{"id":8938,"date":"2010-04-30T09:20:34","date_gmt":"2010-04-30T13:20:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8938"},"modified":"2010-04-30T09:20:34","modified_gmt":"2010-04-30T13:20:34","slug":"nasdaq-100-has-potential-to-reach-2060-points","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/30\/nasdaq-100-has-potential-to-reach-2060-points\/","title":{"rendered":"NASDAQ 100 Has Potential to Reach 2,060 Points"},"content":{"rendered":"<p><strong>By Yan Petters <\/strong>&#8211; After going through a technical correction, the Nasdaq 100 looks to  resume the bullish trend. The index dropped to 1,990 points recently,  yet promptly bounced back up to 2,040 points where it\u2019s currently  standing. As the trend continues, the index seems to have potential to  reach 2,060 points.<\/p>\n<p>\u2022 The chart below is the NASDAQ 100 4-hour chart by ForexYard.<br \/>\n\u2022 The technical indicators used are the Bollinger Bands, the Slow  Stochastic, the MACD and the Relative Strength Index (RSI).<br \/>\n\u2022 There is a very clear bullish trend which was initiated at the 1,960  points.<br \/>\n\u2022 A bullish cross of the MACD suggests that the bullish trend has more  steam in it.<br \/>\n\u2022 The Slow Stochastic continues to float above the 80 line, further  indicating that the bullish trend has more room to go.<br \/>\n\u2022 The next significant resistant level is placed at the 2,060 points,  which means that the Nasdaq 100 has potential to reach this level soon.<br \/>\n\u2022 If the index will fail to breach through the 2,060 level, it is likely  to drop back down towards the 2,040 level.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/Nasdaq-100.bmp\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/Nasdaq-100.bmp\" alt=\"\" width=\"595\" height=\"578\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                           Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                           may not be suitable for all investors. There  is  a              possibility      that     you   could sustain a loss  of  all   of    your         investment and      therefore  you      should   not    invest   money  that   you      cannot afford to       lose. You    should    be      aware of   all   the    risks    associated with     Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Yan Petters &#8211; After going through a technical correction, the Nasdaq 100 looks to resume the bullish trend. The index dropped to 1,990 points recently, yet promptly bounced back up to 2,040 points where it\u2019s currently standing. As the trend continues, the index seems to have potential to reach 2,060 points. \u2022 The chart &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/30\/nasdaq-100-has-potential-to-reach-2060-points\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;NASDAQ 100 Has Potential to Reach 2,060 Points&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8938","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8938"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8938\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}