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NASDAQ Technical Analysis 11 October 2018

2018-10-11 05:48 am | Resource: Technical Analysis | No Views : 29

Time frame Used - four hours
The NASDAQ 100 is moving in a bearish direction in the near term
The bears managed to control the movement of the NASDAQ 100 index to drop to the 6923 level
In view of the technical indicators
Both the RSI and the Stochastic are indicating the arrival of indicators to the oversold area
Accordingly, we expect that the NASDAQ 100 will test level of  7078 again
The alternative scenario is that the NASDAQ 100 retreat to level of  6831
  Resistance: 6963 - 7078 - 7157
Support: 6831-6662-6532
Direction: Down
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