NASDAQ Technical Analysis 21 September 2018
2018-09-20 11:15 pm | Resource: Technical Analysis | No Views : 98
Technical Analysis
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 7585 level
In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of the indicators in the overbought area
Accordingly, we expect that the NASDAQ will test levels of 7595 - 7614
The alternative scenario is that the NASDAQ 100 breach level of 7614 higher to target the 7700 level
Resistance: 7595 - 7614 - 7700
Support: 7538 - 7430 – 7402
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 managed to control the movement of the NASDAQ 100 index to reach the 7585 level
In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of the indicators in the overbought area
Accordingly, we expect that the NASDAQ will test levels of 7595 - 7614
The alternative scenario is that the NASDAQ 100 breach level of 7614 higher to target the 7700 level
Resistance: 7595 - 7614 - 7700
Support: 7538 - 7430 – 7402
Direction: sideway
Technical Analysis
Stocks and indices Analysis
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