NDQ100: Thoughts and analysis

Today's focus: NDX100 Nasdaq

Pattern – Higher lower support point (LH Inc)
Support – 15,320 - 14,690
Resistance – 15,520 – 15,822

Thanks for checking out today's update. Today, we have run over the NDX100 on the daily chart. We have started with the overall picture and worked our way into the current short-term perspective with things we are watching and levels we view as important.

Over the subsequent few sessions, we feel that 15,520 support is key for buyers, and we would like to see them not only hold that area but form a rally that can retest 15,320 resistance. A break could get the short-term trend back up and running, but a good close below that support level could suggest the up trend could be in danger, and we may even see a new move back down to test 14,690 if sellers can really get going.

Have a great day and good trading.