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Bullish Setups

Long bias confirmed by technical structure and macro catalysts

/NQ
Nasdaq 100 E-mini
BULLISHSTRONG
Entry
29,572.00
Target
30,300
Stop
27,315.50
Rationale

Weekly structure firmly bullish. Price pressing fresh highs near 29,782 pivot resistance. All MAs in bullish stack: 5D > 10D > 20D > 55D > 100D. Momentum fast. Higher highs and higher lows confirmed across all timeframes.

Catalysts
AI/tech earnings momentumFed hold keeps risk-on aliveIn-line CPI print fuels melt-up scenario
Key Level
29,782.00 (pvt resistance) → 30,300 (COLD scenario target)
/ES
S&P 500 E-mini
BULLISHMODERATE
Entry
5,948.25
Target
6,010
Stop
5,935.00
Rationale

Status quo scenario intact. Fed on hold. Equities bid in near-term. Above 200-day MA at 5,872.50 keeps long-term bias bullish. Breadth improving with tech leadership.

Catalysts
In-line CA CPI releaseCorporate earnings beat expectationsRisk-on macro tailwind
Key Level
5,960.00 (R1 pivot) → 6,010 (IN-LINE target)
NVDA
NVIDIA Corp
BULLISHSTRONG
Entry
135.50
Target
148.00
Stop
128.00
Rationale

AI infrastructure spend supercycle intact. Blackwell GPU demand exceeds supply. Data center revenue accelerating. Institutional accumulation on pullbacks. Technical breakout above 135.

Catalysts
Hyperscaler capex guidance raiseInsider buying at key levelsTechnical breakout above 135
Key Level
135.00 (breakout) → 148.00 (measured move)
QQQ
Invesco QQQ Trust
BULLISHSTRONG
Entry
492.00
Target
510.00
Stop
483.00
Rationale

Nasdaq-heavy ETF. Tech mega-caps leadership. Rate-sensitive growth stocks benefit most from Fed pause. Rising earnings revisions for Q2. All MAs stacked above price.

Catalysts
Fed rate pause extends growth stock runwayQ2 earnings revision season bullishMAs all stacked above price
Key Level
495.00 (minor resistance) → 510.00 (all-time high zone)