Index Trading Strategy – NASDAQ 100 Price Technical Analysis and News
16 May 2022
NASDAQ 100 Technical Analysis: Weekly Chart
In the weekly charts, NASDAQ 100 is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.
The immediate support is at 11,620 and the resistance level is at 13,300.
NASDAQ 100 is trading in a downward channel until there is a trend reversal.
NASDAQ 100 Technical Analysis: Daily Chart
In the daily charts, NASDAQ 100 is trading in a downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in selling zone which indicates bearishness. MACD is trading below zero which indicates bearishness.
The immediate support is at 11,920 and the resistance level is at 12,605.
NASDAQ 100 is trading in a downward channel until there is a trend reversal.
How to trade NASDAQ 100 this week:
NASDAQ 100 is trading in a downward channel until there is a trend reversal and the following opportunity can be taken: