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NASDAQ index ticks back above its 50 hour moving average/swing area/38.2% retracement

The Nasdaq is higher today, and trading near new highs. IN the process, the index is extending above a cluster of resistance.The price is back above the 38.2% of the move up from the March 13 low at 13123The price is back above the 50 hour MA at 13166The price is back above a swing area between 13123 and 13161. That cluster of resistance is now support in the short-term. Staying above and traders will look toward the 100 hour MA at 13372 as the next major target. That MA corresponds roughly wit... Read More

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Content Topics

Nasdaq

Index

Ticks

Back

Above

Hour

Moving

Average

Swing

Average swing

Area 38 2

Retracement

Forex

Posted: Oct 4 2023, 16:31

Author Name: forexlive

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