The Hourly View for NDX
Last Updated November 24, 2020, 01:06 GMT
At the moment, NDX’s price is down $-21 (-0.18%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. As for the trend on the hourly timeframe, we see the clearest trend 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
The choppiness in the recent daily price action of Nasdaq 100 continues; to start today, it came in at a price of 11905.9414 US dollars, down 0% (0.5) since yesterday. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 9th for the day in terms of price change relative to yesterday. Here is a daily price chart of Nasdaq 100.
Nasdaq 100 Technical Analysis
Volatility for Nasdaq 100 has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Nasdaq 100’s price has gone down 16 of the previous 30 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Nasdaq 100:
- From StuOnGold:
We have spotted possible Flag patterns in the S&P 500 & NASDAQ 100. Flags generally fly at half-mast. If so, stocks are inside, & finishing, the pennant portion. The direction prices head into a flag is usually the direction they leave it, in this case that would be up. ~ McHugh
- From MarketTradersTV:
Our performance with the Nasdaq 100 charts for the Tier 3 subs continues to impress. Its actually boggling what a high success rate we’ve had over the last 9 months or so.over 90% winrate… I’m personally surprised 🙂
- From ForexNamibia:
Pfizer enter FDA approval process everytime there’s been progress on this vaccine or any other. We’ve noticed bearish sentiment in the indices, Nasdaq 100, US 30 and all Major European indices