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Technical Overview of Nasdaq100

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A more critical look at NASDAQ 100 futures shows that while another record high was set, the file stays inside a limited scope of an obstruction somewhere in the range of 10964 and 11058. These were highs set a month ago. Negative RSI difference shows blurring upside energy which can now and again go before a turn lower. Something else, the 23.6% Fibonacci expansion sits above at the level 11346.

In view of that, permit me to use a similar method to decide what is undoubtedly next for the NASDAQ 100. It is one of only a handful few files (along with the NASDAQ and SOX) to make practically day by day new record-breaking highs. I state “in all probability” since nothing is ever without a doubt in the business sectors.

It is about the probabilities of potential outcomes. Be that as it may, by using the tried and true EWP and related value levels for each wave, one can get a sensibly precise thought regarding the market’s next hardly any moves.