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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 2 April 2019

2019-04-02 09:11 am | Resource: Technical Analysis | No Views : 237

We offer you the analysis of the NASDAQ 100 index on Thursday, April 2, 2019 with the most important forecasts for the NASDAQ 100 index in the US market.
Time frame Used - four hours
The NASDAQ 100 is moving in a bullish direction in the near term.
NASDAQ100 CHART
The NASDAQ 100 was unable to hit the 7505 level as the NASDAQ 100 faced resistance and selling pressure around the 7484 level and We also note that prices were unable to touch the upper boundary of the Bollinger’s.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.
Therefore, we expect that the NASDAQ 100 will drop to 7380 – 7350 levels again, and this scenario fails in case of stabilize above level of  7484.
The alternative scenario is that the NASDAQ 100 retest levels of 7505.
 Resistance: 7484 - 7505 - 7560
Support: 7380 - 7350 - 7327
Direction: Up
 Technical Analysis
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