#NDX

If we Look at the whole #NDX technical indicators which showing strength, and despite the potential for a correction, #NDX has the opportunity today to test its nearest resistance level.

Key Levels

1. Resistance. 2 : 26499.3

2. Resistance. 1 : 26347.0

3. Pivot : 26058.7

4. Support. 1 : 25906.4

5. Support. 2 : 25618.1

Tactical Scenario

Positive Reaction Zone: If #NDX breaks out above 26347.0, there is a likelihood the move will rise toward 26499.3.

Momentum Extension Bias: If 26499.3 is broken, #NDX may test 26787.6.

Invalidation Level / Bias Revision

The upside bias weakens if #NDX breaks down below 25618.1.

Technical Summary

EMA(50) : 26054.4

EMA(200): 25524.0

RSI(14) : 75.74

Economic News Release Agenda:

Today the United States will release the following economic data:

US - Philly Fed Manufacturing Index - 19:30 WIB

US - Unemployment Claims - 19:30 WIB

US - Capacity Utilization Rate - 20:15 WIB

US - Industrial Production m/m - 20:15 WIB

US - Natural Gas Storage - 21:30 WIB