Nasdaq 100 Index $NDX Trading Report

September 05, 2023, 09:45 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NDX

• Buy NDX slightly over 15136.96 target 16044.13 stop loss @ 15093.24 Details

The technical summary data tells us to buy NDX near 15136.96 with an upside target of 16044.13. This data also tells us to set a stop loss @ 15093.24 to protect against excessive loss in case the stock begins to move against the trade. 15136.96 is the first level of support below 15455.4 , and by rule, any test of support is a buy signal. In this case, support 15136.96 is being tested, a buy signal would exist.

• Short NDX slightly under 16044.13, target 15136.96, stop loss @ 16090.47 Details

The technical summary data is suggesting a short of NDX as it gets near 16044.13 with a downside target of 15136.96. We should have a stop loss in place at 16090.47though. 16044.13 is the first level of resistance above 15455.4, and by rule, any test of resistance is a short signal. In this case, if resistance 16044.13 is being tested, a short signal would exist.

Swing Trading Plans for NDX

• Buy NDX slightly over 15665.94, target 16044.13, Stop Loss @ 15620.7 Details

If 15665.94 begins to break higher, the technical summary data tells us to buy NDX just slightly over 15665.94, with an upside target of 16044.13. The data also tells us to set a stop loss @ 15620.7 in case the stock turns against the trade. 15665.94 is the first level of resistance above 15455.4, and by rule, any break above resistance is a buy signal. In this case, 15665.94, 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 15665.94, target 15346.27, Stop Loss @ 15711.18. Details

The technical summary data is suggesting a short of NDX if it tests 15665.94 with a downside target of 15346.27. We should have a stop loss in place at 15711.18 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, 15665.94, 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 15528.44, target 15665.94, Stop Loss @ 15492.21 Details

If 15528.44 begins to break higher, the technical summary data tells us to buy NDX just slightly over 15528.44, with an upside target of 15665.94. The data also tells us to set a stop loss @ 15492.21 in case the stock turns against the trade. 15528.44 is the first level of resistance above 15455.4, and by rule, any break above resistance is a buy signal. In this case, 15528.44, 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 15528.44, target 15346.27, Stop Loss @ 15564.67. Details

The technical summary data is suggesting a short of NDX if it tests 15528.44 with a downside target of 15346.27. We should have a stop loss in place at 15564.67 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, 15528.44, 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 September 05:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	14278.32
P2	15528.44	15346.27	15136.96
P3	15745.77	15665.94	16044.13

AI Generated Signals for NDX

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Technically, Nasdaq 100 Index (NYSE: NDX) provides opportunities for traders who are watching the price of the stock oscillate over time.

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.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

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.