NASDAQ100 Chart Technical Outlook completes the Bat formation at 13,360, support located at 12,770
The US index has completed the bearish daily BAT formation between 13,360 and 13,408.
The four-hour chart highlights an ending pattern known as a Rising Wedge. A break of 13,085, and the measured move target is 12,727.
Although we have bespoke support located within the wedge at 13,168, we would look to this level to merely stall the sell-off.
Further bespoke support is located at 12,770 and 12,718. We would look to this zone as a significant support or possible target level.