) | MACD bear | -14.7% vs 52wH | <POC
AMAT 562.8 (+1.60%) | Mixed (<20, >50, >200) | RSI 49 (bear) | MACD bear | -23.9% vs 52wH | >POC
MU 990.21 (+3.20%) | Bull (>all EMAs) | RSI 52 (bull) | MACD bear | -21.1% vs 52wH | >POC
LRCX 319.78 (+0.15%) | Bear (<20/50, >200) | RSI 44 (bear) | MACD bear | -27.1% vs 52wH | <POC
KLAC 218.73 (+1.88%) | Mixed (<20, >50, >200) | RSI 47 (bear) | MACD bear | -28.8% vs 52wH | >POC
ADI 380.2 (-1.69%) | Bear (<20/50, >200) | RSI 45 (bear) | MACD bear | -14.7% vs 52wH | <POC
MRVL 209.32 (-0.79%) | Bear (<20/50, >200) | RSI 43 (bear) | MACD bear | -36.5% vs 52wH | <POC

Software / Cloud
ADBE 212.17 (-2.83%) | Bear (<all EMAs) | RSI 42 (bear) | MACD bull | -43.6% vs 52wH | <POC
CRWD 183.42 (-2.65%) | Mixed (<20, >50, >200) | RSI 47 (bear) | MACD bear | -15.7% vs 52wH | >POC
PANW 325.63 (-2.88%) | Mixed (<20, >50, >200) | RSI 51 (bull) | MACD bear | -11.7% vs 52wH | >POC
FTNT 151.54 (-2.26%) | Mixed (<20, >50, >200) | RSI 48 (bear) | MACD bear | -11.0% vs 52wH | >POC
SNPS 373.52 (-1.08%) | Bear (<all EMAs) | RSI 26 (OS) | MACD bear | -42.7% vs 52wH | <POC
CDNS 330.46 (-1.94%) | Bear (<all EMAs) | RSI 33 (bear) | MACD bear | -20.7% vs 52wH | <POC
INTU 281.53 (-1.03%) | Bear (<all EMAs) | RSI 47 (bear) | MACD bull | -65.4% vs 52wH | <POC
WDAY 127.87 (-3.44%) | Bear (<all EMAs) | RSI 43 (bear) | MACD bear | -48.8% vs 52wH | <POC

Consumer / Internet
NFLX 68.89 (+0.53%) | Bear (<all EMAs) | RSI 34 (bear) | MACD bear | -45.6% vs 52wH | <POC
BKNG 172.83 (-2.83%) | Bear (<all EMAs) | RSI 45 (bear) | MACD bear | -25.4% vs 52wH | >POC
MELI 1798.7 (-0.03%) | Bull (>20/50, <200) | RSI 55 (bull) | MACD bear | -29.4% vs 52wH | >POC
ABNB 137.57 (-1.77%) | Bear (<20/50, >200) | RSI 40 (bear) | MACD bear | -8.8% vs 52wH | <POC
DASH 169.77 (-4.48%) | Bear (<all EMAs) | RSI 40 (bear) | MACD bear | -40.5% vs 52wH | >POC
MAR 364.47 (-1.44%) | Bear (<20/50, >200) | RSI 42 (bear) | MACD bear | -11.3% vs 52wH | <POC
ORLY 86.11 (-0.49%) | Bear (<all EMAs) | RSI 47 (bear) | MACD bull | -20.8% vs 52wH | <POC
COST 926.06 (-0.13%) | Bear (<all EMAs) | RSI 43 (bear) | MACD bull | -15.5% vs 52wH | <POC
PYPL 56 (+0.88%) | Bull (>all EMAs) | RSI 75 (OB) | MACD bull | -29.6% vs 52wH | >POC

Healthcare / Biotech
ISRG 332.02 (-2.54%) | Bear (<all EMAs) | RSI 29 (OS) | MACD bear | -45.0% vs 52wH | <POC
REGN 651.91 (+0.11%) | Bear (<all EMAs) | RSI 49 (bear) | MACD bear | -20.6% vs 52wH | >POC

Industrial / Other
LIN 506.32 (-0.46%) | Bear (<20/50, >200) | RSI 42 (bear) | MACD bear | -7.6% vs 52wH | <POC
CEG 275.6 (+0.25%) | Bull (>20/50, <200) | RSI 62 (bull) | MACD bull | -33.2% vs 52wH | >POC
CSCO 112.76 (+0.49%) | Mixed (<20, >50, >200) | RSI 46 (bear) | MACD bear | -13.5% vs 52wH | <POC
TMUS 170.42 (-10.75%) | Bear (<all EMAs) | RSI 36 (bear) | MACD bear | -34.8% vs 52wH | <POC



Top Swing Setups
AAPL - LONG
Entry: 321.66 . Stop: 309.78 . T1: 337.5 . T2: 353.34 . R:R: 2.7:1
Only mega-cap still stacked bullishly above all EMAs; RSI 58, just -4% off its 52w high and holding above POC (299). Relative-strength leader - preferred long if the index stabilises.

MU - LONG
Entry: 990.21 . Stop: 869.24 . T1: 1151.51 . T2: 1312.81 . R:R: 2.7:1
Strongest mover on the day (+3.2%), above all three EMAs and above POC (902). MACD still lagging but price leadership is clear. Wide ATR - size accordingly.

AMD - LONG
Entry: 539.69 . Stop: 484.39 . T1: 613.43 . T2: 687.17 . R:R: 2.7:1
Above all EMAs and above POC (474) despite the tape; RSI 53. Buy-the-dip candidate on any index bounce; invalidation below EMA cluster.

TSLA - LONG
Entry: 319.69 . Stop: 291.08 . T1: 357.83 . T2: 395.97 . R:R: 2.7:1
Capitulation reversal watch: -14.5% on 2.7x relative volume, RSI 29 (oversold), tagging Camarilla S4. High risk mean-reversion bounce only - not a trend trade; stop must be respected.

META - SHORT
Entry: 606.1 . Stop: 643.83 . T1: 555.8 . T2: 505.5 . R:R: 2.7:1
Broke below all EMAs on -3.4%, RSI 46 with room to fall, sitting under POC (610). Momentum short into any weak retest of 610-615.


