Equity markets hold high as investors weigh stronger economic rebounds against reflation concerns.
The Nasdaq’s surge above the daily resistance at 13800, suggests that buyers have regained control of the direction.
The bull market may resume when trend followers jump in again. 13960 is the resistance up ahead. Its breach could trigger an extended rally to the peak at 14070.
The RSI has retreated into the neutral zone. 13700 has turned into a demand zone in case the index needs to consolidate its gains.
