. NASDAQ 100 Technical Analysis - 15 September

NASDAQ 100 Technical Analysis – 15 September

NASDAQ 100 Technical Analysis

NASDAQ 100 Technical Analysis: Weekly Chart

NASDAQ 100 Technical Analysis

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 11900.00 the resistance level is at 12300.00

Nasdaq 100 will trade in a down channel until there is a trend reversal. 

NASDAQ 100 Technical Analysis: Daily Chart

NASDAQ 100 Technical Analysis

In the daily charts, Nasdaq 100 was 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 12000.00 the resistance level is at 12250.00

Nasdaq 100 was traded in a down channel before there is a breakout upside.   

How to Trade Nasdaq 100 this Week:

Nasdaq 100 will follow the downtrend until its trend reversal. So, remain bearish on Nasdaq 100

TRADE SUGGESTION- SELL AT 12143.05, TAKE PROFIT AT 11900.00 AND STOP LOSS AT 12300.00

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