Strong Surge in the US Technology Index and Growth Prospects

11 Nov 2023

The USA technology stocks index has experienced a significant increase, closing the session with a gain exceeding 2.25% compared to previous values. The day started with determination, opening at 15,252.4 points, slightly below the highs of the previous session. Throughout the day, quotations strengthened, culminating in a closing upswing at 15,529.1, near session highs. Analyzing the short-term technical picture of the Nasdaq 100, there is an upward acceleration of the curve with a target set at 15,653.9. There is a risk of a descent to 15,279.7, but this temporary correction should not compromise the solidity of the current trend. The outlook points to an extension of the bullish trend, with a target of 16,028. Farewell and have a great weekend from Nicola, the CEO of Forex48 Trading Academy