Nasdaq US100 Chart Technical Outlook stalls at the projected AB leg of a Bat formation
The overnight rally has been extended this morning. We are seeing a stalling in price action at the projected resistance level of the AB leg of a Bat formation. As long as the swing high holds it would suggest that the next move is lower within the BC leg. Intraday support is located at 19,671. The completion of the Bat formation and the supply zone is located at 20,064.
