NASDAQ100 INDEX - 4h Technical analysis

6月7日

The current short-term bullish acceleration on NASDAQ100 INDEX should quickly allow the basic trend to return to bullish. To avoid contradicting the short term, traders may prefer long positions (at the time of purchase) as long as the price remains well above 18,433.66 USD. Short-term buyers will use the resistance located at 18,677.55 USD as an objective. A bullish break in this resistance would boost the bullish momentum. The next bullish objective would then be set at 18,818.44 USD. Crossing this resistance would then open the door for buyers to target 19,062.33 USD. Caution, if there is a return to under 18,433.66 USD, it should not be forgotten that the basic trend is not yet clearly defined. Beware of against the trend sellers, many of whom will certainly benefit from this movement.