The NAS100 has rebounded from its support level of $12,000 and is now facing an immediate hurdle at the range of $12,200 to $12,250. Traders can consider opening a short position if a bearish candlestick forms at this highlighted resistance level. However, if the resistance is broken, traders should watch for a retest of the resistance level and consider opening a long position.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.