Nasdaq 100 under pressure below 13000: Daily key trading levels
|Even though the Nasdaq is up 12% from May 22nd lows we are still not looking to get involved in this market.
The main reason is that price is still trading below the 13000 - 13200 zone (Feb.March & April lows). Unlike the Dow and the SP500, the Nasdaq remains bearish until a clean break of this zone plays out.
We are keeping an eye here and will update you as this scenario develops.
These are today's key trading levels on the Nasdaq:
Nasdaq
R1- 12700.00.
R2- 12900.00.
R3- 13100.00.
S1- 12200.00.
S2- 11900.00.
S3- 11700.00.
Join Learn 2 Trade VIP Group now!
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.