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[Nasdaq 100]
With the RSI positioned in the Neutral-Bullish zone and EMA(50) above EMA(200), indicating a Golden Cross, all of this suggests that dominant buyers will cause #NDX to move higher toward its nearest resistance level Today. However, with the national holiday for Thanksgiving, there is a possibility of a decrease in volatility, especially in the U.S. market session.
Key Levels
1. Resistance. 2 : 25487.7
2. Resistance. 1 : 25363.0
3. Pivot : 25174.7
4. Support. 1 : 25050.0
5. Support. 2 : 24861.7
Tactical Scenario:
Positive Reaction Zone: If #NDX breaks out and closes above 25363.0, it may test the level at 25487.7.
Momentum Extension Bias: If 25487.7 is broken and closes above, #NDX has the potential to move toward 27373.0.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of #NDX falls and closes below 24861.7.
Technical Summary:
EMA(50) : 25158.6
EMA(200): 24881.1
RSI(14) : 55.14
Economic News Release Agenda:
Today is a national holiday for Thanksgiving Day in the United States, so no economic data will be released. Please be cautious of low volatility when the U.S. session opens today.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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