Nasdaq has been range bound between 13000 and 12500 for the past 7 days.
Two short term resistance zones have formed 12700 and 12800.
12700 is the first level of resistance that needs to be broken for the market to push upward, price has tried multiple times and couldn't break above
After 12700, 12800 is the next resistance price tried to break it on Wednesday...
The Nasdaq 100 has a strong resistance to overcome @ around 13000 if it breaks the resistance the next key level would be around 13550 and then the channel line off the highs. Watch 12447 as support in the near-term.
