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Nasdaq Composite Index Technical Analysis Today


Nasdaq Composite Index Technical Analysis Today is a daily updating technical analysis report on Nasdaq 100. As today Federal reserve could release Fed minutes. Hence technical analysis will play important rule while trading.

FOMC July Minutes Release:

Minutes of the Fed’s July 25-26 meeting will be released Wednesday. Fed minutes may offer clues on start of portfolio wind down and Rate rise plans.

What To Watch Out For:

  •   Comments on Inflation.
  •   Balance sheet run off.
  •   If the minutes hint at balance sheet run off in September.

So Fed minuets should  be watched closely.

Nasdaq Composite Index Technical Analysis Today:

                            Nasdaq composite index yesterday opened at 6350.51. And immediately went to register  days high at 6350.74. Due to open near high the  Nasdaq Composite Index falls to the low of 6324.75. And closed the day at 6333.01.

Nasdaq Technical analysis chart

                          For today 6323 and 6350 both will act as support and resistance respectively.If Nasdaq breaks out 6350 next resistance is placed at 6380. If Nasdaq breaks down 6323 then next support is placed at 6270. It seems like Nasdaq composite index could break out on the upside.

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1 Comment
  1. Jayakumar says

    Good. I try to work out.

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