Intraday Setups
AAPL - pivot bounce (long)
Entry: 321.4 pivot / 319.6 S1 reclaim . Stop: 319.4 (below Cam S4) . Target: 323.5 R1 . RS leader, cleanest long-side pivot structure.

TSLA - Camarilla breakdown (short)
Entry: loss of 317.3 (Cam S1) . Stop: 322.1 (Cam R1) . Target: 312.4 / 305.2 (Cam S3/S4) . Trend-day continuation while below pivot 325.85.

NVDA - Camarilla range (long)
Entry: 208.3 (Cam S1) . Stop: 206.0 (below Cam S4) . Target: 209.2 / 210.1 (Cam R1/R3) . Range-fade while holding above EMA cluster.

META - pivot rejection (short)
Entry: rejection at 605.99 pivot . Stop: 607.7 (Cam R1) . Target: 597.3 S1 . Aligns with the daily swing short.


Key Levels Dashboard - Top 5
TSLA 319.69 | Cam: S4 305.19 . S3 312.44 . S1 317.27 || R1 322.11 . R3 326.94 . R4 334.19 | Piv S1 309.58 . P 325.85 . R1 335.95 | EMA20 385.42 EMA50 395.34 EMA200 395.6 | POC 403.32 | 52wH 498.83 52wL 297.82
GOOGL 317.69 | Cam: S4 312.42 . S3 315.05 . S1 316.81 || R1 318.57 . R3 320.33 . R4 322.96 | Piv S1 313.56 . P 319.03 . R1 323.15 | EMA20 351.98 EMA50 355.97 EMA200 319.3 | POC 365.33 | 52wH 408.61 52wL 187.82
TMUS 170.42 | Cam: S4 163.65 . S3 167.03 . S1 169.29 || R1 171.55 . R3 173.81 . R4 177.19 | Piv S1 166.16 . P 174.22 . R1 178.47 | EMA20 185.26 EMA50 186.6 EMA200 200.69 | POC 185.51 | 52wH 261.56 52wL 165.66
NVDA 208.76 | Cam: S4 206.06 . S3 207.41 . S1 208.31 || R1 209.21 . R3 210.11 . R4 211.46 | Piv S1 206.19 . P 208.53 . R1 211.1 | EMA20 205.77 EMA50 205.03 EMA200 191.15 | POC 209.71 | 52wH 236.54 52wL 164.07
AAPL 321.66 | Cam: S4 319.49 . S3 320.57 . S1 321.3 || R1 322.02 . R3 322.75 . R4 323.83 | Piv S1 319.57 . P 321.44 . R1 323.52 | EMA20 316.13 EMA50 304.09 EMA200 275.81 | POC 299.35 | 52wH 334.99 52wL 201.5


Bearish Warnings
Index EMA20 has crossed below EMA50 (near-term death-cross forming) with MACD momentum accelerating lower. TSLA, ISRG, SNPS printing oversold RSI (<30) on heavy volume - stretched but knives still falling. INTU -65%, WDAY -49%, ADBE -44%, ISRG -45% and NFLX -46% all sit deep below their 52-week highs and below all EMAs - persistent institutional distribution. Watch for follow-through selling if 28,000 gives way; next real support is the EMA200 at 26,622, a ~6% gap.



Events Calendar
Mega-cap earnings season is at its peak - several NAS100 heavyweights (AAPL, AMZN, META among them) report late Jul / early Aug; expect elevated single-name gap risk. Fri 24 Jul brings AXP and NEE (outside the index) plus a heavy 50-name docket. Macro focus: oil / Middle East headlines driving risk sentiment, and the run-in to the next FOMC. Manage size into known earnings dates for the 40.



Report: 24 Jul 2026 00:10 GMT . Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 Daily Technical Analysis — Tuesday 21 July 2026
Data: Close 21 Jul 2026 | NAS100: 29,155.18 | Change: +550.94 (+1.93%) | Range: 28,891.07 - 29,192.29



MARKET OVERVIEW
NAS100 snapped a three-day losing streak with a +1.93% surge to 29,155.18, its best session in weeks. The index opened firm at 29,059, printed a low of 28,891 early and drove to 29,192 before settling just under the highs. Semiconductors did the heavy lifting: MU +12.2%, AMD +8.1%, AMAT +7.4% and MRVL +6.7% as investors looked past the escalating US-Iran conflict and rotated into chips ahead of a pivotal earnings week. NVDA added +2.0% after revealing a stake in neocloud provider Nebius. Breadth inside our 40-stock universe was narrow for such a strong index day: 21 advancers vs 19 decliners — the gain was concentrated in semis while software (WDAY -4.1%, CRWD -3.7%, ADBE -3.2%) bled. VIX collapsed -8.6% to 17.05. Bias: constructive short-term bounce off the 28,900/EMA50 zone, but this remains a rally inside a four-week correction from the 30,660 closing high until 29,330-29,500 is reclaimed. Alphabet and Tesla report tomorrow after the close — the key catalyst risk of the week.



TREND
The daily EMA stack is mixed: close 29,155 sits below EMA20 (29,328) but above EMA50 (29,020) — reclaimed today after Monday closed beneath it — and comfortably above EMA200 (approx 26,580). Structure: lower highs since the 30,660 closing peak (mid-June), with buyers twice defending the 28,500-28,600 demand zone (last week's low 28,508, Fri/Mon closes 28,592/28,604). Phase: correction within a primary uptrend — a Stage 2 pullback attempting to base. A daily close above EMA20 at 29,328 would put the recovery in control; failure back under 28,890 keeps the corrective sequence alive.



INDICATORS
RSI(14) sits at 48.1 — recovering from the low-40s but still below the 50 midline; no divergence of note as price and RSI both made higher lows versus last week. MACD remains negative at -128.8 with signal at -24.7 (histogram -104) — momentum has not yet confirmed the bounce; a bullish histogram inflection would be the first tell. Index volume was 1.24bn vs 1.16bn Monday — decent but not capitulation-reversal volume, and component relative volume was subdued (35 of 40 names traded below 20-day average volume), so conviction behind the bounce is moderate.



