The Nasdaq 100 Index, which focuses on the technology sector, continues to trade in an uptrend. Currently, the index is trading at $19,542, showing strength in its performance by crossing the moving averages. This positive move reflects the continuation of the upward momentum, which reinforces expectations for additional growth.
Index Forecast:
- Moving Averages:
The Nasdaq 100 Index is trading above all moving average crossings, which reflects the continuation of the upward trend. Trading the price above these averages indicates the strength of the current trend and the possibility of continued gains, provided that there are no radical changes in economic conditions or influential events.
- MACD Indicator:
The MACD indicator shows clear buying power, which supports the continuation of the upward trend of the index. The positive momentum provided by the indicator indicates that the upward trend may continue, but it is necessary to follow the results of the US interest rate decision tomorrow, as it may have a significant impact on the market.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 19590 | 19477 |
| Target Point 1 (TP1) | First resistance: 19692 | First support: 19358 |
| Target Point 2 (TP2) | Second resistance: 19750 | Second support: 19250 |
| Stop Loss (SL) | 19477 | 19590 |
The Nasdaq 100 continues to trade in an uptrend, supported by its crossover of moving averages and the strength of momentum from the MACD indicator. With the US interest rate decision by the Federal Reserve approaching, the market is looking forward to the impact of this decision on the future performance of the index. If the decision comes in line with market expectations, the uptrend is likely to continue, while the market may witness volatility if there are surprises in monetary policy.
