Nasdaq 100 (NDX) Down $24 On 4 Hour Chart, 2 Day Down Streak Broken; Breaks Above 50 Day Average

Nasdaq 100 4 Hour Price Update

Updated September 15, 2020 11:15 PM GMT (07:15 PM EST)

The choppiness in the recent four-hour candle price action of Nasdaq 100 continues; to start the current 4 hour candle, it came in at a price of 11442 US dollars, down 0.21% (24) since the last 4 hour candle. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 10th since the last 4 hour candle in terms of percentage price change.

Nasdaq 100 Daily Price Recap

The back and forth price flow continues for Nasdaq 100, which started today off at 11277.7627 US dollars, up 1.72% (190.36) from the day prior. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of Nasdaq 100.


Nasdaq 100 Technical Analysis

Notably, Nasdaq 100 crossed above its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Traders will also want to note, though, that a counter trend — meaning a trend going down — can be seen on the 14 day timeframe. So if you expect the primary trend to resume, the counter trend may be providing an opportunity to buy dips. For additional context, note that price has gone up 19 out of the past 30 days. As for those who trade off of candlesticks, we should note that we’re seeing pin bar pattern appearing here.

Overheard on Twitter

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

  • From Falak_Kalyani:

    This comes to 20.79% for 1Y (65% of Nifty 500 I.e. 5.40% + 35% of Nasdaq 100 i.e. 49.34%) This is just for comparison as AMFI might not allow BM weighted avg TRI. BTW it’s really amazing that PPFAS beats this too even though u calc TRI using regular plans means even more for Reg

  • From KleinmanBHC:

    $QQQ up nearly 3% on the week so far. My math is likely not exact but I have $TSLA having contributed about 0.50% to that all by herself. She may not be in the $SPX, but you better believe she’s an important stock to an important index: the NASDAQ 100.

  • From MotilalOswalLtd:

    The S&P 500 ended with little change, while the Nasdaq 100 fell half per cent for the fifth time in seven days to cap its worst week since March. The tech-heavy index travelled 3% from high to low Friday and is 11% from its Sept. 2 record… #MOMarketUpdates