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