NSDQ100 ahead of US Employment data US Tech 100TRADENATION:USTECTradeNationAfter the US close, Apple and Amazon posted mixed results: Apple rose ~2% after-hours on a strong revenue beat ($94bn vs $89.3bn est.) and broad-based growth, especially in China — its first sales increase there in two years. Amazon fell after projecting weaker Q3 operating profits ($15.5–$20.5bn vs $19.4bn est.) and showing slower cloud growth than competitors, raising concerns over its AI strategy. These results pulled NASDAQ 100 futures down by -0.20%, as investors digested disappointing Amazon guidance despite Apple’s strength. Additional Drivers: US July Jobs Report due today may add volatility. Slower payroll growth (+75k est.) and a rise in the unemployment rate (to 4.2%) could support a dovish Fed narrative. Trump’s Global Tariff Announcement added macro uncertainty, with sharp tariff hikes on countries with trade surpluses, including a 35% hit to Canada and 39% to Switzerland. This weighs on global trade sentiment. Pharma Pressure: Trump is also targeting drugmakers on pricing. AstraZeneca hinted at unsustainability, suggesting regulatory risk may be rising for the sector. Conclusion for NASDAQ 100 Trading: The tech-heavy NASDAQ 100 faces near-term downside pressure, driven by Amazon’s weak outlook, broader macro headwinds from tariffs, and potential labor market softness. However, Apple's strong China rebound and stabilizing consumer trends (e.g., Target) offer some support. Expect choppy trade as markets await clarity from the jobs report and tariff policy impact. Key Support and Resistance Levels Resistance Level 1: 23424 Resistance Level 2: 23565 Resistance Level 3: 23720 Support Level 1: 22815 Support Level 2: 22673 Support Level 3: 22500 This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.