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Best Opportunities, Vision and Technical Analysis for The NASDAQ100 10 April 2019

2019-04-09 11:31 pm | Resource: Technical Analysis | No Views : 124

We offer you the analysis of the NASDAQ 100 index on Wednesday, April 10, 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 bears were able to dominate the NASDAQ 100 movement to the downside as the NASDAQ 100 continues to face selling pressure around the resistance level 7602.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to decline of the indicators.
Therefore, we expect that the NASDAQ 100 will retreat to 7510-7422 levels  again, and this scenario fails in case of  stabilize above level of  7602.
The alternative scenario is that the NASDAQ 100 test level of  7700.
  Resistance: 7602 - 7700 - 7750
Support: 7510 - 7422 - 7324
Direction: Up
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