Nasdaq Composite Index technical analysis week ending 7-2-2020
Nasdaq Composite Index closed the trading week at 9520.00 up 1.27%
The Index was down - 0.54% at the last trading session of the week but had an overall weekly gain of 1.27%. The Index weekly performance had the same price pattern as the S&P 500, which saw a dive in prices mid-Jan 2020 and a breakthrough to the upside early Feb 2020.
The Index reached new highs on Thursday and Friday at 9570.00 but was pushed back and closed the trading week at 9520.00. The critical support price level for next week estimated at around 9497.00,9450.00, 9421.00, and 9372.00. The Index needs to remain above 9570.00 to continue its current trend.
The Index was down - 0.54% at the last trading session of the week but had an overall weekly gain of 1.27%. The Index weekly performance had the same price pattern as the S&P 500, which saw a dive in prices mid-Jan 2020 and a breakthrough to the upside early Feb 2020.
The Index reached new highs on Thursday and Friday at 9570.00 but was pushed back and closed the trading week at 9520.00. The critical support price level for next week estimated at around 9497.00,9450.00, 9421.00, and 9372.00. The Index needs to remain above 9570.00 to continue its current trend.
