Nasdaq 100 (NDX) Down 0.72%; in an Uptrend Over Past 90 Days

The Hourly View for NDX

Last Updated October 16, 2020, 00:06 GMT

At the moment, NDX’s price is up $35 (0.29%) from the hour prior. NDX has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Nasdaq 100 Daily Price Recap

Nasdaq 100 is down 0.72% (86.79) since the previous day, marking the 3rd straight day it has gone down. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 7th for the day in terms of price change relative to the previous day. Below is a daily price chart of Nasdaq 100.

NDX

Nasdaq 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Nasdaq 100’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Nasdaq 100:

  • From McClellanOsc:

    @Chartstrat Different indicators. You are, I believe, referring to the NYSE McClellan Oscillator, which is $NYMOT on their platform. This is the same indicator, but calculated on the A-D data for the stocks in the Nasdaq 100 Index (as noted in the chart).

  • From TekInvestor:

    @Daniel81138573 @skrue_onkel Agree! Owning it through funds like OnkelS is probably the way to go. I’m also covered by a Nasdaq 100 ETF and DNB Global Indeks A.

  • From skillingtheseh1:

    @Danstringer74 @EnronChairman @PunchableFaceVI @MoneyMnuchins Sounds like a reasonable range for the Nasdaq 100 by Friday (long SQQQ to the tits dear lord pray for me 😕)