NAS100 is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 49 days and may test it again within the next 9 days.
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FTSE 100 hits 8546.7 after a 6.01% move spanning 34 days
FTSE 100 has moved higher by 6.01% from 8062.3 to 8546.7 in the last 34 days.
Because NAS 100 formed a Channel Up pattern, we expect it to touch the resistance line. If it breaks through resistance it may move much higher
NAS 100 is heading towards the resistance line of a Channel Up and could reach this point within…
FTSE 100 hits 8507.9 after a 5.53% move spanning 33 days
FTSE 100 hits 8507.9 after a 5.53% move spanning 33 days.