The NASDAQ 100 and Technology Fueling the Rally

The current support area is actually around 3,700 which represents the 200 weekly moving average. The NASDAQ 100 has already consistently closed above its 20 and or excuse me 26 week and 40 week moving averages but it has its next resistance point around that it's having a hard time over coming. It seems as if in both cases NASDAQ 100 s&p we're kind of stuck in this testing zone to sort of sort out exactly who has more influence here the buyers or the bearsYeah absolutely and it's quite a switch obviously from the character of the market last year when it was the really large NASDAQ stocks mostly in in tech.