Nasdaq 100 Price Analysis — November 27

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.

Wall Street traded on a mixed sentiment on Wednesday as the Thanksgiving Holiday in the US drew near. Yesterday was Thanksgiving in the US, and markets across the country were closed.

Most sectors under the S&P 500 (SPX) traded lower on Wednesday, with Energy stocks and Consumer Stables leading the decline. The Nasdaq 100 (NDX) recorded a strong ascent, while the Dow Jones (DJIA) fell into a sideways pattern after hitting 30,000 for the first time on Tuesday. Meanwhile, the dollar (DXY) maintained its bearish momentum while yields eased.

In other news, the recent FOMC meeting minutes showed that the Fed was considering making adjustments to its bond-buying program. Jobless claims for the week rose higher than analysts’ estimated. Q3 GDP numbers were in line with investor expectations, while durable goods orders were better than estimated.

According to the FOMC meeting minutes, Fed policymakers discussed their asset purchase program at length, and several members are in support of decisive changes in the program. Investors were looking forward to the minutes to gain insight into Fed members’ stance on a boost to their asset purchase program, which presently has the Fed purchasing $120 billion of Treasury bonds and mortgage-backed securities every month.

NDX – 4-Hour Chart

Nasdaq 100 (NDX) Value Forecast — November 27

NDX Major Bias: Bullish

Supply Levels: 12220, 12300, and 12439.

Demand Levels: 12000, 11890, and 11770.

The NDX has performed positively over the past few days after enduring drawn-out consolidation. We expect a continuation of the bullish momentum at the reopening of US markets later today.

Already, the index is on the verge of breaking the crucial 12220 resistance (based on pre-market data). In the meantime, a sustained break below 12000 seems unlikely.

Just like the DOW, the Nasdaq 100 could break a new record in the coming days.

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 *