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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 3 April 2019

2019-04-03 09:39 am | Resource: Technical Analysis | No Views : 261

We offer you the analysis of the NASDAQ 100 index on Wednesday, April 3, 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 managed to break through the important resistance level around the 7505 level as bulls managed to push the NASDAQ 100 index to reach the 7550 level.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.
Accordingly, we expect that the NASDAQ 100 will target 7600-7700 levels  again, and this scenario fails in case of instability  above 7505 level.
The alternative scenario is that the NASDAQ 100  is dropping to 7422 level .
  Resistance: 7560 - 7600 - 7700
Support: 7505 - 7422 - 7324
Direction: Up
 Technical Analysis
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