NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an upward trend today, as it recorded its highest price so far at $20,502, and the lowest price at $20,402. Currently, the index is trading at $20,465, indicating positive momentum in the price action.
NAS100 NDX Technical Analysis: Developments and Prices
Current prices indicate that the index is trading above the moving averages, which enhances the possibility of continuing the upward trend.
Technical Analysis:
Looking at the technical indicators, we find that the MACD indicator is showing positive trading, driven by strong buying demand. These signals indicate increasing positive momentum, which enhances expectations of further price increases.
Intraday Trading:
The Nasdaq Index is expected to continue its upward trend during the day, with the possibility of testing new resistance levels. Traders are advised to monitor the $20,502 level as a key resistance level.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20553 | 20380 |
| Target Point 1 (TP1) | First resistance: 20637 | First support: 20320 |
| Target Point 2 (TP2) | Second resistance: 20692 | Second support: 20270 |
| Stop Loss (SL) | 20380 | 20553 |
The Nasdaq appears to be on an upward trajectory with clear positive signals. Traders are advised to focus on market movements and watch for opportunities arising from any trend changes.
