Nasdaq 100 traders await US employment report
The Nasdaq 100’s slide from Monday’s 21,740 high amid rising US yields has taken the index to Wednesday’s 20,982 low. Above it low volatility range trading is taking place ahead of US non-farm payrolls.
A drop through 20,982 would probably put the 20,769 to 20,725 December to January lows on the cards.
Were a rise above Wednesday’s high at 21,263 to be seen, though, the December-to-January downtrend line at 21,568 might be revisited. Above it lurks Monday’s 21,704 high.
