Although the bias remains strong, the appearance of divergence on the Nasdaq 100 Index has the potential for a limited correction.

Although the bias remains strong, the appearance of divergence on the Nasdaq 100 Index has the potential for a limited correction.

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Back Technical analysis

Although the bias remains strong, the appearance of divergence on the Nasdaq 100 Index has the potential for a limited correction. Thursday, August 7, 2025.

Nasdaq 100 Index - Thursday, August

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07.08.2025 07:42 AM

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Nasdaq 100 Index - Thursday, August 07, 2025.With the condition of EMA (50) and EMA (200) forming a golden cross, and the RSI (14) in the extreme bullish area, the potential for strengthening of the Nasdaq 100 Index is quite wide open. However, caution should be exercised, as the appearance of divergence between the RSI (14) indicator and the #NDX price movement suggests the potential for a limited downward correction.Key Levels1. Resistance 2: 23597.6.2. Resistance 1: 23451.2.3. Pivot: 23192.5.4. Support

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