HomeContributorsTechnical AnalysisNasdaq 100 Grinds Higher

Nasdaq 100 Grinds Higher

The Nasdaq 100 rallies as improved US consumer sentiment showed a falling inflation outlook. The direction remains up as pullbacks have been met with enthusiasm so far. The index is pushing into the supply zone from the mid-December sell-off with 11580 as the first resistance. Its breach may gather more interests and send the price to 11900 right under last month’s spike (12200). A break above that area could turn the mood around in the medium-term. 11330 is the immediate support and 11100 a second line of defence.

Orbex
Orbexhttp://www.orbex.com/en/agent/cl/ccc678cb86b9
At Orbex, we are dedicated to serving our clients responsibly with the latest innovations in forex tools and resources to assist you in trading.

Featured Analysis

Learn Forex Trading

Defining A Great Trader

The Four Letter R-Word

Approaching Money Management