The Nasdaq 100 holds onto the high ground as investors ponder how the labor data may affect the QE.
The index is looking to extend gains from the all-time high of 15700. Nonetheless, sentiment remains bullish with signs of overextension.
An RSI bearish divergence is a heads-up that a correction might be due. A break below 15520 may pull the trigger and 15300 on the 20-day moving average would be an important support.
On the upside, 15800 would be the immediate target if the bulls can keep up with the momentum.
