Nasdaq 100 - Outlook is turning less dire at the moment

ที่อัปเดต:
Over the past few days the Nasdaq 100 Index has been experiencing volatile sessions. Currently, it trades near 14 550 USD price tag. In our opinion, the overall picture for NQ1! is turning less dire with volatility taking a dive today. We are growing increasingly bullish on the Nasdaq 100 index. However, due to quickly changing conditions in the market we continue to be very cautious.

Technical analysis - daily time frame
RSI is neutral. MACD remains in the bearish zone, however, it managed to reverse to the upside. Stochastic is bearish. DM+ and DM- are bearish. ADX continues to decline which suggests the selling pressure cooled off substantially over the past few days. Overall, the daily time frame is neutral.

Illustration 1.01
สแนปชอต
Picture above shows the daily chart of RSI of NQ1!. It also shows two trend lines with the lower one being penetrated to the upside. We will observe RSI in the following days and we will watch whether it manages to break above the upper trend line. This would be the bullish development that could mark the breakdown of bearish structure in RSI.

Technical analysis - weekly time frame
RSI and Stochastic are neutral. MACD is bearish. DM+ and DM- are bearish too. ADX continues to move sideways which suggests that the prevailing trend is neither gaining strength, nor losing it. Overall, the weekly time frame is neutral.

Support and resistance
สแนปชอต
Short-term support sits at 14 367.75 USD and short-term resistance lies at 14 585.50 USD. Support 1 sits at 14 367.75 USD. Resistance 1 can be found at 14 807.508 USD and Resistance 2 at 15 708.75 USD. Major resistance lies at 16 767.50 USD.

Please feel free to express your own ideas and thoughts in the comment section.

DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Your own due diligence is highly advised before entering trade.
การซื้อขายยังคงดำเนินอยู่
We are no longer bullish on U.S. indexes. Instead we are turning bearish and expect indices to continue lower as the FOMC approaches closer.
Chart PatternsTechnical IndicatorsNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 CFDNASDAQ 100 CFDNQNASDAQ 100 E-MINI FUTURESQQQTrend Analysis

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