US100 above key resistance after several attempts

Tech stocks from the United States are top gainers during today’s session. US100 is currently outperforming other major indices as US 10-Year Treasury yield fell below 1.60% mark again. Taking a look at H4 interval, US100 managed to climb above an important resistance near 13,735 pts. Earlier this week bulls were not able to break above this threshold, even though they tried several times. One cannot rule out that buyers aim at 13,800 pts now (local highs from May 7 and lows from mid-April marked with blue circles on the chart). Breaking above this level might be a milestone for buyers as it could actually pave the way towards all-time highs. On the other hand, the 13,520 pts mark remains an important support for now.

US100, H4 interval. Source: xStation5

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