NASDAQ 100 Technical Analysis: Weekly Chart
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 11,470 and the resistance level is at 12,935
NASDAQ 100 is trading in a downward channel until there is a trend reversal.
NASDAQ 100 Technical Analysis: Daily Chart
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 12,250 and the resistance level is at 12,930
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:
