The Nasdaq 100 Index (NQ100) maintains a firm bullish stance, trading near the 28,292 level. The price continues to hold above key technical indicators, including the 21-period Simple Moving Average (SMA), as well as the 3/8 and 4/8 Murray math levels, while hovering around the 38.2% Fibonacci retracement level.
Upside Targets and Key Resistance
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Given the prevailing bullish momentum, the index is positioned to continue its upward movement in the coming sessions toward the 5/8 Murray level around 28,906. A sustained breakout above this zone could extend gains toward the 200-period Exponential Moving Average (EMA), located at approximately 29,053.
If buying pressure remains robust, secondary upside targets include the 61.8% Fibonacci retracement level at 29,600. Beyond this point, major dynamic resistance is anticipated at the 6/8 Murray level around 29,687 points, which may act as a significant cap on further advance.
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Technical Correction and Support Levels
Should a short-term pullback occur, buyers are likely to monitor key support zones for potential re-entry opportunities. Initial dynamic support sits at the 21-period SMA near 27,600, with stronger horizontal support lower at the 3/8 Murray line at 27,343 points.
A technical bounce from these support levels would offer favorable long setups, with upside targets projected at 28,125 and 29,000 points. The Eagle indicator continues to yield positive signals, supporting a general buy-on-dip strategy for NQ100 while trading above the 27,000 mark.
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