Nasdaq 10, #CPIWatch $TRUMP
#BitcoinOpenInterestShareRisesTo42.1% $XAU
and 29,800: live update
The Nasdaq 100 chart on a 5-hour timeframe reflects a phase of sharp fluctuation between a support level of 29,000 and resistance at 29,800, with the current price trading around 29,417.5—confirming that traders are trapped between upside signals in the long term and short-term downside pressure. Any breakout outside this range can trigger a powerful move in price.
"Between the hammer and the anvil": conflicting momentum
At the moment, the Nasdaq 100 is trading at 29,417.5 within a moderate congestion area on the 5-hour chart—exactly at the heart of the “do not cross” zone (from 29,250 to 29,500), where short- and long-term moving averages cluster. The long-term trend remains positive thanks to price holding above the SMA(200) and also above the Ichimoku cloud, but the faster indicators are sending conflicting warnings:
SuperTrend is still bearish above the price (level 29,614.26), suggesting that any bounce may be limited until the trend signal changes.
The MACD is moderately bearish, slightly, while the RSI at 50.62 confirms a tug-of-war between buyers and sellers.
#BitcoinOpenInterestShareRisesTo42.1% $XAU
and 29,800: live update
The Nasdaq 100 chart on a 5-hour timeframe reflects a phase of sharp fluctuation between a support level of 29,000 and resistance at 29,800, with the current price trading around 29,417.5—confirming that traders are trapped between upside signals in the long term and short-term downside pressure. Any breakout outside this range can trigger a powerful move in price.
"Between the hammer and the anvil": conflicting momentum
At the moment, the Nasdaq 100 is trading at 29,417.5 within a moderate congestion area on the 5-hour chart—exactly at the heart of the “do not cross” zone (from 29,250 to 29,500), where short- and long-term moving averages cluster. The long-term trend remains positive thanks to price holding above the SMA(200) and also above the Ichimoku cloud, but the faster indicators are sending conflicting warnings:
SuperTrend is still bearish above the price (level 29,614.26), suggesting that any bounce may be limited until the trend signal changes.
The MACD is moderately bearish, slightly, while the RSI at 50.62 confirms a tug-of-war between buyers and sellers.
