Nasdaq 100 backs away after opening above 17,800 today

Following on from the previous update, noting the higher opening for all the US stock markets this afternoon and the rise towards 38,400 in the Dow Jones, the Nasdaq 100 has also extended its positive close on Friday. The index closed exactly on a technical level, at 17,718. It reopened today at 17,801 and has reached a high so far at 17,820. With that in mind the reader is once again reminded of a potential resistance level, at 17,894. It was noted here earlier today; that this level was likely to come back on the radar and it seems to be that way now, although the index is now backing away from its opening highs, currently trading at 17,730 as Tesla shares back away from early gains too