Nasdaq (NAS100) Buyers Delay Regaining Confidence

Market Analysis- April 2nd 

Nasdaq (NAS100) buyers delay regaining confidence. The Nasdaq (NAS100) index has been experiencing a delay in the regain of confidence by buyers. Despite their initial struggles, the market has been consolidating above the significant level of 18205.000. In recent days, the index markets have been relatively slow, with buyers finding it challenging to gain traction. 

Nasdaq (NAS100) Key Zones

Resistance Zones: 18500.000 18200.3000
Support Zones: 17300.000 16140.000

Nasdaq (NAS100) Long Term Trend: Bullish

Since the middle of March, buyers have been struggling to regain their traction in the Nasdaq (NAS100) index. The market has been compelled to consolidate above the significant level of 18205.000. The past few days have been slow for the index markets, with buyers finding it difficult to make significant progress.
 
Throughout March, buyers seemed to have lost the will to push the market forward. Despite their initial intentions of expanding beyond the key zone of 18205.000, they were unable to sustain their momentum. While the bulls managed to lead a breakthrough, they couldn’t maintain their position after rising above the key level. As a result, the market has been struggling to make a decisive move in recent days.
 
Currently, both the bears and the bulls are in a state of standoff. The bears are not yet ready to launch a full-scale attack to change the price direction, while the bulls have been shut out for a while. The struggle between the two sides has been centered below the significant level of 18500.000. At this point, the chances of buyers wielding power in the market are relatively low.

Nasdaq (NAS100) Short-Term Trend: Bearish

Despite the delay in buyer confidence, the sellers have not fully settled yet. The Stochastic Momentum indicator, although rallying on the overbought side, suggests that sellers still have the potential to push for further drops in the market. This indicates that there may be a chance for the Nasdaq (NAS100) index to see a decline shortly.

You can purchase Lucky Block here.  Buy LBLOCK

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