Support/Resistance & Trend: NASDAQ 100 (NDX)
INTERMEDIATE TERM BULLISH, TESTING MAJOR RESISTANCE
The chart below shows that the major trend in NDX is up as the index is above its 200-day MA, but it is still trying to exceed its 7701 October 2018 all-time high following a failed late April attempt. If NDX cannot rise and remain above 7701, the overall stock market may not have the necessary leadership for a sustained advance.
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