Technical cheat sheet: getting technical with the tech-heavy Nasdaq 100
Diving into the tech-laden Nasdaq 100 (US Tech 100 on IG’s trading platform), our latest Technical cheat sheet unravels the intricacies.
The scene is set with a bullish technical outlook, albeit with a tad hesitant follow-through. We craft strategies for the dual possibilities—whether the current sentiment sustains or stumbles, and even under an altered market vista. The chasm of trader divergence is expanding, with retail traders deepening their short positions into a pronounced sell-off, while Commitment of Traders (CoT) speculators adopt a modest buying stance, elevating their game a notch or two.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices