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NASDAQ Technical Analysis 21 September 2018

2018-09-20 11:15 pm | Resource: Technical Analysis | No Views : 66

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
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