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What's Next for This Market as the Nasdaq 100 Makes a New High?

·3 min read
What's Next for This Market as the Nasdaq 100 Makes a New High?
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The major equity indices closed mixed Thursday with negative internals on the NYSE and Nasdaq as trading volumes dropped. On the plus side, the S&P 500, DJIA, Nasdaq Composite and Nasdaq 100 closed higher on the day with the Composite managing to close above resistance, turning its near-term trend to bullish from neutral. The Nasdaq 100 (see below) closed above resistance as well and posted a new all-time closing high.