Technical Analysis of Nasdaq 100 Index & Trading Suggestions

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 15,635.80 NASDAQ 100 which is near 20 days SMA as of now. There are no signs of a Bullish trend.

NASDAQ 100 is trading Below All the moving averages. RSI which is 49.46. Suggest NASDAQ 100 move in  a Negative Direction

Bears have a tight grip on  NASDAQ 100.

TRADE SIGNAL- NASDAQ 100– SELL: 14,740.50, TARGET:-14,540.30, STOP LOSS:- 14,840.55.