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Nasdaq 100 Ready for Downside Break

Corto
US 100 Index (TVC:NDQ)  
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TVC:NDQ   US 100 Index
Trend Analysis Technical Indicators
19
4
trendanalysis indicator
The Nasdaq 100 (NDQ) could soon break decisively to the downside.

NDQ is on the boundary of a rising trendline. Weekly Stochastic has a bearish lines crossover. RSI has moved below its moving average line. MACD had a bearish Histogram divergence going into the NDQ 2023 high.

A break below the rising trendline could open the door for a move down to the 12,800 area.

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