The Hourly View for NDX
Last Updated October 19, 2020, 00:06 GMT
At the time of this writing, NDX’s price is down $-115 (-0.96%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. 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 0.39% (46.41) since the previous day, marking the 4th day in a row a decline has happened. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 12th for the day in terms of price change relative to the previous day. Below 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 up over that time. For another vantage point, consider that Nasdaq 100’s price has gone up 5 of the previous 10 trading days.