The Nasdaq 100 has recently made an exciting move by breaking above the significant resistance level of 21,484. This upward momentum suggests that the downward movement, which saw the index dip to 20,798 from a high of 22,212, has officially come to an end.
Now firmly in an uptrend from the 20,798 mark, NAS100 is currently experiencing a pullback from around 21,600, which could be interpreted as a period of consolidation before continuing its upward trajectory. Traders can anticipate a range of trading activity between the levels of 21,080 and 21,600 in the coming days.As long as the support level at 21,080 remains intact, we can expect the uptrend from 20,798 to resume. A breakout above the 21,600 resistance could set the stage for another bullish push toward the 22,200 mark.However, it’s essential to remain cautious. A break below the 21,080 support could signal a return to test the 20,798 support level once more.More By This Author:EURUSD Analysis: Bears Maintain Control As Pair Tests New Lows
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