NASDAQ100 Index Technical Overview
- Trade Talks / Trade Wars Uncertainties
- The FED Monetary Policy Meeting And Rate Decision July
- Latest NFP and Job Reports reduce the expectations of rate cut circle. “One and done” 25bp cut may add weight on indices
NAS100 is trading 7744 as of writing.
After completing Inverse Head And Shoulders pattern at 7600, the first structural target of the pattern was hit at 7880.
Friday’s NFP added weight on indices and stock markets.
Rising Wedge is broken at 7740.
Selling pressure remains on the Index as long as it stays below 7830.
Targets: 7690 7650 7600
If it breaks below 7600, it is likely to test 7500.
Bullish Cypher at 7500 can be used as a buying opportunity
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DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
NAS100: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility