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NASDAQ Technical Analysis 10 May 2018

2018-05-10 05:49 am | Resource: Technical Analysis | No Views : 98

Time frame Used - four hours
The NASDAQ 100 is moving in a up trend in the  near-term
NASDAQ100 CHART
the Purchasing power managed to control the movement of the NASDAQ 100 index to push the NASDAQ index to rebound higher to  level of 6927
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Therefore, we expect that  the NASDAQ 100 will  target  level of  6997
 The alternative scenario is that  the NASDAQ 100 retreated to levels of 6710-6643
 Resistance: 6860 - 6927 - 6997
Support: 6768 - 6710 - 6643
Direction: up
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