NASDAQ 100 (NAS100) Reaches Overbought Region, Selling Pressure Soon

NASDAQ 100 (NAS100) Reaches Overbought Region, Selling Pressure Soon

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 is in an upward move. The upward move appears to reach the overbought region. The daily stochastic and the RSI are signaling that the market has reached the overbought region of the market. The index has resumed an upward move after falling to the low of level 14445. Meanwhile, on July 14 uptrend a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise but reverse at level 1.272 Fibonacci extensions or level 15417.61. The index is approaching the Fibonacci extension for a possible reversal.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has fallen to level 70 of the Relative Strength period 14. It indicates that the market has reached an overbought region for a possible reversal. In other words, sellers are likely to emerge.
The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an uptrend. The price is making a series of higher highs and higher lows. The upward movement will continue as long as the bullish trend line remains unbroken.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 80% range of the daily stochastic. The index is in the overbought region of the market. NAS100 will soon resume selling pressure as sellers are likely to emerge. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index has fallen to the overbought region. The RSI has indicated that NAS100 has no room to rally on the upside. Therefore selling pressure is likely to resume on the downside.



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NASDAQ 100 (NAS100) Declines to Level 14504.60, Uptrend Likely

NASDAQ 100 (NAS100) Declines to Level 14504.60, Uptrend Likely

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 is in an uptrend. The uptrend has been terminated at level 15000. The index has retraced to level 14536.35. Presently, the retracement has reached bearish exhaustion. According to the daily stochastic, the index has fallen to the oversold region of the market. Buyers are expected to emerge in the oversold region of the market.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has fallen to level 52 of the Relative Strength period 14. The index was earlier in the overbought region of the market. It implies that it is still in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bearish
On the 3- hour chart, the index is in a downward move. NAS100 has fallen after the rejection at the recent high. Meanwhile, on July 15 downtrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to fall to level 1.618 Fibonacci extensions or level 14553.16. From the price action, the index has tested the Fibonacci level and may continue downward move.

NAS100 – 3 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is below the 20% range of the daily stochastic. The index is in the oversold region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index has fallen to the oversold region. The selling pressure is likely to subside as price reaches the oversold region. We expect buyers to emerge in the oversold region of the market to push prices up.

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NASDAQ 100 (NAS100) Reaches Overbought Region as Sellers Emerge

NASDAQ 100 (NAS100) Reaches Overbought Region as Sellers Emerge

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NAS100 is in an uptrend. The index is still in the overbought region of the market. It is facing resistance in the overbought region of the market. The current bullish momentum is not likely to extend to level 15000. Sellers have emerged in the overbought region.

NAS100 – Daily Chart


Daily Chart Indicators Reading:
NAS100 has risen to level 70 of the Relative Strength period 14. It implies that the index is in the overbought region. NAS100 has not enough room to rally on the upside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 3- hour chart, the index is in an upward move. NAS100 is facing rejection at the recent high. Meanwhile, on June 8 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extensions or level 14882.04. From the price action, the index has tested the Fibonacci level and the market is declining.

NAS100 – 3 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 80% range of the daily stochastic. The index is in the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in the overbought region. The index has resumed its downward move. Sellers have emerged to push prices down.


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NASDAQ 100 (NAS100) Reaches the Overbought Region, May Face Rejection at Level 15000

NASDAQ 100 (NAS100) Reaches the Overbought Region, May Face Rejection at Level 15000

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an uptrend. The index is trading in the overbought region of the market. NASDAQ 100 price is making higher highs and higher lows. The bullish momentum is likely to extend to level15000. However, the index overbought condition may not hold in a strong trending market.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 72 of the Relative Strength period 14. It implies that the index is in the overbought region. NAS100 has not enough room to rally on the upside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. NASDAQ 100 is facing resistance at the recent high. Nonetheless, on June 18 uptrend a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 2.0 Fibonacci extensions or level 14485.72. From the price action, the bulls have broken the resistance at level 14600.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 80% range of the daily stochastic. The index is in the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.


General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The price has reached the overbought region of the market. The RSI period 14 and the daily stochastic have shown the overbought condition of the market. The market will rise to level 15000 and subside.


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NASDAQ 100(NAS100) Continues Uptrend but Faces Resistance at Level 14400

NASDAQ 100(NAS100) Continues Uptrend but Faces Resistance at Level 14400

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 has continued its upward move but it is yet to reach the targeted price level. The market is presently approaching the high of level 14361.88. Meanwhile, on April 16 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extension or level 14955.35.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 66 of the RSI period 14. It implies that the index is in the uptrend zone and above the centerline 50. The upward rally is likely to subside. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. The uptrend is facing a minor resistance at level 14400. Nonetheless, on June 18 uptrend a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 2.0 Fibonacci extension or level 14485.72 .

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is below the 50% range of the daily stochastic. The price action is showing bullish signals as the NAS100 resumes upward. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The index is yet to reach the targeted price level. However, the upward move is facing resistance at level 14400. The uptrend will resume once this level is breached.


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NAS100 (NAS100) Fluctuates Above Level 14000, Uptrend Likely

NAS100 (NAS100) Fluctuates Above Level 14000, Uptrend Likely

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. Buyers have broken above the resistance above level 14,000. The upward move is currently facing resistance at level 14100. Meanwhile, on April 16 uptrend a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.618 Fibonacci extension or level 14955.35. From the price action, the market is approaching the high of level 14100.

