US tech index Nasdaq-100 (US100) dropped 2% yesterday. Taking a look at the index from a technical point of view, we can see that price dropped to the important support, where buyers suraced. Support zone at 12,760 pts is marked with previous price reactions as well as the right shoulders of a potential inverse head and shoulders pattern. In case buyers manage to halt declines there, a recovery move and an attack on 13,300 pts resistance may be on the cards. On the other hand, breaking below this support may hint that a bigger downward move is underway. In such a scenario, the next support to watch can be found in the 12,240 pts area.
Source: xStation5
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appThis content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
