NASDAQ continues sharp sell-off

The NASDAQ index (cash) could not successfully breach the 200-day simple moving average (SMA) as the 8,300 resistance level stood tall.

Technical Analysis – NASDAQ 100 turns increasingly bearish

US100 21/11/2018 | EconAlerts

NASDAQ 100 stock index (US 100) hits 7-month low; turns increasingly bearish. The NASDAQ 100 stock index plunged to a 7-month low of 6439.25 yesterday as the bears continue to pull the price further below the index’s all-time high of 7701.35 set on October 1. Momentum indicators point to further weakness in the near term, […]

Technical Analysis – NASDAQ within a long-term ascending channel

NASDAQ 18/10/2018 | EconAlerts

The NASDAQ (US 100) retains within ascending channel in the long-term. The NASDAQ 100 index continues to move within the rising titled channel over the past nine months, stretching its upward pattern to a fresh record high. Looking at the very short-term, the price rebounded on the 6885 support in the previous week, climbing above the 200-day […]