Price Action
The NASDAQ 100 (NAS100) has experienced a notable uptick, closing at $704.36, a significant increase from the previous close of $693.69. During the trading session, the index opened at $700.375, reached a high of $706.42, and found support at $696.82. This price action indicates a bullish sentiment, especially as the market reacts to recent news regarding Nvidia's results and broader market skepticism.
Candlestick Patterns
The daily candlestick shows a bullish engulfing pattern, suggesting strong buying pressure, which may continue to push the price higher. If the index can maintain this momentum, it could solidify a bullish trend moving forward.
Key Support & Resistance
Key levels to monitor include: