Nasdaq 100 4 Hour Price Update
Updated September 17, 2020 07:16 PM GMT (03:16 PM EST)
Nasdaq 100 came into the current 4 hour candle down 0.28% (31) from the open of the last 4 hour candle, marking the 4th straight candle a decline has happened. Relative to other instruments in the equity indices asset class, Nasdaq 100 ranked 13th since the last 4 hour candle in terms of percentage price change.
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 11247.5986 US dollars, down 1.67% (191.28) since the day prior. Those trading within the equity indices asset class should know that Nasdaq 100 was the worst performer in the class today. Here is a daily price chart of Nasdaq 100.
Nasdaq 100 Technical Analysis
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Nasdaq 100’s price has gone down 6 of the previous 10 trading days.
Overheard on Twitter
Over on Twitter, here were the top tweets about Nasdaq 100:
- From StuOnGold:
If we look at the price patterns for #stocks over the past 2 wks, we see a series of lower highs & lower lows for the Dow, S&P 500 & NASDAQ 100. We continue to see that the 3 major indices have formed H&S tops Downside price targets are about 10% below current levels. ~ McHugh
- 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 Francesc_Forex:
Morgan Stanley 1/4: Over the past few weeks, we’ve finally experienced our first meaningful correction in U.S. equity markets since this new bull market began in March. More specifically, #SP500 is down about 7% from its recent all-time high, while #NASDAQ 100 is down about 11%.