Nasdaq 100 (NDX) Technical Analysis And Charts – 08 May 2023
08 May 2023
Nasdaq 100 (NDX) Index Technical Analysis: Weekly Chart
In the weekly charts, Nasdaq 100 (NDX) was trading in a down channel. Nasdaq 100 (NDX) is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 13000.00 the resistance level is at 13900.00
Nasdaq 100 (NDX) was traded in a down channel before there is an upside breakout.
Nasdaq 100 Index (NDX) Technical Analysis: Daily Chart
In the daily charts, Nasdaq 100 is trading in an up channel. Nasdaq 100 (NDX) is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 13000.00 the resistance level is at 13600.00
Nasdaq 100 (NDX) will trade in an up channel until there is a trend reversal.
How to Trade Nasdaq 100 (NDX) Index this Week:
Nasdaq 100 (NDX) will follow the uptrend until its trend reversal. So, remain bullish on Nasdaq 100.