FX.co ★ Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday May 08, 2025.

With the appearance of Divergence between the Nasdaq 100 index price movement with the Stochastic Oscillator indicator and its price movement moving above the SMA (50) which has an upward slope, it gives an indication that in the near future #NDX has the potential to strengthen up to the level of 20319.3 to the area level of 20598.4-20768.0, especially if the volatility and momentum of its strengthening support it, but please note that the appearance of the Rising Wedge pattern also reveals the potential for weakening in the index, but as long as the decline does not break and close below 19593.3, the weakening is only considered a correction.

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