The tech-heavy US100 gains nearly 2.5% and breaks above the key resistance level
Nasdaq (US100) breaks above the 12,000 mark, gaining nearly 2.5%. The index is thus at the highest level since September 3 and is about 3.6% below the historical highs from the beginning of the previous month. Additionally, it is worth noting that we can observe the breakout above the neckline of a potential reverese Head and Shoulders pattern. The extent of this formation indicates the possibility of establishing new historical highs.
US100 rose almost 2.5%. We are also seeing a breakout from a potential reverse head and shoulders formation. Source: xStation5
