FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 30 2024.

On the 4 hour chart of Nasdaq 100 Index, it is detected that there is a hidden deviation between its price movement with Stochastic Oscillator where this things gives the clue that in the near future #NDX has the potential to corrected downward from its Bullish bias which is currently taking place and in the near future #NDX is trying to break down below level 18701.0 where if this level is successfully penetrated below then level 18548.2 will be the next target to be aimed at and if the momentum and volatility are supportive then level 18457.4 will be the next target to be aimed at will be aimed at, but all of these weakening correction scenarios will automatically cancel if on the way #NDX suddenly turns back to its initial bias (Bull), especially if it succeeds in breaking above level 18953.9.

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