[Nasdaq 100 Index]
With all technical analysis conditions indicating strengthening in the Nasdaq 100 Index, #NDX has the potential to rise toward its nearest resistance level throughout today.
Key Levels
1. Resistance. 2 : 25925.7
2. Resistance. 1 : 25782.9
3. Pivot : 25657.0
4. Support. 1 : 25514.2
5. Support. 2 : 25388.3
Tactical Scenario
Positive Reaction Zone: If the price of #NDX breaks out and closes above 25657.0, it is likely to move toward 25782.9.
Momentum Extension Bias: If 25782.9 is also broken, the Nasdaq 100 Index may continue its advance to 25925.7.
Invalidation Level / Bias Revision
The upside bias weakens if #NDX falls and breaks and closes below 25.388,3.
Technical Summary
EMA(50) : 25620.6
EMA(200): 25512.6
RSI(14) : 38.20
Economic News Release Agenda:
Tonight from the United States, the following economic data will be released:
US - Unemployment Claims - 20:30 WIB
US - Prelim Nonfarm Productivity q/q - 20:30 WIB
US - Prelim Unit Labor Costs q/q - 20:30 WIB
US - Trade Balance - 20:30 WIB
US - Final Wholesale Inventories m/m - 22:00 WIB
US - Natural Gas Storage - 22:30 WIB
US - Consumer Credit m/m - 03:00 WIB