FTSE 100, NASDAQ 100 dip despite Asian indices mostly trading higher
FTSE 100, NASDAQ 100 dip in low volume trading despite Asian indices mostly trading higher, the Nikkei 225 by 2%.
FTSE 100 on a weaker footing
The FTSE 100's recovery from last week's and its November 7,995 low seems to have run out of steam at Monday’s 8,159 high despite most Asian stock indices rising, the Nikkei 225 by around 2%.
Monday’s intraday high was made right within the 8,183-to-8,196 late September and early October lows which, as expected, acted as resistance.
Minor support below Thursday’s 8,118 low sits at the 19 November low at 8,051. More significant support comes in around the psychological 8,000 mark.
NASDAQ 100 might close week’s gap
The NASDAQ 100 left a gap open with Monday’s 21,505 high. This may get filled this and next week as long as this week’s high at 21,857 isn’t overcome. If so, the 22,000 mark would be back in sight.
Immediate support is seen around Thursday’s 21,621 low.
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