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NASDAQ Technical Analysis 10 October 2018

2018-10-10 05:29 am | Resource: Technical Analysis | No Views : 265

Time frame Used - four hours
The NASDAQ 100 is moving in a sideway direction in the near term
The Nasdaq is facing 100 sell-off pressures pushing it back to level of  7324
In view of the technical indicators
Both the RSI and Stochastic are indicating to weakness of the indicators
Accordingly, we expect that the Nasdaq 100 will retreat to level of  7300 again
The alternative scenario is the NASDAQ 100 breach level of 7385 higher to target the 7517 level
  Resistance: 7385 - 7593 - 7688
Support: 7306 - 7157 - 6963
Direction: sideway
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