NDX climbs to highest close since Inception
Nasdaq 100 Index (NDX) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
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.
Daily Candlestick Chart (NDX as at Jun 14, 2018):
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.
With three of the other Major World Indices closing higher and three closing lower today, the winners of the day are DAX surging 1.68% and FTSE gaining 0.81%. On the flipside the worst performers have been NKY closing -0.99% lower and HSI losing -0.93%. Read more