FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday January 24 2024.

With the appearance of deviations between the price movement of the Nasdaq 100 index and the Stochastic Oscillator indicator on the 4-hour chart has given an indication that in the near future #NDX has the potential to weaken to the level of 17199.0 to the level of 16909.8 if the weakening momentum is strong enough but if it is on its way to the target - this target suddenly #NDX strengthens again until it breaks above level 17665.3, then the weakening scenario described previously will cancel itself.

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