KEY INDEX LEVELS
Resistance: R1: 29,268 (classic R1 + EMA20 29,328 zone) · R2: 29,500-29,569 (round number + classic R3) · R3: 29,825-30,000 (early-July supply + psychological 30,000)
Support: S1: 29,020 (EMA50) - 28,967 (classic S1) · S2: 28,778 (classic S2) - 28,891 (today's low) · S3: 28,500-28,600 (twice-defended demand zone)
Classic pivots: S2 28,778 · S1 28,967 · P 29,080 · R1 29,268 · R2 29,381
Round numbers: 29,000 · 29,500 · 30,000



COMPONENT SIGNALS — ALL 40
Ticker | Trend (strict EMA 20/50/200) | RSI | MACD | vs 52wH | Day | POC
AAPL | Bull (above all) | 64 Bull | Bull | -2.2% | +0.35% | Above
ABNB | Mixed (below 20, above 50/200) | 51 Neut | Bear | -4.5% | -0.58% | Above
ADBE | Mixed (above 20, below 50/200) | 52 Neut | Bull | -39.6% | -3.23% | Below
ADI | Bear (below 20/50) | 45 Neut | Bear | -14.2% | +2.78% | Below
AMAT | Mixed (below 20, above 50/200) | 50 Neut | Bear | -23.7% | +7.39% | Above
AMD | Bull (above all) | 55 Neut | Bear | -6.9% | +8.11% | Above
AMZN | Bull (above all) | 51 Neut | Bull | -11.1% | -0.98% | Below
AVGO | Mixed (above 20/200, below 50) | 50 Neut | Bull | -21.9% | +2.21% | Below
BKNG | Bull (above 20/50, below 200) | 53 Neut | Bear | -22.6% | -0.03% | Above
CDNS | Bear (below 20/50) | 38 Bear | Bear | -17.3% | +4.46% | Below
CEG | Mixed (above 20, below 50/200) | 54 Neut | Bull | -36.5% | +3.44% | Below
COST | Bear (below all) | 44 Bear | Bull | -15.3% | -0.70% | Below
CRWD | Mixed (below 20, above 50/200) | 53 Neut | Bear | -12.1% | -3.70% | Above
CSCO | Mixed (below 20, above 50/200) | 45 Neut | Bear | -14.0% | +1.34% | Below
DASH | Bull (above all) | 57 Bull | Bear | -34.1% | -0.52% | Above
FTNT | Bull (above all) | 55 Bull | Bear | -7.2% | -1.41% | Above
GOOGL | Bear (below 20/50) | 43 Bear | Bear | -15.0% | -1.38% | Below
INTU | Mixed (above 20, below 50/200) | 52 Neut | Bull | -64.4% | -1.33% | Below
ISRG | Bear (below all) | 33 Bear | Bear | -42.0% | -0.88% | Below
KLAC | Bear (below 20/50) | 46 Neut | Bear | -29.2% | +4.80% | Below
LIN | Bear (below 20/50) | 41 Bear | Bear | -7.9% | -1.37% | Below
LRCX | Bear (below 20/50) | 45 Bear | Bear | -26.6% | +4.97% | Below
MAR | Bear (below 20/50) | 44 Bear | Bear | -10.5% | +0.24% | Below
MELI | Bull (above 20/50, below 200) | 59 Bull | Bull | -28.5% | -0.53% | Above
META | Bull (above all) | 56 Bull | Bull | -19.1% | -0.32% | Above
MRVL | Bear (below 20/50) | 43 Bear | Bear | -37.0% | +6.68% | Below
MSFT | Bull (above 20/50, below 200) | 53 Neut | Bull | -28.4% | -1.13% | Below
MU | Bull (above all) | 51 Neut | Bear | -22.6% | +12.17% | Above
NFLX | Bear (below all) | 33 Bear | Bear | -45.8% | +1.58% | Below
NVDA | Bull (above all) | 52 Neut | Bull | -12.4% | +1.97% | Below
ORLY | Mixed (above 20, below 50/200) | 51 Neut | Bull | -19.1% | +4.07% | Below
PANW | Bull (above all) | 59 Bull | Bear | -7.2% | -1.87% | Above
PYPL | Bull (above all) | 76 OB | Bull | -29.7% | -1.71% | Above
QCOM | Bear (below 20/50) | 40 Bear | Bear | -33.2% | +1.87% | Below
REGN | Bull (above 20/50, below 200) | 61 Bull | Bull | -17.8% | +0.45% | Above
SNPS | Bear (below all) | 29 OS | Bear | -40.3% | +2.80% | Below
TMUS | Bull (above 20/50, below 200) | 56 Bull | Bull | -27.1% | -2.49% | Above
TSLA | Bear (below all) | 43 Bear | Bear | -24.0% | +2.53% | Below
TXN | Mixed (below 20, above 50/200) | 47 Neut | Bear | -12.8% | +2.55% | Below
WDAY | Bull (above 20/50, below 200) | 55 Bull | Bull | -43.5% | -4.11% | Above
Summary: 16 Bull / 14 Bear / 10 Mixed. All 40 EMA classifications verified programmatically (close vs each EMA) — zero mismatches.



SECTOR GROUPING
Mega-cap Tech: AAPL is the leader (above all EMAs, RSI 64, 2% off its 52w high). NVDA, AMZN and META hold above all EMAs; MSFT is repairing (above 20/50, still below 200). GOOGL (below 20/50) and TSLA (below all) are the laggards — both report or are affected by tomorrow's earnings tape. Group: constructive but split.
Semiconductors: The day's engine. Leaders NVDA, AMD, MU trade above all EMAs after today's surge; AVGO improving. But the equipment/analog tier (AMAT, LRCX, KLAC, ADI, TXN, QCOM, MRVL) bounced hard inside downtrends — big % gains, still below their 20/50 EMAs. One-day repair, not yet a trend change. EDA pair SNPS (RSI 29, oversold) and CDNS remain broken.
Software/Cloud: Weakest tape today — WDAY -4.1%, CRWD -3.7%, ADBE -3.2% as money rotated out of software into semis. Cybersecurity is the healthy corner: PANW and FTNT above all EMAs.
Consumer/Internet: Mixed. MELI and DASH firm; PYPL extended (RSI 76, overbought); NFLX is the sector casualty — below all EMAs, RSI 33, 46% off its 52w high and 5% from its 52w low. COST quietly weak below all EMAs. BKNG, ABNB, MAR, ORLY neutral-to-soft.
Healthcare/Biotech: Sharp divergence: REGN recovering well (above 20/50, RSI 61, MACD bull, above POC) while ISRG breaks down on 1.35x relative volume toward its 52w low.
Industrial/Other: LIN soft below 20/50; CEG and TMUS in repair below their 200s. No leadership here.



TOP SWING SETUPS
1. MU — LONG (breakout continuation)
+12.2% on the day, closed above all EMAs and 9% above its 60d POC (891). Momentum leader of the semi complex. Wait for the pullback — do not chase an 85-point ATR name at the highs.
Entry: 958-962 (EMA20 958.64 + Cam S2 958.66 confluence) · Stop: 929 (below classic S1 930.63 and Cam S4 934.35) · T1: 996.9 (R1) · T2: 1,063 (R3) · R:R: 1.2 at T1, 3.3 at T2
2. AMD — LONG (trend resumption)
+8.1%, reclaimed EMA20 (523., above all EMAs, 7% below the 52w high 584.73. MACD still below signal — the entry is on a controlled retest, with the 52w high as the magnet.
Entry: 528-532 (classic S1 528.64 + Cam S4 530.38) · Stop: 509 (below S2 512.85, approx 0.5 ATR) · T1: 554.2 (R1) · T2: 579.7 (R3, front-runs 52w high) · R:R: 1.1 at T1, 2.3 at T2
3. REGN — LONG (recovery with confluence)
Above 20/50 EMAs, RSI 61, MACD bullish and rising, holding above POC 648. Defensive exposure away from the tech earnings tape.
Entry: 668-670 (classic S1 668.48 + Cam S4 668.70) · Stop: 655.9 (below EMA20 656.62 and S3 656.68) · T1: 685.4 (R2) · T2: 692.1 (R3) · R:R: 1.3 at T1, 1.9 at T2
4. META — LONG (quality pullback)
Above all EMAs, MACD bullish, above POC 611. Low relative volume (0.40) means no distribution on today's -0.3% dip. Note: sensitive to GOOGL's ad-revenue read-across tomorrow night — size accordingly.
Entry: 639-640 (classic S1 639.38) · Stop: 626 (below S3 626.70 + EMA20 627.12) · T1: 652.1 (R1) · T2: 660.3 (R2) · R:R: 1.0 at T1, 1.6 at T2
5. ISRG — SHORT (distribution continuation)
Below all EMAs, RSI 33 with room to the 52w low 342.10, heavy 1.35x relative volume on a down close — institutional distribution. Short the bounce, not the hole.
Entry: 353-355 (retest of pivot 353.30) · Stop: 363.5 (above today's high 362.85) · T1: 343.8 (S1) · T2: 337.5 (S2) · R:R: 1.0 at T1, 1.7 at T2



INTRADAY SETUPS (Wednesday)
1. NVDA — Pivot bounce LONG
Entry: 206.60-206.90 (pivot 206.65 + Cam S1 206.86 stack) · Stop: 205.90 (under Cam S3 206.01) · Target: 208.14 (Cam R2), runner 209.29 (R1). Reasoning: tight pivot/Cam confluence directly below price in the market's most liquid name; POC 209.71 overhead is the natural magnet.
2. MU — Camarilla breakout LONG
Entry: 977.50 (break of Cam R1 976.90 with momentum) · Stop: 964 (back under Cam S1 964.74) · Target: 1,007 (Cam R4). Reasoning: strongest momentum in the index; day-two continuation through the Camarilla shelf targets the breakout band. High beta — half size.
3. TSLA — Camarilla range FADE
Entry: short 382.50-382.80 (Cam R3 382.80) · Stop: 385.60 (above classic R1 385.34) · Target: 377.64 (Cam S1), stretch 376.35 (Cam S2). Reasoning: still below all EMAs — bounces into the Cam band are supply. MUST be flat before the earnings release after the close.
4. AAPL — Pivot bounce LONG
Entry: 326.40-326.60 (pivot 326.52 + Cam S2 326.39) · Stop: 325.50 (under Cam S3 325.71) · Target: 328.42 (Cam R1), runner 329.77 (Cam R3). Reasoning: strongest mega-cap trend (RSI 64, 2% off 52w high); dips to the pivot cluster have been bought all month.



KEY LEVELS DASHBOARD — TOP 5
NVDA Cam: S4 204.74 · S3 206.01 · S1 206.86 || R1 207.72 · R3 208.57 · R4 209.84 | Classic: S3 200.01 · P 206.65 · R3 213.93 | EMA20/50/200: 204.76 / 204.59 / 190.76 | POC: 209.71 | Prev H/L: 208.65 / 204.01 | 52w: 236.54 / 164.07
MSFT Cam: S4 394.92 · S3 396.33 · S1 397.28 || R1 398.22 · R3 399.17 · R4 400.58 | Classic: S3 390.41 · P 398.51 · R3 405.86 | EMA20/50/200: 391.10 / 396.10 / 423.70 | POC: 400.86 | Prev H/L: 401.47 / 396.32 | 52w: 555.45 / 349.20
AAPL Cam: S4 323.68 · S3 325.71 · S1 327.06 || R1 328.42 · R3 329.77 · R4 331.80 | Classic: S3 316.06 · P 326.52 · R3 338.20 | EMA20/50/200: 314.46 / 302.46 / 274.84 | POC: 298.05 | Prev H/L: 329.60 / 322.22 | 52w: 334.99 / 201.50
AMZN Cam: S4 245.94 · S3 246.75 · S1 247.28 || R1 247.82 · R3 248.35 · R4 249.16 | Classic: S3 243.28 · P 247.77 · R3 252.04 | EMA20/50/200: 246.29 / 246.40 / 235.68 | POC: 251.44 | Prev H/L: 249.34 / 246.42 | 52w: 278.56 / 196.00
META Cam: S4 636.84 · S3 640.32 · S1 642.65 || R1 644.97 · R3 647.30 · R4 650.78 | Classic: S3 626.70 · P 647.63 · R3 664.74 | EMA20/50/200: 627.12 / 615.29 / 632.81 | POC: 611.17 | Prev H/L: 655.88 / 643.20 | 52w: 796.25 / 520.26



