Nasdaq 100 sets daily close above technical resistance level

Looking at the Nasdaq 100 and applying the same technical outlook as just conducted in the previous update on the Dow Jones, we can see a similar pattern has evolved. The Nasdaq 100 closed last night at 19,490 with an even more impressive (+2.46%) gain on the day than for the Dow. The Nasdaq closed at 19,490 with a rise of 467 points on the session. That close was also above the 61.8% correction of the fall from 20,690 (all time record high) to the low at 17,435. That 61.8% corrective target was in place at 19,447. So, as with the Dow Jones, the Nasdaq 100 also closed above that price point last night. So, the next level in this respect is now at 19,922, but of course that is some way above where the index future is currently pricing the opening today, just now at around 19,505. As to whether the index can replicate the gains seen yesterday and reach that ahead of the weekend might not be so straightforward. We shall see what the price action looks like when the index reopens this afternoon. The index is just now priced to reppen at around 19,490, where it closed last night