Breach of resistance could mean a start of a bullish trend on NAS100

NAS100 has broken through a resistance line of a Pennant chart pattern. If this breakout holds true, we expect the price of NAS100 to test 7589.6586 within the next 16 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.