Nasdaq 100 Index - Thursday, August 07, 2025.
With the condition of EMA (50) and EMA (200) forming a golden cross, and the RSI (14) in the extreme bullish area, the potential for strengthening of the Nasdaq 100 Index is quite wide open. However, caution should be exercised, as the appearance of divergence between the RSI (14) indicator and the #NDX price movement suggests the potential for a limited downward correction.
Key Levels
1. Resistance 2: 23597.6.
2. Resistance 1: 23451.2.
3. Pivot: 23192.5.
4. Support 1: 23046.1.
5. Support 2: 22787.4.
Tactical Scenario
Positive Reaction Zone: If the #NDX price successfully breaks through and closes above 23451.2, the index has the potential to continue strengthening to 23597.6.
Momentum Extension Bias: If the 23597.6 level is successfully broken through and the price closes above it, especially if supported by significant volatility and strengthening momentum, the #NDX has the potential to move to 23856.3.
Invalidation Level / Bias Revision
Upside bias weakens when the price corrects and breaks through and closes below 22787.4.
Technical Summary
EMA(50): 23232.6.
EMA(200): 23169.3.
RSI(14): 75.34 + Divergent.
Economic News Release Agenda:
Tonight, there will be economic data releases from the United States:
US - Unemployment Claims - 19:30 WIB.
US - Prelim Nonfarm Productivity q/q - 19:30 WIB.
US - Prelim Unit Labor Costs q/q - 19:30 WIB.
US - Final Wholesale Inventories m/m - 21:00 WIB.
US - Natural Gas Storage - 21:30 WIB.
