NAS100 NDX Technical Analysis: The Nasdaq Index is trading in a bearish trend today, recording a high of $20,291 and a low of $20,163, and is currently trading around the $20,190 level. These movements reflect the continued selling pressure in the market.
NAS100 NDX Technical Analysis: Technical Analysis
Reviewing the chart, it appears that prices are trading below the moving averages, which reinforces the strength of the downtrend. However, the MACD indicator is showing a negative trend, but it also reflects some weakness in the downtrend, which may indicate a possible upward correction in the near future.
Future Outlook
If the selling pressure continues and the index breaks the support level at $20,163, we may see further declines towards the $20,100 and $20,050 levels. On the other hand, if the index manages to surpass the resistance level at $20,291, it could reflect a shift in the trend towards the upside.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20250 | 20148 |
| Target Point 1 (TP1) | First resistance: 20283 | First support: 20096 |
| Target Point 2 (TP2) | Second resistance: 20300 | Second support: 20020 |
| Stop Loss (SL) | 20148 | 20250 |
While the Nasdaq is still in a downtrend, technical indicators are pointing to some weakness in the negative momentum. Traders should carefully monitor support and resistance levels, as they can determine market movements in the coming period, while paying attention to any economic developments that may affect the overall trend.
