Nasdaq100 is currently ranging between 12900-13800.
We have had the longest consolidation in the history, probably traders are all bored and need break out of this consolidation. Experts expects to get some very high volume after London market closed yesterday. Their targets for the bulls will be 13823, where the price will come to the trend line.
A break of this trend line and price 13823 can expect more bull taking price to 13930-14055.
Support is around 13400 and analysts predict if price drops it might be wise to set buy limits around 13400-13550.
There is bullish scenario on bigger time frames and NAS100 still in the rectangle bullish channel.
We have had the longest consolidation in the history, probably traders are all bored and need break out of this consolidation. Experts expects to get some very high volume after London market closed yesterday. Their targets for the bulls will be 13823, where the price will come to the trend line.
A break of this trend line and price 13823 can expect more bull taking price to 13930-14055.
Support is around 13400 and analysts predict if price drops it might be wise to set buy limits around 13400-13550.
There is bullish scenario on bigger time frames and NAS100 still in the rectangle bullish channel.