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NASDAQ Daily Technical Analysis | 12 February 2018

2018-02-12 12:15 am | Resource: Technical Analysis | No Views : 82

 
Time frame Used - four hours
The NASDAQ 100 is moving in a sideway in the near-term
NASDAQ100 CHART

The NASDAQ100 ended sessions today on the rise as the purchasing power managed to control the movement of the index to reach 6424 level
And looking at the technical indicators
The RSI and Stochastic are indicating signs of recovery
Therefore we expect the index to test the level of 6489 and then the level of 6617
The alternative scenario is the further decline of the index to 6200
  Resistance: 6425 - 6489 - 6617
Support: 6285-6200-6036
Direction: sideway

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