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Indices | NDX100 | Watch After U.S. Downgrade

Published: 02.08.2023
by Joseph Jeffriess

Today’s focus: NDX100

Pattern – LH, trend break.

Possible targets – 15,430 – 14,945

Support – 15,430

Resistance – 15,835

  • Could the LH be warning of more weakness?
  • Buyers have failed at 15,832 for a second time
  • Fitch downgrades U.S. long-term rating to AA+ from AAA

In today’s video update, we are looking at the NDX100 index. We have run over the price action we are watching, the levels holding buyers back and which have held firm. With overall momentum starting to move to sellers after Fitch downgraded the US long-term rating to AA+ This has had an influence today with the Asian index and futures moving lower. Will we see the selling continue into the London and New York sessions?

NDX100 analysis video

Have a great day and good trading.

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