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NASDAQ Technical Analysis 9 March 2018

2018-03-09 12:55 am | Resource: Technical Analysis | No Views : 72

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

The purchasing power managed to control the movement of the NASDAQ 100 index to bounce the NASDAQ index to the level of 6938, trying to break this level to upside
And looking at the technical indicators
The RSI and the Stochastic are indicating to the continued positive performance of the indicators
Accordingly, we expect the NASDAQ100 index to test at 7000 level
The alternative scenario is to break the NASDAQ 100 index below 6799 level to drop to the level of 6642
  Resistance: 6938 - 7008 - 7041
Support: 6799 - 6735 - 6642
Direction: sideway
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