Nasdaq 100 Hits Key Resistance and Enters a Technical Pullback
The Nasdaq 100 index pulled back from a key resistance level at 14,950 after failing to breach it.
The index appears to have entered a healthy correction, which may pave the way for it to attempt higher highs.
An immediate support level can be found at the 20-day SMA line.
The MACD indicator formed a bearish crossover, suggesting that bearish pressure is building.
The index appears to have entered a healthy correction, which may pave the way for it to attempt higher highs.
An immediate support level can be found at the 20-day SMA line.
The MACD indicator formed a bearish crossover, suggesting that bearish pressure is building.