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Nasdaq-100 Wave Analysis

Nasdaq-100: ⬆️ Buy

  • Nasdaq-100 reversed from support level 29000.00
  •  Likely to rise to resistance level 30000.00

Nasdaq-100 index recently reversed up from the support level 29000.00 (which started the active minor impulse wave iii).

The support zone near the support level 29000.00 was strengthened by the support trendline of the sharp daily up channel from March.

Given the overriding daily uptrend, Nasdaq-100 index can be expected to rise to the next round resistance level 30000.00 – target for the completion of the active impulse wave iii.

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