[Nasdaq 100 Index]

With both EMAs condition forming a Golden Cross intersection and RSI(140) having briefly touched the Oversold level, then in the near future #NDX has the opportunity to advance toward its nearest resistance level.

Key Levels

1. Resistance. 2 : 24403.0

2. Resistance. 1 : 24206.6

3. Pivot : 23964.1

4. Support. 1 : 23767.7

5. Support. 2 : 23525.2

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 23964.1, there is a likelihood of an advance toward 24206.6.

Momentum Extension Bias: If 24206.6 is broken out, #NDX may test 24403.0.

Invalidation Level / Bias Revision

The upside bias weakens if the price breaks down below 23525.2.

Technical Summary

EMA(50) : 23882.9

EMA(200): 23669.9

RSI(14) : 30.83

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Challenger Job Cuts y/y - 18:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Trade Balance - 19:30 WIB

US - Natural Gas Storage - 21:30 WIB