NASDAQ 100 Technical Analysis: Weekly Chart
In the weekly charts, Nasdaq 100 was trading in a down channel. NASDAQ 100 is currently trading above the middle line of the Bollinger bands.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 12000.00 the resistance level is at 13500.00
Nasdaq 100 was traded in a down channel before there is an upside breakout.
NASDAQ 100 Technical Analysis: Daily Chart
In the daily charts, Nasdaq 100 is trading in an up channel. Nasdaq 100 is currently trading above the middle line of the Bollinger bands.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 13000.00 the resistance level is at 13600.00
Nasdaq 100 will trade in an up channel until a trend is reversed.
How to Trade Nasdaq 100 this Week:
Nasdaq 100 will follow the downtrend until its trend reversal. So, remain bearish on Nasdaq 100