BEARISH WARNINGS
ISRG — the standout risk: bearish MACD below zero, below all EMAs, within 3% of its 52w low on elevated 1.35x relative volume.
NFLX — below all EMAs, 46% off its 52w high, 5% above its 52w low; today's +1.6% is noise inside a severe downtrend.
SNPS — RSI 29 oversold with bearish MACD below zero; oversold is a condition, not a signal — no long until a base forms.
PYPL — RSI 76 overbought after a 45% run off the lows; today's -1.7% on fading volume is the first crack. Tighten stops.
Bearish EMA stacks (20 below 50 below 200): ADBE, CEG, COST, INTU, ISRG, MSFT, NFLX, ORLY, REGN, SNPS, TMUS — of these, COST, CEG, INTU, ISRG, NFLX and SNPS also sit within 15% of their 52w lows.
Bearish MACD below zero: ADI, CDNS, CSCO, GOOGL, KLAC, LIN, LRCX, MAR, MRVL, MU, QCOM, TSLA, TXN — note the semi names on this list rallied hard today; momentum has not yet confirmed.
Index: MACD -128.8 below signal — today's bounce is not momentum-confirmed until the histogram turns.



EVENTS CALENDAR
Wed 22 Jul (after US close): GOOGL and TSLA Q2 earnings — the week's defining event for NAS100. Consensus for Alphabet: EPS approx 2.90 (+25% YoY) on revenue approx 116.9bn. Tesla focus: deliveries guidance, FSD/AI progress, margins. IBM also reports (sector read-across).
Thu 23 Jul (after US close): INTC Q2 — data-centre/AI roadmap and Terafab update; read-across for the whole semi complex after today's rally. Weekly jobless claims pre-market.
Wed 22 Jul (US data): Existing home sales.
Fed: FOMC blackout in effect — decision Wed 29 July, 2:00pm ET. No Fed speakers this week.
Macro risk: US-Iran conflict headlines and oil volatility remain a live overnight gap risk.



Report: 21 July 2026 22:01 GMT · Not financial advice. Always DYOR. Capital at risk.

NASDAQ 100 DAILY TECHNICAL ANALYSIS - MONDAY 20 JULY 2026
Data: Close 20 Jul 2026 · Nasdaq Composite: 25,508.07 · Change: -0.05% · S&P 500: 7,443.28 (-0.19%) · Dow: 51,839.26 (-307.16 / -0.59%)
Note on the index print: the official NDX cash close for 20 Jul was not yet published at the time of writing. Last confirmed NDX close is 28,592.66 (17 Jul, -433.11 / -1.49%). All component levels below are exact closing data for 20 Jul 2026.



MARKET OVERVIEW
A flat, defensive session. The Nasdaq Composite finished all but unchanged at 25,508.07 (-0.05%) while the Dow shed 307 points and the S&P 500 slipped 0.19% to 7,443.28. Under the surface the NAS100 was split: 18 of the 40 names advanced, 22 declined, average component change -0.09%.
Two forces cancelled each other out. Renewed US-Iran military exchanges pushed crude back toward $81/bbl and hit risk appetite, with AAPL -2.14% the single biggest drag on the mega-cap complex. Against that, a modest semiconductor recovery - MRVL +3.32%, AVGO +1.98%, MU +1.94%, AMD +1.58% - kept the index anchored.
Bias: Neutral with a defensive tilt. Breadth is negative, 22 of 40 components sit below both their 20 and 50 EMAs, and only 16 are in a clean bull structure. This is a market rotating, not trending.



TREND STRUCTURE
EMA stack (component-weighted): 16 names Bull, 22 names Bear, 2 Mixed. That is a majority-bearish stack and it is concentrated in semiconductors - only AMD holds any bullish alignment in the entire chip group.
Structure: The leadership has narrowed to a handful of names holding above all three EMAs: AAPL, META, AMZN, DASH, ABNB, FTNT, CRWD, PANW, PYPL. Nine of forty. Everything else is either repairing damage or still distributing.
Phase: Late-stage consolidation. The index is holding elevated levels while individual constituents sit an average of 24% below their 52-week highs - a wide dispersion that typically precedes a directional resolution rather than a grind.



INDICATORS
RSI(14): Component median sits in the mid-40s - neutral, no index-level extreme. The tails matter more: SNPS 22.7, CDNS 28.6, NFLX 28.7, ISRG 33.6 are oversold, and PYPL 80.9 is the only overbought reading in the index. ISRG is the notable divergence - it printed a new 52-week low at 342.10 intraday yet closed +2.24% at 353.17 on 1.65x relative volume. That is a genuine reversal candle on real participation.
MACD: 17 of 40 components have MACD above signal. The bearish majority is again chip-led - MU (-23.03 vs +5.55) has the widest negative spread in the index.
Volume: Conviction was absent. Only four names traded above their average: ISRG 1.65x, PYPL 1.18x, SNPS 1.16x, NFLX 1.14x - and three of those four are on the weak side of the tape. The advancing names moved on light volume (median rv around 0.7), which argues against reading today's chip bounce as a durable low.



KEY INDEX LEVELS
Derived from the Nasdaq Composite session and the component pivot cluster.
Resistance: 25,650 (session high area) · 25,800 (round number) · 26,000 (psychological)
Support: 25,400 (session low area) · 25,250 (20 EMA zone) · 25,000 (round number, major)
NDX reference (from 17 Jul close 28,592.66): 28,400 · 28,000 · 27,750 support; 28,800 · 29,000 · 29,250 resistance.



