NASDAQ - 7500.00 Target for Buyers

FX:NAS100   NASDAQ 100 Index
The price bounced from the support zone formed by SMA100 and 7300.00 level. The breakout above the signal line confirmed the strength of buyers. The market moved upward and gave us two trading opportunities based on the reversal and the breakout signals.

RSI confirmed the price reversal, and now it supports the buyers. MACD lines and histogram confirm the upward movement. In spite of DMI does not support the buyers, the market will be able to reach the previous high at 7500.00 level. But will the market be able to break this resistance? We will see. Probably the price will bounce from the resistance, and it will be a new short opportunity.

If you missed the buy signals, you need to wait for a pullback to 7300.00 support. Reversal signals in this zone can be used for buying based on the 4H and lower timeframes.

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