Nasdaq100 index closes up 2.1% last week for the fourth positive week in the longest streak since November.
The index closed on the daily timeframe on Friday above the200EMA (13,412) for the first time since early April, and above the 50EMA (13,486) on the weekly timeframe for the first time since late March.
The index may extend its rally into next week testing 13,980 - 14,300 resistance levels.
@danieltouma, the index broke its four-week win streak, closing 2.38% lower. Closed below the 200EMA for the first time since Aug. 11. Next bearish target 12,980 - 12,890