FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 02 2024.

With the appearance of deviations between the price movement of the Nasdaq 100 index and the Stochastic Oscillator indicator plus the condition of the MA 50 which is below the MA 200, from these two pieces of information we can know that Sellers are more dominant in #NDX and in the near future it has the potential to weaken down to level 17278.6 and if this level is successfully penetrated downwards then #NDX will continue its weakening up to level 17124.2 as the main target and 16941.6 as the next target, however if on its way to the previously mentioned target levels suddenly there will be a stronger correction especially if it succeeds in breaking upward level 17675.9 then all the weakening scenarios previously described will automatically cancel and become invalid.

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