Nasdaq 100 (NDX) Up 0.29%, Crosses 100 Day Moving Average; in a Downtrend Over Past 14 Days

The Hourly View for NDX

Last Updated November 3, 2020, 00:06 GMT

At the moment, NDX’s price is up $23.76 (0.21%) from the hour prior. The hourly chart shows that NDX has seen 3 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend 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 above it. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Nasdaq 100 Daily Price Recap

The back and forth price flow continues for Nasdaq 100, which started today off at 11084.7568 US dollars, up 0.29% (31.81) from the previous day. 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. The daily price chart of Nasdaq 100 below illustrates.


Nasdaq 100 Technical Analysis

First things first: Nasdaq 100 crossed above its 100 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 14 days Nasdaq 100’s price has gone down 9 them.

Overheard on Twitter

Over on Twitter, here were the top tweets about Nasdaq 100:

  • From MotilalOswalAMC:

    @CAshitanshu1989 Dear Sir, we would like to inform you that the redemption TAT for Motilal Oswal Nasdaq 100 Fund of Fund is transaction + 6 working days. We have received the redemption request from you on October 23, 2020. Therefore as per TAT, the payout will be processed today on (1/2)

  • From mflambert:

    Happy Sunday!Good ol daylight savings time.Our Nasdaq 100 review (all 100 charts in the NQ) is still at noon but now its at 12 noon PDT instead of PST :)I think we’ll see 2 more losers this week and quite a few new entries4hrs30mins boys!

  • From KelvinSCWong:

    SP 500 & Nasdaq 100 futures $ES_F $NQ_f are now printing modest losses of -0.36% & -0.46%. In today Asian session.
    A new weekly technical outlook on the major stock indices will be out soon later !