NASDAQ100 will retreat after bouncing of 200ma
My belief is that NASDAQ100 is in a tight spiral of bouncing of the 200ma which indicates slight more upside but I believe it will test again the support level of 14500 approximately. So there is a short term upside in my opinion and MACD does not indicate cheap but not overbought either as NASDAQ mostly trades in the low 60's and currently is sitting 55.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.