empty
13.01.2022 06:12 PM
Trading signals for Nasdaq 100 (#NDX) on January 13 - 14, 2022: sell in case of breaks of symmetrical triangle at 15,850 points

This image is no longer relevant

From its low of 15,162, the Nasdaq 100 technology index (#NDX) has managed to reach the top of the 200 EMA located at 16,045. Right now, it is consolidating and forming a pattern of a symmetrical triangle. A break below this pattern could be the start of a bearish move towards 2/8 Murray (15.625) and towards the support 1/8 around 15,312.

On the other hand, a pullback towards the 200 EMA around 16.045 will be an opportunity to sell, only if the price falls below this zone.

As the Fed confirmed its agenda for raising interets rates this year, this outlook could weaken the Nasdaq 100 index and we could expect its drop towards the psychological level of 15,000 points.

According to the daily chart, the main trend of NDX is still bearish. According to the 4-hour chart, we also notice a downtrend. Given that it is trading below the 200 EMA, this bounce will be considered a technical correction to give us the opportunity to sell in the next few days with targets at 15,160.

A consolidation in daily charts above the psychological level of 16,000 points will be the beginning of a bullish movement and we could expect the index to reach the all-time high of 16,767.

As long as it remains trading below 4/8 Murray located at 16,250, the Nasdaq will struggle for a new uptrend. Therefore, if in the next days it approaches this area, it will give us an opportunity to continue selling and expect a sustained decline in the medium term.

Support and Resistance Levels for January 13 - 14, 2022

Resistance (3) 16,250

Resistance (2) 16,146

Resistance (1) 15,937

----------------------------

Support (1) 15,780

Support (2) 15,625

Support (3) 15,533

***********************************************************


Scenario

Timeframe H4

Recommendation: sell if breaks

Entry Point 15,850

Take Profit 15,754 (21 SMA), 15,625 (2/8) 15,312 (1/8).

Stop Loss 15,930

Murray Levels 16,250 (4/8) 15,937 (3/8) 15,625 (2/8) 15,312 (1/8)

***********************************************************

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

US stock market on April 11: S&P 500 and Nasdaq plunge

US equity markets ended Thursday's regular session with steep losses. The S&P 500 dropped 3.46%, the Nasdaq 100 fell 4.31%, and the Dow Jones Industrial Average declined 2.50%

Jakub Novak 13:41 2025-04-11 UTC+2

Update on US stock market on April 11. Major pullback after strong rally. Market regains consciousness.

S&P500 Snapshot of the US benchmark stock indices on Thursday: * Dow -2.5%, * NASDAQ -4.3%, * S&P 500 -3.5% The S&P 500 closed at 5,268, within the range

Jozef Kovach 12:00 2025-04-11 UTC+2

Stocks skyrocket after Trump's tariff delay

The US stock market just experienced one of the most powerful waves of optimism in recent years. On Wednesday, following a statement from President Donald Trump, major stock indices posted

Anna Zotova 15:10 2025-04-10 UTC+2

US market rebounds strongly, but Trump's trade war with China remains unresolved

S&P 500 Overview for April 10 US market rebounds strongly, but Trump's trade war with China remains unresolved Major US indices on Wednesday: Dow +8%, NASDAQ +12%, S&P 500 +9.5%

Jozef Kovach 11:45 2025-04-10 UTC+2

Update on US stock market on April 10. SP500 and NASDAQ grow like mad

At the close of yesterday's regular trading session, US stock indices ended with solid gains. The S&P 500 jumped by 9.52%, while the Nasdaq 100 surged by 12.15%. The industrial

Jakub Novak 11:31 2025-04-10 UTC+2

US and China engaged in fierce battle: markets slump, high-tech stocks bruised, gold stands tall

Global markets are once again in turmoil: the escalation of the trade war between the US and China has slammed stock markets, gold is breaking records, Meta is mired

Аlena Ivannitskaya 15:56 2025-04-09 UTC+2

US markets attempt to stabilize at key support levels

S&P 500 The market tries to hold support Main US indices on Tuesday: Dow -0.8%, NASDAQ -2.2%, S&P 500 -1.6%, S&P 500 at 4983, range 4800–5700. It was another volatile

Jozef Kovach 10:44 2025-04-09 UTC+2

Stock Market Overview for April 9: S&P 500 and NASDAQ Return to Annual Lows

Following Tuesday's regular trading session, U.S. stock indices closed with another decline, ending just a step away from their annual lows. The S&P 500 dropped by 1.57%, the Nasdaq

Jakub Novak 09:22 2025-04-09 UTC+2

US market: real reason behind Trump's tariffs revealed. Part 1

S&P 500 Overview for April 8 US market: real reason behind Trump's tariffs revealed. Part 1 Major US indices on Monday: Dow -0.9%, NASDAQ +0.1%, S&P 500 -0.2%, S&P

Jozef Kovach 13:50 2025-04-08 UTC+2

US market sees sharp rebound. Part 2

S&P 500 Overview for April 8 US market sees sharp rebound. Part 2 Major US indices on Monday: Dow -0.9%, NASDAQ +0.1%, S&P 500 -0.2%, S&P 500: 5,062, trading range

Jozef Kovach 13:04 2025-04-08 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.