NDX climbs to highest close since Inception


Nasdaq 100 Index (NDX) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
NDX rallies 1.03% closing $74.33 higher
NDX dominated by bulls lifting the market higher throughout the day
NDX pushes through previous session high
NDX rises to highest close since Inception
TQ Sentiment
Report Sentiment: 75% Bullish
Technical Forecast:
Overview

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 chart for NDX
Volatility

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.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Conclusion

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
Condition Forecast Direction Win Avg Worst Best Events
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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Equity Indices Top Movers
NATGAS 2.9550.029 0.99%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
INDU 25,326.05138.35 0.55%
ASX 6,329.0029.40 0.47%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
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