Nasdaq 100 (NDX) Down 3.56%; Breaks Below 50 Day Average

4 mins read

The Hourly View for NDX Last Updated February 26, 2021, 09:019 GMT At the moment, Nasdaq 1000’s price is down -79.29 (-0.61%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound…

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