The Nasdaq 100 Index has the potential to continue its strengthening bias toward the nearest resistance level.

[Ben Graham]

[Nasdaq 100 Index]

With a Golden Cross position between both EMAs and the appearance of a Bullish Divergence on the RSI versus price action, it is highly likely that #NDX will strengthen today toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 26421.3

2. Resistance. 1 : 26278.3

3. Pivot : 26071.4

4. Support. 1 : 25928.4

5. Support. 2 : 25721.5

Tactical Scenario

Positive Reaction Zone: If the price of #NDX breaks out and closes above 26,071.4, there is potential to test 26,278.3.

Momentum Extension Bias: If 26,278.3 is broken to the upside, the move may extend to 26,421.3.

Invalidation Level / Bias Revision

The upside bias weakens if #NDX falls and breaks below 25,721.5.

Technical Summary

EMA(50) : 26039.9

EMA(200): 25812.3

RSI(14) : 48.52 + Bullish Divergent

Economic News Release Agenda:

From the United States the following economic data will be released:

US - Unemployment Claims - 20:30 WIB

US - Revised Nonfarm Productivity q/q - 20:30 WIB

US - Revised Unit Labor Costs q/q - 20:30 WIB

US - Trade Balance - 20:30 WIB

US - Factory Orders m/m - 22:00 WIB

US - Final Wholesale Inventories m/m - 22:00 WIB

US - Natural Gas Storage - 22:00 WIB

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