NASDAQ 100 Technical Analysis & How To Trade NASDAQ 100

NASDAQ 100 Technical Analysis & How To Trade NASDAQ 100

Nasdaq 100 Index

NASDAQ 100 Technical Analysis: Weekly Chart

How To Trade NASDAQ 100

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 11070 and the resistance level is at 12960

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

NASDAQ 100 Technical Analysis: Daily Chart

How To Trade NASDAQ 100

In the daily charts, NASDAQ 100 is trading in an upward channel.

It is trading above MA (20) but below MA (50) and MA (100).

RSI is in buying zone which indicates bullishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 11245 and the resistance level is at 12685

NASDAQ 100 is trading in an upward 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 10730, TAKE PROFIT AT 9160, AND STOP-LOSS AT 11930

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