• 658 days Will The ECB Continue To Hike Rates?
  • 659 days Forbes: Aramco Remains Largest Company In The Middle East
  • 660 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,060 days Could Crypto Overtake Traditional Investment?
  • 1,065 days Americans Still Quitting Jobs At Record Pace
  • 1,067 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,070 days Is The Dollar Too Strong?
  • 1,070 days Big Tech Disappoints Investors on Earnings Calls
  • 1,071 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,073 days China Is Quietly Trying To Distance Itself From Russia
  • 1,073 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,077 days Crypto Investors Won Big In 2021
  • 1,077 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,078 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,080 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,081 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,084 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,085 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,085 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,087 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