Nasdaq 100 Index NDX Trading Report

September 25, 2021, 11:15 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This Nasdaq 100 Index (NYSE: NDX) trading report incorporates analysis also used by some of the biggest funds in the world.  Review the technical takeaways closely.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NDX change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NDX is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NDX too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for NDX

• Buy NDX slightly over 15309.82 target 15764.74 stop loss @ 15265.61 Details

The technical summary data tells us to buy NDX near 15309.82 with an upside target of 15764.74. This data also tells us to set a stop loss @ 15265.61 to protect against excessive loss in case the stock begins to move against the trade. 15309.82 is the first level of support below 15329.7 , and by rule, any test of support is a buy signal. In this case, support 15309.82 is being tested, a buy signal would exist.

• Short NDX under 15764.74, target 15309.82, stop loss @ 15810.27 Details

The technical summary data is suggesting a short of NDX as it gets near 15764.74 with a downside target of 15309.82. We should have a stop loss in place at 15810.27though. 15764.74 is the first level of resistance above 15329.7, and by rule, any test of resistance is a short signal. In this case, if resistance 15764.74 is being tested, a short signal would exist.

Swing Trading Plans for NDX

• Buy NDX slightly over 15764.74, target n/a, Stop Loss @ 15719.21 Details

If 15764.74 begins to break higher, the technical summary data tells us to buy NDX just slightly over 15764.74, with an upside target of n/a. The data also tells us to set a stop loss @ 15719.21 in case the stock turns against the trade. 15764.74 is the first level of resistance above 15329.7, and by rule, any break above resistance is a buy signal. In this case, 15764.74, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NDX near 15764.74, target 15309.82, Stop Loss @ 15810.27. Details

The technical summary data is suggesting a short of NDX if it tests 15764.74 with a downside target of 15309.82. We should have a stop loss in place at 15810.27 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15764.74, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NDX

• Buy NDX slightly over 15352.82, target 15764.74, Stop Loss @ 15317 Details

If 15352.82 begins to break higher, the technical summary data tells us to buy NDX just slightly over 15352.82, with an upside target of 15764.74. The data also tells us to set a stop loss @ 15317 in case the stock turns against the trade. 15352.82 is the first level of resistance above 15329.7, and by rule, any break above resistance is a buy signal. In this case, 15352.82, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NDX near 15352.82, target 15309.82, Stop Loss @ 15388.64. Details

The technical summary data is suggesting a short of NDX if it tests 15352.82 with a downside target of 15309.82. We should have a stop loss in place at 15388.64 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15352.82, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NDX Ratings for September 25:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	14799.11
P2	15021.98	14929.21	15309.82
P3	15352.82	15224.67	15764.74

Support and Resistance Plot Chart for NDX

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