Technical Levels To Watch As Nasdaq 100 Approaches All-Time Highs

MarketPulse by OANDA Group747 FollowersFollow5ShareSavePlay(5min)CommentsSummaryThe Nasdaq 100 has completed a "V-shaped" recovery after the recent selloff.The overall trend is clearly bullish across all major timeframes, with the index currently trading above the key 25,320 resistance-turned-support level.The RSI is signaling overbought conditions on the Daily, H4, and M15 charts, which suggests that immediate upside momentum may be slowing and consolidation or a minor "retest" is likely. honglouwawa/iStock via Getty Images By Zain Vawda The Nasdaq 100 has undergone a massive rally. After a period of aggressive selling that saw the index dip toward the 22,800 handle, we have seen a textbook "V-shaped" recovery. The mostThis article was written byMarketPulse by OANDA Group747 FollowersFollowMarketPulse is an award-winning industry analysis and news site service created by OANDA Business Information & Services, Inc. Covering forex, commodities, global indices and more, our goal is to give timely, relevant and informative commentary on major macroeconomic trends, technical analysis and worldwide events impacting the industry.