{"id":60387,"date":"2024-08-06T08:30:00","date_gmt":"2024-08-06T13:30:00","guid":{"rendered":"https:\/\/www.tradestation.com\/insights\/?p=60387"},"modified":"2024-08-06T08:56:49","modified_gmt":"2024-08-06T13:56:49","slug":"chart-of-day-nasdaq-oversold","status":"publish","type":"post","link":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/","title":{"rendered":"Chart of the Day: The Nasdaq Could Be Oversold"},"content":{"rendered":"\n<p>The Nasdaq-100 has fallen sharply in the last three weeks, but some traders may think the tech-heavy index is oversold.<\/p>\n\n\n\n<p>The first pattern on today&#8217;s chart is the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA and both are above the 200-day SMA. That may indicate &#8230;<\/p>\n\n\n\n<p><em>For more, please\u00a0<a href=\"https:\/\/www.tradingview.com\/chart\/NDX\/1uZQ2oxw-The-Nasdaq-Could-Be-Oversold\/\" target=\"_blank\" rel=\"noreferrer noopener\">click\u00a0here<\/a>\u00a0to view the related idea and chart analysis on\u00a0<a href=\"https:\/\/www.tradestation.com\/promo\/cash-reward-tv\/\" target=\"_blank\" rel=\"noreferrer noopener\">TradingView<\/a>.<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/www.tradingview.com\/x\/q1ElITTq\/\" alt=\"\"\/><figcaption class=\"wp-element-caption\">Nasdaq-100,\u00a0<em>daily\u00a0chart,\u00a0with selected patterns and indicators, courtesy of TradingView<\/em>.<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Nasdaq-100 has fallen sharply in the last three weeks, but some traders may think the tech-heavy index is oversold. The first pattern on today&#8217;s chart is the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA and both are above the 200-day SMA. That may indicate &#8230; For more, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":42973,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"footnotes":""},"categories":[13,38],"tags":[],"class_list":["post-60387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stocks","category-technical-analysis","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Chart of the Day: The Nasdaq Could Be Oversold | Market Insights<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chart of the Day: The Nasdaq Could Be Oversold | Market Insights\" \/>\n<meta property=\"og:description\" content=\"The Nasdaq-100 has fallen sharply in the last three weeks, but some traders may think the tech-heavy index is oversold. The first pattern on today&#8217;s chart is the sequence of simple moving averages (SMAs). The 50-day SMA is above the 100-day SMA and both are above the 200-day SMA. That may indicate &#8230; For more, [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeStation\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-06T13:30:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-08-06T13:56:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"David Russell\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:site\" content=\"@TradeStation\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"David Russell\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/\",\"url\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/\",\"name\":\"Chart of the Day: The Nasdaq Could Be Oversold | Market Insights\",\"isPartOf\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg\",\"datePublished\":\"2024-08-06T13:30:00+00:00\",\"dateModified\":\"2024-08-06T13:56:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#primaryimage\",\"url\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg\",\"contentUrl\":\"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg\",\"width\":1920,\"height\":1080},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.tradestation.com\/insights\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Chart of the Day: The Nasdaq Could Be Oversold\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#website\",\"url\":\"https:\/\/www.tradestation.com\/insights\/\",\"name\":\"Market Insights\",\"description\":\"Fresh market commentary and actionable trade ideas.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4\",\"name\":\"David Russell\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg\",\"caption\":\"David Russell\"},\"description\":\"David Russell is Global Head of Market Strategy at TradeStation. 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That may indicate &#8230; For more, [&hellip;]","og_url":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/","og_site_name":"Market Insights","article_publisher":"https:\/\/www.facebook.com\/TradeStation\/","article_published_time":"2024-08-06T13:30:00+00:00","article_modified_time":"2024-08-06T13:56:49+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg","type":"image\/jpeg"}],"author":"David Russell","twitter_card":"summary_large_image","twitter_creator":"@TradeStation","twitter_site":"@TradeStation","twitter_misc":{"Written by":"David Russell","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/","url":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/","name":"Chart of the Day: The Nasdaq Could Be Oversold | Market Insights","isPartOf":{"@id":"https:\/\/www.tradestation.com\/insights\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#primaryimage"},"image":{"@id":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg","datePublished":"2024-08-06T13:30:00+00:00","dateModified":"2024-08-06T13:56:49+00:00","author":{"@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4"},"breadcrumb":{"@id":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#primaryimage","url":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg","contentUrl":"https:\/\/cdn.tradestation.com\/uploads\/sites\/2\/nasdaq_AdobeStock_278477961-2a-e1616388183521.jpeg","width":1920,"height":1080},{"@type":"BreadcrumbList","@id":"https:\/\/www.tradestation.com\/insights\/2024\/08\/06\/chart-of-day-nasdaq-oversold\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.tradestation.com\/insights\/"},{"@type":"ListItem","position":2,"name":"Chart of the Day: The Nasdaq Could Be Oversold"}]},{"@type":"WebSite","@id":"https:\/\/www.tradestation.com\/insights\/#website","url":"https:\/\/www.tradestation.com\/insights\/","name":"Market Insights","description":"Fresh market commentary and actionable trade ideas.","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.tradestation.com\/insights\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/d2279ba57f90e3b47887f2503ce142d4","name":"David Russell","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.tradestation.com\/insights\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/443bdca82f0006231c5179581e4310ed?s=96&d=mm&r=pg","caption":"David Russell"},"description":"David Russell is Global Head of Market Strategy at TradeStation. 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