Nasdaq 100: Rally to extend towards 13175, then 13603/720 – Credit Suisse Nasdaq Equities Banks
“The market is stalling in the short-term below 12740/856, which is the 38.2% retracement of the 2021/22 fall and price high from September 2022, however, we look for a breakout above this level in due course, with next resistance at 13175, then 13603/720.”
“Support is first seen at the recent breakout point at 12166, which we now look to hold. The next level is seen at 11960/853, below which would quickly point to a false breakout.”Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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