Market Analysis – July 9 The Nasdaq 100 has exhibited a pronounced upward trajectory, as evidenced by the recent breach of the previous swing high at 20,097.0 on the daily chart. This movement has been supported by the formation of a bullish order block at the point of the current bullish structure break. Such a […]
Market Analysis – July 2 Nasdaq 100 achieved a new all-time high in June, reaching the significant psychological price level of 20,000.0. This milestone was accompanied by indications of bullish exhaustion from the Relative Strength Index (RSI), which prompted the market to enter a correction phase. Nasdaq 100 Key Levels: Demand Levels: 19,000.0, 18,248.0, 16,955.0Supply […]
NAS100 Analysis – June 16 NAS100 begins a bearish pullback as the market becomes overbought. The moving averages (MA Cross 9, 21) are currently positioned at approximately 19,620.0 and 19,140.0, respectively. The price is trading above both moving averages, indicating a bullish trend. The Relative Strength Index (RSI) is at 70.80, which is close to […]
Market Analysis – June 13 The Nasdaq Composite Index has recently surged past 19,000, signalling a strong bullish trend. Following a decisive breakout above 18,948.0, the upward momentum briefly paused, indicated by two small bearish candles. However, the index has since regained its strength, with larger daily bullish candles propelling it toward the 20,000.0 level. […]
Tech stocks’ decline overshadowed market performance on Friday, despite positive inflation news. Tech stocks dominated market movements on Friday as most U.S. stocks rose following a report indicating stable inflation trends. However, drops in tech giants kept indexes in check. The S&P 500 slipped 0.1% in afternoon trading, potentially closing its first losing week in […]
NAS100 Analysis – May 30 Following a transient downturn in April, the NASDAQ 100 (NAS 100) has exhibited a notable recovery, with trading volumes returning to their customary levels. The downturn was characterized by an atypical spike in trading volume, contrary to what one might expect during a price decline. As the index regains its […]
NAS100 Analysis – May 19 NAS100 sets to retrace downward as price hits $18700.0 resistance. Moreover, the Stochastic Oscillator also indicates that the market is in an extremely overbought state. This further weakens the buying momentum as a pullback becomes necessary. A pullback to the downside is imminent, as the Stochastic Oscillator needs to cross […]
Market Analysis – May 13 NAS100 price recovery has kicked off since April after the sellers got exhausted as signaled by the Relative Strength Index (RSI). At 16969.0, the RSI revealed the market was oversold, this led to the bullish reversal on the daily chart. NAS100 price had to surpass the resistance level of 17864.0 […]
Market Analysis – April 29 Nasdaq has demonstrated substantial gains since the onset of the year, propelled by an upward trajectory within a bullish channel on the twenty-four-hour timeframe. However, April marked a pivotal shift in trend dynamics, resulting in the nullification of the previously established bullish channel. Key Levels for Nasdaq Demand Levels: 16995.0, […]
