Nasdaq 100 Index Technical Analysis: Weekly Chart

In the weekly charts, Nasdaq 100 was trading in a down channel. Nasdaq 100 is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 12800.00 the resistance level is at 13900.00

Nasdaq 100 was traded in a down channel before there is an upside breakout.

Nasdaq 100 Index Technical Analysis: Daily Chart

In the daily charts, Nasdaq 100 is trading in an up channel. Nasdaq 100 is currently trading above all SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 12800.00 the resistance level is at 13600.00

Nasdaq 100 will trade in an up channel until there is a trend reversal.

How to Trade Nasdaq 100 Index this Week:

Nasdaq 100 will follow the uptrend until its trend reversal. So, remain bullish on Nasdaq 100.

TRADE SUGGESTION- BUY AT 13300.05, TAKE PROFIT AT 13900.00 AND STOP LOSS AT 12900.00.