With the appearance of deviations between the Nasdaq 100 index price movement and the RSI(5) indicator plus the current confirmation that the #NDX price is already and has closed above the WMA (30 Shift 2) on the 4-hour chart, it provides an indication that in the near future #NDX has the potential to appreciate and strengthen upwards where as long as there is no weakening correction that breaks through and closes below the 20932.3 level, this index will strengthen up to the 21513.4 level and if the momentum and volatility support it, #NDX will try to go to the 22105.2 level.
(Disclaimer)
The material has been provided by InstaForex Company - www.instaforex.com
