Nasdaq (US100) Chart Technical Outlook has room for 14,975 on risk appetite sentiment
Nasdaq (US100) broad bias is bullish, and it had corrected since mid-July in what can be an ABC three-wave structure.
Prices bottomed last week and moved higher. It has room for 14,975, the 50% Fibo retracement level, and the 61.8% Fibo level at 15,100.
The US calendar is busy this week, starting with the ISM Manufacturing today and ending with the NFP on Friday and many Fed speeches. The US Senate passed the bill to avoid the government shutdown, spurring market reliefs.
Technical indicators support the immediate bullish move.
Supports are at 14,680 and 14,430.
