Brief Summary
This video provides a daily review of the NASDAQ 100 (US Tech 100 on Trade Nation) for March 17, 2026. It covers the day's trading range, key levels, and price action, noting a gap up at the open, tests of the previous day's high, and a prolonged period of narrow trading. The analysis suggests a neutral day overall, with the market closely tied to the day's opening price, but with bulls maintaining a slight advantage by closing above the previous day's close. The video also identifies key levels like 25,000 and discusses the potential for a breakout later in the week.
- Market gapped up from the previous day's close but faced resistance.
- Trading remained close to the day's opening price for most of the session.
- Bulls retain a slight advantage, eyeing the 25,000 level for a potential breakout.
The video starts with an introduction to the daily review of the NASDAQ 100, traded as US Tech 100 on Trade Nation, for Tuesday, March 17, 2026. The presenter references the previous evening's discussion, noting that the market tested the high of the previous day (Friday) before moving lower. The market experienced a sell-off after a vacuum test at 3:00 PM Eastern time, which continued into the Asian session.
The market experienced a gap up from the previous day's close. The price quickly broke through the high of yesterday, which was also the high of Friday, achieving a measured move. However, this high attracted no buyers, and the market approached the 25,000 level. An initial strong bar lacked follow-through buying, leading to a test down to the day's opening price (the blue line). A second leg up occurred before bears took control, pushing the price back down to and slightly below the day's opening.
Around bars 31 and 32, a nested wedge pattern formed, presenting a buy signal similar to one seen the previous day. This led to a slight upward movement before the market entered a prolonged period of narrow trading range price action. Bar 53 is noted as important because it broke out to the top of the range after a series of inside bars, but the follow-through was minimal.
The trading day concluded with small price movements, and the market officially closed at 4:00 PM Eastern time. The day was characterized as less interesting than the previous day but shared similarities with Monday's trading pattern. The upward movement was limited to a maximum of 50 points, suggesting that selling at the top might have been a more effective strategy. Overall, the day is considered neutral, with the price closely hovering around the day's opening price.
Despite the neutral sentiment, the presenter notes that closing above the previous day's close is a win for the bulls. The market is approximately 125 points above yesterday's close, indicating that bulls are targeting the 25,000 level and beyond. Key levels mentioned include the open of the week (green line) and the low of yesterday (black line).
The presenter identifies and marks the "launch bar," which covers much of the day's range. Trading within this narrow bar was difficult, with price moving from the top to the bottom. Bears attempted to push the price below the lower pink line but were unsuccessful, leading to a retest of the high.
Looking at the daily chart, the market is back in the middle of a highly contested area. A breakout towards 25,000 is possible later in the week. While previous breakouts have been sold, bulls are aiming for higher levels, and it remains to be seen if they will succeed this week.
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Transcript
Full transcript of “Nasdaq 100 Trading Range Day – Bulls Eye 25,000 | Mar 17”. Click a timestamp to open the video at that moment. Need another video? Use the YouTube transcript generator.
0:08 Today's Tuesday, March 17, 2026. Thank you for joining. This is the daily review of NASDAQ 100 here traded as US Tech 100 on Trade Nation. So, here you have it on the 15minute bar. um today's range here and uh yesterday over here. So last night we got u a breakout and uh as I discussed last evening we just exactly uh tested high of yesterday high of the day before meaning Friday and then the market moved lower and we can see that today we have been
0:56 this was then also high of yesterday uh and we have been retesting this area the whole day. So, we saw um a sell off after this uh vacuum test uh last evening at uh at 300 p.m. uh Eastern time. We saw a sell off. It continued in the Asian session and then when uh Europe started to trade we again moved up in the pre-market to the US session.
1:42 So let's focus on what what happened today. So we had a a gap up situation. Uh we gapped up from close of yesterday. Um and as we can see we pretty fast uh actually in the first bar. Well this is 15 minutes so let me move to five minute. Here you have it. So yeah actually in the first bar bar number one strong bar we just uh we broke through high of yesterday which was also high of Friday and we just got a measured move. But as we can see, no buyers this high. We are getting close to the famous 25 25,000 level that
2:28 we have been um hovering around last week and before. But this really nice looking bar number four, it didn't have any it didn't have a follow through buying. Instead, we got a a test uh down to exactly to the open open of day up of the day is the blue line. Uh and we got a a second leg up and then bears took over for a while. Um after this first leg they managed to get it down again to uh
3:14 open of the day and a little bit below. Uh and with bar number 3132, we can see that we have um we have a veg uh we have a nested veg here and um we have a buy signal that is very similar to something that we saw yesterday. So the market moved a bit higher and we got into a prolonged period with some narrow trading uh trading range price action. We moved we had a a small breakout. We can see that this bar 53 is important because after a
4:01 series of of inside bars this bar moved um to the top of the range. It it was a breakout and we got a small follow through but actually very tiny. Right. So we moved a bit lower but also yeah very small bars towards uh the end of the the trading day and and right now the market is officially closed. It's um it's 400 p.m. in u Eastern time in New York. Um market will continue another three bars. Uh but uh yeah official part is over.
4:48 So an interesting day. Well not as interesting as yesterday but uh I think this movement uh it was interesting to see that uh it looked a lot like uh Monday, right? Um but unfortunately for the bulls the movement up here was um was small maximum uh yeah 50 points. So actually today maybe it would have been a bit easier to be a seller right at this top to uh count on a couple of legs down. uh that have been that was a little bit better today. Uh so is it a bull bay
5:35 bull day or a bad day? It's um pretty neutral day. We can see that uh where did we spend most of the time exactly around open of the day the blue line we have been like glued to the blue line for for most of the day. Still it's a win for the bulls because we are above the level we are above where we closed yesterday. Uh so we are yeah like uh right now we are 125 points above. Uh so it also means that bulls they have their eyes set on 25,000 and above
6:20 open of the week the the green line meet yesterday and here we have uh the last line uh the black line is uh low of yesterday. You should just have a quick look at the the launch bar. Let me just uh mark it. But it it's it's an arrow. Must be very narrow. But let me just see here. Always with pink. So quarter to um a quarter to two. Let me see.
7:09 This is the top. And this is a low So you can see it uh pretty much covers the the range that we have the whole day and it has it's not really um it's not a great great to trade these small bars. But you
7:56 can see we moved from the top of the of the pink bar to the low and uh but it was not possible for for bears to sell. tried several times but they could not push it really push it below the the pink line and what happens then market wants to test uh the high again but very narrow and yeah not easy to to to trade a day like this what does that mean for the daily let's have a look it means that we are back in uh in the middle of this very now very very uh
8:43 competed area. Um and it won't take a lot to to bring us up to later this week for for 20 25 uh 25,000. It would be nice to see a breakout, right? We have had it before. It was sold. Bulls, they want to go higher. Let's see if it will be this week. Yeah. Thank you for now. Thank you for joining and um see you tomorrow. Bye for now.
