Nasdaq US100 Chart Technical Outlook waits for the US CPI data to trend higher, Nasdaq (US100) completed a three-wave corrective structure with a broadly bullish bias. The low of that correction overlaps a previously broken resistance-turned-support, 100% Fibo extension level, and 61.8% Fibo retracement level.
The 4H RSI shows a bullish divergence. A break above 15,540 is needed to trend higher to 15,700. Supports are at 15,200 and then 15,000.
The calendar is light this week until the US CPI due Thursday. I expect range trading.
