The Nasdaq 100 index succeeded in breaking the volatility that dominated it throughout the past week, breaking through a key resistance level at 18,900 points today and continuing its upward momentum towards higher technical levels, supported by strong buying momentum and the return of positivity in the technology sector.
Market Overview
- Current Price: 19,007 points
- General Trend: Upward (Successful Breakouts)
- Nearby Support: 18,819 – 18,700
- Next Resistance: 19,145 – 19,326
Accelerating Rise Supported by MACD Momentum
Strongly Crossing Technical Averages
Index in a Resistance Zone that Requires Confirmation
Technical Analysis of the ND100 Index
General Trend:
The Nasdaq 100 Index is moving within a strong ascending channel and has managed to break through the horizontal resistance at 18,819 and convert it into support, supporting the continuation of the positive trend in the short term.
Technical Indicators:
- MACD: Strongly positive, with a clear expansion in the histogram, indicating strengthening momentum.
- Stochastic Oscillator: In overbought areas (>90), which may herald a slight correction or price breakout.
- Moving Averages: The price is above all moving averages (20, 50, 200), a clear technical indication of the dominance of the uptrend.
Technical Outlook for Today
Positive Scenario:
If it holds above 18,900, the path will be open to testing 19,145 and then 19,326, potential resistance levels for the upside.
Negative Scenario:
If a technical correction or profit-taking occurs, the price may decline to test 18,819, with the overall trend remaining positive unless the support level of 18,700 is broken.
Trading strategies levels on Buy/Sell level
| ND100 | In case of buying | in case of selling |
| Entry point | 19145.79 | 18819.69 |
| Target Point 1 (TP1) | First resistance: 19326.01 | First support: 18708.13 |
| Target Point 2 (TP2) | Second resistance: 19521.20 | Second support: 18650.45 |
| Stop Loss (SL) | 18819.69 | 19145.79 |
The Nasdaq 100 index reflects clear buying power, supported by upward momentum and positive technical breakouts. Holding above 18,900 is key to continuing the upward trend throughout the day. Any decline will remain within the normal range of correction, provided 18,700 remains a key support area.
