Nasdaq-100: ⬆️ Buy
– Nasdaq-100 broke daily down channel
– Likely to rise to resistance level 30240.00
Nasdaq-100 index today broke the resistance trendline of the daily down channel from August – which enclosed the previous minor ABC correction 2.
The breakout of this down channel should accelerate the active impulse wave 3 – which started earlier from the key support level 28860.00.
Given the earlier breakout of the aforementioned down channel and the strong bullish momentum, Nasdaq-100 index can be expected to rise further to the next resistance level 30240.00 (former top of the previous short-term wave 1).