FX.co ★ Trading Signal for NASDAQ, #NDX for April 06 - 07, 2021: Key level 13660

The Nasdaq 100 #NDX closed with gains this Monday due to the gains of the technology, consumer goods, and consumer services sectors that gave a strong boost to the Nasdaq index.

The Nasdaq #NDX has 300 points left to reach its all-time high of 13904, and on the 4H charts, we note that it is reaching resistance levels.

A few points higher at 13650/60, strong weekly resistance is in place. We expect a downward correction below this zone.

In view of the fact that the Nasdaq 100 Index maintains a strong upward trend, we must expect a correction in the 13,499 and 13315 area. At this level, a technical rebound may occur, waiting for a continuation of the upward trend to 13900 in the medium term.

The eagle indicator shows that the Nasdaq #NDX is reaching overbought levels of 13,660. There might be a retracement.

Therefore, if the Nasdaq falls below 13600, we recommend selling with targets at 13,499 and 13,350. There is 21 SMA on the 4H charts and could find support in this area.

Support And Resistance Levels For April 06 - 07, 2021

Resistance (1) 13719

Resistance (2) 13795

Resistance (3) 13829

Support (1) 13519

Support (2) 13405

Support (3) 13188