NAQ100 Index: The Index breaks out at 6779.40 and approaches 6740.00

What is going on now with the NAQ100 Index?

 NAQ100 Index: The Index held on to its position above 6566.70 support and broke through 6613.65 resistance as highlighted in yesterday's update. The Index managed to hit its first target at 6779.40 before pulling back.

Our forecast

NAQ100 Index: The Index has broken through two resistance price points highlighted in yesterday's update and currently pushing towards 6740.00. The Index could continue to its next target at 6786.95 if it remains above 6740.00. The Index could pull back to 6779.40 if it fails at 6714.40 support.

Support/short -6714.40, 6779.40, 6613.65, and 6566.70

Resistance/Long -6740.00, 6786.95, 6851.80, and 6913.80

Chart 1: The short-term view of the NAQ100 Index price action in the 60 minutes price chart highlights the direction of the trend and the support and resistance price points

Chart 2: The short-term view of the NAQ100 Index price action in the four hours price chart highlights the direction of the trend and the support and resistance price points

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