NASDAQ 100 INDEX PRICE & TECHNICAL ANALYSIS – 20 JANUARY 2023
20 Jan 2023
Nasdaq 100 Index Technical Analysis: Weekly Chart
In the weekly charts, Nasdaq 100 is trading in a down channel. Nasdaq 100 is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 10600.00 the resistance level is at 11200.00
Nasdaq 100 will trade in a down channel until there is a trend reversal.
Nasdaq 100 Index Technical Analysis: Daily Chart
In the daily charts, Nasdaq 100 is trading in a down channel. Nasdaq 100 is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 10650.00 the resistance level is at 11120.00
Nasdaq 100 will trade in a down channel until there is a trend reversal.
How to Trade Nasdaq 100 Index this Week:
Nasdaq 100 will follow the downtrend until its trend reversal. So, remain bearish on Nasdaq 100.