REDATOR Ben Graham Posted February 19 REDATOR Report Share Posted February 19 [Nasdaq 100 Index] Although RSI(14) is in the Neutral-Bearish level, but with both EMAs forming a Golden Cross intersection, it appears that #NDX has the potential to resume its upside. Key Levels1. Resistance. 2 : 25274.12. Resistance. 1 : 25067.93. Pivot : 24848.94. Support. 1 : 24642.75. Support. 2 : 24423.7Tactical ScenarioPositive Reaction Zone: If the price holds at 24848.9, there is a possibility the move will rise toward 25067.9.Momentum Extension Bias: If 25067.9 is broken, the strengthening could continue to 25274.1. Invalidation Level / Bias RevisionThe upside bias weakens if #NDX falls and breaks below 24423.7. Technical SummaryEMA(50) : 24889.8EMA(200): 24800.3RSI(14) : 49.85Economic News Release Agenda:Tonight the United States will release the following economic data:US - Unemployment Claims - 20:30 WIBUS - Philly Fed Manufacturing Index - 20:30 WIBUS - Goods Trade Balance - 20:30 WIBUS - Prelim Wholesale Inventories m/m - 20:30 WIBUS - Trade Balance - 20:30 WIBUS - Pending Home Sales m/m - 22;00 WIBUS - CB Leading Index 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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