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 11,480 and the resistance level is at 13,780
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 above its previous downward channel.
It is trading above MA (20) but below MA (50) and MA (100).
RSI is in selling zone which indicates bearishness. MACD is currently trading above zero which indicates bullishness.
The immediate support is at 11,780 and the resistance level is at 12,520
NASDAQ 100 is trading above and outside its previous 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:
