[#NDX]
Although both EMAs are still in a Death Cross condition, but with the appearance of a Hidden Divergence between the #NDX price movement and the RSI at the Extreme-Bullish level suggests that there is significant potential for strengthening today.
Key Levels
1. Resistance. 2 : 25265.2
2. Resistance. 1 : 25069.2
3. Pivot : 24717.0
4. Support. 1 : 24530.0
5. Support. 2 : 24177.8
Tactical Scenario:
Positive Reaction Zone: If the price breaks above 25069.2, #NDX has the potential to rise to 25265.2.
Momentum Extension Bias: If 25265.2 is successfully breached, then #NDX may test the level 25608.4.
Invalidation Level / Bias Revision:
The upside bias weakens if the price of #NDX declines and breaks down below 24177.8.
Technical Summary:
EMA(50) : 24705.1
EMA(200): 24845.3
RSI(14) : 70.34 + Hidden Bullish Divergent
Economic News Release Agenda:
Tonight from the United States session, several important economic data will be releases, such as:
US - Average Hourly Earnings m/m - 20:30 WIB
US - Non-Farm Employment Change - 20:30 WIB
US - Unemployment Rate - 20:30 WIB
US - Philly Fed Manufacturing Index - 20:30 WIB
US - Unemployment Claims - Tentative
US - Existing Home Sales - 22:00 WIB
US - CB Leading Index m/m - Tentative
US - Natural Gas Storage - 22:30 WIB
