Nasdaq back in the bullish regime


The good old days are back! The Tech heavy Nasdaq 100 is soaring again, and the rest of the market is falling. 

After a couple of days when this was the other way around, we are now back in this regime. The Nasdaq 100 index is up 1.3% on the day, the SP500 index is marginally higher, and the Dow is down 0.2%, dragged mainly by Boeing as planes, cruises, restaurants, and other cyclical businesses are collapsing. 

The Nasdaq index is now testing a more vigorous resistance of previous highs near 10,760 USD, and it looks like this will be no problem for bulls. The next target could be at the current all-time highs near 11,000 USD.

Alternatively, the intraday support is seen near 10,670/10,700 USD, and as long as the index trades above this level, the short-term outlook seems bullish.

Sentiment appears bullish today, lifted by another vaccine news, but this time it is working only for tech stocks (which were not impacted by the virus anyway), and the rest of the market is weak. 
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