Nasdaq 100 (NDX) Underperforms All equity indices, Makes Big Move Relative to Two Week Trend; Crosses 20 Day Moving Average

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NDX

The Hourly View for NDX Last Updated January 7, 2021, 09:020 GMT At the moment, Nasdaq 1000’s price is down -46.12 (-0.36%) from the hour prior. The hourly chart shows that Nasdaq 1000 has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Nasdaq 100 Daily Price Recap Nasdaq 100…

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