Nasdaq 100 futures may be vulnerable to near-term losses after the index appeared to confirm a breakout under a bearish Double Top chart formation on the 4-hour chart. The neckline was taken out at 14725, exposing the 100-period Simple Moving Average (SMA). Immediate support appears to be the 38.2% Fibonacci retracement at 14380. Further losses may open the door to extending
downward towards the March low.
Nas100 potential long opportunity
downward towards the March low.
Nas100 potential long opportunity
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.