- Analytics
- News and Tools
- Market News
- Nasdaq 100: Temporary setback as long as key supports at 11912/699 hold – Credit Suisse
Nasdaq 100: Temporary setback as long as key supports at 11912/699 hold – Credit Suisse
Nasdaq 100 is correcting lower, but economists at Credit Suisse look for key supports at 11912/699 to hold.
Break below 11912/699 would open up further weakness again
“Nasdaq 100 setback is likely to extend further to the key 63 and 200-day averages at 11912/699. We view this as a temporary setback as long as the market holds above here, with medium-term MACD momentum very close to turning outright positive”.
“We look for a clear and sustained break above 12856 post this setback and some further consolidation. We would then see resistance next at 13175, ahead of the 50% retracement and summer 2022 highs at 13603/721.”
“Below 11912/699 would open up further weakness again within the Q4 2022 range, with the next level at 11550, then 11252/50.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
