The Nasdaq 100 is hitting resistance around the all-time peak around 17,000, which has proved unbreachable on three occasions so far over a two-and-a-half-year period. The more this happens the more significant that 17,000 becomes. It will be decisively breached one day and that will likely launch a significant upward move.
The position is even more intriguing with the Nasdaq Technology Sector index, where there is a key round number involved as well. This index will look exciting when it breaks convincingly through 10,000.
