NASDAQ 100 (NAS100) is in a Downward Correction, Faces Rejection at Level 14000

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


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

NASDAQ 100 (NAS100) Long-term Trend: Bullish
NASDAQ 100 has fallen to level 13500 as bears continue to threaten to short. In April, the bulls faced rejection at level 14000 as the index resumed downward. In February, the index faces similar rejection as the market declined to level 12250. Meanwhile, on April 19, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that the market will rise to level 1.618 extension or the high of level 14973.97.

NAS100 – Daily Chart

Daily Chart Indicators Reading:
NAS100 is at level 50 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 below level 14000.

NASDAQ 100 (NAS100) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways trend. Presently, NAS100 is falling after rejection from the high of level 13800. The selling pressure may extend to the low of level 13400. On the other hand, if price finds support above the 21-day SMA, the bullish momentum will resume.

NAS100 – 4 Hour Chart

4-hour Chart Indicators Reading
NAS100 is above the 80% range of the daily stochastic. It indicates that the index has reached the overbought region of the market. The stochastic bands are sloping downward indicating a possible downward move. The moving averages are sloping downward.

General Outlook for NASDAQ 100 (NAS100)
NAS100 index is falling after rejection at level 13800 as price reaches the low of level 13662.20. The upward move will resume if price breaks above level 13900. The current selling pressure may extend to level 13600.


You can purchase crypto coins here: Buy Coins

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

Your email address will not be published. Required fields are marked *