NASDAQ 100 about to test resistance

5 kwi 2022

NASDAQ 100 (index for ETFs QQQ , TQQQ and SQQQ) ran up just over 2% yesterday. It is hugging a very steep recovery trendline and it again looking to retest the resistance at around 15,270. MACD suggest that the index will drop lower but one could expect that it will aim to test the resistance. Any booster shots like yesterday's Musk's news on Twitter and Tesla could help push the market thru the resistance line. Expect volatility tho. The European markets have been trading in the red today so the skeptical sentiment likely to show in the US as well today.