NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, although there are some signs of weakness in this trend. The current price of the index is $20,233, and the highest price recorded today was $20,296, while the lowest price was $23,130.
NAS100 NDX Technical Analysis Technical Analysis:
Prices are trading above the moving averages, which reinforces the uptrend and reflects the current strength of the market. However, the MACD indicator shows a decline in the strength of the uptrend, indicating the possibility of volatility or correction in prices.
Today’s Trading Outlook:
Based on current data, the Nasdaq Index is expected to continue its upward path, but any signs of additional weakness that may affect the positive momentum should be monitored.
Trading strategies levels on Buy/Sell level
ND100 | In case of buying | in case of selling |
Entry point | 20289 | 20127 |
Target Point 1 (TP1) | First resistance: 20368 | First support: 20066 |
Target Point 2 (TP2) | Second resistance: 20420 | Second support: 20020 |
Stop Loss (SL) | 20127 | 20289 |
Despite the clear upward trend, some signs of weakness make it necessary to follow the technical indicators carefully. It is advisable to evaluate the effects of upcoming economic developments on the market movement.