
Technical Update - S&P500 and Nasdaq 100

Kim Cramer Larsson
Technical Analyst, Saxo Bank
S&P 500 below 100 SMA but still above support at 4,475. Key support is at 4,400. Key resistance at 4,591
Nasdaq 100 closed Friday below key support 14,342. Minor support at 0.618 Fibo retracement at 13, 868. February lows around 13K likely to be tested.
If Buyers manage to close gap from 6th April resistance at 15,165 likely to be tested