Market Snapshots

NASDAQ-100 Wave Analysis – 2 July, 2020

NASDAQ-100 Wave Analysis – 2 July, 2020

• NASDAQ-100 broke resistance level 10287.00

• Likely to rise to 10750.00

NASDAQ-100 today broke the key resistance level 10287.00 (which stopped the previous sharp impulse wave (i) in the middle of June, as can be seen below).

The breakout of the resistance level 10287.00 accelerated the active short-term impulse wave 3 of the higher-order impulse sequence (3) from April. NASDAQ-100 is likely to rise further toward the next resistance level 10750.00 (likely price for the completion of the active impulse wave 3).

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