NASDAQ LONG

After a sharp drop on 03/09/2020, Nas100 went into a major price correction pullback and traded witha channel downtrend to hit a level that has acted as a support and resistance somewhere July and August this year. After hitting the level as a support twice, Nas100 has now set up another channel trading upwards in the last 10 days. Its nearing a minor resistance at the 11600 level and now has the momentum to cross that level after testing it 4-5 times. The best challenging level is going to be the psychological level at 12000 where is might cross and continue its uptrend.