NAS100 -Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 61 of the RSI period 14. It implies that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping upward indicating the uptrend.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. NAS100 is facing resistance at level 14100. The bulls were repelled twice as price fell to the low above level 13900. Today, the bulls have broken the resistance as the market resumes upward.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NASDAQ 100 is above the 40% range of the daily stochastic. It indicates that the index is in a bullish momentum. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The bulls are still facing resistance at level 14100 as the index resumes a downward move. According to the Fibonacci tool analysis, NAS100 will reach the high of level 14955.35.


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NAS100 (NAS100) Reaches the Overbought Region, Targets Level 14460

NAS100 (NAS100) Reaches the Overbought Region, Targets Level 14460

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move and it is approaching level 14000. Buyers are yet to break above level 14000. Meanwhile, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that NAS100 is likely to rise to level 1.272 Fibonacci extension and reverse. That is the high of level 14460.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 64 of the RSI period 14. It implies that the index is in the uptrend zone and it is approaching the overbought region of the market. The index has no enough room to rally on the upside. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. Meanwhile, on June 10 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to level 1.618 Fibonacci extension or level 14102.92.

NAS100 – 4 Hour Chart

1-hour Chart Indicators Reading
NASDAQ 100 is above the 80% range of the daily stochastic. It indicates that the index is in a bullish momentum and has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The index is trading and has reached an overbought region of the market. According to the Fibonacci tool, NAS100 is likely to rise to level 1.272 Fibonacci extension but will reverse at level 14460.


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NAS100 (NAS100) Is in a Range Bound Move, Lacks Buyers at Higher Price Levels

NAS100 (NAS100) Is in a Range Bound Move, Lacks Buyers at Higher Price Levels

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. Today, buyers are struggling to break above level 14000. Since February, the bulls are yet to break the resistance at level 14000. Each time, the resistance zone is tested, the market will decline to level 13000 or 12450. The index price has broken above the moving averages suggesting a possible retest at the previous high.

NAS 100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 58 of the RSI period 14. It implies that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move. The index price is above the moving averages which indicate a further upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move approaching the overbought region. Meanwhile, on June 4 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that the index will rise and reverse at level 1.272 Fibonacci extension or level 13853.26.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. It indicates that the index is in a bullish momentum and has reached the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The index is trading below the overhead resistance at level 14000. Today, the index is facing resistance at level 13800. The selling pressure will resume as the index reaches an overbought region

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NASDAQ100 (NAS100) Fluctuates between Levels 13000 and 14000, Faces Resistance at Level 13800

NASDAQ100 (NAS100) Fluctuates between Levels 13000 and 14000, Faces Resistance at Level 13800

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
NAS100 is in an upward move. The index has been facing rejection at level 14000. The current upward move is facing resistance level 13800. In the previous price action, the bulls were resisted twice at the resistance of 14000. The index slumped to level 13000 and resumed an upward move. The index price has broken above the moving averages suggesting a further upward move.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 55 of the Relative Strength Index period 14. It indicates that the index is in the uptrend zone and above the centerline 50. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move. The index price is above the moving averages which indicates a further upward move.

NASDAQ 100 (NAS100) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an upward move. Meanwhile, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the index will rise to level 1.618 Fibonacci extension or level 13959.03.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is below the 80% range of the daily stochastic. It indicates that the index is in a bearish momentum. This is contrary to the price action as price is moving upward. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

General Outlook for NASDAQ 100 (NAS100)
The NAS100 index is in an upward move. The uptrend is facing resistance below level 13800. Since February, the market has been facing resistance at level 14000. The current uptrend will resume if the resistance is breached.


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NASDAQ 100 (100) Resumes Upward after a Bearish Double Top Formation

NASDAQ 100 (100) Resumes Upward after a Bearish Double Top Formation

Key Resistance Zones: 14000, 14100, 14200
Key Support Zones: 13400, 13300, 13200

NASDAQ 100 (NAS100) Long-term Trend: Ranging
Since February, NAS100 has been in a sideways move. The upward move is facing rejection at level 14000. On April 16 and 26, the bulls tested the resistance at level 14000 and were repelled. A bearish double top pattern was formed which caused the index to decline to level 13000. Today, the index has resumed a fresh uptrend. A retest at level 14000 is likely.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 has risen to level 49 of the Relative Strength Index period 14. It indicates that there is a balance between supply and demand. The 50-day SMA and the 21-day SMA are sloping horizontally indicating the sideways move. The index price is below the SMAs which indicates a possible fall.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is still in a sideways move. Today, the index is falling after testing the level 13600 resistance zone. Meanwhile, on May 16 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. This retracement indicates that the index will reach level 1.618 Fibonacci extension or the high of 13756.51.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
The index is below the 80% range of the daily stochastic. It indicates that the index is in a bearish momentum. The stochastic bands are sloping upward indicating a possible upward move.

General Outlook for NASDAQ 100 (NAS100)
For the past three months, the NAS100 index has been trading below level 14,000. The bulls are yet to break the resistance at level 14000. Presently, the index is rising on the upside. If price breaks above the moving averages, NAS100 will resume upward move.

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