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Nasdaq 100 Index
Long

Nasdaq 100 Index - RSI Positive Divergence on the Weekly Chart

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Just like on the S&P weekly chart (that I've posted on Oct 13th - S&P is up by about 8% since then), the RSI indicator is showing us a positive divergence on the Nasdaq 100 weekly chart. Fibonacci levels also give us some idea about the movement of the candles. Combining these with the Stochastic, does this mean a shift in the market? Weekly charts take a longer time to develop so I guess we'll wait and see.
erdem_bilgin
Chart PatternsTechnical IndicatorsNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 CFDSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis

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Chart PatternsTechnical IndicatorsNASDAQ 100 CFDnasdaqnasdaq100NASDAQ 100 CFDSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysis
erdem_bilgin

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.