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Nasdaq 100 - 4 hourly

Nasdaq - Chart data IG

By Minipip
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Nasdaq continues to trade higher premarket with support below. Risks to weigh though

Nasdaq 100 continues to trend towards the upside on Friday session with support below at 14,883. A break below here could take the market towards 14,800. Towards the upside, resistance sits at 15,086 with a break above here targeting the swing highs at 15,250. RSI currently reads 57 with MACD trending higher right now.

Overall sentiment looks somewhat positive right now; however, risks remain as core PCE data is due today. PCE data looks look at consumer expenditure, which excludes food and energy. Therefore the tech market will be more sensitive to this data, which is due at 1.30 pm UK time.

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