NAS100 NDX Technical Analysis: The Nasdaq Index continues its downward path, but some weakness has appeared in today’s trading. During the beginning of this week, the index recorded a high of $18,669 and a low of $18,533, and is currently trading at $18,656. Despite the current declines, the markets are closely monitoring the changes in technical indicators.
NAS100 NDX Technical Analysis:Technical Analysis
- Moving Averages: The current trading above the moving averages indicates a shift in market strength, as this situation reflects the ability of prices to overcome certain resistances. However, the general trend remains bearish, as the general outlook has not completely changed to the upside yet.
- MACD Indicator: The MACD indicator shows a significant decline in selling power, which opens the door to potential positive possibilities. Although the indicator still reflects a downward trend, the weakness of selling power indicates the possibility of a correction or upward rebound, which may affect the future trend.
NAS100 NDX Technical Analysis: Today’s Forecast
Based on technical analysis, the Nasdaq is expected to continue its general downtrend, despite limited positive signals from the moving averages and the MACD. Some short-term corrective moves or bullish bounces are possible, but the main trend remains down.
NAS100 NDX Technical Analysis: Recommended Strategy
Investors are advised to focus their strategies on monitoring key resistance points and any potential turning signals. Fast and flexible strategies can be considered an opportunity to deal with potential corrective moves, while betting on a long-term trend reversal is avoided until strong signals support it.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 18806 | 18539 |
| Target Point 1 (TP1) | First resistance: 18916 | First support: 18377 |
| Target Point 2 (TP2) | Second resistance: 19000 | Second support: 18160 |
| Stop Loss (SL) | 18539 | 18806 |
The Nasdaq remains in a bearish trend with limited positive signals. Technical analysis indicates that the overall trend remains negative, despite the improvement in selling power. It is advisable to closely monitor market developments and adopt strategies that are in line with the prevailing trend to ensure effective handling of current market movements.
