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Daily Technical Analysis Research 14.11.2024 – Global Markets (NASDAQ)

NASDAQ (NDX):

The NASDAQ has also been active following Trump’s election to the presidency. As shown below, price action has reached a new all-time high of approximately $21,100.00.

Daily Technical Analysis Research 14.11.2024 - Global Markets (NASDAQ) - Screenshot 2024 11 14 at 11.44.35 1024x619

Looking more closely at the technicals, I will be monitoring price action to see if it begins to rebalance around the 50% level on the Fibonacci tool. Once we observe some rebalancing into these discounted price levels, I’ll be interested to see if they hold as support, allowing for a potential continuation to new highs.

Daily Technical Analysis Research 14.11.2024 - Global Markets (NASDAQ) - Screenshot 2024 11 14 at 11.44.43 1024x623

Author

Matthew Hayward
Matthew is a well-experienced Market Analyst with a key focus on both Fundamental and Technical Analysis. He has experience in covering various market topics including Cryptocurrency, Foreign Exchange, Indices, and Commodities. He looks to provide we...
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