The Nasdaq 100 is currently testing the downtrend blue line.
It looks like it has already broken to the upside, but I would wait for a few days for confirmation.
If the price can stay above the downtrend line, it would be a bullish sign.
In August, the price broke above the trendline but it moved again back below it, creating a fake breakout.
The 50-day MA (red moving average) and the 21-day MA (blue moving average) are currently working as support.
It is important to follow the movements of this particular index for the next few days to understand if a new bull run has started.
The market sentiment remains in the "Greed" mode.
It looks like it has already broken to the upside, but I would wait for a few days for confirmation.
If the price can stay above the downtrend line, it would be a bullish sign.
In August, the price broke above the trendline but it moved again back below it, creating a fake breakout.
The 50-day MA (red moving average) and the 21-day MA (blue moving average) are currently working as support.
It is important to follow the movements of this particular index for the next few days to understand if a new bull run has started.
The market sentiment remains in the "Greed" mode.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.