REDATOR Ben Graham Posted January 22 REDATOR Report Share Posted January 22 Nasdaq Index 100Even though the two EMAs have not yet crossed the Golden Cross, the price movement is already above the EMA(50) and EMA(200) followed by the RSI(14) which is at the Neutral Bullish level so that it has the potential to bring #NDX to strengthen towards its nearest Resistance in the near future.Key Levels1. Resistance. 2 : 25860.32. Resistance. 1 : 25602.53. Pivot : 25234.24. Support. 1 : 24976.45. Support. 2 : 24608.1Tactical ScenarioPositive Reaction Zone: If the price holds at 25,234.2, #NDX may move up toward 25,602.5.Momentum Extension Bias: If 25,602.5 is broken to the upside, #NDX could test 25,860.3. Invalidation Level / Bias RevisionThe upside bias weakens if #NDX falls below 24,608.1. Technical SummaryEMA(50) : 25215.5EMA(200): 25263.8RSI(14) : 62.73Economic News Release Agenda:Tonight the United States will release the following economic data:US - Final GDP q/q - 20:30 WIBUS- Unemployment Claims - 20:30 WIBUS - Final GDP Price Index q/q - 20:30 WIBUS - Core PCE Price Index m/m - 22:00 WIBUS - Personal Income m/m - 22:00 WIBUS - Personal Spending m/m - 22:00 WIBUS - Natural Gas Storage - 22:30 WIBUS - Crude Oil Inventories - 00:00 WIBThe material has been provided by InstaForex Company - www.instaforex.com Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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