Tuesday 20 November 2018

NDX vs NDXE: Nasdaq 100 vs Nasdaq 100 EW cloud chart analysis

NDX vs NDXE: Nasdaq 100 vs Nasdaq 100 EW cloud chart analysis:

The Nasdaq 100 index is still above the bottom end of the weekly cloud. The bull case still stands, provided the index can rebound from this key cloud chart support zone!


The Nasdaq 100 equal weighted index is trading below the cloud, and this is overall bearish from a cloud chart perspective.

Outlook has changed from bullish to bearish on this index for price action is below the cloud!
Critical week ahead to see if support will come back into the market and the index regain cloud level support!

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