NASDAQ 100 Price Technical Analysis: Weekly Chart
- In the weekly charts, Nasdaq 100 is trading in a downward channel.
- Nasdaq 100 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
- Nasdaq 100 will follow a downward trend in the coming weeks.
- The Nasdaq 100 crucial support level is at 14,485.4 Nasdaq 100 which is near 20 days SMA as of now. There are no signs of a Bullish trend.
- Bears have their tight grip on Nasdaq 100.