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NASDAQ Technical Analysis 12 June 2018

2018-06-12 12:13 am | Resource: Technical Analysis | No Views : 57

Time frame Used - four hours
The NASDAQ 100 is moving in a bearish direction in the near term
NASDAQ100 CHART
The Nasdaq 100 is still facing resistance around level of 7183 to retreat downside
In view of the technical indicators
Both the RSI and the Stochastic are indicating to decline of the indicators
Accordingly, we expect that  the NASDAQ 100 will  drop to levels of  7010 - 6890
The alternative scenario is that the NASDAQ 100 break level of  7183 higher to target level of 7500
  Resistance: 7183 - 7350 - 7500
Support: 7010 - 6890 - 6850
Direction: Down
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