Impressive day for Nasdaq-100 that made back all of yesterday’s losses. We are at the higher end of the 4.050-4.100 consolidation range that has been prevailing in the last two weeks. Chances favor a new multi-year high for the index tomorrow or on Friday, as a breakout from the recent price range, preferably with high volume. There is a lot of support at the psychologically important 4.000 points mark.
NASDAQ-100, daily chart:
Chart courtesy of StockCharts.com. http://stockcharts.com
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Petros Steriotis, CFTe, MSTA 