[#NDX]

Although RSI(14) indicator is in the Neutral-Bearish area, but with both EMAs forming a Golden Cross gives the confirmation that the Nasdaq 100 index still has the potential to continue its strengthening.

Key Levels

1. Resistance. 2 : 25629.0

2. Resistance. 1 : 25361.0

3. Pivot : 24912.1

4. Support. 1 : 24644.1

5. Support. 2 : 24195.2

Tactical Scenario

Positive Reaction Zone: If the price breaks out above 25361.0, there is a likelihood of a move up toward 25629.0.

Momentum Extension Bias: If 25629.0 is broken, the Nasdaq 100 could attempt to test 26077.9.

Invalidation Level / Bias Revision

The upside bias weakens if #NDX falls below 24195.2.

Technical Summary

EMA(50) : 24939.0

EMA(200): 24841.5

RSI(14) : 48.34

Economic News Release Agenda:

Tonight the United States will release the following economic data:

US - Challenger Job Cuts y/y - 19:30 WIB

US - Unemployment Claims - 20:30 WIB

US - Import Prices m/m - 20:30 WIB

US - Prelim Nonfarm Productivity q/q - 20:30 WIB

US - Prelim Unit Labor Costs q/q - 20:30 WIB

US - Natural Gas Storage - 22:30 WIB