12.12.202407:54 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday December 12, 2024.

Relevance up to 21:00 2024-12-12 UTC--5

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With the Golden Cross condition where MA 50 is above MA 200 and the appearance of hidden deviations between price movements and the Stochastic Oscillator indicator on the 4-hour chart of the Nasdaq 100 index, it is confirmed that #NDX is still moving in a strengthening condition even though because the current Stochastic Oscillator condition is above the Overbought level and is preparing for Crossing SELL, it gives an indication that in the near future there is also the potential for a weakening correction where 21498.8 will be tested in the near future if this level succeeds in holding back the rate of the weakening correction of #NDX and as long as the weakening correction does not break through and close below the level of 21408.0 then #NDX has the potential to strengthen again where the level of 21965.9 will be the main target and if the momentum and volatility support then 22144.4 will be the next target to be aimed at.

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