• 967 days Will The ECB Continue To Hike Rates?
  • 967 days Forbes: Aramco Remains Largest Company In The Middle East
  • 969 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,369 days Could Crypto Overtake Traditional Investment?
  • 1,374 days Americans Still Quitting Jobs At Record Pace
  • 1,375 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,379 days Is The Dollar Too Strong?
  • 1,379 days Big Tech Disappoints Investors on Earnings Calls
  • 1,380 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,381 days China Is Quietly Trying To Distance Itself From Russia
  • 1,382 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,386 days Crypto Investors Won Big In 2021
  • 1,386 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,387 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,389 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,389 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,393 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,394 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,394 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,396 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