NAS100 NDX Technical Analysis: Bearish Trading

NAS100 NDX Technical Analysis: The Nasdaq Index is trading in a bearish trend today, as it declined from its high of $20,230 to its low of $20,052. Currently, the index is trading at $20,130. These movements indicate a clear decline in trading activity.

NAS100 NDX Technical Analysis Technical Analysis:

Looking at the chart, we find that prices are trading below the moving averages, which reinforces the bearish trend. The MACD indicator is also showing strength in the negative direction, indicating that sellers are controlling the market and that selling pressures are continuing.

Trading Expectations:

We expect the Nasdaq Index to continue its bearish trend, with the possibility of testing the support levels at $20,052. In the event of any rebound, the index may head towards the resistance levels at $20,200.

NAS100 NDX Technical Analysis

Trading strategies levels on Buy/Sell level

ND100 In case of buying in case of selling
Entry point 20230 20078
Target Point 1 (TP1) First resistance: 20279 First support: 20006
Target Point 2 (TP2) Second resistance: 20310 Second support: 19950
Stop Loss (SL) 20078 20230

 

The outlook for the Nasdaq remains negative, with indicators supporting a downward trend. Traders should carefully monitor market developments and be prepared to react to any changes, as pressure from sellers continues.

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