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NASDAQ Technical Analysis 23 May 2018

2018-05-23 12:20 am | Resource: Technical Analysis | No Views : 42

Time frame Used - four hours
The NASDAQ 100 is moving in a sideway in the near-term
NASDAQ100 CHART
The NASDAQ is still facing resistance around level of 6951
In view of the technical indicators
Both the RSI and the Stochastic are indicating to lower indicators
Therefore we expect that the NASDAQ 100 will fall to level of 6851
The alternative scenario is that the NASDAQ 100 breach level 6951 to upside to target levels of 7010 - 7058
 Resistance: 6951 - 7010 - 7058
Support: 6851 - 6768 - 6573
Direction: sideway
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