Nasdaq 100 broke above MA20 and the light blue downtrend line earlier. It is now challenging the orange up-channel bottom, MA50, and 23.6% retracement level. Should it recover these resistances,…
Posts tagged as “Nasdaq 100”
Nasdaq 100 found support at the blue 38.2% retracement level. It needs to recover the light blue downtrend line and MA20 to confirm the rebound. Also, more than 500 stocks…
Nasdaq 100 met resistance at the light blue downtrend line, MA20, and the orange up-channel bottom. If it cannot break through these resistances, it may need another down-leg to form…
Nasdaq 100 hit a YTD low again, closing below the 2-year orange up-channel bottom for the second day. The next major support would be at the 38.2% retracement level around…
Nasdaq 100 is bounded by MA200. It may test the 2-year orange up-channel bottom or even the January low of 13700. Patience is a virtue until those levels are successfully…
Nasdaq 100 largely bounced off the 22-month orange up-channel bottom. Nasdaq 100 may have found meaningful support, at least for the short term. Still, it may test the channel bottom…
Nasdaq 100 broke below the 1.5-year orange channel bottom and is now testing MA200 for the first time in about 2 years, reflecting that the technical aspect of it has…
Nasdaq 100 recovered the blue horizontal line and is staying above MA20, which is similar to Dec 2020. As long as it doesn’t fail MA20, the uptrend is still intact.…