Nasdaq 100 Chart Technical Outlook

Nasdaq 100 Chart Technical Outlook (US100) two patterns offer resistance at 18,334
We have seen continued mixed and volatile trading in the index with prices consolidating close to the all-time high of 18,497. We have two formations both offering resistance close to 18,334.

  • We have broken out of an ending wedge formation to the downside (bearish). This offers reverse trendline resistance at 18,334.
  • The mixed and volatile trading has resulted in a symmetrical triangle formation bullish). This offers trendline resistance at 18,334.
  • Bespoke resistance is located at 18,334.
    Conclusion: Although the chart patterns offer a mixed medium-term bias, 18,334 looks like strong intraday resistance.

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