How the (NDX) price action is used to our Advantage
May 07, 2024, 23:04 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NDX
- Buy NDX slightly over 17276.8 target 18115.59 stop loss @ 17226.9 Details
The technical summary data tells us to buy NDX near 17276.8 with an upside target of 18115.59. This data also tells us to set a stop loss @ 17226.9 to protect against excessive loss in case the stock begins to move against the trade. 17276.8 is the first level of support below 18091.4 , and by rule, any test of support is a buy signal. In this case, support 17276.8 would be being tested, so a buy signal would exist.
- Short NDX slightly under 18115.59, target 17276.8, stop loss @ 18167.91 Details
The technical summary data is suggesting a short of NDX as it gets near 18115.59 with a downside target of 17276.8. We should have a stop loss in place at 18167.91though. 18115.59 is the first level of resistance above 18091.4, and by rule, any test of resistance is a short signal. In this case, if resistance 18115.59 is being tested, so a short signal would exist.
Swing Trading Plans for NDX
- Buy NDX slightly over 18115.59, target 18175.24, Stop Loss @ 18063.27 Details
If 18115.59 begins to break higher, the technical summary data tells us to buy NDX just slightly over 18115.59, with an upside target of 18175.24. The data also tells us to set a stop loss @ 18063.27 in case the stock turns against the trade. 18115.59 is the first level of resistance above 18091.4, and by rule, any break above resistance is a buy signal. In this case, 18115.59, 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 slightly near 18115.59, target 17761.3, Stop Loss @ 18167.91. Details
The technical summary data is suggesting a short of NDX if it tests 18115.59 with a downside target of 17761.3. We should have a stop loss in place at 18167.91 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, 18115.59, 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 18115.59, target 18159.8, Stop Loss @ 18073.33 Details
If 18115.59 begins to break higher, the technical summary data tells us to buy NDX just slightly over 18115.59, with an upside target of 18159.8. The data also tells us to set a stop loss @ 18073.33 in case the stock turns against the trade. 18115.59 is the first level of resistance above 18091.4, and by rule, any break above resistance is a buy signal. In this case, 18115.59, 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 slightly near 18115.59, target 17761.3, Stop Loss @ 18157.85. Details
The technical summary data is suggesting a short of NDX if it tests 18115.59 with a downside target of 17761.3. We should have a stop loss in place at 18157.85 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, 18115.59, 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.
Check the time stamp on this data. Updated AI-Generated Signals for Nasdaq-100 (NDX) available here: NDX.
NDX Ratings for May 07:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Neutral |
Strong |
| P1 |
0 |
0 |
17276.8 |
| P2 |
18159.8 |
17761.3 |
18115.59 |
| P3 |
18351.8 |
18175.24 |
18911.52 |
AI Generated Signals for NDX
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Nasdaq-100 (NYSE: NDX) data table below can help you with price action, and we have more details too. Trading plans for NDX are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NDX:
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