NAS100 NDX Technical Analysis: The Nasdaq 100 Index is witnessing strong bearish trading during the current session, recording a high of 19,928.66 points and a low of 19,650.07 points, currently stabilizing around 19,749.97 points. This performance reflects the dominance of sellers amid concerns about slowing economic growth and declining profits of major technology companies.
NAS100 NDX Technical Analysis: Technical Analysis
Moving Averages Indicate Selling Dominance:
- The index is trading below its moving average, confirming the continuation of the downward trend in the medium term.
MACD Indicator Reinforces the Bearish Scenario:
- The MACD indicator is showing clear negative signals, trading below the zero line and the signal line diverging from the main line.
- The weakness in recent momentum indicates the possibility of a limited corrective rebound before the decline resumes.
- Any convergence in the MACD lines may signal an upward correction.
NAS100 NDX Trading Strategy Today
Bearish Scenario (Most Likely):
- Sell Entry: When the 19,689.87 level is breached
- Targets: 19,550.78 ← 19,610.27
- Stop Loss: Above 19,830.98
Bullish Rebound Scenario (Temporary Correction):
- Buy Entry: When the indicator rebounds from 19,830.98
- Targets: 19,920.15 ← 19,881.63
- Stop Loss: Below 19,689.87
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 19830.98 | 19689.87 |
| Target Point 1 (TP1) | First resistance: 19881.63 | First support: 19610.27 |
| Target Point 2 (TP2) | Second resistance: 19920.15 | Second support: 19550.78 |
| Stop Loss (SL) | 19689.87 | 19830.98 |
The Nasdaq 100 remains under strong selling pressure, supported by a close below its moving averages and negative MACD signals. However, the current weak momentum could open the door for a limited correction towards 19,689.87 before resuming the decline.
