Today we will analyze the index NASDAQ-100 USA (NDX) for internet stock trading in the INDICES stock market,
Stock Technical indicators to notice in NASDAQ-100 USA (NDX)
1- Last bearish trend was from 3,627.72 $ (1/22/2014) to 3,440.50 $ (2/3/2014) a 187.22 $ move 2- The current bullish trend started from 3,440.50 $ at 2/3/2014 and is currently trading at 3,706.34 $.
3- NDX current support level is at 3,678.64 which is the 127.20 % fibonacci retracement of the last 187.22 $ move.
4- NDX current resistance level is at 3,743.42 which is the 161.80 % fibonacci retracement of the last 187.22 $ move.
5- According to ADX Indicator, the trend is currently bullish,which is becoming weaker.furthermore, the ADX indicator location between DMI+ and DMI- is hinting on a strong move ahead. the stock is very volatile at this point.
NASDAQ-100 USA (NDX) Short term stock chart patterns for internet stock trading :

6- The Index was supported by a support line, identified by two points: 3,440.500 and 3,142.540, and is currently supporting at 3,531.020.
NASDAQ-100 USA (NDX) Mid term stock chart patterns for internet stock trading :

7- The Index traded in a bullish stock channel identifed by support at 2,524.360 and 2,458.830,resistance between 2,864.030 and 2,784.420 which was broken up at 3,000.660 in higher than usual volume.
NASDAQ-100 USA (NDX) Long term stock chart patterns for internet stock trading :

8- The Index traded in a bullish stock channel identifed by support at 2,524.360 and 2,458.830,resistance between 2,864.030 and 2,784.420 which was broken up at 3,000.660 in higher than usual volume.

Stock Trading Conclusion:
NASDAQ-100 USA (NDX) was trading in a bullish wave, which is becoming weaker .
Technical indicators and stock chart patterns show highly volatile movements favoriting bullish direction,
recommend stopping short positions or entering long position or bullish spread options strategy in online trading , because of the high expected future volatility, consider constructing symmetrical options strategies for buying volatility through strangles or straddles in online trading. .

Stock Resistance Levels : 3,743.42.
Stock Support levels : 3,678.64, 3,643.60, 3,627.72, 3,604.79, 3,573.42, 3,556.20, 3,542.05, 3,534.11, 3,531.02, 3,512.02, 3,484.68, 3,440.50, 3,111.63,.