The Nasdaq 100 (ND100) has experienced sharp fluctuations in recent sessions, rebounding strongly from support levels around 17,850 to test highs near 18,900 before returning and moving within a narrow sideways range. The current chart reflects attempts at market equilibrium amid confusion between buyers and sellers.
Nasdaq Live Overview
- Current price: 18,732.33
- Session high: 18,478.20
- General trend: Sideways to bullish
The index is consolidating above the support level of 18,033 after a strong rebound, but is facing technical resistance at 18,559, temporarily limiting positive momentum.
ND100 Technical Analysis | Technical Trading Signals
General trend:
- The trend remains corrective to the upside after a strong decline. • Moving averages have begun to flatten, indicating a current consolidation.
Momentum Indicators:
- MACD: Declining slightly after a strong upward wave, but still above the zero line.
- Stochastic Oscillator: Moving in the middle zone near 55, indicating neutral momentum and awaiting a new signal.
Price Analysis:
- The price is moving between clear support at 18033 and major resistance at 18559.
- The current consolidation may be a prelude to a strong upcoming move, whether upward or downward.
Nasdaq 100 Index Forecast | Upcoming Trading Scenarios
Positive Scenario:
If the price succeeds in breaking the resistance at 18569.87, we may witness an upward move towards 18812.50 as the next target.
Negative Scenario:
If the price breaks 18033.54, selling pressure may return, targeting the 17854.76 area and possibly lower.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 18569.87 | 18033.54 |
| Target Point 1 (TP1) | First resistance: 18812.50 | First support: 17854.76 |
| Target Point 2 (TP2) | Second resistance: 19400.44 | Second support: 17825.97 |
| Stop Loss (SL) | 18033.54 | 18569.87 |
The Nasdaq is currently trading in a range between critical levels, making it an ideal environment for short-term trading opportunities on breakouts or retracements. Cautious traders are advised to wait for the price to break out of this range to confirm the next trend.
