FX.co ★ Technical Analysis of Daily Price Movement of Nasdaq 100 Index, Thursday July 04 2024.

Based on what appears on the daily chart of the Nasdaq 100 index, it appears that buyers are still dominating #NDX, where this can be seen in the condition of the EMA 50 which is above the EMA 200, where the Golden Cross indicates that the Bullish bias in this index is still ongoing, coupled with confirmation of the emergence of irregularities. hidden from the price movement of #NDX which is increasingly forming a Lower High but on the contrary the Stochastic Oscillator indicator is actually forming a Lower Low so based on these facts in the next few days #NDX has the potential to continue its strengthening up to level 20910.3 but if it is on its way to that level suddenly- suddenly there is a quite significant correction, especially if it breaks below the 19220.0 level, it is very likely that the ongoing strengthening in the index will be halted for the next few days.

(Disclaimer)