Nasdaq 100 (NDX) Up 1.46%

The Hourly View for NDX

Last Updated November 25, 2020, 01:06 GMT

At the time of this writing, NDX’s price is down $-3.19 (-0.03%) 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 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on NDX. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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

12079.8057 was the closing price of the day for Nasdaq 100, resulting in today being one in which price moved up 1.46% ($173.86) from the day prior. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 7th for the day in terms of price change relative to the day prior. 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.

Overheard on Twitter

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

  • From nxarria:

    It seems the “Fed/Gov” is trying, or telling the market there will be a new floor under Nasdaq 100 at 12,000. I said this last week I believe. I see similarities to July when they used so much headlines to keep the S&P above 3,000. We will see. Obviously I know the market…

  • From bittu0051:

    @sanamkumar6504 @PranjalKamra I don’t know which will give you best return if you want invest for 1 year ….but hey , I could help you to minimise your RISK.
    AND also you could buy Motilal Oswal NASDAQ 100 Fund , Maybe you could get better returns with this , KEEPING in mind the RISK.

  • 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