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

Mega-cap Tech
AAPL · 326.59 · -2.14% · Bull (above all) · RSI 63.9 Strong · MACD Bull · -2.5% from 52wH · Above POC
MSFT · 402.29 · +2.15% · Bull (above 20/50) · RSI 56.1 Bullish · MACD Bull · -27.6% from 52wH · Above POC
NVDA · 203.28 · +0.23% · Bear (below 20/50) · RSI 48.6 Neutral · MACD Bull · -14.1% from 52wH · Below POC
AMZN · 249.99 · +1.10% · Bull (above all) · RSI 54.0 Bullish · MACD Bull · -10.3% from 52wH · Below POC
META · 645.85 · -0.02% · Bull (above all) · RSI 56.8 Bullish · MACD Bull · -18.9% from 52wH · Above POC
GOOGL · 351.99 · +1.51% · Bear (below 20/50) · RSI 45.7 Neutral · MACD Bear · -13.9% from 52wH · Below POC
AVGO · 378.16 · +1.98% · Bear (below 20/50) · RSI 46.7 Neutral · MACD Bull · -23.6% from 52wH · Below POC
TSLA · 369.57 · -2.95% · Bear (below all) · RSI 39.2 Weak · MACD Bear · -25.9% from 52wH · Below POC

Semiconductors
AMD · 503.57 · +1.58% · Mixed (<20 >50 >200) · RSI 47.6 Neutral · MACD Bear · -13.9% from 52wH · Above POC
QCOM · 170.32 · -0.85% · Bear (below all) · RSI 37.4 Weak · MACD Bear · -34.5% from 52wH · Below POC
TXN · 284.07 · +0.02% · Bear (below 20/50) · RSI 43.3 Neutral · MACD Bear · -15.0% from 52wH · Below POC
AMAT · 525.70 · -0.75% · Bear (below 20/50) · RSI 43.4 Neutral · MACD Bear · -28.9% from 52wH · Below POC
MU · 865.46 · +1.94% · Bear (below 20/50) · RSI 42.5 Neutral · MACD Bear · -31.0% from 52wH · Below POC
LRCX · 306.76 · -2.09% · Bear (below 20/50) · RSI 40.8 Neutral · MACD Bear · -30.0% from 52wH · Below POC
KLAC · 207.47 · -2.48% · Bear (below 20/50) · RSI 42.4 Neutral · MACD Bear · -32.5% from 52wH · Below POC
ADI · 372.46 · -0.77% · Bear (below 20/50) · RSI 40.5 Neutral · MACD Bear · -16.5% from 52wH · Below POC
MRVL · 194.94 · +3.32% · Bear (below 20/50) · RSI 38.0 Weak · MACD Bear · -40.9% from 52wH · Below POC

Software / Cloud
ADBE · 234.74 · -1.06% · Bull (above 20/50) · RSI 58.8 Bullish · MACD Bull · -37.6% from 52wH · Above POC
INTU · 293.82 · +0.94% · Mixed (>20 <50 <200) · RSI 53.6 Bullish · MACD Bull · -63.9% from 52wH · Below POC
CSCO · 110.70 · -1.11% · Bear (below 20/50) · RSI 42.8 Neutral · MACD Bear · -15.1% from 52wH · Below POC
PANW · 348.66 · -2.79% · Bull (above all) · RSI 62.1 Strong · MACD Bear · -5.5% from 52wH · Above POC
SNPS · 378.46 · -1.51% · Bear (below all) · RSI 22.7 Oversold · MACD Bear · -41.9% from 52wH · Below POC
CDNS · 329.93 · -0.05% · Bear (below all) · RSI 28.6 Oversold · MACD Bear · -20.8% from 52wH · Below POC
CRWD · 198.49 · -2.26% · Bull (above all) · RSI 58.8 Bullish · MACD Bear · -8.7% from 52wH · Above POC
FTNT · 160.36 · -0.77% · Bull (above all) · RSI 58.2 Bullish · MACD Bear · -5.9% from 52wH · Above POC
WDAY · 147.22 · +1.69% · Bull (above 20/50) · RSI 62.4 Strong · MACD Bull · -41.1% from 52wH · Above POC

Consumer / Internet
COST · 935.80 · -0.54% · Bear (below all) · RSI 45.6 Neutral · MACD Bull · -14.7% from 52wH · Below POC
NFLX · 67.60 · -1.96% · Bear (below all) · RSI 28.7 Oversold · MACD Bear · -46.6% from 52wH · Below POC
BKNG · 179.45 · -1.23% · Bull (above 20/50) · RSI 53.4 Bullish · MACD Bear · -22.6% from 52wH · Above POC
MELI · 1832.42 · +1.02% · Bull (above 20/50) · RSI 60.4 Strong · MACD Bull · -28.1% from 52wH · Above POC
MAR · 366.93 · +0.19% · Bear (below 20/50) · RSI 43.4 Neutral · MACD Bear · -10.7% from 52wH · Below POC
ABNB · 144.94 · -0.71% · Bull (above all) · RSI 52.2 Bullish · MACD Bear · -3.9% from 52wH · Above POC
DASH · 189.02 · +2.65% · Bull (above all) · RSI 58.2 Bullish · MACD Bear · -33.8% from 52wH · Above POC
PYPL · 56.82 · +0.46% · Bull (above all) · RSI 80.9 Overbought · MACD Bull · -28.5% from 52wH · Above POC
ORLY · 84.53 · -1.77% · Bear (below all) · RSI 43.3 Neutral · MACD Bear · -22.2% from 52wH · Below POC

Healthcare / Biotech
ISRG · 353.17 · +2.24% · Bear (below all) · RSI 33.6 Weak · MACD Bear · -41.5% from 52wH · Below POC
REGN · 672.15 · -0.67% · Bull (above 20/50) · RSI 59.5 Bullish · MACD Bull · -18.1% from 52wH · Above POC

Industrial / Other
LIN · 512.05 · -0.23% · Bear (below 20/50) · RSI 44.7 Neutral · MACD Bear · -6.6% from 52wH · Below POC
CEG · 253.50 · +0.44% · Bear (below all) · RSI 46.8 Neutral · MACD Bull · -38.6% from 52wH · Below POC
TMUS · 195.64 · +1.67% · Bull (above 20/50) · RSI 63.2 Strong · MACD Bull · -25.2% from 52wH · Above POC


