Nasdaq 100 reaches 19,924 and slightly beyond ahead of US PMI data

The US stock markets have just now reopened and as expected it was an immediately positive start to the session for all three major indexes. The Dow Jones has risen above 41k but more on that in a minute. The Nasdaq 100 reopened at 19,911 and rose immediately to a new rebound high, at 19,938. That means it has now met and slightly surpassed its final technical rebound objective/resistance level, at 19,924. The index is currently trading at 19,920 and it remains to be seen if it will extend further ahead, or after that PMI data due very shortly at 1.45pm GMT. The index is now backing off slightly, currently trading at 19,910