The index had lost 34% from its record high on Nov 2021 before to rebound near the second half of June. Nasdaq100 rose 12% from the bottom and managed to close above the 23.6% Fibonacci retracement. Next significant resistance would be at 13,210 , or a 6.3% price increase from current levels. The development of a channel gives more technical alerts regarding the possibility that the rebound could persist as a breakout on the upside would be seen quite bullish.
Below the lower side would be important to keep valid area 11,000 or sellers would be in control again.
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