Trend Tracker for Nasdaq 100 Index NDX

December 02, 2021, 19:45 pm ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

The data for Nasdaq 100 Index (NYSE: NDX) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

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 15919.56 target 16471.27 stop loss @ 15873.58 Details

The technical summary data tells us to buy NDX near 15919.56 with an upside target of 16471.27. This data also tells us to set a stop loss @ 15873.58 to protect against excessive loss in case the stock begins to move against the trade. 15919.56 is the first level of support below 15959.5 , and by rule, any test of support is a buy signal. In this case, support 15919.56 is being tested, a buy signal would exist.

• Short NDX under 16471.27, target 15919.56, stop loss @ 16518.84 Details

The technical summary data is suggesting a short of NDX as it gets near 16471.27 with a downside target of 15919.56. We should have a stop loss in place at 16518.84though. 16471.27 is the first level of resistance above 15959.5, and by rule, any test of resistance is a short signal. In this case, if resistance 16471.27 is being tested, a short signal would exist.

Swing Trading Plans for NDX

• Buy NDX slightly over 16336.32, target 16471.27, Stop Loss @ 16289.14 Details

If 16336.32 begins to break higher, the technical summary data tells us to buy NDX just slightly over 16336.32, with an upside target of 16471.27. The data also tells us to set a stop loss @ 16289.14 in case the stock turns against the trade. 16336.32 is the first level of resistance above 15959.5, and by rule, any break above resistance is a buy signal. In this case, 16336.32, 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 16336.32, target 15936.48, Stop Loss @ 16383.5. Details

The technical summary data is suggesting a short of NDX if it tests 16336.32 with a downside target of 15936.48. We should have a stop loss in place at 16383.5 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, 16336.32, 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 16220.50, target 16336.32, Stop Loss @ 16182.66 Details

If 16220.50 begins to break higher, the technical summary data tells us to buy NDX just slightly over 16220.50, with an upside target of 16336.32. The data also tells us to set a stop loss @ 16182.66 in case the stock turns against the trade. 16220.50 is the first level of resistance above 15959.5, and by rule, any break above resistance is a buy signal. In this case, 16220.50, 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 16220.50, target 15936.48, Stop Loss @ 16258.34. Details

The technical summary data is suggesting a short of NDX if it tests 16220.50 with a downside target of 15936.48. We should have a stop loss in place at 16258.34 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, 16220.50, 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 December 02:

Support and Resistance Plot Chart for NDX

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