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$NDX Quarter 3 (Q3) Analysis

Long
Nasdaq 100 Index (NASDAQ_DLY:NDX)  
realchartchamp  
NASDAQ_DLY:NDX   Nasdaq 100 Index
Trend Analysis Chart Patterns Technical Indicators NASDAQ 100 CFD NASDAQ 100 CFD ndxlong nasdaq100 nasdaqanalysis
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trendanalysis chartpattern indicator ndx ndx100 ndxlong nasdaq100 nasdaqanalysis
The NASDAQ has been performing extremely well for the year, and a special rebalance was put into effect in July to slow down the NASDAQ’s growth. Currently the NASDAQ has support in the EMA ribbon, which also intersects with the white support zone and yellow support line. This yellow support line has been acting as a support level since January 2023. I think the NASDAQ will have a bullish Q4 and will trend towards a new all-time high (green circle). However, I think this new all-time high could get delayed until Q1 and Q2 of next year, but I do expect a strong performance for the NASDAQ in Q4.
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