- The Nasdaq 100 index declined 2.60% last week, yet closed above the 14,000 major weekly support.
- Ahead of the Fed, quarterly bond sales plan and Apple's earnings; the mentioned support (represented in both: the 50-EMA and the downward channel's lower boundary) would play an important role in deciding the market's path on the short/medium-term.
- The technical indicators suggesting an upward rebound targeting: 14,520- 14,700 resistance levels.
- Ahead of the Fed, quarterly bond sales plan and Apple's earnings; the mentioned support (represented in both: the 50-EMA and the downward channel's lower boundary) would play an important role in deciding the market's path on the short/medium-term.
- The technical indicators suggesting an upward rebound targeting: 14,520- 14,700 resistance levels.
Comment:
The Nasdaq 100 index has rallied by 7.77% since the publishment.