

The NASDAQ 100 Index is currently witnessing a bearish trend, as evidenced by its technical indicators. Its recent performance on the 4-hour chart shows a series of lower highs and lows, which suggests ongoing downward pressure.
Important support and resistance levels are at play, which could dictate future movement.
The current trend appears bearish, with lower highs and lows since early November.
Recent candlesticks with long upper wicks suggest selling pressure and potential for further decline.
The index broke support at 24,800, indicating possible continued decline unless reclaimed.
The MACD line remains below the Signal line, continuing a bearish trend.
The histogram shows increasing negative values, strengthening bearish momentum.
No divergence observed between MACD and price action, supporting the ongoing downtrend.
Volume increases during price declines indicate strong selling interest.
The volume on down days supports the bearish trend.
Significant trading activity confirms the move lower.
A key support level is at 24,400, now being tested, with risks of further decline if breached.
Resistance is at 24,800, the prior support level now restricting upward movement.
Breaking above 24,800 is necessary for any bullish reversal.
A cautious strategy with potential short opportunities below 24,800 is advisable.
Watch for confirmation of reversal patterns and bullish MACD crossover.
A close above 24,800 could signal a potential trend change.



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Secured By SSL. Copyright © Seekapa. All rights reserved. 2024
Company Information: This website (www.seekapa.com.com/) is operated by Bluepine Ltd, a Seychelles investment firm, authorised and regulated by the Financial Services Authority of Seychelles with license number SD183. Bluepine Ltd is located at Suite 205, 2nd Floor, Waterside Property Limited, Eden Island, Seychelles
Risk warning: Contracts for difference (‘CFDs’) is a complex financial product, with speculative character, the trading of which involves significant risks of loss of capital. Trading CFDs, which is a marginal product, may result in the loss of your entire balance. Remember that leverage in CFDs can work both to your advantage and disadvantage. CFDs traders do not own, or have any rights to, the underlying assets. Trading CFDs is not appropriate for all investors. Past performance does not constitute a reliable indicator of future results. Future forecasts do not constitute a reliable indicator of future performance. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk tolerance. You should not deposit more than you are prepared to lose. Please ensure you fully understand the risk associated with the product envisaged and seek independent advice, if necessary. Please read our Risk Disclosure document.
Regional Restrictions: Bluepine Ltd does not offer services within the European Economic Area as well as in certain other jurisdictions such as the USA, British Columbia, Canada and some other regions.
Bluepine Ltd does not issue advice, recommendations or opinions in relation to acquiring, holding or disposing of any financial product. Bluepine Ltd is not a financial adviser.