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NASDAQ Technical Analysis 13 September 2018

2018-09-13 05:43 am | Resource: Technical Analysis | No Views : 128

Time frame Used - four hours
The NASDAQ 100 is moving in a sideway direction in the near term
the Purchasing power managed to control the movement of the NASDAQ 100 index to reach the level of 7538 where it faces selling pressures around this level
In view of the technical indicators
Both the RSI and the Stochastic are indicating signs of recovery
Accordingly, we expect that the NASDAQ 100 will  breach the 7538 level to reach the 7614 level
The alternative scenario is that the NASDAQ 100 break level of  7402 down to target the 7308 level
  Resistance: 7538 - 7614 - 7700
Support: 7402 - 7344 - 7308
Direction: sideway
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