10.10.202407:14 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of Nasdaq 100 Index, Thursday October 10, 2024.

Relevance up to 00:00 2024-10-11 UTC--4

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With the appearance of hidden deviations between the Nasdaq 100 index price movement and the Stochastic Oscillator indicator on its 4-hour chart, it gives an indication that in the near future this index will get a strengthening momentum, especially confirmed by the price movement moving above its EMA 50 which also coincidentally has a slope that dives upwards so that based on these facts in the near future #NDX has the potential to strengthen upwards where the level of 2045.9 will try to be broken, if successful, then #NDX has the potential to continue its strengthening to the level of 20712.7, but if during its strengthening journey #NDX suddenly experiences a significant weakening correction, especially if it breaks and closes below the level of 19793.1, then all strengthening scenarios that have been described previously become invalid and automatically canceled by themselves.

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