NASDAQ 100 - Oct 12, 2016

[Evgenia Gencheva]

Nasdaq 100 is over support 4800 now, but on weekly and monthly charts moves in consolidation with range 4900 - 4540. Main support points below 4800 are 4780, 4700, 4620, 4540.
For today I expect test support to 4780, based on h4 chart, clear indications from lower bollinger 2:10 close and later today we will see crossing sma 50, sma 100 over the price, in result the price will fall below sma 200.

https://i.servimg.com/u/f97/19/53/74/92/forex_84.png



https://i.servimg.com/u/f97/19/53/74/92/forex_78.png

[Evgenia Gencheva]

Nasdaq is stable over 4800 level, which means test to 4860. I see now sma 50, 100 h4 are still on big distance, even after few h4 candles from the morning.