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– Nasdaq-100 reversed from support zone
– Likely to rise to resistance level 20340.00
Nasdaq-100 index today reversed up from the support zone located between the pivotal support level 19680.00 (former top of wave b from the start of September) intersecting with the 20-day moving average.
The upward reversal from this support zone stopped the previous short-term correction ii.
Given the clear daily uptrend, Nasdaq-100 index can be expected to rise further to the next resistance level 20340.00, high of the previous impulse wave i.
Source: https://fxpro.news
