NAS100 NDX Technical Analysis: The Nasdaq 100 Index experienced a strong upward rebound after a series of continuous losses due to market pressures stemming from fears of an economic slowdown. However, it recovered with the release of US inflation data that met expectations, temporarily alleviating concerns about further monetary policy tightening by the Federal Reserve.
Moves by major technology companies (such as Microsoft and NVIDIA) played a significant role in stimulating this rebound, amid improved risk appetite and rising US stock futures during the Asian session. Technical Analysis of the NASDAQ ND100 Index: Current Trading Prices
- Current Price: 18,773 points
- Session High: 18,807 points
- Session Low: 18,718 points
Technical Analysis
General Trend: Bullish in the Short Term
After breaching key resistance levels, the index has returned to trading above previous support areas that have become pivot points, reflecting improved technical momentum.
Technical Indicators:
- Moving Averages:
o The price is currently trading above the short-term and intermediate moving averages (20, 50, and 100), a positive short-term signal.
o A clear positive crossover is in place, supporting the continuation of the uptrend.
- MACD Indicator:
The lines are in a positive crossover, confirming continued buying.
- Stochastic Indicator:
o Despite retreating from overbought areas, it still supports the idea of a continued rise as long as it remains above the 20 level.
o No strong negative crossover has yet occurred.
Expected Scenarios
- Positive Scenario:
If the price succeeds in breaking the resistance at 18,943, the index may target the 19,187 area as a turning point, with a potential breakout to the 19,500 level anticipated in the event of positive US economic data (such as unemployment claims or the consumer confidence index).
- Negative Scenario:
If the price loses support at 18,541, we may return to testing 18,271, with a possible downward reversal in the absence of positive economic catalysts or renewed concerns about interest rate hikes.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 18943.02 | 18454.24 |
| Target Point 1 (TP1) | First resistance: 19187.40 | First support: 18271.32 |
| Target Point 2 (TP2) | Second resistance: 19402.40 | Second support: 17852.55 |
| Stop Loss (SL) | 18454.24 | 18943.02 |
The Nasdaq 100 is showing positive technical signals in the short term, supported by strong momentum indicators and moving averages. However, caution remains warranted as prices approach critical resistance areas. We recommend traders follow US economic news updates, particularly labor market and inflation data, given their direct impact on Federal Reserve decisions and market movements.
