NASDAQ Technical Analysis 9 August 2018
2018-08-08 11:15 pm | Resource: Technical Analysis | No Views : 105
Technical Analysis
Time frame Used - four hours
The NASDAQ 100 is moving in a sideway direction in the near term

the Purchasing power has managed to control the movement of the NASDAQ 100 index to reach the main resistance level around the 7470 level where it faces resistance and selling pressure around this level.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area
Therefore, we expect that the NASDAQ 100 will drop to levels of 7404 - 7297 again
The alternative scenario is that the NASDAQ 100 breach level of above 7470 level to target the 7749 level
Resistance: 7470 - 7518 - 7600
Support: 7404 - 7297 - 7191
Direction: sideway
Technical Analysis
Stocks and indices Analysis
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The NASDAQ 100 is moving in a sideway direction in the near term

the Purchasing power has managed to control the movement of the NASDAQ 100 index to reach the main resistance level around the 7470 level where it faces resistance and selling pressure around this level.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area
Therefore, we expect that the NASDAQ 100 will drop to levels of 7404 - 7297 again
The alternative scenario is that the NASDAQ 100 breach level of above 7470 level to target the 7749 level
Resistance: 7470 - 7518 - 7600
Support: 7404 - 7297 - 7191
Direction: sideway
Technical Analysis
Stocks and indices Analysis
Bitcoin News
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