SECTOR GROUPING
Mega-cap Tech: Split. META, AMZN, AAPL hold above all three EMAs; NVDA, GOOGL, AVGO, TSLA are all below their 20 and 50 EMAs. MSFT sits above 20/50 but a long way under its 200 EMA at 423.96. The group is no longer moving as one - stock selection matters here more than it has all quarter.
Semiconductors: The weakest group in the index and the one that bounced hardest today. Eight of nine names are below both the 20 and 50 EMA; only AMD (Mixed, above 50 and 200) has any constructive alignment. MRVL is 40.9% below its 52-week high, MU 31.0%, KLAC 32.5%. Today's move is a bounce inside a downtrend until the 20 EMAs are reclaimed.
Software / Cloud: The clearest bull pocket in the index. PANW, CRWD, FTNT are all above every EMA and within 9% of 52-week highs; WDAY, ADBE are above 20/50. Offsetting that, the EDA pair SNPS (RSI 22.7) and CDNS (RSI 28.6) are in outright downtrends - a clean intra-sector divergence between security and design software.
Consumer / Internet: Mixed but improving. DASH, ABNB, PYPL are above all EMAs, MELI, BKNG above 20/50. NFLX is the outlier - below every EMA, RSI 28.7, and only 3.9% above its 52-week low at 65.08.
Healthcare / Biotech: Two names, two directions. REGN holds above 20/50; ISRG is below all EMAs and 41.5% off its high, though today's reversal off a new 52-week low on 1.65x volume is the single most interesting candle in the index.
Industrial / Other: TMUS is the standout, above 20/50 with RSI 63.2 and above its POC. LIN and CEG are both below their 20 and 50 EMAs.



TOP SWING SETUPS
1. AAPL - Long on pullback hold (highest quality setup in the index)
Above all three EMAs, RSI 63.9, above POC at 297.42, and only 2.5% off the 52-week high at 334.99. Today's -2.14% was Iran-driven index selling, not stock-specific damage, and it stopped right at the pivot.
Entry: 328.00 on reclaim of pivot 327.99 · Stop: 321.07 (Cam S4) · T1: 334.99 (52w high) · T2: 342.34 (R3) · R:R: 2.1:1
Confluence: Pivot 327.99, Cam R1 327.51 and the 8.27 ATR band all cluster at entry. POC is 29 points below - no volume overhang between here and the high.

2. FTNT - Long, breakout continuation
Above all EMAs (20 at 156.64, 50 at 141.54, 200 at 108.24), RSI 58.2, 5.9% from its 52-week high, and trading a full 27.7 points above its POC at 132.71.
Entry: 161.70 (above pivot 161.64) · Stop: 157.85 (Cam S4) · T1: 166.21 (R2) · T2: 170.35 (52w high) · R:R: 2.2:1
Confluence: Part of the strongest sector group. Stop sits below both Cam S4 and the prior session low at 160.00.

3. MSFT - Long, 20/50 EMA reclaim
Best mega-cap performer today at +2.15%, closed at 402.29 having reclaimed both the 20 EMA (390.40) and 50 EMA (396.03), and closed above POC 401.16. The 200 EMA at 423.96 is the ceiling on this trade - it is a rally into resistance, not a trend trade.
Entry: 403.60 (above Cam R1 403.53) · Stop: 394.85 (Cam S4, below the 50 EMA) · T1: 411.90 (R2) · T2: 420.63 (R3) · R:R: 1.9:1
Confluence: POC reclaim at 401.16 is the key tell - losing it invalidates the idea before the stop.

4. DASH - Long, above all EMAs with momentum
+2.65% today, above the 20 EMA (184.02), 50 EMA (176.24) and 200 EMA (186.43), RSI 58.2, and 19.6 points clear of POC at 169.40.
Entry: 189.71 (Cam R1) · Stop: 183.90 (below Cam S4 and the 200 EMA) · T1: 195.76 (R2) · T2: 199.97 (R3) · R:R: 1.8:1
Confluence: The 200 EMA at 186.43 has flipped from resistance to support - that flip is the trade.

5. TSLA - Short, below all EMAs into earnings
Worst performer in the index at -2.95%, below the 20 (395.87), 50 (400.25) and 200 EMA (396.76), RSI 39.2, and 35 points below POC at 404.76. Earnings are Wednesday 22 July after the close - this setup must be flat or hedged before then.
Entry: 368.00 (loss of Cam S1 368.00) · Stop: 375.20 (pivot) · T1: 358.02 (S2) · T2: 346.62 (S3) · R:R: 3.0:1
Confluence: Best raw R:R in the index, but event risk caps the holding period to two sessions.



INTRADAY SETUPS
1. NVDA - Pivot bounce long
Direction: Long · Entry: 201.13 (S1) · Stop: 198.97 (S2) · Target: 204.43 (pivot) · R:R: 1.5:1
Tight 5.46-point range on 0.63x volume. S1 at 201.13 sits just under the 20 and 50 EMAs (204.49 / 204.48) which are stacked almost exactly on the pivot - a clean magnet for a bounce.

2. META - Camarilla range buy
Direction: Long · Entry: 641.10 (Cam S3) · Stop: 636.34 (Cam S4) · Target: 647.43 (Cam R1) · R:R: 1.3:1
Classic Cam S3-R1 rotation setup: closed flat at 645.85, right on the 645.05 pivot, above all EMAs, with the lowest relative volume in the index (0.50x). Low volume plus a pivot close is the textbook range-day profile.

3. AMZN - Camarilla breakout long
Direction: Long · Entry: 252.68 (above Cam R4) · Stop: 250.44 (Cam R1) · Target: 255.18 (R2) · R:R: 1.1:1
Cam R4 at 252.68 sits fractionally under the session high at 252.89 and just above POC at 251.54. Reclaiming POC and breaking R4 in the same move is the trigger - below 251.54 do not take it.

4. AVGO - Camarilla range fade short
Direction: Short · Entry: 380.26 (Cam R3) · Stop: 382.36 (Cam R4) · Target: 376.06 (Cam S3) · R:R: 2.0:1
Up 1.98% today but still below the 20 EMA (384.43) and 50 EMA (389.32), and 27 points under POC at 404.99. The overhead EMA cluster caps the bounce - fade into it.

