Nasdaq 100 (NDX) Down $66 Over Past 4 Hours, Moves Down For the 2nd Straight Day; Breaks Below 50 Day Average

Nasdaq 100 4 Hour Price Update

Updated September 14, 2020 11:15 PM GMT (07:15 PM EST)

11282 was the closing price of the four-hour candle for Nasdaq 100, resulting in the current 4 hour candle being one in which price moved down 0.58% ($66) from the last 4 hour candle. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 13th for the four-hour candle in terms of price change relative to the last 4 hour candle.

Nasdaq 100 Daily Price Recap

Nasdaq 100 came into today down 0.6% (66.72) from the open of the previous day, marking the 2nd straight day a decline has happened. Out of the 14 instruments in the equity indices asset class, Nasdaq 100 ended up ranking 11th for the day in terms of price change relative to the previous day. The daily price chart of Nasdaq 100 below illustrates.

NDX

Nasdaq 100 Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Nasdaq 100 crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that Nasdaq 100’s price has gone up 8 of the previous 14 trading days.

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 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

  • From AdithiaKusno:

    @DiMartinoBooth The FED prints new reserve money to help repo and to maintain solvency. The public doesn’t receive this new money. This is why we didn’t see significant consumer price inflation. Nasdaq 100 hasn’t passed pre-pandemic levels, measured in gold. We have been sideways since 2018.