The NASDAQ index continues to showcase impressive strength, and all signs suggest that the bullish momentum is far from over. Let’s break down the market structure step by step to understand why Monday (29th September 2025) is expected to extend this uptrend.
📈 Overall Market Trend
The overall trend remains strongly bullish. Price action is firmly supported by higher timeframe levels, which gives us confidence that the current rally is not just a short-term move but part of a sustained uptrend.
🔑 Key Technical Levels
- Price above Previous Year High (PYH) → This is a major bullish signal. Breaking and sustaining above PYH indicates buyers are firmly in control, with fresh money flowing into the market.
- Price above Previous Month High (PMH) → Adding further strength, the index is trading well above last month’s highs, confirming that the bullish breakout is holding steady.
When both yearly and monthly reference levels are broken to the upside, it often signals a strong continuation phase, where buyers step in aggressively on every dip.
🕒 What Happened on Friday (26th September 2025)
Friday’s intraday price action gave us more evidence of bullish dominance:
- During the session, price briefly dropped and tested the midpoint of Thursday’s range.
- Instead of collapsing, the index found support at this midpoint — a sign that buyers defended the level.
- From there, NASDAQ pushed higher and closed above the Previous Day High (PDH).
👉 This type of closing structure is a classic bullish continuation pattern. It shows that every dip is being bought and sellers are unable to push price lower for long.
🔮 Outlook for Monday (29th September 2025)
Given this setup, Monday is expected to be a bullish day:
- Strong uptrend intact across higher timeframes.
- Buyers defending key intraday levels.
- Price comfortably holding above PYH and PMH.
Unless there is a sudden external catalyst, the path of least resistance remains upside.
📊 Trading Plan Takeaways
- Bias → Bullish
- Watch for → Intraday pullbacks into support zones (like key Pivot levels) for potential buying opportunities.
- Confirmation → Sustained trade above PDH would further validate bullish momentum.
✅ In summary, NASDAQ is showing textbook bullish behavior. Higher timeframe breakouts, strong intraday defense, and a positive close on Friday all point towards another upward move as we step into the new week.
Stay disciplined, manage risk, and ride the trend while it lasts. 🚀
Cheers!!
Arup MSP
Creator of Pivot Mastery (The Practical Way to Understand Market Context)
Follow on X – https://x.com/MSP_Traders
