Analysis of NASDAQ 100 index

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Analysis of the NASDAQ 100 based on moving averages (MA) reveals a predominantly bullish sentiment in the short to long term.

Current Trend: The NASDAQ 100 is currently in a short-term rising trend, indicating positive market sentiment and increasing buying interest.

Key Observations:

Support: The index has support at approximately 21100 points.
Momentum: Strong positive momentum is present, with the RSI currently above 70, suggesting overbought conditions.
Resistance: There is no clear resistance in the price chart, indicating potential for further upside.
Technical Indicators:

Prediction for Next Week:

Despite overbought conditions, the NASDAQ 100 is expected to maintain its upward trajectory in the next week. However, traders should be cautious of a potential short-term correction due to the high RSI.

Disclaimer: This is a concise technical analysis report for informational purposes only and should not be considered financial advice.