Nasdaq 100 rebound could continue
The index had lost 34% from its record high on Nov 2021 before to rebound near the second half of June. Nasdaq100 rose 12% from the bottom and managed to close above the 23.6% Fibonacci retracement. Next significant resistance would be at 13,210 , or a 6.3% price increase from current levels. The development of a channel gives more technical alerts regarding the possibility that the rebound could persist as a breakout on the upside would be seen quite bullish.
Below the lower side would be important to keep valid area 11,000 or sellers would be in control again.
Below the lower side would be important to keep valid area 11,000 or sellers would be in control again.
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