top of page

Trading Nasdaq 100 Index

  • Writer: Lester Davids
    Lester Davids
  • 9 hours ago
  • 2 min read

Trade the Nasdaq 100 Index with Unum Capital

To get started, email tradingdesk@unum.co.za


Price Action Model Reading


AI-Assisted Interpretation of Model Reading:


Analyst's Disclosure: The interpretation of the price action model was summarized using an A.I tool.


  • Current 7-Day Trend: Overbought.

  • Current 14-Day Trend: Very Bullish.

  • Short-Term Buy/Long Opportunity: The model suggests "Very Strong Move Buyers In Control But Don't Chase-May Fail At Attempt To Hold The Highs-If It Doesn't Hold Then The 8-EMA May Be A Short/Sell Target". This implies that while buyers are strong, chasing the high isn't recommended, suggesting no clear immediate long opportunity without a hold.

  • Short-Term Sell/Short Opportunity: Yes, if the price fails to hold the highs, the 8-EMA is mentioned as a potential short/sell target.

  • Short-Term (1 to 10 days) Position & Trend: "Very Strong Move Buyers In Control" with a caution that it "May Fail At Attempt To Hold The Highs".

  • Medium-Term (2 to 4 weeks) Position & Trend: "Aggressive Buying But Do Not Chase-Look For Overshoot or Failure to Hold Prior Session Range Highs To Short-Sell Back To The 8-EMA". This indicates ongoing aggressive buying, but with a strategy to look for potential short-selling opportunities on overshoots or failure to hold highs.

  • Long-Term (5 to 8 weeks) Position & Trend: "Has Resumed A Bull Move In A Strong Upward Trend".


Summary: In the short term (1 to 10 days), NASDAQ 100 is seeing a very strong move by buyers, though there's a possibility it might fail to hold the highs, potentially creating a short-sell strategy targeting the 8-EMA. For the medium term (2 to 4 weeks), aggressive buying is underway, but a potential strategy involves looking for opportunities to short-sell on overshoots or if prior session range highs fail to hold, aiming for a move back to the 8-EMA. Looking at the long term (5 to 8 weeks), NASDAQ 100 has resumed a bull move within a strong upward trend.



Lester Davids

Senior Investment Analyst: Unum Capital

Comments

bottom of page