NAS100 NDX Technical Analysis: The Nasdaq Index is trading in an uptrend today, recording a high of $20,551 and a low of $20,409. Currently, the index is trading at $20,439, indicating positive momentum in the market despite some signs of weakness.
NAS100 NDX Technical Analysis: Technical Analysis
Chart analysis shows that prices are trading above the moving averages, which supports the overall uptrend. The MACD indicator is also showing a positive trend, but with a decline in the strength of the trend, which may indicate the possibility of a correction or a slight decline in prices.
Today’s Outlook
If the uptrend continues, the index is likely to face important resistance levels at $20,551. On the other hand, the support level at $20,409 should be monitored, as it may have an impact on price action in the coming hours.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 20498 | 20327 |
| Target Point 1 (TP1) | First resistance: 20564 | First support: 20280 |
| Target Point 2 (TP2) | Second resistance: 20610 | Second support: 20220 |
| Stop Loss (SL) | 20327 | 20498 |
The Nasdaq appears to maintain the potential to continue its upward trend, but with signs of weakening momentum. It is advisable to monitor the price action closely, as any break of the $20,551 level could open the way for further gains, while a break of the $20,409 level could indicate a potential correction.
