Nasdaq 100 Sets up to Bounce, How Far Could it Go?

399
From a technical standpoint, the Nasdaq 100 could be eyeing near-term gains. Prices have left behind a Bullish Engulfing candlestick pattern, opening the door to an upward extension.

This also follows positive RSI divergence, which showed that downside momentum was fading.

Prices closed above the 20-day Simple Moving Average as well.

Further gains would place the focus on the early October high at 11729.

Keep a close eye on a potential falling trendline from August (red-dashed line). It could reinstate the downside focus, falling toward the February 2020 high at 9763. Otherwise, more gains could be in store toward September peaks.

NQ1!

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.