Nasdaq (NAS100): Nvidia $1 Trillion AI Catalyst vs FOMC Trap | Best Prop 4 U | Prop Firm Trading

0:05 Welcome back to the best bro for you trading floor. Today we are going to talk about the NASDAQ which is catching a serious bit on the back of massive fundamental headlines ahead of tomorrow's critical deformity decision which makes us think is this going to be sustained ahead of such a critical Fed right decision. First the geopolitical risk premium is starting to crack. This is what is probably supporting the NASDAQ or risk sentiment. The market is pricing in a short leave conflict as Iran reportedly gave safe passage assurances to Indian tankers in the straight of Humus as well as France and Italy have also opened talks with Iranian um well leadership that potential deescalation is acting as a relief valve for tech. But the real locker fuel came from Nvidia's GDC

0:52 conference yesterday. CEO Jensen Wang announced that the EA actually not yesterday that started yesterday. CEO Jensen Hang announced that their AI chip revenue opportunity has doubled and projected at least 1 trillion by 2027 in revenues as the industry shifts from AI training to massive scale interference. When Nvidia drops a deal of August, the NASDAQ pays attention. However, as I said before, tomorrow is emergency red decision while a hold is 100% priced in the real risk is the dot plot. The market has already pushed red card expectations all the way back to September due to the recent energydriven inflation shock. So, let's jump into the charts and see how the technicals are setting up ahead of the Fed. Now, we

1:38 started with the one hour uh chart, of course, to show you the breakout. But the real deal is back on the daily. If we look at the daily chart, price is currently struggling to push through the medium baller band. We've actually retested that level at 24,866 and also failed to extend as far as the 25k which is just shy of that technical support. Uh here there is a bullish argument. This is the second day we've bounced um ahead of closing of course uh down at 25 24,300 because you've got the first session and then the second session. Um and the uh thing is that we've closed after having a bearish leg for three days.

2:26 Okay, closing outside of the ber band. So this is an immediate rejection of that breakout and a reversal for now. This rejection of the lows just have the 25k handle is also natural especially here of the FMC meeting that's to the top side right. So the RSI is also currently just below the 50 line creating a confluence RSI below 50 and price below the 25k. If we do see a breakout to the upside, the ultimate target is the upper Ballinger band which is sitting at 25,300. Uh but then of course before we get there we have a major road block I would say at around 25,100 and then 25K as well. If

3:13 we look closer at the recent price action and let's go down to the 4 hour for that. We have had a false break below the 24K. Okay, fool's break below the 24K and a potential double bottom. Why? That's why. So, this could be considered a double bottom and notably, we've also got several attempts to the upside that failed. So we can also make two points to the top side. Instead of having puts actually let's do something much better and much more clear on the 4 hour. Let's just place

4:00 a line at the bottom and a line at the top connecting most important levels. So you've got on the one hand you've got the 2440 on the top side. I would even go as low as that. you've got 25 200 these all price um rejections are considered false breaks. Okay. So we can clearly see the Ballinger bands here are also flattening out. Okay. See the top and see the bottom. This looks a bit more healthy ahead of the FOMC since we are always expecting sideways corrections ahead of FOMC.

4:46 We are currently above the median line. However, okay, but the attempt to push towards the upper band at 24,960 960. Yeah. Was quickly rejected. There is a strong chance we see price take a step back down to the 24,570 I would say which is the candle um the bullish candle ahead of the announcement I would say and typically prices would go all the way back there if they were to return back to the low otherwise if we maintain that support then we could shoot higher but let's not forget that this entire structure since the uh February 5th bottom has been corrective.

5:33 Okay, all of this has been corrective. We are trading a highly active zone defined by these two key levels to the downside and to the upside. So a test of the top could see a full reversal to the top to the bottom if we get all the way up there after the form C and vice versa if we go all the way down here after the form C or ahead of the FM forc we could see a full reversal all the way to to the top to to the top side. So now how do you trade this on best pro for you challenge? It all comes down to tomorrow's FOMOC dot plot. Okay, so the bullish scenario is this. If the dot plot still shows one rate cut for the year, which is what it showed last time around, the market will likely rip higher targeting a breakout above 2520 and towards 2546.

6:21 Okay, so let's also place another target for that particular scenario. The bearish case, however, if the Feds get hawkish on war inflation and the dot plot shows zero rate cuts, it will be viewed as heavily hawkish and it would push NASDAQ down to test 2438 and then 2397. If that holds is a different question, but of course we're not here to gamble your funded account on predicting powels.plot. Wait for the release. Let the initial algorithm spike happen and trade the structure break once the trend is

7:06 confirmed. This is best pro for you. Trade smart, manage your risk and I'll see you in the next breakdown.