5. GOOGL - Pivot bounce long
Direction: Long · Entry: 351.15 (Cam S1) · Stop: 346.95 (Cam S4) · Target: 354.06 (pivot), then 357.61 (R1) · R:R: 1.6:1
Closed +1.51% at 351.99 but still under the 20 EMA (358.04) and 50 EMA (358.62), which sit almost on top of each other - that is the fade zone. Take the bounce to the pivot, do not hold into 358.


KEY LEVELS DASHBOARD - TOP 5 BY WEIGHT

AAPL - 326.59
Cam: S4 321.07 · S3 323.83 · S1 325.67 || R1 327.51 · R3 329.35 · R4 332.11
Classic: S3 312.25 · S2 317.96 · S1 322.28 || P 327.99 || R1 332.31 · R2 338.02 · R3 342.34
EMAs: 20 313.06 · 50 301.42 · 200 274.31 · POC 297.42
Prev H/L: 333.71 / 323.68 · 52w H/L: 334.99 / 201.5 · ATR14 8.27

MSFT - 402.29
Cam: S4 394.85 · S3 398.57 · S1 401.05 || R1 403.53 · R3 406.01 · R4 409.73
Classic: S3 380.04 · S2 384.84 · S1 393.57 || P 398.37 || R1 407.1 · R2 411.9 · R3 420.63
EMAs: 20 390.4 · 50 396.03 · 200 423.96 · POC 401.16
Prev H/L: 403.18 / 389.65 · 52w H/L: 555.45 / 349.2 · ATR14 12.2

NVDA - 203.28
Cam: S4 200.28 · S3 201.78 · S1 202.78 || R1 203.78 · R3 204.78 · R4 206.28
Classic: S3 195.67 · S2 198.97 · S1 201.13 || P 204.43 || R1 206.59 · R2 209.89 · R3 212.05
EMAs: 20 204.49 · 50 204.48 · 200 190.6 · POC 209.64
Prev H/L: 207.74 / 202.28 · 52w H/L: 236.54 / 164.07 · ATR14 7.34

AMZN - 249.99
Cam: S4 247.3 · S3 248.65 · S1 249.54 || R1 250.44 · R3 251.33 · R4 252.68
Classic: S3 242.81 · S2 245.4 · S1 247.7 || P 250.29 || R1 252.59 · R2 255.18 · R3 257.48
EMAs: 20 246.16 · 50 246.36 · 200 235.56 · POC 251.54
Prev H/L: 252.89 / 248 · 52w H/L: 278.56 / 196 · ATR14 7.45

META - 645.85
Cam: S4 636.34 · S3 641.1 · S1 644.27 || R1 647.43 · R3 650.6 · R4 655.36
Classic: S3 619.52 · S2 627.76 · S1 636.81 || P 645.05 || R1 654.1 · R2 662.34 · R3 671.39
EMAs: 20 625.36 · 50 614.13 · 200 632.7 · POC 611.21
Prev H/L: 653.3 / 636.01 · 52w H/L: 796.25 / 520.26 · ATR14 25.69



BEARISH WARNINGS
SNPS - RSI 22.7, deeply oversold and still falling. Below all three EMAs (432.19 / 450.98 / 464.40), 41.9% below its 52-week high, and 91.6 points under POC at 470.06. Traded 1.16x average volume on a -1.51% day. The 52-week low at 366.00 is only 3.3% away. Oversold is not a buy signal in a structure this broken.
NFLX - 3.9% above its 52-week low. Closed 67.60 against a 52-week low of 65.08, below all EMAs (74.24 / 79.28 / 90.87), RSI 28.7, MACD bearish, 1.14x volume on a -1.96% day. Distribution, not accumulation.
CDNS - RSI 28.6, below all EMAs. The second half of the EDA software breakdown alongside SNPS. When both design-software names break together it is a sector signal, not two coincidences.
ISRG - new 52-week low printed today at 342.10. It closed +2.24% off that low on 1.65x volume, which is constructive, but the stock remains below every EMA and 41.5% below its high. Treat the reversal as a bounce candidate only, and only above 358.13 (R1).
MU - widest bearish MACD spread in the index (-23.03 against a +5.55 signal) despite closing +1.94%. Price at 865.46 is 91.9 points below the 20 EMA at 957.36 and below POC at 885.24. The 83.17 ATR means position sizes here need to be roughly a quarter of a normal chip position.
TSLA - below all EMAs into Wednesday's earnings with RSI 39.2 and price 35 points below POC. The worst structure of any mega-cap going into a binary event.
PYPL - RSI 80.9, the only overbought reading in the index. It is above all EMAs and structurally healthy, but 1.18x volume on a +0.46% day at this RSI is a stalling signature. Chasing here is poor risk.
Semiconductor structure overall: eight of nine chip names below both their 20 and 50 EMAs. Today's group bounce came on below-average volume in every case (rv 0.55-0.82). Nothing has been repaired yet.



EVENTS CALENDAR
Tuesday 21 July: Heavy general earnings day (73 reports) but light for NAS100 constituents. Novartis, 3M and Halliburton headline outside the index.
Wednesday 22 July: The key session. GOOGL and TSLA both report after the close, alongside TXN and Philip Morris. Three NAS100 components in one evening - expect index-level gap risk into Thursday. Alphabet consensus is around $2.90 EPS on roughly $116.9bn revenue (+21.3% YoY). Tesla will be judged on deliveries, Robotaxi and the AI roadmap.
Thursday 23 July: INTC reports. ECB interest rate decision - a euro/rates event that has spilled into US tech pricing repeatedly this year.
Friday 24 July: Flash July manufacturing and services PMIs for the US, Eurozone and Japan - the first read on Q3 global activity.
Ongoing: US-Iran military exchanges remain the dominant macro variable. Crude near $81/bbl is the live transmission channel into tech multiples. No FOMC meeting this week.



Verification note: all 40 EMA trend classifications in this report were checked programmatically against closing price versus each of the 20, 50 and 200 EMAs. Zero mismatches.

Report: 20 July 2026 22:00 GMT · Not financial advice. Always DYOR. Capital at risk.