^NDX Today, February 8: Dip Buyers Hold 25,000; SPX Eyes 7,000 Break

Nasdaq 100 today is back above 25,000 as dip buyers defend a key pivot while the S&P 500 hovers near 7,000. With earnings updates ahead, these levels can shape risk appetite for Aussie portfolios before the ASX open. We track price, momentum, and ranges that matter for local ETFs and hedged exposures. A firm close above resistance could reset trend, while a slip below support risks a fast, two-way session. Here is our read and a simple plan for the week.

Nasdaq 100 holds 25,000 as momentum firms

Nasdaq 100 today trades near 25,075, keeping 25,000 intact. RSI at 57.89 supports a stabilising tape, while ADX at 13.58 signals no strong trend yet. The 50-day average at 25,448 sits as near-term resistance, with the 200-day at 23,707 rising beneath price. Bollinger mid-band at 25,393 and lower band at 24,840 frame the range. ATR near 310 points shows intraday swings remain active.

A close above 25,450 to 25,950 would open a retest of the 26,182 year high. Failure below 25,000 exposes 24,840, then 24,620. Expect ranges of about 300 points either side of price based on ATR. Dip buying remains a theme across US indices, as recent outlooks note persistent support on weakness source.

For Aussies, these levels drive pre-market cues for tech-heavy exposures like NDQ on the ASX. Consider whether to hedge USD, since currency moves can offset index gains in AUD terms. For short-term trades, size positions to expected range, and fade extremes near bands. Longer-term holders can add on weakness toward support, then reassess if price closes below the prior day’s low.

S&P 500 tests 7,000 into earnings

The S&P 500 sits around 6,932, above its 50-day at 6,881 and the 200-day at 6,461. RSI at 57.52 shows improving momentum, while ATR near 59 points flags contained day moves. Bollinger upper band at 6,980 and mid-band at 6,866 define near resistance and support. Breadth stabilisation would further support any push toward the round-number threshold.

A sustained break above 7,000 could draw trend-following flows and fresh highs, while repeated failures risk a range-bound week. Traders often look for a daily close above the upper band or a volume expansion to confirm. Weekly outlooks highlight how round numbers can act as magnets and inflection points source.

Australian portfolios linked to US benchmarks, like IVV on the ASX, will likely feel any shift at 7,000 first. If US momentum holds, ASX tech and healthcare often lead on the open. If the breakout stalls, defensives and energy can outperform. We also watch AUD moves around US data releases, which can change the risk-adjusted return for unhedged allocations.

Earnings season outlook and tactics

Earnings season outlook focuses on guidance, margins, and order backlogs in chips, cloud, and consumer names that dominate US indices. For Nasdaq 100 today, even modest beats can extend gains if guidance holds up. Misses on margins or cautious outlooks could weigh more than headline EPS. We also watch cash flow and capex signals that shape index-level multiple expectations.

Keep entries near support, scale into strength, and avoid chasing gaps. For traders, consider using ATR to set stops one to one and a half times the daily range beyond the trigger level. For investors, stagger buys on red days. If the index closes below 25,000 or the S&P 500 slips under its 50-day, reduce size and wait for a higher low.

Aussie investors can express views with NDQ for tech tilt or IVV for broad US exposure, with or without currency hedging. Dollar-cost averaging helps reduce timing risk around earnings. Covered calls can harvest premium in ranges, while protective puts can cap drawdowns during volatile weeks. Keep position sizes consistent and review after each major earnings cluster.

Final Thoughts

For Australian investors, two lines matter most this week. For Nasdaq 100 today, 25,000 is the pivot, with resistance at 25,450 to 25,950 and upside to the 26,182 year high if momentum broadens. For the S&P 500, 7,000 is the decision point, with 6,866 to 6,881 as immediate supports. We prefer adding on weakness near support, setting ATR-based stops, and trimming into resistance. Use ASX-listed ETFs for simple, liquid exposure and decide upfront on currency hedging. If both indices close above their bands with rising volume, lean into the move. If they fail and close below supports, cut risk and wait for the next higher low.

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The content shared by Meyka AI PTY LTD is solely for research and informational purposes.  Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.