[Nasdaq 100 Index]
With all technical indicators condition showing weakness in the NDX, such as the Death Cross formation and the RSI(14) being in the Neutral-Bearish level, sellers are quite dominant in the Nasdaq 100 Index today.
Key Levels
1. Resistance. 2 : 26037.7
2. Resistance. 1 : 25904.1
3. Pivot : 25700.9
4. Support. 1 : 25567.1
5. Support. 2 : 25364.1
Tactical Scenario:
Pressure Zone: If the price of #NDX breaks down and closes below 25700.9, there is potential for it to continue declining to 25567.1.
Momentum Extension Bias: If 25567.1 is broken, then #NDX could test the level at 25364.1.
Invalidation Level / Bias Revision:
The downside bias is contained if the price of #NDX breaks above 26037.7.
Technical Summary:
EMA(50) : 25604.1
EMA(200): 25614.8
RSI(14) : 33.05
Economic News Release Schedule:
Tonight during the U.S. session, the following economic data will be released:
US - Unemployment Claims - 20:30 WIB
US - Trade Balance - 20:30 WIB
US - Final Wholesale Inventories m/m - 22:00 WIB
US - Natural Gas Storage - 22:30 WIB
US - 30-y Bond Auction - 01:01
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