Nasdaq 100 Technical: Potential Short-Term Bounce on the Horizon

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<p>Recent decline has almost reached the upward-sloping 50-day moving average. Short-term RSI momentum indicator has suggested downside momentum has eased. Potential short-term bounce above 16,160 key short-term support. The US Nas 100 Index (a proxy for the Nasdaq 100 futures) has tumbled towards the 16,160/125 intermediate support as highlighted in our earlier analysis as it […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/technical-analysis/534393-nasdaq-100-technical-potential-short-term-bounce-on-the-horizon/">Nasdaq 100 Technical: Potential Short-Term Bounce on the Horizon</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>