In recent weeks we are attending an important correction in American technology, With falls pronounced in the main technological index, The Nasdaq 100, since, from the maximum of last Wednesday, February 19 to the minimum of the session last Thursday, March 13, he NASDAQ 100 It has suffered a correction of 13.81%.
In the daily graph of the main American technological index, the Nasdaq 100, we can observe that, The index is establishing a ground during the last sessions in the approximate area of 19,166.80 points, Zone that also coincides with a relevant minimum established in the session last Thursday, September 12. In this sense, the price has recently activated a Chartist Figure of accumulation and bullish implications in the form of double soil, since, in the session last Monday the price produced a daily closure above 19,756 points. In this way, we are facing a session in which we are attending up higher than 1% and, which will be conditioned by the statement by the Fed regarding the decision on interest rates And, the road map to follow up to upcoming meetings.
Therefore, we can maintain the constructive attitude at Nasdaq 100 and work based on a short -term bullish objective in the environment of 20,340 points as long as we do not attend a daily closing price below 19,166.80 points.
Nasdaq 100 (NDX) on daily scale with volatility (upper central window), MacD (lower central window) and hiring volume (lower window). Source: Prorealtime and own elaboration.
