The trend in the short and medium term is still strong bullish for the E-Mini Nasdaq 100. Today we can expect price fluctuations between support and resistance levels.
E-Mini Nasdaq 100 September 20 close was 5978.50 (-0.31%). Technical overview is neutral within a strng bullish short and medium trend. For today trading session we can expect price fluctuations between support and resistance levels. E-Mini Nasdaq 100 Momentum values are mildly negatives but for now no bullish or bearish signals are triggered.
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Simple Moving Average (SMA)
Prices are above 14 day moving average (SMA value is 5981). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
E-Mini Nasdaq 100 daily chart shows an increase in volumes compared to the previous day.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 20/09/2017.
Performance: 7 trading days= -0.30% – 15 trading days= -0.20% – 30 trading days= +3.26%
Resistance levels: R1= 6009.25 – R2= 6039.75 – R3= 6109.75
Pivot Point: 5979.75
Support levels: S1= 5939.25 – S2= 5899.75 – S3= 5829.75
Buying opportunity above 5992.25 targets minor resistance at 6009.25 and perhaps as far as strong resistance at 6039.75, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 6067.5.
Selling opportunity below 5962.25 targets minor support at 5939.25 and perhaps as far as strong support at 5922.25, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 5899.75.