The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
Following a period of price correction, the NASDAQ-100 index reversed upward from a significant technical support zone located at the 28585.00 level. According to technical reports, analysts expect the index to maintain its bullish momentum to reach a target resistance level of 30770.00. This movement reflects the completion of a corrective phase and the beginning of new positive sentiment in tech-heavy markets.
This technical rebound occurs as global markets show mixed performance, with the NASDAQ-100 recording a year-to-date growth of approximately 18% per market data. Compared to other major indices, the technology sector has demonstrated greater resilience despite inflationary pressures; search data indicates that mega-cap tech earnings in the latest quarter beat expectations by an average of 5.4%, bolstering confidence in the current rally.
Sign in to access this content
Sign InTraders should monitor the current levels of the NASDAQ-100 near the reversal zone as of the June 12, 2026 close. Looking ahead, the index's trajectory may be influenced by upcoming US inflation data and retail sales figures scheduled for next week, which will be pivotal in confirming whether the index can break through the target resistance at 30770.