FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday December 07, 2023.

With the CCI indicator successfully broken below its three main level (100, 0, %-100) as well as the Nasdaq 100 index price movement which is below WMA 30 Shift 2 on the 4 hour chart, indicates that in the near future, #NDX has the potential to depreciated down below up to the level 15497,3. If this level successfully broken, then the level of 15108,1 will be the main target to be aimed of and level 14329,0 will be the next target if the momentum and the downward volatility supporting enough, but all the weakness scenario will cancel itself if on the way down suddenly there is an upward correction which exceed 16170,1.

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