NASDAQ 100 Technical Analysis, Forecast and Trading Signals

NASDAQ 100 Technical Analysis, Forecast and Trading Signals

Nasdaq 100 Index

NASDAQ 100 Technical Analysis: Weekly Chart

NASDAQ 100 Technical Analysis

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 currently trading below zero which indicates bearishness.

The immediate support is at 10,900 and the resistance level is at 12,600

NASDAQ 100 is trading in a downward channel until there is a trend reversal.

NASDAQ 100 Technical Analysis: Daily Chart

NASDAQ 100 Technical Analysis

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 currently trading below zero which indicates bearishness.

The immediate support is at 11,020 and the resistance level is at 11,675

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:

TRADE SUGGESTION: SELL AT 10750, TAKE PROFIT AT 9630, AND STOP-LOSS AT 11600

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