REDATOR Ben Graham Posted February 5 REDATOR Report Share Posted February 5 [Nasdaq 100 Index] The Death Cross intersection of the two EMAs of #NDX gives an indication that in the near future there is a chance of continuing its weakening today.Key Levels1. Resistance. 2 : 25756.02. Resistance. 1 : 25380.73. Pivot : 25025.84. Support. 1 : 24650.55. Support. 2 : 24295.6Tactical ScenarioPressure Zone: If #NDX breaks down below 25025.8, there is potential for continued pressure toward 24650.5.Momentum Extension Bias: If 24650.5 is broken to the downside, Nasdaq 100 could extend its decline to 24295.6.Invalidation Level / Bias RevisionThe downside bias is restrained if #NDX strengthens and breaks above 25756.0.Technical Summary EMA(50) : 25143.8EMA(200): 25452.5RSI(14) : 48.50Economic News Release Schedule:Tonight the United States will release the following economic data:US - Challenger Job Cuts y/y 19:30 WIBUS - Unemployment Claims - 20:30 WIBUS - JOLTS Job Openings - 22:00 WIBUS - Natural Gas Storage - 22:30 WIBThe material has been provided by InstaForex Company - www.instaforex.com Visitante_83b0b715 1 1 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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