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Technical Review of NDX 100 Index

NASDAQ 100 Index (NDX) retains its uptrend channel between 13,127 and 14,850. A breakout above initial resistance at 14,073.5-14,169 (top of the Feb 2021 channel and the 4/29/21 record high) signals the next NDX rally to 14,850. On the other hand, violation of the bottom of the channel at 13,127, coupled with a breakdown below 12,967 (5/12/21) warns of a retest of 12,613 (200-day ma).


As of 5/28/21, the top 10 constituents of NDX are AAPL (10.70% market-cap weight), MSFT (9.63), AMZN (8.30), FB 4.05), GOOG (4.04), TSLA (3.80), GOOGL (3.63), NVDA (3.14), PYPL (2.37), and CMCSA (2.04).


To view the entire report go to the Reports tab on the website or click the following:


https://72150fac-a2b1-4107-bcb6-58c3b0a146d7.filesusr.com/ugd/f8f1c6_2642f289b46b496a982f5653e1121e53.pdf

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