• 1,015 days Will The ECB Continue To Hike Rates?
  • 1,015 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,017 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,417 days Could Crypto Overtake Traditional Investment?
  • 1,422 days Americans Still Quitting Jobs At Record Pace
  • 1,424 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,427 days Is The Dollar Too Strong?
  • 1,427 days Big Tech Disappoints Investors on Earnings Calls
  • 1,428 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,430 days China Is Quietly Trying To Distance Itself From Russia
  • 1,430 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,434 days Crypto Investors Won Big In 2021
  • 1,434 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,435 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,437 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,438 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,441 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,442 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,442 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,444 days Are NFTs About To Take Over Gaming?
Billionaires Are Pushing Art To New Limits

Billionaires Are Pushing Art To New Limits

Welcome to Art Basel: The…

Tesla Struggles To Compete In European Market

Tesla Struggles To Compete In European Market

Tesla continues to catch the…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Watch This 'Double Testing' Level

UPDATE ON: Is the NASDAQ 100 stuck or just at a very important "testing level"?

Below is the updated chart as of the close yesterday ... and the answer to the above question is: "a very important testing level" is still in play.

There are two important testing levels being faced at the same time now. The first is the April 7th. Weekly High of 2795.35 which was briefly taken out, only to have the NASDAQ 100 retest the level and close below it.

The second testing level is a Fibonacci 50% level which stands at 2806.20.

Last week's question remains for technical analyst ... "Will this turn out to be a double top, or a continuation move that goes beyond the double test resistance levels?"

NASDAQ 100 Chart

 

Back to homepage

Leave a comment

Leave a comment