When the Price of Nasdaq 100 Index $NDX Talks, People Listen

October 13, 2023, 17:15 pm ET, BY Patrick- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NDX

• Buy NDX slightly over 14919.70 target 15694.17 stop loss @ 14876.61 Details

The technical summary data tells us to buy NDX near 14919.70 with an upside target of 15694.17. This data also tells us to set a stop loss @ 14876.61 to protect against excessive loss in case the stock begins to move against the trade. 14919.70 is the first level of support below 14995.1 , and by rule, any test of support is a buy signal. In this case, support 14919.70 would be being tested, so a buy signal would exist.

• Short NDX slightly under 15694.17, target 14919.70, stop loss @ 15739.49 Details

The technical summary data is suggesting a short of NDX as it gets near 15694.17 with a downside target of 14919.70. We should have a stop loss in place at 15739.49though. 15694.17 is the first level of resistance above 14995.1, and by rule, any test of resistance is a short signal. In this case, if resistance 15694.17 is being tested, so a short signal would exist.

Swing Trading Plans for NDX

• Buy NDX slightly over 15042.79, target 15334.96, Stop Loss @ 14999.35 Details

If 15042.79 begins to break higher, the technical summary data tells us to buy NDX just slightly over 15042.79, with an upside target of 15334.96. The data also tells us to set a stop loss @ 14999.35 in case the stock turns against the trade. 15042.79 is the first level of resistance above 14995.1, and by rule, any break above resistance is a buy signal. In this case, 15042.79, 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 15042.79, target 14919.70, Stop Loss @ 15086.23. Details

The technical summary data is suggesting a short of NDX if it tests 15042.79 with a downside target of 14919.70. We should have a stop loss in place at 15086.23 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, 15042.79, 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 15042.79, target 15227.13, Stop Loss @ 15007.7 Details

If 15042.79 begins to break higher, the technical summary data tells us to buy NDX just slightly over 15042.79, with an upside target of 15227.13. The data also tells us to set a stop loss @ 15007.7 in case the stock turns against the trade. 15042.79 is the first level of resistance above 14995.1, and by rule, any break above resistance is a buy signal. In this case, 15042.79, 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 15042.79, target 14919.70, Stop Loss @ 15077.88. Details

The technical summary data is suggesting a short of NDX if it tests 15042.79 with a downside target of 14919.70. We should have a stop loss in place at 15077.88 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, 15042.79, 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 Index (NDX) available here: NDX.

NDX Ratings for October 13:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	14919.70
P2	15227.13	15042.79	15694.17
P3	15411.24	15334.96	16488.50

AI Generated Signals for NDX

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Nasdaq 100 Index (NYSE: NDX) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NDX can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.