NDX climbs to highest close since Inception
NDX finished Thursday at 7279.59 surging $74.33 (1.03%). This is the biggest single day gain in over a week. Today's closing price of 7279.59 marks the highest close since Inception. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Wednesday's high at 7261.17, Nasdaq confirms its breakout through the previous session's high having traded $30.14 above it intraday.
Thursday's trading range was $57.61 (0.8%), that's slightly below last trading month's daily average range of $64.05. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly below average.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
While classical technical analysis indicates a bullish sentiment for the next trading day, our quantitative statistics show a different picture being bearish.
Market Conditions for Nasdaq 100 Index
|Close to R1 Resistance||TQ Pro Members Only|
|Low close to previous low||TQ Pro Members Only|
|Close to Swing High||TQ Pro Members Only|
|Up Close near high of period||TQ Pro Members Only|
|Bounced off Technical Support S1||TQ Pro Members Only|
More market conditions identified for TQ Pro members...
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