Insights 
VT 
The Nasdaq continues to trade within a visible channel. Despite a trendline break on Friday, buying resumed, allowing a recovery by this morning with a rise in value.
Carol Harmer, a seasoned market analyst with over 39 years of experience, discusses her approach to trading the Nasdaq. She advises against trading on Fridays and wishes traders success for the week.
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A series of content updates regarding various assets mark the trading landscape. Examples include WTI stabilising above $60, USD/CAD positioning ahead of Canadian CPI data, and crypto assets like Bitcoin showing recovery signals.
Other updates discuss EUR/USD losses linked to manufacturing and construction data, GBP/USD retargeting 1.3200, and gold fluctuating around $4,000. Future predictions and speculative trading remain key features in current market discussions.
FXStreet provides regular insights into trading phenomena, yet clarifies that positions expressed are not recommendations. Errors and personal engagement with market data are openly acknowledged.
Nasdaq 100 Channel Analysis
We are seeing the Nasdaq 100 stick to a clear channel, which traders should respect. The index is finding solid support near 21,500, with resistance holding firm around the 22,800 level. Last Friday’s dip below trend was quickly bought, reinforcing the strength of this current range.
This consolidation makes sense given the economic data we’ve seen in late 2025. October’s Consumer Price Index (CPI) report showed inflation holding at 3.1%, keeping the Federal Reserve in a wait-and-see mode and preventing a major breakout. With the VIX volatility index hovering around a moderate 18, there isn’t enough fear or greed to fuel a new, sustained trend.
Looking back, this price action is a logical cool-down period after the strong, AI-driven rally that carried us through much of 2024. Markets do not move in a straight line, and this channel simply reflects a pause as investors digest those gains. We see this as a healthy development for the longer-term market structure.
For derivative traders, this environment favors strategies that profit from time decay and defined ranges. Selling iron condors or credit spreads with strikes outside of the 21,500 to 22,800 channel could be an effective way to generate income. Chasing breakouts with long calls or puts is proving to be a difficult strategy in this market.
We’ve noticed price action has been particularly unreliable toward the end of the week, possibly due to weekly options expirations. The pattern of sharp but quickly reversed moves, like we saw last Friday, is common. It is wise to avoid opening new major positions on Fridays until this pattern changes.
