If we look at the 4-hour chart of the Nasdaq 100 index moving above the WMA (21) which has a slope that is going upwards, indicating that currently Buyers are still quite dominant so that in the near future #NDX has the potential to continue its strengthening to the level of 21338.7. If this level is successfully broken and closes above it, then #NDX has the potential to continue its strengthening to the level of 21535.3 as its main target and if the strengthening momentum and volatility support then 21877.5 will be the next target to be targeted, but please note the appearance of divergence between the price movement of #NDX and the Stochastic Oscillator indicator which indicates the potential for a weakening correction to close the previous gap if the weakening correction is broken and closes below the level of 19978.6 then all strengthening scenarios that have been described previously will be invalid and automatically canceled by themselves.
(Disclaimer)
