Nasdaq Index 100

Even though the two EMAs have not yet crossed the Golden Cross, the price movement is already above the EMA(50) and EMA(200) followed by the RSI(14) which is at the Neutral Bullish level so that it has the potential to bring #NDX to strengthen towards its nearest Resistance in the near future.

Key Levels

1. Resistance. 2 : 25860.3

2. Resistance. 1 : 25602.5

3. Pivot : 25234.2

4. Support. 1 : 24976.4

5. Support. 2 : 24608.1

Tactical Scenario

Positive Reaction Zone: If the price holds at 25,234.2, #NDX may move up toward 25,602.5.

Momentum Extension Bias: If 25,602.5 is broken to the upside, #NDX could test 25,860.3.

Invalidation Level / Bias Revision

The upside bias weakens if #NDX falls below 24,608.1.

Technical Summary

EMA(50) : 25215.5

EMA(200): 25263.8

RSI(14) : 62.73

Economic News Release Agenda:

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US - Final GDP q/q - 20:30 WIB

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US - Final GDP Price Index q/q - 20:30 WIB

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US - Personal Income m/m - 22:00 WIB

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US - Natural Gas Storage - 22:30 WIB

US - Crude Oil Inventories - 00:00 WIB